SOURCE: Adaptive Insights

Adaptive Insights

January 06, 2015 08:00 ET

Leading Healthcare Company Achieves 751% ROI by Switching From Legacy Systems to Adaptive Insights

Nucleus Research ROI Report Highlights Value, Visibility, and Collaboration Gentiva Health Services Achieved With Adaptive

PALO ALTO, CA--(Marketwired - Jan 6, 2015) - Adaptive Insights, the worldwide leader in cloud corporate performance management (CPM) and business intelligence (BI) for the biggest brands and the hottest companies, announced a Nucleus ROI Report on Gentiva Health Services, Inc. (NASDAQ: GTIV) that shows the company achieved nearly $1 million in average annual benefits and 751% ROI while using Adaptive's corporate performance management (CPM) solutions. Gentiva, the nation's largest provider of home health and hospice services based on revenue, previously struggled using complex legacy financial planning solutions. The company switched to Adaptive Insights to make a once frustrating and time-consuming budgeting process effortless with accelerated, intuitive planning, budgeting, and reporting with built-in analytics and collaboration capabilities.

"With Adaptive Insights' simple, easy to generate charts and graphs, we've realized a financial reporting vision that was never obtainable before," said Kevin Bradshaw, Finance Director, Gentiva. "Now our employees can focus on our mission -- serving those in need of home health services. The budget process is much simpler, more interactive, and takes a lot less time."

By the Numbers: Compelling ROI
Deploying Adaptive Planning from Adaptive Insights for its 500+ users serving customers across 310 locations in the U.S. has enabled Gentiva to improve visibility, increase engagement of its budget managers, and reduce the complexity of its budget process. Gentiva also eliminated hefty legacy software license and consulting costs, and freed up staff to work on other projects, resulting in:

  • 751% annual ROI
  • 1.3 months of total time to value
  • Just 3 months to deploy
  • Nearly $1 million in average annual benefits

Gentiva, like many organizations that are built through acquisitions, had several dispersed tools for budget planning and reporting that resulted in long, complex processes. Gentiva needed a more flexible, cloud-based financial planning solution that could support its complex business model, M&A growth, and productivity, with limited reliance on IT. Adaptive Insights helped Gentiva to model its mergers and acquisitions, and the Adaptive deployment grew from a divisional level to quickly become the corporate standard for all of Gentiva.

Currently, Gentiva's entire organization uses Adaptive Insights for budget planning -- providing a 360-degree view of the company, for all users. Gentiva's users have reported significant time savings, and Adaptive's budgeting process has reduced workloads by more than two months for the finance team.

Achieving a Holistic View of the Business
Gentiva delivers innovative, high quality care to patients across the United States, and is a single source for skilled nursing; physical, occupational, speech and neurorehabilitation services; hospice services; social work; nutrition; disease management education; help with daily living activities; and other therapies and services. Adaptive is helping many healthcare organizations of all types to spur innovation and insight via analytics, two areas that Deloitte identifies as trends for health care providers. 

"Gentiva's compelling ROI results validate why thousands of companies are moving from legacy systems into the cloud," said Rob Hull, Founder and Chairman, Adaptive Insights. "Adaptive's powerful and intuitive planning and budgeting software makes the transition to the cloud painless. We help customers effectively streamline the way they're able to do business by providing them with the right set of cloud analytics and collaborative capabilities to make more impactful and strategic, data-driven decisions."

The complete ROI Report from Nucleus Research can be viewed here.

Tweet: New @NucleusResearch report: @gentivaHospice saves $1 million annually w/ @AdaptiveInsight http://ctt.ec/01zuS+ #CPMSoftware #BeAdaptive

About Gentiva Health Services, Inc.
Gentiva Health Services, Inc. is one of the nation's largest providers of home health, hospice and community care services, delivering innovative, high quality care to patients across the United States. Gentiva is a single source for skilled nursing; physical, occupational, speech and neurorehabilitation services; hospice services; social work; nutrition; disease management education; help with daily living activities; and other therapies and services. 

About Adaptive Insights
Adaptive Insights is the leader in cloud corporate performance management (CPM) and business intelligence (BI). Via its software as a service (SaaS) platform, the company offers capabilities for budgeting, reporting, consolidation, dashboards, and business intelligence that empower finance, sales, and other business leaders with insight to drive true competitive advantage. to make better, faster, more collaborative decisions that drive a true competitive advantage.The Adaptive Suite is sold direct or is available through Adaptive's robust cloud CPM channel ecosystem of 200+ partners, including worldwide partners such as Armanino, Intacct, IntuitiveTek, Plex Systems, and SAP. NetSuite also offers Adaptive Insights as its NetSuite Financial Planning Module.

More than 2,300 companies in 85 countries use Adaptive Insights. These range from mid-sized companies and nonprofits to large corporations, including AAA, Boston Scientific, CORT, Konica Minolta, NetSuite, Philips, and Siemens. Adaptive Insights is headquartered in Palo Alto, Calif. For more information, visit www.AdaptiveInsights.com, the Adaptive Insights Blog, and follow Adaptive on LinkedIn, Twitter, Facebook, and YouTube.

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