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Leading
Healthcare Organizations Embrace
Business Performance Solutions from PeopleSoft
Enterprise
Performance Management Enables
Healthcare Organizations to More Effectively Manage Resources
AUSTIN, Texas--(BUSINESS WIRE)--May 19,
2003--At its ninth annual Healthcare Industry User Group conference,
PeopleSoft, Inc. (Nasdaq: PSFT) today announced that more than 20
leading healthcare providers have licensed PeopleSoft's performance
management solutions during the past year. PeopleSoft's Enterprise
Performance Management (EPM) applications, including Enterprise
Scorecard, Activity-Based Management, Business Planning and Budgeting
and Enterprise Warehouse, provide healthcare managers a complete view
of their enterprise to analyze and track performance in real time. As
a result, organizations can rapidly align operations with strategic
goals and adapt quickly to change.
Healthcare customers licensing
PeopleSoft EPM solutions include: Valley Baptist Health System, El
Camino Hospital, Childrens Hospital Los Angeles, Dana-Farber Cancer
Institute, Memorial Sloan-Kettering, OSF HealthCare System, St. Joseph
Health System, and St. Luke's Episcopal Health System.
Valley Baptist Health System, a
Texas-based community health service institution, licensed
PeopleSoft's EPM solutions to streamline reporting, enable better and
faster decision-making and improve performance through analysis of key
operational data.
"PeopleSoft EPM provides the solid
foundation of a comprehensive data warehouse to build on for strategic
business analysis and planning," said Dennis S. Dewri, deputy
information officer at Valley Baptist Health System. "By using
the same performance indicators across all of our locations, we will
be able to compare and analyze similar business processes at each
facility to improve our operational efficiency and maximize our
performance."
Faced with rising costs, lower
investment returns and shrinking operating margins, healthcare
organizations need effective performance management tools to better
manage their budgets and streamline non-clinical processes. PeopleSoft
expanded its EPM solution with the new Healthcare Scorecard containing
healthcare-specific key performance indicators, which was announced
earlier this month.
"We have seen increasing demand
for healthcare analytics," said Tom Lindeman, vice president at
Cap Gemini Ernst & Young, a PeopleSoft partner delivering
consulting, implementation and training services in the healthcare
industry. "Given the need for real-time information at the
executive level, PeopleSoft EPM allows for an integrated view of
strategic data that traditionally has been spread across multiple
departmental silos, enabling executives to make informed decisions and
quickly respond to changes in the business environment."
El Camino Hospital, a California-based
full-service, acute-care community hospital, licensed PeopleSoft's EPM
modules to improve visibility into its financial and human resources
data. "PeopleSoft EPM will monitor the health of the
organization, enabling managers to respond to issues and opportunities
as they arise," said Don Briones, director of finance and
corporate compliance at El Camino Hospital. "The solution will
promote accountability because the information will be timely,
accurate and readily available for our managers and executives when
making important decisions."
"Healthcare organizations are
often highly departmentalized, which makes proactive communication
across units extremely difficult," said Jamie Wyatt, PeopleSoft
global industry executive, healthcare. "Our EPM solutions,
including our newly announced Healthcare Scorecard, provide enhanced
analytic capabilities as well as standardized reporting to better
align departmental and organizational goals for improved business
performance."
About PeopleSoft
PeopleSoft (Nasdaq: PSFT) is the world's leading provider of
application software for the real-time enterprise. PeopleSoft pure
Internet software enables organizations to reduce costs and increase
productivity by directly connecting customers, suppliers, partners and
employees to business processes on-line, in real time. PeopleSoft's
integrated, best-in-class applications include Customer Relationship
Management, Supply Chain Management, Human Capital Management,
Financial Management and Application Integration. Today more than
5,100 organizations in 140 countries run on PeopleSoft software. For
more information, visit us at www.peoplesoft.com.
Contacts:
PeopleSoft Inc.
Lorna Fernandes, 925/694-5451
lorna_fernandes@peoplesoft.com
or
Porter Novelli
Eric Allen, 415/975-3317
eric.allen@porternovelli.com