PowerHealth Solutions formed a joint venture with Adaptive Insights, a corporate performance management solutions provider, to combine IT products in a business planning and budgeting solution.
Specifically, the agreement enables PowerHealth Solutions to combine its costing and bulling products with Adaptive Insights' modeling and planning systems to create a comprehensive business planning solution.
The companies aim to reduce healthcare budget build times, improve budget accuracy and positively inform organizations' decision-making processes.
"This agreement will deliver a solution that dramatically reduces the time and effort associated with building complex, accurate healthcare budgets," PowerHealth Solutions COO Amanda Anderson said in a prepared statement.
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