Overcoming the Barriers to Effective Project Costing in Hospitals

Hospitals face many challenges when capturing project costs—not the least of which includes disparate systems and processes that often result in incomplete and inaccurate information. Cost pressures and the need to validate all investments have brought increased attention to all “projects” of strategic importance to [...]

By |2019-11-11T12:10:17-05:00July 30th, 2019|Healthcare|

Cost Accounting…how to integrate the Financial System with the Clinical System

Cost Accounting in healthcare via Decision Support has always relied on core clinical systems for revenue, quality, episodic, and statistical variables. Supply and labor cost components via allocation methods from the finance system, however, continue to challenge true service and product line costs of services. Evolving healthcare cost accounting now [...]

By |2019-09-11T09:48:54-05:00October 20th, 2016|Healthcare|

Chart of Accounts (COA) Redesign for Healthcare

Healthcare organizations rarely have “transformational” opportunities, but revisiting the Chart of Accounts (CoA) allows your organization to reassess and enhance your business requirements. Designing a new CoA has the potential for creating more positive, transformative change than other aspects of a modern Enterprise Resource Planning (ERP) system. The CoA is [...]

By |2019-09-11T09:50:13-05:00February 18th, 2016|Healthcare|

Change Management Approach to Achieve Healthcare IT Adoption

Reform-driven “disruptions” or changes continue to impact healthcare’s transparency and cost-control efforts.  Both transparency and cost-control efforts support IT spending, smarter analytics, and expansion of products and service lines beyond traditional partnership models.  Both are also a catalyst for the consolidation of operations and initiatives to transform hospitals into [...]

By |2019-11-11T12:10:54-05:00May 20th, 2015|Healthcare|

Business Intelligence Readiness Assessment

Consider that average office of the Chief Financial Officer is challenged with: Business Intelligence (BI) solutions that are separate and uncoordinated Supporting varying Key Performance Indicators (KPI), business drivers, and calculations across operational and clinical systems Dealing with disjointed “systems of record” reports for the [...]

By |2019-09-11T10:05:45-05:00August 22nd, 2014|Healthcare|

Making the Case for Healthcare Enterprise Integration Strategy

As the average hospital today has almost 850+ mission critical applications, the word “interoperability” has now become synonymous with Enterprise Integration (EI).  EI is the goal of connecting software (read: getting to data) from different vendors’ solutions notwithstanding differences in infrastructure technology and application architecture.  Hospitals must connect all manner [...]

By |2019-09-11T10:07:01-05:00April 4th, 2014|Healthcare|

A New Manager Self-Service Model for Academic Healthcare at UTMB Health

UTMB Health implemented Oracle’s PeopleSoft HCM version 8.9 in 2005 with limited Manager Self-Service (MSS) rolled out using the legacy design and delivered routing capability. It proved difficult to maintain and update, and somewhat inflexible to meet the changing business needs. Gaps in delivered MSS (such as new position request) [...]

By |2019-09-11T10:07:26-05:00February 26th, 2014|Healthcare, Higher Education|

Easing the Pain of Salary Funding Changes at UTMB Health

Universities that have a significant amount of grant funding will usually process a high volume of transactions in Oracle’s PeopleSoft HCM Commitment Accounting module either to set up funding for Payroll Expenses and Encumbrances or for Retroactive Salary Funding Transfers. Funding for Payroll expenses and encumbrances is set up in [...]

By |2019-09-11T10:09:31-05:00February 6th, 2014|Healthcare, Higher Education|

Fixed Asset Management for Healthcare

The goal of this blog is to help you learn about healthcare leading practices for fixed asset management and suggest tips for implementing them in your hospital. These leading practices will help you to seek out potential savings in your fixed asset base and show you how to save [...]

By |2019-09-11T10:09:37-05:00February 5th, 2014|Healthcare|