Premier, Inc. Wins Award for Data Warehousing Solution on Red Brick
PR Newswire, Tuesday, June 09, 1998 at 07:50
Application Solution Built on Red Brick Helps Largest U.S. Healthcare Alliance
Improve Operating Efficiency and Quality of Care for Member Hospitals
LOS GATOS, Calif., June 9 /PRNewswire/ -- Red Brick(R) Systems, Inc.
(NASDAQ:REDB), The Data Warehouse Company(R), today announced that Premier,
Inc. was honored as a winner in the "Best Applications for Data Warehousing"
category of the prestigious 1998 Best Practices in Data Warehousing Awards
Competition hosted by The Data Warehousing Institute.
Premier, Inc., the largest healthcare alliance enterprise in the United
States, was recognized for Market Vantage(TM), its innovative healthcare
application that enables hospitals to quickly access detailed healthcare data
to make decisions that increase overall efficiency. Premier provides
hospitals and healthcare systems across the nation with products and services
designed to help them reduce costs, develop integrated delivery systems,
manage technology and share knowledge. Market Vantage, using a MicroStrategy
front-end tool, gives Premier's members the ability to analyze large volumes
of comparative medical data stored in Red Brick Warehouse, a relational
database management system designed from the ground up for data warehousing.
Using Market Vantage, Premier and its members can quickly recognize how they
perform both financially and medically as compared to other hospitals
nationwide.
"With the globalization of business and the demand for faster access to
larger quantities of information, data warehousing is playing an increasingly
important role in overall business operations," said Pete Bird, director of
Marketing for Premier. "This is especially true in healthcare, where we need
to have access to comparative information from disparate sources in order to
manage both cost and care as well as plan strategically. Using Red Brick and
MicroStrategy, we've been able to reduce our administrative costs while
improving the ability to access business-critical information, which benefits
our member hospitals. This integrated solution has reduced the technical
burden on our systems staff and presented us with a scalable model for
expanding our business of providing comparative medical information. With
Market Vantage, we can help our member hospitals quickly assess their business
performance and find ways to improve overall healthcare for their
communities."
"We're very pleased to be recognized as part of the solution that has
directly benefited Premier, its hospitals and patient care," said Anthony W.
Layzell, senior vice president of Sales and Marketing at Red Brick. "The
combination of our partnerships, technology and deep expertise has helped many
healthcare organizations reach success. This award underscores our ability to
provide the right solution for the job and we laud Premier for its innovative
and highly successful approach to its healthcare needs."
Premier's Market Vantage application is used by many of the more than
1800 member hospitals nationwide to make better decisions and improve
competitive advantage. Hospitals can quickly retrieve detailed analyses of
their performance in various practices in order to identify how to improve
outcomes or reduce costs. Data from the National Database of all Medicare
Discharges and All-Payor Data from 28 states is combined in the Red Brick
Warehouse database to provide atomic-level data from a single interface. The
data is used to analyze hospital efficiency, market share, quality of care,
patient demographics and physician profiles. The ability to return reports to
member hospitals in a matter of seconds has provided a significant competitive
advantage to both Premier and the member hospitals.
The Data Warehousing Institute's Best Practices Awards
The Data Warehousing Institute hosts an annual "Best Practices in Data
Warehousing Awards Competition" to provide practitioners with best practices
they can follow as data warehousing matures. The winners are judged on
clearly being able to demonstrate the innovation of their data warehouse
projects; the ability to solve common problems faced by data warehousing
practitioners; and that their projects result in large, measurable impacts on
the business success of their organization.
About Red Brick
Red Brick Systems, Inc. is a premier provider of data warehousing
solutions. Through Red Brick DecisionScape(SM), a comprehensive, integrated
environment of products, services, methodology and partnerships, Red Brick
helps its customers and partners gain competitive advantage through fast,
accurate answers to complex, business-critical questions. Red Brick's
platform of server-integrated technology offers scalable data warehousing,
including data marts, OLAP and data mining. Red Brick is based in Los Gatos,
Calif., with 290 employees worldwide and FY97 annual revenues of approximately
$43 million.
Information about Red Brick is available on the World Wide Web at
www.redbrick.com. News releases and corporate background information may also
be retrieved by fax. For an index of available materials, please call
800-758-5804, and enter PIN #105756. Red Brick, the Red Brick logo and The
Data Warehouse Company are registered trademarks and Red Brick DecisionScape
is a service mark of Red Brick Systems, Inc. All other trademarks and
registered trademarks are the property of their respective holders.
SOURCE Red Brick Systems, Inc.
-0- 06/09/98
/CONTACT: Carolyn Hughes of Red Brick Systems, Inc., 408-399-7216, or
chughes@redbrick.com/
/Company News On-Call: prnewswire.com or fax, 800-758-5804,
ext. 105756/
/Web site: redbrick.com
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