SOURCE: VFA, Inc.

November 12, 2008 09:00 ET

UMass Memorial Health Care Implements VFA.spendManager to Effectively Manage Organization-Wide Capital Spending

Software Solution Enables Real-Time Visibility, Automation and Control of Capital Spend

BOSTON, MA--(Marketwire - November 12, 2008) - VFA, Inc., the leading provider of end-to-end solutions for facilities capital planning and spend management, announced today that UMass Memorial Health Care, the largest health care system in Central and Western Massachusetts, selected VFA.spendManager™ capital spend management software to optimize its capital spend management process.

With over $90 million in annual capital spend, UMass Memorial sought to eliminate its manual project workflow and approval process, streamline project spend reconciliation, and deliver real-time visibility and reporting to executives monitoring capital spending. VFA.spendManager's enhanced control of capital planning and spending increases efficiencies, reduces unapproved expenditures, ensures capital is being optimized and accurately accounts for the way capital is managed and spent.

"Most available products we researched were too narrowly focused and did not provide a comprehensive capital spend management solution," said George Nolan, director of capital planning and management, UMass Memorial. "VFA.spendManager is helping UMass Memorial integrate previously disconnected capital processes to effectively manage and control capital spending, improve overall performance and ultimately deliver greater return on capital investments."

"Managing the volume of data related to capital spend for both facilities and capital equipment is a constant challenge for any healthcare organization," said Chuck Hodian, vice president for healthcare and federal markets at VFA. "Health care systems such as UMass Memorial are leveraging VFA.spendManager to strategically manage capital budgets, automate processes to save time and money and create a collaborative environment that improves overall performance management."

Speakers from VFA and UMass Memorial presented a webinar: "Redefining Capital Spend Management at UMass Memorial Health Care" on Wednesday, November 5, 2008 from 2:00-3:00 p.m. To view the webinar, please visit http://www.vfa.com/redefine/recording.htm.

About UMass Memorial Health Care

UMass Memorial Health Care is Massachusetts' second-largest not-for-profit health care delivery system, with 1,500 physicians and more than 12,000 employees. Its comprehensive network of care includes teaching hospitals, affiliated community hospitals, freestanding primary care practices, ambulatory outpatient clinics, long-term care facilities, home health agencies, hospice programs, a rehabilitation group and mental health services. UMass Memorial Health Care is the independent, private clinical partner of the public University of Massachusetts Medical School.

About VFA

Headquartered in Boston, VFA, Inc. is the leading provider of end-to-end solutions for facilities capital planning and asset management. VFA solutions uniquely combine facility assessment services, Web-based software and business consulting services to enable customers to manage every stage of the capital asset lifecycle -- from requirements gathering and long-term planning to capital budget creation and spend management. Over 400 organizations in corporate, education, government and healthcare markets have relied on VFA solutions to strategically manage their capital assets. VFA's flagship software product, VFA.facility®, is currently used to manage more than 2 billion square feet of real estate. For more information, please call 800-693-3132 or visit http://www.vfa.com.

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