Skokie, IL (PRWEB) December 02, 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 relationship with long-time consulting and software client, ProHealth Care, a community-based healthcare system in Southeast Wisconsin. ProHealth Care selected Kaufman Hall’s cost accounting and decision support solution to fully integrate patient-level costing and service line analytics across its network, enabling greater visibility into the cost of care that will support more strategic decision-making.
ProHealth Care was looking to broaden its costing capabilities beyond the hospital to glean a more holistic view of performance across its facilities. Kaufman Hall’s recent acquisition of Axiom EPM – a leading provider of enterprise performance management software – has enabled the company to offer a broad set of solutions capable of seamlessly integrating disparate data, supporting a truly unified approach to performance management and reporting that ProHealth Care will leverage.
“Kaufman Hall has been a trusted partner of ours for over twenty years, delivering the highest level of service and efficient implementations, so we are excited to continue working with them on this business initiative,” said Ronald Farr, Chief Financial Officer of ProHealth Care. “Beyond our existing relationship, Kaufman Hall’s new costing solution is extremely flexible, offering the advanced integration capabilities and decision support functions we need to consolidate our planning and performance management efforts, and that was a major differentiator for us.”
By implementing Kaufman Hall’s cost accounting and service line analytics solution across its network, ProHealth Care will have access to the key performance metrics and trends that are impacting its bottom line. The organization will be able to drill down into the cost of care by patient encounter or population, episode of care, and across clinical service lines, for more timely access to information that will support strategic decision-making. ProHealth Care will also benefit from accurate and actionable insights into volume, cost and revenue trends, as well as built-in reporting capabilities, to better support short- and long-term planning initiatives.
“As healthcare shifts to a more value-based system, hospitals and health systems are operating amid very tight margins and simultaneously experiencing declines in reimbursement,” said James Bodan, Executive Vice President of Kaufman Hall’s Software division. “The situation has made determining the cost of care a business-critical objective. We look forward to continuing our long-standing relationship with ProHealth Care and providing the tools they need to thrive in today’s landscape and beyond.”
About ProHealth Care
For a century, ProHealth Care has been the health care leader in Waukesha County and surrounding areas, providing outstanding care across a full spectrum of services. The people of ProHealth Care strive to continuously improve the health and well-being of the community by combining skill, compassion and innovation. The ProHealth family includes Waukesha Memorial Hospital, Oconomowoc Memorial Hospital, the Rehabilitation Hospital of Wisconsin, ProHealth Care Medical Associates clinics, AngelsGrace Hospice, ProHealth Home Care and Hospice, West Wood Health & Fitness Center and Regency Senior Communities. Learn more at http://www.ProHealthCare.org.
About Kaufman Hall
Leveraging 30 years of experience, Kaufman Hall helps hospitals and health systems implement best practice strategic financial management, empowering organizations to reach their full potential. Combining management consulting and advisory services with innovative enterprise performance management applications, Kaufman Hall enables data-driven decision making that quantifies the financial impact of plans, scenarios, and actions. Kaufman Hall provides sophisticated, integrated, and intuitive software solutions for budgeting & forecasting, long-range planning, capital planning & management, performance reporting, and decision support & analytics, delivered on Axiom EPM’s unified platform via the cloud or on premise. To learn more, visit http://www.kaufmanhall.com.