Army Medical Signs Five Year, $30 Million Dollar Contract for L&H Dictaphone Dictation, Transcription Solutions.Business/Technology Editors BURLINGTON, Mass. & STRATFORD, Conn.--(BUSINESS WIRE)--Aug. 9, 2000 L&H Dictaphone Healthcare Solutions Chosen from Field of Competitive Offerings; Contract is One of Many Recent Wins, Underscoring Company's Leadership Position in Healthcare Dictaphone, a Lernout & Hauspie (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 : LHSP LHSP List Hosting Service Provider LHSP Left Handed Starting Pitcher , EASDAQ See European Association of Securities Dealers Automated Quotation. : LHSP) (L&H) company, announced today that the Army Medical Department (AMEDD AMEDD Army Medical Department (US Army) ) has signed a contract worth up to $30 million dollars, calling for L&H(TM) Dictaphone(R) Healthcare Solutions Group to provide dictation and transcription solutions, including a forthcoming Internet-based solution series for the Army's medical facilities. The high-profile Army contract, which was sought after by many other healthcare solutions vendors, is one of several significant medical market contracts recently secured by L&H Dictaphone and underscores the newly integrated company's leadership in the healthcare industry. The solutions covered by the contract include L&H(TM) Dictaphone(R) Enterprise Express(R) Voice, Text as well as continuous speech recognition products. The offerings will provide the Army with automated solutions for the creation, management and analysis of patient medical records for as many as thirty-seven peacetime medical facilities worldwide. "L&H and Dictaphone have combined their resources to create a new, formidable leader in the healthcare solutions industry. The integration of our assets will drive the development and delivery of a wide range of leading-edge offerings for the medical market, including an Internet-based document creation, management and analysis solution," said John Duerden, 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. and president of L&H Healthcare Solutions Group. "Our current and future solutions have the potential to tremendously enhance productivity for healthcare organizations worldwide. We believe that the Army chose our offerings because of this potential and the other benefits inherent in using our healthcare solutions." "After carefully evaluating a host of dictation and transcription solutions we determined that L&H Dictaphone solutions are the best suited to our current and future needs," said Lynne Zetterholm, Chief of the Program Integration and Oversight Division at the Army Office of the Surgeon General The U.S. Surgeon General is charged with the protection and advancement of health in the United States. Since the 1960s the surgeon general has become a highly visible federal public health official, speaking out against known health risks such as tobacco use, and promoting disease . "We believe that L&H Dictaphone solutions will provide a number of benefits, including improved transcription report quality, more consistent turn-around times and reduced transcription costs. We also expect the systems will provide us with a standardized approach According to International Convergence of Capital Measurement and Capital Standards, known as Basel II, the standardized approach is a set of risk measurement techniques for banking institutions. The term may be used in the context of credit risk or operational risk. to providing digitized clinical reports." The contract calls for an initial delivery of twelve systems of Enterprise Express Voice, Text as well as continuous speech recognition products and services within the next three months. In addition, the contract calls for systems and services purchased on a subscription basis. The contract was awarded by the Army Medical Department's Central Contracting Activity, located in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. . The Army Office of the Surgeon General is providing the strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. and oversight for this project. L&H Dictaphone will establish a centralized program office in Melbourne, Florida Melbourne is a city in Brevard County, Florida, United States. As of the 2000 census, the city had a total population of 71,382. As of 2005, the population estimated by the U.S. Census Bureau is 76,646. , which will drive first phase installation of twelve systems -- nine of which are in the continental United States United States territory, including the adjacent territorial waters, located within North America between Canada and Mexico. Also called CONUS. and three in Germany. L&H Dictaphone Enterprise Express is a family of integrated digital dictation Digital dictation is a method of recording and editing the spoken word in real-time within a digital audio format. Digital dictation offers several advantages over traditional cassette tape based dictation: L&H Dictaphone Healthcare Solutions Strategy L&H Dictaphone has been actively implementing a strategy aimed at creating one-stop technology- enhanced solutions to reduce the tremendous cost and time required to create, manage and analyze medical documentation. The company expects that these forthcoming solutions will automatically capture data from patient encounters via clinicians' direct use of automatic speech recognition software or via a dictation and transcription service that allows clinicians to continue dictating in the manner to which they