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 …
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 …
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 …
Increase Organizational Efficiency with Proper Enterprise Resource Planning
Enterprise resource planning has taken on a whole new meaning with software and information systems created to manage the entirety of hospital resources. Enterprise Resource Planning software (ERP) is designed to integrate with an organization’s systems, hardware, patient relationship management, supply chain management and more. It should increase organizational efficiency, not create a hindrance. Proper Planning Although technology has made leaps …
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 …
Creating an Effective Hospital Supply Chain
In the provision of quality service, a hospital needs a supply chain that merges logistic and purchasing operations of clinical elements. Attaining this objective is not always easy. A well-integrated hospital supply chain incorporates all relevant parties in and around the hospital into its process, including clinicians, finance, clinical outcomes, executive leaders, physicians and others, in other to achieve optimal success. When creating …
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 …
