Healthcare

Terie McClintock, Director at Perficient, wrote an interesting blog post about the importance of merging clinical and financial data. Assembling this data requires a robust technical architecture that easily stores the data relationships with contextual integrity along with the ability to resolve patient or person identity. Once the data is assembled, leaders of the organization […]

Terie McClintock, Director at Perficient, recently wrote a blog post about Perficient’s Health Care presence at Oracle Industry Connect. The Health and Life Sciences breakouts will showcase how these organizations are implementing enterprise-wide data warehouses and analytics capabilities that provide a comprehensive view of healthcare operations—patient visits, diagnoses, test results, prescriptions, referrals, and more—making it possible […]

Many public sector planning organizations struggle with common challenges during their planning and budgeting process. Inadequate tools for tracking expenses by Fund, Program, Project, or Activity Existing systems prone to mistakes No process control Fragile, easy to break Difficult to generate reports Oracle’s Hyperion Public Sector planning application is a great fit for preparing workforce […]

Oracle OpenWorld 2013 turned out to be one of my best experiences with a trade-show ever!  I made new contacts, I learned about product strategy and I learned about awesome customer stories related to innovative healthcare solutions. Perficient’s Lesli Adams @lesliadams  provided innovative solution overviews highlighting healthcare business intelligence solutions #OBIEE for Patient Centered Medical […]

Financial forecasting captures relevant operational, statistical and financial data in one place to enable sound planning and decision making.  In addition, forecasting fosters a common understanding of business drivers and their effect on operations and financial performance. Effective Financial Forecasting and Enterprise Performance Management require these capabilities: –      Capabilities for Budgeting and Flexible Variance Analysis […]

“Sustaining a broad portfolio of service lines may no longer be a viable option for hospitals and health systems”. 1 According to HFMA’s recent financial planning newsletter, discussing the viability of a service line can be difficult for healthcare executives, board members and clinical leaders. The article encourages an analysis many metrics that need to […]

When a Healthcare Information Technology leader thinks about sharing data, they may not consider Oracle solutions, but indeed, Healthcare and Life Sciences is one of only five industries designated as strategic to the future of Oracle.  The Oracle Global Business Unit is a true R & D business unit that has invested over 10 billion […]

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 […]

There was a recent article in the NY Times with this title that captures the essence of the current costing discussion.  One-liter IV bags normally contain nine grams of salt, less than two teaspoons. Much of it comes from a major Morton Salt operation in Rittman, Ohio, which uses a subterranean salt deposit formed millions […]

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 […]

Innovation can happen when we don’t expect it.  Big data innovation is yet to be fully realized as more data crosses the internet in a few seconds than was stored in total a few years ago. New job titles like “data scientist” are emerging around the possibilities.  This new job may be the coolest job […]

Healthcare providers are getting pretty good at creating budgets and comparing financial results vs. budgets but just how realistic are these budgets in the first place? Too often enterprise budgets are created with limited insight into the operational data needed to create an accurate picture of the business drivers that affect the financials.   This is […]