Harnessing IT for Efficiency in Finance Operations
Care Process & Redesign
Technology
Singapore Healthcare Management Congress
SingHealth
31 December 2018
Automate manual data tracking and reporting for 27 cost centers to improve productivity and efficiency. Improved financial operations and oversight with enhanced productivity and environmental benefits.
Year Submitted: 2018
Published Date: 31 December 2018
Tags: Technology, Care Process ＆ Redesign, Digitalisation, Automation, Financial Services/FinTech, Digital Platforms, Operational Management, Financial Management, Productivity, Manhour Saving, Cost Saving, Quality Improvement, Workflow Redesign
About this Content
Aims
Automate manual data tracking and reporting for 27 cost centers to improve productivity and efficiency.
Background
The manual process for tracking operating expenses was tedious, error-prone, and wasteful, requiring transcription into Excel.
Methods
Collaborated with IHIS to develop automated monthly reports, reducing manual transcription with an MS Access database.
Results
Reduced manual processing time from 480 minutes to 60 minutes monthly, saving 84 man-hours annually. Enhanced management oversight and eliminated printing waste.
Conclusion
Improved financial operations and oversight with enhanced productivity and environmental benefits.
Lessons Learnt
Automation saves time, reduces errors, and supports sustainability.
Additional Information
Singapore Healthcare Management 2018 – Highlighted Innovation in Finance Operations.
Keywords
Technology & Automation, Productivity, Process Improvement, Finance, Cost Saving.
Innovators' Details
Innovators' Details
Healthcare Cluster(s) | SingHealth |
Organization(s) Involved | SingHealth Academy |
Platform(s) | Singapore Healthcare Management Congress |
Healthcare Professional Group(s) | Healthcare Administration |
Applicable Specialty or Discipline | Healthcare Administrators |
Project Lead(s) | Alice Tan Li See |
Project Member(s) | Samad Bin As'ad |
Connect with this contributor!
Alice Tan Li See - alice.tan.l.s@singhealth.com.sg
Project Attachment
SHM_FN001_SingHealth_Harnessing_IT_for_Efficiency_in_Finance_Operations_combine.pdf