LIBERTYVILLE, Ill., Sept. 30, 2014 /PRNewswire/ -- Healthcare Insights, LLC, a financial management software firm serving the healthcare industry, and NOMISe Systems, Inc., a provider of hospital cost accounting and patient analytics solutions, today announced the merger of their business operations. The new company will operate under the Healthcare Insights name with an expanded and improved suite of software products, consulting, and outsourced solutions marketed under the INSIGHTS® software and NOMISe® services brands.
Committed to helping hospitals manage and reduce costs while improving quality of care, the combined company will leverage the talent, product development, operations, marketing, sales, and customer support resources of both firms to enhance its position within the healthcare industry and provide a single source of value to current and future clients.
HCI's INSIGHTS suite of software products and services is currently in use at hundreds of hospitals nationwide for budgeting, financial reporting, labor productivity, supply-chain management, and service line reporting. The software application has been top ranked in its category in each of the past three years by KLAS, a leading hospital industry research firm.
Specializing in healthcare cost accounting, NOMISe offers a turnkey solution that includes their complete cost accounting consulting and outsourcing services, coupled with their state-of-art Enterprise Cost Accounting and Patient Analytics software, which integrates clinical and financial data across the continuum of care.
"HCI has always differentiated its products and services from the rest of the marketplace through its healthcare market expertise, advanced technology platform, feature-rich functionalities, and its unparalleled service and support for its users," said Thomas Johnston, chief operating officer of Healthcare Insights. "Our primary focus remains squarely on our customers. By bringing together two best-in-class operations, our combined company will be well positioned to help healthcare providers integrate financial and clinical data and better understand their business and financial operations as the industry shifts toward ACO models and population health management."
"Under new, value-based and bundled reimbursement models, understanding the cost of delivering services is key for any hospital to remain viable," said Dave Beto, president of NOMISe. "Our ability to provide cost accounting and patient analytics across the continuum of care will provide our customers a tremendous opportunity to evaluate the cost, outcomes, and profitability of an episode of care. Combining the two companies' individual strengths in all the different facets of our business will benefit our customers in terms of the scope and quality of financial, operational, and clinical product and service offerings, as well as industry-leading customer support."
The management and leadership teams, as well as the operations and support staffs, of the two companies have spent their entire careers in hospital financial management. NOMISe has been a leader in supporting the healthcare cost accounting industry since 1991. Healthcare Insights was founded in 2000 by seasoned hospital finance executives seeking to help healthcare-related businesses improve financial and operational performance and productivity.
The merger agreement between Healthcare Insights, LLC and NOMISe Systems, Inc. will close on October 1, 2014.
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SOURCE Healthcare Insights, LLC