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Eclipsys Introduces New Revenue Cycle Dashboard
Business Wire, June 23, 2008
Clients Using Easy-to-Deploy, Easy-to-Use Solution for Unmatched Visibility into Financial Key Performance Indicators
ATLANTA -- Eclipsys Corporation([R]) (NASDAQ: ECLP), The Outcomes Company([R]), today announced the market availability of a revenue cycle dashboard utilizing patented technology that enables a fast and powerful analytic tool to support improved financial performance and business decisions. With a broad set of customizable template reports and drill down capabilities into a wide variety of key performance indicators (KPIs) related to financial performance, the dashboard offers Eclipsys revenue cycle clients unmatched visibility into data pertaining to days in accounts receivable (AR), denials, credit balances, trends in claim errors, and more.
Eclipsys will showcase the revenue cycle dashboard along with its broad suite of revenue cycle solutions at the 2008 HFMA ANI Healthcare Finance Conference in Las Vegas, June 23-26, booth #244.
Children's Hospital in Omaha Gains Quick and Easy Views into KPIs
Children's Hospital in Omaha, one of the first organizations to use the new solution, is excited about the rich information that the tool will bring to its revenue cycle management. 'This dashboard gives us a way to achieve even greater benefits from Eclipsys' enterprise revenue cycle solutions," said Allana Cummings, vice president and chief information officer. "Now our leaders and revenue cycle staff can get quick and easy views into our KPIs. The application's powerful graphing tools will allow our team members to mine the data and identify root causes and solutions. We are still in the early stages of using the product, but we can already see where the tool will provide powerful insight into process improvement opportunities across our organization."
A Self-Service Tool Deployed Quickly and Cost-Effectively
Developed with Eclipsys through a strategic alliance with RSM McGladrey, a leader in business intelligence solutions for healthcare, the new dashboard features QlikView's patented, in-memory association technology to deliver a simple, self-service tool that can be deployed quickly and cost-effectively.
According to Keith J. Figlioli, Eclipsys' vice president and general manager, Revenue Cycle, the new revenue cycle dashboard serves to complement Eclipsys' leading market position in offering proven financial solutions to healthcare organizations.
"Dashboards empower users to make informed decisions in a timely manner and eliminate the resource intensive demand involved in collecting and analyzing data provided in flash reports," he explained. "By offering our clients this cost-effective and efficient way to create dashboard capabilities, we're not only delivering a great tool for improving financial performance, we're enabling quick, informed decision making to fix breakdowns in operational workflow."
The revenue cycle dashboard is a module of Eclipsys' Sunrise Access Manager[TM] and Sunrise Patient Financials[TM] solutions. The Web-enabled dashboard operates as a self-contained appliance remotely monitored for technical issues and performance. Hospital staff can access the dashboard views via an internet connection. Data supporting financial analytic views is extracted and updated nightly resulting in minimum impact to the ongoing system operations of the client.
About RSM McGladrey
RSM McGladrey Inc. is a leading professional services firm providing accounting, tax and business consulting. RSM McGladrey operates in an alternative practice structure with McGladrey & Pullen LLP, a partner-owned CPA firm that delivers audit and attest services. Through separate and independent legal entities, they work together to serve clients' business needs. Together, the companies rank as the fifth largest U.S. provider of accounting, tax and business consulting services (source: Accounting Today), with 8,000 professionals and associates in nearly 100 offices. RSM McGladrey Inc. and McGladrey & Pullen LLP are member firms of RSM International, an affiliation of independent accounting and consulting firms. RSM McGladrey is the official accounting, tax and business consulting firm of The PGA of America.
About Eclipsys
Eclipsys is a leading provider of advanced integrated clinical, revenue cycle and access management software, clinical content and professional services that help healthcare organizations improve clinical, financial, operational and client satisfaction outcomes. For more information, see www.eclipsys.com or email info@eclipsys.com.
Statements in this news release concerning the benefits provided by Eclipsys software and implementation services are forward-looking statements and actual results may differ from those projected due to a variety of risks and uncertainties. Implementation and customization of Eclipsys software is complex and time-consuming. Results depend upon a variety of factors and can vary by client. Each client's circumstances are unique and may include unforeseen issues that make it more difficult than anticipated to implement or derive benefit from software or services. The success and timeliness of the company's services will depend at least in part upon client involvement, which can be difficult to control. Eclipsys is required to meet specified performance standards, and the contract can be terminated or its scope reduced under certain circumstances. More information about company risks is available in recent Form 10-Q and 10-K filings made by Eclipsys from time to time with the Securities and Exchange Commission. Special attention is directed to the portions of those documents entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations." Eclipsys Corporation and The Outcomes Company are registered trademarks of Eclipsys Corporation. Sunrise Clinical Manager, Sunrise Acute Care, Sunrise Emergency Care, Sunrise Knowledge-Based Charting, Sunrise Medication Management and Sunrise Ambulatory Care are trademarks of Eclipsys Corporation. Other product and company names in this news release are trademarks and/or registered trademarks of their respective companies.
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