We can help you in providing a reliable and common platform for clinical and operational analytics using oracles business intelligence and analytic solutions.The presence of common definitions, Key Performance Indicators (KPIs)and integrative tools across the organization help executives make informed strategicdecisions and communicate more effectively with departmental lines of business. Now a days Healthcare organizations are required to keep up with information and technology, various reforms, policies, regulatory, reporting and compliance demands.
The new healthcare reform legislation requires healthcare Insurers to provide detailed reporting on their Medical Loss Ratio. These new regulations created a complex level of uncertainty in Healthcare industry. In order to maintain these compliance and regulatory demands the healthcare industry needs to implement effective and more efficient processes that give them an overview of their facilities or providers operating costs , profitability, cash reserves,revenue in order to meet growing demands.
With this overabundance of data, organizations – more specifically, hospitals – need to be able to hone in on a select few (dozen) measures across the key domains: patient care (operations) and administrative (financial, supply chain, human resources).
Hyperion Profitability and Cost management , Hyperion Project Financial Planning and Hyperion Healtch Care Management are few such tools from Oracle that could help you achieve that.
#HYPERION PROFITABILITY AND COST MANAGEMENT
Nomencalture can help you discover drivers that provide actionable insights into your costs and profitability with Oracles HPCM solution. HPCM makes hierarchy and dimension managemnt easier with a robust business user driven modeling and reporting via a flexible allocaiton platform that uses tracebility maps. We can help you with its user friendly business rules engine that has multi dimensional calculation capabilities that easily integrate with other performance management applicaitons. This way you can identify and gain confidence in sources and attributes that help you accurately allocate costs with a flexible allocation engine.This in-turn will help you strategically allocate resources with accurate profitability and cost information which improves marketing through customer segmentation.
"Enable management best practices by leveraging profitability as a performance metric."
However if there appears to be discrepency in aligning your companys financial and project plans then Hyperion project financial planning might be the right solution for you.
Client Background: Healthcare Provider
Client Business Need: A system that could help them track their 75+ odd local and international facilties capital , budget and forecast and report on them accordingly.
The Solution: Helped the client replace their existing legacy capital reporting enterprise system with Hyperion Project Financial Planning that provided them with a solution to track their business units / facilties capital, budgets and forecasts.
Benefits: This resulted in a customized and centrally optimized planning application that included operational items like custom dimensions , calculations , business rules , task lists data entry forms to support the following processes:
We can help you with Healthcare Analytics and Other Business Intelligence implementations.
Contact us at info@nomenclaturecorp.com
