Sisters of Mercy Health System to Present at ANI: The Healthcare Finance Conference

June 15, 2009

Vice President Hector Boirie to Discuss Improving Capital Expenditure and Asset Management

BOSTON, Mass. and SEATTLE, Wash.— June 15, 2009 –VFA, Inc., the leading provider of end-to-end solutions for facilities capital planning and spend management, today announced that Hector Boirie, Vice President, Capital Management at Sisters of Mercy Health System, will present at the Healthcare Financial Management Association’s ANI: The Healthcare Finance Conference in Seattle, Wash. The focus of this year’s conference is the current economic and healthcare climate, featuring sessions on cost savings, efficiency, revenue and capital strategies. Boirie will address how the Sisters of Mercy Health System is using VFA’s capital spend management solution to gain control of its capital spending.

WHO: Hector Boirie, Vice President, Capital Management, Sisters of Mercy Health System

WHAT: “Improving Capital Expenditure and Asset Management: Sisters of Mercy Health System Case Study,” is a 75-minute break-out session that examines Sisters of Mercy Health System’s capital management process.

WHEN: June 16, 2009
2:45 p.m. to 4:00 p.m. PDT

WHERE:
ANI: The Healthcare Finance Conference
June 14 – 17, 2009
Washington State Convention and Trade Center
Seattle, Wash.

DETAILS: Health systems are spending millions – even billions – of dollars on routine and strategic capital projects, but they traditionally have limited visibility and control of why, where and when capital spending occurs. Boirie will identify the advantages of a strategic top-down capital planning methodology, as well as process challenges and areas of change required to more effectively allocate capital, define capital programs, manage capital projects and measure capital assets.

Sisters of Mercy Health System deployed the Web-based VFA.spendManager® capital spend management solution to gain control of capital spending by enabling all stakeholders to document, forecast and track activities related to capital expenditures. VFA.spendManager enables organizations to manage the entire capital spending process, streamlining capital budget creation, requisition processing, purchasing and reconciliation of expenditures. Sisters of Mercy Health System now benefits from a proactive and collaborative capital management process that provides enterprise visibility and control of all planned, budgeted and actual capital expenditures.

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