Healthnostics, Inc. (Pink Sheets:HNST), a medical and bioscience analytics company, is bringing its hospital quality and management system, MedGuardian, to market in the 4th Quarter. Anticipated pricing will be 30% to 35% below the chief competitor's products.
Management believes that the clinical performance information system segment of the $15.6 billion Healthcare Information Technology Market (Frost and Sullivan, 2004) is relatively under-served, untapped but extremely large. Healthnostics' target markets within that segment are the 4,200 small to medium sized hospitals that constitute the majority of hospitals in the U.S. The Company intends to access this business through marketing efforts to state hospital associations, multi-hospital corporations, hospital liability insurance carriers and other hospital focused organizations. The Company will utilize direct sales efforts, on-line and print advertising, trade shows and direct mail.
MedGuardian was designed as a Rich Internet Application (RIA) patient care monitoring and risk management system for acute care hospitals. This new modular system provides hospitals with automated data collection, reporting, and analysis tools that improve clinical treatment and reduce medical errors and risk events.
MedGuardian provides hospitals with the following benefits:
-- Automation of the labor-intensive aspects of monitoring and improving patient healthcare: data collection, assessment, patient tracking and reporting; activities also necessary to meet regulatory requirements.
-- Full documentation of the quality baseline and improvements achieved by an organization (Continuous Quality Improvement - CQI).
-- Ability to track the entire quality improvement process from data analysis and problem identification through problem resolution (Total Quality Management - TQI).
-- Extensive and versatile reporting and analysis capabilities.
Healthnostics, Inc. was founded as a medical and bioscience analytics company to provide comprehensive patient clinical monitoring and risk management systems to acute care hospitals and to utilize its Internet portals to deliver medical and bioscience resource information to industry professionals and the general public. Healthnostics' major products currently include: MedGuardian, a patient care monitoring and risk management system for hospitals that is fully Web-based; PhysicianQuotient, a front office and back office Electronic Medical Records (EMR) system for clinics and hospitals; MedBioWorld(TM), one of the largest professional medical and bioscience directory resource and reference portal site on the Internet; and FamilyMedicalNet, a consumer healthcare information portal. For further information, please visit Healthnostics www.healthnostics.com, MedGuardian www.med-guardian.com, MedBioWorld www.medbioworld.com, and FamilyMedicalNet www.familymedicalnet.com.
This press release contains, in addition to historical information, certain forward-looking statements within the meaning of the Securities Act of 1933, as amended. These forward-looking statements refer to matters 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. Contacts:
SmallCapVoice.com Stuart T. Smith, 512-267-2430 Fax: 512-267-2530 SSmith*SmallCapVoice.com
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im a new member but have been looking at this one and am in at .021 do you think that was to high to get in at up 16 percent at that point?
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