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Oracle Modern Best Practice for Healthcare Payer—Corporate Project Expenditure to Cost Control

Streamline Project Cost Management
Streamline Cost Management of Payer Projects

Corporate Project Expenditure to Cost Control

In today’s competitive marketplace, payer organizations can’t afford project cost overruns. Get costs under control with Oracle Modern Best Practice. Leverage mobile, social, analytics, and the cloud to gain standardized expenditure controls and timely visibility. Capture and account for project costs and commitments from across applications and third-party integrations. Automate cost allocations. Spot and address cost issues early with up-to-date comparisons of actual versus budgeted costs.


Capture Project Costs
Mobile. Analytics. Social. icon Mobile. Analytics. Social.

Capture Project Costs

Standardize and automate cost collection for all project-related expenditures using transaction and budgetary controls.


Process Project Cost Transactions
Analytics. icon Analytics.

Process Project Cost Transactions

Streamline import, validation, pricing of project costs from multiple sources. Perform borrowed and lent processing for cross-charges.


Distribute Overhead Costs
Analytics. Social. icon Analytics. Social.

Distribute Overhead Costs

Apply buildup of indirect costs to expenditure items to report and account for the total cost of a project.


Determine Project Issues
Mobile. Analytics. Social. icon Mobile. Analytics. Social.

Review and Adjust Project Costs

Compare budgets with actual costs. Analyze account activity and reconcile balances. Perform adjustments online to recalculate or transfer costs.


Record Accounting for Project Costs
Analytics. icon Analytics.

Record Accounting for Project Costs

Generate and post accounting entries for direct costs, indirect costs, borrowed or lent costs, adjustments, allocations, and accruals.


Record Capital Asset Costs (Optional)
Analytics. Social. icon Analytics. Social.

Record Capital Asset Costs (Optional)

Record capital and retirement costs, such as construction-in-progress, removal cost, and proceeds from sale against assets. Calculate simple or compound capital interest.


Allocate Project Costs (Optional)
Analytics. icon Analytics.

Allocate Project Costs (Optional)

Allocate overhead costs, such as salaries, administrative overhead, and equipment charges to projects that benefited from the costs.


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