Overview
Wyandot Memorial Hospital (WMH) is a progressive community hospital in Upper Sandusky, Ohio. The county’s only hospital aims to serve the residents of Wyandot County and the surrounding areas with the highest quality and care. WMH’s in-house technology has been upgraded consistently. As a result, the hospital has received noteworthy praise for its orthopedics, stroke care, PET/CT scanning, and on-site chemo programs.
In addition to the above programs, WMH also provides an array of 25+ medical services. A few include cardiology, spiritual care, sports care, home health, wellness centers, etc. WMH ensures superior, compassionate healthcare to all its patients, with exceptional care and service for every patient.
Business Challenges
WMH sought a solution that allowed them to gain valuable Financial Planning and Analysis insights instead of creating, preparing, and processing data from everywhere. They wanted to automate all their processes to effectively and efficiently use time and resources.
Why did WMH choose NexInfo?To solve the problem, WMH chose Oracle Cloud Enterprise Performance Management to help the company revamp its Financial Planning and Analysis solution. WMH also chose Nexinfo to help the company cope with inevitable and recurring changes, such as adopting new industry best practices, keeping up with regulations, and moving into new business verticals.
NexInfo helped WMH implement Oracle Cloud EPM using a healthcare starter kit that can automate processes, seamlessly integrate with other systems, and streamline all processes in the hospital unit. WMH believed NexInfo could fulfill their requirements and provide them with what they sought.
How did NexInfo help?
NexInfo helped WMH in the following ways:
- Created a planning application integrating with Workday for Financials and EPIC for Census data
- Made driver-based assumptions by Cost Center with Account variability and multiple forecast & spread methods
- Pre-calculated Baseline budgets for the cost center managers to review and adjust to reach the target quickly
- Improved agility & visibility of the Plans and Schedules
- Automated business process
- Enabled multiple versions to maintain more than one version during budget preparation
- Created Statistics level and cost center level security to segregate the roles and responsibilities
- Built Financial Reports using the primary hierarchy, where the data rollup happens automatically
- Designed Macro-enabled SmartView templates to upload statistics results
Benefits of Implementing Oracle Cloud EPMÂ
WMH successfully reduced the budget preparation duration from 2.5 months to 3 weeks, reducing 50% of manual effort and time. As a result, WMH successfully spent time providing safe and quality medical care with the right automated process in place.
Implementing Oracle Cloud EPM with NexInfo’s help has been a success for Wyandot Memorial Hospital. The hospital has streamlined its budget preparation process, saved time and resources, and gained valuable insights into its operations.
About NexInfo
NexInfo is a leading provider of enterprise performance management (EPM) solutions. The company helps organizations of all sizes improve their financial planning, budgeting, forecasting, and reporting. NexInfo’s solutions are built on Oracle’s EPM Cloud platform, which provides a complete and integrated solution for all EPM needs.
About Oracle Cloud EPMÂ
Oracle Cloud EPM is a complete and integrated solution for all enterprise performance management (EPM) needs. It includes a comprehensive set of financial planning, budgeting, forecasting, reporting, consolidation, and analysis tools. Oracle Cloud EPM is a cloud-based solution that is easy to deploy and use and scalable to meet organizational needs.
- How NexInfo Helped Wyandot Memorial Hospital Streamline Budget Preparation with Oracle Cloud EPM
Wyandot Memorial Hospital (WMH) is a progressive community hospital in Upper Sandusky, Ohio. The hospital was facing several challenges in its budget preparation process, including:
- The process was manual, time-consuming, and inefficient.
- WMH needed to gain valuable insights into its operations.
- WMH must improve the agility and visibility of its plans and schedules.
How Wyandot Memorial Hospital Streamlined Budget Preparation with Oracle Cloud EPM:
Q: What business challenges did WMH face before implementing Oracle Cloud EPM?
A: WMH needed a solution that would allow them to gain valuable Financial Planning and anlaysis insights and automate their processes to effectively and efficiently use time and resources.
Q: Why did WMH choose NexInfo?
A: WMH chose NexInfo because they are a leading provider of EPM solutions and have a deep understanding of the healthcare industry.
Q: How did NexInfo help WMH implement Oracle Cloud EPM?
A: NexInfo helped WMH implement Oracle Cloud EPM using a healthcare starter kit that can automate processes, seamlessly integrate with other systems, and streamline all processes in the hospital unit.
Q: What were the benefits of implementing Oracle Cloud EPM for WMH?
A: WMH successfully reduced the budget preparation duration from 2.5 months to 3 weeks, reducing 50% of manual effort and time. As a result, WMH successfully spent time providing safe and quality medical care with the right and automated process in place.
The implementation of Oracle Cloud EPM has been a success for WMH. The hospital has been able to:
- Automate their budget preparation process, saving them time and resources.
- Gain valuable insights into their operations using Oracle Cloud EPM’s reporting and analytics tools.
- Improve their plans’ and schedules’ agility and visibility using Oracle Cloud EPM’s budgeting and forecasting tools.
WMH chose to implement Oracle Cloud EPM with the help of NexInfo, a leading provider of EPM solutions. Oracle Cloud EPM is a complete and integrated solution for all enterprise performance management (EPM) needs.
NexInfo helped WMH to implement Oracle Cloud EPM using a healthcare starter kit. The healthcare starter kit is a pre-configured solution that includes all the tools and templates for healthcare organizations to start with Oracle Cloud EPM quickly and easily.
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