Provider of Software-as-a-Service Solutions to Optimize the Operational and Financial Management of the Healthcare Workforce
Wellesley, MA - June 1, 2009 - THINKstrategies, Inc., the leading strategic consulting company focused on the business implications of the on-demand services market, announced today that Concerro has been named the latest winner of the Best of SaaS Showplace (BoSS) Awards program, which is aimed at promoting the measurable business benefits being delivered by today's Software-as-a-Service (SaaS) solutions.
The BoSS Awards program was announced in January 2009 as the latest initiative by THINKstrategies to bring attention to SaaS and cloud computing companies which are producing tangible business benefits for specific user organizations. These benefits include increased sales, lower costs, higher customer satisfaction, faster operations, and greater profitability.
Concerro is a provider of web-based workforce management software and services which reduces labor costs, protects revenue, and improves staff and patient satisfaction in hospitals across the U.S.
Concerro clients achieve significant dollar savings as a result of using its SaaS solution to reduce the amount of monies spent on premium labor. This cost avoidance is derived from the percentage of open shifts previously filled by contract and/or agency labor, and the associated costs. For example, Health First Hospital-a leading provider of healthcare services in east central Florida, consisting of three acute-care hospitals employing more than 1,700 registered nurses- generated $1.56 million dollars in contract labor savings using Concerro's SaaS solution. Health First leveraged the Concerro's solution to,
Establish a proactive rather than reactive approach to scheduling;
Reduce contract labor costs by 20 percent;
Provide flexibility during seasonal census shifts;
Reduce the use of winter bonus and incentive shifts;
Facilitate scheduling flexibility to give staff more choice; and
Improve recruitment and retention.
Nine months after the Concerro program was implemented, Health First had generated a 6.76 times return on investment (ROI) through better use of their existing workforce, complete elimination of contract labor, and improved processes around per diem scheduling. The hospital also reported 100 percent elimination of contract labor, and a 24 percent decrease in internally owned staffing agency use, representing a $3.12 million reduction in outside labor costs.
"We are pleased to be recognized by the SaaS Showplace for the measurable business benefits we are delivering to our customers," stated Graham Barnes, CEO of Concerro.
"One of the biggest challenges facing the U.S. is the escalating costs of healthcare," stated Jeffrey M. Kaplan, the founder of the SaaS Showplace and Managing Director of THINKstrategies, the strategic consulting firm which conceived and administers the Showplace."Concerro's workforce management capabilities clearly demonstrate how SaaS solutions can help hospitals reduce their costs while improving the quality of their services."
The BoSS Award program is an ongoing initiative to identify and promote SaaS, and 'cloud computing', companies which are offering on-demand solutions which are generating measurable business benefits for their customers.
BoSS award winners are given special designation on the SaaS Showplace, with a summary of their award-winning solution(s) and customer success story. Award winners are also recognized in the SaaS Showplace newsletter, and are able to promote their award designation on their website and in pre-approved company material.
IT/business decision-makers a quick directory of the leading SaaS providers and a convenient source of valuable insight regarding SaaS trends.
SaaS providers a targeted tool to increase their visibility among enterprise decision-makers, and gain access to key enabling technology suppliers.
Enabling technology suppliers a specialized platform to increase industry awareness regarding their SaaS solutions.
The SaaS Showplace is now the largest and highest ranked, vendor-independent, online directory and resource center of industry best practices in the SaaS market. For more information, go to www.saas-showplace.com or www.thinksaas.com.
# # #
About THINKstrategies, Inc.
THINKstrategies, Inc. is the only strategic consulting services company formed specifically to address the unprecedented business challenges facing IT managers, solutions providers and investors today as the technology industry shifts toward a services orientation.
THINKstrategies' mission is to help our clients re-THINK their corporate strategies, and refocus their limited resources to achieve their business objectives. THINKstrategies helps enterprise decision-makers with their sourcing strategies, IT solutions providers with their marketing strategies, and VCs with their investment strategies.