Most Chief Financial Officers (CFOs) have limited confidence in the capabilities of their planning and analytical tools, according to Kaufman Hall’s recent CFO Annual Survey. Most organizations are leveraging a combination of tools, including Excel and BI, with varying degrees of success.
In order to strengthen their hand, Kaufman Hall introduced today two new products, Strategy Management and Comparative Analytics, to its Axiom Healthcare Software Suite.
Axiom Strategy Management provides a comprehensive view of business performance across multiple areas – financial, clinical, operational, etc. – and enables leadership teams to manage organization-wide initiatives to achieve business goals. Axiom Comparative Analytics enables healthcare organizations to gauge their financial performance against peers (as well as inter-facility and inter-departmental) with the industry’s most robust and up-to-date data set.
“We’ve talked to a number of providers over some time, and most have expressed the need for these types of capabilities,” said Craig Schiff, President and CEO of BPM Partners. “In today’s dynamic healthcare environment, organizations must a have clear picture of performance so they can improve organizational alignment. Identifying root-cause issues and developing initiatives to address them are paramount.”