Dictaphone Announces Significant Growth in Its iChart(R) Managed Services Program; Responds to Increasing Demand for Low-cost, High-accuracy Transcription, Leveraging Speech Recognition and Dedicated Network of Service Partners.STRATFORD, Conn. -- Dictaphone announced today that its iChart(R) Managed Services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality program experienced substantial growth in the first half of 2005. iChart Managed Services uses an ASP asp, popular name for several species of viper, one of which, the European asp (Vipera aspis), is native to S Europe. It is also a name for the Egyptian cobra (Naja haja). model to combine the power of Dictaphone's industry-leading speech recognition technology with a proven network of outsourced transcription transcription /trans·crip·tion/ (-krip´shun) the synthesis of RNA using a DNA template catalyzed by RNA polymerase; the base sequences of the RNA and DNA are complementary. tran·scrip·tion n. service providers to deliver low-cost, high-accuracy transcription with rapid turn-around. The second quarter brought several milestones for the iChart ASP business: --Overall number of lines invoiced per month surpassed 30 million --Monthly invoiced line volume for outsourced services doubled from the end of 2004 --Number of billable sites for iChart topped 300 --Several significant new contracts were secured during the first half including Adventist Health System The Adventist Health System is the organisation responsible for overseeing matters related to Hospitals and other medical facilities, related to the Seventh-day Adventist Church within the United States. , Sarasota Memorial Hospital, and Guthrie Clinic. Other major iChart Managed Services customers include Allina Medical Clinics, Lifemark, 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 . "iChart Managed Services is seeing tremendous demand from a market that has been searching for new ways to lower transcription costs without compromising on accuracy," said Don Fallati, senior VP of marketing for Dictaphone. "The success of the program is also a testament to the power of our underlying technology. Whether customers choose to use our software themselves or outsource the report editing process to our network of service partners, they still get the 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). that our speech recognition platform ensures." About Dictaphone's iChart Managed Services Dictaphone's iChart Managed Services offering aims to meet the needs of organizations currently relying heavily on outsourced transcription but who are attracted to the savings that can be generated by speech recognition. The program blends Dictaphone technology with labor provided by several major transcription service companies who have been trained to edit on the company's speech recognition platform. Customers receive a line rate covering work that is transcribed traditionally as well as documents edited from speech recognition. Frequently, significant savings can be achieved by healthcare organizations over current line charges. About Dictaphone Healthcare Solutions Group Dictaphone, ranked 31st in Healthcare Informatics Same as information technology and information systems. The term is more widely used in Europe. ranking of top 100 companies by healthcare revenue, currently deploys dictation, transcription and speech recognition systems in some of the world's premier healthcare organizations. Its solutions automate To turn a set of manual steps into an operation that goes by itself. See automation. and integrate critical elements in the creation and management of health information, helping healthcare organizations improve productivity and the quality of patient care. Dictaphone's flagship Enterprise Express(R) dictation, transcription and report management system is an integral part of the creation and flow of patient information in a substantial number of U.S. hospitals. It is estimated that it currently supports several hundred thousand physicians who use Dictaphone systems to generate an estimated two million reports a day. Dictaphone is also actively deploying its EXSpeech(R) and PowerScribe(R) speech recognition solutions, designed to dramatically reduce transcription costs and speed report turnaround Turnaround A situation where a company that has had poor performance for an extended period of time experiences a positive reversal. Notes: A speculator may profit from a turnaround if he or she accurately anticipates the improvement of a poorly performing company. . Dictaphone has also introduced the iChart(R) family of Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the subscription-based applications services provider (ASP) solutions that offer dictation, transcription, and speech recognition access, as well as the ability to integrate existing systems with new coding, natural language and data mining technologies, which can significantly reduce the costs of managing patient information. For sales and product information, visit Dictaphone at www.dictaphone.com or call 1-888-350-4836. (C) 2005 Dictaphone Corporation. All rights reserved. |
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