Syntellis Performance Solutions Continues Multi-Year Streak as Leading Vendor in the Black Book Research 2023 Financial Software Solutions Survey

Syntellis Performance Solutions, the leading provider of enterprise performance management software, data and intelligence solutions, today announced it earned three first-place rankings in the Black Book Research 2023 Financial Technology surveys. Syntellis’ Axiom Healthcare Suite was recognized as the leader in Benchmarking & Comparative Analytics, Cost Accounting & Financial Decision Support, and Provider Contract Management solutions.

Black Book collected survey responses from nearly 5,000 health system chief financial officers, vice presidents of finance, controllers, and others to determine the top-performing vendors among in-demand financial software, technology platforms and systems.

“We’re proud to be recognized for the fourth year running as the leading vendor across several categories by Black Book Research. Knowing these rankings are based directly on customer response affirms we are delivering best-in-class, data-driven solutions for healthcare providers,” said Flint Brenton, CEO of Syntellis Performance Solutions. “Through our Axiom 365 initiative, we remain committed to delivering innovative data-enabled solutions that help our customers achieve enhanced and measurable outcomes ― giving them the tools they need to maximize performance, optimize margins and grow strategically.”

In addition to the three first-place rankings, Syntellis’ Axiom Healthcare Suite earned second position in the Financial Data Reporting & Visualizations category and placed in the Revenue Analytics Solutions category.

“Healthcare finance executives continue to rank the Axiom Healthcare Suite from Syntellis as their #1 pick for benchmarking and comparative analytics, cost accounting and financial decision support, and provider contract management solutions,” said Doug Brown, founder and president of Black Book Market Research. “Our research shows that 80% of CFOs and senior leaders need digital transformation in their finance divisions for the long-term survival of their healthcare organization. This year’s results clearly demonstrate that Syntellis is helping to answer that call with its podium products and high-quality customer experience.”

Consistent with its number-one overall ranking in each of the three healthcare financial technology categories, Syntellis’ Axiom Healthcare Suite continues to deliver enhanced value and return on investment to healthcare organizations and users.

• Customers using Axiom Comparative Analytics experienced 1.3% higher Outpatient Revenue and 1.1% higher Inpatient Revenue compared to non-users. Additionally, Labor Expense per Adjusted Patient Day was -2.2% lower and Non-Labor Expense per Adjusted Patient Day was -1.1% lower for users of the solution compared to non-users.

• Axiom Enterprise Decision Support empowers healthcare organizations to drive performance and decision-making with a single, trusted source of financial and clinical performance measures. In fact, users spend on average 60% less time on data management and reporting.
• Organizations using Axiom Contract Management can often see 50% less time managing contracts; a five percent increase in underpayment collections; a five percent denial rate improvement; and 0.2% higher negotiated rates from payers.

Black Book conducts polls and surveys with healthcare executives and front-line users about their current technology and services partners and awards top-performing vendors, like Syntellis Performance Solutions, based on 18 indicators of client experience, loyalty and customer satisfaction. Black Book’s full 2023 financial software solutions survey can be viewed at: https://blackbookmarketresearch.com/finance-revenue-cycle-management.

To learn more about Syntellis’ suite of solutions for financial planning in healthcare, visit https://www.syntellis.com/axiom-software-healthcare-suite.

About Syntellis Performance Solutions

Syntellis Performance Solutions provides innovative enterprise performance management software, data, and intelligence solutions for healthcare organizations. Its solutions include enterprise planning, cost and decision support, and financial and clinical analytics to elevate organization performance and transform vision into reality. More than 2,800 organizations and 450,000 users rely on Axiom, Connected Analytics, and Stratasan software. With an HFMA Peer Review designation for nearly a decade and No. 1 rankings from Black Book Research multiple years, running, Syntellis helps healthcare providers acquire insights, accelerate decisions, and advance their business plans. For more information, please visit www.syntellis.com.

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