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Technology Stocks : Fonix:Voice Recognition Product (FONX)

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To: pgl52 who wrote (2109)11/23/1998 4:45:00 PM
From: cdtejuan  Read Replies (1) of 3347
 
FYI:
Monday November 23, 1:33 PM (EST)

fonix Announces New Sales of PowerScribe Radiology
Dictation/Transcription Systems

BOSTON (Nov. 23) BUSINESS WIRE -Nov. 23, 1998-- Award-Winning PowerScribe
Radiology Speech Recognition System Reduces

Costs, Saves Time, Improves Efficiency

fonix corporation (NASDAQ:FONX), the innovation leader in human computer
interaction technology, today announced significant new orders for the
PowerScribe Radiology dictation/transcription system. fonix is pleased to
welcome the following accomplished medical facilities to our expanding and
diversified customer base: Mercy Hospital and Fallon Medical Center in
Massachusetts; Henry Ford Medical Center, Michigan; St. Louis University,
Missouri; SUNY Stonybrook, Jamaica Hospital and Parkway Hospital in New
York; Charlotte Hungerford Hospital, Connecticut; and Mary Washington
Hospital in Virginia. These facilities join a rapidly growing list of
leading healthcare organizations standardizing on PowerScribe for their
radiology dictation and transcription needs.

"It is estimated that $6.6 billion will be spent on medical
dictation/transcription services this year and we're pleased fonix'
PowerScribe Radiology is rapidly being integrated into the cost savings
model of healthcare organizations around the country," said Chairman Stephen
M. Studdert. "fonix is pleased with our acceptance into this exciting and
lucrative market."

PowerScribe products including, Radiology and Emergency Medicine, rapidly
captures, transcribes and manages dictated clinical information across a
hospital's network. By combining advanced continuous speech recognition
technology with state-of-the-art digital dictation capabilities, PowerScribe
provides healthcare organizations with cost savings, faster report
turnaround time and other benefits without sacrificing physician acceptance
or transcription accuracy. With PowerScribe, users can dictate their reports
directly into text, edit, approve and sign them all within a matter of
minutes. Once their reports are dictated, physicians can have them
automatically transmitted to various hospital and/or departmental
information systems via industry standard protocols.

"These healthcare organizations have selected the PowerScribe solution for
all of their radiology dictation and transcription needs because they
recognize the importance of fast, reliable and accurate speech recognition
systems as a key to decreasing operating costs and improving their level of
service," said Peter Durlach, executive vice president of the fonix
healthcare solutions division. "Furthermore, our PowerScribe systems'
ability to automatically transmit dictated reports to various radiology and
hospital information systems was crucial to providing a complete solution
for their information needs."
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