St. Francis Hospital & Health Center Reduces Time Spent on Budget Development by 70 Percent With Help From Healthcare Insights LLC.

Business Editors

LIBERTYVILLE, Ill.--(BUSINESS WIRE)--Jan. 20, 2004

INSIGHTS' proprietary technology enabled the finance team to

streamline processes to enhance patient care

Healthcare Insights LLC (HCI), the leading provider of financial management software for the healthcare industry, today announced that it helped St. Francis Hospital and Health Center of Blue Island, Illinois reduce the time spent on budget development by 70 percent. HCI's INSIGHTS technology, an integrated decision support and management accountability tool, also enabled finance managers to better plan, monitor and analyze expenses allowing the hospital to better apply the resources that provide quality care for patients. By automating various budgetary processes and eliminating redundant procedures, INSIGHTS significantly impacts the productivity within healthcare organizations. Reports can be produced within seconds as opposed to days, financial problems can be identified and corrected immediately and full budgets can be completed within weeks, instead of months.

St. Francis Hospital & Health Center's Vice President of Finance & CFO, David Nelson, uses HCI's INSIGHTS to streamline the budget process at St. Francis and provide the finance team with access to timely data in order to monitor expenses and operations and allocate resources in a cost-effective manner. INSIGHTS' diverse functionality assists department managers at St. Francis to drill down into precise details and also allows data to be automatically distributed throughout the institution, creating a more inclusive budget process and allowing each department to create its plans simultaneously.

"The finance and operations team needed a tool that would provide them with critical, financial data that identifies real expenses. Having used INSIGHTS at a previous organization, I knew this was the tool we needed. It allows the finance managers to monitor and analyze department expenses giving them greater control over the budget and financial planning. In addition, INSIGHTS automates many administrative and financial processes. As a result, we produced the budget at St. Francis in 30% of the time it usually takes," explains Nelson.

INSIGHTS is an integrated financial management solution designed by executives with years of experience in the healthcare industry. Steven Berger, founder and president of HCI, has nearly thirty years of healthcare financial management expertise, he and the executive team built a dynamic solution that addresses the constantly changing needs of healthcare institutions.

"INSIGHTS enables healthcare organizations to create dynamic, adaptable budgets that drives operations forward. The solution immediately delivers critical financial information that supports strategic decision making and easily accommodates ongoing changes and refinements to financial reports and plans," explained Berger. "Flexibility is essential in the healthcare environments and we are really pleased that INSIGHTS empowered St. Francis to streamline its financial processes yet still control costs and provide the quality care they are known for."

For additional information about Healthcare Insights and the customizable INSIGHTS product, visit the company's new website at www.hcillc.com.

About St. Francis Hospital & Health Center

St. Francis Hospital & Health Center is a Top 100 Cardiac Hospital owned and operated by SSM Health Care, the 2003 National Malcolm Baldrige Healthcare Award winner for quality and is sponsored by the Franciscan Sisters of Mary, whose convent is located in St. Louis, MO.

SSM Health Care is dedicated to providing health services and health education and operates nearly sixteen acute-care hospitals, in Oklahoma, Missouri, Illinois, and Wisconsin.

About Healthcare Insights LLC

Healthcare Insights LLC provides intelligent decision support management accountability software for the healthcare industry, as well as educational training and business application consulting services. The company's proprietary technology, INSIGHTS, allows small to large healthcare organizations to easily define, establish and monitor financial and non-financial goals. Corporate headquarters are located in Libertyville, Illinois. Healthcare Insights is accessible via the Internet at www.hcillc.com.