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Performance measurement

Hospital for Sick Kids implements Avega

TORONTO – The Hospital for Sick Children recently purchased Avega Health Systems’ Alliance Decision Support solution and Key Indicators Executive Dashboard. Avega Health Systems is a subsidiary of MedAssets Inc., of Atlanta.

With the Avega Alliance Suite, The Hospital for Sick Children (Sick Kids)is able to integrate financial, clinical and administrative information to support decision-making across the healthcare enterprise. Combining OLAP and Ad-Hoc reporting with a web-based distribution tool, Alliance helps Sick Kids improve clinical performance, control costs, manage and negotiate contracts, develop budgets and analyze productivity across the organization.

“This exciting opportunity allows Sick Kids to look at information in new ways,” says Angela Holtham, chief financial officer and vice president, finance at Sick Kids. “It helps us to better understand our business and make significant progress towards operational excellence. Operational excellence is essential to our continuing success as a world-class pediatric academic health sciences center.”

The Hospital for Sick Children, affiliated with the University of Toronto, is Canada’s most research-intensive hospital and the largest centre dedicated to improving children’s health in the country. As innovators in child health, Sick Kids improves the health of children by integrating care, research and teaching.

With a staff that includes professionals from all disciplines of healthcare and research, SickKids provides the best in complex and specialized care by creating scientific and clinical advancements, sharing knowledge and expertise and championing the development of an accessible, comprehensive and sustainable child health system. In 2004/2005 Sick Kids saw over 300,000 clinic, medical day care and diagnostic visits, nearly 50,000 emergency visits, and performed nearly 12,000 operating room cases.

Avega is celebrating 23 years as a leading choice for healthcare decision-makers. Avega’s award-winning Alliance Suite provides the decision support, enterprise-wide reporting, data warehousing and operational support needed by healthcare providers. . In addition to its main office in El Segundo, Calif., Avega maintains an office in Nashville, Tenn.

About MedAssets
MedAssets, headquartered in Atlanta, Georgia, improves healthcare providers’ margin and cash flow through revenue cycle and supply chain initiatives, as well as decision support technology and services. The newly formed MedAssets Analytical Systems offers supply chain analytics and decision support tools, while clinical and operational consulting services are provided through MedAssets’ subsidiary, Aspen Healthcare Metrics. Avega Health Systems, a subsidiary of MedAssets, was ranked “Best in KLAS” in Business Decision Support – KLAS Enterprises, LLC 2005. For more information about MedAssets, go to www.medassets.com.

 

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