Skokie, IL, February 18, 2016 – Today, Kaufman, Hall & Associates, LLC, a leading provider of integrated strategic, capital, financial, and transaction advisory services and software tools, announced that it has made an investment in Total Benchmark Solution, LLC, a leading provider of benchmarking and analytics solutions that enable healthcare organizations to improve clinical, financial, and business performance.
The two companies will combine their complementary strengths to fulfill the growing need among healthcare organizations for integrated, data-driven insights, strategies, and tools.
“Total Benchmark Solution is highly respected for its benchmarking and analytics, particularly in the area of clinical care,” said Therese Wareham, CEO and Managing Director of Kaufman Hall. “With the healthcare system’s movement toward value-based care, these tools are more critical than ever and are a natural fit with Kaufman Hall’s advisory services and software solutions.”
“We are very pleased to be affiliated with a company of Kaufman Hall’s influence and track record of success,” said John O’Brien, President and CEO of Total Benchmark Solution. “We look forward to working with Kaufman Hall to provide value to an even broader range of healthcare organizations.”
About Kaufman Hall
Kaufman Hall provides management consulting services and enterprise performance management software that help organizations realize sustained success amid changing market conditions. Since 1985, we have been a trusted advisor to hospitals and health systems, helping them incorporate proven methods into their strategic planning and financial management processes, and quantify the financial impact of their plans to consistently achieve their goals.
Kaufman Hall helps clients identify and execute strategic initiatives that drive market and financial performance; provides financial advisory services to clients seeking capital; prepares and implements integrated strategic, financial, and capital plans; designs comprehensive capital allocation processes; and assists in the evaluation, structuring, and negotiation of partnership and divestiture opportunities.
Additionally, Kaufman Hall provides sophisticated, integrated, and intuitive software solutions for long-range planning, budgeting, forecasting, reporting, capital planning, profitability, and cost management on a single integrated software platform.
About Total Benchmark Solution
Total Benchmark Solution, LLC, (TBS) is a leading provider of benchmarking and analytics that enable hospitals and healthcare organizations to improve clinical, financial and other aspects of performance. Operational since 2003, TBS offers a variety of services leveraging its PEAK™ Analytic platform to supplement health care provider leadership with the insight necessary to address current and future opportunities with a clear roadmap for success. TBS management expertise, experience with large-scale implementations, clinical and financial acumen, and ability to track and compare the performance of multiple clinical and financial healthcare disciplines, serves as the foundation for the services it provides. The combination of our flexible platforms and industry know-how enables TBS to provide a fully realized comprehensive solution to determine current and projected opportunities relative to quality, patient safety, patient satisfaction and utilization for healthcare organizations.