I am often asked which HFM services should be running in a given Oracle EPM environment. Below are descriptions taken from the Oracle installation documentation for each of the four HFM services. The last column depicts when these services should be running. Service Name Service Display Name Description Requirement Hyperion S9 Financial Management Service Hyperion […]
Posts Tagged ‘enterprise performance management’
Hyperion Financial Management Learning Path
As promised, here is the breakdown of the first learning path. It is good to know that with each product offered, there is a specific curriculum specified for the Business User, the Administrator and IT Support personnel. Business User Business users perform value-added analysis, report on new sources of profitability and cash flow at all […]
Learn Oracle at the Oracle Education Facility
The Oracle Education department has made some changes this year. We have installed 34 machines with dual monitors for our students. So far, Perficient Inc. is the only Oracle Education Facility in Texas which offers this convenience for students being able to work with their eKit and programs running side by side. Our intensive, hands-on […]
What I Learned at Oracle Open World, #OOW13
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 Models for Healthcare Reform
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 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 […]
Hyperion Healthcare Starter Kit: Changing the Game
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 […]
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 […]
Capacity Planning in Provider Organizations
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 […]
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 […]