LONDON, February 13 /PRNewswire/ -- Frost & Sullivan has chosen SAP AG as the recipient of the 2005 Frost & Sullivan Market Leadership Award in recognition of its exceptional SAP for Healthcare industry solution. This portfolio unites the SAP(R) Patient Management application and mySAP(TM) Business Suite to create a complete set of solutions that can streamline all hospital administrative and patient management processes.
Based on an open platform, SAP for Healthcare integrates all healthcare processes - from staffing and inventory to financials and patient-centric processes. Furthermore, when combined with complementary applications, SAP for Healthcare enables real end-to-end processes spanning administrative and clinical departments.
Exemplifying this is the recent announcement of the Siemens Soarian(R) and SAP Healthcare solution that uses an integration powered by the SAP NetWeaver(R) platform to help healthcare organizations improve collaboration between clinical and administrative departments and enhance the transparency of system-wide information.
“By using SAP for Healthcare, hospitals can manage and coordinate patient care processes including resource planning and scheduling, patient administration and services, coding and pricing controlling as well as invoicing and payment handling,” s Frost & Sullivan Healthcare Research Analyst Konstantinos Nikolopoulos. “The SAP(R) solution helps hospitals coordinate diagnostic and treatment activities, capture medical documentation and carry out prevention, care and aftercare planning.”
“In addition, healthcare organizations can do case costing, as well as manage human resources, logistics and financial operations,” he adds. “Healthcare-specific analyses, reporting and controlling help define the hospital’s strategic service offering. SAP for Healthcare also allows hospitals to participate in health networks by enabling close collaboration with general practitioners, payers, suppliers, patients and other healthcare organizations.”
The strength and depth of SAP for Healthcare has presented the company with an opportunity to gain increased market share in a market valued at $1338.9 million across Europe in 2004 and has provided the company competitive advantage even where local companies have traditionally had a strong presence. This brings out SAP’s ability to work closely with both local and global clinical IT providers.
Currently, healthcare providers at all levels (hospitals, physician groups and clinics) are deploying solutions aimed at streamlining workflow and automating processes. Here, SAP for Healthcare offers highly reliable solutions that are able to adapt and change in tandem with evolving requirements, introducing new ways to leverage IT while helping healthcare organizations reach new heights of excellence.
No other company offers such an end-to-end, total solution in the market. With more than 1,300 installations, healthcare organizations in more than 45 countries use SAP for Healthcare solutions. Most recently, some major healthcare provider organizations such as Network Healthcare Holdings Limited (Netcare) in South Africa, the Public Health Service of Extremadura in Spain - “Servicio Extremeno de Salud,” and the psychiatry network of Winterthur in Germany chose SAP solutions, according to SAP.
With SAP’s offering, customers receive timely and accurate information about patients and treatment processes for better clinical and administrative decision making. The health system efficiency overall increases by closer interaction of the hospital with the citizens and the external community. At the same time, SAP solutions facilitate staff effectiveness and guarantees a higher treatment quality through seamless process and information flows.
“SAP’s market-leading healthcare solution demonstrates a clear commitment to delivering the right combination of solutions to meet healthcare’s business needs and administrative requirements,” says Mr. Nikolopoulos. “In an industry where IT is likely to play an important role, SAP is already well-positioned in several markets across Europe and is further reinforcing its credentials as a market leader in the healthcare IT industry.”
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company’s industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.frost.com.
Frost & Sullivan Awards are presented to companies that demonstrate best practices in their industry, commending the diligence, commitment, and innovative business strategies required to advance in the global marketplace. Frost & Sullivan rigorously analyses specific criteria to determine award recipients in a broad spectrum of market industries and landscapes. For more information, visit www.awards.frost.com.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.
Media Contact: Srividhya Parthasarathy Corporate Communications Frost & Sullivan P: +91-44-420-44-668 E: sparthasarathy@frost.com
Frost & Sullivan
CONTACT: Media Contact: Srividhya Parthasarathy, Corporate Communications,Frost & Sullivan, P: +91-44-420-44-668, E: sparthasarathy@frost.com
