GE Medical Systems and INPHACT Form Strategic Alliance; Five-Year Joint Marketing Pact Could Generate $100 Million In Revenues.NASHVILLE, Tenn.--(BW HealthWire)--Dec. 1, 1997--General Electric Medical Systems, the world's leading manufacturer of diagnostic imaging equipment, and INPHACT, a Nashville-based provider of on-line radiology services for radiologists and health care facilities, have forged a five-year "Strategic Alliance." The national agreement designates GE as an INPHACT preferred vendor and establishes joint marketing efforts that could generate more than $100 million in GE equipment and INPHACT service revenues during the contract period. INPHACT, which currently serves radiologists and health care facilities in seven states, will receive preferred purchase and service options on GE equipment for new client installations or upgrades for its existing clients. GE will help to jointly market INPHACT's 24/7 on-call image interpretation service, digital image transmission & archiving and physicians' practice management services to its current and new physician and facility clients, and INPHACT will help to jointly market GE's Integrated Imaging Services ("IIS (Internet Information Services) Microsoft's Web server. IIS runs under the server versions of Windows, adding HTTP server capability to the Windows operating system. ") for networking (PACS (Picture ArChiving System) A storage and management system for high-resolution images. Typically pertaining to the medical field, images such as X-rays, MRIs and CAT scans require a greater amount of storage than other industries. ) products and services. "INPHACT has developed leading-edge services that can help radiologists and health care facilities deliver radiology services more efficiently and cost effectively," said Tony Lombardo Tony Lombardo was the bassist with the pioneering pop-punk band Descendents for 6 years. Lombardo was part of the original Descendents lineup in 1979 with guitarist Frank Navetta and drummer Bill Stevenson. , General Manager of Sales for GE IIS. "INPHACT has made our integrated imaging solutions (IIS) products and services an important element in its service platform, which results in reduction of duplicate studies, elimination of lost files, decreased maintenance costs and faster diagnoses for its clients." "GE has already played an integral part in helping INPHACT develop our state-of-the-art on-line radiology services," said Jeffrey A. Landman, M.D., chairman and chief executive officer of INPHACT. "GE's ongoing commitment to INPHACT and our clients assures that we will continue to be at the forefront of helping radiologists and health care facilities provide more in-depth service while reducing their costs." Founded in 1996, INPHACT (www.inphact.com) is a privately-held provider of on-line radiology and practice management services that currently serves radiologists and health care facilities in seven states. Earlier this year, the company introduced the Virtual Partner program, which offers a unique blend of 24/7 on-call image interpretation, practice management and equity partnership to radiologists. INPHACT also offers health care facilities 24-hour consulting, system design, digital image transmission and archival services. GE Medical Systems (GEMS), a business of General Electric Company, develops and produces diagnostic imaging equipment in several modalities Modalities The factors and circumstances that cause a patient's symptoms to improve or worsen, including weather, time of day, effects of food, and similar factors. , including X-ray, Mammography mammography, diagnostic procedure that uses low-dose X rays to detect abnormalities in the breasts. The early diagnosis of breast cancer made possible by the routine use of mammography for screening women increases a woman's treatment alternatives and improves her , Magnetic Resonance magnetic resonance, in physics and chemistry, phenomenon produced by simultaneously applying a steady magnetic field and electromagnetic radiation (usually radio waves) to a sample of atoms and then adjusting the frequency of the radiation and the strength of the , Computed Tomography Computed tomography (CT scan) X rays are aimed at slices of the body (by rotating equipment) and results are assembled with a computer to give a three-dimensional picture of a structure. , Ultrasound, Nuclear Medicine Imaging nuclear medicine imaging, n the diagnostic imaging field that evaluates organ function by injecting isotopes into a structure and documenting the amount of radiation emanating from the tissues. and PET. GEMS also provides a variety of services--from networking to biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. equipment maintenance. GE Medical Systems has annual sales of approximately $4 billion and employs more than 15,000 people worldwide. CONTACT: Katcher Vaughn & Bailey Communications Roy Vaughn, Lisa Achilles, 615/248-8202 |
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