Industry-specific planning solutions in Oracle Cloud EPM enable healthcare organizations to enhance insight, optimize planning and forecasting, and improve patient care.Oracle CloudWorld, Las Vegas, Nevada—October 19, 2022
To help healthcare providers improve financial performance and patient care, Oracle is introducing a planning solution for the healthcare industry. Part of Oracle Fusion Cloud Enterprise Performance Management (EPM), the new industry-focused planning solution enables healthcare organizations to quickly model scenarios, determine future demand, optimize resources, and make better financial, workforce, and patient care decisions.
Over the past few years, healthcare organizations have seen huge reductions in demand for elective treatments, skyrocketing demand in emergency rooms, and unprecedented difficulty in workforce scheduling. These challenges have made it extremely difficult for healthcare providers to address the rising cost of care and have resulted in inefficiencies in many health systems.
“Outdated financial systems and processes prevent many healthcare organizations from being able to adapt quickly to operational uncertainties, which impact their ability to manage costs, operate efficiently, and provide the best possible care,” said Matthew Bradley, senior vice president of applications development, Oracle. “With industry-specific planning capabilities in Oracle Cloud EPM, healthcare organizations can embrace best practices and leverage innovative technologies to enhance insight, optimize planning and forecasting, reduce costs, and improve patient care.”
Oracle Cloud EPM solutions for healthcare help hospitals and clinics:
Part of Oracle Fusion Cloud Enterprise Resource Planning (ERP), Oracle Cloud EPM offers a comprehensive set of enterprise performance management capabilities to align financial and operational planning, close the books faster, and manage enterprise master data.
Over 11,000 organizations turn to Oracle Cloud ERP and Oracle Cloud HCM applications to run their businesses. Oracle Cloud ERP offers a comprehensive set of enterprise finance and operations capabilities, including financials, accounting hub, procurement, project management, enterprise performance management, risk management, subscription management, and supply chain management & manufacturing.
To learn more about how Oracle Cloud EPM can help healthcare organizations plan more effectively, go to: oracle.com/performance-management
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