Case Study: Community Physician Network achieves 60% faster budgeting and automated financial reporting with Prophix Software

Community Physician Network Gets a Finance Health Check

Community Physician Network, one of Central Indiana’s largest multi‑specialty medical groups with more than 600 providers, $165M in annual revenue and 1,700 employees, faced rising frustrations with error‑prone spreadsheets and the impending end of Microsoft’s FRx Reporter. Manual budgeting, consolidation and reporting consumed time, produced duplicate entries and limited scenario planning and analysis—their annual budget cycle took five months.

By implementing Prophix’s CPM platform, the Office of Finance automated budgeting, forecasting, reporting and consolidation, cutting the budget cycle to two months and eliminating much of the manual formatting and consolidation work. The team now generates executive Report Binders, performs on‑the‑fly and statistical analyses (including wRVU‑based productivity and payer revenue assessments), tracks submissions and approvals, and is positioned to extend automation to compensation, balance sheet assumptions and advanced revenue planning.

Community Physician Network