TrueCost configuration overview

Component	Description	Reference	Comments
TrueCost Configuration	A TrueCost configuration is associated with a finance enterprise group, which determines the structure of the configuration, including the department dimension and cost object dimension, the cost breakdown structure, and TrueCost ledgers.	Creating a configuration	Required.
Drivers	TrueCost drivers are based on the count, volumes, and durations of patient-level activities that are derived from clinical and operational systems.	Creating drivers	Required.
Driver Event	Driver event is used to specify the value of a driver for each cost object during a patient-related event. Departmental logs or patient activity logs from the Electronic Health Record System (EHR) can be loaded as driver events.	Creating driver events	Required if Driver is created and driver type selected is by event date
Driver Data	Driver data is used to specify the value of a driver for each cost object based on the date on which it is effective.	Creating driver data	Required if Driver is created and driver type selected is by effective date.
Driver Weight	A driver weight is used to allocate expenses for cost objects based on a measure of resource intensity.	Creating driver weights	Optional.
Driver Weight Data	This is the value of a driver weight used for a cost object. For example, if the driver weight is RVU, the weight data specifies the RVU values for each cost object.	Creating driver weight data	Required if Driver Weight is created.
Practical Capacity	Practical capacity is used in capacity allocations to calculate a portion of the balance as the unutilized capacity of a finance dimension.	Creating practical capacity	Required if creating capacity allocations.
Unutilized capacity <volume dimension>	To calculate capacity allocations, you must associate a posting volume dimension to the summary volume dimension to which it applies. When an allocation rule is calculated for the summary volume dimension, the unused capacity is calculated and allocated to the associated posting volume dimension in the capacity ledger.	Creating unutilized capacity (volume dimension)	Required if Practical Capacity is created.
Practical Capacity Volume	To calculate capacity allocations, you must specify the practical capacity volume effective for the unutilized capacity summary volume dimension for the period of the allocation run.	Creating practical capacity volume	Required if Practical Capacity is created.
Cost Behavior	Cost behavior is the sensitivity of costs to changes in service volume.	Creating cost behaviors	Optional.

TrueCost Configuration

A TrueCost configuration is associated with a finance enterprise group, which determines the structure of the configuration, including the department dimension and cost object dimension, the cost breakdown structure, and TrueCost ledgers.

Creating a configuration

Required.

Drivers

TrueCost drivers are based on the count, volumes, and durations of patient-level activities that are derived from clinical and operational systems.

Creating drivers

Required.

Driver Event

Driver event is used to specify the value of a driver for each cost object during a patient-related event.

Departmental logs or patient activity logs from the Electronic Health Record System (EHR) can be loaded as driver events.

Creating driver events

Required if Driver is created and driver type selected is by event date

Driver Data

Driver data is used to specify the value of a driver for each cost object based on the date on which it is effective.

Creating driver data

Required if Driver is created and driver type selected is by effective date.

Driver Weight

A driver weight is used to allocate expenses for cost objects based on a measure of resource intensity.

Creating driver weights

Optional.

Driver Weight Data

This is the value of a driver weight used for a cost object. For example, if the driver weight is RVU, the weight data specifies the RVU values for each cost object.

Creating driver weight data

Required if Driver Weight is created.

Practical Capacity

Practical capacity is used in capacity allocations to calculate a portion of the balance as the unutilized capacity of a finance dimension.

Creating practical capacity

Required if creating capacity allocations.

Unutilized capacity <volume dimension>

To calculate capacity allocations, you must associate a posting volume dimension to the summary volume dimension to which it applies. When an allocation rule is calculated for the summary volume dimension, the unused capacity is calculated and allocated to the associated posting volume dimension in the capacity ledger.

Creating unutilized capacity (volume dimension)

Required if Practical Capacity is created.

Practical Capacity Volume

To calculate capacity allocations, you must specify the practical capacity volume effective for the unutilized capacity summary volume dimension for the period of the allocation run.

Creating practical capacity volume

Required if Practical Capacity is created.

Cost Behavior

Cost behavior is the sensitivity of costs to changes in service volume.

Creating cost behaviors

Optional.