October 9, 2008
onFocus Healthcare Secures Investment, Boosts Hospital Performance Management Software Sales
NASHVILLE, Tenn., Oct. 9 /PRNewswire-FirstCall/ -- onFocus Healthcare, Inc., today announced the successful completion of a private equity financing led by local investment firm Solidus Company and other investors. The financing will accelerate adoption of the onFocus|epm(TM) "Enterprise Performance Management" (EPM) software suite by executive teams at hospitals and other healthcare settings across North America.
onFocus Healthcare was formerly known as m21partners, a highly respected healthcare consulting firm founded by former HCA executive Ron Galbraith. The new company has developed a first-of-its-kind EPM system that allows hospital executives to achieve better strategic and operating results. Galbraith will continue as Chairman and Chief Consulting Officer of the new company.
Company president and CEO Steven Mason, Jr., is a veteran healthcare entrepreneur who previously co-founded Qualifacts Systems, Inc. In addition to Mason, co-founders Galbraith, Jim Stokes and Jerry Reardon are industry leaders with more than 80 years of experience in healthcare. Michael Pote, another veteran healthcare executive who has served in executive roles at HCA and HealthStream, leads the onFocus|epm sales and marketing team.
"We believe that in today's competitive healthcare market, the difference between being a peak versus a marginal performer depends on one thing: execution -- quick, predictable and easily monitored," said Mason. "onFocus|epm is the first fully integrated healthcare solution that executives can use to ensure strategic execution, improve operational performance and monitor key trends and indicators at all levels of their enterprise."
Maggie Gill, Senior Vice President and Chief Operating Officer at Memorial University Medical Center in Savannah, Ga., is an early user of the solution.
"This application brings immediate clarity and accountability to everyone responsible for reaching our hospital goals," she said. "We use the onFocus|epm system to establish strategic priorities, align management action plans with these priorities and measure tactical performance against key financial, clinical and quality indicators. On a day-to-day basis, we monitor performance and make adjustments as needed to achieve our goals."
Without replacing or adding new systems, onFocus|epm links data from key performance indicators from across the hospital with strategic and operational objectives, action planning, progress tracking, alerting and reporting through a single "closed loop" Web application that is easily accessed by decision makers throughout the organization -- enabling hospital leaders and managers to more efficiently and effectively direct, coordinate, measure and improve the performance of their organization on critical business objectives.
For more information about onFocus, visit http://www.onfocushealthcare.com/ .
onFocus Healthcare, Inc.
Web site: http://www.onfocushealthcare.com/