Bio-Reference Laboratories, Inc. Announces PSIMedica Contract with Keenan & Associates, Inc.ELMWOOD PARK Elmwood Park, village (1990 pop. 23,206), Cook co., NE Ill., a suburb of Chicago; inc. 1914. It is chiefly residential. , N.J. -- Bio-Reference Laboratories, 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 : BRLI BRLI Bio Rad Laboratories Inc ) announced today that its PSIMedica division has executed a strategic contract with Keenan & Associates, Inc., the largest privately held brokerage firm in California, to provide healthcare information analytics through its Clinical Knowledge Management (CKM CKM Cabibbo-Kobayashi-Maskawa (quark mixing matrix) CKM Certified Knowledge Manager (trademark of Hudson Associates Consulting, Inc. ) solution. In an effort to provide superior informatics business intelligence and solutions to its customers, Keenan will offer CKM to selected customers to enhance its other services and solutions. CKM is a proprietary solution that will enable Keenan to provide comprehensive analysis of healthcare costs and benefits. Tom Edwards For the musician see Tom Edwards (musician) Tom Edwards born in British radio presenter and television announcer, born in Norwich on March 20, 1945. He began his working life as a journalist, before becoming the announcer on a Border Television programme called , Senior Vice President of Keenan & Associates, says, "We help our clients understand the disease burden in their workforce and develop targeted solutions to improve quality and reduce cost," When we evaluated the flexibility, speed and overall performance of the PSIMedica CKM application, along with a lower total cost of ownership, the decision to enhance our infrastructure was straightforward." Adds Steve Richter, Keenan's Healthcare Senior Vice President, "With PSIMedica CKM, we can help our clients understand the disease burden in their workforce and develop targeted solutions to improve quality and reduce costs." PSIMedica's Clinical Knowledge Manager (CKM) software solution is a web based Coming from a Web server. See Web application. application that integrates disparate data such as claims, drugs, laboratory test results, HRAs, and personnel records into financial and quality analytics on the employee benefits experience. The information integrated into CKM is obtained from a broad array of sources, including the employers themselves; their health benefits carriers, PBMs, and disability / workers compensation vendors; as well as direct service providers such as laboratories, and disease management companies. "Healthcare is turning to information technology to improve healthcare and control costs and Bio-Reference has been a leader in this process," noted Marc D. Grodman, MD, President and 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. of BRLI. "Clinical laboratories are information companies; we get specimens in, we process those specimens and we deliver information back to the healthcare providers. Laboratories are increasingly called upon to provide the data that will enable payers to evaluate performance, to participate in the healthcare information technology process. A majority of clinical decisions utilize laboratory data to help with those decisions. BioReference has been leveraging its expertise in the clinical diagnostic process and has built an analytical engine A programmable calculator designed by British scientist Charles Babbage. After his Difference Engine failed its test in 1833, Babbage started the design of the Analytical Engine in 1834. that will enable payers to make better decisions about healthcare utilizing all data sources in order to improve their understanding of cost drivers. That analytical engine is PSIMedica and we look forward to working with Keenan as they attempt to provide better, more effective decisions for their customers." About Keenan & Associates Keenan & Associates, headquartered in Torrance, CA, was founded in 1972. Keenan has grown to the 17th largest insurance broker in 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. . With a network of offices located throughout California and a staff of more than 600 insurance specialists, Keenan continuously provides unparalleled service and customized solutions to our clients. Keenan is a full service broker, dedicated to providing superior insurance products and services. Our exceptional growth is directly related to our concentration on meeting the risk management, employee benefits, workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. and property & liability consulting and brokerage objectives of public entities, health care systems and high-tech firms. For more information, call 1.800.654.8102, or email info@keenan.com. Visit our web site at www.keenan.com. About Bio-Reference Laboratories, Inc. The Company is the largest independent regional clinical laboratory in the Northeast and has major market positions in physician offices, nursing homes and correctional institutions. The Company is a full service clinical laboratory with specialty capability, especially in the areas of genomics, oncology, correctional health, and complimentary medicine. PSIMedica, a business unit of the Company, is a clinical knowledge management (CKM) organization offering an array of information solutions for reducing healthcare costs and improving quality performance that are based on a flexible, scalable software analytical engine that utilizes all available source information, including claims data, enrollment data, prescription data and laboratory data. The Company provides a comprehensive connectivity solution to physicians, which includes disease management, laboratory reporting and ordering, as well as claims and eligibility processing through CareEvolve, its web-based healthcare portal. Statements included in this release that are not historical in nature, are intended to be, and are hereby identified as "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ". Statements looking forward in time are included in this release pursuant to the "safe harbor Safe Harbor 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. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to be materially different from any future performance suggested herein. www.bioreference.com |
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