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Budgeting Accurate Cost of Care at Community Health Network

RFP
Todd WegenerPresented at COLLABORATE16
April 2016
Las Vegas, NV

Session: 10655
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Presented by: Todd Wegener, Grant Thornton and Amy Campbell, Community Health Network

Community Health Network undertook a large Finance transformation in 2015 including implementation of PeopleSoft, Hyperion Financial Management, Hyperion Profitability & Cost Management, Hyperion Planning, Essbase and Oracle Business Intelligence. A Planning driver based model was implemented to reduce the overall cost structure while maintaining quality patient care. Historical fixed and variable costs from HPCM were combined with projected case volumes to determine accurate revenue and optimize cost structures.