Business Objects, the world's leading provider of business intelligence solutions, is helping hospitals and health insurance providers gain a clear and complete view of key metrics, performance indicators, and analytics that support critical planning and informed decisions. At this week's Healthcare Information and Management Systems Society (HIMSS) Annual Conference in New Orleans , Business Objects is showcasing its BI solutions for the healthcare industry at Booth #3310.
Business Objects works with more than 1,200 healthcare companies, including the top five Blue Cross Blue Shield plans; five of the top seven health maintenance organizations; eight of the top ten non-profit hospitals; and eleven of the top fourteen US News and World Report Honor Role Hospitals . Companies from both the payer and provider side of the healthcare industry leverage Business Objects solutions to use their business information to transform the way they work and improve their performance.
Improving Insight in Healthcare
Business Objects understands the complex challenges healthcare executives face every day. Business Objects provides healthcare organizations with the most advanced and complete solution for performance management, planning, reporting, query and analysis, and enterprise information management. Business Objects provides specific healthcare applications for Activity Based Costing, Patient Care Tracking and Monitoring, Provider Profiling, Revenue Cycle Management, Supply Chain Analytics, and Workforce Optimization. Business Objects helps companies in the healthcare industry to:
- Increase workflow efficiencies by analyzing consolidated data from clinical, administrative, and financial areas. For example, o ne of the nation's largest providers of pediatric healthcare services, Nemours, needed a HIPAA-compliant method to distribute consistent, trustworthy information. Using Business Objects enterprise information management solutions, Nemours provides clinicians and administrators with timely, complete, and accurate patient and operational data at their desktops.
- Improve supply chain expense and optimize resource management by tracking healthcare resource utilization. For example, one of the largest for-profit healthcare providers in the U.S. uses Business Objects to save over $500,000 per month in supply expense through greater visibility and control over supply purchases.
- Meet budgetary controls and financial deadlines by delivering accurate and timely budgets and financial reporting. For example, Triad Hospitals, which owns and operates 54 hospitals and 13 ambulatory surgery centers in 17 states, is using Business Objects budgeting, planning, and forecasting solutions to shave six weeks off its budgeting process and reduce financial reporting time by 50 percent.
- Monitor and analyze patient diagnosis and condition to facilitate timely and effective clinical decisions. Many major healthcare facilities utilize Business Objects technology to keep track of patient outcomes, understand patient risk factors, and profile physicians to gain insight into the most efficient and effective patient care methodologies. Business Objects solutions enable healthcare providers to draw from multiple data sources generating a complete view of patient care.
- Increase efficiency and detect fraud by analyzing historical information, and tracking and closely monitoring current claims data. For example, a Blue Cross and Blue Shield organization serving more than 880,000 members uses Business Objects to examine claims data to monitor trends and help its members better manage the needs of their clients.
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