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Gartner Recognizes Symphony Teleca in Market Guide for U.S. Revenue Cycle Management Applications
|By Business Wire
|June 26, 2014 09:07 AM EDT
Analytics, a division of global innovation and development services
company Symphony Teleca Corporation (STC), today announced that it has
been recognized by Gartner in its recent Market Guide. Symphony
Analytics is the only stand-alone, analytics-focused vendor included.
Gartner's recent report, "Market Guide for U.S. Revenue Cycle Management
Applications for Healthcare Providers," includes vendors that offer the
core set of RCM applications for a healthcare enterprise greater than
250 beds, including hospital inpatient and ambulatory services1.
The report urges CFOs and CIOs of healthcare delivery organizations
(HDOs) to ensure that RCM investments address the HDO's requirements for
next-generation process capabilities for fully automated RCM operations,
real-time data, predictive analytics and patient engagement.
RCM is increasingly becoming a way to optimize financial performance in
an integrated health enterprise. With legacy applications and disparate
systems, healthcare providers are tasked with finding strategic ways to
consolidate data and provide necessary inputs for today's
cross-organizational industry models.
"It is critical for providers to leverage the power of data to overcome
the challenges of today's healthcare landscape, but doing so is
difficult with information siloed throughout the organization," said
Paddy Padmanabhan, Senior Vice President and Global Practice
Leader-Healthcare, Symphony Analytics. "Symphony Analytics is focused on
providing the frameworks and expertise in a cloud-based model to help
providers move to an integrated enterprise view of clinical and
financial data using preconfigured solutions. HDOs can now deploy
advanced analytics to increase cash flow from revenue cycle operations,
manage population health and improve patient outcomes without huge
investments in hardware and software. We believe Gartner’s recent report
confirms our position in the market and underscores our commitment to
providing customers with RCM analytics solutions that meet their unique
"The importance of RCM as an enterprise capability to optimize financial
performance is increasing. RCM is a key driver of enterprise process
change, enterprise-level capability creation and business intelligence,"
Gartner Analyst Melanie Meyer reports. "The applications supporting RCM
have evolved from addressing specific aspects of the process into more
integrated tool suites. The need to integrate with other applications
has driven the implementation approach used in the marketplace today,
which, in turn, has spurred vendor innovation.2"
We believe today's announcement points to the success of Symphony
Analytics' Health SymMetrics™ offering, healthcare expertise and
operational excellence as more and more organizations look to the
company to help overcome the biggest challenges of today's healthcare
For more information on Symphony Analytics' healthcare offerings, visit: http://symphony-analytics.com/practices/healthcare.aspx.
About Symphony Analytics
Symphony Analytics is one of the largest analytics process integrators
and a pioneer in decision sciences and modelling services, helping
enterprises to integrate predictive analytics directly into key business
processes. Its deep domain expertise in core vertical markets, such as
retail and brands, financial services and healthcare, and its
partnerships across Big Data and Predictive Analytics eco-systems, bring
best-in-class services and solutions to its clients. Symphony Analytics
is part of Symphony Teleca Corporation, a fast growing global company
with over 6,000 employees in over 32 offices worldwide, including
delivery centers in Asia, Australia, Europe and the Americas. For more
information, visit www.symphony-analytics.com.
About Symphony Teleca
Symphony Teleca Corporation, headquartered in Mountain View, Calif., is
a global innovation and development services company. The company offers
ideation, design, development and managed services to independent
software vendors, mobile device and solutions manufacturers and the
connected, analytics-driven enterprise. Clients leverage their
partnership with Symphony Teleca to deliver innovative SaaS/Cloud
enterprise software products, mobile software products and solutions,
big data and analytic services and solutions, and enterprise mobility
solutions. Symphony Teleca is a fast growing global company with over
7,500 employees in over 40 offices worldwide, including delivery centers
in Asia, Australia, Europe and the Americas. To learn more, visit www.symphonyteleca.com.
Connect with us on LinkedIn at http://www.linkedin.com/company/symphony-teleca
and Twitter at https://twitter.com/symphony_teleca.
Gartner does not endorse any vendor, product or service depicted in its
research publications, and does not advise technology users to select
only those vendors with the highest ratings. Gartner research
publications consist of the opinions of Gartner's research organization
and should not be construed as statements of fact. Gartner disclaims all
warranties, expressed or implied, with respect to this research,
including any warranties of merchantability or fitness for a particular
1 Gartner “Market Guide for U.S. Revenue Cycle Management
Applications for Healthcare” by Melanie A. Meyer, June 16, 2014, pg. 7.
2 Gartner “Market Guide for U.S. Revenue Cycle Management
Applications for Healthcare” by Melanie A. Meyer, June 16, 2014, pg. 3.
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