Healthcare Finance Hospital consolidation, particularly the acquisition of ambulatory facilities, outpatient centers, and physician practices, is resulting in increased consumer costs according to a 2023 report from Georgetown University. In reviewing the laws and regulations of 11 states, as well as 40 qualitative interviews conducted between November 2022 and April 2023, the Georgetown team found that consolidated services result in …
4 Things to Know Before You Pick an SAP Consulting Company
SAP consulting companies provide businesses with the technical support they need. Finding the right one can make a difference in your returns for the long term. Here’s what you need to know before you choose a consulting firm. Look for the right skill sets The SAP product suite covers a lot of ground. You’ll want to make sure the team …
Why You Need IV&V for Any ERP, CRM, HCM, or EHR Project
Powerful software continues to dominate the operations of many businesses. For companies of all kinds, organizational software is at the heart of daily function. Whether it’s to manage supplies or customer contacts, employee records or marketing data, the wide world of database and management software only becomes more powerful – and more common. When implementing any such software, IV&V can …
Is There an ROI for IV&V Service?
IV&V services are a large undertaking – there’s no disputing that. Bringing in an IV&V team involves coordinating departments, establishing goals with stakeholders, and much, much more. It can be disruptive to daily operations (at first), and frankly, it’s going to cost money. So, the question for most companies is obvious: is there enough ROI to justify the costs? The …
Cloud in the HR/HCM Sector
Cloud HCM systems have many uses. Sophisticated software means being able to track and analyze a huge range of information – including data about (and for) employees! HCM systems of all kinds help to reduce costs and improve tracking. Today, we’re looking at the ways HCM helps improve human resources (HR) and human capital management (HCM). Measure and Reward Performance …
Who Implements The Changes as a Result of IV&V Findings?
Over the course of IV&V, the team you employ digs deep to find recommendations and proposed changes. Because IV&V looks at every element of the development process (throughout the project lifecycle), the findings cover a range of topics. After all the reporting, meetings, and planning, however – who actually makes these changes? You may finish the IV&V process with a …
What Is The Typical Cost of IV&V?
There is no simple, one-size-fits-all IV&V program. Because every project is going to be different, it’s difficult to accurately estimate IV&V costs in terms of specific dollar amounts. There are a few ballpark methods that can help people understand the financial undertaking involved with IV&V, but let’s first examine why these costs are tough to calculate. Agile Options Independent evaluation …
What Qualifications Do You Look for in an IV&V Service Provider?
IV&V can be a tricky topic. While many of the same standards are followed regardless of the project, the exact steps taken may be different across varying software or company needs. Searching for an IV&V service provider can be daunting, especially if you don’t know what to expect from the process. To help you navigate this challenging territory, here are …
Who Does The IV&V Team Report To?
Throughout the articles on our blog, we’ve discussed what to expect from IV&V, the ROI it can bring, and even the benefits of the process – but what about management? Once you’ve brought and IV&V team onboard, who do they answer to? As we’ve mentioned before, each IV&V project is going to look a little bit different. Depending on your …
Will IV&V be Done by Internal Team Members or External Services?
Perhaps you’ve heard the term “IV&V” tossed around your company. People talk about how valuable it is, and how critical it can be to successful software development… But how does it actually work? Are you supposed to do it in-house, or bring in an outside team? While your team may be able to perform some of the evaluations of an …
