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Broadlane Awards $250 Million Agreement to Xerox

Press release from the issuing company

Xerox to Provide Healthcare-Focused Products, Services, Solutions to Broadlane Customers SAN FRANCISCO & ROCHESTER, N.Y.--March 25, 2002--Broadlane Inc. has awarded Xerox Corporation a five-year agreement worth approximately $250 million. Under the terms of the agreement, Xerox will provide document management products, solutions and services to Broadlane's healthcare customers at preferred prices and terms. The contract provides Broadlane customers, which include more than 300 acute care hospitals and 1,400 sub-acute care facilities, access to Xerox's line of Document Centre digital multifunction systems and knowledge-sharing software, including DocuShare-Xerox Document Repository Software and FlowPort-Xerox Image Routing Software. The combinations of these products form the foundation of many of Xerox's healthcare solutions. Xerox's healthcare solutions help improve workflow processes and manage important patient care documents more efficiently. They address key issues facing healthcare providers, such as complying with HIPAA (Health Insurance Portability and Accountability Act), streamlining emergency room patient care records for optimal reimbursement, and reducing the cost of managing critical patient care documents. The agreement also provides Broadlane customers the option of outsourcing various mailroom, printing and copy-center services to Xerox. "Xerox realizes the importance documents play in the healthcare setting and we have developed the right tools to help healthcare providers improve productivity and reduce costs,'' said Mike MacDonald, president, Xerox North American Solutions Group. "Our products and services will allow Broadlane customers to reduce document-related costs across the board.'' Xerox was awarded the contract as part of Broadlane's intensive contract selection process, which focuses on delivering high-quality, cost-effective solutions to Broadlane hospitals and other healthcare customers. To ensure that it selects the best products and vendors for its customers, Broadlane solicits input and direction from key end users and committees. "This new agreement with Xerox provides immediate and tangible savings to Broadlane customers, through discounted product prices and the introduction of cost-reducing multifunction digital machines,'' said Mike Hasselle, Broadlane Contracting Services Department. "Broadlane's end user committees selected Xerox based on these savings and its proven document management solutions.''