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 […]
Posts Tagged ‘Enterprise Health Analytics’
Sustaining Hospital Service Lines
“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 […]
Healthcare Integration and Oracle
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 […]
How to Charge $546 for Six Liters of Saltwater
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 […]
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 […]
Small Data for Big Wins
Marc Perlman, Global Vice President of Healthcare and Life Sciences at Oracle, writes about how “small data” is important to solve “big” healthcare problems in HealthCare IT News “HIE Watch” magazine. The full article can be viewed at: http://www.hiewatch.com/perspective/small-data-big-wins-0?goback=%2Egde_4001537_member_257060889 Oracle HIE solutions provide a comprehensive HIE technology stack from hardware and storage infrastructure to databases and […]
An Integrated view of CMS ACO Shared Savings Program Measures
By Lesli Adams, MPA Director, Oracle Healthcare Business Intelligence Claims + Meaningful Use participation + GPRO + Survey = CMS ACO SSP Simple, right? How will your facility approach the December 31, 2013 deadline? Will they cut and paste result sets from 4 or more systems? Hand code at the top level from a screen […]
Deadlines Deadlines, ACO Measures and December 31, 2013!
By Lesli Adams, MPA Director, Oracle Healthcare Business Intelligence Deadlines are looming and organizations are busy trying to reconcile their data sets to their reporting needs. Meaningful Use Stage 1 came and went in 2011. Stage 2 is underway now. But the next cloud on the horizon is the CMS Accountable Care Organization Share […]
The Healthcare Debate is now about Finance
HFMA President and CEO Joe Fifer told healthcare finance professionals last week at ANI: The HFMA National Institute. “People want to know why health care costs what it does and what we’re doing about it,” Fifer said. “We need to move beyond the rhetoric.”1 Fifer went on to say that consumers are fed up with […]
Oracle and Salesforce.com Announce New Strategic Partnership
Today Oracle and Salesforce.com unveiled the forging of a new partnership that will align their cloud operations and provide customers flexible application integrations and rapid low-cost implementations. Both Companies Agree to Integrate Salesforce.com and Oracle Clouds From Oracle OPN Press Release, Redwood Shores, Calif. – June 25, 2013 Salesforce.com [NYSE:CRM] and Oracle [NASDAQ:ORCL] announced today a comprehensive […]
Enhancing Patient Experience through Financial Transparency
The CEOs of three major hospital systems participated in a round table at the recent conference that I attended to discuss how their organizations are working to improve patient experience. One of the topics that emerged is “financial transparency”. All three disclosed that in their facilities, the Chief Financial Officer (CFO) makes regular rounds on […]
The role of a Data Warehouse in the Accountable Care Organization
I read an article recently about the role of analytics within an Accountable Care Organization. This article discussed the need for a longitudinal view of patients using data from the Electronic Medical Record (EMR). Healthcare providers are making better data decisions through uses of EMR technology, but there is more than a “query” involved! Now […]