Kaufman Hall Axiom Comparative Analytics Earns No. 1 Ranking in Black Book Research Survey
Healthcare end users rank Kaufman Hall first in 10 key performance areas, including innovation, reliability and security
CHICAGO – June 3, 2020 – Kaufman Hall, a leading provider of enterprise performance management (EPM) software, data, and management consulting services, has been ranked by Black Book Research as the top overall Healthcare Analytics Solutions vendor in the recent Benchmarking & Comparative Analytics Software rankings.
In addition to its No. 1 overall ranking, Kaufman Hall’s Axiom Comparative Analytics solution far outperformed the competition with recognition as the highest-rated performer in 10 performance categories, including: strategic alignment with client goals; innovation; client relationships and cultural fit; integration and interfaces; reliability; and data security and backup services.
To develop the rankings, Black Book surveyed healthcare professionals from nearly 750 organizations between the third quarter of 2019 through the second quarter of 2020 to determine user satisfaction and utilization trends.
“Hospitals and health systems are continuously looking for ways to improve the financial, clinical and operational performance. A key component to driving this ongoing improvement — especially within today’s changing environment — is through the consistent use of data,” said Kermit S. Randa, chief executive officer of Kaufman Hall Software. “Axiom Comparative Analytics helps healthcare organizations unlock patterns and insights to guide their business improvement plans. By harnessing the power of their data, healthcare leaders can identify business areas to grow and service lines to develop, ultimately leading to winning business plans. We’d like to thank Black Book for this recognition and extend our gratitude to the organizations that shared their experiences to help us achieve this notable distinction.”
Axiom Comparative Analytics enables healthcare organizations to gauge their financial and operational performance against peer organizations regionally and nationwide (as well as inter-facility and inter-departmental) with the industry’s most robust and timely data set. The solution structures a comprehensive view of organizational performance, providing visibility into key performance measures and highlighting top improvement opportunities.
“The Benchmarking and Comparative Analytics Software rankings are a relatively new field for healthcare,” said Doug Brown, president of Black Book Market Research. “Several solutions earned multiple ‘neutral’ and ‘deal-breaking dissatisfaction’ scores. Axiom Comparative Analytics achieved ‘overwhelming satisfaction’ in every category and leads the competition by a significant margin in key areas such as strategic alignment with client goals and innovation. Axiom Comparative Analytics is unquestionably No. 1 in user satisfaction.”
Kaufman Hall’s commitment to client success and innovation is demonstrated in the software and through Kaufman Hall’s National Hospital Flash Report — a monthly publication that explores the state of healthcare finances using actual data from Axiom Comparative Analytics, sampled from over 800 hospitals.
Learn more about what sets Axiom Comparative Analytics apart from the competition in the e-book, Beyond Benchmarking: Driving Healthcare Improvement Through Comparative Analysis.
About Kaufman Hall
Kaufman Hall provides a unique combination of software, management consulting and data solutions to help society’s foundational institutions to realize sustained success amid changing market conditions. Since 1985, Kaufman Hall has been a trusted advisor to boards and executive management teams, helping them incorporate proven methods, rigorous analytics and industry-leading solutions into their strategic planning and financial management processes, with a focus on achieving their most challenging goals.
Kaufman Hall services use a rigorous, disciplined, and structured approach that is based on the principles of corporate finance. The breadth and integration of Kaufman Hall advisory services are unparalleled, encompassing strategy; financial and capital planning; cost transformation; treasury and capital markets management; and mergers, acquisitions, partnerships, and joint ventures.
Kaufman Hall software includes the Axiom Software Suite, providing sophisticated, flexible performance management solutions that empower finance professionals to analyze results, model the future, and optimize organizational decision making. Solutions for long-range planning, budgeting and forecasting, performance reporting, capital planning, and cost accounting deliver decision support, reporting, and analytics within an integrated software platform. Kaufman Hall’s Clinical Analytics empower healthcare organizations with clinical benchmarks, data, and analytics to provide a higher quality of care for optimized performance and improved patient outcomes.
Amendola Communications (for Kaufman Hall)