If you walk into a Chief Financial Officer’s office in the US and ask if they use “Hyperion”, the answer is likely to be “yes”. Why is this? This solution has innovated to the level of changing the margin trajectory for ~6,000 customers across many industries by automating and innovating capacity planning and financial performance management processes. For some hospitals, this leading edge solution is not financially within reach so these organizations are forced to remain on the sidelines and try to reap the rewards of best practices being implemented by others.
Oracle is now changing the game for healthcare providers by introducing the “Healthcare Starter Kit” to reduce implementation for configuring their software. The Starter Kit provides a runway or starting point for Oracle Hyperion Planning by delivering functionality for an operating budget and variance analysis capabilities for key healthcare business processes such as:
Revenue Cycle and Reimbursement Performance Management
The Starter Kit net revenue and reimbursement solutions integrate key clinical, operational, and financial data to deliver an aligned and rationalized view of revenue cycle performance by patient type, payer, and service line (or charge code, if you desire). Oracle Hyperion Planning has the multidimensional capabilities on a scalable platform to handle the integration from patient accounting systems and the specific modeling needed to forecast net revenue and reimbursement at detailed levels.
Operations and Administrative Expense Performance Management
Oracle’s Operations and Administrative Expense Performance Management solutions enable organizations to set top-down targets, collaborate across all management on driver-based rolling forecasts and budgets, and “drill to transaction” details for powerful variance analysis.
Oracle Hyperion Planning has the multi-dimensional capabilities, performance, and scalability to handle the integration from GL, HR, and Fixed Assets systems and intense modeling needed to develop rolling forecasts for detailed labor, variable, and depreciation expense related to capital expenditures.
The pre-built functionality of the Healthcare Starter kit addresses many of the planning and budgeting requirements demanded by the healthcare industry. These features, in turn, deliver value faster by providing out of the box functionality which reduces the effort needed for analysis, design and build activities within the implementation and by accelerating finance transformation initiatives with integrated enterprise dimension management and pre-built ERP integrations. This empowers management to make strategic decisions about cost structure and overall financial health, improving the value of each patient encounter.
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 Healthcare Starter Kit.
View a recent Perficient EPM White Paper here:
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