Enhanced data-sharing capabilities will improve access and quality of information used to drive decision-making for common clients
CHICAGO – October 10, 2019 – Kaufman Hall, a leading provider of enterprise performance management (EPM) software, data, and management consulting services, today announced that Kaufman Hall’s Axiom Data Exchange application has joined the Epic App Orchard. This connection will advance how data is exchanged across the two companies’ platforms and strengthen healthcare organizations’ abilities to leverage cost data to improve care delivery.
The integration expands existing data-sharing capabilities and will help common clients — which include over 150 integrated delivery networks (IDNs) and more than 1,000 facilities — leverage the data in Epic to improve the accuracy and automation of care delivery costs. The automated exchange will easily and securely share data across Epic’s Data Warehouse and Kaufman Hall’s Axiom Cost Accounting and Decision Support solutions.
“Streamlining how cost-of-care data can be shared across our applications isn’t about delivering more healthcare data, it’s about using data to deliver information that guides performance improvement,” said Kermit Randa, chief executive officer of Kaufman Hall Software. “We are committed to data strategies and solutions that help health providers and health systems achieve improved financial and clinical outcomes. We see this evolution in the way we exchange data as an opportunity to turn large volumes of healthcare data stored in disparate systems into actionable insights that are available quickly so healthcare leaders can make informed clinical and financial decisions.”
Building on existing data integration capabilities with Epic, this connection will better enable the straightforward synchronization of actual cost information from several departments — including pharmacy, surgery, cardiology and more — with Kaufman Hall’s Axiom Cost Accounting solution where it will join thousands of other data points for cost-of-care analysis.
Kaufman Hall is also working to extend current extract capabilities of integration to create bi-directional integration with Epic. Two-way integration of cost information will make cost information dynamic and readily available to users of Epic. Providing clinicians with financially oriented information right within their daily workflow is a key contributor to bending the cost curve in healthcare.
“We’re excited that Kaufman Hall is able to accelerate data exchange and establish bi-directional integration,” said Marc Stanislas, Network Vice President, Treasury & Financial Services at University of Vermont Health Network. “This level of connectivity is much more than data sharing, it’s powerful information that will unlock insights we can leverage to improve care and costs. We’re grateful to partner with two organizations who focus on our needs and deliver real world solutions.”
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
Epic and App Orchard are trademarks or registered trademarks of Epic Systems Corporation.
Amendola Communications (for Kaufman Hall)