Spend Money on Patient Care, Not Administrative Overhead w/ a Methodology to Manage Healthcare Costs

Patients and purchasers of healthcare should be assured that we are using our limited healthcare resources in ways that truly improve the health of the population. Any dollar spent on administrative overhead is a dollar not available for patient care.” Market pressures, combined with increasing healthcare costs, have forced Insurers to place a premium on managing administrative expenses. With evolving complexity of product offerings, understanding product line and market segment costs becomes essential for managing the business. Additionally, compliance requirements imposed by government programs such as the Federal Employee Program, Medicare and CHAMPUS have resulted in a very complex financial application requirement. Traditional cost allocation functions are evolving into a key strategic function of Profitability and Cost Management, transforming data into meaningful and actionable information to be consumed throughout the organization. Profitability and Cost management solutions are driving a key performance metric – the overall profitability of the business. As a strategic solution, profitability and cost management involves defining a methodology linking processes to products, understanding the business drivers, analyzing results, and changing business processes as a result. A Cost Center – Tiered Allocation Methodology – prescriptive approach and accelerator maximizes the time-to-value of Oracle EPM Cloud. In this session, understand the methodology’s sophisticated multi-faceted allocation approach to increase the accuracy and accessibility of cost data and achieve more meaningful, accurate financial output. After watching this webinar, you'll be able to: – Assess your current cost accounting methodology to understand the level of accuracy of your cost data
– Benchmark your organization's cost data and cost accounting methodologies against your peers to identify areas of opportunity for your organization
– Create a roadmap for actions required to advance your methods and processes to ensure your cost accounting approach meets your strategic needs Hosted by Mike Killeen (SVP of Technology at Alithya) and Ross Papparotto (Principal at Information Software Solutions) https://www.youtube.com/watch?v=Eg_0HdHxGDY