What You Should Know:
– Kaufman Hall Acquires Change Healthcare’s analytics explorer, performance manager, and other data capabilities to create the industry’s most robust EPM software, data, and analytics platform.
– The acquisition unites the strengths of two industry leaders in healthcare technology, empowering clients to improve operational, clinical, and financial performance.
Kaufman, Hall & Associates, LLC, a provider of enterprise performance management (EPM) software, data, and management consulting solutions, and Change Healthcare, today announced that Kaufman Hall has acquired Change Healthcare’s Analytics Explorer, Performance Manager, and other data solutions, collectively referred to as Connected Analytics and combined them with Kaufman Hall Software.
The combined strengths of these two market leaders will create the industry’s most robust enterprise performance management software, data, and analytics platform for hospitals and health systems. Healthcare organizations can elevate their financial and clinical performance by leveraging these comprehensive solutions, while Kaufman Hall Software’s higher education and financial institution clients will simultaneously benefit from a strengthened platform for continued future growth and investment. This acquisition also further enhances Kaufman Hall Software’s healthcare industry expertise and subject matter expertise in data and analytics which will benefit its broad portfolio of clients.
“This acquisition comes at a pivotal time for our clients, as the nation experiences rapid change and uncertainty,” said Wes Champion, managing director, and chief executive officer of Kaufman Hall. “Now more than ever, clients need reliable and actionable data and insights to help execute what’s needed today and model the future. Building on the strengths of Kaufman Hall Software’s current data solutions, the addition of the Connected Analytics capabilities will provide clients with unparalleled analytics and insights to help them navigate through this unchartered territory.”
By combining the significant industry expertise and data solutions of both organizations, Kaufman Hall Software will offer clients expanded and integrated reporting, data, and analytics tools, a more robust set of dashboards that deliver actionable insights, more powerful data acquisition capabilities, and deeper product and industry expertise.
Clients will benefit from a suite of sophisticated, flexible solutions that empower finance professionals to analyze results, model the future, and optimize organizational decision making. These include long-range planning, budgeting and forecasting, performance reporting, capital planning, and cost accounting solutions that deliver decision support, reporting, and analytics within an integrated platform.
More than 300 healthcare organizations use the Connected Analytics solution set, including blue-chip organizations and many of the largest health systems in the United States. Kaufman Hall, for its part, is a trusted partner to more than 3,000 healthcare, higher education, and financial institution organizations, including four of the top five U.S. health systems.
“The acquisition of these powerful solutions provides our healthcare clients with greater access to industry insight that only comes from our dedicated service to the country’s top health systems and hospitals,” said Kermit S. Randa, chief executive officer of Kaufman Hall Software. “Our mutual clients will be able to leverage our proven, integrated and easy-to-use EPM software, data and analytics solutions to model changing scenarios, manage shifting forecasts and budgets, improve efficiencies and outcomes, reduce cost, and grow profitably in this ever-changing healthcare environment. By combining the collective strengths of Kaufman Hall Software with Analytics Explorer, Performance Manager and other important data solutions, we are even better positioned to empower organizations to elevate their financial and clinical performance through data-driven decisions that lead their organizations to sustainable success.”