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University of Colorado Hospital Expands Partnership With Infor Healthcare

Mon, 09/10/2012 - 5:13am
The Associated Press

Infor, a leading provider of business application software serving more than 70,000 customers, today announced that the University of Colorado Hospital, the Rocky Mountain region's leading academic medical center, has expanded its partnership with Infor to create a high functioning shared services operation to support future growth. The organization, which recently finalized a joint operating agreement with Poudre Valley Health System and is in the midst of finalizing its partnership with Memorial Health System in October, is creating a system called University of Colorado Health that will widen healthcare services and provide unparalleled patient care in the Rocky Mountain region. The organization has chosen Infor to provide innovative technology to support this growth in order to streamline operations and create organization across the network based on the company's expertise in the healthcare industry.

Infor Lawson Healthcare Financial, Supply Chain Management and Human Capital applications will serve as the foundation for this shared services organization and will enable University of Colorado Health to operate with minimal unexpected costs as it grows, contributing to the hospital system's overall efficiency.

News Points

University of Colorado Health decided to expand its utilization of Infor solutions because of the company's proven track record in the healthcare industry. Partners since 2006, executives knew that technology innovation from Infor was the right choice to help University of Colorado Health achieve its long-term strategic objectives. Enterprise Financial Management will help University of Colorado Health reduce data-entry redundancies and produce more accurate and timely reports. In addition, the application will provide transparency that leads to improved budget management, effective cost-reduction strategies and more accurate forecasting across the network. University of Colorado Health system will benefit from Supply Chain Management and drive inefficiencies out of back office purchasing activities, increase visibility to purchasing activities, strengthen internal controls, better support compliance goals, and reduce cost through enhanced supply chain processes and more effective supply management. Human Capital Management provides University of Colorado Health with critical tools needed to shape and steer the vast capabilities of staff, focus on critical talent and support strategic HR processes. The organization and its partners will also be able to closer link employees to the overall business strategy, leading to a more efficient use of resources and staff time.

University of Colorado Health Quote"In the world of enterprise resource planning software, only one company was able to demonstrate a deep understanding of the healthcare industry and our business, and that was Infor," said Steve Hess, chief information officer at the University of Colorado Health. "As we continue to expand our network, Infor's deep industry functionality and innovative tools will be critical as we look to meet new business needs and make decisions in real-time."

Infor Quote"Every healthcare organization needs to truly leverage information technology if they are to both improve patient outcomes and financial performance," said Jim Catalino, senior vice president and general manager for Healthcare, Infor. "Infor Healthcare applications with their flexible deployment options are giving organizations, like University of Colorado Health, access to essential information at the moment of decision making, as well as an agile infrastructure that can quickly adapt as the organization responds to the impactful changes affecting the industry today."

Additional ResourcesNote: registration may be required to access online content

Infor Healthcare -- www.infor.com/industries/healthcare/ Healthcare Overview -- www.infor.com/content/executive-briefs/healthcare-overview.pdf/ Join the conversation -- www.infor.com/company/socialmedia/

About University of Colorado HealthUniversity of Colorado Health is a Front Range health system that delivers the highest quality patient care with the highest quality patient experience. University of Colorado Health combines Memorial Health System, Poudre Valley Hospital, Medical Center of the Rockies, Colorado Health Medical Group (formerly Poudre Valley Medical Group), and University of Colorado Hospital into an organization dedicated to building a healthier community and providing unmatched patient care in the Rocky Mountain West. Separately, these institutions can continue providing superior care to patients and service to the communities they serve. Together, they push the boundaries of medicine, attracting more research funding, hosting more clinical trials and improving health through innovation.

About InforInfor is the world's third-largest supplier of enterprise applications and services, helping more than 70,000 large and mid-size companies improve operations and drive growth across numerous industry sectors. To learn more about Infor, please visit www.infor.com.

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