Skokie, IL, (PRWEB) January 13, 2016
Kaufman Hall, a leading provider of strategic, capital and financial advisory services and software tools to healthcare organizations, today announced that Parkland Health & Hospital System (Parkland), one of the largest public hospital systems in the country, has expanded its relationship with the company. Parkland has upgraded to Kaufman Hall’s enhanced financial management software platform, and recently added solutions for cost accounting and capital planning.
A customer since 2002, Parkland has used Kaufman Hall’s software for strategic financial planning and will now utilize the company’s full integration capabilities. This functionality will consolidate all of its financial planning and analytics efforts on a single platform for integrated performance management.
Kaufman Hall’s cost accounting and capital planning solutions allows finance professionals to analyze data, model the future and optimize organizational decision-making. The company’s cost accounting solution provides the framework to perform accurate patient-level costing, while the capital planning solution provides financial modeling tools to help organizations decipher which requests for capital warrant funding and provide the strongest business benefits.
“A disciplined approach to cost accounting and capital planning has become mission-critical in healthcare,” said James Bodan, Executive VP of Kaufman Hall’s Healthcare Software Division. “In today’s value-based world, full visibility into financial and clinical data, as well as both near-term organizational needs and longer-term strategic objectives, is a critical success factor.”
About Parkland Health & Hospital System
Parkland Health & Hospital System first opened its doors in 1894 and is now one of the largest public hospital systems in the country. The hospital averages more than 1 million patient visits annually. Services include a Level I Trauma Center, the second largest civilian burn center in the U.S. and a Level III Neonatal Intensive Care Unit. The system also includes 20 community-based clinics, 12 school-based clinics and numerous outreach and education programs. Parkland is the primary teaching hospital for the University of Texas Southwestern Medical Center.
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.