Funds flow system for academic health centers

A method of tracking the flow of funds in an academic health center including a school of medicine, a hospital and a clinical practice plan as participants, comprising the steps of:

• gathering data from each of the participants and other entities;
• and
• loading the data into processor, the processor carrying out the functions of:
• identifying, using the loaded data, all transactions across the participants and other entities;
• identifying, using the loaded data, all sources of funds provided for each department of a participant;
• identifying, using the loaded data, all uses of funds for said each department of the participant;
• analyzing the funds flow among the participants;
• generating a source of funds statement and uses of funds statement for each participant using the identified sources of funds and uses of funds;
• generating a departmental statement for each department of a participant based on the source of funds statement and uses of funds statement for each department;
• and
• generating ratios using the departmental statements outputting the source of funds statement and uses of funds statements to an output device of the computer, wherein
• the ratios include at least one ratio selected from the group consisting of:
• productivity and efficiency ratios, efficiency and investment ratios, productivity and efficiency for faculty compensation ratios, productivity for funds generated and funds invested ratios, external funds generated per total faculty salary plus benefits ratios, contribution of external funds generated to total faculty plus benefits excluding centrally provided services ratios;
• contribution of external funds generated to total faculty plus benefits including centrally provided services ratios;
• dependency funding mix percentage ratios;
• and efficiency expense mix percentage ratios.

A system for tracking the flow of funds in an academic health center, comprising:

• a school of medicine, a hospital and a clinical practice plan as participants;
• a network connecting each of the participants;
• a processor for gathering data from each of the participants via the network and carrying out the functions of:
• identifying, using the gathered data, all transactions across said each of the participants;
• identifying, using the gathered data, all sources of funds provided for each department of a participant;
• identifying, using the gathered data, all uses of funds for each department of the participant;
• analyzing the funds flow among the participants;
• and
• generating a source of funds statement and uses of funds statement for each participant using the identified sources of funds and uses of funds, wherein
• the source of funds includes cash received and values received that are not cash, and
• the uses of funds include cash paid and values provided that are not cash values.

A system for tracking the flow of funds in an academic health center, comprising:

• a school of medicine, a hospital and a clinical practice plan as participants;
• a network connecting each of the participants;
• and
• a processor for gathering data from each of the participants and generating at least one report based on the data, wherein the data includes a list of all sources of funds and uses of funds for a each department of a participant, wherein the at least one report is selected from the group consisting of:
• custom triangle and supporting statements, standard triangle and supporting statements, customized departmental statements, standard department statements, departmental ratios by participants, ratios by department across participants, aggregate department sources and uses per FTE.