Oracle Cloud ERP – Just What The Doctor Ordered for Cornerstone Medical
Cornerstone Healthcare Group, headquartered in Dallas, runs 18 facilities across 6 states, helping a variety of patients handle their long-term healthcare needs. However, when it came time to integrate financial data from a new acquisition, Cornerstone wasn’t sure their own computer systems could handle their long-term business needs.
Cornerstone needed to research, select, implement, and train on a new system…and they needed all the work completed by a firm deadline, no matter what. They needed an IT consultant they could trust.
When running a busy healthcare facility, decision-makers need to act fast at any hour of the day or night, which means they need accurate and reliable real-time insight into all their processes around the clock. Though Cornerstone’s legacy solution had provided them with adequate financial insight in the past, they worried that the aging system wouldn’t be able to handle the complexity of their upcoming acquisition.
Finding a system that’s fit as a fiddle
To find the right replacement, Cornerstone compared multiple applications from multiple vendors. They ultimately decided that Oracle Cloud ERP would be the best fit for their specific needs. “Cornerstone wanted something that had strong reporting, and Oracle provided the best flexibility on that side,” said Paresh Patel, Managing Partner at Centroid. “Centroid was called in to implement the solution.”
Cornerstone Healthcare Group
After an acquisition, Cornerstone required a single system to reliably perform and record all financial transaction, and reporting flexibility was key.
Oracle Cloud ERP with Centroid Integrator
The new ERP easily handles transactions and provides insight into enterprise-wide financial with in-depth, easy to use reporting.
An ounce of prevention…
To set up the new cloud ERP properly, Centroid and Cornerstone spent weeks collaboratively working through accounting processes, step-by-step, so Centroid would clearly understand how the healthcare group handled transactions.
Because Cornerstone faced a tight deadline of September 1, less than 6 months away, this initial work was critical to ensure a smooth go-live.
Reporting was a key component of the project, so Centroid focused on ensuring that the right reports would be ready to go on Day 1 of the go-live. This involved building the reports, connecting disparate data using Centroid’s proprietary cloud integrator and teaching Cornerstone how to use the easy, drag-and-drop system to build their own reports in the future.
The careful planning and preparation paid off, resulting in a seamless go-live that was perfectly on time.
New reporting system gets a clean bill of health
Now Cornerstone is able to gain insight into financial transactions in both the acquisition and the parent company, and as they get used to their new system they’ll be able to reduce the amount of time and energy they put into reporting and processing reports.
Since the go-live, Cornerstone has also enjoyed an unexpected benefit. Though the healthcare group had previously struggled with loosely defined financial and budgeting processes, after the in-depth consultation process with Centroid, the healthcare group was able to standardize their properties and processes. This has helped to speed and streamline their transactions even more.
With better reporting and clearly defined processes, Cornerstone now has the freedom to spend more of their time on what really matters to them: the health of their patients.