Company attributes success to enterprise focus, adherence to standards and distribution of advanced visualization tools
BIRMINGHAM, AL – (May 19, 2004) – Emageon, a leading provider of intelligent visual medical systems, announced today that its current contracts have now generated a contracted backlog in excess of $100 million. In addition to achieving this backlog, Emageon also recorded a compound annual growth rate in revenue of 201% from 2001-2003. The company explained that the contracted backlog is the aggregate value of the minimum future revenue from all executed contracts.
Emageon has been especially successful in partnering with large integrated delivery networks (IDNs), including Kaiser Permanente, Sisters of Mercy, Sutter Health, Allina Hospitals and Clinics, Aurora Health Care, LibertyHealth, Virtua Health, Baptist Health System, Barnes Jewish Christian Health Care, Catholic Healthcare West, ThedaCare and St. Thomas Health Services. To date, over 70 acute care hospitals and imaging facilities have successfully implemented Emageon’s products. The company expects to complete approximately 30 additional hospital implementations in 2004. Emageon now has a total committed customer base of over 250 sites, constituting half of all hospitals listed in Hospitals and Health Network’s 2003 Most Wired™ list.
“In less than five years, our company has established relationships with over 250 hospitals, which perform approximately 20 million annual radiological procedures,” said Chuck Jett, Emageon’s chairman and CEO. “Our belief is that our standards-based approach has created a scalable platform that works equally well for a broad range of facilities, from regionally-based community hospitals to large, sophisticated IDNs that span multiple states. This is a remarkable platform for future growth. Our merger with UltraVisual Medical Systems last summer added synergy and strength to our growth platform. The market was eager for a competitively priced visualization solution that extends functionality throughout the healthcare enterprise. As a result, our Ultravisual® advanced visualization tools have been a significant growth engine over the past year. We will continue to introduce our installed base to innovative, market-cleared visualization and analysis tools for specialties such as Radiology, Cardiology, Neurology, Orthopedics and Pathology that have been reviewed for safety, efficacy and intended use.”
Salina Regional Health Center, an acute care facility in Salina, Kansas, recognized the value of distributing multi-specialty medical content, as well as advanced visualization tools to its physicians.
“Salina was primarily interested in providing clinical content, including images and reports, to all physicians, anywhere and anytime – not just a SAN, but a clinical content manager,” said Morris H. Seligman, MD, MBA, CPA, Salina Regional Health Center’s senior vice president, COO and CMO. “We realized that our solution needed to be one with a full enterprise reach, not just one for the Radiology department. What impressed us first and foremost was Emageon's advanced visualization capabilities, as well as its portability and enterprise integration. In addition, Emageon's Enterprise Platform and network distribution experience will enable Salina to meet its goal of providing service to regional facilities.”
Genesys Health System, based in Grand Blanc, Michigan, reflected on its long-term relationship with Emageon.
“In 2001 we signed a contract with Emageon because they were good people with a great idea about building an enterprise image repository,” said David G. Holland, vice president & chief information officer of Genesys Health System. “What they promised, from applications to functionality to services, they delivered. Then they brought in UltraVisual and became a complete package. Once again they delivered. This year they've made a tremendous improvement in visualization tools which will lead to improved clinical results, complementing our strategy for an integrated electronic health record. Quite simply they've proven to me a pattern: they say what they're going to do, then do what they say. That's the kind of partner we like.”
The merger of infrastructure leader Emageon and visualization technology leader UltraVisual Medical Systems led to the creation of the Intelligent Visual Medical System™. This suite of products and services allows physicians and healthcare professionals to manage, access and visualize multi-specialty medical content across the enterprise using advanced visualization tools, clinical content management and clinical workflow through a dynamic user interface. Delivered through Emageon’s Enterprise Platform, IDNs, hospitals and imaging facilities are able to deploy a functionally rich, standards-based technology that lowers total cost of ownership. In addition, Emageon’s customer success programs ensure rapid implementation and enterprise adoption. This combination of software and services enables quicker care response, enhances patient care, improves productivity and reduces costs.
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