December 11, 2007
St. Joseph Health System Selects EPSi for Financial Performance Management and Decision Support Applications
ST. LOUIS, Dec. 11 /PRNewswire/ -- Enterprise Performance Systems, Inc. (EPSi), a leading provider of financial decision support systems announced today that St. Joseph Health System has signed a system-wide license agreement for EPSi's suite of solutions including Enterprise Budgeting, Cost Accounting, Product Line Analysis, Reporting and Executive Management Dashboard. These solutions will replace the currently utilized software applications as well as provide new tools to better facilitate key strategic processes such as St. Joseph Health System's budgeting and reporting functions.
"This partnership with EPSi will enable St. Joseph Health System to dramatically improve our financial management, decision making and operations oversight capabilities," said Darrin Montalvo, Chief Financial Officer of St. Joseph Health System. "After an extensive and detailed selection process, our corporate and hospital leadership unanimously voted to partner with EPSi, and we look forward to a successful, long term relationship."
"This decision further confirms EPSi's position as the market leader in healthcare financial decision support," said Tim Rutledge, CEO of EPSi. "We are thrilled to have the opportunity to work with an outstanding significant organization like the St. Joseph Health System. Our solutions will allow them to break new ground regarding how they plan and manage their daily operations as well as measure their broad financial, clinical and operational performance."
About St. Joseph Health System
St. Joseph Health System (SJHS) is an integrated healthcare delivery organization that exists to extend the Catholic healthcare ministry of the Sisters of St. Joseph of Orange. SJHS provides a broad range of medical services within three geographic regions -- Northern California, Southern California and West Texas/Eastern New Mexico. With net revenues of $3 billion, the system family is enriched by the services of more than 22,000 employees and includes 14 hospitals and three home health agencies, as well as hospice care, outpatient services, skilled nursing facilities and physician organizations. In 2007, SJHS provided more than $245 million in community benefit and care for the poor services.
St. Joseph Health System website: http://www.stjhs.org/ About EPSi
EPSi provides its Integrated Performance Improvement suite of web-based, integrated financial decision support applications that automate flexible budgeting, product line budgeting, productivity, cost accounting, financial modeling, contract management, product-line analysis, enterprise-wide reporting and executive dashboard presentation. EPSi's software solutions serve over 270 hospitals and health systems based on its advanced design and ability to broadly distribute application functionality, reporting and analytics to end users. EPSi's decision support solutions are ranked "Best in KLAS" in the Business Decision Support category in the "Top 20 Year End Best in KLAS Awards" report, published in December 2006 and are Number One in the Business Decision Support category in the "Top 20 Mid-Year Report Card", published in May, 2007.
EPSi Website: http://www.epsiconnect.com/
Contact: Ralph Keiser 512-829-4497
Enterprise Performance Systems, Inc.
CONTACT: Ralph Keiser of Enterprise Performance Systems, Inc.,+1-512-829-4497
Web site: http://www.epsiconnect.com/http://www.stjhs.org/