Bairnsdale Regional Health Service is the largest healthcare provider in East Gippsland. The Service provides: primary care; acute care; aged care; community and home based health services to a population of over 40,000 people. Operating over two locations, they are committed to ongoing improvements to the health needs of the region.

The Challenge

Bairnsdale Regional Health Service was looking for an improved process to meet their regulatory reporting requirements. The Service wanted to reduce the time taken to deliver the required reports as well as improve the overall accuracy of the business information.

The Solution

Bairnsdale Regional Health Service implemented MAGIQ Financial Statements to efficiently produce the organisation’s budgeted balance sheet and cashflow statements. MAGIQ Financial Statements is fully integrated with MAGIQ Performance, ensuring consistent and automatic application of the Health Service’s business rules and assumptions across the organisation.

The Benefit

MAGIQ Financial Statements has delivered significant time-savings with a dramatic reduction in the time and effort required to meet the Health Service’s financial reporting requirements. The overall accuracy of the budgeted balance sheet and cash flow statements has also been significantly improved.

Tania Donaldson, Chief Financial Officer:

MAGIQ Financial Statements has drastically cut work hours spent on this process and greatly increased the accuracy of our budgeted balance sheet and cashflow statements.

Download the Case Study here.