Kaufman Hall firm grows relationship with Parkland Health System with use of full integration suite
Parkland will now utilize cost accounting and capital planning solution software, putting it's financial planning analytics on singular platform.
Kaufman Hall, a financial advisory and management consulting firm, has expanded an existing partnership with the Parkland Health and Hospital System in Dallas, Texas. Parkland recently upgraded to Kaufman Hall's enhanced financial management software, and also added some cost accounting and capital planning solutions to its repertoire.
Parkland had been a Kaufman Hall customer since 2002, tapping its financial planning software. Now it will utilize all of Kaufman's integration capabilities, putting all of its financial planning and analytics on a single platform.
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The platform allows finance professionals to analyze data and make some predictions about the future. The company's cost-accounting approach provides the framework for performing accurate patient-level cost analysis, while the capital planning solution features modeling tools; those tools help organizations determine which requests for capital are worth funding.
James Bodan, executive vice president of Kaufman Hall's Healthcare Software Division, said in a statement that the modern healthcare industry requires a disciplined approach to cost accounting and capital planning.
"In today's value-based world," he said, "full visibility into financial and clinical data … is a critical success factor."
Twitter: @JELagasse
