SEI Receives Peer Reviewed Designation From Healthcare Financial Management Association (HFMA)
OAKS, PA -- (MARKET WIRE) -- 10/03/11 -- The Healthcare Financial Management Association (HFMA) recently reviewed SEI (NASDAQ: SEIC), using the Peer Review Process. After undergoing the rigorous review, SEI's institutional investment solution for healthcare (HealthcareConnect 360) has been granted the "Peer Reviewed by HFMA®" designation.
SEI's HealthcareConnect 360 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 organization's balance sheet. This comprehensive view of all asset pools, coupled with SEI's leading manager of managers investment process, benefits the company's healthcare clients by providing balance sheet protection, improved debt capacity, stronger assessments by major credit agencies and risk management and true diversification across investment managers and asset classes.
"SEI offers an investment management solution customized to the ongoing needs of healthcare organizations and the 'Peer Reviewed by HFMA®' designation is a further validation that is the case," said Paul Klauder, Vice President, SEI's Institutional Group. "We work with nearly 50 healthcare organizations who have achieved benefits from SEI's ability to provide investment management services that focus on how investments can impact a broader set of financial metrics such as cash flow, balance sheet, debt covenants, capital projects and operations. We are pleased that the HFMA recognized the uniqueness of our solution and the value it provides to healthcare organizations."
HFMA's Peer Review process is designed to provide healthcare financial managers with an objective third-party evaluation of products and services used in the healthcare finance workplace. The rigorous, eleven-step process consists of a peer review panel consisting of current customers, prospects who have not made a purchase, and expert HFMA Peer Review board members. Peer Review status approval of the product or service and its performance claims are based on effectiveness, quality and usability, price, value, and customer and technical support.
"HFMA's Peer Review process provides our membership with the assurance that those who have earned the designation have met a rigorous screening process," says HFMA President and CEO Richard L. Clarke, DHA, FHFMA. "The Peer Reviewed designation helps members and others identify and evaluate products and services that their organization may need. It can also create brand awareness and recognition in the healthcare finance marketplace for Peer Reviewed products and services."
About SEI
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, 2011, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $430 billion in mutual fund and pooled assets or separately managed assets, including $180 billion in assets under management and $250 billion in client assets under administration. For more information, visit www.seic.com.
About SEI's Institutional Group
SEI's Institutional Group delivers integrated healthcare, retirement and nonprofit investment solutions to more than 450 global institutional clients in six different countries. SEI enables clients to meet financial objectives, reduce business risk, and fulfill their due diligence requirements through implemented fiduciary management strategies for defined benefit plans, defined contribution plans, endowments, foundations and other balance sheet assets. For more information, visit www.seic.com/institutions.
About HFMA
The Healthcare Financial Management Association (HFMA) provides the resources healthcare organizations need to achieve sound fiscal health in order to provide excellent patient care. With more than 37,000 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. www.hfma.org
Source: SEI
Released October 3, 2011