Oracle Modern Best Practice for Healthcare Provider—Asset Acquisition to Retirement

Maximize Provider Assets for Improved ROI
Maximize Provider Assets for Improved ROI

Asset Acquisition to Retirement

To reduce costs, healthcare providers are in greater pursuit of affiliations, merger partners, and acquisition targets. With Oracle Modern Best Practice, you can leverage mobile, social, and analytics to gain tighter control of your asset management lifecycle and accurately align budgets with actual costs. Quickly acquire assets and easily calculate depreciation with rule–based assignments to departments, such as medsurge and emergency. Collaborate with dispersed organizations through web-based applications to finalize asset activities and transfer data to the general ledger. Take advantage of the cloud for an easy and secure platform to manage asset acquisition, deployment, depreciation, retirement, and reinstatement.


Acquire Assets
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Acquire Assets

Record all capital asset acquisitions at all locations through purchases, such as DME, furniture and fixtures, other equipment. Record asset acquisition projects and contracts, such as construction and grants. Enforce the capital plan during the purchasing process with full transparency. Use secure social networks to communicate about open issues, questions, and approvals.


Recognize, Register, and Assign Amortization
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Recognize, Register, and Assign Amortization

Automatically recognize assets at purchase. Use a preconfigured dashboard to register assets into service and define useful life. Automate asset depreciation calculations and use predefined rules to assign assets to departments, such as medsurge, emergency, gastroenterology, and cost center(s).



De-recognition and Disposal
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Derecognition and Disposal

In compliance with accounting principles, manage valuations, disposals, and retirements for assets, such as IV pumps and surgery beds.



Manage Asset Insights
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Manage Asset Insights

Use a secure, role-based dashboard to centrally manage and monitor assets for all locations. Manage alerts, reassignments, and period close.


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