Short-term focus:
EBLD looking nice heading in two next week.
MOKA only two weeks away from signing of Definitive Agreement on merger with DDRX (which would give MOKA a $3.25 value).
CRNC could have a monster week next week if the conference call reveals positive news. Doesn't have a real big float.
New Pick:
I believe the time is right to jump back in to IGHS. Was in early last year (I think I was one of the first posters on the SI thread for IGHS), didn't really do much while I was in so I got out, but I've kept it on my radar screen and now it's starting to blink. Volume has been picking up, the company wisely backed out of the GBIT deal (which would have been too dilutive to IGHS shareholders), and now IGHS is entering the internet arena. They just signed a $1,000,000+ contract with the state of Alabama for their first installation of an internet-based state-wide hospital risk and quality management system. This release almost seemed to go unnoticed on SI, but the stock did run up to $1.09 on the news before settling back again.
It would stand to reason that the company is currently negotiating with other states for additional installations. Here's the latest news release:
Integrated Healthcare Systems Embarks on New Internet Based State-Wide Hospital Risk and Quality Management System
RESTON, Va.--(BW HealthWire)--Feb. 11, 1999--8:00 am--Integrated Healthcare Systems, Inc. (OTC Bulletin Board: IGHS - news), a national developer of integrated quality improvement and risk management software systems for the healthcare industry, today announced it has been awarded a state-wide contract, projected to be in excess of $1 million, to automate the collection of hospital risk incidents and to then implement a centralized risk management and quality improvement
system for the member hospitals of the Alabama Hospital Association Trust (AHAT).
Integrated Healthcare Systems agreement with AHAT creates an Internet-based risk and quality management healthcare data
collection system for 85 statewide hospitals. Risk and quality data will be collected and encrypted, using IHS's new I-Link Enterprise interface engine, to a central management data warehouse server. This system will allow AHAT and its hospital members Internet access to timely risk event and quality improvement information.
This agreement between Integrated Healthcare Systems and AHAT produces the first statewide, Internet-based healthcare risk and quality data collection and management system of its kind.
Integrated Healthcare Systems president, Alan Grofe, said, ''With the help of the Alabama Hospital Association Trust, we are beginning to recast the way healthcare data is being collected and acted upon. We are transforming a statewide manual risk data submission process into a fully automated one extending on into full quality improvement. By providing AHAT members with Internet access to a state-wide, central source of risk and quality information, we are producing a significant improvement in the hospitals querying, tracking, reporting and improvement capabilities.''
Melvin L. Capell, senior vice president at Alabama Hospital Association Trust stated, ''It's not enough to just know about
healthcare quality problems. This system will give our members tools to improve healthcare quality and prevent risk events and quality related problems.''
The Alabama Hospital Association Trust is an insurance trust company providing liability insurance for hospitals and physician practices throughout the State of Alabama.
Integrated Healthcare Systems, Inc. designs, develops, markets and maintains integrated quality and risk management systems for the healthcare industry. The Company's systems are helping hospitals and hospital associations nationwide build focused risk reduction and quality improvement programs by identifying inconsistent elements and trends, and in turn, developing effective process improvement strategies. Integrated Healthcare Systems, Inc. is a publicly owned company traded on the OTC Bulletin Board under the symbol -- IGHS.
For more information visit Integrated Healthcare Systems web site at integratedhealthcare.com.
This announcement may contain, in addition, to historical information, certain forward-looking statements that involve risks and
uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could
differ materially from the assumptions currently anticipated.
Contact:
Integrated Healthcare Systems, Inc.
Vincent Bocchimuzzo, 914/699-2020
I'm looking at IGHS as a 3 to 4 week play. If they have some news releases on additional contracts, it could rock. If nothing comes out, then we're already in at a low level so the downside risk is somewhat limited.
Gator
Disclaimer: Though I have not received shares in IGHS, there's a chance that I may from an outside consultant to the company to help with the dissemination of information on the company. I'll let you know if I do. |
