A. Setup – Input category definitions

Before data can be collected, you must identify income statement and balance sheet drivers for revenues, expenses, assets, liabilities, and net asset forecasting. The line items on the financial statements and internal chart of accounts are traditionally the foundation for the level of detail the organization opts to use as projection inputs. The green dotted outline in the following diagram represents how deconstructing the financial statement can assist in this process. These input categories are configured in the CODE dimension table.

NOTE: Axiom Financial Planning projects patient care revenues by payor categories. Volumes, gross charges, and contractual allowances are influenced by these categories. Payor categories can be defined as detailed as an insurance contract, financial class, or as general as a payor grouping (Government, Commercial, Self-Pay, Other). These payor categories are configured in the PAYOR dimension table.