Supply Chain Best Practice Series: Back Order Vendor Performance

As healthcare systems across the country continue to implement Supply Chain Management “Best Practices,” many are now focusing on their supply chain vendor performance via Key Performance Indicators (KPI). As such, let’s focus on one key operational KPI: Back Orders to illustrate how to leverage your SCM solution. Read more

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 depends on an underlying Data Warehouse (DW). Data Warehouses, in one form or another, have been around for some time now; however, what is new is the idea of an “Enterprise” Data Warehouse (EDW). Read more

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 pervasive throughout both health and departmental systems that drive the business, from transactional systems for managing revenue and expense, to defining and managing budgets, people, and organizational structures, to tracking and managing assets and facilities, and many other areas. Read more

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 consolidation of operations and initiatives to transform hospitals into new delivery models focused on leveraging the hospital’s IT tools and investments. In an effort to address these challenges, healthcare entities are embracing Change Management as the tool to enable the required paradigm shifts. Read more

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 various business and services lines Read more

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 of disparate healthcare applications while accommodating the unique needs of each EMR/EHA and Back-Office solution interface to keep operating and patient data flowing. At the same time, hospital IT is charged with the growing requirement for both Healthcare Information Exchange (HIE) and Accountable Care Organizations (ACO) while meeting Meaningful Use/Quality KPIs and Business Intelligence objectives. All of these initiatives add another layer of complexity that need to be handled in a confident, productive manner. This is where an Enterprise Integration (EI) Strategy comes into play. Read more

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) were met with custom forms to capture data at the source. Integration to core was still limited and required centralized data entry.  Read more

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 the Department Budget tables in Commitment Accounting and can be set up using multiple levels: Read more

Fixed Asset Management for Healthcare

The goal of this blog is to help you learn about healthcare best practices for fixed asset management and suggest tips for implementing them in your hospital. These best practices will help you to seek out potential savings in your fixed asset base and show you how to save time in the process. Key topics covered include:

  • Healthcare Fixed Asset Management Issues
  • Facility Manager (role/considerations)
  • Review prevailing Best Practices Read more

Healthcare Payroll PeopleSoft Best Practice Guide – Part Two of Two

The following Part Two of the Healthcare Payroll PeopleSoft Best Practice Guide reviews the PeopleSoft application features and functionality used in production to determine if these are being utilized optimally. Your review should compare the current production system features (including customizations) against delivered functionality. Read more