Noetix Brings Business Intelligence to Healthcare

June 8, 2012

Here is a case study about the value of business intelligence in healthcare. Noetix declares in their blog that “Noetix Analytics is a Game Changer for Invacare.” Invacare Corporation is a leading worldwide provider of home and long-term care medical products. In 2006, the company wisely decided to pursue a modern business intelligence (BI) system. In that regard, Invacare is way ahead of the crowd in the healthcare field.

The forward-thinking company tapped Noetix Analytics for several reasons, not the least of which is its great ease of use. The write up informs us:

“Today, 100 end users are accessing financial reports through Noetix Analytics linked with Cognos 10 BI, and more users are trained daily. [Invacare CIO David] Mewes says this is revolutionary for the medical products field, which has historically not used cutting edge technology to conduct this type of business. ‘This industry doesn’t use a lot of IT tools and we’re finding Noetix Analytics to be very much a game-changer for Invacare.’

“Profitability is more important than ever in the medical devices industry due to government financial reimbursement and the ways competitive costs are scrutinized. The financial analytic reporting that Invacare has been able to conduct around its profitability has radically changed the company’s business outlook.”

We applaud Invacare for embracing BI technology. The company is now implementing Noetix Analytics globally; they plan to make it the data repository for all of their transactional systems.

Headquartered in Redmond, WA, Noetix also has offices in London, UK and Hyderabad, India. Since its founding in 1994, the company has accumulated some big-name clients, including Starbucks, Toshiba, and Visa. Now known, they say, as the Oracle Applications Reporting Experts, Noetix began as an Oracle consulting firm. In 2009, the company acquired business intelligence analytics company Jaros Technologies Corporation, which specialized in packaged analytics for Oracle E-Business Suite.

Cynthia Murrell, June 8, 2012

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Stephen E. Arnold monitors search, content processing, text mining and related topics from his high-tech nerve center in rural Kentucky. He tries to winnow the goose feathers from the giblets. He works with colleagues worldwide to make this Web log useful to those who want to go "beyond search". Contact him at sa [at] arnoldit.com. His Web site with additional information about search is arnoldit.com.