oracle openworld 2012 - empowering finance with oracle
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TRANSCRIPT
Simplifying the Business of Healthcare
Empowering Finance with Oracle | Hyperion Financial Data Quality Management
Greg Faulhaber and John A. Booth Oracle Open World 2012
October 1, 2012
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, • implementing and managing business intelligence and external reporting solutions
• Successfully managed and implemented Oracle/Hyperion products within the finance department with limited IT support
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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
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Enter Slide Title
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About the companies
Emdeon www.emdeon.com
Approximately 25 years in healthcare information solutions through our predecessors Central to the U.S. Healthcare System; largest financial and administrative healthcare information exchange Comprehensive suite of revenue and payment cycle solutions Stable & 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
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Emdeon www.emdeon.com
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Providers
Patients
Payers
Patients
Providers
Payers
Providers
Payers
Providers
Payers
Step 1 Eligibility and
Benefits Verification
Provider verifies
the benefits available to the Patient and/or ability to pay
Step 3 Claims
Management
Provider bills the Payer for Services (a.k.a the Claim)
Step 4a Payment
Distribution
Payer sends payment and remittance
information to Provider
Step 5 Patient Billing and
Payment
Provider sends a bill to Patient for
remaining balance
Step 4b Payment Distribution
Payer sends Explanation of
Benefits to Patient
Medical Treatment
Step 2
Montreal Springfield, NJ
Jacksonville, FL Suwannee, GA
Radnor, PA St. Louis, MO
Fremont, CA
Ottawa
Minneapolis, MN
Emtec www.emtecinc.com
• Visit us here – Moscone West #3341 – Hyperion Pavilion
• 14 Locations Worldwide • 850 Associates • $250MM IT Services Provider • Management Team
– Growth Oriented – Successful Track Record – Consistent Profitability
• A growing portfolio of services
Toronto
Herndon, VA
Chicago, IL
North America
India
Bangalore
Pune
Kirkland, WA
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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
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The Software
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
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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 and Management View reporting • By having all mappings in FDM time to process data is reduced resulting in quicker reporting and reduced close cycle • Automatic audit trails with every data load. Automatically will tie out GL to Essbase for reporting
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Financial Data Quality Management Architecture
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The Emdeon Environment
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Essbase 11.1.2.1.102
Oracle Data Integrator 11.1.1.5
ERP Integrator 11.1.2.1.501
Classic Financial Data Quality Management 11.1.2.1.501
Oracle E-Business Suite 11.1
The Project
The Project
• In April of 2011 Emdeon kicked off a a project to enhance their existing financial systems 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 Quality Management ERP Integration Adaptor for Oracle Applications
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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)
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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 involvement from IT
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Mapping old vs new
SQL Mapping FDQM Mapping
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Thank you for your time!
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Greg Faulhaber Director of Financial Reporting Office: (615)932-3151 Email: [email protected] John A. Booth Director EPM Infrastructure Office: (312)216-6920 Email: [email protected] Twitter: @johnabooth Blog: www.metavero.com Sales: [email protected]