Healthcare
| Function: | Products: |
| Revenue and Expense Modeling | Workday Adaptive Planning |
Challenge
A multi-site healthcare organization that provides human services programs at 174 sites provides individualized and compassionate services to people facing challenges with developmental disabilities, mental illness, substance abuse disorders and homelessness. The company has approximately 2,200 employees.
The healthcare organization had a manual, spreadsheet-based process for budgeting, planning, forecasting and reporting. The process impeded long-term budgeting and made forecasting on a strategic level problematic.
Solution
The organization wanted to several big improvements from its Workday Adaptive Planning environment. One key area of focus was a Revenue Expense model. Revelwood built a custom model that enables the organization to create variable models that reveal why certain things happen.
Results
Now they can conduct what-if scenarios such as reducing expenses by a desired margin to see how it would impact the organization’s revenue objectives. This enables them to understand how revenue and expense structures would be impacted by changes at its sites.