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Four Companies Align to Reduce Document Expenses for Hospitals

Monday, February 05, 2001

Press release from the issuing company

(DAYTON, OHIO), February 2, 2001… A new alliance announced today will help hospitals and other acute care facilities reduce costs, increase efficiencies, and improve the quality of patient care by joining together best-in-class providers of healthcare solutions and bar code technology. The alliance-called PrecisionNet-joins the expertise of Standard Register (NYSE: SR), Scan Modul System, Lattice Inc. and Computer Sciences Corporation (NYSE: CSC). PrecisionNet will debut at the Healthcare Information and Management Systems Society (HIMSS) trade show in New Orleans February 5-8 in booth #3058. “Each of the four companies brings a unique capability to the alliance,” says Yvonne Guillotte, Manager, Healthcare Marketing at Standard Register. “Document Automation, Inventory Control and Cost Tracking, Error Reduction, and Project Management Services are each provided by a different member of PrecisionNet, yet all the solutions work together to give hospitals what they need most-the time necessary to provide proper patient care.” Standard Register provides the Document Automation portion of the program. Through the Company’s unique Patient LinkUp Enterprise system, hospitals can take advantage of bar coding, just-in-time distributed printing of documents and labels and automated links to the Electronic Medical Record of each patient. Scan Modul System uses bar coding technologies to help hospitals track inventories and expenses. Estimates indicate that hospitals have more than $11 billion in waste in their supply chains. By tracking what supplies are used by what personnel, and for what patients, hospitals can begin to analyze their costs to determine where money can be saved. It also allows for automatic updates to patient bills based on supplies used. Positive Patient Identification and specimen, transfusion and medication tracking are provided by Lattice Inc.’s Medicopia solution. Through the use of bar codes, Lattice’s technology allows hospitals to ensure that the correct medication and lab tests are matched with the appropriate patients. This technology is aimed at reducing the large number of preventable medical errors that occur in the healthcare system each year. CSC’s Healthcare Group provides the analysis, assessment, re-engineering and project management for PrecisionNet. CSC has more than 25 years experience in healthcare technology and consulting. “We know how to partner with other vendors to truly leverage each organization’s expertise,” says Arthur Spiegel, III, president and CEO of CSC’s Healthcare Group. “Working together, these companies have the tools, skills and talent to realize dramatic improvement in patient care and reduced healthcare costs.” Scan Modul System The Happauge, New York-based company provides the key elements that can be incorporated into a hospital’s supply chain. The Scan Modul barcode based “No-Count” system, in combination with their supply basket system, provides for highly efficient, error-free supply replenishment.

 

 

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