NEW YORK, NY--(Marketwire - November 28, 2007) - Information Builders, the leader in production
business intelligence (
BI) systems,
today announced the availability of WebFOCUS Performance Management
Framework (PMF) for Healthcare. This operational
performance
management solution provides healthcare organizations an
industry-specific, ready-to-use customized off the shelf (COTS) strategic
management tool to deliver real-time information sharing, collaboration,
alerts, and analysis.
Implementing Financial, Clinical, Administrative, and Operational
Scorecards and Dashboards
Performance management dashboards are a proven way to lower costs, as well
as increase revenue and quality of care. Hospitals and large healthcare
organizations are known for their many moving parts that can each impact
the organization's revenue stream. PMF for Healthcare offers a single
dashboard for performance tracking that can not only identify
cost issues, but also increase patient satisfaction and quality of care by
identifying hospital processes that need improvement. PMF for Healthcare
provides a secure environment for managing metrics, defining strategies,
and creating scorecards. The framework easily integrates into an
organization's existing operational applications and provides an easy to
use tool for users that don't have deep technical expertise.
PMF for Healthcare can be the cornerstone for CMS sponsored Hospital
Quality of Care Initiatives (HQI) such as the Premier Hospital Quality
Incentive Demonstration and the Reporting Hospital Quality Data for Annual
Payment Update (RHQDAPU) initiative.
The dashboards include operational scorecards, such as revenue cycle, and
predefined healthcare-specific metrics, including length of stay,
HIM-coding quality, readmits, and insurance denials.
Built on WebFOCUS
PMF for Healthcare provides a reusable architecture for ad hoc and
parameterized
reporting that meets every user's needs by
offering clinicians, physicians, nurses, business analysts, managers, and
executives the ability to create, run, save, and schedule their own reports
with a powerful, intuitive Web-based interface provided through the
Information Builders WebFOCUS BI platform. With adapters provided by iWay
Software, an Information Builders company, the framework can access all of
an institution's data sources -- both clinical and financial -- from
disparate systems in either real time or from staged data in cubes, data
marts, or warehouses.
Business users can access, analyze, and drill through reports to uncover a
wealth of information, which may uncover root cause issues and provide
targeted improvement initiatives.
Web 2.0 Functionality Enables Dynamic Collaboration
Adapting Web 2.0 trends in collaboration, PMF for Healthcare enables users
to mesh their work with that of colleagues to discover, analyze, inform,
document, and act. For example,
key performance indicators can be blogged so
healthcare employees throughout the accountability chain can understand
what is being done, why, and how to achieve the desired result. PMF for
Healthcare offers threading and forwarding of alerts so users can take
action and engage others to change operational outcomes. Alerts can be set
up to run automatically, and when received, can be commented on and
forwarded for action. No other performance management solution offers this
capability.
"There are many factors that go into running a successful healthcare
organization, particularly in light of all the regulations and compliance
issues," said Information Builders CEO and Founder Gerald Cohen. "Now
healthcare organizations have a powerful all-in-one tool to monitor people
and costs that can show ways in which they can improve efficiencies and
increase patient satisfaction."
PMF for Healthcare includes a number of pre-built modules, designed to
address the needs of healthcare providers. The modules include:
-- Finance, Cost of Care, and Reimbursement Analysis: Monitor your
current financial position with key performance indicators that allow you
to accurately view revenue versus budget, inpatient versus outpatient
revenue, and physician billing with the ability to drill down to live,
detail-level data.
-- Utilization and Strategic Planning: Discover ways to optimize asset
utilization and improve profit margins such as maximizing bed utilization,
avoiding unnecessary labor costs, and eliminating operational bottlenecks.
-- Physician Profiling: Access and integrate outcomes, costs, resource
utilization, and other data with ease. Standard reports and charts can be
viewed with the click of a mouse.
-- Quality Improvement: Identify and improve upon trends in patient care
and satisfaction rates by receiving updated care indicators on a daily
basis and addressing problem areas.
-- Case Management: Compare costs by physician and identify anomalies.
Easily access clinical records to expose trends and patterns.
-- Inpatient Reporting: Track trends and easily generate reports on
patient costs, revenue generation by patient, etc.
-- Outcomes: Learn what treatment plans offer the best outcomes and which
are the most cost effective.
-- Demographics: Determine what demographic segments are the most
profitable, which cost the most, and how to adjust benefit levels to
maintain overall profitability.
-- Claims Analysis: Use summarized charts to find month-to-month trends.
Gain the ability to integrate and analyze data from disparate sources such
as clinical and billing systems.
"PMF for Healthcare provides an economical way for healthcare institutions
to have a pervasive management tool that allows them to view a wide array
of cost factors affecting their institutions," said David Cook, director of
Performance Management Solutions for Information Builders. "From a
technology standpoint, PMF for Healthcare delivers all the performance
management solutions an organization needs in one package that can be up
and running in very little time."
About Information Builders
Information Builders' award-winning combination of business intelligence
and enterprise integration software has been providing innovative solutions
to more than 12,000 customers for more than 30 years. WebFOCUS is the
world's most widely utilized business intelligence platform. It provides
the security, scalability, and flexibility needed at every level of global
extended enterprises. Its simplicity helps create executive, analytical,
and operational applications that reach dozens to millions of users.
Information Builders subsidiary iWay Software provides state-of-the-art,
multi-purpose integration engines that address all
SOA, application, data, and information management
requirements. Its integration adapters have been adopted by the leading
software platform providers. Together, these products give Information
Builders' customers the ability to live up to the company motto: "Your
business. No barriers."
Information Builders' award-winning technology has successfully provided
quality software and superior services to customers, including most of the
Fortune 100 and U.S. federal government agencies. Headquartered in New York
City with 90 offices worldwide, the company employs 1,400 people and has
more than 350 business partners. For more information visit
www.informationbuilders.com.
Contact Information: Press Contacts:
Kathleen Moran
Information Builders
(917) 339-6313
Matt McCarthy
EmergePR
(617) 729-3175