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Cost Accounting and New Reimbursement Models

The healthcare payment systems are evolving from simple pay-for-performance demonstration projects and never-event exclusions to Medicare value based purchasing, readmission restrictions, and bundled payments. Expenses also are under scrutiny and required accurate costing data.

Costing systems need to be freed from the back room and become a relevant corner stone for preparing forecasts and capacity planning models that incorporate operational, statistical and financial data in one place to enable sound planning and decision making.  Healthcare providers should seek a common understanding of the business drivers and their effect on operations and financial profitability and cost.

Calculator and FilesEffective Financial Forecasting and Enterprise Performance Management require these capabilities:

–      Capabilities for Budgeting and Flexible Variance Analysis

–      Capabilities for Cost Accounting

–      Capabilities for Patient Analytics

–      Capabilities for Productivity Management

Oracle healthcare performance management and clinical data warehouse solutions significantly assist a healthcare payer or provider to automate budgeting, forecasting and costing processes above.  Perficient is uniquely positioned to provide thought leadership to help drive these solutions to meet your organization’s needs.  Visit us at booth #401 at OpenWorld 2013 (#OOW13) in the Moscone South Hall during the week of September 23rd to “See the Future” and learn how Perficient can help implement the Oracle Hyperion solutions.

View Perficient Performance Management White Papers:

View “A Profitability and Cost Management Strategy for Healthcare Providers” on-demand webinar 

Download “A Solution to the “Signal to Noise” Problem for Healthcare Organizations” whitepaper, Perficient’s solution for the addressing costing for healthcare providers includes the Oracle Profitability and Cost Management software.

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Terie McClintock

Terie McClintock is the Oracle Healthcare Practice Director at Perficient, Inc. where she is responsible for providing healthcare subject matter expertise to the Perficient Oracle National Business Unit while also cultivating and managing the partnership with Oracle’s Healthcare Vertical and Horizontal Business Units. Terie has more than 25 years of IT experience. Prior to joining Perficient, Terie contributed over 13 years at M.D. Anderson Cancer Center with the most recent title of Director, Data Management Services. Prior to M.D. Anderson, Terie worked for IBM as a Senior Consultant.

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