Electronic Health Reporter

LIBERTYVILLE, Ill., Feb. 4, 2014 /PRNewswire/ — For the third consecutive year, Healthcare Insights, LLC (HCI), a leading provider of financial management and decision-support solutions for the healthcare industry, has earned a #1 spot in the Best in KLAS Awards: Software and Services, Market Segment Category, Budgeting.

KLAS annually compiles a report of the best-performing healthcare information technology (IT) products based on more than 18,000 candid interviews with healthcare providers. KLAS uses this feedback to independently monitor and measure product quality, implementation, service, and support.

Receiving the coveted KLAS award three years in a row is a significant accomplishment for HCI. Since INSIGHTS was first recognized in 2011, the field of healthcare financial management and analytics has grown exponentially and so has market competition.

“Hospitals generate a tremendous volume and variety of clinical, financial, administrative, and demographic data. And typically the data resides in disparate and disconnected databases and transaction systems.” said Steven Berger, HCI president. “This data explosion is the result of both technological advances in the industry and intensifying pressure from the public, insurance companies, and the government to control the costs associated with delivering efficient, value-driven patient services. But without timely access and accurate analysis, hospitals simply can’t turn all that data into actionable information.”

Currently in use at hundreds of hospitals nationwide, INSIGHTS integrates micro-level financial and operational data in real time from across the enterprise into an understandable, interactive, common language with intelligent analytics already built in. It simplifies and automates budget workflow. Capital and operating budgets that used to take weeks or even months to prepare can be done in days. In addition, hospitals can use INSIGHTS to seamlessly integrate financial planning with budgeting by exporting the organization’s long-term financial plan directly into the working budget. The end result is that INSIGHTS enables hospital executives and managers – most of whom are not trained in finance – to drive out unnecessary costs while elevating the level of patient care.

“We are extremely proud that INSIGHTS has earned top KLAS honors not once, but three years in a row, during one of the most competitive chapters in our industry’s history,” said Berger. “We believe this accomplishment demonstrates the satisfaction and success healthcare providers experience with INSIGHTS and confirms our commitment to providing superior functionality with industry-leading customer training and support.”

About KLAS:
KLAS is a research firm that annually surveys managers and executives at more than 4,500 hospitals and 3,000+ doctor’s offices and clinics nationwide and gathers data on software, services, and infrastructure systems. KLAS measures and ranks the performance of products and vendors and delivers timely reports, trends, and statistical overviews. For more information, go to http://www.KLASresearch.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.