Operations

My colleague, Mark Polly, wrote a post on Perficient’s digital transformation blog that highlighted the current state of digital marketing across various industries, including financial services. An infographic from CMO.com, an Adobe-operated website that offers digital marketing insight for chief marketing officers and senior marketing executives, indicates that digital channels are increasingly influencing product sales […]

TREND #3: DE-MYSTIFYING THE BUDGET PROCESS: PERFORMANCE MANAGEMENT LEADS TO PERFORMANCE IMPROVEMENT Budgets have traditionally been an aggregation of numbers molded into a financial statement to measure margins and then asking business leaders to explain actual-to-budget variances. Healthcare leaders are now building strategies to mature this process into a compilation of metrics that are representative […]

TREND #2: BUDGETS: DAILY, WEEKLY, MONTHLY, ANNUALLY OR CONTINUALLY? Historically, budgets were compiled once per year (if that often) and variance analysis was a monthly activity. Hospitals started looking at multi-year, year-over-year analysis first, then eventually actual-to-budget, reinforcing the variance analysis process once data became more transparent. This led to “re-forecasting” the budget into a […]

Link to Part 1 Link to Part 2 One of our clients’ favorite features of DRM is the ability to configure custom governance rules for their dimensions. Without DRM, many organizations are forced to use manual enforcement coupled with inadequate tools such as Excel, Access, and SQL procedures. Simply maintaining these processes becomes a job […]

In 2015, companies in all industries experienced data security breaches. From Anthem, one of the nation’s leading health benefits companies, to the UCLA Health System, all the way to Hzone, a matchmaking mobile application for HIV positive singles, no company was safe from a data breach. Increasing data privacy and security is a trend that […]

TREND #1. DATA-DRIVEN DECISION MAKING: BUILDING A PARTNERSHIP BETWEEN CLINICAL AND FINANCIAL LEADERS Performance management is a series of business processes to correlate financial and operational data to manage the margin and drive informed business decisions that support sound strategic and tactical planning and execution. Many healthcare organizations are in the midst of a transformation […]

What is that? It is a Java based program, and is used to push data from one HFM application to another HFM application. When will I need it? – Have a need to push data from one HFM application to consolidated application. – Don’t want to create a new automated solution from scratch to solve […]

The next time you call Vanguard, your experience might be very different. One of the world’s largest investment management companies, with more than $3.2 trillion in global assets under management, has implemented voice verification technology. With voice verification, Vanguard can verify your identity simply by the sound of your voice. 

In spite of the push by vendors to move to cloud based applications, many organizations are still installing software in their own data centers. Oracle University offers a couple great classes on the Oracle Hyperion infrastructure, specifically for installation and configuration of Oracle Hyperion Financial Management and Oracle Hyperion Planning.  Both of these classes provide […]

HEALTHCARE PERFORMANCE MANAGEMENT: A POWERFUL TOOL TO CREATE VISIBILITY AND ACCOUNTABILITY THROUGHOUT THE ORGANIZATION Healthcare enterprise performance management (EPM) is a technology-enabled business strategy that is helping to tackle the challenges of the transforming healthcare industry. EPM involves consolidating large amounts of data from various sources, querying and analyzing the data, and putting the results […]

It is no secret that the healthcare industry is in a state of transformation and for good reason. In a recent international study that compared 11 nations on healthcare quality, access, efficiency, and equity, the United States was ranked last among wealthy countries. In other words, in the United States healthcare outcomes do not align […]

Last month, I read an article on the announcement from Apple’s CEO Tim Cook that stated Eli Lilly bought 15,000 iPads. The article, focusing on Apple’s mobility partner program, framed this as big news about Apple. I assume this will also significantly contribute to the Apple and IBM partnership as they build big data and analytics enterprise […]