Chicago - October 7, 2013 - The Healthcare Financial Management Association (HFMA) today announced that, following rigorous review, SEI’s Institutional Group has once again achieved the "Peer Reviewed by HFMA®" standard for the company’s Institutional investment solution for healthcare organizations (HealthcareConnect 360).
SEI’s healthcare solution combines investment management with proprietary technology and strategic advice to provide healthcare systems and hospitals with a comprehensive view of the relationship between defined benefit, nonprofit, and unrestricted investable asset pools and the organizations’ balance sheets. This comprehensive view of all asset pools, coupled with SEI’s leading fiduciary management investment process, benefits the company’s healthcare clients by providing services focused on balance sheet protection, improved debt capacity, stronger assessments by major credit rating agencies, risk management, and true diversification across investment managers and asset classes.
“SEI’s investment solution for healthcare providers integrates multiple asset pools, including operating, foundation and pension plan assets, with corporate finances to create one holistic investment strategy. This approach, combined with our demonstrated expertise in outsourced fiduciary management, enables our clients to focus on broader organizational strategy, and better aligns portfolio objectives with balance sheets, debt covenants, capital financing, and other key financial metrics,” said Craig Standen, Director of Healthcare Advice, SEI’s Institutional Group. “We are pleased to continue to receive the ‘Peer Reviewed by HFMA®’ designation year after year, and believe it is a testament to the value that healthcare organizations find in SEI’s custom solutions and expert advice.”
HFMA's Peer Review process provides healthcare financial managers with an objective third party evaluation of products and services used in the healthcare workplace. The eleven-step process includes a Peer Review panel review comprised of current customers, prospects who have not made a purchase, and industry experts. Peer Review status of the product or service and its performance claims are based on effectiveness, quality and usability, price, value, and customer and technical support.
"We’re pleased to renew SEI’s HFMA Peer Reviewed designation," says HFMA President and CEO Joseph J. Fifer, FHFMA, CPA. "The HFMA Peer Review process assures our members, through a rigorous evaluation, that the reviewed product or service meets an objective thirdparty assessment of overall effectiveness, quality, and value."
HFMA provides the resources healthcare organizations need to achieve sound fiscal health in order to provide excellent patient care. With more than 40,000 members, HFMA is the nation's leading membership organization of healthcare finance executives and leaders. HFMA helps its members achieve results by providing education, analysis, and guidance, and creating practical tools and solutions that optimize financial management. The organization is a respected and innovative thought leader on top trends and challenges facing the healthcare finance industry. From addressing capital access to improved patient care to technology advancement, HFMA is an indispensable resource on healthcare finance issues.
Healthcare Financial Management Association
SEI (NASDAQ:SEIC) is a leading global provider of investment processing, fund processing, and investment management business outsourcing solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of June 30, 2013, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $507 billion in mutual fund and pooled or separately managed assets, including $204 billion in assets under management and $303 billion in client assets under administration.