F9

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!