December 17, 2007 08:30 ET

VFA Honors U.S. Navy Bureau of Medicine and Surgery for Excellence in Facilities Capital Management

Navy Office Recognized for Innovations That Have Enhanced Productivity and Optimized Capital Funds

BOSTON, MA--(Marketwire - December 17, 2007) - VFA, Inc., the leading provider of end-to-end solutions for facilities capital planning and asset management, presented the U.S. Navy Bureau of Medicine and Surgery (BUMED) with the 2007 CapStar Award, VFA's annual award recognizing a customer for its innovative use of software technology and business processes to support capital planning and management.

BUMED, the headquarters command for Navy Medicine, was recognized for innovations in its approach to managing a portfolio of over 62 million square feet of healthcare facilities worldwide. Innovations included the transition from cyclical assessments of all facilities to a risk-based assessment approach that focuses on the impact to the Navy's mission. By focusing on high-risk, mission-critical areas, this approach has enabled BUMED to optimize capital spending for the greatest impact and the best use of taxpayer dollars.

BUMED has also streamlined and automated many of its capital management processes and systems, including processes for capital asset reporting required by the Navy and the Department of Defense and preparation of Capital Project Request forms for Command approval. The integration of facility data with the Internet Navy Facilities Assets Data Store database, the official record of the Navy's real property assets, was also streamlined. These innovations have resulted in significant productivity gains, such as reducing the time and effort needed to prepare project budget requests from weeks to half a day.

BUMED was chosen from more than 350 organizations that have deployed VFA solutions. The CapStar recipient is selected based on criteria including the demonstration of innovation in capital management, bridge building among different functional areas, and tangible business benefits. The award was presented at VFA's fourth annual customer conference, VFA Connections 2007, in Cambridge.

"We applaud BUMED for its focus on continuous improvement in capital management," said VFA President and CEO Jerry Kokos. "Its efforts directly impact the environment of care provided to the millions of Navy and Marine Corps members and their families who receive BUMED healthcare services. We are pleased to acknowledge their achievement with this year's CapStar award."

BUMED provides medical and dental services to 2.6 million beneficiaries while supporting contingency, humanitarian and joint operations around the world.

About VFA, Inc.

Headquartered in Boston, VFA, Inc., is the leading provider of end-to-end solutions for facilities capital planning and asset management. VFA's Capital Planning and Management Solution (CPMS™) uniquely combines 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. VFA has helped more than 350 organizations in corporate, education, government and healthcare markets to strategically manage more than 2 billion square feet of real estate. For more information, call 800-693-3132 or visit

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