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Canvas IT
Table of Contents
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Situational Analysis
Organizational Backgrounder
About Canvas IT
Canvas IT is an outsourced service desk and healthcare integration firm
based out of Atlanta, Georgia. This start-up company was founded in 2010
by CEO Micah Laughlin, who has since assembled a team of roughly 25
highly experienced healthcare and IT professionals. Laughlin has over 17
years of healthcare technology industry experience, including serving as the
Vice President of Regency Hospital Company which supported 23 hospitals
with over 4000 employees across the country. After selling Regency,
Laughlin was compelled to create a company to be a leader in the industry
of healthcare technology support, and has since grown to encompass
several other aspects including Epic Interoperability, healthcare integration
and service desk support.
Canvas IT Services
The company has created a centralized model to assist clients maximize
efficiencies and reduce overall costs while delivering exceptional service to
boost end-user productivity.
The service desk portion focuses on meeting clients specific needs, as no
two companies are the same. Offering single point of contact, on-shore
domestic remote support, the professional and tenured staff is available for
all tiers of service. Differing tiers include Always On Tier 1 (AOT1), Core
Business Hours (CBH), After-Hours Partnership (AHP) and Tier 0 Ticket
Triage (T0TT). In addition, all services are scalable and designed to be
flexible with growing businesses.
Epic Systems Interoperability is another aspect encompassed by the
company. Canvas IT is an industry expert in Epic systems interoperability.
From custom interface development, to vendor portfolio management, to
optimization and ongoing support, Canvas IT can create, navigate, and
successfully implement an interoperability road map that will guide success
and measurable ROI for your institution in the meaningful-use era.
Key People
Micah Laughlin is the founder and CEO of Canvas IT. He possesses over 17
years of experience in the healthcare IT industry, mostly in rural hospitals.
He has planned and implemented technology solutions throughout the
country for acute and behavioral hospitals, physician practices and
ambulatory surgery centers. He previously served as Vice President of
Regency Hospital Company supporting 23 hospitals across 9 states with
approximately 1000 beds and 4000 staff members. During his career, Micah
and Business Analyst for two of the largest companies in Atlanta. This
unique blend of Sales and real world Service Desk experience make
Jonathan a unique resource for companies evaluating Service Desk options.
Bryan Fowler actively serves as the Vice President of Healthcare
Interoperability at Canvas IT. Fowler specializes in providing Big-4 level
strategy-to-operations IT integration solutions to private and public health
care organizations and similar compliance-laden entities. He leverages his
committee membership at IHE (Integrating the Healthcare Enterprise) to
provide next generation advisory services to organizations working to
address complex sustainability issues. Fowler helps clients overcome a
climate of increased regulatory compliance and rising costs specifically
around areas of technology implementations and interoperability by
leveraging experienced solution teams and best-practice Project
Management Office (PMO) guidelines.
Accomplishments
Over the short five years of Canvas ITs beginning, there have been several
rapid changes and advancements. Opening as a start-up company in 2010,
every employee had to possess a variety of skills and actively complete tasks
across the spectrum of services. The service desk aspect showed
tremendous growth roughly 18 months after opening with the transition of
selling multiple tiers of support to primarily selling Tier 1 support and also
selling to two non-healthcare clients. This led to the hiring of Jonathan
Stephen, launching the rapid growth of the service desk aspect.
EHR optimization has also shown rapid growth. While initially only focusing
on Epic Interoperability, Canvas IT has now changed gears to encompass
Healthcare Integration, providing the opportunity to partner with large
clients by being experts in an area of great need.
In relation to revenue, Canvas IT has reached a top line revenue of around
$2 million in the past five years and has set a goal to reach $5 million by the
end of 2016.
Opportunity Backgrounder
Other Service Desk and Interoperability Firms
Canvas IT is not the only company in the world specializing in service desk
support or interoperability solutions.
HCI Group is a global healthcare integration firm with offices in the United
States, Canada, and the United Kingdom. The HCI Group is much more
than a world-class staff augmentation firm; our domain knowledge of
healthcare IT projects spans every aspect of the EHR implementation
SWOT Analysis
Strengths: Internal Factors
Executive committee contains a diverse group of individuals, ethnicities and
professional careers.
The team has a very intimate workplace culture, with employees possessing
similar values and qualities.
Employees are experts in their fields.
Being a relatively new company, Canvas IT is flexible and growing.
Possesses and eager and aggressive mindset and are very adaptable.
Weaknesses: Internal Factors
Being relatively new, the company lacks established processes and
organizational experience.
Marketing team could be considered a weak link due to outsourcing a firm.
Lack of depth of client base.
Opportunities: External Factors
Working towards being a world leader healthcare integration.
Going global is in the works.
Relatively new company allows for tremendous growth in a very specific
niche.
Threats: External Factors
Other large-scale firms tend to attract larger big-pocket companies.
Could be difficult to penetrate an already competitive field and still gain
substantial profits and growth.
The organization will plateau at its current stage of development and not
achieve its goal.
Statement of Purpose
The purpose of this communication proposal is to create a general outline of
Canvas IT collectively, allowing all employees to be united in who the
company is, where the company has come from, and where the company is
going.
Target Audience
The forthcoming plan targets a distinct, yet broadening audience for various
aspects of the company: healthcare integration applies to any/all healthcare
d.
Goals
Building a Recurring Revenue Model.
Objective: The overall objective will be to achieve greater than 50% of
revenue to be recurring (multi-year contracts).
Strategy: Establishing close relationships with current integration clients
can lead to a greater chance at having a stable revenue model through
following up with a support contract.
Tactics: Achieve 20% top-line profitability; being an authoritative brand in
relation to both support and healthcare integration; create at least one new
support client a month in the fractional support model to create larger
profits.
Evaluation: The success of this goal will be measured by evaluating the
overall recurring revenue quarterly and annually.
Conclusion
The primary goal for Canvas IT is to create a recurring revenue model as
soon as possible. It is also critical to establish a unified marketing plan in
conjunction with the overall sales strategies to ensure the company is
maximizing market exposure to meet with recurring revenue goals.
Canvas IT has shown tremendous growth since its opening, and is currently
in the process of really refining its offerings to gain the most traction
possible in such a specific industry. There is strong company leadership and
with high objectives for the next year including obtaining 20% margin and
going global.