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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: If only I'd held who wrote (35317)11/30/1999 1:08:00 PM
From: sean  Read Replies (1) of 108040
 
news is out today on LANV, check the wires under lanv

Tuesday November 30, 11:57 am Eastern Time
Company Press Release
SOURCE: LanVision Systems, Inc.
LanVision Announces The Health Alliance, Inc. Goes Live with Lanvision's Web-Based ASP Services
CINCINNATI, Ohio, Nov. 30 /PRNewswire/ -- LanVision Systems, Inc. (Nasdaq: LANVC - news) today announced that The University Hospital, one of five hospitals that comprise The Health Alliance of Greater Cincinnati (''Health Alliance''), has gone into production utilizing web-based services provided by LanVision's healthcare data center division, Virtual Healthware Services (''VHS'').

Virtual Healthware Services is an Application Services Provider that delivers high quality, web-based Electronic Medical Record (EMR) applications to healthcare providers from its Cincinnati-based data center. One of the first web-based services of its kind, VHS offers LanVision applications across an Intranet/Internet, enabling its healthcare customers to achieve enhanced patient care, improved record security and browser-based accessibility to medical records at significant cost savings.

The Health Alliance is an integrated healthcare delivery system in the Greater Cincinnati metropolitan area. It includes five hospitals: The University Hospital, The Christ Hospital, The Jewish Hospital, The St. Luke Hospitals and The Fort Hamilton Hospital and the physicians of Alliance Primary Care, a group practice of more than 150 primary care physicians. Together, the hospitals comprise 2,132 beds, 2,500 staff physicians, 82,000 inpatient visits and 737,000 outpatient visits annually. The focus of the agreement is The University Hospital, which is a 650-bed acute care facility with 929 physicians on staff, 21,300 inpatient visits and 370,700 outpatient visits annually.

The Health Alliance has entered into a four-year agreement with LanVision. As a result of the successful go-live, The University Hospital provides its physicians and clinicians instant access to medical records using WebView(TM), LanVision's web-based EMR. Access to the EMR is provided from LanVision's VHS Data Center on a fee per transaction basis. VHS, utilizing secure fault resilient intranet-based technology and LanVision's application software, minimizes up-front capital requirements and delivers a faster return on investment, while alleviating the hospital's Information Technology (''IT'') staff from the burden of managing the related data center systems.

Brian Patsy, President and Chief Executive Officer of LanVision, commented, ''We are extremely pleased that VHS enables The University Hospital to attain its objective of helping physicians gain quick, easy, browser-based access to important patient information, which is crucial to enhancing the quality of patient care. Furthermore, the remote computing concept employed by VHS allows The University Hospital to achieve lower overall total cost of ownership without the up-front investment that is characteristic of most purchased systems.''

Mr. Patsy continued, ''This is a significant step forward in EMR technology for The University Hospital in that it allows them to upgrade from a Windows-based application to an application that runs from a web browser. The move will broaden the appeal of physicians using the EMR by allowing them secure, convenient access from many more locations. WebView allows rapid deployment of EMR software on workstations throughout an organization without the substantial labor and capital costs normally associated with older client/server systems.''

Bill Finney, Chief Information Officer of the Health Alliance, commented, ''The University Hospital has been a pioneer in EMR technology, partnering with LanVision over the past eight years to successfully provide automated, electronic access to our patient records. Document imaging continues to remain a significant component of our overall strategy to implement the computer-based patient record. Delivering document imaging technology and services through VHS enables us to take advantage of the newest web-based software available from LanVision, while reducing our overall cost to deliver and maintain the technology. Using web browsers and the Intranet/Internet, VHS supports our strategic goal to provide access to needed healthcare information to all clinicians, regardless of where care is rendered or access to information is needed.''

Dr. Michael Sayre, of The University Hospital's Emergency Medicine department, said ''WebView is a great product. I'm very impressed with its features and functionality. I particularly like the fact that WebView is easy to use and offers fast access to patient records. WebView also allows the Emergency Department staff to quickly review a patient's past history and use that information to improve the patient's hospital care.''

Eric Lombardo, Executive Vice President, VHS Services, stated, ''The University Hospital has successfully used our ChartVision® application since 1991 to provide their EMR needs. The new agreement upgrades The University Hospital to our WebView product while outsourcing their back-end IT operation and administration of their EMR to our VHS Services Division. With VHS, The University Hospital accomplishes two critical IT goals: a reduction in Information System support requirements, allowing them to focus on other projects such as Year 2000 compliance, and the reduction of ongoing maintenance and support costs through VHS' outsourcing operations.''

LanVision is a leading supplier of Healthcare Information Access Systems and an Application Services Provider specializing in connectivity solutions that utilize the power of the Internet/Intranet to link hospitals, physicians, patients and payers to a robust Electronic Medical Record. LanVision's solutions enable the coordination of both ''structured'' and ''unstructured'' patient data through a single health information repository. The Company's products are complementary to existing clinical and financial systems, and use document imaging and workflow tools to ensure end users can electronically access all the various forms of health information including clinician's handwritten notes, photographs, and insurance cards. LanVision's solutions offer value to all of the constituents in the healthcare delivery process by enabling them to simultaneously access information from virtually any location, including the physician's desktop and ultimately a patient's home using web browser technology. Web access to the entire medical record improves physician productivity and reduces administrative costs such as filing, storage, retrieval and upkeep of medical records and clinical costs, such as redundant diagnostic testing.

LanVision has installed its ChartVision Healthcare Information Access System at an impressive list of leading healthcare providers including The University Hospital (a member of The Health Alliance of Greater Cincinnati), UCSF Stanford Healthcare, University of Pittsburgh Medical Center, Albert Einstein and Beth Israel Medical Centers, the Medical College of Georgia and Medical University of South Carolina, and Memorial Sloan-Kettering Cancer Center.

LanVision's web-enabling tool, WebView, uses a familiar Internet browser ''look and feel'' and combines the platform-independent technologies, open standards and ''network-centric'' architecture of the intranet/internet with the Company's robust EMR application suites. As an intuitive, flexible, cost-effective, and scaleable product, WebView provides organizations with a ''technology bridge'' connecting the Company's application suites with innovative Internet/Intranet technologies.

Virtual Healthware Services is an Application Services Provider that helps hospitals and integrated delivery networks overcome the barriers of high capital and start up costs as well as the technological burdens of implementing a document imaging and workflow system. VHS delivers document imaging and workflow capabilities from a centralized data center via low cost, secure, intranet/internet technology to improve health information access across the enterprise. Unlike other companies whose systems require large investments in computer hardware, software and information technology resources and long implementation cycles, VHS systems quickly deliver all the benefits of healthcare document imaging and workflow with minimal start-up cost, time and risk. As a result, healthcare organizations are now able to achieve better patient care, improved record security and availability, and significant cost savings in a much shorter period of time.

''Safe Harbor'' statement under the Private Securities Litigation Reform Act of 1995: Statements made by LanVision that are not historical facts are forward looking statements that are subject to risks and uncertainties. LanVision's future financial performance could differ materially from expectations of management and from results reported now or in the past. Factors that could cause LanVision's financial performance to so differ include, but are not limited to, the impact of competitive products and pricing, product development, reliance on strategic alliances, availability of products procured from third party vendors, the healthcare regulatory environment, fluctuations in operating results, and other risks detailed from time to time in LanVision's filings with the U.S. Securities and Exchange commission.

SOURCE: LanVision Systems, Inc.

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