IQVIA Patient Level Information Costing System (PLICS) helps hospitals calculate true patient-level costs, compare them with revenues, and identify inefficiencies to improve financial performance. Using Activity-Based Costing, it allocates indirect and overhead costs to patient activities and supports profitability analysis at department and encounter levels. Key features include ML-based financial forecasting, multiple costing modules (overnight, capacity, standard), and dashboards with 80+ reports for finance and clinical costing. Deployed in 60+ hospitals, PLICS conforms to international standards and reduces average length of stay while optimizing SOPs and resource use.

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