ORLANDO, Fla.--(BUSINESS WIRE)--June 19, 2006-- Report highlights continued growth, sustained profitability, and healthcare specificity
Leading analyst firm Gartner, Inc. positioned Kronos(R) Incorporated (Nasdaq: KRON) in the "Market Forces" category in "The U.S. Healthcare ERP Market Looks for Innovation" written by John-David Lovelock, Chad Eschinger, and Vi Shaffer and published on April 18, 2006(1). According to Gartner, "Market force vendors are typically companies that have more than 10 percent of market share. Vendors in this space have an established healthcare reputation and market penetration. It is incumbent on them not only to add features and functions, but also to ensure that their core products are continually rejuvenated and kept technically current."
"We have poured a lot of research and development into our Kronos for Healthcare solution to ensure that it meets the specific needs of the industry," said Brian Graves, global practice leader, healthcare, at Kronos. "It is gratifying that industry experts, such as Gartner, highlight our solution. We believe Kronos for Healthcare is delivering benefits to the healthcare market and has great potential for further adoption."
Delivering what's in demand
The report also states that, "the most-demanding ERP features and functionality by HCOs (healthcare organizations) in 2006 will be improved BI (business intelligence) and analytics, faster deployments, cost account, mobile device support and staff scheduling."
Anticipating these needs, Kronos has brought to market the most advanced solutions in these areas. Kronos for Healthcare is a complete workforce management solution designed to meet all the requirements of today's complex healthcare organizations. This comprehensive, integrated suite includes labor analytics, scheduling, HR, payroll, time and labor, and absence management solutions that help solve the challenges that are inherent to managing the workforce in healthcare.
To access "The U.S. Healthcare ERP Market Looks for Innovation" report, visit: http://www.kronos.com/About/erp.pdf.
Kronos made this announcement from the Healthcare Financial Management Association's 2006 Annual National Institute being held June 18-22 in Orlando, Fla. Kronos is exhibiting at booth #617.
(1) Gartner, Inc. Figure 2. Healthcare ERP Market Opportunity, February 2006, in "The U.S. Healthcare ERP Market Looks for Innovation" report.
About Kronos Incorporated
Kronos Incorporated empowers organizations around the world to effectively manage their workforce. At Kronos, we are experts who are solely focused on delivering software and services that enable organizations to reduce costs, increase productivity, improve employee satisfaction, and ultimately enhance the level of service they provide. Kronos serves customers in more than 50 countries through its network of offices, subsidiaries, and distributors. Widely recognized as a market and thought leader in managing the workforce, Kronos has unrivaled reach with more than 30 million people using a Kronos solution every day. Learn more about Kronos at www.kronos.com.
(C) 2006 Kronos Incorporated. Kronos and the Kronos logo are registered trademarks of Kronos Incorporated or a related company. All other product and company names mentioned are used for identification purposes only and may be trademarks of their respective owners.
CONTACT: Kronos Incorporated
Liz Moughan, 978-947-4943
lmoughan[at]kronos.com