As the largest social networking platform for the healthcare industry, Alliance Health Networks is working toward improving overall health outcomes, lowering costs, and fostering a more consumer-centric healthcare industry overall. And in order to continually expand its 1.5 million user base, the company has implemented the Adaptive Planning CPM & BI Suite in place of its traditional, on-premise financial planning and reporting solution.
“For me, budgeting, forecasting, and cash flow are mission critical, no matter the business,” said Randi Letendre, Alliance Health Networks VP of Finance. “Adaptive enables us to make updates and generate new plans that cascade throughout our financial model with the press of button.”
A rolling forecast through the end of the year
Detailed reporting on revenue by line of business and revenue type
Financial highlights for the month
“We have much clearer visibility into the sales pipeline and better insight into payroll and margins by line of business,” Letendre explained. “With the
success we have had on the financial planning side, we are eager to see how Adaptive Planning can help us
in other areas of our business.”
The wheels for such a move were put in motion back in May, 2013 when Data Analytics Expert Deep Dhillon joined Alliance as the company’s Chief Data Scientist. At the time, Alliance SVP of Technology Jay Bartot said the company planned to build, “the most powerful and searchable online health platform.”
To build such a platform Alliance will use Adaptive to efficiently report and analyze its financial state, and make the smartest business decisions for the future.