As costs continue to rise, capital assets have an even greater impact on a healthcare payer’s long-term success. With Oracle Modern Best Practice for Healthcare Payer—Finance, you can gain more control of your asset management lifecycle by leveraging mobile, social, and analytics. Monitor and interact with your dispersed organizations through web-based applications to finalize asset activities and transfer data to general ledger. Take advantage of the cloud for an easy platform to securely collaborate on asset acquisition, deployment, depreciation, retirement, and reinstatement.
Record all capital asset acquisitions at all locations through purchases, projects, and contracts. Use secure social networks to interact on open issues, questions, and approvals.
Automatically recognize assets at purchase. Use a preconfigured dashboard to register assets into service and define useful life and tax value.
Automate asset depreciation calculation and assignment to cost centers, according to predefined rules. Track depreciation, tax breaks, and deferrals automatically.
Manage valuations, disposals, derecognition, and retirements in compliance with Statutory Accounting Principles.
Use secure, role-based dashboards to centrally manage and monitor assets for all locations. Manage all alerts, reassignments, and period close.