Silverline Technologies enters Strategic Relationship with Canadian Firm for Hospital Performance Management Market

Silverline Technologies Ltd has announced its healthcare market penetration strategy across North America by entering in to a strategic relationship with Sumalytics Inc, a Canadian healthcare change and performance management Company. The strategy's target market for 2007 in the USA alone has the potential market of over 2,000 hospitals wherein a patient costing system has been installed.

Sumalytics has developed an innovative, patent—pending system, Variance Analytics™ (VA™) which will deliver major value to adopting hospitals, and to the insurance Companies and governments which fund health care. VA will bring physicians and managers together for the first time to manage the whole hospital impacts of changes in hospital operations. VA will identify, and help to actualize, major cost savings for hospitals, arising from care improvements for patients.

VA adds a brand—new third layer to hospital clinical—financial management. VA sits on top of the first layer of clinical records and financial—accounting systems, and the second layer of patient—cost—accounting systems.

VA analyses changes arising from continual innovations in the hospital—based treatment of patients for:
- common killers such as heart diseases, strokes, and cancers;
- common, but non—life—threatening conditions, such as pregnancy and child—birth, and hip and knee replacements;
- as well as hundreds of less common patient conditions.

VA also exposes the otherwise invisible impacts of other market, and internally, driven changes in the operations of progressive hospitals. VA provides useful information for managing and exploiting all such kinds of change in the hospital.

The Company would be the global shared services provider working strategically with the North American Company. The company said it would spell out complete details on the initiative over the next few weeks. The Company would leverage its facilities in Gujarat and Mumbai to deliver on these initiatives.

Source : Equity Bulls

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