BOSTON, MA — (Marketwire) — 07/18/11 — , the leading provider of end-to-end solutions for facilities capital planning and spend management, announced today that Catholic Health Partners (CHP), one of the largest not-for-profit health systems in the United States, has selected VFA.spendManager® to optimize its capital spend management process. Catholic Health Partners has implemented VFA.spendManager at its home office and has rolled out the solution to eight regional locations in support of more than 2,000 users across 31 hospitals. CHP has established VFA as the system of record for all capital reporting beginning with the 2011 fiscal year.
Catholic Health Partners was challenged to monitor spending on a real-time basis. “By using VFA.spendManager, Catholic Health Partners is now able to standardize capital spending processes across the system,” stated Dave Nowiski, vice president of finance at CHP. “Additionally, VFA.spendManager creates a collaborative environment for executives to strategically manage capital budgets, automate processes to save time and money, and improve overall performance to deliver greater return on capital investments.”
“In today-s uncertain economy, there is enormous pressure to ensure that existing capital is allocated more effectively and efficiently,” said Jerry Kokos, president and CEO, VFA, Inc. “Catholic Health Partners joins a number of organizations that are successfully using VFA.spendManager to reduce unplanned spending, eliminate manual processes and improve decision-making.”
Enterprises that focus on capital spend management have an opportunity to drive compelling savings through more rigorous management of their capital spend. VFA offers these organizations the ability to proactively manage capital spend issues, rather than simply react to them. VFA.spendManager is providing Catholic Health Partners with a quantifiable measurement for savings in resources, time, operations and capital.
Catholic Health Partners (CHP) is one of the largest not-for-profit health systems in the United States and the largest in Ohio. With headquarters in Cincinnati, Ohio, CHP consists of more than 100 organizations, including acute care hospitals, long-term care facilities, housing sites for the elderly, home health agencies, hospice programs, wellness centers and more. It is divided into eight regions, each of which provides a comprehensive range of services that meet the healthcare needs of people in Indiana, Kentucky, Ohio, Tennessee and nearby states. CHP has been recognized by Thomson Reuters for three consecutive years as one of the top health systems in the U.S. for clinical quality and efficiency. For more information about CHP, please visit . View the .
Headquartered in Boston, VFA, Inc. is the leading provider of end-to-end solutions for facilities capital planning and spend management. uniquely combine , and to enable customers to manage every stage of the capital asset lifecycle — from requirements gathering and long-term planning to capital budget creation and spend management. More than 500 organizations in corporate, education, government and healthcare markets have relied on VFA solutions to strategically manage their capital assets. VFA-s flagship software product, VFA.facility®, is currently used to manage more than 3.5 billion square feet of real estate. For more information, please call 800-693-3132 or visit .
Ellen Cliggott
VFA, Inc.
617-772-8221
Allison VanNest or Chris Poisson
Schwartz Communications
415-512-0770 or 781-684-0770
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