Palomar Health to Implement Full Suite of Kaufman Hall Budgeting, Cost Accounting and Decision Support Software
Healthcare System Expands Existing Relationship with Kaufman Hall Based on Acquisition of Axiom EPM and Comprehensive Software Offerings
January 20, 2015 — Skokie, IL — Kaufman Hall, a leading provider of strategic, capital and financial advisory services and software tools to healthcare organizations, today announced that San Diego-based healthcare system, Palomar Health, will implement its complete performance management solution. As a long-time management consulting client, Palomar Health was encouraged by Kaufman Hall’s recent acquisition of Axiom EPM – an industry-leading enterprise performance management software company – to expand its use of products to include a full suite of budgeting, cost accounting and decision support software.
Palomar Health was seeking a single, unified platform to integrate large amounts of disparate financial data into a trusted source that the organization’s decision-makers could easily and efficiently leverage. As it evaluated software solutions, Palomar Health realized that only Kaufman Hall provided the combination of expertise and sophisticated, integrated software needed to meet the evolving challenges and opportunities related to managing performance in an increasingly complex industry. Palomar Health will now have access to a robust set of products including Budgeting, Productivity Management, Reimbursement Modeling, Cost Accounting and Decision Support, Dashboards, Strategic Planning and Capital Planning.
“The combination of Kaufman Hall’s best-practice approach and Axiom EPM’s industry-leading technology truly brings together the best of both worlds,” said Diane Hansen, Palomar Health acting CFO. “The fact that we can now leverage the suite of solutions through a single, integrated platform will certainly ease our reporting burden and improve our access to the critical information we need to support our strategic planning initiatives.”
In the wake of healthcare reform, the ability to analyze historical data, accurately model the future and optimize organizational decision-making has become mission-critical. Palomar Health will now benefit from a high-value, flexible software solution to empower its leadership team to make the most informed financial decisions possible to ensure optimal outcomes.
“Like most premier regional health systems, Palomar Health must continually negotiate a number of strategic and financial management challenges,” said James Bodan, Executive Vice President of Kaufman Hall. “We are committed to Palomar Health’s success as we continue to provide both the expert consulting and the sophisticated software solutions needed to help the organization effectively navigate the demands of a changing healthcare industry.”
Over 1,000 healthcare providers utilize Kaufman Hall’s powerful combination of consulting and software to guide their organizations’ financial performance. Over 30 years of deep experience with a broad range of providers help inform its solutions, which incorporate best-practice methodologies, custom reports and interactive dashboards. With 100% implementation success, Kaufman Hall possesses the highest customer satisfaction ratings in the industry.
About Palomar Health
Palomar Health is the most comprehensive health care delivery system in northern San Diego County and the first and only California member of the Mayo Clinic Care Network. It is the largest public health-care district by area in the state, with more than 500,000 residents, and is governed by a publicly-elected board of directors. Palomar Health has several facilities serving North County, including hospitals in Escondido and Poway, expresscare health clinics in Escondido, Rancho Penasquitos, San Elijo Hills and Temecula, and a skilled nursing facility in Poway. The health system provides medical services in virtually all fields of medicine, including primary care, cardiovascular care, emergency services, trauma, cancer, orthopedics, women’s health, rehabilitation, robotic surgery and bariatric surgery. For more information about Palomar Health, please visit www.PalomarHealth.org.
About Kaufman Hall
Leveraging 30 years of experience, Kaufman Hall helps hospitals and health systems implement best practice strategic financial management, empowering organizations to reach their full potential. Combining management consulting and advisory services with innovative enterprise performance management applications, Kaufman Hall enables data-driven decision making that quantifies the financial impact of plans, scenarios, and actions. Kaufman Hall provides sophisticated, integrated, and intuitive software solutions for budgeting & forecasting, long-range planning, capital planning & management, performance reporting, and decision support & analytics, delivered on Axiom EPM’s unified platform via the cloud or on premise. To learn more, visit www.kaufmanhall.com.
Media Contact:Chanel Benoit
Aria Marketing for Kaufman Hall