Oracle EPM Cloud for Midsize Customers
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- Brookdale University Hospital and Medical Center implemented Oracle's Planning and Budgeting Cloud Service (PBCS) to replace their complex Excel-based budgeting process and enable monthly actual-to-budget reporting for variance analysis. The implementation was handled internally by Brookdale's finance team and provided improved transparency, accountability, and self-sufficiency for end users. Initial benefits included replacing manual processes, providing enterprise-wide reporting capabilities, and delivering a foundation for future enhancements.
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Oracle EPM Cloud for Midsize Customers
- 1. Celebrating twenty years of Integrated Business Analytics Solutions ENTERPRISE PERFORMANCE MANAGEMENT | BUSINESS INTELLIGENCE | BIG DATA
- 2. ENTERPRISE PERFORMANCE MANAGEMENT | BUSINESS INTELLIGENCE | BIG DATA Cloud Showcase: Brookdale University Hospital and Medical Center
- 3. Agenda • Speaker and Customer Introductions • Business Background • Business Challenges • Project Mandate and Goals/Why PBCS • Implementation Approach • Current Status/Phase I Benefits • Project Timeline • Next Steps • Closing and Q&A
- 4. • DollyAnn Yorke – Vice President, Budget and Reimbursement 4 years with Brookdale Hospital Medical Center 21 years in Healthcare Budget, Reimbursement, Financial Planning and Chargemaster Cherisse Worlds – Healthcare Lead 2.5+ Years with Edgewater Ranzal 17+ Years in Healthcare Industry Experience/9+ Years working with the Oracle/Hyperion Technology Certified in Business Intelligence and Analytics with implementation experience in various areas of healthcare including budget and forecasting, productivity, statistics, and costing. Focused on Developing Foundation/Accelerated Solutions for Providers and Payers Speaker Introductions
- 5. • The Brookdale Hospital Medical Center is a nonprofit 501(c)(3) medical services provider that is a critical part of the healthcare delivery system in the borough of Brooklyn, in New York City. • Opened in 1921 as a single facility with basic healthcare capability. • During the last 95 years Brookdale has become a full-service teaching hospital campus including: inpatient care, ambulatory care, long-term care, senior living, and emergency medicine. • 530 certified acute-care beds Customer Introductions
- 6. • Large presence of excel models to facilitate budget • Data transparency • Accountability and Ownership • End-user self-sufficiency • Time and effort • Reporting Business Challenges
- 7. • Replace the Brookdale existing excel Budgeting process and add the capability of actual monthly reporting for variance analysis. • Simplify the budget process with the goal to shorten the timeline • Implement a system that was transparent across the organization, uses standardized budget assumptions, and simultaneously enables budget change tracking • Implement a system that is intuitive and user-friendly • Provide a system that Brookdale can build upon in the future – a system that the administration team can make changes to and modify on their own using out of the box functionality with little to no IT involvement Project Mandate and Goals/Why PBCS
- 8. • Little to no IT involvement for initial rollout • Finance team handled updating dimensionality and loading data • Rollout to roughly 80 users • Budget and some operation reporting was created for more Enterprise type reporting • Brookdale already looking forward based on initial use of system and what they can do next Implementation Approach PBCS
- 9. • Planning solution that delivered the means to plan Operational/Labor expenses and Revenue based replacing complex excel spreadsheet models and manual process • Cloud based planning system • Delivery flexibility • Data transparency • Positive End User Acceptance • Enterprise wide reporting system: • Actual to Budget reporting analysis • End-user adhoc reporting • Monthly Operating Packages Current Status/Phase I Benefits
- 10. Project Timeline Analysis & Design • Aug 30 – Sep 13 Build • Sep 13 – Nov 8 Test • Nov 15 – Nov 29 Rollout • Nov 29 – Dec 06 Go-Live Support • Dec 6 – Dec 20
- 11. Team Composition Executive Sponsor CFO VP, Budget & Reimbursement HC Lead Remote PBCS Consultant Financial Analyst Finance Manager HC Practice Director Asst. Director Reimbursement Steering Committee Accounting, Operations
- 12. • Continued Budget Enhancements • Refine Labor Process • Expand End-User Ownership • Continued Reporting Enhancements • Full Implementation of Monthly Reporting Packages • Monthly Budget Variance Analysis and Justifications • Service Line Analytics with EPIC Integration Next Steps
- 13. Questions? Dolly Ann Yorke, Vice President, Budget & Reimbursement , Brookdale [email protected] Cherisse Worlds, Healthcare Lead, EP&A Practice, Edgewater Ranzal [email protected]
- 14. 6 Conference Sessions. 3 Lunches. 1 Happy Hour! Join Us. − LUNCH N LEARNS @ the Thirsty Bear, 11:45-1:00 pm − Mon: Cloud Showcase Featuring Universal Health Services and Brookdale Hospital − Tues: MasterCard Worldwide Drives Performance Using Oracle HPCM − Wed: Terumo Medical: Integrated Business Analytics at its Best! − Register for Lunches or Tuesday night Happy Hour @Southside Spirit House @[email protected]. − RANZAL KIOSK, Moscone West, 3rd Floor We're giving away Apple watches and TVs, wireless headphones, Bluetooth speakers, and much more! Receive an entry every time we see you - sessions, lunches, happy hour, and at our EPM kiosk #10 − CONFERENCE SESSIONS − Universal Health Services Presents: Monday, 9/19, 1:45pm - 2:30pm, Moscone West - 3018 Oracle Enterprise Performance Management on Premise and in the Cloud: Taking a Hybrid Approach − MasterCard Presents: Monday, 9/19, 3:00pm - 3:45pm, Moscone West - 3020 Customers Present - Profitability and Cost Management − Ranzal Presents: Wednesday, 9/21, 11:00am, Moscone West - 3rd Floor Understanding Cloud Strategies: On Premise, Cloud, and the Hybrid Approach − TransRE Presents: Thursday, 9/22, 9:30am - 10:15am, Moscone West - 3020 Introduction and Update: Oracle Hyperion Financial Close Suite − Brookdale Hospital Presents: Thursday, 9/22, 1:15pm - 2:00pm, Moscone West - 3018 Brookdale Hospital's Journey to the Cloud − PPG Industries & Trinity Health Presents: Thursday, 9/22, 1:15pm - 2:00pm, Moscone West - 3024 Customers Present - PPG Industries Simplifies with DRM
Editor's Notes
- #7: Large presence of excel models to facilitate budget Data integrity Difficult to manage Data transparency Real-time budget information Budget change communication Accountability and ownership “Finance” budget Audit Trail End-user self-sufficiency Reporting tools Time and effort Over burden IT team Burden of the budget falls on the finance team Reporting No formal enterprise reporting tool