BOSTON, MA--(Marketwire - January 6, 2010) - The newly published research on business
intelligence from
Aberdeen Group, a
Harte-Hanks Company (
NYSE:
HHS), shows that healthcare organizations can
achieve impressive gains in profitability, accounts receivables performance
and nurse retention through the use of reporting and analytics
capabilities. The research, "
BI in Healthcare - A Prescription for Good
Financial Health," revealed that the top performing 20% of
organizations on average achieved an excess revenue (profit) margin of 9%,
took 36 days to receive payment on accounts and had an annual nurse
turnover rate of 10%. In comparison, the remaining 80% of survey
respondents on average achieved an excess revenue (profit) margin of 1%,
took 46 days to receive payment on accounts and had an annual nurse
turnover rate of 14%.
"Our research found that leading organizations are much better at managing
their staffing productivity, medical supply costs and their billing cycle
than the others. For example, one-third of leading organizations have the
ability to match the nurse staffing schedule to the current patient census,
compared to only 25% of all others. That typically requires multiple data
streams to be integrated, but the alternative is overstaffing, which can
lead to increased overtime payments and higher temporary labor costs," said
David White, senior research analyst, Aberdeen Group.
To obtain a complimentary copy of the report, visit
http://www.aberdeen.com/link/sponsor.asp?cid=6194.
Visit
Research.Aberdeen.com for
additional access to complimentary
Business Intelligence research.
About Aberdeen Group, a Harte-Hanks Company
Aberdeen provides fact-based research and market intelligence that delivers
demonstrable results. Having queried more than 30,000 companies in the
past two years, Aberdeen is positioned to educate users to action: driving
market awareness, creating demand, enabling sales, and delivering
meaningful return-on-investment analysis. As the trusted advisor to the
global technology markets, corporations turn to Aberdeen for insights that
drive decisions.
As a Harte-Hanks Company, Aberdeen plays a key role of putting content in
context for the global direct and targeted marketing company. Aberdeen's
analytical and independent view of the "customer optimization" process of
Harte-Hanks (Information - Opportunity - Insight - Engagement -
Interaction) extends the client value and accentuates the strategic role
Harte-Hanks brings to the market. For additional information, visit
Aberdeen or call (617) 854-5200, or to
learn more about
Harte-Hanks,
call (800) 456-9748.
© 2010 Aberdeen Group, Inc., a Harte-Hanks Company
451 D Street, Suite 710
Boston, Massachusetts 02210-1928
Telephone: (617) 854-5200
Fax: (617) 723-7897
www.aberdeen.com
Contact Information: Media Contact:
David White
Aberdeen Harte-Hanks
(617) 854-5384
david.white@aberdeen.com