Departmental Cost
Accurate departmental cost comparisons require cost mapping process integrity. With that in mind, HMC has established data mapping and scrubbing processes that set a new industry standard. Additionally, HMC preserves data detail so you can diagnose the root causes of inefficiencies.
Feature of Departmental Cost include:
High-level views. Summaries direct managers where to focus to improve productivity, non-labor expense, agency usage, supplies, skill-mix, and corporate costs.
Direct and accurate comparison. HMC maps your costs, hours, agency labor, and corporate expenses into carefully constructed functional buckets, with wage differences normalized.
Shows goals. Tools allow managers to see ideal budgets at target level costs.
Context. The tool provides the detail for managers to come up with a path to improvement.
Cost Excess Cascade