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Modernizing Healthcare Finance: An Integrated Budget Analytics Data Warehouse for Transparency and Performance
Abstract
Managing finances in healthcare insurance has become increasingly complex as medical costs rise and regulations expand. An American nonprofit mutual insurance company responded by creating an integrated Budget Reporting Analytics Data Warehouse that brings together financial records, Oracle Planning and Budgeting Cloud Service modules, staffing data, and operational statistics. Finance teams previously spent hours gathering information from separate databases, but this new platform provides instant access to complete financial pictures. Cloud technology supports the system, handling millions of transactions daily while protecting confidential data through multiple security layers. Analytics range from simple expense tracking to mathematical models that forecast spending patterns based on historical trends and market conditions. Managers evaluate departmental budgets on customizable dashboards, catching overspending early and adjusting allocations as needed. Compliance reporting happens automatically, pulling required data directly from source systems and formatting it according to regulatory specifications. Continuous monitoring identifies suspicious transactions or unexpected cost spikes, triggering alerts to appropriate personnel. The warehouse helps this company comply with transparency rules by generating clear pricing information for members and facilitating new payment structures with medical providers. Beyond solving immediate operational challenges, this technology prepares the organization for future industry changes. Financial data that once lived in isolation now flows seamlessly between departments, supporting faster decisions and better resource management. The Budget Analytics Data Warehouse proposed in this article strengthens this company's financial operations today while building capabilities needed for tomorrow's healthcare marketplace, where efficiency and transparency determine organizational success.
Article information
Journal
Journal of Computer Science and Technology Studies
Volume (Issue)
7 (7)
Pages
567-573
Published
Copyright
Open access

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