Dictaphone and MedAptus Partner to Expand Mobile Dictation and Coding Solutions.Business/Health Editors STRATFORD, Conn. & BOSTON--(BW HealthWire)--Sept. 19, 2001 Marketing and Technology Agreement to Create Integrated Handheld Software Solution--Combining Point of Care Charge Capture With Dictation And Report Management Capabilities Dictaphone(R) Corporation and MedAptus, Inc. jointly announced today that they have signed an agreement that allows Dictaphone to market the MedAptus(TM) Charges in Hand(TM) mobile coding software. The two companies will develop an integrated solution on a Pocket PC handheld device that combines Dictaphone's dictation technology with the MedAptus physician charge capture technology. Dictaphone will promote and support the offering through its national sales and service organizations. Physicians use the Charges in Hand mobile coding software to more easily identify procedures performed, using an intuitive pen-based graphical user interface graphical user interface (GUI) Computer display format that allows the user to select commands, call up files, start programs, and do other routine tasks by using a mouse to point to pictorial symbols (icons) or lists of menu choices on the screen as opposed to having to on a hand-held Pocket PC application, that offers easy and rapid access to thousands of ICD-9-CM ICD-9-CM International Classification of Disease, 9th edition, Clinical Modification A standardized classification of disease, injuries, and causes of death, by etiology and anatomic localization and codified into a 6-digit number, which allows diagnosis and CPT-4 procedure codes. Physician-indicated charges are automatically reviewed against national and state billing guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. using sophisticated rule-sets to assure confident, accurate and standardized standardized pertaining to data that have been submitted to standardization procedures. standardized morbidity rate see morbidity rate. standardized mortality rate see mortality rate. physician coding at the point of care. Coded information is transmitted wirelessly to a central server location where it is immediately available, for review and billing, via secure Internet/Intranet access. This process promotes more complete and accurate coding of procedure and diagnostic codes and greater billing efficiency through the elimination of paper-based processes. Physicians will also be able to dictate TO DICTATE. To pronounce word for word what is destined to be at the same time written by another. Merlin Rep. mot Suggestion, p. 5 00; Toull. Dr. Civ. Fr. liv. 3, t. 2, c. 5, n. 410. , edit, and sign reports on the same device used for charge capture, and voice files will be routed to Dictaphone's industry-leading Enterprise Express(R) system for seamless report generation and management. "We believe the combination of two high -value applications such as dictation and charge capture will further drive acceptance and use of handheld devices by physicians," said Robert G. Schwager, 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 Dictaphone. "MedAptus offers the `best-in-class' technology for mobile coding and is an ideal partner for us." Both companies are targeting the growing market for various electronic clinical applications on PDAs and other mobile devices, a market expected to reach $5.5 billion by 2004, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. W.R. Hambrecht & Co. Dennis Mitchell Dennis Allen Mitchell (born February 20, 1966) is a former American athlete, winner of gold medal in 4x100 m relay at the 1992 Summer Olympics. Born in Havelock, North Carolina, Mitchell placed fourth in 100 m at the 1988 Summer Olympics and missed a probable gold medal in , president and CEO of MedAptus, added, "We are pleased to be entering this alliance with Dictaphone, whose brand name, extensive distribution and service network, and advanced technology resources should help us grow the charge capture market and establish leadership in point of care solutions for physicians." This alliance follows MedAptus' recent announcement of a pilot agreement and development partnership with the Lahey Clinic The Lahey Clinic is a not-for-profit teaching hospital in Burlington, Massachusetts. It was founded in 1923 by Dr. Frank H. Lahey. History When Dr. Frank Howard Lahey founded a group practice in 1923, his plan was to create a clinic where many specialties would coexist in Massachusetts. The partnership also comes as Dictaphone prepares to continue growing its healthcare division as the corporation separates legally from parent Lernout & Hauspie, having just reached an agreement in principle with creditors for an independence plan. About Dictaphone Healthcare Solutions Group Dictaphone Corporation's Healthcare Solutions Group (HSG HSG High School Graduate HSG Housing HSG Hysterosalpingogram HSG Hysterosalpingography HSG Hochschule St. Gallen (Switzerland) HSG Huntington Study Group HSG High Sierra Group HSG Hotspot Gateway (802. ) has a strong base of dictation, transcription, and report management system solutions currently being deployed in some of the world's premier healthcare organizations. Its full range of solutions automates and integrates several critical reporting and processing elements in the creation and management of health information, helping healthcare organizations and clinicians improve productivity and the quality of patient care. Its flagship Enterprise Express(R) dictation, transcription, and report management system is an integral part of the creation and flow of patient information in over half of all U.S. hospitals, currently supporting several hundred-thousand physicians who use Dictaphone systems to generate an estimated one million reports and 100,000 hours of dictation a day. The company is also actively deploying its EXSpeech(TM) speech recognition solution, expected to have a dramatic effect on reducing transcription costs and speeding 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's HSG has also introduced the ichart(TM) family of Internet subscription-based solutions that integrate existing products and technologies with new coding, natural language and data mining technologies, significantly reducing the costs of managing patient information. For sales and product information visit Dictaphone at www.dictaphone.com or call 888-350-4836. About MedAptus MedAptus, Inc. is a healthcare information technology company providing point-of-care solutions for physicians. MedAptus' first application, Charges in Hand, allows physicians to document professional charges at the point-of-care. The use of Charges in Hand increases efficiency, reduces the lag time between professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. and claim submission and improves compliance with billing regulations. Additional clinical solutions are under development to complement charge capture and create a unified mobile offering. MedAptus can be reached via www.medaptus.com. The foregoing projections are "forward-looking" statements within the meaning of the Federal Securities Laws. Because such statements include risks and uncertainties, actual results may differ from the estimates provided. The company undertakes no duty to update such 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. . Factors that could cause actual results to differ from these forward looking statements include, but are not limited to, those disclosed previously and from time to time in the company's Annual Report Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and other public filings. In addition, readers are cautioned that forward looking statements include known and unknown risks, such as the uncertainties associated with the Company's recent Chapter 11 filings 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. and the risk that newly introduced products may contain undetected errors or defects or otherwise not perform as anticipated. |
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