Hospice-Specific Systems MVI builds hospice-specific systems that provide virtually unlimited reporting and integration options. Each one fused with industry knowledge and best practices learned from the hundreds of hospices we serve.

WHY FINANCIAL SYSTEMS?

• Your hospice’s reputation is in the balance.
• There is a societal expectation of great stewardship.
• Energy and resources cannot be intelligently directed without precise knowledge.

These things cannot be done without a great financial system. Your financial system “touches” every part of your hospice.

With a MVI designed financial system, you can have peace of mind, knowing the state of your hospice… every part of it!!! Plus, you will be armed with the insight of how your operations compare to other hospices. The most intelligent hospices are conscious of what the rest of the industry is doing, but intentionally “design” their care and operations according to their own ideals and vision of hospice.

MVI is financial systems plus much, much more; it is an entire paradigm of hospice operations that incorporates the best practices we have discovered through the course of our work. We are a competitive advantage to the hospices we work with.

The Most Powerful Financial Report Writer

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Account Inquiry

F9 GL Diagram

Drill Down

Drop Down

Period Wizard

F9 is an “add-in” to Microsoft Excel that enables individuals to “read” General Ledger data and leverage it with all of the power that Microsoft has put into Excel.

Most people are familiar with Excel. Therefore, they already know 95% of what is needed to use F9. Learn 3 or 4 formulas and you're in business…

It was designed to handle virtually all situations that a hospice would face including growth, the cost report, board, & management reporting.

• Account Analysis
• Medium Level Income Statement
• Balance Sheet
• Financial Management and Benchmarking System
• Hospice Budget System
• CAR Reports (Critical Activities by Dept)

Top Financial Indicators

• Percentage of Net Patient Revenue – Perhaps the best basis for hospice financial measurement and comparison.
• ADC (Regular and Nursing Homes) Drives everything… mission, costs, revenue, etc.
• Days in Account Receivable Out of cash… out of business.
• Patient Day Costs by Segment The most used hospice measurement, good for comparability, but limited regarding productivity info.
• Variable Costs The key to successful financial management. If this is out of control, it is impossible to do well financially.
• Fixed Cost % - Computed on a Net Patient Revenue basis. This is the #1 area where hospices get out of control..
• Average Visits Per Day by Discipline This measurement is needed as a supplement to Patient-Day. It tells us if we are getting value for PR dollars.
• Fully-Absorbed Visit-Hour Cost by Discipline This is the KEY to understand costs by diagnosis, age, referral source, etc. These costs are loaded into your patient care system.
• Return Per Dollar of Development Expenditures Since community support is an important element, or even competitive advantage, it needs some attention.
• Days in Accounts Receivable - Out of cash…out of business.

Special Grant for MVI NFP Clients!!! Due to the sheer volume of hospices that use CYMA, a special grant is available exclusively through MVI. This grant makes the choice of an accounting system for a hospice, even the largest and most complex, a no brainer!

CYMA Systems

In 1997, we began a search for a high performance accounting system for hospices. The system needed to be affordable and allow flexible reporting to provide the information required now and in the future. CYMA emerged as our choice and is now the most commonly used accounting system in the hospice world.

Here's why:

• It is easy to use and robust.
• It comes in both Not-for-Profit and a For-Profit versions.
• It can be integrated with most patient management systems. If it can’t integrate with CYMA, it can’t integrate.  CYMA has POWERFUL integration capabilities includes Import/Export, ODBC, and Active X Controls.   
• It can be configured to easily apply operational statistics to financial data.
• It functions with F9 and Crystal Reports. Many reporting tasks can be automated and more time can be spent analyzing information rather than creating it. F9 is the most powerful report writer available. We do not recommend any system that does not work with F9! With F9, financial reporting, access to financial data, and budgeting will never be the same. You will move from "stone & chisel" accounting to "state-of-the-art." Also, Crystal Reports is the most widely used report writer in the world. It can integrate information from a diverse range of software.
• It can be customized. Unlimited custom fields may be added to the system.
• It supports two budgets. One to be used for a static budget and the other for projections or a flex budget that moves with fluctuations of patient volume.
• The General Ledger is very strong. It has a very flexible account structure (24 characters and 10 segments). This is important as the organization evolves or has special reporting needs.
• MVI works with most of the major accounting systems on the market and CYMA embodies many of the features of the more expensive and often overpriced systems. It has what it takes to run a hospice. Though Dynamics and MAS90 are great systems, MANY hospices that were using those systems have switched to CYMA.
• In addition, we have developed the MVI CYMA Setup Pack. This package contains all of the elements needed to get started in this new world of accounting. It includes the Hospice Standard Chart of Accounts, Board Financial Statements, Management Financials, Analysis Templates, and the Hospice Budget System. These are powerful custom features for CYMA that will really help you perform work with the touch of a button! You will be able to apply operational statistics to your financials to create really powerful management reports and tools.