“Having one intuitive software system in place that simplifies financial planning and capital management makes thriving in today’s post-ACA landscape a much more manageable feat,” said Christopher Knight, Chief Financial Officer at Reid Health.
(PRWEB) March 16, 2016
Kaufman Hall, a leading provider of strategic, capital and financial advisory services and software tools to healthcare organizations, today announced that Reid Health, a not-for-profit health system serving East Central Indiana and West Central Ohio, has upgraded its existing Kaufman Hall solutions for budgeting, financial planning, and productivity reporting to the Axiom Software Suite, as well as added the company’s capital planning solution, to streamline finance processes organization-wide.
A Kaufman Hall client since 2009, Reid Health will now benefit from deep software integration that brings together multiple finance functions across the system’s forty locations. Additionally, Reid Health will be better equipped with Kaufman Hall’s capital planning tool to ensure that its investments provide the greatest return and align with its longer-term strategic objectives.
“Having one intuitive software system in place that simplifies financial planning and capital management makes thriving in today’s post-ACA landscape a much more manageable feat,” said Christopher Knight, Chief Financial Officer at Reid Health. “As a longstanding client, we have come to rely on Kaufman Hall’s technology and fully trust its financial expertise to inform our decision-making as market conditions change, so we are pleased to be expanding our partnership.”
Designed to support all aspects of a corporate finance-based capital allocation process, Kaufman Hall’s capital planning solution gives Reid Health the financial modeling tools it needs to prioritize capital requests for funding based on which requests provide the strongest business benefits. At the same time, with the solution’s dynamic reporting capabilities, Reid Health is now able to track dollars that have been committed, funded, and spent, while reliably measuring actual performance of each investment against plan and budget.
“As providers navigate increasingly complex reimbursement models and eroding margins, prioritizing the capital planning process has proved critical,” said James Bodan, Executive Vice President of Healthcare Software at Kaufman Hall. “With our solution, Reid Health can effectively understand and evaluate the impact of its capital decisions, making it much easier to achieve long-term strategic goals. We are happy to further support Reid Health in this endeavor.”
About Reid Health
Reid Health is a not-for-profit regional system serving East Central Indiana and West Central Ohio, with more than 40 locations in nine counties. The system is one of the region's largest employers, and has regularly received national recognition for quality of services and technology.
About Kaufman Hall
Leveraging 30 years of experience, Kaufman Hall helps hospitals and health systems implement best practices in management that integrate strategy, finances, and operations to empower organizations to reach their full potential. Management consulting services and enterprise performance management software enable data-driven analysis and quantify the financial impact of plans, scenarios, and actions to improve organizational decision making. Kaufman Hall’s Axiom Software Suite provides sophisticated, integrated, and intuitive solutions for budgeting and forecasting, long-range planning, capital planning & management, performance reporting, and decision support and analytics delivered via the cloud or on premise. To learn more, visit http://www.kaufmanhall.com.