Concerto Health is a medical group that provides specialized primary care to vulnerable patient populations. Concerto Health partners with health plans to move their network providers along the value-based continuum.
Concerto Health had an excel based reporting and planning solution. The major problem with this type of solution is the time consuming nature of report generation and the complexity of the spreadsheet models. Concerto FP&A spent 90% of their time on report generation and 10% of their time on report analysis.
Oracle's Planning and Budgeting Cloud Service (PBCS). Now Concerto's FP&A team spend 10% of their time on report generation and 90% of the time on report analysis.
In future phases Concerto are planning to do full driver based budgeting and forecasting for Income Statement, Balance Sheet, Workforce and Capex.