Case Study
Avalon Healthcare Solutions Improves Financial Planning and Analysis with NetSuite Planning and Budgeting
Avalon Healthcare Solutions, based in Tampa, Florida, helps payers and providers optimize treatment decisions through real-time lab insights. To support a more complex financial model and strengthen planning across the business, Avalon partnered with MindStream Analytics to implement NetSuite Planning and Budgeting.
Avalon Healthcare Solutions needed a planning and reporting framework that could keep pace with how the organization actually operated. That required clearer structure, stronger automation, and a process that people across the business could use with confidence.
MindStream Analytics focused on building a solution that improved everyday usability while also creating a better long-term finance foundation for budgeting, forecasting, and analysis.
The Challenge:
Avalon needed a more flexible planning environment that could support detailed revenue modeling, stronger financial reporting, and faster budgeting and forecasting across a healthcare business with complex upstream and downstream transactions.
Managing a complex healthcare transaction model with multiple contractual terms, payments, and lab networks. This made it harder for the team to move quickly and consistently from raw inputs to useful reporting and planning outcomes.
Need for accurate financial statements, including cash flow statements and AR analysis, in a more planning-focused environment. This made it harder for the team to move quickly and consistently from raw inputs to useful reporting and planning outcomes.
A desire to move beyond static annual budgeting toward scenario-based forecasting and quarterly budget updates. This made it harder for the team to move quickly and consistently from raw inputs to useful reporting and planning outcomes.
As the business evolved, Avalon Healthcare Solutions needed a more dependable process that could support better visibility, cleaner workflows, and faster decision-making.
The Solution
MindStream Analytics implemented NetSuite Planning and Budgeting to give Avalon a connected platform for budgeting, forecasting, workforce planning, and financial statement reporting.
Implemented NetSuite Planning and Budgeting alongside NetSuite GL to strengthen reporting and planning workflows. This step helped align the solution more closely with the business and reduced the reliance on fragmented or manual workarounds.
Enabled Avalon to produce balance sheets, income statements, cash flow statements, and AR analysis with more accuracy. This step helped align the solution more closely with the business and reduced the reliance on fragmented or manual workarounds.
Built detailed revenue models using products and categories that reflect Avalon’s service structure. This step helped align the solution more closely with the business and reduced the reliance on fragmented or manual workarounds.
Supported workforce planning with employee-level forecasting for compensation, benefits, and other metrics tied directly to financial reports. This step helped align the solution more closely with the business and reduced the reliance on fragmented or manual workarounds.
By designing the solution around how Avalon Healthcare Solutions needed to operate, MindStream delivered more than a technical implementation. The engagement created a planning environment that was easier to manage, easier to trust, and better suited for future growth.
Key solution components included:
The Result
With NetSuite Planning and Budgeting in place, Avalon gained a more dynamic and reliable planning process that supports detailed analysis, scenario planning, and broader finance adoption across the organization.
Improved budgeting and forecasting accuracy with stronger line-item detail. In day-to-day use, that meant stronger visibility, more timely analysis, and better support for financial decision-making.
Enabled scenario-based planning and quarterly budget updates instead of static annual planning. In day-to-day use, that meant stronger visibility, more timely analysis, and better support for financial decision-making.
Provided stronger workforce planning and tighter alignment between operational detail and financial reporting. In day-to-day use, that meant stronger visibility, more timely analysis, and better support for financial decision-making.
Created a foundation for rolling planning out to operational leaders across the organization. In day-to-day use, that meant stronger visibility, more timely analysis, and better support for financial decision-making.
Overall, the project helped Avalon Healthcare Solutions move from a more limited or manual process to a stronger operating model for planning, reporting, and finance collaboration.