oracle openworld 2012 - empowering finance with oracle

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: 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