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News Release

Healthcare Insights Releases Enterprise Financial Planning and Forecasting

New INSIGHTS® Enterprise Edition module facilitates more accurate long-range financial planning and links plans to the budget.

 

Salt Lake City, Utah, May 15, 2009 — Healthcare Insights LLC (HCI), the leading provider of technically advanced financial decision support software and service solutions to the healthcare industry, today announced the launch of Enterprise Financial Planning and Forecasting ("Enterprise Planning"). It is the latest add-on released under the INSIGHTS Enterprise Edition banner, which represents a sophisticated suite of fully integrated extensions of the core INSIGHTS solution developed by HCI to offer advanced functionality. Enterprise Planning is a comprehensive, project-based modeling solution that supports any number of independent planning projects. It also easily links the organization's financial plan with the budget, saving time by automatically sharing common salary, capital, operating, and related information.

 

With just a few mouse clicks, Enterprise Planning can project future income statements, balance sheets, cash flow statements, and more at any level of detail up to 20 years forward. Plans can be prepared to analyze and compare short-term versus long-term scenarios and assess outcomes by department, responsibility, or organization wide. Enterprise Planning prepares detailed financial plans in days rather than weeks or months. Continually updated financial plans can be added as part of the organization's regular management and review process. Plan results can be presented at a high level that is appropriate for the Board of Directors, bankers, or credit rating agencies, while the same information is reported to the executive team with full detail by department and account.

 

"Most competing products offer limited functionality and rely on out-of-date technology," said Mary Grace Wilkus, HCI Chief Software Architect. "Many are built using Microsoft Excel or similar tools with systems of menus, toolbars, task panes, and dialog boxes. Over time, as additional features are added, the systems of menus and toolbars do not work as well. Too many program features become too hard for many users to find. For this reason, Enterprise Planning is designed with current 'ribbon' technology to make it easier for people to find and use the full range of planning features. Enterprise Planning has fewer distractions for users, so they can spend more time and energy focused on their work. It also makes it much easier to produce great results, link financial operations with strategic goals, and make better decisions every day."

 

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