The financial management of hospitals plays a larger role today in administering the business of healthcare institutions than ever before. The leading aspect is planning for the acquisition of equipment and appropriate the funds (capital) that will allow the institution to run efficiently along with the fiscal responsibility to stay solvent. Hospital financial management, according to the American College of Healthcare Executives, requires some very specific functions. …
Increase Hospital Income – Integrate Your ERP with Sales and Service
Increasing income is a unique part of enterprise resource planning (ERP) systems for hospitals, with regulations and insurance systems in place hospitals must build relationships with doctors offices and other referral agencies as well as the general public in order to increase patients and income. With the understanding of the unique needs hospitals face, a good ERP system, like PeopleSoft, will be …
How Hospitals Can Make Payments Using PeopleSoft ERP
Hospitals are facing increased pressure to operate more efficiently and reduce cost by streamlining their processes for non-purchase order transactions made outside of the Purchasing system. Oracle’s PeopleSoft ERP Payment Request feature supports this effort by creating a self-service option for filing non-purchase order invoices that is scalable and more efficient. Using the Payment Request feature, professionals outside Accounts Payable …
Aim for Success with Proper ERP Planning
ERP is one of the most popular workforce management systems out there. It combines business functions and data in one system shared throughout a company. It has modules to cover everything from supply chain to customer relationship management. The systems are designed to increase the efficiency of business by improving processes and decreasing cost. Although ERP is quickly becoming the backbone of …
Hospital Supplier Management Growth Opportunities
In general, the Supply Chain Management market industry has been gaining in popularity as a process that works. Progress in the supply chain marketplace is changing in that supply chain management as a field of work and study is gaining popularity. Twenty percent of ThomasNet North American Scholarship recipients are choosing supply chain management. The sector that has seen the most growth is in healthcare and specifically …
Hospital Supply Chain ERP Solution
Hospitals are one of the most complex organizations across our nation. The number of moving parts and people is simply astounding. Getting the hospital supply chain right is extremely difficult. However, using an ERP solution like PeopleSoft can facilitate a much smoother supply chain with less hiccups, less waste, more savings and higher patient and staff satisfaction.One of the worst case scenarios is when …
Maintain Diversity with Hospital HR Software
For hospital HR departments, executives and other management positions, diversity is an important part of not only maintaining PR and regulatory policies, but it is an important part of a diverse management team. One of the main issues organizations have with diversity is the amount of benefits and compensation requirements needed in order to attract and hold talented professionals from all walks …
Changes Planned for Oracle’s PeopleSoft
There have been rumors that Oracle doesn’t plan to update PeopleSoft with a new release. This has made some businesses wary but it is based on a lack of understanding about how postmodern ERP technology is evolving. Previous software was a closed system and updates released periodically had a lot of changes all at once. A business could not choose which updates …
Healthcare Reform Initiatives and Hospital Financial Management
These days, the news often carries stories of how state and federal governmental entities are altering the way they pay for citizens’ medical bills. Among the discourse are buzzwords like Medicare, Medicaid, and Obamacare. The frequency of change in healthcare reform implementation has made it more important than ever that hospital financial management be up to date on how these changes affect their financial statements. And …
PeopleSoft Keeps Your Processes in Focus
Whenever a healthcare organization is considering a software implementation, like PeopleSoft ERP, it is extremely important to remember that software is a support mechanism for your hospital’s systems and processes, not a substitution. When preparing an install or dealing with software issues, your software systems must be prepared so that they manage your organizations specific needs and processes. Strategy First, Then PeopleSoft Systems …
