In the most recent “Top 20 Best in KLAS Awards: Software & Services,” KLAS identified different market segments “as having products that demonstrated the lowest risk of failure versus those most likely to deliver a lemon.” According to KLAS, here are the segments with the “lowest go-live risk”:
1) Interface Engines
2) Real-Time Location Systems (RTLS)
3) Health Information Exchange (HIE) (Private)
4) Revenue Cycle – Other
5) Patient Flow
And here are the segments “most likely to deliver a lemon”:
1) Anesthesia
2) Medication Administration
3) Ambulatory EMR
4) Practice Management
5) Patient Accounting and Patient Management
Per KLAS, note that this “includes data from providers on products that went live this past year [November 15, 2010 to November 15, 2011] across all size breakouts. A minimum of three vendors with new product go lives were required for a market segment to be eligible.”
Source: “2011 Top 20 Best in KLAS Awards: Software & Professional Services,” December, 2011. © 2011 KLAS Enterprises, LLC. All rights reserved. www.KLASresearch.com
This is particularly noteworthy for Intelligent InSites and our customers: 3 of the top 5 low risk market segments are addressed by our core RTLS software solution: Interface Engine (via the InSites Platform), Real-Time Location System (RTLS, where our solution is currently rated by KLAS), and Patient Flow!
So, while we often talk of the hard-dollar ROI of RTLS, I think it’s worth noting that RTLS solutions are also leading the market in terms of providing a low risk solution!
Sincerely,
Marcus Ruark
Intelligent InSites
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