April 7, 2008 - The University of Virginia Department of Medicine chose the WebFOCUS business intelligence (BI) platform to help streamline clinical and financial reporting across ten divisions.
The Department of Medicine had two accounting systems, one for the Health Services Foundation and the other for the School of Medicine. These disparate systems were making it difficult for accounting professionals to create consolidated financial reports and deliver information to a diverse user base, which includes physicians, clinical administrators and department heads with varying skill levels.
We needed a reporting environment that was easy to use and could handle the needs of our physicians, as well as our clinical and department administrators, said Elizabeth Wildman, vice chair and COO for the Department of Medicine. WebFOCUS provides a platform to bring together data from diverse systems to enable unified data analysis at multiple levels. We now have a single reporting tool to take care of our most acute business needs.
The University of Virginia Department of Medicine successfully implemented Information Builders WebFOCUS, merging financial reports, faculty remuneration plans and clinical billing reports. More than 150 users now depend on WebFOCUS to bridge the schools two accounting systems and satisfy a diverse set of reporting requirements, including the ability to integrate the new reports with Microsoft Excel.
Faculty members use WebFOCUS to track their financials and review administrative information. Faculty and staff members can access reports from home or while traveling. They can obtain information on finances, expenditures and clinical revenue, drilling down to review specific cases.
WebFOCUS improves the efficiency of employees throughout the organization, with direct savings of more than $150,000 per year. In one instance, a set of reports that took one month to produce with Excel is being created with WebFOCUS in three hours, according to Wildman.
The Department of Medicine has future plans to build an ad hoc reporting environment that will enable administrators to conduct their own analysis and create libraries of custom reports. It plans on extending its reporting system with human resources, grants management and budget models.
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