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Biotech / Medical : AHTC Corp (AHTC)-formerly Advanced Health (ADVH)

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To: Tom D who wrote ()8/26/1998 2:45:00 PM
From: Zebra 365  Read Replies (1) of 371
 
William Beaumont Hospital, Fourth Largest Hospital System in The U.S., Signs Agreement With Advanced Health Technologies

TARRYTOWN, N.Y.--(BUSINESS WIRE)--August 19, 1998--

First Joint Venture

Hospital Laboratories' Member to Participate

Advanced Health Corporation (Nasdaq: ADVH), through its subsidiary Advanced Health Technologies (AHT), said today that William Beaumont Hospital is the first Joint Venture Hospital Laboratories (JVHL) member to participate in AHT's Preferred Vendor Program. The JVHL agreement was announced by AHT last week. William Beaumont is the fourth busiest hospital system in the nation and the largest in the state of Michigan for inpatient admissions. The 1,118 bed facility operates two hospitals in Royal Oak and Troy, Michigan, and possesses one of the nation's largest outreach networks with over 1,200 physicians. The hospital has licensed Advanced Health's software applications to expand its physician outreach program.

As part of the preferred vendor agreement with JVHL, Advanced Health's Web Browser Dr. Chart(tm) and Medicare Compliance(tm) software products have the potential to be licensed to eight more member hospital systems representing 26 additional hospitals. In becoming the first JVHL member hospital to sign up under this arrangement, William Beaumont Hospital will now have the capability to selectively transmit laboratory utilization data to the JVHL repository and meet its increasingly sophisticated needs for order entry automation and Medicare compliance.

Rob Alger, President of AHT commented, "We are extremely pleased to have William Beaumont Hospital as a client, one of the pre-eminent hospital systems in the nation with an extensive outreach program. We were selected after thorough due diligence, which included a site visit. We believe our Web-based Dr. Chart(tm) products will offer substantial benefits in enabling the hospital to implement an even more successful physician outreach program that will strengthen its presence the communities and areas it serves."

The Dr. Chart(tm) product links physicians with hospital-based clinical systems such as laboratory, radiology and pathology systems. The Web Browser Dr. Chart(tm) provides the benefits of a Web application within a secure Intranet. This technology, in conjunction with the Company's Clinical Data Exchange(tm) (CDX(tm)) integration product, enables a physician to view a patient's clinical results rapidly and accurately regardless of which lab or facility produces the report. Furthermore, this technology allows a physician to generate laboratory and diagnostic procedure orders from his or her office.

Advanced Health is a leading health care services company that vertically integrates outsourcing services with clinical information systems. Through its Advanced Health management subsidiary, the Company provides outsourcing services to independent and hospital-affiliated practices and networks. Through its Advanced Health Technologies subsidiary, the Company provides clinical information solutions to health care organizations. These information systems provide physicians and integrated delivery systems with patient-specific clinical and health plan information at the point of care to improve the quality and reduce the costs of health care.
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