B. Setup – Defining financial nodes and models

Typically, nodes and models are defined at the organizational level at which balance sheets are maintained (For example, a hospital, physician group, health plan, and so on). Nodes can represent an entity, division, user-defined business group, strategic initiative, health plan, new debt, or a balance sheet within your organization.

From a technical standpoint, a node is the forecast for the defined business segment. A node template is created for each node and stores data inputs that drive the node projections. You can standardize node-type templates using the Managed Node Default Detail utility. For more information, see D. Configuration – Creating models and nodes. Select financial statements are generated within the node. To better understand each type and the financial statement inclusions, see the section on Managing Models and Nodes.

Models correspond to a collection of nodes that share a balance sheet. Each model must have a balance sheet either on a consolidated level using a balance sheet node type or within an Entity node type.

For example, all entities and divisions at Clearview Health System have income, balance sheet, and cash flow statements. The organization has robust database systems that can extract user-defined patient care populations and related hypothetical financial statements.

Based on the organizational and reporting structure, six design options are being evaluated.