Auxilio Wins $12.5 Million Print as a Service Contract with Prestigious University Medical Center
March 10 2017 - 12:17PM
Business Wire
Five-Year Agreement Includes Customized Program
for Strategically Managing High-Volume Print Environment
Auxilio, Inc. (NYSE MKT: AUXO), a leading provider of
complete document workflow solutions and IT security services for
the healthcare industry, today announced a five-year, approximately
$12.5 million contract with a 1,000-bed prestigious teaching
hospital located in the Central United States.
Under the terms of the contract, Auxilio will deliver a
next-generation Managed Print Service (MPS) program, otherwise
known as Print-as-a-Service (PRaaS), which provides a scalable and
customizable service that enables healthcare providers to
strategically manage their high-volume print environments by
driving operational efficiencies and addressing security
vulnerabilities. The service level agreement aims to improve
operational efficiency through leveraging Auxilio’s printer
break/fix, toner, support, device refresh and consolidation
services.
“Our goal is to drive out costs, saving up to 50% over five
years for the university medical center. Our priority is
streamlining the fragmented print environment and then introducing
workflow solutions to transform document processes to digital
workflows and implement a security strategy to protect PHI found on
devices, the network and printed documents,” said Sean Hughes, EVP
of Operations.
“This contract is the latest evidence of the growing demand for
our comprehensive, service-oriented programs that deliver deep
insights into the document life cycle to reduce print, improve
workflow efficiency and enhance security at healthcare
organizations,” said Joseph J. Flynn, CEO of Auxilio.
Auxilio’s PRaaS offering provides hospitals the ability to
choose the level of service needed. Its flexible PRaaS plans range
from toner management and break/fix to an innovative solution that
analyzes document workflow and security to optimize and manage the
document processes. With the recent acquisition of CynergisTek, an
industry leader in health information privacy, compliance and
cybersecurity consulting, Auxilio can now offer its healthcare
clients integrated document and device security solutions that
reduce risk and deliver long-term value.
About Auxilio, Inc.
Auxilio (www.auxilioinc.com) provides complete document workflow
solutions and IT security services to healthcare organizations
across the United States. Auxilio has helped its clients save more
than $80 million since 2004 by providing Print as a Service (PRaaS)
vendor neutral solutions which lower costs, improve operational
efficiency and enhance security. Auxilio’s intelligent workflow
automation suite delivers a customer driven approach transforming
printed documents to digital workflows, reducing waste and driving
additional savings opportunities. Auxilio serves a national
portfolio of nearly 220 hospital campuses and manages over 1.5
billion documents annually from over 90,000 devices supporting over
280,000 caregivers.
CynergisTek (www.CynergisTek.com) is a top-ranked cybersecurity
and privacy consulting firm. The company offers solutions to help
organizations measure privacy and security programs against
regulatory requirements and assists in developing risk management
best practices. Since 2004 the company has served as a partner to
hundreds in the healthcare industry and is dedicated to supporting
and educating the industry by contributing to relevant industry
associations. The company has been named in numerous research
reports as one of the top firms that provider organizations turn to
for privacy and security, and won the 2017 Best in KLAS award for
Cyber Security Advisory Services.
For more information about Auxilio, visit
http://www.auxilioinc.com.
Forward Looking Statements
This press release contains “forward-looking statements” as that
term is defined in the Private Securities Litigation Reform Act of
1995, regarding the enhancement of shareholder value the Company’s
strategy relating to uplisting to a national exchange, and the
Company’s future ability to increase liquidity and attract
institutional investors. Such forward-looking statements are based
on current expectations and involve inherent risks and
uncertainties, including factors that could delay, divert or change
any of them, and could cause actual outcomes and results to differ
materially from current expectations. No forward-looking statement
can be guaranteed. These forward-looking statements are made as of
the date of this press release, and the Company assumes no
obligation to update the forward-looking statements, or to update
the reasons why actual results could differ from those projected in
the forward-looking statements. Readers are urged to read the risk
factors set forth in the Company’s most recent annual report on
Form 10-K, subsequent quarterly reports filed on Form 10-Q, and
other filings made with the SEC. Copies of these reports are
available from the SEC’s website at www.sec.gov or
without charge from the Company.
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Media Contact:Aria MarketingDanielle JohnsAccount
Executive617-332-9999 x 241djohns@ariamarketing.comorInvestor
Relations Contact:MZ North AmericaMike
Cole949-259-4988Mike.cole@mzgroup.us
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