AMS announces 1995 healthcare revenues; Healthcare revenues exceed $13 million.FAIRFAX, Va.--(BUSINESS WIRE)--March 4, 1996--American Management Systems (AMS AMS - Andrew Message System ) (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 Ticker Symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors : AMSY AMSY American Management Systems, Inc (stock symbol) ) today announced that its healthcare systems and technology practice, formally launched in 1995, achieved revenues of $13.3 million for advanced technology projects for health care providers. These results reflected sales of the company's workflow products for medical records and patient financial services, custom development of client/server-based information systems, and specialized technology consulting. "The healthcare industry has welcomed AMS's blend of advanced technology skills and business insight," said AMS 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. Paul Brands. "During 1995, AMS implemented practical solutions to key challenges facing healthcare providers, such as reducing the paperwork burden in medical records and patient financial services, building high performance customer service capabilities, and finding ways to efficiently share data enterprise-wide." "We expect to continue our fast-paced growth in 1996," said AMS vice president Peter Gretz, who manages AMS's healthcare business. "We will build on our technical leadership in workflow, groupware, and client/server technologies and on AMS's proven ability to deliver solutions to complex business problems. I am particularly excited by our new information technology consulting Information technology consulting (IT consulting or business and technology services) is a field that focuses on advising businesses on how best to use information technology to meet their business objectives. projects for managed care enterprises, and by the level of interest in our workflow and groupware solutions." Besides serving healthcare providers, AMS performed projects valued at over $15 million for government health services programs and the health insurance industry. These figures were not included in the healthcare total, as the company reports such revenues under separate market categories. AMS offers healthcare organizations specialized services and products, including document imaging and workflow systems, client/server software development, groupware solutions, and a range of information technology consulting services including strategic systems planning, business process reengineering See reengineering. , and enterprise computing and technology architecture development. AMS's business is to partner with clients to achieve breakthrough performance through the intelligent use of information technology. AMS is a business and information technology consulting firm that provides a full range of services: business reengineering, change management, systems integration, and systems development and implementation. AMS, which completed its 26th consecutive year of growth, is headquartered in Fairfax, Va., with offices in 48 cities throughout North America and Europe. AMS's revenues for 1995 were $632 million. CONTACT: American Management Systems American Management Systems (previous NASDAQ symbol: AMSY) was founded in 1970 as a technology and management consulting firm. It was founded by a group of five former United States Department of Defense officials who worked under Robert McNamara in the Kennedy and Johnson Charlene Baldwin, 703/267-5035 or Ketchum Public Relations Kathleen Kenney, 212/878-4717 |
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