1. PARAS fuels the growth of your hospital
Running an organization is not an easy task. As the organization grows, the tasks to manage and
maintain various activities also grow. With rapid growth,organizationshave look forward to
facilitate their easy workflow through multiple channels. They have brought IT solutions in
place by introducing innovations and reducing complications. And henceforth they are able to
enhance their service and workflow.
With this, hospitals have never stood behind to prove its importance in the industry. Among all
the sectors, healthcare sector play a major role in the today’s world.It is the only sector that
caters to all kinds of people in the society, hence it is mandatory to increase the operational
efficiencies and improve the patient care.
Hospitals should notonly forbid themselves in focusing on better patient care, they should
genuinely look forward to increase their efficiency in the resource management module too, as
resources and monetary conditions helps hospitals in improving the service, aiming for a better
patient outcome.
Managing the resources and identifying the activities in hospitals have become a major
challenge now.With growing visitors and expansion, hospitals face lot many revenue
leakagesdue to improper balance of resources.
The activity based costing module of PARAS has developed functionality that identifies activities
in an organization and assigns the cost of each activity resource to all products and services
according to the actual consumption.
This enables hospitals to know and analyze the revenue vs cost for each of the service providing
areas within the hospital. The activity based costing helps in tracking the resources, identifying
the utilization of them, and deciding the service cost for the resources . Hence PARAS has
designed a wave of innovation that benefits the hospitals in improving their monetary
conditions.