Episode 53

From Excel Nightmares to Automated Success: The Power of Cubiko Calculate

In this episode of Medicubes, hosts Riwka and Kim are joined by Nick Adams, Chief Operating Officer, and Sean Fincham, Chief Financial Officer at Cubiko, to discuss Cubiko Calculate, a solution designed to streamline the calculation and distribution of service fees between practices and practitioners in general practice settings.

They explore how Cubiko Calculate addresses common challenges in service fee administration, including the reliance on complex, error-prone spreadsheets and manual processes.

Key Points:

  1. Background: Cubiko Calculate is developed in response to feedback from over 2,500 practices using Cubiko Insights, identifying the need for efficient and accurate doctor fee run calculations.
  2. Automation and Accuracy: Calculate automates service fee distribution, reducing errors and administrative time while increasing transparency.
  3. Fee Rule Engine: The system allows configuration of differentiated service fees by item type, session time, date range, and other parameters, supporting fairer and more precise practitioner arrangements.
  4. Integration Features: Connection with Best Practice enables automatic data pull, and seamless integration with Xero allows for quick and accurate reconciliation with financial records.
  5. Fraud Detection and Controls: Automated and structured processes help uncover long-standing errors or misallocations, supporting better financial oversight.
  6. Responding to Change: The Cubiko team discusses adaptability to future changes such as bundled payment models or new incentive schemes in general practice remuneration.
  7. Implementation and Support: Onboarding practices are provided with tailored support to match service fee calculations with underlying practitioner agreements, ensuring the system aligns with contractual intentions.

Download Cubiko Calculate’s resource, The 4 checks every fee run should include

Learn more about Cubiko Calculate or book a demo with the Cubiko team

Medicubes is a proud member of the Talking HealthTech Podcast Network - the premier audio destination for cutting-edge insights and thought leadership in healthcare delivery, innovation, digital health, healthcare ICT, and commercialisation. Learn more at www.talkinghealthtech.com/podcast/network

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About the Podcast

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Medicubes
The Medicubes team bring you a monthly panel conversation of exciting and challenging topics in primary health care, answering listener questions and invited guests to the discussions.

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About your hosts

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Kim Poyner

Accredited Health Coach and executive coach, with over 20 years of experience in General Practice and Intensive Care Units. Mentor to health professionals and organisations to achieve their best, specialising in chronic disease management, coaching, and change management programs.
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Riwka Hagen

An experienced general practice manager, with a passion for leadership development, coaching, and business management in the health sector. As the Director of Medical Business Services and Medical Business Coaching, she provides consulting, advisory, coaching, training, and mentoring services to health organisations Australia-wide, and is also the founder of the highly active Facebook group 'Practice Managers Network'.
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Chris Smeed

A lover of all things Practice Management and Data. Always thinking of ways to make life easier and to help with patient outcomes.