My … how times are changing … back to what they once were! I guess it has something to do with living long enough to experience things, but budgeting with Oracle’s exceptional world class platform Hyperion Planning solution is now available in the cloud. This means that both new and existing Hyperion Planning customers of […]
Posts Tagged ‘Hyperion’
Transparency: It’s about the patient
I’ve talked a lot lately about cost vs. quality but this time, I want to talk about why all this is important by telling a little story. A few years ago, I was visiting a CFO for a large academic medical center and he was interrupted for a discussion about a chronically ill international patient […]
Patients Shopping for Quality and Value
Data from a recent study by the Employee Benefit Research Institute shows that individuals enrolled in high-deductible health plans are more likely to behave like consumers and seek data on price and quality before receiving care.1 This, combined with the effects of the Affordable Care Act, where trends are reflecting that more than 80% of […]
Understanding the Value of Care – It’s Not a Guessing Game
Robert S. Kaplan, PhD, writes about improving the “value of care” in this month’s HFMA magazine. “Existing cost measurement systems in healthcare are inadequate. They typically use inaccurate and arbitrary cost allocations and provide little transparency to guide clinician and staff driven efforts to reduce costs and improve processes to enhance outcomes. They also fail […]
The “Secret Sauce” for Financial Transparency
Assembling the data needed to achieve financial transparency is both a technical and political challenge. My recent BLOG In Managing Finance at Hospitals, the Proof is in the Data discusses this in detail. I thought I’d take a moment now to discuss some of the software that combines clinical and financial data for cost management […]
Following the Money Trail: Understanding the True Cost of Care
Healthcare leaders are challenged to understand the true costs associated with providing care. If you ask caregivers to determine their current workflow, they don’t really know where the patient and family go before or after each step of their care so the total care pathway is not in their purview. This is a well-known challenge […]
Using @XWrite vs @XRef Functions
The Situation: Planning 11.1.2.1 Client has two Plan types (Finance & FTE) Detail employee data is held in the FTE cube and summary employee data is held in the Finance cube Requirement: Move data from FTE cube to Finance cube at the summary level as efficiently as possible. Solution: The @XWRITE function does just what […]
Combining Clinical and Financial Data for Cost Management
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 […]
In Managing Finance at Hospitals, the Proof is in the Data
Assembling data is both a technical and political challenge. I’ve been involved with multiple hospitals where the finance and clinical teams never really collaborate and therefore the lenses put on either domain is not terribly realistic. Truly merging and using the data requires clinical and financial leaders to establish trust and shared goals that promote […]
Creating Essbase Data Backups with Data & Time Stamps
Creating Essbase Data Backups with Filename Date & Time Stamps The Situation: Planning 11.1.2.1 Client has 1 application with 3 databases Requirement: Automate a daily backups of the Essbase data for all three cubes at 7am and 7pm. Solution: Used MAXL script to export the data from essbase Batch file to execute MAXL script and […]
Balancing clinical effectiveness with profitability – #HIMSS14
A former boss of mine, who happened to be the CFO of a large academic medical center, used to say the phrase “no margin, no mission” all the time. I’m not sure I really took the time to understand it at that point in time, but I have since then, “grown up”. My understanding of […]
Manage health system costs with insightful analytics – #HIMSS14
Healthcare systems must be able to provide timely and accurate financial information for decision making and planning. Many hospitals and health systems are targeting hefty reductions in their operating budgets to maintain financially viable without interrupting investments in facility, information technology and other areas needed to remain competitive. This cost management culture requires organizations to […]