Chapter 7, Problem 7.18MML

Explanation of Solution

Enterprise Resource Planning:

It stands for Enterprise Resource Planning. This empowers the business processes with the target to becoming highly efficient and highly profitable. It is an integrated process that unites business operations into a distinct, reliable and computing platform.

Hospital benefits from ERP solution:

• ERP solution helps to improve working and value realization of any hospital of any scale. It also improves HR management which invests more on human capital.
• ERP solutions minimize operation cost.
• Information passes very quickly because of the reduction of human intervention.
• ERP solution gives innovative ideas to maximize profit margins.
• It also helps inventory management at the hospital.

Integrated databases:

There are many advantages of integrated database over separated databases. They are:

• Integrated database provides easy management of all the activities like appointment, scheduling, registration, billing, etc...