Picis Signs 83 Major Customer Contracts in ‘09 for its High Acuity Solutions
Adds 30 new Integrated Delivery Networks, representing 64 new healthcare facilities, to client list while expanding business to existing customers
WAKEFIELD, Mass.–(BUSINESS WIRE)– Picis today announced that despite the economy and an uncertain regulatory environment, 2009 was a banner year for the company. Eighty-three health systems selected Picis CareSuite® high-acuity care information solutions — evenly split between existing customers expanding their investments in Picis technology, and organizations implementing Picis solutions for the first time. This new business consists of approximately 30 integrated delivery networks (IDNs), representing 64 healthcare facilities in North America, and several large international contracts.
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Picis reported success across all product lines in its clinical information systems portfolio for the emergency department (ED), intensive care unit (ICU) and operating room (OR). The number of customers using Picis LYNX™ revenue management solutions doubled in 2009 as compared to 2008 with strong momentum from hospitals adding or integrating these tools to help preserve revenue and avoid leakage for reimbursable services at the point-of-care.
New customer highlights in 2009:
Key customers extending their footprint of Picis products:
“Our sales momentum in 2009 shows the increased desire by hospitals to implement specialized functionality in the high-acuity care areas with proven integration to their existing hospital information systems,” said Todd Cozzens, CEO of Picis. “We are proud that so many diverse and prestigious health systems continue to turn to Picis solutions as they seek to improve performance in their most cost and resource-intensive care areas. We hope to see this momentum continuing in 2010, as hospital business pressures continue, and ARRA HITECH funding begins to flow.”
Picis solutions help hospitals improve operations and increase patient satisfaction in the ED, perioperative areas and ICU. These comprehensive and user-friendly solutions are designed to meet the clinical documentation and financial needs of these uniquely demanding environments, while supporting the ARRA HITECH “meaningful use” requirements, RAC audits and capacity management issues that are top of mind for most hospital administrators. For more information on Picis, please visit http://www.picis.com/solutions or join a discussion on healthcare-exchange.com, Picis’ new corporate blog.
About Picis
Picis is a global provider of innovative information solutions that enable rapid and sustained delivery of clinical, financial and operational results in the acute care areas of the hospital. These high-acuity areas include the emergency department, operating and recovery rooms, and intensive care units. Picis offers the most advanced suite of integrated products focused on these life-critical areas of the hospital where the patients are the most vulnerable, the care process is the most complex and an increasing majority of hospital costs and potential revenue are concentrated. Headquartered in Wakefield, Massachusetts with European operations in Barcelona and London, Picis has licensed systems for use in more than 1,800 hospitals in 19 countries. More information is available at www.picis.com.
© 2010 Picis, Inc. All rights reserved. Picis, CareSuite, SmarTrack, Extelligence, eView for Critical Care, InSight ED, the Picis logo, LYNX, may be a trademark or registered trademark of Picis, Inc. in the United States and/or other countries. All other trademarks mentioned herein are the properties of their respective owners. This press release contains express or implied forward-looking statements relating to, among other things, Picis’ expectations concerning the functionality and market acceptance of its products, and management’s plans, objectives and strategies. These statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond Picis’ control, which could cause actual results to differ materially from those contemplated in these forward-looking statements.