With Analytix On Demand, we're able to streamline and extend the analysis we provide to our clients
Carlsbad, CA and Irvine, CA (PRWEB) July 9, 2009
As the Obama administration makes healthcare IT a stimulus priority, Integrated Revenue Management, Inc. (http://www.irminconline.com) and Analytix On Demand™ (http://www.analytixondemand.com) today announced a strategic partnership that will help healthcare organizations use business intelligence to increase margins, improve operational efficiency and recover millions of dollars a year in lost revenues.
Using Analytix On Demand's SaaS business intelligence solution, Integrated Revenue Management, Inc. (IRM) is introducing a suite of products and services that will extend hospitals' ability to gather and analyze performance data from every area of a hospital or healthcare organization. This deeper performance analysis will reveal not only where hospitals can gain incremental revenue, but also opportunities to recover lost revenue, streamline operations and reduce costs. Analytix On Demand offers healthcare providers business intelligence, data cube analysis and online analytical processing, ETL and hosting services that provide a comprehensive platform for identifying transactional and systemic fractures, metrics and solution management - and ultimately overall performance improvement feeding directly to the bottom or net income line.
Extending the big-picture view even further, hospitals now gain the ability to see both in-depth organizational performance statistics and industry-wide benchmarks. This ability enables them to compare their own performance to the industry standard, so they can more clearly see where there's room to extract additional revenue or improve operations to cut costs. The end result is a healthier bottom line for healthcare organizations.
"With Analytix On Demand, we're able to streamline and extend the analysis we provide to our clients," said Kathleen R. Craig, President and CEO, Integrated Revenue Management, Inc. "Process improvement is a huge priority, especially as organizations seek money from the economic stimulus. We're able to help them achieve that. Our new services also will enable healthcare organizations to prove how well they're performing with robust reports and dashboards, adding tremendous value to our clients. In addition, we gain the ability to scale more widely and rapidly -- extending our own business as a result."
"Hospitals are complex organizations, but there are solutions today that make it easier to see through the complexity and identify room for improvement," said Vik Torpunuri, Analytix On Demand founder and CEO. "Using sophisticated -- yet cost-efficient -- analytics capabilities, we can help hospitals get a comprehensive view of what's going on throughout the organization. Imagine trying to diagnose cancer without an MRI or CT scanner. That's how difficult it would be to diagnose the revenue and efficiency holes in a hospital without a clear view of performance across the entire organization."
A leading healthcare education company, Integrated Revenue Management (IRM) helps hospitals and other healthcare organizations identify, capture and collect the full value of each service performed. Improvement trends show that Integrated Revenue Management's services add 2-4% of net patient revenue, adding millions of dollars to financial performance. IRM helps its clients improve all aspects of revenue cycle management while increasing efficiency, compliance, and sustainable financial stability. The company has worked with more than 100 nationwide hospitals, providing net revenue results in excess of $500,000,000 to their client's bottom line.
About Integrated Revenue Management, Inc.:
Integrated Revenue Management, Inc. (http://www.irminconline.com), is a national healthcare education company focused on improving all aspects of revenue cycle management while increasing efficiency, compliance, and sustainable financial stability. Founded in 2000, Integrated Revenue Management (IRM) has assisted hospitals and other healthcare organizations to identify, capture and collect the full value of each service performed. As the premier national revenue management education company, IRM has worked with more than 100 hospitals to help them build focused revenue management departments. This unique "in-source" model has created teams that have added millions of dollars to their hospital's net patient revenue and bottom line.
About Analytix On Demand:
Business smarts, simplicity, speed - at a fraction of the cost.
Analytix On Demand™ (http://www.AnalytixOnDemand.com) connects the dots across an entire organization to give companies the central truth about business performance. Its service offers fast and affordable business intelligence (SaaS), helping companies of any size - from SMBs to enterprises - see what's really going on throughout an organization and how each business area affects everything else. This insight helps clients act with confidence, save time, reduce costs and boost profits. Clients start seeing a return on investment in just 30 days or less. The company's service suite includes solutions designed expressly for healthcare, retail and media companies. Analytix On Demand™ is based in Irvine, Calif., and has offices in New York, Houston and San Jose.