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University of Virginia Department of Medicine Prescribes Business Intelligence From Information Builders for a Healthy Bottom Line

Posted on: Monday, 7 April 2008, 09:00 CDT

Information Builders, the independent leader in production business intelligence (BI) systems, is pleased to announce that The University of Virginia Department of Medicine recently chose the WebFOCUS BI platform to help streamline clinical and financial reporting across ten divisions.

The Department of Medicine had two accounting systems: one for the Health Services Foundation, the other for the School of Medicine. These disparate systems were making it difficult for accounting pros to create consolidated financial reports and deliver information to a diverse user base, which includes physicians, clinical administrators, and department heads with varying skill levels.

"We needed a reporting environment that was easy to use and could handle the needs of our physicians, as well as our clinical and department administrators," said Elizabeth Wildman, vice chair and chief operating officer for the Department of Medicine. "WebFOCUS provides a platform to bring together data from diverse systems to enable unified data analysis at multiple levels. We now have a single reporting tool to take care of our most acute business needs."

The University of Virginia Department of Medicine successfully implemented Information Builders WebFOCUS, merging financial reports, faculty remuneration plans, and clinical billing reports. More than 150 users now depend on WebFOCUS to bridge the school's two accounting systems and satisfy a diverse set of reporting requirements, including the ability to tightly integrate the new reports with Microsoft Excel. Additionally, WebFOCUS combines Microsoft SQL Server data with information from Oracle Financials, Epicor Financials, and a clinical billing system.

Faculty members use WebFOCUS to track their financials and review administrative information. Because faculty and staff members do not need special software to run WebFOCUS reports, they can easily access them from home or while traveling. They can quickly obtain information on finances, expenditures, and on clinical revenue, drilling down to review specific cases. According to Wildman, WebFOCUS improves the efficiency of employees throughout the organization, with direct savings of more than $150,000 per year. In one instance, a set of reports that took one month to produce with Excel is being created with WebFOCUS in three hours.

"The University of Virginia Department of Medicine has demonstrated how healthcare organizations can improve internal efficiencies to empower both doctors and administrators with the right information, leading them to be fiscally responsible," said Gerald Cohen, CEO and founder, Information Builders. "Business intelligence technology is the remedy for increased efficiency and better understanding that allows the Department of Medicine to analyze business data more thoroughly and make better business decisions."

The Department of Medicine has future plans to build an ad hoc reporting environment that will enable administrators to conduct their own analysis and create libraries of custom reports. The Department of Medicine plans on extending its reporting system with HR, grants management and budget models.

About the University of Virginia Health Center

The University of Virginia Department of Medicine, which is overseen by The University of Virginia School of Medicine, is ranked 10th in the nation among state-assisted medical schools and consistently attracts the nation's brightest students and most distinguished faculty members. With 23 research centers, the school makes discoveries that lead to new and better therapies, especially in the areas of cancer, cardiovascular disease, neurodegenerative disease and vaccine development.

About Information Builders

Information Builders award-winning combination of business intelligence and enterprise integration software has been providing innovative solutions to more than 12,000 customers for the past 30 years. WebFOCUS is the world's most widely utilized business intelligence platform. It provides the security, scalability, and flexibility needed at every level of global extended enterprises. Its simplicity helps create executive, analytical, and operational applications that reach dozens to millions of users. Information Builders iWay Software suite provides state-of-the-art, multi-purpose, pre-built integration components that address all SOA, application, data, and information management requirements. Its integration adapters have been adopted by the leading software platform providers. Together, these products give Information Builders customers the ability to live up to the company motto: "Your Business. No Barriers."

Information Builders award-winning technology has successfully provided quality software and superior services to more than 12,000 customers, including most of the Fortune 100 and U.S. federal government agencies. Headquartered in New York City with 90 offices worldwide, the company employs 1,450 people and has more than 350 business partners. For more information visit http://www.informationbuilders.com.

 Press Contacts: Kathleen Moran Information Builders (917) 339-6313 Email Contact  Jennifer Moebius Emerge PR (617) 729-3183 Email Contact

SOURCE: Information Builders

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