How Sentry's purchase of Agilum will improve its financial analytics
In an attempt to develop and expand its financial analytics through its medical platform, analytics firm Sentry Data Systems will purchase Agilum Healthcare Intelligence for an undisclosed sum.
A software as a service (SaaS) company, Sentry assists organizations manage costs and outcomes. The company currently provides support to over 76 million patients and more than 7,000 hospitals, pharmacies, clinics and integrated delivery networks.
“The financial analytic and reporting solutions that meet our customers’ business challenges remains central to our strategy,” said Sentry founder and CEO Travis Leonardi, who also acknowledged the company has guided other healthcare organizations earn over $4 billion in savings.
“In Agilum, we see a highly compatible organization with great potential to strengthen and augment our proprietary platform. This acquisition is the next step in delivering on Sentry’s core vision to make available the data analytics and business intelligence critical for managing the entire healthcare enterprise.”
Meanwhile, Nashville-based Agilum helps health systems improve transparency and access its actionable financial information. The acquisition is expected to boost Sentry’s DataNext platform, which presents analytics to both pharmacy and supply chain companies.
Customers will now have a clear view of Sentry’s financial performance, which includes labor productivity as well as service line costs and revenue realization. The move will boost Sentry past only providing vital analytics for pharmacies and will now allow improved financial performance across the complete healthcare enterprise.
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Sentry, the 2014 KLAS Category Leader for 340B Management Solutions, will now be in position to offer its customers superior solutions for managing costs, improving revenue and delivering high-value care throughout all departments and service lines.