Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud
applications for finance and human resources, today announced
continued momentum, with its healthcare solution, including supply
chain management. New customers including the Medical University of
South Carolina, Northeast Georgia Health System, Sentara
Healthcare, and Sharp HealthCare have selected Workday to help
transform operations to support new business models and improve
care delivery. In addition, organizations such as Allina Health,
Bon Secours Mercy Health, South Shore Health, and Spectrum Health
were able to shift to virtual deployments amid the COVID-19
pandemic, going-live on schedule, helping maintain business
continuity and improving medical supply management to support
patient care.
Helping Healthcare Organizations Strengthen Supply
Chains Healthcare organizations have faced talent and
supply chain challenges for years, which were further amplified by
the pandemic. As a result, many are accelerating their business and
digital transformation efforts to meet the dynamic environment head
on. This includes the adoption of cloud-based technologies like
Workday to help them gain the insights and agility needed to adapt
and respond.
“The healthcare industry has experienced immense growth and
innovation, as a result of new demands and technologies,” said Dan
Hurry, chief supply chain officer, Bon Secours Mercy Health. “To
navigate this, we needed Workday to support our business operations
transformation, including scaling to support future growth and
getting a holistic view of our supply chain. Workday provides the
real-time reporting and mobile capabilities that give us the
insights and efficiencies we need to both improve supply chain
operations and reduce friction for patient-facing staff, helping us
to retain top talent and deliver unmatched patient care.”
Workday Delivers a Unified, Industry-Specific Solution
to Help Support the Future of HealthcareTo address the
unique challenges in the healthcare industry, Workday brings
together finance, human resources, and supply chain in a unified,
purpose-built solution. Workday Financial Management, Workday Human
Capital Management, and Workday Supply Chain Management combine to
help customers mitigate risk, control costs, reduce clinician
burnout, and create a more resilient supply chain. For example,
organizations like Dayton Children’s Hospital, which adopted and
deployed Workday prior to the pandemic, felt better prepared for
the new challenges brought on by the pandemic.
“From navigating new healthcare regulations to streamlining
medical supply ordering, healthcare organizations were already
experiencing challenges before the pandemic hit,” said David
Farrall, corporate director of supply chain, Dayton Children’s
Hospital. “Even as we moved some staff to remote work, we were able
to maintain business operations using Workday to securely access
data remotely and deliver real-time reports on inventory
management, making for a more resilient supply chain during a very
challenging time. Prior to Workday, we waited 15 days to view
monthly financial statements, now we have instant, real-time access
-- providing the agility we need to navigate and plan for the
unexpected both during and after the pandemic.”
Furthermore, Workday enables healthcare customers to:
- Create a More Resilient Supply Chain to Manage
Uncertainty. Real-time insights into supplier performance
and automated notifications on inventory and supplier performance
help organizations respond to shifts in demands so they can more
easily navigate the unexpected and remain resilient. For example,
Dayton Children’s Hospital faced challenges securing personal
protective equipment, hand wipes, and more during the pandemic.
Real-time data in Workday alerted the hospital on low inventory so
that alternative sourcing could begin, helping to ensure the
necessary supplies for frontline clinicians.
- Gain Better Visibility into Financial
Performance. Workday helps enable healthcare organizations
to securely access a complete picture of financial performance —
any time, from any device — and optimize labor and supply spend to
balance the cost, quality, and outcomes of patient care. For
example, at Sentara Healthcare, disconnected systems required
integrations and manual processes that became burdensome for staff
over time. Workday will allow Sentara to streamline, standardize,
and automate financial processes. As a result, the organization
will be able to improve financial reporting, helping free up
resources to devote more time to strategic activities such as
quality patient care.
- Adapt Quickly to Stay Ahead of Ongoing Industry
Change. Workday enables scenario-based planning that helps
healthcare organizations make informed decisions, operate with
agility, and encourage collaboration. For example, when the
pandemic began, Bon Secours Mercy Health used Workday to
scenario-plan for leaves of absence and manage the deployment and
redeployment of its workforce. In addition, the organization was
able to conduct daily reporting using real-time data to keep
leadership informed on staffing capacity and needs.
- Improve Employee
Experience to Retain Talent. Workday matches employees to
open opportunities and career paths, helping recommend development
and growth opportunities within the organization. In addition,
mobile self-service capabilities in Workday help minimize time
spent on administrative tasks such as requesting time off or
ordering supplies, helping reduce clinician burnout. For example,
at South Shore Health, improved periodic, automatic replenishment
of medical supplies and mobile capabilities in Workday Supply Chain
Management gave clinical staff time back in their day to focus on
patient care.
Additional Comments on the News
“Healthcare organizations are continuously evolving, and with
the pandemic accelerating their digital transformation efforts,
they need innovative solutions that can help them support employees
and adapt operations,” said Indy Bains, vice president, Industry
Solution Marketing, Workday. “With Workday, healthcare
organizations can advance their mission-critical business
operations to manage financial pressures, secure clinical talent by
creating better employee experiences, and strengthen their supply
chain to help ensure stability as they continue to grow.”
About Workday
Workday is a leading provider of enterprise cloud applications
for finance and human resources, helping customers adapt and thrive
in a changing world. Workday applications for financial management,
human resources, planning, spend management, and analytics have
been adopted by thousands of organizations around the world and
across industries – from medium-sized businesses to more than 45
percent of the Fortune 500. For more information about Workday,
visit workday.com.
© 2021. Workday, Inc. All rights reserved. Workday and the
Workday logo are registered trademarks of Workday, Inc. All other
brand and product names are trademarks or registered trademarks of
their respective holders.
Forward-Looking Statements
This press release contains forward-looking statements
including, among other things, statements regarding Workday’s
plans, beliefs,and expectations. These forward-looking statements
are based only on currently available information and our current
beliefs, expectations, and assumptions. Because forward-looking
statements relate to the future, they are subject to inherent
risks, uncertainties, assumptions, and changes in circumstances
that are difficult to predict and many of which are outside of our
control. If the risks materialize, assumptions prove incorrect, or
we experience unexpected changes in circumstances, actual results
could differ materially from the results implied by these
forward-looking statements, and therefore you should not rely on
any forward-looking statements. Risks include, but are not limited
to, risks described in our filings with the Securities and Exchange
Commission (“SEC”), including our Form 10-Q for the fiscal quarter
ended April 30, 2021, and our future reports that we may file with
the SEC from time to time, which could cause actual results to vary
from expectations. Workday assumes no obligation to, and does not
currently intend to, update any such forward-looking statements
after the date of this release.
Any unreleased services, features, or functions referenced in
this document, our website, or other press releases or public
statements that are not currently available are subject to change
at Workday’s discretion and may not be delivered as planned or at
all. Customers who purchase Workday services should make their
purchase decisions based upon services, features, and functions
that are currently available.
Media Contact: Vanessa McNulty
media@workday.com
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