Budget Impact Assessments

Budget impact models are an important tool particularly for use in PBAC, MSAC and hospital formulary submissions to justify the introduction of new products. These set out the total financial impact on the institutions from the adoption of these new products. The focus is on costs and changes in health outcomes which flow through to cost savings. Illuminate can present budget impact models in excel and report form. The look and feel of the model is transparent and visually appealing and can be used as a sales tool by specialist company staff.