Hi Gang!
Back from vavcation, saw this and thought it was interesting.
"
Medsite and Speech Machines Align to Offer
Internet-Based Medical Transcription Services
Business Wire - April 11, 2000 11:04
DALLAS (BUSINESS WIRE) April 11, 2000
Medsite Transcription Provides Physicians and Medical
Professionals with Secure Web-Enabled Solutions to Reduce
Transcription Costs and Turnaround Time
Medsite, the physician's home on the Internet, and Speech Machines, the leading speech-to-data
Application Service Provider (ASP), today announced at Intel Corporation's Internet Health Pavilion
at the Healthcare Information and Management Systems Society (HIMSS) Annual Conference an
alliance in whichMedsite will utilize Speech Machines' DictationNet(TM) technology to offer
Internet-based medical transcription services.
Medsite intends to provide physicians with Medsite Transcription, a transcription service that utilizes
encryption to ensure patient privacy. The Medsite Transcription service is designed to meet all
regulatory requirements, including HIPAA (The
Health Information Portability and Accountability Act) compliance.
Medsite Transcription is designed to allow physicians and healthcare providers to register for the
service at www.medsite.com and, after receiving a personal code, to dictate medical records using a
toll-free number. Using Speech Machines' DictationNet (www.dictationnet.com) technology, the
voice dictation will be encrypted for security and sent over the Internet for ranscription by
contractors selected and managed by Medsite. Transcribed documents will be returned by the
physician's method of choice, including secure e-mail or fax, within 24 hours.
"Medsite recognizes the need physicians have for accurate medical transcription services, and the
importance of timeliness, security, reliability and cost-savings for that service," said Sundeep Bhan,
founder and CEO of Medsite. "Through our alliance with Speech Machines, Medsite intends to offer
doctors and other medical professionals with a web-enabled ranscription olution to meet these
needs."
"Speech Machines is uniquely positioned to embed Internet-based transcription capabilities into the
service offerings of leading e-Health vendors," said Michael von Grey, president and CEO of
Speech Machines. "Following Medsite's successful launch of other services into the physician office,
we are delighted to add this new transcription service, enabled by our powerful DictationNet
architecture, to Medsite's offerings."
"Intel is pleased that our market development efforts can bring companies like Speech Machines and
Medsite together to reate new services that help get physicians online," said Deb Cablao, Director of
Industry Marketing for Intel's Internet Health Division. "By facilitating new relationships between
innovative e-Health companies, Intel is playing a key role in building new capabilities for the
healthcare marketplace."
About Medsite
Headquartered in New York City, Medsite.com, Inc. is the physician's home on the Internet. The
company, which operates Medsite.com (www.medsite.com), is a medical business-to-business
commerce site serving the needs of practicing physicians. Using a front-end transaction-based
business model, Medsite has focused its web-based offerings into three critical areas: medical
commerce, communications and information. (more)
Medsite offers physicians and other healthcare professionals an extensive selection of medical
supplies, books, software and journals, electronic physician credentialing, the latest medical news, a
scheduling tool for the medical community, a customizable finance channel, continuing medical
education and numerous other services geared towards "making a physician's practice click."
About Speech Machines
Speech Machines has pioneered the deployment of speech-to-data conversion using an Application
Service Provider (ASP) business model. The company's mission is to bring increased value and
efficiency to its market by improving the productivity of human labor through the deployment of
Internet and speech recognition technologies. Speech Machines is privately held, with US and
international offices in Atlanta, GA, Redwood City, CA and Malvern, England. Investors include
CMGI @Ventures and Intel. For more information about Speech Machines, or to learn more about
DictationNet, visit the company web sites at:
speechmachines.com or dictationnet.com
This release is available on the KCSA Public Relations Worldwide website at www.kcsa.com
Statements in this press release that relate to future plans, objectives, expectations, performance,
events and the like are "forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Future events, risks and
uncertainties, individually or in the aggregate, could cause actual results to differ materially from those
expressed or implied in these statements. Those factors include the parties' abilities to develop,
implement, integrate, and launch the services
and offerings described herein, and other factors discussed in the "forward-looking information" or
"risk factors" sections included in the companies' filings with the Securities and Exchange
Commission.
CONTACT: KCSA Worldwide
Jessica Gates, 212/896-1229
jgates@kcsa.com
or
Speech Machines
Lauri Julian, 949/675-4029
mc_lj@earthlink.net |
