Portland, OR (PRWEB) March 14, 2013
Axiom EPM, a leading provider of financial planning and performance management software for healthcare providers, announced today that LHP Hospital Group, Inc. (LHP), a privately held company established to provide essential capital and operational expertise to hospitals and healthcare systems, has expanded its use of the Axiom EPM platform to bolster financial strategy planning, capital planning, and consolidations as it continues to add new hospitals to its portfolio.
An Axiom customer since 2010, LHP has long used Axiom’s platform for financial budgeting, planning and reporting to provide visibility into the operational side of the business. As the company grew, their needs expanded beyond operational planning to include strategic planning. Axiom’s efficient and familiar Excel®-based interface - coupled with its ability to rapidly implement and deploy a single unified system for a wide range of strategic corporate and financial functions - set it apart from the other systems LHP explored. LHP will expand their use of Axiom EPM beyond budgeting and reporting to provide a much broader range of functions, including physician practice planning, productivity management, strategy management, capital planning, advanced analytics, dashboards and scorecards.
“We have consistently seen tremendous value from the Axiom platform,” said John Ehrie, Vice President of Strategic Financial Planning, LHP Hospital Group. “Doubling our portfolio in the last year led us to pursue leveraging all components of Axiom EPM’s strategic financial planning platform. Axiom EPM’s deep healthcare expertise, knowledge of LHP Hospital Group and balance of robust functionality, ease-of-use and value made it a clear favorite among our decision makers and stakeholders.”
LHP owns, operates and manages acute care hospitals through joint ventures, providing capital and expertise to healthcare organizations. As such, they face unique consolidation challenges for strategic planning and budgeting.
“One of our strengths is our ability to bring data together from multiple sources and formats into a single platform,” said Jay Spence, Director of Healthcare Solutions at Axiom EPM. “LHP values the accuracy, consistency, and ease of use associated with these solutions being offered on a unified platform. Many organizations share this consolidation challenge, but for LHP it entails a much deeper level of complexity as they manage several hospitals and health systems across the country. LHP’s addition of more Axiom EPM solutions is a testament to the strength of our solution as well as our strong and growing relationships with customers.”
Axiom EPM offers solutions specifically designed for healthcare provider organizations that unify financial planning and decision support functions in a single platform. Designed by experienced professionals, Axiom EPM’s flexible solutions address the complicated finance needs of a wide variety of organizations. The finance-friendly Excel® interface is easy to use, and provides finance executives with the tools they need to accurately measure key service line volume, cost and profitability analytics. Its applications promote end-user adoption as well as actionable participation across business processes.
About LHP Hospital Group, Inc.
LHP Hospital Group, Inc. (LHP) is a privately held company established to provide essential capital and expertise to not-for-profit hospitals and hospital systems. In cooperation with local hospitals, LHP forms joint ventures to acquire, own, operate and manage acute care facilities in select markets throughout the United States. Headquartered in Plano, Texas, LHP is owned by affiliates of the private equity firm CCMP Capital Advisors, LLC and the CPP Investment Board as well as certain members of management and the board of directors. For more information, please go to http://www.lhphospitalgroup.com.
About Axiom EPM
Founded by industry leaders with over two decades of experience in enterprise planning and reporting, Axiom EPM delivers performance management solutions for mid-sized and large organizations around the world. Solutions for budgeting and forecasting, reporting and analytics, strategy management, capital planning, profitability and cost management are delivered on a single unified platform. Axiom EPM embraces and extends familiar Microsoft Excel® functionality, allowing finance professionals to manage data in a familiar environment – while providing unmatched modeling flexibility and enterprise performance.