Supply Chain Management. Pressures on reimbursement are requiring providers to cut costs and increase performance, resulting in more scrutiny on the processes and products used to deliver care. Supply chain teams are now expected to play a more strategic role, supporting a variety of initiatives, while still ensuring that routine processes and supply maintenance run smoothly.
Our customers are already doing incredible things using Workday Financial Management as well as Workday Inventory and Workday Procurement to streamline routine procurement processes and bring better management to spend, so they can reduce costs, ensure the right product is available when needed for patient care, and have deeper insights into where money is spent.
As Sandy Cortez, corporate controller at Ernest Health puts it, “We’re focused on understanding changes to our reimbursement and revenue stream, and how we can control costs without compromising patient care.”
“As part of this, we’ve adopted cloud-based systems—like Workday—which not only free up IT resources to focus on other critical areas but also insight into more detailed information, allowing our hospital CFOs and controllers to better identify areas for improvement and cost control,” Cortez added. “This has provided our divisional CFOs greater transparency of information, which has resulted in a better understanding of our challenges and allowed more timely response.”
This year, Workday customers can expect us to continue adding depth to our supply chain management functionality to meet their inventory and procurement needs.
This is a unique time for the healthcare industry. It’s more critical than ever that healthcare providers have systems that change as they change, and provide the insights needed to make more informed decisions on their organizations’ futures. We are dedicated to executing on our vision for healthcare, which includes leveraging a technology foundation built for change, and one that better enables providers to adapt to whatever comes next.
To learn more about why healthcare providers are moving to the cloud and how Workday helps customers prepare for change, visit Workday in booth No. 7653 at HIMSS 2017, Feb. 19-23, in Orlando.