Skokie, IL, (PRWEB) April 13, 2016
Kaufman Hall, a leading provider of strategic, capital and financial advisory services and software tools to healthcare organizations, today announced that Lehigh Valley Health Network (LVHN), a community health system based in Pennsylvania, has selected its suite of performance management solutions. Kaufman Hall’s integrated software solutions for Budgeting, Capital Planning, Long-Range Planning, and Reporting will provide LVHN with full visibility into its financial performance and enable more informed decision-making across its network.
LVHN includes five hospital campuses, the only children’s hospital in the region, and 14 health centers, offering comprehensive care in 95 clinical specialties. LVHN will leverage Kaufman Hall’s technology to adopt a more integrated approach to achieving its strategic, financial and operational goals, as well as to formulate quantifiable improvement strategies. LVHN selected Kaufman Hall’s tools based on their ability to consolidate accurate and actionable data, allowing key stakeholders to understand, and effectively respond to, pressing financial challenges.
“Previously, we needed to compile financial data from several different sources, which created a fragmented process,” said Leigh Ehrlich, CPA, CHFP, VP of LVHN Budget and Financial Planning. “Kaufman Hall’s products give us a single platform for budgeting, financial planning, capital planning and ongoing reporting. This gives us the right solution for making sound business decisions and effectively calculating their financial impact.”
Kaufman Hall’s Axiom Software Suite includes sophisticated, flexible performance management solutions that empower finance professionals to analyze results, model the future and optimize organizational decision-making. Today, more than 1,000 hospitals and health systems rely on this software to effectively address their evolving strategic and financial management needs in an integrated manner.
“Taking a holistic view of financial performance has become business-critical, but it’s a much more difficult feat for those larger organizations spread across various locations,” said James Bodan, Executive VP of Kaufman Hall’s Healthcare Software Division. “Our integrated software suite brings that data together and also produces key analytical insights that can help drive action and desired outcomes.”
LVHN includes five hospital campuses - three in Allentown including the region's only facility dedicated to orthopedic surgery, one in Bethlehem and one in Hazleton, Pa.; 14 health centers caring for communities in five counties; numerous primary and specialty care physician practices throughout the region; pharmacy, imaging, home health services and lab services; and preferred provider services through Valley Preferred. Specialty care includes: trauma care at the region’s busiest, most-experienced trauma center treating adults and children, burn care at the regional Burn Center, kidney and pancreas transplants; perinatal/neonatal, cardiac, cancer care, and neurology and complex neurosurgery capabilities including national certification as a Comprehensive Stroke Center. Children’s Hospital at Lehigh Valley Hospital, the only children’s hospital in the region, provides care in 28 specialties and general pediatrics. LVHN has been recognized by US News & World Report for 20 consecutive years as one of America’s Best Hospitals and is a national Magnet hospital for excellence in nursing. Lehigh Valley Health Network’s Cancer Center is the only cancer center in the region to have been selected as a National Cancer Center Community Cancer Centers Program (NCCCP, 2010-14). Additional information is available at lvhn.org and by following us on facebook.com/LVHealthNetwork and twitter.com/LVHN.
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.