Case Study: athenahealth accelerates financial reporting with IBM Analytics

Focusing on what really matters: delivering the best possible service to customers

AthenaHealth Inc., a provider of cloud-based healthcare services, needed to modernize its internal data analytics to offer consistent, excellent support to its diverse clients after a period of rapid growth. Its existing processes were manual and slow, forcing analysts to spend excessive time gathering data instead of performing valuable analysis, which hindered responsiveness to industry changes. To address this, the company turned to vendor IBM for a solution using IBM Cognos TM1 and IBM Cognos Disclosure Management.

IBM implemented an analytics suite that automated data collection, financial reporting, and planning processes. This solution accelerated financial reporting from days to minutes, allowing executives to generate their own reports and freeing analysts to focus on value-added analysis. The measurable results included a drastic reduction in the monthly financial close process, from a full day to just 10-15 minutes, and provided the agility to quickly respond to new regulatory and client demands.

AthenaHealth Inc.

Eric Molin

Senior Manager of Finance, Planning and Analysis