Infor, a leading provider of industry-specific cloud applications, announced Infor Healthcare Enterprise Analytics, a comprehensive solution that will provide healthcare organizations with greater insight into their operations, supporting their efforts to improve outcomes and lower costs.
Powered by the Infor Birst Cloud Analytics platform, the solution will transform complex data from any source into a comprehensive picture of patient and population health. Infor Healthcare Enterprise Analytics is part of Infor CloudSuite Healthcare, a complete software platform that includes solutions for finance, supply chain, human capital, and clinical interoperability.
Improving visibility to reduce the cost of care, while improving outcomes, is a top strategic priority for most hospital executives. With an analytics solution that can turn data into insights, healthcare organizations can identify opportunities for continuous improvement. They can get a better view of operational productivity, urgent care performance, Emergency Department (ED) statistics, physician comparisons, and re-admission rates, for example.
"Addressing the issues related to data quality, aggregation, and processing is integral to creating a viable analytics environment, for the long-term, in healthcare organizations," said William Bercik, Infor VP of Healthcare Development, Analytics & Cost Accounting. "The benefits of our modern cloud analytics solution are both operational and strategic. The solution gives healthcare organizations the ability to automate and standardize the process of connecting, preparing and relating data, which speeds up time-to-value."
As healthcare organizations continue to grow and acquire other providers, having a single source of truth across all entities is critical for timely and accurate decision-making. They need a modern, secure cloud analytics platform to reduce IT costs, while providing new analytics capabilities to key stakeholders.
The solution will include dashboards specific to five key stakeholders, including the Chief Executive Officer (CEO), the Chief Financial Officer (CFO), the Head of Supply Chain, the Chief Human Resource (HR) Officer, and the Chief Nursing Officer (CNO). The dashboards will include operational, clinical and quality Key Value Indicators (KVIs) that drill down into data that reveals challenges related to cost variability across the continuum of care, promotes discussion about the relationship of cost to quality (in that better care is more cost effective), and supports population health initiatives, etc. (A KVI is the metric on which the highest ranking person in a particular functional area gets measured.)
Infor Healthcare Enterprise Analytics will provide them with a new level of trusted insights and decision-making by connecting people and their data through a network of analytics services. This solution incorporates analytics capabilities specific to Human Capital Management (HCM), which Infor announced on Feb. 8.
