Adventist Health Care is a
faith-based organization. We are obviously a
clinically-focused company. At the end of the day,
the needs of our patients trump everything else. It’s actually one of the reasons
why I chose health care finance because it allows me
to use my skillset to benefit the greater good. Something that’s
happening in the market is mergers across the board. Standalone facilities
are just not able to achieve the economies
of scale that are necessary in order to continue to operate. To be financially viable,
we need to keep growing. We were a $4 billion company
in 2016 to a $6 billion company by 2020. We previously operated
our 20 facilities as largely independent. Each would have its
own team of accountants as well as HR professionals. We had separate solutions
for our GL planning, cost accounting, and some
of these legacy systems were over 30 years old. We were struggling with
coordinating the maintenance so that we have consistency
across each of them. We have at least six different
cloud platforms that we’ve implemented at this point. We see the EDMCS as the
fabric that will stitch the hierarchies together. It is really a
benefit to us to be able to move to a single shared
platform with Oracle for all of our different planning,
cost accounting, ERP, HCM, AP all and a single solution. It’s early key to our overall
strategy of one Adventist Health, which is to operate
more as a holistic company as opposed to separate hospitals. As part of our PBCS
implementation, we’ve been able to cut our
budget timeline in half. What was previously a
six-month plus planning cycle within one
year of implementing, we’ve been able to cut
that to under three months. The cloud gave us the ability to
leverage cutting edge software solutions without having
a substantial capital commitment in IT infrastructure,
which getting back to our mission allows
us to free up capital to invest in the
communities we serve.