Posts Tagged ‘Budgeting’

Are you looking to supplement your Oracle EPM applications with enhanced analytics capabilities? If you find yourself trying to achieve one of the following, this blog post introduces you to a Perficient solution that leverages the Incorta Direct Data Mapping technology. Mash up EPM data with data from other systems like ERP, Sales, etc… Drill […]

Perficient’s corporate performance management (CPM) strategist Tony Coffman provides an overview of the top seven trends shaping the CPM industry in this webinar presented by Perficient and Financial Executives International. From social collaboration, to integrated planning, to zero-based budgeting and more, CPM suites are expanding into domains and business processes formerly managed in the ERP […]

There are several analytical capabilities that Oracle Enterprise Performance Management (EPM) products, whether Hyperion on-premises or Cloud EPM, have to offer. Financial reports and ad-hoc analysis in Excel are all great. However, in general EPM reporting capabilities remain restricted to whatever data you have in EPM. Are you looking to do one or more of […]

Harvard Medical Faculty Physicians at Beth Israel Deaconess Medical Center, Inc., a legacy Oracle Hyperion Planning customer, needed to refine its finance and labor planning models, as well as provide end users a platform that was simpler and more intuitive to use, and that provided a real-time look into their budgeted bottom line throughout the […]

Assembling the vast amounts of data in healthcare is both a technical and political challenge. I’ve worked at or with multiple hospitals where the finance and clinical teams never really collaborate and therefore the lens put on either domain is not terribly realistic. Truly merging and using the data requires organizational transparency and a commitment […]

I recently wrote a blog post called The Value of Care: The Secret Sauce in which I talked about the importance of having transparency of data. Costing is an evolutionary process perhaps starting with one type of procedure, one clinic or one service line or perhaps starting with a hybrid of costing methodology.   The great […]

Healthcare organizations have an increased focus on operational performance. Healthcare Enterprise Performance Management (EPM) creates visibility and accountability throughout the organization to identify financial performance gaps continuously and quickly change course when needed. Embracing data-driven decision-making in a provider setting requires agile thinking to pinpoint and respond to the short- and long-term needs of the […]

Healthcare enterprise performance management (EPM) creates visibility and accountability throughout the organization to identify financial performance gaps continuously, and quickly change course when needed. Embracing data-driven decision-making in a healthcare provider setting requires agile thinking to pinpoint and respond to the short- and long-term needs of the organization. In our latest infographic we we take […]

TREND #6: INNOVATION: MOVEMENT TO THE CLOUD Enterprise performance management solutions are in a period of rapid transformation to the cloud. According to Gartner, the issues driving CFOs to consider the cloud are: Faster Development = Increased ROI: A recent study by Nucleus Research reported that cloud applications deliver 1.7 times the ROI of on […]

TREND #5: VALUE OF CARE: THE SECRET SAUCE Costing is an evolutionary process that begins with one type of procedure, one clinic, or one service line, or perhaps with a hybrid costing methodology. The great news is that technology can help realize the goal of improved costing by allowing for the use of multiple costing […]

TREND #4: FINANCIAL TRANSPARENCY: MODERNIZE YOUR DECISION-SUPPORT SYSTEM As the healthcare industry moves toward value-based payment models and population health management, the need to innovate is paramount when it comes to cost management. Today’s CFO needs a new generation of decision-support technology solutions along with unprecedented access to transactional data to address tough questions across […]

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 […]