Create what-if cost models

Why use this feature

You can now create a what-if cost model and use it to compare to your production or "live" models.

How this feature works

What: As part of creating or modifying a cost model, you can now enable or disable Axiom from summarizing the costs to the encounter level. If you disable summarization, you are in essence creating a what-if version of the model. You can then use the model to construct scenarios in which to compare to your production or "live" models. At any time, you can enable the summarization function—changing the what-if model to a production model—and vice versa.

Where: From the Enterprise Decision Support home page, in the Cost accounting section, click Create a cost model or Modify a cost model.

Who: Users assigned the EDS User role profile.

How: Create a model or select the model from the Select cost model drop-down at the top of the cost model page. In the Create/Modify a cost model dialog, do one of the following:

  • To designate the model as a production or "live" model, sum up the cost model results to the encounter level by clicking the toggle to Yes.

    NOTE: Axiom will not allow you to select an overlapping model based on entity and cost period.

  • To designate the model as a what-if model that you can use to compare different modeling scenarios against production or "live" models, click the toggle to No.

The toggle gives you the control to enable or disable the system from summarizing the costs to the encounter level

Where to find more information

The following topics in the online help have been added or updated with information and instructions for using this feature: