Omtool Leverages Acquired BlueChip Technologies Software and
Expands AccuRoute(R) Product Line to Deliver Comprehensive Healthcare
Document Lifecycle Solutions
NEW ORLEANS--(BUSINESS WIRE)--Feb. 26, 2007--Omtool,(TM) Ltd.
(Nasdaq: OMTL), a leading provider of document handling solutions and
services, today unveiled the Omtool Healthcare Suite, a comprehensive
set of products designed specifically for healthcare providers to
streamline the medical document lifecycle, improve the patient
experience and patient safety, and accelerate reimbursement processes.
The company will demonstrate the Omtool Healthcare Suite this week, at
HIMSS in booth No. 1955.
From patient access through discharge, healthcare facilities face
a daunting array of complex forms, documents, and verification data -
all carefully governed by clinical practices, strict patient
confidentiality requirements, regulatory constraints, and
reimbursement requirements. As a result, providers spend millions of
dollars each year just to produce and process documents and forms.
Further, the adoption of electronic medical records is driving the
industry to higher levels of electronic automation.
Omtool's Healthcare Suite responds to these dynamics with
integrated technologies that help eliminate a significant portion of a
facility's forms inventory and improve productivity through electronic
form delivery. Hundreds of healthcare facilities have already adopted
technologies from Omtool's Healthcare Suite. These products include:
-- ADT eForms(TM) production system provides hospitals with
on-demand ADT (Admissions, Discharge, and Transfer) electronic
forms for registration and patient identification such as ID
bracelets and patient identification labels.
-- eForms Station(TM) electronic forms library gives immediate
access to hospitals' custom library of electronic and
printable forms.
-- Image-In(TM) Point of Service context-sensitive image capture
system scans images of clinical and non-clinical documents
such as insurance cards, driver's licenses, referral forms,
triage forms, etc. from scanners, cameras, signature pads, fax
files and previews them prior to archiving.
-- Image-In Business document capture and archive system converts
paper-based business documents to electronic records.
-- Image-In Clinical back-office scanning completes the capture
of the entire patient medical records file after discharge.
-- Image-In Queue document processing enables administrators to
manage, view, and disseminate electronic documents to the
proper departments and/or patient files.
-- AccuRoute provides a document handling platform that supports
distributed document capture for scanning, routing, and
archiving medical information throughout the patient encounter
cycle and provides document distribution into the document
workflow products found in Omtool's Healthcare Suite.
-- ObjectArchive(TM) electronic archive provides the foundation
to securely store information designed, developed and captured
through any of the Omtool Healthcare Suite products.
"The adoption of Omtool technologies by facilities such as Sierra
Nevada Memorial Hospital can produce significant cost savings," said
Mark Freitas, business office and IT director of Sierra Nevada
Memorial Hospital. "But more importantly, they improve the patient
experience and safety from the minute they walk through the door. We
saved more than $150,000 in the first year we implemented these
technologies and Omtool was able to decrease our gross days revenue
outstanding in accounts receivable to an average of 50 days."
Traditionally, Omtool has been a significant technology provider
to the healthcare market with its enterprise fax and document handling
solution. The company also has established several strategic
partnerships with companies that offer complementary technologies,
services and expertise to the healthcare market.
"Omtool's expanded focus in the healthcare market will help
healthcare providers efficiently manage hardcopy and electronic
information," said Roger Ellefson, manager of solutions marketing,
Xerox Corporation. "By combining Omtool's offerings with Xerox
multifunction systems, hospitals and healthcare systems will be able
to streamline the work in this document-intensive industry."
About Omtool, Ltd.
Omtool, Ltd is a leading provider of document handling solutions
that simplify the integration of paper and electronic documents in
enterprise information management systems. Our flagship product
family, AccuRoute, streamlines the capture, conversion, communication,
and archive of paper and electronic documents, enabling fast, secure,
simultaneous distribution to multiple destinations in multiple
formats. AccuRoute products deliver faster, more efficient workflows,
while reducing cost, complexity and risk. Omtool solutions are used
worldwide by businesses in document-intensive industries that demand
secure handling, integration and tracking of documents in full
compliance with a range of regulatory requirements. Based in Andover,
Massachusetts with offices in the United Kingdom, Omtool can be
contacted at 1-800-886-7845 or www.omtool.com.
This press release may contain forward-looking statements,
including statements regarding Omtool's future financial and operating
performance; customer interest in and acceptance of Omtool's products;
long-term sales strategy; distribution channels; and the future plans
of Omtool's management. These forward-looking statements are neither
promises nor guarantees, and are subject to risk and uncertainties
that could cause actual results to differ materially from the
expectations set forth in these forward-looking statements, including
but not limited to, risks associated with Omtool's business, including
introduction of new product offerings, concentration of all products
in the electronic document exchange market, focus on specific vertical
markets; Omtool's strategic focus on new vertical markets; and those
other risk factors described in Omtool's periodic reports and
registration statements as filed with the Securities and Exchange
Commission. Reported results should not be considered an indication of
future performance. Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the date
hereof. Omtool undertakes no responsibility to update any such
forward-looking statements.
CONTACT: Omtool, Ltd.
Karen Cummings, 978-327-5707
kcummings@omtool.com
or
Blanc & Otus PR
Brandon Keough, 617-451-6070 ext. 217
bkeough@blancandotus.com
SOURCE: Omtool, Ltd.
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