RADNOR, Pa.--(BUSINESS WIRE)--QlikTech, (NASDAQ: QLIK) a leader in Business Discovery – user-driven Business Intelligence (BI), today announced that its QlikView Business Discovery platform is gaining momentum from leading global companies and influencers in the healthcare industry. Today, public and private healthcare providers struggle with operational visibility into information spread across their numerous clinical, financial, and resource planning systems. This inability to efficiently access, aggregate and explore data substantially contributes to mounting financial strains, patient wait times, resource constraints, and vulnerability to medical errors. QlikView brings unprecedented simplicity, flexibility, and scalability to such healthcare information challenges.
Attendees of the HiMSS (Healthcare Information and Management Systems Society) conference this week can visit booth #8103 (Venetian Ballroom, Clinical and Business Analytics/Intelligence Knowledge Center) and booth #13247 to view live demonstrations depicting how QlikView is providing a flexible platform that allows doctors, nurses, clinical technicians, and hospital administrators to navigate and drill down extensive data streams to get the most pertinent information and accurate analysis delivered on an intuitive, visual display. Throughout the conference, several customers and partners will also present how they are able to analyze operations, streamline claims processes, reduce costs, and improve patient care with QlikView. These presenters include Adena Health, Children’s Hospital of Atlanta (CHOA), Informatica, Sunquest, Surgical Information Systems (SIS), and ThedaCare.
“Healthcare organizations are facing an unprecedented opportunity to collect and use data to reduce errors, improve quality, and enhance the value of healthcare spending,” said Richard Cramer, chief healthcare strategist, Informatica. “QlikView makes data more accessible, more quickly, to more end-users than ever before and can be instrumental in allowing healthcare organizations to discover the ‘ah-ha’s’ hidden in their data. Informatica sees great value in our partnership with QlikTech, where our strength in accessing and ensuring data is of high-quality makes the analysis enabled by QlikTech that much more valuable to our mutual customers.”
“The ability to acquire fast and accurate BI is becoming more essential for healthcare providers as they make critical decisions, such as whether to become an accountable-care organization (ACO) or how best to meet the requirements of meaningful use (MU) on schedule,” said Brian Veara, ThedaCare’s Manager of Decision Resources. “QlikView dramatically reduces the time to answer business and clinical questions and it has helped ThedaCare transition from standard static reporting to a truly analytical environment where any information can be rapidly accessed, analyzed and viewed exactly as needed. This capability is especially critical now that we’ve been selected to the ACO pioneer program.”
Leading research firms are also recognizing QlikView’s ability to enable healthcare companies to transform mountains of data into actionable, real-time intelligence. Recently, Frost & Sullivan awarded the QlikView Business Discovery platform with the 2011 North American Technology Innovation Award in Health Data Analytics. Selection is based on several criteria such as innovative element of the product, value-added features and benefits, and increased customer return on investment (ROI). This acknowledgment built on the announcement of QlikView’s overall performance score of 91 out of 1001 in the August 2011 Business Intelligence report2 from KLAS, a healthcare-focused research firm.
“Faced with changing payment models, regulations, compliance, and healthcare reform, healthcare executives and clinicians are embracing the idea of using information to their advantage,” said Ed Daihl, CEO, Surgical Information Systems. “Specifically, SIS clients are using analytics in the perioperative space to find actionable information to help improve patient care through outcomes analysis, monitor and report compliance metrics, measure financial performance through accurate case costing, and manage operational efficiency by increasing OR resource utilization.”
Business analysis software provides the capabilities to integrate data from hospital systems and thereby the visibility to deal with critical healthcare operational issues affecting financial performance, safety and quality of patient care, clinical operations, transparency, and resource management. Traditional BI products however require substantial investments in capital, time and IT resources beyond reach of most healthcare facilities. QlikView provides all capabilities of traditional BI and more – with capabilities to efficiently describe, record, quantify, and analyze administrative and patient procedures and quickly adjust data views according to the demands of different, non-technical, end users.
“Healthcare providers are facing turbulent market dynamics: increasing demands of aging populations, more accountability for patient quality and safety, shifts in insurance coverage, and increasing regulatory pressure to show meaningful use of technology to drive improvements in patient outcomes. Timely, error-free information is critical to overcome these challenges,” said Ellen Derrico, Director Global Market Development, Life Sciences & Healthcare at QlikTech. “Through work with our global customer base, QlikTech has gained a deep understanding of the key market drivers, emerging trends, and core opportunities that accelerate success at healthcare organizations. We will continue to work closely with our customers to deliver the right solution to drive strong growth and achieve the bottom-line results needed to succeed in this environment.”
HiMSS (Healthcare Information and Management Systems Society) takes place February 20-24 at the Venetian Sands Expo Center in Las Vegas. QlikTech will be exhibiting at booth #8103 (Venetian Ballroom, Clinical and Business Analytics/Intelligence Knowledge Center) and booth #13247 and demonstrating how QlikView is providing healthcare providers with a strategic information advantage across the enterprise. Members of the media and analyst community interested in speaking with QlikTech should contact Amanda Keane at akeane@webershandwick.com or (617) 520-7260.
About QlikTech
QlikTech (NASDAQ: QLIK) is a leader in Business Discovery — user-driven Business Intelligence (BI). QlikTech's powerful, accessible Business Discovery solution bridges the gap between traditional business intelligence solutions and standalone office productivity applications. Its QlikView Business Discovery platform enables intuitive user-driven analysis that can be implemented in days or weeks rather than months, years, or not at all. The in-memory associative search technology it pioneered allows users to explore information freely rather than being confined to a predefined path of questions. QlikView Business Discovery works with existing BI applications and adds new capabilities: insight for everyone, zero-wait analysis, mobility, an app—like model, remixability and reassembly, and a social and collaborative experience. Headquartered in Radnor, Pennsylvania, QlikTech has offices around the world serving more approximately 24,000 customers in over 100 countries.
QlikTech and QlikView are trademarks or registered trademarks of QlikTech or its subsidiaries in the U.S. and other countries. Other company names, product names and company logos mentioned herein are the trademarks, or registered trademarks of their respective owners.
1 Because KLAS defines QlikView as an “early-data solution” in the healthcare industry, it did not meet the minimum KLAS Konfidence levels to be ranked in this report. KLAS does not use the term Konfidence to apply to KLAS’ trust or reliance in the vendor’s product. A KLAS Konfidence level defines the range in the number of organizations that have evaluated a given vendor, product, or service.
2 August 2011 “Business Intelligence: Making Cents of Performance,” © 2011 KLAS Enterprises, LLC. All rights reserved. www.KLASresearch.com.