iSOFT to provide Integra financials to St Vincents & Mercy
St Vincents & Mercy Private Hospital Limited, a Melbourne-based private hospital group, has agreed on a $590,000 contract with iSOFT 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 iSOFT’s second order for Integra in Australia, and follows a detailed evaluation of international financial management solutions and established
local suppliers by St Vincents & Mercy Private.
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,” Button said. “Streamlining
and automating the purchasing process will reduce paperwork, data entry, delays and cut purchasing costs.”
The contract 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 iSOFT web-based hospital information system to manage purchasing and billing of items,
such as prosthetics. 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 of iSOFT in 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 iSOFT Business Solutions, 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.
IBA Price at posting:
65.5¢ Sentiment: Buy Disclosure: Held
