Data Sheet

Healthcare Planning
Solution
BUSINESS CHALLENGES

In today’s modern healthcare market there are many business  High Uncertainty – Operational &
Financial
challenges that impact a health systems ability to operate effectively.
Market uncertainty, financial & operational challenges, government  Ability to do Top-down &
Bottom-up Planning
mandates and policy changes, high cost of patient care, nursing and
 Budgets Quickly Lose their
physician shortages, lack of insurance coverage and customer
Usefulness
satisfaction just to name a few. Health systems are being forced to
 Lack of Timely and Flexible
think more strategically about their business. This may take the form Planning & Forecasting Tools
of assessing and modeling uncertainties, being more flexible &
 Lack of Traceability and Visibility
dynamic when it comes planning & forecasting, etc.. These are for Management to Make Key
becoming critical requirements for healthcare providers in order to Decisions
effectively operate in a turbulent healthcare market.  Budgeting Process is Resource
Intensive

Healthcare Planning Solution Features

In the light of these rising demands Oracle has created an Oracle EPM
Healthcare Planning solution which provides best practice modeling Our Solution Supports all Areas of
for strategic scenarios, long term business planning, operational a Modern Healthcare Organization
healthcare planning, workforce planning, financial planning and
forecasting while bringing those same healthcare best practices to the
various methodologies & drivers healthcare organizations require.
The application enables healthcare providers to effectively manage
their business without all the configuration/customization that is
typically required in a one size fits all setup.
The Oracle Healthcare Planning Solution is a one stop for all
enterprise planning needs along with rich, unified and user-friendly
interface. Our planning cloud solution is secure, robust, agile,
accessible anywhere and can be fully integrated with operational HIS
systems. Healthcare providers can also get rapid access to all the new
product features, functionalities along with sophisticated dash
boarding and reporting capabilities. The solution also supports
predictive planning using Monte-Carlo simulations, scenario
modeling providing integrated view of healthcare planning including
vast volumes of clinical, administrative and financial data. The
interactive dashboarding, key KPI metrics and reports provide
management with great visualization and ability to drilldown further
for analysis allowing for enhanced, real-time decision making.
The navigation and design is built using industry best practices and KEY FEATURES

follows a standard healthcare operational planning & forecasting flow:  Strategic Modeling – long range
financial modeling to evaluate
 Volume the impact of opportunities and
threats
 Revenue, Deductions & Reimbursement
 Financials - Fully integrated
 Other Revenue/Deductions financial statement planning
 Operating Expenses (Non-Staffing & Staffing) across the income statement,
balance sheet, and cash flow
 Non-Operating Rev/Exp  Workforce - Financial Workforce
 Capital Planning for compensation
spend by employee and/or job
The solution also supports both top-down and bottom-up planning for code
all areas of the business while leveraging drivers, as well as forecast  Capital - A Capital Asset process
and spread methods for the variable and fixed areas of the plan. for detailed planning on the
impact of new and existing
assets

 Smart View - A powerful Excel

add-in, for ad hoc analysis and
Excel-based interactions with
your plan

 Predictive Planning - Integrated

capabilities that allow you to
create forecasts based on
historical actual data

 IPM Insights - Leverage’s data

science to find trends, anomalies,
forecast bias, or variations that
you might not have found on
your own.
Volume Planning
 Support for hybrid cloud
Our healthcare solution offers the ability to plan for volume at any deployments with deep
level of detail required hospital (entity), service line, cost center, payer integration to on-premise
& physician. systems

Revenue, Deductions & Reimbursement BENEFITS

Our payer reimbursement model leverages historical data to derive  Centralized & Integrated
the forecasted/budgeted reimbursement rates while taking into healthcare planning solution

consideration the various reimbursement methodologies as per best  Best practice planning process
for healthcare considering
practices (per diem, per discharge/visits, % of charge, etc…). It will
vertical specific KPIs & key
automatically calculate other deductions such as bad debts & charity metrics
thereby deriving the net patient service revenue at hospital, cost  What if Scenarios, simulations &
center, service line and payer level. Providers can also analyze the data visualizations
payer mix results at different level.  Constant consideration of
dynamic business changes in
scenario modeling & forecasting.

 Resource Capacity & Operation

planning / modeling

 Interactive predictive analysis to

provide CXOs with a decision
support system

 Helps Management decisions –

Operational / Financial aspects

 Analytical reports & dashboards

to analyze, plan for optimal
patient care strategies
Other Revenue & Deductions
Our other revenue section supports the modeling of additional
volume driven or non-volume driven revenue & deductions (ex. on-
site pharmacy, rental properties, parking lot revenue, etc…).

Operating Expense (Non-Staffing)

The healthcare provider space can be a highly variable business. This
requires a tool that can leverage driver selections and volume
planning to automatically model out the wide variety of variable
expenses such as medical consumables, lab supplies, oxygen & gases,
IV solutions, etc. Our solution provides the ability to define expenses
as either fixed, variable or blended. If variable it leverages a cost per
unit of service along with a variable driver to derive your variable
operating expense budget. The fixed expenses such as rent & utilities
are derived by leveraging historical trends.

Operating Expenses (Staffing)

Healthcare providers lack visibility of future demand for workforce
and also have challenges in terms of calculating workforce plan
considering impact of patient volume growth. The workforce
planning framework includes calculation of FTEs considering
productive units of service at hospital & cost center level. The system
calculates variable FTE considering units of service and fixed FTE
considering standard workforce planning drivers. System also
supports integration with ERP – HCM/ Payroll module to bring in the
wage rates by salary elements and derive the compensation plan
considering adjusted wage rates & benefits.
Non-Operating Revenue/Expenses
The solution is designed to model out non-operating items such as
gains and losses from selling assets, investment & endowment
income, appropriations, grants, etc.. by leveraging historical
performance with the ability to apply inflation factors as well as
manual adjustments.

Capital
The capital framework allows you to create cashflow and funding
plans for investments and leased assets. It also allows you to plan for
new capital assets and take advantage of out-of-the-box calculations
for depreciation and amortization during the lifespan of the asset.
Easily model asset-related expenses such as repairs and insurance.
Automate processes such as retirements, transfers, and
improvements. Plan for new and existing intangible assets, including
amortization and cash flow planning and impairments. Get an overall
capital expense spending analysis, including asset summary reports,
and actual versus plan variances. See the impact on cash flow,
balance sheet, and income statement by asset class and business
unit.
Strategic Modeling
Healthcare organizations can create proactive strategies to move
from current state to desired state by having a to year business
plan with integrated financial statements. Strategic modeling aligns
strategy with operational plan by setting meaningful targets,
performing quick financial impact analysis and presenting focused
financial information for informed decision making.

Improved Healthcare Business Insights for Better Outcomes

The benefits from an integrated view of healthcare data comparing
Actual Vs Forecast Vs Plan at granular level like hospital, cost center,
service lines, payer level are substantial. These inputs can supply
healthcare providers with great visualizations using dashboards that
aids in:
 Actionable insights
 Decision support across operational & financial domains
 Reduced cost and better management of resources
 Accurate results & reporting process

Faster Deployment, Lower Risk and Total Cost of Ownership

Oracle has decades of experience working with multiple healthcare
providers which has contributed to this pre-built healthcare solution
which takes into consideration those best practices that we have
learned along the way. This solution can be leveraged and modified
to meet customer’s unique business requirements. The Oracle
Healthcare solution will provide faster time to value, reduced
implementation timeline and is designed with the end user in mind.
Connect with us

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