TCS Launches New Business Intelligence Solution for Hospitals and Healthcare Providers
Provider Performance Insight built on SAP® BusinessObjects™ software
Mumbai / New York, June 15, 2009: Tata Consultancy Services (TCS) (BSE: TCS.BO, NSE: TCS.NS), a leading IT services, business solutions and outsourcing firm, has launched Provider Performance Insight, a business intelligence (BI) solution built on SAP® BusinessObjects™ software for hospitals and other healthcare providers. Using its proprietary BI framework, TCS has developed an out-of-the-box dashboard that will simplify projects, reduce costs and dramatically shorten time to value related to both hospital administration and patient care.
Hospitals have traditionally not embarked on end-to-end data warehousing and analysis due to perceived high costs, high complexity and long gestation period. Typical business intelligence projects in other industries can take 12 months for initial results and up to 18 months for completion. In response, TCS’ Provider Performance Insight takes just three to five months to deploy and provides end-to-end solutions for both administrative and clinical processes to enhance patient services and improve strategic decision making.
“The escalating cost of healthcare makes it imperative for all healthcare providers to evaluate efficiencies in every aspect of their business,” said Debashis Ghosh, head of Life Sciences and Healthcare at TCS. “Both patient care and operational effectiveness need to be evaluated, improved and tracked on an ongoing basis and this will be enabled by our solution.”
The dashboard has been developed using TCS’ hBIDS (healthcare analytics framework) and built on the SAP BusinessObjects Xcelsius™ software. The hBIDS framework has a comprehensive list of performance indicators covering most of the operational and clinical areas of a hospital, including customer care and satisfaction, resource utilization, staff satisfaction, staff utilization, clinical outcomes, and financial measurements.
The Provider Performance Insight solution provides the following:
- A snapshot of patient care delivery activities
- Effective performance evaluations of patient service
- Ability to optimize staffing levels to reduce overall cost
- Power to track and trend staffing ratios over multiple periods
- Real-time assessment of overall financial status
- Ability to compare revenue across peer organizations or departments
- Increase revenue across clinical service lines
“SAP BusinessObjects Xcelsius is an intuitive and robust tool set with rich analytic capabilities, making it an ideal solution for healthcare providers to enhance visibility into their patient care and business operations,” said John Papandrea, senior vice president and Global Healthcare Sector Head, SAP. “SAP’s vision for healthcare is to provide applications that support the ability of healthcare provider organizations to focus on improving quality, helping maintain or reduce costs, and increasing transparency of the quality of care that is provided to consumers. We applaud TCS on the delivery of this new solution to healthcare providers, which will help to improve these fundamental metrics of performance.”
About TCS Life Sciences and Healthcare Industry Solution Unit
TCS Life Sciences and Healthcare division is a decade old, sixth largest group within TCS, serving Healthcare, Pharmaceutical, Bio technology and Medical Device companies for their Business and IT needs. From Bioinformatics to Clinical Trials to Healthcare, TCS delivers solutions and services across varied business areas with a experienced 6000+ work force. With its proven Hospital Management System, Electronic Medical Records, Telemedicine Solution, Clinical Decision Support System, TCS enables its customers provide and manage Healthcare Anywhere Anytime. The geographically diverse healthcare client base includes Governments, Large private hospital network, Research Institutions and Hospital Trusts who collaborate with TCS in their Healthcare Technology Advancement Initiatives.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™,recognized as the benchmark of excellence in software development. A part of the Tata Group, India’s largest industrial conglomerate, TCS has over 143,000 of the world's best trained IT consultants in 42 countries. The company generated consolidated revenues of US $6 billion for fiscal year ended 31 March 2009 and is listed on the National Stock Exchange and Bombay Stock Exchange in India.
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