BKDforesight™ Receives BKD’s 2021 Innovation of the Year Award
NATIONAL OFFICE – BKD CPAs & Advisors’ CEO Tom Watson is pleased to announce that BKDforesight powered by Synario™ received the firm’s 2021 Innovation of the Year Award. Launched in October 2020, BKDforesight is a predictive analytics health care financial modeling tool designed to provide vital information on how future changes, challenges and decisions can affect an organization.
The 2021 Innovation of the Year Award is voted on by members of BKD’s Growth and Innovation Governance Committee. Watson presented the award to idea innovators Director Andrea Sartin, Partner David Taylor, Director Eric Lopata and other project members during his companywide state of the firm address.
“This is truly an exciting step along our innovation journey, and I’m excited to see the multitude of new ideas that are being generated from BKD’s increased focus on innovation. I am honored to recognize this team’s excellence and celebrate our continued commitment to principled innovation,” Watson said.
BKDforesight was developed through the collaborative efforts of the firm’s health care industry and BKD’s innovation program, BKD EDGE, which was created in 2018 to identify the complex problems facing clients and then encourage new products, services and market ideas to better solve those problems. This dynamic financial modeling platform efficiently produces forecast financial statements, benchmarks and other metrics over a multiyear planning horizon.
BKDforesight has generated considerable buzz and attention since market launch as it helps health care organizations analyze various layers of “what-if” scenarios and identify the real-time financial statement impacts that may occur.