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To maintain financial agility amid an uncertain regulatory environment requires that healthcare payers deliver timely, accurate financials. Oracle Modern Best Practice for Healthcare Payer—Finance enables you to leverage mobile, social, analytics, and the cloud to quickly catch and resolve potential statutory noncompliance and other variances before the period close. Review daily activities and forecasts to anticipate and remove issues and possible delays. Collaborate, review, and analyze the day's activities via social networks and on mobile devices. Ensure data quality, improve accuracy, and significantly reduce workloads
Automatically post all approved subledger activity to the general ledger to ensure current account balances.
Dashboard-driven processing of alerts for key performance indicators, such as average-cost-per-claim, amount of pending claims, number of claims, and total debt to total assets. Use secure social networks to further research and review.
Automatically revalue, translate, and convert subsidiary balances to corporate currency and chart of accounts.
Secure real-time review, analysis, and interaction on daily financial activities and progress using any mobile device.
Modify and securely share financial plans and forecasts—including cash on hand, five-day forecast, customer growth, and claim trending—in light of the posted daily activity.