Page 10 - Community sharp healthcare booklet Final

WORKDAY FOR HEALTHCARE
Key Benefits Workday for Healthcare
• Adapt to an ever-changing
healthcare landscape
• Enhance visibility, he landscape for healthcare providers
standardization and compliance. continues to change dramatically. In-
• Improve efficiency and free up dustry-wide reform and the shift from
time to focus on clinical initiatives Tfee-for-service to value-based reim-
and patient care, bursement have resulted in modified business
• Use a single system for finance, models and widespread consolidation. These
HR, payroll, supply chain, planning changes, along with the importance of finding
and analytics.
the right talent, require healthcare providers to
become more agile, efficient, and adaptable.
Workday Applications

Financial Management Workday gives healthcare providers across the
• Accounting & Finance care continuum the tools to scale to growth,
• Audit and Internal Controls adapt to reform-driven changes, improve opera-
• Management Reporting tional efficiencies, cultivate the right talent, and
• Financial Planning implement new business models and services
• Expenses lines.
• Projects
• Grants Management Designed with direct input from healthcare or-
ganizations, workday delivers industry-specific
Financial Performance capabilities to address the needs of healthcare
Management
• Budgeting, Planning, and Fore- providers, such as managing a diverse clinical
casting and non-clinical workforce, monitoring financial
• Consolidation and Close performance and supporting healthcare supply
• Management Reporting chain requirements.

Supply Chain Management Improve Operational Performance
• Procurement
• Inventory To remain competitive, healthcare organizations
• Strategic Sourcing are placing a higher priority on improving oper-
ational efficiency. By providing a complete pic-
Human Capital Management ture of your business across financials, talent,
• Human Resource Management
• Workforce Planning and operational data, Workday makes it easier
• Recruiting to manage resources, control costs, and steward
• Talent Management better supply management.
• Learning
• Compensation Workday lets you compare operating costs across
• Benefits the entire organization - whether a single entity
• Payroll Management or a network with multiple facilities and loca-
• Time and Absence tions - to find savings and optimization oppor-
tunities and manage your operations holistically.
Analytics
You’ll also gain deeper insight into your supply
chain and other high-spend business areas. This

8 SHARP HEALTHCARE • WORKDAY