[April 13, 2015] |
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Kronos Named Leader in Helping Healthcare Organizations Optimize Their Workforces
Kronos
Incorporated today announced that, according to a new global study
published by IHS (News - Alert) Technology (NYSE: IHS), Kronos is the leader in market
share in the medical human capital management market.
News Facts
-
The "World
Market for Medical Human Capital Management - 2014"1
IHS study explored software and services that assist healthcare
facilities with the management, maintenance, and optimization of their
workforce such as time and attendance, staffing and scheduling,
analytics, patient classification, payroll, and talent management.
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According to IHS data in the report, Kronos (News - Alert) accounts for 11.6 percent
of the world market for medical human capital management solutions,
nearly double the market share of other leading suppliers of such
solutions.
-
The study also found that cloud activity is showing considerable
uptake in the market, and as a percentage of total revenue, is
predicted to rise from 43.1 percent in 2013 to 55.4 percent in 2019. Growth
of the Kronos Cloud - the fastest-growing part of Kronos' business
- is a solid indication of this trend.
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Kronos solutions are used by more than 10,000 hospitals, health
systems, and long-term care facilities. Many of these organizations
are increasingly selecting or migrating from on-premise deployments to
the Kronos Cloud for added flexibility and faster return on
investment, including Greene Acres Nursing Home, Independence Health
System, Las Ventanas Retirement, Murray-Calloway County Hospital,
Panama City Surgery, Sioux Falls Specialty Hospital, Southwest
Mississippi Regional Medical Center, Tiffany Care Centers, White Oak
Management, and Willamette Dental Group.
-
Another recent global study of workforce mangement solutions
published by IHS - "The
Workforce Management Solutions - World Report"2 - found
that Kronos continues to outpace the workforce management solutions
market and is the only leading vendor to see market share gains.
Supporting Quotes
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Susan M. Reese, MBA, RN, CPHIMS, director, healthcare practice
group, Kronos
"In order to deliver the best care to patients,
healthcare organizations must begin with the best possible workforce
management solution for their staff. Kronos has a proven track record
as one of the leading technology vendors in the healthcare market.
Thousands of healthcare organizations have turned to Kronos to help
control labor costs, minimize compliance risk, improve workforce
productivity, and, ultimately deliver high levels of employee and
patient satisfaction."
Supporting Resources
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Kronos made this announcement from the HIMSS Annual Conference &
Exhibition being held in Chicago from April 12-16. Kronos is
exhibiting in booth #1256.
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Twitter,
Google+,
LinkedIn,
and YouTube.
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About Kronos Incorporated
Kronos is the global leader in delivering workforce management solutions
in the cloud. Tens of thousands of organizations in more than 100
countries - including more than half of the Fortune 1000® - use Kronos
to control labor costs, minimize compliance risk, and improve workforce
productivity. Learn more about Kronos industry-specific time and
attendance, scheduling, absence management, HR and payroll, hiring, and
labor analytics applications at www.kronos.com.
Kronos: Workforce Innovation That Works™.
© 2015 Kronos Incorporated. All rights reserved. Kronos and the Kronos
logo are registered trademarks and Workforce Innovation That Works is a
trademark of Kronos Incorporated or a related company. See a complete
list of Kronos
trademarks. All other trademarks, if any, are property of their
respective owners.
1 Andrew Rebhan, World Market for Medical Human Capital
Management - 2014 (November 2014) (refer to p. 40 and 113 for
statistics cited above). 2 Sam Grinter, Workforce
Management Solutions - World - 2014 (April 2014), at 122.
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