PeopleSoft Healthcare Scorecard Delivers Vital Signs for Hospitals; Improved Financial, Clinical, and Operational Performance Drive Rapid Customer Adoption.Business Editors/Health/Medical Writers 2004 Annual HIMSS HIMSS Healthcare Information and Management Systems Society Conference and Exhibition ORLANDO, Fla.--(BUSINESS WIRE)--Feb. 23, 2004 At the 2004 Annual HIMSS Conference, PeopleSoft Inc. (Nasdaq: PSFT PSFT PeopleSoft (stock symbol) PSFT Progressive Saturation Fourier Transform PSFT Prosoft-Technology, Inc ) today announced that PeopleSoft Healthcare Scorecard is experiencing rapid customer adoption. New Healthcare Scorecard customers include University Internal Medicine Associates (UIMA UIMA Unstructured Information Management Architecture (IBM) ) in Cincinnati, Rutland Hospital in Rutland, Vermont Rutland, Vermont may be:
The Scorecard delivers pre-packaged metrics and benchmarks for tracking performance. As a result, organizations can monitor key performance indicators Key Performance Indicators (KPI) are financial and non-financial metrics used to quantify objectives to reflect strategic performance of an organization. KPIs are used in Business Intelligence to assess the present state of the business and to prescribe a course of action. to make more informed business decisions. The PeopleSoft Healthcare Scorecard offers a real time, visual dashboard that enables managers to optimize hospital capacity and manage expenses using pre-built metrics such as Maintained Bed Occupancy and full-time equivalencies (FTE's) Per Adjusted Bed. The scorecard also provides a real-time view of metrics critical to supporting an organization's business strategy, including average length of stay, case mix index and census levels. "We currently do not have the tools to 'drill down' at the cost center level to determine the contribution of each hospital department or program. Therefore, past decisions were primarily based on historical data", said Barry M. Woerman, administrator, Tuolumne General Hospital. "It is our expectation that the PeopleSoft HealthCare Scorecard will provide the tools we need to make informed decisions based on financial data and productivity standards that are volume adjusted." "Healthcare organizations constantly struggle to balance costs with the quality of care," said Kevin Horigan, group vice president, PeopleSoft Public Services. "The PeopleSoft Healthcare Scorecard enables healthcare organizations to squeeze every penny out of administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. and apply them to patient care." About PeopleSoft PeopleSoft (Nasdaq: PSFT) is the world's second largest provider of enterprise application software with 12,100 customers in more than 25 industries and 150 countries. For more information, visit us at www.peoplesoft.com. PeopleSoft is a registered trademark of PeopleSoft, Inc. All other company and product names may be trademarks of their respective owners. |
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