What’s new
Welcome to Version 2022.3 of Axiom Rolling Forecasting!
Enhancements in this release include the following:
Plan file enhancements
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Use the Holiday tab in the Planning Configuration utility to set your organization’s observed holidays and update them automatically when you roll forward.
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Automated Workday calculations – You no longer need to update workdays every time a period is rolled forward. Instead of manual fields, workdays are now calculated automatically based on the new Holiday List table. When you set up your organization’s recognized holidays, the system calculates workdays for all periods. For more information, see Configure workday periods and Configure holidays.
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Use the Report Options tab in the Planning Configuration utility to control refresh variables for RFGroup and RFCODE grouping columns in reports and manage report alert thresholds.
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IP Census and Per Unit IP Census Calculation Method updates – The calculation (calc) method codes were updated so that if you use the IP Census, the proper codes populate the IP Census block and do not appear elsewhere. If the IP Census calc method is not used or is not set up, the codes populate under the assigned calc method.
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Use this feature to retire old or unused initiatives and remove them from being displayed in plan files and reports.
Deductions Model enhancements
The following updates and enhancements to the Deductions Model calculator and related features provide tools for improved deductions forecasting.
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Forecast payor component deductions
Use payor deduction categories to include the forecast of gross revenue charges, deductions, and statistics by rolled up payor components in the Deductions Model calculator.
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New payor deduction categories
Use the Payor Setup utility to create deduction categories for classifying payors into components that you can use to forecast statistics, revenue, and deductions in the Deductions Model calculator.
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Payor Component Refresh Variables – Use new payor category options in the calculator’s Refresh Variables dialog to select which payor categories to use in your deductions forecasts. If no payor categories are set up, the Refresh Variables dialog does not include the option to select them.
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Payor Zero (unassigned) separated from Payor 1001 (Medicare) – Payor 0 and Medicare are no longer grouped together, so you can use each separately in the calculator. Payor 0 is now a separate line item in the calculator.
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Bad Debt, Charity Care, and Administrative Adjustments – Totals for Bad Debt, Charity Care, and Administrative expense actuals are calculated for all payors regardless of which payor categories you select for modeling in the Deductions Model calculator. The total gross inpatient and outpatient amounts are determined by the RF Deductions group and scenario set in the Deduction Model refresh variables. Three new rows above the Administrative Adjustments section provide the grand totals for IP Revenue, OP Revenue, and Total Revenue.
Reports
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Use the Payor Summary report to review all of the data from multiple deduction models in one report.
Other enhancements
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RF Admin and RF Fcst task panes – Reporting sections for both task panes are now alphabetized to make them consistent.
