AMICAS Installs Vision Series PACS At The University of Chicago Hospitals; Vision's Open-Standard, Web-based Design Provides Needed Flexibility.Business Editors/Health/Medical Writers/High-Tech Writers
BOSTON--(BUSINESS WIRE)--Dec. 3, 2003
Continuing to build on its impressive list of high-profile installations, AMICAS, Inc., a Web-based Picture Archiving and Communication Systems In medical imaging, picture archiving and communication systems (PACS) are computers or networks dedicated to the storage, retrieval, distribution and presentation of images. The medical images are stored in an independent format. (PACS (Picture ArChiving System) A storage and management system for high-resolution images. Typically pertaining to the medical field, images such as X-rays, MRIs and CAT scans require a greater amount of storage than other industries. ) company and wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
In other words, the parent company owns the company outright and there are no minority owners. of VitalWorks Inc. (NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations
U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : VWKS), has installed Vision Series(TM) PACS at The University of Chicago Hospitals The University of Chicago Hospitals form a major center for medical care and research in the Hyde Park neighborhood of Chicago, Illinois. They are affiliated with and run by the University of Chicago, and serve as teaching hospitals for students of the institution's Pritzker (UCH UCH Universidad de Chile
UCH University College Hospital
UCH Ubiquitin C-Terminal Hydrolase
UCH University Community Health
UCH University of California, Hastings College of the Law
UCH Underground Coffee House (Hartford, CT) ), a 603-bed system that conducts a high volume of imaging procedures each year. UCH, consistently recognized as being at the forefront of medicine and recently named to U.S. News & World Report's list of best hospitals, works with AMICAS to continually find ways to streamline its imaging management and workflow.
UCH selected AMICAS PACS to overcome a number of image management challenges. Because the system is a large clinical enterprise with multiple medical campuses, multiple IT departments, 48 radiologists and a large number of residents, the organization needed to streamline interaction both within the radiology department and between the radiology department and the rest of the enterprise. Moving from film-based imaging to a soft-copy system was the clear solution, and PACS will significantly hasten UCH's much needed elimination of film.
In selecting AMICAS as its PACS vendor, UCH sought to leverage enterprise investments in IT and infrastructure, obtain a robust workflow engine Workflow engine is a software application meant to manage and execute modeled business processes.
It is a key component in workflow technology. It will typically make use of a database server. to manage its complex clinical environment and access a large store of prior studies with a PACS that could ramp up Ramp Up
To increase a company's operations in anticipation of increased demand.
A company might 'ramp up' operations if they just signed a contract creating substantially more demand for their product.
See also: Demand, Economies of Scale quickly and seamlessly.
"Since we began working with AMICAS in 1999 for enterprise image management and now for PACS, our interaction has been much more of a partnership than a typical vendor-customer relationship," said UCH Director of Radiology Informatics Sanju Abraham. "AMICAS has grown alongside us and has worked diligently to deliver a product that continues to meet our specific needs, from both a technology standpoint and in terms of superior professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. in the form of training and support. Working with AMICAS and seeing the positive impact its Vision PACS has had across the entire UCH organization has inspired us to continually look for ways in which we can improve ourselves."
As part of the effort to eliminate film and streamline its imaging workflow with AMICAS PACS, UCH gave physicians significantly easier access to patient image studies through the Electronic Medical Record (EMR (ElectroMagnetic Radiation) The emanation of energy from everything in the universe. Although the EMR from electrical and electronic devices is typically measured for practical, every-day situations, every object, including humans, emanates energy. ), and gained the ability to scale as the organization grows. Because AMICAS' Vision PACS is an open-standard, Web-based product, UCH has the freedom to continue to use its existing systems from a variety of technology vendors - an option not available with most legacy PACS offerings.
"We are honored to serve yet another prestigious healthcare facility with our AMICAS Vision Series PACS," said AMICAS CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Hamid Tabatabaie. "UCH has been a valued customer that has utilized AMICAS products to distribute images to hundreds of desktops throughout the organization. Now, with the addition of RealTime Worklist and the LightBeam radiology workstation, UCH can gain efficiencies and improve quality simultaneously. We look forward to incorporating ongoing enhancements that result from UCH's advice and guidance in the future revisions of the Vision Series products for all our customers."
About AMICAS, Inc.
Established in 1995, AMICAS provides Web-based, software-only medical and diagnostic image management solutions. AMICAS conceived the software architecture of The Vision Series, combining PACS functionality into a centralized, standards-based and manageable platform. AMICAS continues to craft scalable, feature-rich solutions to meet the workflow, integration and care needs of all institutions, filling the performance and scalability void left by legacy approaches. AMICAS promotes solutions that leverage the cost efficiencies of a technology-forward design that responds to emerging technologies. Purposely selecting a vendor-neutral hardware approach, AMICAS' value proposition affords clients an average two to three year ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). - half that of traditional solutions.
AMICAS' demonstrated leadership is evident in a diverse customer base encompassing more than 180 facilities, processing more than five million exams per year. AMICAS solutions are implemented at renowned institutions, including New York-Presbyterian Healthcare System and Massachusetts General Hospital Massachusetts General Hospital Health care The major teaching hospital for Harvard Medical School, widely regarded as one of the best health care centers in the world for enterprise distribution of images, and Rush North Shore Medical Center, Michigan State University Michigan State University, at East Lansing; land-grant and state supported; coeducational; chartered 1855. It opened in 1857 as Michigan Agricultural College, the first state agricultural college. , Cayuga Medical Center and Porter Memorial Health System for end-to-end PACS. As previously reported, VitalWorks Inc., a leading provider of information management technology and services targeted to healthcare practices and organizations throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , acquired AMICAS on November 26, 2003. Additional information about AMICAS can be found at www.amicas.com. Additional information about VitalWorks can be found at www.vitalworks.com
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1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.
2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement
Except for the historical information herein, the matters discussed in this release include forward-looking statements. The forward-looking statements contained in this release include statements about future financial and operating results and the proposed acquisition. When used in this press release, the words: believes, intends, anticipates, expects, and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the risk that VitalWorks and AMICAS' businesses and/or products will not be integrated successfully; the failure by the companies to retain key employees, integrity of the intellectual property of AMICAS, continued compliance of all government laws, rules and regulations for all applicable products, the failure by the company to complete and deliver products and services within currently estimated time frames and budgets, the inability to achieve revenues from combined lines of products, economic and political conditions in the United States and abroad and other risks affecting VitalWorks' businesses generally and as set forth in VitalWorks' most recent filings with the Securities and Exchange Commission. All forward-looking statements in this press release are qualified by these cautionary statements and are made only as of the date of this press release. VitalWorks and AMICAS are under no obligation to (and expressly disclaim any such obligation to) update or alter their forward-looking statements whether as a result of new information, future events or otherwise.