Skokie, IL (PRWEB) October 14, 2014
Kaufman Hall, a leading provider of strategic, capital and financial advisory services and software tools to healthcare organizations, today announced that it has expanded its partnership with SwedishAmerican Health System (SwedishAmerican), a not-for-profit healthcare system serving northern Illinois. Initially engaged with Kaufman Hall for consulting services, SwedishAmerican will now implement the company’s Budget Advisor® and Hospital Advisor® software solutions to further support effective financial planning and performance management, organization-wide.
SwedishAmerican selected Kaufman Hall based on its proven track record of superior customer service and support, as well as for its robust and flexible technology solutions. With Budget Advisor®, SwedishAmerican can seamlessly consolidate data to deliver comprehensive and actionable variance reports with ease, enabling its finance team to spend more time identifying trends and providing value-add analysis. With Hospital Advisor®, the organization will be able to model a wide range of short- and long-term scenarios to develop multi-year financial forecasts with confidence.
“We have accomplished a lot with Kaufman Hall as our partner on the consulting side, and built a strong relationship. The trust we’ve fostered has left us with no doubts that the company will deliver both the expert guidance and the technology capabilities we need to gain a competitive edge in today’s difficult financial environment,” said Don Haring, CFO at SwedishAmerican. “We are excited to leverage these solutions and are confident that we will be well-positioned to address whatever challenges the future of healthcare holds.”
With patient volumes and payment models changing rapidly, maintaining a firm grip on an organization’s financial trajectory has become a major challenge. Finance teams increasingly require the power to model a variety of “what if” scenarios, as well as the ability to draw precise and insightful assessments about the organization’s performance, to stay ahead. With Kaufman Hall’s Budget Advisor® and Hospital Advisor® solutions, SwedishAmerican will be able to quickly and easily identify the viability of strategic initiatives, set capital priorities and determine cash requirements.
“At Kaufman Hall, we pride ourselves on our commitment to supporting the unique needs of healthcare finance executives, and are constantly working to provide the highest level of service to our clients in a wide range of areas,” said Terri Wareham, Chief Executive Officer at Kaufman Hall. “We are happy to be expanding our relationship with SwedishAmerican, and feel it is a testament to the unwavering dedication we’ve shown in helping the organization meet its business goals.”
About SwedishAmerican Health System
SwedishAmerican is a not-for-profit healthcare system, headquartered in Rockford, Illinois. The health system is comprised of two hospitals, a free-standing outpatient cancer center, 30 clinics, a home health care agency, and a foundation.
About Kaufman Hall
Kaufman Hall is an independent management consulting firm that offers integrated strategic, capital, and financial advisory services and software tools to healthcare organizations of all types and sizes. Our goal is to help hospitals and health systems achieve best-practice strategic financial management that produces tangible, measurable, and improved financial results. To learn more, visit http://www.kaufmanhall.com.