|[February 25, 2014]
Barnabas Health Selects Kaufman Hall's Software Tools to Drive Next-Generation Financial Management
SKOKIE, Ill. --(Business Wire)--
Hall and Associates, a leading provider of integrated management
software for healthcare organizations, is pleased to announce that Barnabas
Health, the largest integrated healthcare delivery system in New
Jersey, has licensed Kaufman Hall's Hospital
Advisor® and Budget
Advisor® software products to support financial decision making
throughout the organization.
Based in West Orange (News - Alert), NJ, Barnabas provides treatment and services for
more than two million patients annually through a network that includes
six acute care hospitals, two children's hospitals, ambulatory care
centers, geriatric centers, a free-standing behavioral health center,
New Jersey's largest statewide behavioral health network, comprehensive
home care and hospice programs, pharmacy services, multi-site imaging
centers, three accountable care organizations, and a medical group. The
system is comprised of 18,500 employees, making Barnabas the second
largest private employer in New Jersey, and 4,600 physicians,
representing one-fifth of the state's actively practicing physicians.
With healthcare reform creating new challnges to the way hospitals and
health system plan and manage their operations, Barnabas identified the
need for a next-generation financial management system that will help
the organization understand the impact of industry changes that are
occurring and be nimble and effective in its response.
"We conducted a rigorous review and selection process, and Kaufman Hall
clearly stood out as the firm best equipped to meet our diverse needs,"
said Jay Picerno, Barnabas' Chief Operating and Financial Officer. "The
breadth and depth of its products and services gives us great confidence
that we have selected a partner that will help Barnabas take a major
step forward in how we plan and manage our organization."
The advanced reform modeling and risk analysis capabilities within
Kaufman Hall's Hospital Advisor software will enable Barnabas to run
sophisticated scenarios related to reimbursement, volume, and expenses
to ensure strategies are in alignment with its long-range financial
plan. In addition, as Barnabas implements a new Rolling Forecasting
process to supplement annual budgeting later this year, the organization
will be able to use Kaufman Hall's Budget Advisor to translate changes
in key business drivers into new financial projections.
The organization also will utilize Budget Advisor's extensive
capabilities for facilitating budgeting and reporting with medical
groups and conducting financial variance analysis.
"Barnabas has recognized the important role that strong analytics play
in today's healthcare environment," said Ken Kaufman, Chair of Kaufman
Hall. "Kaufman Hall is proud to partner with the organization and
provide the software that will help Barnabas continue on a strong path
To learn more about Kaufman Hall's software tools, please visit www.kaufmanhall.com
or contact Senior Vice President Russ Anderson at 847.441.8780 or email@example.com.
About Barnabas Health
Barnabas Health is the largest not-for-profit integrated health care
delivery system in New Jersey and one of the largest in the nation, with
more than two million patient visits and delivery of more than 17,600
babies annually. The system includes six acute care hospitals, two
children's hospitals, a freestanding behavioral health center,
ambulatory care centers, geriatric centers, the state's largest
behavioral health network, comprehensive home care and hospice programs,
pharmacy services, a medical group and two accountable care
organizations. As the second-largest private employer in New Jersey,
Barnabas Health includes 18,200 employees and 4,600 physicians - or
one-fifth of the actively practicing physicians in New Jersey. For more
information, visit www.barnabashealth.org.
About Kaufman Hall
Since 1985, Kaufman Hall has been a leading software provider and
advisor to hospitals and health systems, helping them incorporate proven
methods into their strategic and financial management processes and
consistently achieve their goals. Kaufman Hall continues to be
exclusively focused on helping healthcare organizations succeed in a
rapidly changing industry. We contribute to our clients' success by
providing the industry's most advanced offering of integrated management
solutions, which includes consulting services and software tools
designed to facilitate and sustain organizational improvement. More than
600 hospitals and health systems across the country use Kaufman Hall
software to help plan and manage their operations. To learn more, please
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