The world of healthcare advances every day. New techniques and treatments developed through research open doors to better care for patients. Managing these advances is an important facet of quality medical care. Hospitals nationwide find Oracle PeopleSoft Human Capital Management a valuable tool to assist their Human Resources departments. Oracle’s continual commitment to innovation matches the needs of the developing healthcare industry. …
Cut Hospital Support Costs through Proper ERP Optimization
Many times, hospital support costs are a gray variable in otherwise smooth operations and financial management of hospitals. Support services are a needed part of quality health offerings, but complicated business relationships, reporting and regulation requirements, and different constituents reduce the positive impact of hospital support services. While the issues involved in information and systems management between a hospital and its support …
Better Hospital Supplier Management through Real-Time Feature
Streamlined hospital supplier management doesn’t just improve operational efficiency, it also ensures patient need is first priority. PeopleSoft automates hospital supplier management processes, securing inventories that don’t suffer stock outages at crucial times. This is largely due to a real-time inventory management feature that keeps providers up-to-date with supply chain management action as things happen. As of 2015, 45% of vendors place …
The Role of Hospital Financial Management in Cost Reduction
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. …
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 …
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 …
ERP Not Working? 3 Reasons why, and how to correct them.
ERP systems are important for any business to manage growth, and keep abreast of political, technological, environmental and industrial changes. For many hospitals, their ERP systems create problems which prevent adequate growth and management if not addressed. Three areas your ERP implementation could be costing you money are: employee dissatisfaction, no process review, and the wrong system. Employee Dissatisfaction Employees are …
The Future of Hospital Supply Chain Management in 2015
According to reports from The Health Industry Distributor Thought Leaders Initiative, healthcare providers are expecting cuts in reimbursements during 2015 that will reduce operating margins by up to 30%. This can significantly impact profitability and their ability to sustain and grow in the future. With this challenge, hospital supply chain management will have to factor in new ways in which they can continue to provide quality products for patient care and come up with …
