NEW YORK - Jun 23, 2014
Infor, a leading provider of business application software serving more than 70,000 customers, today announced that Community Medical Centers, the Fresno, Calif., region's largest health care provider and private employer, has signed on as a development partner for Infor TrueCost, part of the Infor Healthcare suite of solutions. Generally available later this year, Infor TrueCost offers clinical and operational leaders near real-time, actual labor and supply cost information across the entire care continuum to help manage and reduce costs.
"Every day we face new challenges supporting the evolving environment of accountable, patient-centered care, and the shift to value-based reimbursement. Knowing we wanted to get ahead of the curve, and be able to better track and measure direct, actual, real-time patient costs in order set our organization up for success, partnering with Infor on TrueCost was a clear choice for us," said Tim Brown, director of Business Systems, Community Medical Centers. "Infor has been a trusted advisor and partner to us, and we are excited to kick-off this project."
Infor TrueCost will deliver innovative tools with near real-time data on labor and supply costs at the patient level to help optimize the cost of care. As a result, users will be able to capture labor costs which can aid in adjusting staffing levels based on patient needs, streamline ordering and delivery of supplies, receive real-time information about patient requirements and aggregate operational and clinical data so leaders can get actionable information faster, while helping to maintain patient confidentiality by offering HIPAA-compliant data protection.
In addition, Infor TrueCost will provide analysis and risk management in a value-based environment to support the transformation to an ACO organization. Teams will be able to proactively manage patient costs with a solution that delivers actual patient and supply information directly to managers, support operational and fiscal efficiency, and help identify variations in patient care in acute and sub-acute settings.
"In order to successfully reduce cost, you first need to know where it's coming from. Infor TrueCost offers healthcare organizations the tools to determine actual direct variable patient costs in near real-time, which ultimately helps them to focus more on offering safe, quality care to the communities they serve," said Barry Chaiken, chief medical information officer, Infor. "We are excited to partner with Community Medical Centers on this project."
Infor is fundamentally changing the way information is published and consumed in the enterprise, helping 70,000 customers in more than 200 countries and territories improve operations, drive growth, and quickly adapt to changes in business demands. Infor offers deep industry-specific applications and suites, engineered for speed, and with an innovative user experience design that is simple, transparent, and elegant. Infor provides flexible deployment options that give customers a choice to run their businesses in the cloud, on-premises, or both. To learn more about Infor, please visit www.infor.com.
Infor customers include:
- 19 of the top 20 aerospace companies
- 12 of the top 13 high tech companies
- 10 of the top 10 pharmaceutical companies
- 21 of the 25 largest US health delivery networks
- 16 of the 20 largest US cities
- 84 of the top 100 automotive suppliers
- 31 of the top 50 industrial distributors
- 5 of the top 9 brewers
This announcement reflects the direction Infor may take with regard to the specific product(s) described herein, all of which is subject to change by Infor in its sole discretion, with or without notice to you. This announcement is not a commitment to you in any way and you should not rely on this document or any of its content in making any decision. Infor is not committing to develop or deliver any specified enhancement, upgrade, product or functionality, even if such is described in this announcement and even if such description is accompanied by words such as "anticipate," "believe," "expect," "intend," "may," "plan," "project," "predict," "should," "will," and/or similar expressions. Many factors can affect Infor's product development plans and the nature, content and timing of future product releases, all of which remain in the sole discretion of Infor. This announcement, in whole or in part, may not be incorporated into any contractual agreement with Infor or its subsidiaries or affiliates. Infor expressly disclaims any liability with respect to this announcement.