NewswireToday - /newswire/ -
New York, NY, United States, 2014/04/29 - Predictive Analytics to Drive More Effective Planning, Forecasting and Costing for Healthcare Organizations - Infor.com.
Infor, a leading provider of business application software serving more than 70,000 customers, today announced the completed acquisition of substantially all of the assets of Colorado-based GRASP Systems International, Inc. ("GRASP"), a leading provider of automated patient acuity, workload management, patient assignment systems and consulting services to healthcare organizations in the U.S. and Canada. GRASP's strong analytics and reporting capabilities will help Infor address the current cost-crisis occurring in healthcare, and deepen the Infor Healthcare suite by providing another leading solution to the market.
"This acquisition will add value to our existing development efforts for Infor Workforce Management for Healthcare by leveraging information from Infor Cloverleaf and real-time analytics from Infor Care Path Optimization," said Duncan Angove, president, Infor. "Adding this functionality will enable health systems to go deeper than ever in understanding how staff resources are used in patient care and the costs associated at the patient procedure level to predict not only patient staffing needs based upon patient diagnoses, but also cost while benchmarking against their peers."
GRASP's factor-based methodology measures workload at the intervention level, and delivers solutions to maximize workload efficiency to help organizations reduce labor and operational costs. The company's patient-centric approach is centered around the notion that no two patients-even those having the same diagnosis-require the same amount of care, and by extracting this detailed knowledge of exact patient care needs, users are able to recommend and staff the right number of people with the right skills in the right place at the right time.
Through the GRASP solution, organizations are also equipped to quickly recognize patterns and trends that directly affect workforce planning, which can lead to more cost-effective staffing levels, improve patient safety, and ultimately provide better patient care.
Financial terms of the deal are not being disclosed.
Infor (infor.com) is fundamentally changing the way information is published and consumed in the enterprise, helping 70,000 customers in more than 200 countries and territories improve operations, drive growth, and quickly adapt to changes in business demands. Infor offers deep industry-specific applications and suites, engineered for speed, and with an innovative user experience design that is simple, transparent, and elegant. Infor provides flexible deployment options that give customers a choice to run their businesses in the cloud, on-premises, or both.