Syntellis Performance Solutions - Best Data Visualization Technology
Company: Syntellis Performance Solutions, Chicago, IL
Company Description: Syntellis Performance Solutions, previously Kaufman Hall Software, provides innovative enterprise performance management (EPM) software, data and analytics solutions for healthcare, higher education, and financial institutions. Syntellis' financial and technology experts serve over 2,800 organizations and 450,000 users with its leading EPM and decision support solutions.
Nomination Category: New Product & Service Categories - Business Technology
Nomination Sub Category: Data Visualization Technology
Nomination Title: Syntellis' Axiom Comparative Analytics
Released October 2020
Healthcare systems are under immense financial pressure, especiallythe past year while addressing the COVID-19 pandemic when revenues have declined while prices escalate. Syntellis Performance Solutions’ Axiom Comparative Analytics empowers healthcare organizations to quickly identify cost savings opportunities and eliminates risk of focusing on the wrong areas. Market insights help to improve budgets, inform financial forecasts and guide strategic operational improvements.
Delivering a variety of financial metrics across the organization and individual departments, Axiom Comparative Analytics enables healthcare finance leaders to compare financial performance against peers. External data is refreshed monthly and provides healthcare systems with the industry’s most timely access to current financial analytics.
Key software capabilities include:
Data: Healthcare customers can compare data with 500+ unique departments and 45,000 physicians across more than 1,000 hospitals. Hands-free, automatic updates eliminate submission burden, with data being refreshed monthly.
Analysis + Reporting:
-Metrics explorer provides an interactive dashboard to see KPIs and drill down into specific capabilities
-Data explorer allows users to compare data in a traditional table structure to highlight variances and opportunities
-Performance dashboards leverage a proprietary algorithm to prioritize and display problem areas in context with a healthcare organizations budget, trends and peers.
-During the heat of the pandemic, Syntellis released a new version with more comparative data to help hospital finance teams understand how to evolve their operations against industry benchmarks with better visibility and an expanded dataset.
Comparative Analytics is fueled by Syntellis IQ, a state-of-the-art machine learning technique that automatically normalizes and integrates internal data with external data, making comparing financial data easy and fast. External data includes financial, payroll and labor utilization data.
Every month, Syntellis IQ calculates over 2.6 billion data points from hundreds of different source systems. Advanced machine learning techniques apply to over 29 million dimensions of relational and textual data to inform our software solutions. Transforming, aggregating, and calculating huge volumes of data used to take days and now takes just a few hours. This enterprise approach of synthesizing data into insights produces exponentially valuable intelligence and currently helps thousands of organizational leaders overcome their biggest challenges.
Market performance and customer satisfaction:
Axiom Comparative Analytics has helped healthcare organizations identify over $1 million in cost savings opportunities
Ben Moncher, Senior Director of Finance at Fisher-Titus Medical Center
“With Syntellis we have added another layer of confidence in our decision-making, and feel we are capitalizing on new opportunities and gaining strong returns on investments.”
“Data import in Axiom is incredibly easy, especially when it’s a standard field. The pairing that Axiom does on the back end creates a true data warehouse that connects many different data sources.”
Industry honors include:
Axiom Comparative Analytics is verified by independent, third-party surveys. Black Book Research recognized the product recently with a #1 user satisfaction ranking.
https://www.syntellis.com/press-release/syntellis-axiom-comparative-analytics-earns-no-1-ranking-black-book-research-survey
https://www.syntellis.com/press-release/syntellis-expands-breadth-depth-comparative-data-and-other-capabilities-help
https://www.syntellis.com/press-release/kaufman-hall-acquires-change-healthcares-analytics-explorer-performance-manager-and">https://www.syntellis.com/press-release/kaufman-hall-acquires-change-healthcares-analytics-explorer-performance-manager-and
https://www.syntellis.com/healthcare/comparative-analytics-software
https://www.syntellis.com/resources/services-solution-brief/axiom-comparative-analytics
https://www.syntellis.com/syntellis-iq
https://www.syntellis.com/resources/article/comparative-analytics-putting-data-work
https://www.syntellis.com/press-release/kaufman-hall-releases-new-data-and-analytics-capabilities-designed-guide-healthcare?banner=kite&;utm_source=kaufmanhall&utm_medium=web&utm_campaign=kite