Almana Hospitals Success Story

ADQ Reduced consolidation time by 40%, leading to faster financial reporting cycles

Success Story | Almana Hospitals

Almanae Hospital Got 25% Increase in Patient Care Efficiency with Oracle EPM

Company

Almana Hospitals

Location

KSA

Employees

500+ Employees

Linkedin

Almana Hospitals

Industry

Healthcare

PerformDay Solution

Oracle EPM

About Almana Hospitals

The Almana Group of Hospitals, the largest healthcare provider in the Eastern Province, has over seventy years of experience. Renowned for excellent care, the group offers advanced diagnostic and therapeutic services across various specialties. Hospitals in Khobar, Dammam, Jubail, and Hofuf utilize state-of-the-art technology to meet international standards. Committed to serving the community, the group ensures proximity to patients, promotes public health, and provides dignified, high-quality care.

Business Situation

Over recent years, Almana Hospital has encountered significant challenges:

Fluctuating Demand: There has been a substantial decrease in elective treatments alongside a dramatic surge in emergency room visits.
Workforce Scheduling: The unpredictability in patient inflows has made workforce scheduling exceptionally challenging.
Cost Management: Rising healthcare costs coupled with inefficiencies have strained the hospital’s financial performance.
Outdated Systems: Legacy financial systems have hindered the hospital’s ability to adapt quickly to operational uncertainties, affecting cost management and care quality.

Solution

Oracle’s industry-specific planning solutions in Oracle Cloud EPM address Almana’s challenges through the following modules:

Financials Planning:
- - Centralized Planning: Supports comprehensive financial planning across income statements, balance sheets, and cash flow using healthcare-specific best practices.
  - Improved Insights: Integrates with operational health systems for accurate, unified insights.
- Workforce Planning:
  - Optimized Staffing: Predicts demand for healthcare staff to ensure adequate staffing levels.
  - Efficiency Gains: Aligns staff and services to enhance efficiency and patient care.
- Capital Asset Planning:
  - Cost Management: Controls costs and mitigates risks related to new and existing assets.
  - Improved Care: Allocates resources effectively to enhance patient care quality.
- Strategic Modeling:
  - Future Demand Forecasting: Enables anticipation and management of patient demand.
  - Financial Visibility: Increases visibility into costs and profitability, aiding strategic alignment.
- Planning and Budgeting: 40% improvement in operational efficiency and budget accuracy

Results

By embracing Oracle Cloud EPM solutions, Almana Hospitals will achieve significant improvements:

- Enhanced Decision Making: Leveraging new performance management capabilities to uncover trends, anomalies, and forecast biases, leading to a 20% increase in informed decision-making efficiency.
- Cost Efficiency: Better financial management and cost control through precise capital and financial planning, resulting in a 15% reduction in operational costs.
- Operational Optimization: Streamlined operations with improved workforce planning and resource allocation, reducing inefficiencies by 25% and enhancing patient care.
- Future-Ready: Improved capability to predict and prepare for future demands, ensuring sustained quality care amidst changing patient needs, with a 30% increase in demand forecasting accuracy.