Posted on 10th April 2009
iSOFT Business Solutions wins finance system deal St Vincents & Mercy Private
St Vincents & Mercy Private Hospital Limited has agreed a $590,000 contract with Integrated Business Software and Solutions for its Integra suite of web-enabled finance and purchasing applications to improve financial management and control and reduce the time and costs of processing orders. This is the company's second order for Integra in Australia and follows a detailed evaluation of international financial management solutions and established local suppliers by the Melbourne-based private hospital group. Brenton Button, Chief Financial Officer at St Vincents & Mercy Private, said: "Integra is a cost-effective solution from a proven supplier that understands the needs of healthcare providers. It is a highly flexible solution to suit our needs by reflecting our management structure, workflows and working practices. "Ready access to reliable information allows us to pro-actively manage finances and control this vital business function," he said. "Streamlining and automating the purchasing process will reduce paperwork, data entry, delays and cut purchasing costs." The deal is for an end-to-end financial management and purchasing solution plus a range of additional modules including document imaging, self-service requisitioning, and business intelligence. Integra is also being integrated with an existing IBSS web-based patient administration system to manage purchasing and billing of items, such as prosthetics, efficiently. The contract includes ongoing maintenance support. With transactions conducted on-line, Integra improves workflows, cuts administration and increases the accuracy of financial information for precise control of income and spending. Its advanced business intelligence tools allow users to analyse information in-depth to gain a complete understanding of the exact financial position and identify inefficiencies and potential savings. Denis Tebbutt, Managing Director, iSOFT (former parent company of IBSS) Australia and New Zealand, said: “The selection process proved an extremely useful exercise for us, since it effectively benchmarked Integra against other market-leading financial management applications. This signals our intent and ability to provide advanced back-office systems as well as front-line patient and clinical systems. And for clients, it means having a single supplier for all major hospital systems.” Developed by IBSS, Integra is used by over 100 National Health Service hospitals in the UK and 40 local government authorities including several large police and emergency service authorities. St Vincents & Mercy Private has been an iSOFT client since the merger of St Vincent’s Private Hospital and Mercy Private Hospital in 1998. Mercy Private had been a client since 1990. The first sale of Integra was at Macquarie University Private Hospital in October 2008, under the $7.6 million contract for a range of healthcare applications at the new hospital, including LORENZO Acute Care.
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