Banking

Moran Pioneers Aged Care Business Intelligence

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Executive Summary

The Group's general manager for finance, Chris Mamarelis, told iTNews that the aged care revenue model in Australia is extremely complex due to government subsidies and regulatory compliance. The system, which has been in place for 12 months, is used primarily to assess the business performance of each of the Group's 39 residential aged care facilities across Australia, and to sift through resident subsidy statement information provided by the federal Department of Health and Ageing. The statements feed into Moran's billing and revenue system, from where the information is extracted and reported using the financial analytics package, IBM Cognos TM1 (formerly Applix).

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