Leveraging technology to keep up with legislative, financial and compliance requirements
Aged care in Australia, as an industry, is highly regulated and is undergoing a period of substantial change with increasingly complicated financial requirements.
Running a successful aged care services organization like Eldercare requires a system to have the ability to adapt to varied funding structures, offer flexible financial reporting capabilities, meet the industry's extensive financial compliance and governance requirements and facilitate Medicare claims and rebates.
Aged care providers like Eldercare need a modern technology solution in place to help manage all of that effectively.
“We needed a new system with strong functionality around client management, client reporting and client billing and we wanted it to be ready to go and sufficient for our needs right out of the box, without requiring a lot of customization,” said Scott Morgan, corporate services executive for Eldercare.
“We wanted to be able to manage the system ourselves after the implementation without requiring ongoing consulting and maintenance services from the vendor. It was important to us that the technology enabled us to implement and manage business process improvements and gave us the ability to write our own reports,” stated Morgan.
Eldercare sought a solution that would provide capabilities for immediate aged care legislative compliance and also offer a foundation for future changes.
The solution also needed to be fully integrated with Eldercare's chosen clinical care system as well as its financial applications for general ledger and cash management.
Choosing a locally developed and supported technology solution
Epicor SLS (Senior Living Solutions) is designed, developed and supported in Australia by local developers with local knowledge of legislation, regulations and the financial management requirements of Australian aged care organizations.
Eldercare was attracted to Epicor SLS because it is easy to use, especially in the areas of client billing and client management, and offers a fully integrated financial suite of products.
Overall, it is a more sophisticated solution than Eldercare's previous system; therefore it is better able to handle its multifaceted billing scenarios and compliance requirements.
The solution from Epicor, designed specifically for the aged care sector, gave Eldercare the capacity to effectively and efficiently meet all of its current legislative requirements and complete all the necessary compliance reports. It also integrates with other key systems.
“We found that the Epicor staff had strong project management and technical skills. Also, they knew our aged care sector really well, so that meant the project ran smoothly. The knowledge of the Epicor staff helped build a strong rapport with our staff,” said Morgan.
“Another important factor for us was that Epicor SLS catered to our requirements as a standard product,” said Morgan, “and it provided the tools and framework for Eldercare to internally implement and manage our own ongoing business process improvements and reporting requirements.”
A model customer and a successful rollout
Eldercare credits following the Epicor Signature implementation methodology with allowing its team to be flexible and still implement and deliver key milestones without adversely impacting its daily activities.
“The Epicor professional services team is proficient in project management,” said Morgan. “The Epicor SLS consultant assigned to us during implementation was thorough and well versed with the aged care legislation and at the same time had a comprehensive technical and working knowledge of the technology solution.”
Epicor showed Eldercare the best way to deploy the technology solution to get maximum value from its investment and Eldercare got involved, learned how to use the system and approached it with an ownership mentality. Like all Epicor customers, Eldercare knows its business best and-with support-can apply that knowledge of its business needs and an understanding of the system to get the most value from the Epicor SLS solution. This is the approach Epicor recommends its customers take for best success, and Eldercare is an excellent example of best-practice implementation from the customer side of things.
“Eldercare was very committed to this project and we, therefore, invested in the necessary resources,” said Morgan. “That meant we could ultimately achieve the benefits we wanted and ensure that the project was a big success.”
Post implementation, Eldercare began using Epicor for all aspects of the funding and reconciliation for both its aged care and its retirement living businesses, including client management, billing, prudential reporting and more.
“With Epicor SLS, we can serve our customers better”
Morgan said that implementing the Epicor SLS solution has allowed Eldercare to standardize business functions. Employees have shared positive feedback describing the system as more intuitive and easier to use than their previous technology solution. As the IT team has used the Epicor SLS solution to centralise a number of key functions, it has increased system controls and improved data governance by using tools such as exception reporting.
Prior to implementing the Epicor SLS solution, Eldercare was not able to automate functions such as funding reconciliations and accruals. It was not able to integrate its financial application with its clinical care system. The billing team was not looking forward to the time-consuming task of setting things up so that they could meet the requirements of the industry's legislative reforms.
“We've been able to automate many of our end of month processes, including accruals and reconciliations, so we've gained many efficiencies out of that,” said Morgan. “We've also been able to integrate our clinical care system with Epicor SLS, to feed data between both systems. As a result, we have shortened our end of month timeframes to deliver more accurate and timely financial reports.”
Eldercare saw specific time savings in terms of the preparation of Prudential Reporting requirements and the annual Aged Care Survey, thanks to Epicor SLS.
“We value the feedback of our staff and colleagues, and one of the subject matter experts within our billing team has commented a number of times that the implementation of all the changes as a result of legislative reforms over the last twelve months would have been much more difficult if we were still using our previous system and processes,” said Jane Pickering, chief executive for Eldercare.
“Essentially, and most importantly, we can serve our customers better,” said Pickering. “The Epicor SLS system gives us access to more timely and accurate data, which means that we can respond to client inquiries much faster than we used to.”
Eldercare now has the controls in place to reduce the chance of billing errors, enabling the organization to be responsive and produce timely and accurate information for its clients.
“We would have no hesitation in recommending Epicor,” said Morgan.
