EPSi, Allscripts flagship budgeting, long-range planning, cost accounting and financial decision support platform, is entering the new year with momentum after signing several new clients in the fourth quarter of 2016.
EPSi is a leader in integrated financial decision support, budgeting and planning solutions for the healthcare industry. More than 900 hospitals in the U.S., including nine of the top 10 rated hospitals, 128 IDN systems, and 40 global academic facilities rely on EPSi for data-driven insight into managing costs and improving their long-range financial performance.
Beaumont Health System chose EPSi as it went through a concentrated effort to consolidate all functional applications after a recent merger of its 8 hospital facilities. EPSi will drive Beaumont’s key financial planning and decision support processes, building an annual operating budget and creating a full system-wide decision support capability procedure that will help Beaumont manage the shift to value-based care reimbursement and bundled payments. EPSi will also enable Beaumont to facilitate long-range financial planning across its newly merged system.
“Allscripts EPSi will unlock an integrated view of our finances and operations across our entire health system,” said John Kerndl, Executive Vice President and CFO. “This broad view enables us to better plan for our financial health and will help us in our transition from volume to value.”
Yuma Regional Medical Center will use EPSi to help achieve its operating budget for the next fiscal year and optimize its financial plan for the future. Yuma Regional will also use EPSi to implement a fully functional decision support and cost accounting process, which is expected to positively impact its organizational performance profitability.
“EPSi will help us combine clinical and financial data for more complete and accurate decision support information,” said David Willie, Yuma Regional Chief Financial Officer. “EPSi offers deeper functionality and an integrated data model that we didn’t find in other solutions in the market.”
Wise Health System selected EPSi for its integrated cost accounting, budgeting and long range planning, reporting and analytics tools that will help drive Wise Health’s strategic financial decisions. Wise Health expects to be able to plan budgets more accurately and efficiently, and connect to powerful long-range planning and forecasting capabilities.
Wise Health is also contracted to use Allscripts Sunrise™, a highly configurable electronic health record that offers workflows to help drive adoption of clinical decision support, and CareInMotion™, a comprehensive, adaptable framework that enables healthcare organizations to address their specific population health priorities, such as connectivity, care coordination, analytics and patient engagement.
“Healthcare systems face increasingly complex demands on their financial organizations. New requirements such as bundled payments, accountable care organizations and population health initiatives are forcing hospitals to analyze more data than ever,” said Ralph Keiser, EPSi Chief Executive Officer. “EPSi provides the tools clients need to incorporate, analyze and utilize data to drive the organizational transformation required to succeed in the transition from volume to value. We are powering the value equation in population health management.”