are accustomed. L&H also plans for its solutions to convert large volumes of captured text into valuable data by applying coding, data mining and clinical language understanding technologies in support of applications such as coding/abstracting, utilization reviews, decision support, and outcomes analysis. The data would be quickly and easily accessible enterprise-wide via a Web-based workflow management and communications system In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. . L&H Dictaphone plans to successfully implement this medical solutions strategy by combining its existing healthcare industry expertise and technology with that of other carefully chosen medical market vendors such as Rodeer, LTI LTI Linear Time Invariant LTI Long Term Incentive (NZ) LTI Lingua Tertii Imperii (language of the NAZI empire, Latin) LTI Lost Time Injury LTI Leadership Training Institute LTI Lost Time Incident , and OmniMed. The services and solutions that the company expects to offer as part of its healthcare solutions suite include an end-to-end document creation, management and analysis solution, available via an application service provider (ASP) model; and an Internet-based dictation and transcription service that allows clinicians to capture dictation without changing the way they currently work. About Lernout & Hauspie Lernout & Hauspie (L&H) is a global leader in advanced speech and language solutions for vertical markets, computers, automobiles, telecommunications, embedded products, consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and and the Internet. The company is making the speech user interface (SUI Sui (swā), dynasty of China that ruled from 581 to 618. This short-lived dynasty reunified China in 589 after 400 years of division and laid the foundation for further consolidation under the T'ang dynasty. ) the keystone of simple, convenient interaction between humans and technology, and is using advanced translation technology to break down language barriers. The company provides a wide range of offerings, including: customized solutions for corporations; core speech technologies marketed to OEMs; end user and retail applications for continuous speech products in horizontal and vertical markets; and document creation, human and machine translation services, Internet translation offerings, and linguistic tools. L&H's products and services originate in Verb 1. originate in - come from stem - grow out of, have roots in, originate in; "The increase in the national debt stems from the last war" four basic areas: automatic speech recognition (ASR (Automatic Speech Recognition) Using voice recognition to replace keypad entry for telephone voice menus. Typically used to speak the digits 0 through 9 insted of keying them, ASR systems may be able to recognize a limited vocabulary. See voice recognition and AVSR. ), text-to-speech (TTS (1) See text-to-speech. (2) (Transaction Tracking System) Software that monitors a transaction until completion. In the event of a hardware or software failure, it ensures that the database is brought back to its former state before the attempt to ), digital speech and music compression (SMC SMC Saint Mary's College SMC Santa Monica College SMC Solaris Management Console SMC Smooth Muscle Cell SMC Small Magellanic Cloud (also see LMC) SMC Safety Management Certificate (maritime shipping) ) and text-to-text (translation). For more information, please visit Lernout & Hauspie on the World Wide Web at www.lhs.com or www.lhsl.com. This News Release contains forward-looking information that involves risks and uncertainties, including statements about the company's plans, objectives, expectations and intentions. Such statements include, without limitation, discussions concerning the company's strategic direction, new product introductions and developments and market growth. Readers are cautioned forward looking statements include known and unknown risks, including uncertainty of new product development, the risk that newly introduced products may contain undetected errors or defects or otherwise not perform as anticipated, early stage of development of the speech, language and medical information technology markets, the ability of L&H's customers to successfully integrate and commercialize L&H's technology, the uncertainty of future government appropriations, the company's ability to predict accurately the demand for its products in these emerging markets and to develop strategies to address these markets successfully, the company's ability to manage its growth and changing business, the company's ability to successfully integrate the operations of Dictaphone, the retention of key technical and other personnel, risks associated with the financial leverage associated with the company's assumption and/or repayment of Dictaphone indebtedness, currency and other risks related to international operations, rapid technological change and intense competition, as well as other risks set forth in L&H's filings with the Securities and Exchange Commission. The forward-looking statements contained herein speak only as of the date of this News Release. The company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in the company's expectations or any change in events, conditions or circumstance on which any such statement is based. All product names and trademarks mentioned herein are trademarks of L&H or their respective owners. |
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