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News Release

Healthcare Insights Announces Advanced Yet Easy-To-Use Cost Accounting Tool

New INSIGHTS® add-on offers healthcare leaders the data and functionality to determine relative hospital costs down to the individual patient level and improve financial decisions

 

Salt Lake City, Utah, March 15, 2010 — Today, Healthcare Insights LLC (HCI), the leading provider of financial management software for the healthcare industry, announced the launch of INSIGHTS Enterprise Cost Accounting (ECA). Reflecting the company's extensive experience in financial decision support and knowledge of the cost accounting process in healthcare, INSIGHTS ECA allows hospital staff access to sophisticated, yet easy-to-use, web-based cost accounting functionality. By simplifying an otherwise complicated process, it enables hospital financial managers to accurately assign and assess costs and dramatically simplify the development and maintenance of costing information.

 

INSIGHTS Enterprise Cost Accounting aids healthcare executives in fully understanding and efficiently managing the costs associated with every facet of delivering patient services. At its core is a sophisticated, business intelligence-based, case-mix data model storing patient-specific data down to the day-of-stay charge code detail. Presenting a more accurate representation of the financial dynamics of the entire enterprise, it fully integrates cost data with large volumes of patient-level clinical, resource utilization, and financial data into a single, structured easy-to-use database.

 

"In an industry with poor access to meaningful information, INSIGHTS ECA is designed to contribute more 'intelligence and simplicity' to the analysis and decision-making process." said David Beto, President of Nomise Systems, Inc., and the developer of INSIGHTS ECA. "This fully integrated add-on to INSIGHTS Core leverages the vast investment in unstructured data residing in hospital legacy systems. Based on the type of analytical information desired, it organizes data that has been extracted from a hospital's core information systems into structured views for analysis."

 

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

 

About Healthcare Insights LLC

Healthcare Insights LLC provides intelligent decision support and 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.

 

For Additional Information:

Thomas Johnston

Healthcare Insights LLC

Tel: 847-924-0122

Fax: 847-295-5213

tjohnston@hcillc.com