Universal Health Services Inc. (UHS) Selects MediSolution for Hosted Laboratory Information System Solution
MONTREAL, QUEBEC–(CCNMatthews – May 3, 2007) – MediSolution Ltd (TSX:MSH), a leading healthcare and public sector information technology company, today announced that Universal Health Services Inc. (UHS), one of the largest and most respected healthcare management companies in the US, has purchased MediSolution’s automated TD-Synergy laboratory information system and Virtuo Business Intelligence solution for a system-wide implementation of their acute care hospitals. The comprehensive solution will be centrally hosted at the King of Prussia corporate headquarters and used by twenty-five different sites across the UHS network. Three hospitals, located in Nevada and Florida, have been identified for the initial phase of the project which is slated for implementation over the next twelve months. The contract is expected to generate over $5 Million in software licensing and professional services revenue over the next three years.
Specifically designed to increase operational efficiency and results reporting within clinical laboratories, the MediSolution laboratory information solution automates numerous functions, ranging from laboratory requests, to the integration of point of care testing, to the production and communication of web-enabled final test results. The UHS solution includes the implementation of the core laboratory, microbiology, anatomical pathology, web-outreach and document management modules.
“The selection of MediSolution came after an extensive review and evaluation of the various systems currently available in the marketplace”, said Jerry Staples, UHS Laboratory Consultant. “The system’s superior reporting capabilities, flexibility and scalability will allow us to streamline costs while enhancing functionality.”
The Virtuo Business Intelligence (BI) solution turns laboratory data into web-based dashboards and scorecards which can be viewed system wide. This will allow the UHS team to easily track key performance indicators to quickly identify trends and implement appropriate actions to enhance quality and improve the return on investment across their entire network of laboratories.
“We are thrilled to have UHS, with their impressive portfolio of acute care and behavioral health hospitals, join our growing family of US Laboratory clients,” said Paul Lepage, President and Chief Executive Officer at MediSolution. “Our feature rich TD-Synergy laboratory system with its rules based intelligence engine, coupled with the performance dashboards in our Virtuo BI solution will help the UHS network of acute care hospitals meet their goals of maximizing utilization, increasing productivity, creating value and supporting optimal patient care”.
About MediSolution
MediSolution (TSX:MSH), a Brookfield Asset Management company, is a leading healthcare and public sector information technology company, providing software, solutions and services to customers across North America. More than 500 hospitals and other healthcare facilities and close to 200 public sector and related organizations rely on MediSolution’s systems to maximize their operational efficiencies, lower their costs, and improve the delivery of services. MediSolution has two operating segments. The Resource Management Systems segment is comprised of Financial Management software such as accounts receivable, budgeting and materials management as well as Human Capital Management tools including human resource management, staff scheduling and payroll processing. The Healthcare Information Systems segment is comprised of clinical solutions such as patient tracking, electronic patient health records, pharmacy, radiology and laboratory software for healthcare organizations.
For more information, visit www.medisolution.com.
About Universal Health Services Inc.
Universal Health Services, Inc., headquartered in King of Prussia, Pennsylvania, operates acute care hospitals, behavioral health facilities and ambulatory centers nationwide and in Puerto Rico. UHS acts as advisor to Universal Health Realty Income Trust (NYSE: UHT), a real estate investment trust.
For more information, visit http://www.uhsinc.com.
