Simplifying the Business of HealthcareEmpowering Finance with Oracle | Hyperion Financial Data                            ...
Agenda  About the presenters  About the companies  The software  The project
About the presenters
Greg Faulhaber - Emdeon• Director of Financial Reporting• He has more than 15 years of experience in developing,• implemen...
John A. Booth - Emtec• Director of EPM Infrastructure at Emtec• 20 years of experience with Information Technology• Oracle...
Enter Slide Title• .                    6
About the companies
Emdeon                                           www.emdeon.comApproximately 25 years in healthcare information solutions ...
Emdeon                                                                 www.emdeon.com             Providers               ...
Emtec                                                   www.emtecinc.com • Visit us here                                  ...
Our Oracle Expertise • Fusion Middleware • E-Business Suite • OBIEE+ including BI Apps • Hyperion Suite: Financial Managem...
The Software
Where did it start?• 2000 Upstream Weblink begins    – A little fish in a big pond• 2006 acquired by Hyperion    – Hyperio...
Why choose Financial Data Quality Management?• Single data interface reduces complexity of multiple source systems• Accura...
Financial Data Quality Management Architecture                           15
The Emdeon Environment                          Oracle Data Integrator                          11.1.1.5                  ...
The Project
The Project• In April of 2011 Emdeon kicked off a a project to enhance their existing financialsystems which included the ...
Before• Actuals Processing Time (2+ hours)• Heavy involvement from IT to support the data load process• Batch overnight sc...
After• Actuals Processing Time (20 minutes vs 2 hours)• Daily loads do not interrupt usage of system• Essbase cube (100 GB...
Mapping old vs new   SQL Mapping            FDQM Mapping                     21
Thank you for your time!             Greg Faulhaber             Director of Financial Reporting             Office: (615)9...
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Oracle Openworld 2012 - Empowering Finance with Oracle

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Oracle Openworld 2012 - Empowering Finance with Oracle

  1. 1. Simplifying the Business of HealthcareEmpowering Finance with Oracle | Hyperion Financial Data Quality Management Greg Faulhaber and John A. Booth Oracle Open World 2012 October 1, 2012
  2. 2. Agenda About the presenters About the companies The software The project
  3. 3. About the presenters
  4. 4. Greg Faulhaber - Emdeon• Director of Financial Reporting• He has more than 15 years of experience in developing,• implementing and managing business intelligence and external reportingsolutions• Successfully managed and implemented Oracle/Hyperion products within thefinance department with limited IT support 4
  5. 5. John A. Booth - Emtec• Director of EPM Infrastructure at Emtec• 20 years of experience with Information Technology• Oracle Ace specialized in Business Intelligence• Co-author of Developing Essbase Applications:• Advanced Techniques for Finance and• IT Professionals• Contributor to Network 54 and Oracle• Technical Network forums• Owner of Metavero LLC (my blog)• http://www.metavero.com 5
  6. 6. Enter Slide Title• . 6
  7. 7. About the companies
  8. 8. Emdeon www.emdeon.comApproximately 25 years in healthcare information solutions through ourpredecessorsCentral to the U.S. Healthcare System; largest financial and administrativehealthcare information exchangeComprehensive suite of revenue and payment cycle solutionsStable & Visible• Established 20 year+ customer relationships• 6.4 billion transactions• 90-95% recurring revenue / strong free cash flow• Minimal exposure to broader U.S. economic trends• Experienced Management Team 8
  9. 9. Emdeon www.emdeon.com Providers Providers Providers Providers Step 5 Step 3 Step 4a Patient Billing and Step 1 Payment Eligibility and Claims Payment Benefits Step 2 Management Distribution Provider sends aPatients Verification bill to Patient for remaining balance Provider bills the Payer sends Provider verifies Payer for Services payment and the benefits (a.k.a the Claim) remittance Medical available to the information to Treatment Step 4b Payment Patient and/or Provider Distribution ability to pay Payer sendsPatients Explanation of Benefits to Patient Payers Payers Payers Payers 9
  10. 10. Emtec www.emtecinc.com • Visit us here North America – Moscone West #3341 – Hyperion Pavilion • 14 Locations Worldwide • 850 Associates Ottawa Toronto Montreal Kirkland, WA Minneapolis, MN Springfield, NJ • $250MM IT Services Provider Chicago, IL St. Louis, MO Radnor, PA Herndon, VA • Management Team Fremont, CA Suwannee, GA Jacksonville, FL – Growth Oriented – Successful Track Record – Consistent Profitability India • A growing portfolio of services Pune Bangalore 10
  11. 11. Our Oracle Expertise • Fusion Middleware • E-Business Suite • OBIEE+ including BI Apps • Hyperion Suite: Financial Management, Planning, Essbase, Financial Data Quality Management, Financial Close Management & Data Relationship Management • PeopleSoft Enterprise: Human Capital Management, Financials & ESA • Enterprise Tools & Supply Chain Management 11
  12. 12. The Software
  13. 13. Where did it start?• 2000 Upstream Weblink begins – A little fish in a big pond• 2006 acquired by Hyperion – Hyperion gobbles up Upstream• 2007 acquired by Oracle – Oracle catches Hyperion• 2009 ERP Integrator released – The fish is flushed• 2009 August – The fish is back• Future 13
  14. 14. Why choose Financial Data Quality Management?• Single data interface reduces complexity of multiple source systems• Accurate data collection reduces restatement risk• Provides tracking tool for mapping• FDM enables built-in GL integration to remove errors and increase accuracy• FDM map engine will replace the need to use mapping tables for SEC andManagement View reporting• By having all mappings in FDM time to process data is reduced resulting inquicker reporting and reduced close cycle• Automatic audit trails with every data load. Automatically will tie out GL toEssbase for reporting 14
  15. 15. Financial Data Quality Management Architecture 15
  16. 16. The Emdeon Environment Oracle Data Integrator 11.1.1.5 EssbaseOracle E-Business Suite ERP Integrator 11.1.2.1.10211.1 11.1.2.1.501 Classic Financial Data Quality Management 11.1.2.1.501 16
  17. 17. The Project
  18. 18. The Project• In April of 2011 Emdeon kicked off a a project to enhance their existing financialsystems which included the following:• Hyperion Upgrade to 11.1.2.1 (Essbase / FDQM)• Installation of a dedicated development environment• Optimization of 400 GB Essbase Block Storage Database• Oracle Identity Manager for user sign-ins• Source data from Oracle EBS by leveraging Financial Data QualityManagement ERP Integration Adaptor for Oracle Applications 18
  19. 19. Before• Actuals Processing Time (2+ hours)• Heavy involvement from IT to support the data load process• Batch overnight schedule• Daily loads would prevent users from using system• Very large block storage Essbase cube (400 GB for 6 years)• Essbase Native Directory for user sign-ins.• Mapping of EBS to Essbase was managed by SQL statements(updates/inserts) 19
  20. 20. After• Actuals Processing Time (20 minutes vs 2 hours)• Daily loads do not interrupt usage of system• Essbase cube (100 GB for 6 years vs 400 GB)• Direct mapping to EBS using Financial Data Quality Management• Finance reporting team owns and manages data load process; no involvementfrom IT 20
  21. 21. Mapping old vs new SQL Mapping FDQM Mapping 21
  22. 22. Thank you for your time! Greg Faulhaber Director of Financial Reporting Office: (615)932-3151 Email: gfaulhaber@emdeon.com John A. Booth Director EPM Infrastructure Office: (312)216-6920 Email: john.booth@emtecinc.com Twitter: @johnabooth Blog: www.metavero.com Sales: sales@emtecinc.com 22

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