The Advisory Board Company Selects MicroStrategy to Provide Hospitals with Improved Visibility Into Business Performance
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that The Advisory Board Company (NASDAQ: ABCO) has selected MicroStrategy to provide its members with enhanced visibility into financial, operational, and clinical perfor
McLean, Va., (June 14, 2007) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence (BI) software, today announced that The Advisory Board Company (NASDAQ: ABCO) has selected MicroStrategy to provide its members with enhanced visibility into financial, operational, and clinical performance. The Advisory Board Company is the leading worldwide health care research and professional services firm serving more than 2,600 hospitals and health systems.
Using MicroStrategy, the Advisory Board enables member hospitals to gain greater insights into their business and to incorporate best practices into their daily operations. The Advisory Board provides multiple, hosted business intelligence applications, each focusing on a distinct area critical to hospital margin and clinical improvement and each leveraging the Advisory Board’s deep industry expertise. Member hospitals are able to use the secure, Web-based analytical tools to improve their performance through better, faster, data-driven decision making, and have seen significant financial improvements as a result.
The Advisory Board uses MicroStrategy to create a single-host multi-tenant architecture, where the Advisory Board builds and maintains an application that is shared across its member hospitals. Even though the application is shared, MicroStrategy’s robust security infrastructure ensures that each hospital only has access to its own data. There are currently thousands of individual users – from CFOs to business analysts – accessing the applications on a daily basis.
“Hospitals have a significant opportunity to improve performance through business intelligence,” said Dennis Shin, Executive Director at the Advisory Board. “Our research shows that top performing organizations separate themselves from their peers by their ability to quickly diagnose the root cause of recurring problems and issues and spend time not on diagnosis but on driving to solutions. Our business intelligence membership programs – which include our distinctive business intelligence tools on MicroStrategy’s platform as well as our best practice research and domain expertise to drive ongoing improvement – really help our member hospitals reach and maintain the top tier of performance.”
“Many organizations across the healthcare industry rely on MicroStrategy to analyze and improve operations, service quality, resource utilization, and claims administration,” said Sanju Bansal, COO of MicroStrategy. “We are proud to work with the Advisory Board and to support their BI applications that are providing exceptional value to member hospitals.”
About The Advisory Board Company
The Advisory Board Company (NASDAQ: ABCO) provides best practices research and analysis to the health care industry, focusing on business strategy, operations and general management issues. The Advisory Board Company provides best practices and research through discrete annual programs to a membership of more than 2,600 hospitals, health systems, pharmaceutical and biotech companies, health care insurers, and medical device companies in the United States.
About MicroStrategy
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy (NASDAQ: MSTR) is available at www.microstrategy.com.
MicroStrategy, MicroStrategy Business Intelligence Platform are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com
Source: MicroStrategy