News Column

Grant Thornton announces availability of RxCI solution

June 24, 2014



Detailed costing and financials unite to give healthcare administrators the information they need to affect change

CHICAGO--(BUSINESS WIRE)-- Grant Thornton LLP, a Platinum level member of Oracle PartnerNetwork (OPN), today announced the availability of the RxCI (Healthcare Costing Informatics) solution. RxCI is an accelerated solution that can help healthcare providers accurately analyze patient level costs and financial information to produce actionable analytics for more informed business decisions.

Navigating the trends that impact today’s healthcare landscape — factors such as governmental mandates, fluctuating patient volumes, increasing competition, evolving business models and uncertain reimbursement systems — requires more detailed insight into the costs associated with the delivery of high quality care. The Grant Thornton RxCI solution is designed to give providers the ability to create, report, analyze and respond to cost-of-service information from multiple perspectives, compartmentalizing a wealth of clinical data to enable administrators to make meaningful comparisons that result in decisions which positively impact operating results.

A pre-built solution comprising of Oracle Business Intelligence Foundation Suite, Oracle Hyperion Profitability and Cost Management, Oracle Enterprise Healthcare Analytics (EHA) and associated applications, RxCI combines an innovative costing model, integration points, pre-built reports and dashboards and proven methodologies with Grant Thornton’s change management and Healthcare Advisory Services to give healthcare providers actionable information with fast time-to-value.

“The ability to accurately measure the cost of care allows our clients to improve performance, optimize quality and proactively manage their continuum of care under FFS, value based purchasing, bundled payments or population health. The Grant Thornton RxCI helps clients expedite turning detail clinical and cost data into actionable management information,” said Bryan Wiggins, Grant Thornton principal and executive sponsor of the RxCI solution.

“As health systems increasingly move from fee-for-service reimbursement models to shared risk models with increasing requirements for cost transparency, it will be critical for them to understand the real costs of care delivery. We are excited to work with Grant Thornton to offer our customers a flexible patient-level cost accounting solution that helps them understand their actual cost of care and enables them to deliver the best patient outcomes at the lowest possible cost,” said Dave Watson, global vice president, healthcare product strategy, Oracle Health Sciences.

Ideal for health care facilities in excess of 1,000 beds or 1,000 physicians, the RxCI will be generally available on June 22 in conjunction with the Healthcare Financial Management Association’s 2014 National Institute conference in Las Vegas.

About Grant Thornton LLP

Founded in Chicago in 1924, Grant Thornton LLP (Grant Thornton) is the U.S. member firm of Grant Thornton International Ltd, one of the world’s leading organizations of independent audit, tax and advisory firms. In the United States, Grant Thornton has revenues in excess of $1.3 billion and operates 56 offices with more than 500 partners and 6,000 employees. Grant Thornton works with a broad range of dynamic publicly and privately held companies, government agencies, financial institutions, and civic and religious organizations.

“Grant Thornton” refers to Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. Services are delivered by the member firms. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions. Please see GrantThornton.com for further details.

About Oracle PartnerNetwork

Oracle PartnerNetwork (OPN) Specialized is the latest version of Oracle's partner program that provides partners with tools to better develop, sell and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle products and solutions and has evolved to recognize Oracle's growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to differentiate through Specializations. Specializations are achieved through competency development, business results, expertise and proven success. To find out more visit http://www.oracle.com/partners.

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Grant Thornton LLP

Mekaela Kramer, 913.272.2790

mekaela.kramer@us.gt.com


Source: Grant Thornton LLP


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