Portland, OR (PRWEB) June 12, 2014
Axiom EPM, a leading provider of financial planning and performance management software, today announced that Cheyenne Regional Healthcare System (Cheyenne Regional), a 222-bed hospital and multi-specialty medical group serving the Wyoming community, has selected its performance management solutions to provide an integrated approach to meeting its budgeting, planning and financial reporting needs.
Cheyenne will leverage Axiom’s unified financial management platform to enable more meaningful analysis of its costing data and support more pointed organizational decision making in order to meet its business goals. In addition to the budgeting and planning solution, Cheyenne will implement Axiom EPM’s solutions for cost accounting and profitability, reimbursement modeling, and dashboards.
“We weren’t simply looking for a budgeting and planning solution, but rather were seeking a solution to address our costing and profitability needs. Axiom’s ability to deliver sophisticated planning, reporting and decision support functions in a single solution coupled with the company’s deep expertise in cost accounting differentiated them from other EPM vendors we considered,” said Kerry Warburton, Cheyenne Regional CFO. “Leveraging Axiom’s robust feature set, we will have the ability to take a more holistic view of our financial performance and better understand how resources are being deployed to make key decisions that will help us reach defined objectives and identify opportunities for growth. As we look to the future, we definitely view Axiom as a strategic business partner.”
Grown from a tent hospital in 1867, Cheyenne Regional Healthcare System currently has over 2,000 employees, 170 medical staff and 200 volunteers. It is affiliated with Cheyenne Regional Medical Group (CRMG), Wyoming’s largest medical group with approximately 70 providers offering a complete continuum of care from pediatrics and family medicine to advanced specialty care such as oncology, orthopedics and cardiology. The CRMG system serves people of southeast Wyoming, northern Colorado and western Nebraska.
“As provider organizations work to address regulatory changes and high operating costs amidst declining reimbursement, the ability to align business realities with financial plans is critical,” said David Janotha, industry vice president of healthcare at Axiom EPM. “We look forward to a long partnership with Cheyenne, and are excited to provide them with the tools they need to effectively plan, monitor and analyze financial performance to respond to, and thrive in, a very dynamic market.”
About Cheyenne Regional Medical Center
Cheyenne Regional Healthcare System includes a 222-bed regional hospital as well as a multi-specialty medical group that prides itself on delivering the highest standard of quality care to meet the region’s growing healthcare needs. The hospital’s physicians and employees, state-of-the-art facilities and advanced technologies ensure patients will receive exceptional care close to home.
About Axiom EPM
Axiom EPM provides sophisticated, flexible performance management solutions for hospitals and healthcare providers that empower finance professionals to analyze results, model the future and optimize organizational decision making. Solutions for budgeting & forecasting, cost accounting, capital planning, strategy management, productivity monitoring, and reporting & analytics are delivered on a single unified platform. Axiom EPM embraces and extends Microsoft Excel® functionality, allowing finance professionals to manage data in a familiar environment – while providing unmatched modeling flexibility and enterprise performance. Axiom EPM is a wholly-owned subsidiary of Kaufman Hall and Associates.