CostFlex

Activity Based Costing & Management for Hospitals.

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Overview

CostFlex provides activity-based cost accounting software and services specifically for the hospital industry. Their solutions are designed to deliver accurate procedure-level costing to support decision-making in areas like contract negotiation, service line management, and budgeting.

✨ Key Features

  • Activity-Based Costing
  • Procedure-Level Costing
  • Contract Management
  • Profitability Analysis
  • Budgeting Tools

🎯 Key Differentiators

  • Over 30 years of exclusive focus on healthcare cost accounting
  • High level of accuracy in cost data
  • Software designed specifically for hospitals, not adapted from other industries

Unique Value: Delivers what it claims is the most accurate, hospital-specific cost accounting data available, enabling precise financial analysis and decision-making that is not possible with more generic tools.

🎯 Use Cases (4)

Determining the cost of individual procedures Analyzing profitability of payer contracts Managing service line financial performance Informing budget development

🏆 Alternatives

Syntellis (Strata) Health Catalyst MedeAnalytics

Provides a much deeper and more accurate level of cost accounting detail compared to the cost accounting modules within larger financial planning suites.

💻 Platforms

Desktop

✅ Offline Mode Available

🛟 Support Options

  • ✓ Email Support
  • ✓ Phone Support
  • ✓ Dedicated Support (All tier)

🔒 Compliance & Security

✓ HIPAA ✓ BAA Available

💰 Pricing

Contact for pricing
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