FRANKLIN, Tenn., May 10, 2011 /PRNewswire/ -- MedQuist Holdings
Inc. (NASDAQ: MEDH), a leading provider of medical transcription
services and technology-enabled clinical documentation workflow
solutions, today announced that it has been awarded a contract by
St. Joseph's Hospital Health
Center in Syracuse, New York, to
provide, among other things, clinical documentation outsourcing
services projected to achieve significant cost savings and improve
efficiency and quality.
Following their initiative to offer more in-depth, around the
clock patient care, St. Joseph's
providers were working longer hours and experiencing an increase of
patient discharges on weekends. The resulting increase in
patient volumes prevented the HIM department from meeting the
document turnaround times required by the new program. Having
a third party specialist with the capacity to meet high standards
for turnaround time and document quality manage their clinical
documentation process was the clear solution.
Requirements critical to the selection process included industry
expertise, transparency, and seamless employee transitions.
"MedQuist is my choice because they deliver peace of mind," said
Sharon Goettel, director of Health
Information Management for St.
Joseph's. "Their predictable path to speech recognition and
transcription savings equals $300,000
annually, and a 24% decrease in spending on clinical documentation
for our 431-bed facility. Plus, my trusted employees gain the
benefits of joining the MedQuist family, and we can count on
complete and accurate reports to be delivered seven days a week, 24
hours a day. Having MedQuist's unmatched level of knowledge,
experience and resources in our corner is invaluable."
Physician and patient satisfaction was an essential requirement
for St. Joseph's, according to
Chief Medical Officer, Dr. Sandra
Sulik. "Our Medical Staff has the technology today to
monitor their patient's progress from anywhere, anytime.
MedQuist is able to provide us with the expected turnaround
time for these vital reports, 24/7, so that we can more efficiently
take care of our patients," she said.
"MedQuist is pleased and proud to stand out as the vendor of
choice for our commitment to our customers and our industry
leadership. Our technology-enabled clinical documentation
services will accelerate their revenue cycle while decreasing
turnaround time and helping them meet their patient care goals. We
know that this is the kind of value that will lead to a long-term
and successful partnership with St.
Joseph's," remarks Peter
Masanotti, President and CEO, MedQuist.
About MedQuist
MedQuist is a leading provider of medical transcription
services, and a leader in technology-enabled clinical documentation
workflow. MedQuist's enterprise solutions – including mobile voice
capture devices, speech recognition, Web-based workflow platforms,
and global network of medical editors – help healthcare facilities
improve patient care, increase physician satisfaction, and lower
operational costs. For more information, please visit
www.medquist.com.
About St. Joseph's
St. Joseph's Hospital Health Center is a non-profit, 431-bed
hospital and health care network providing services to patients
from Onondaga and 15 surrounding
counties. Through prevention programs and the latest diagnostic
treatment procedures, St. Joseph's
Hospital Health Center works with patients to achieve optimum
long-term health. A 10-time winner of the National Research
Corporation Consumer Choice award, St.
Joseph's is designated a Magnet Hospital for Nursing
Excellence by the American Nurses Credentialing Center, the highest
honor bestowed on a hospital for nursing care. Affiliated with
Franciscan Companies, St. Joseph's
is sponsored by the Sisters of St. Francis. For more information on
St. Joseph's programs and
services, call the Resource Line at 315-703-2138 or
1-888-STJOES1.
"Safe Harbor" Statement under the U.S. Private Securities
Litigation Reform Act of 1995: Statements in this press release
regarding MedQuist's business that are not historical facts are
"forward-looking statements" that involve risks and uncertainties.
Actual outcomes and results may differ materially from what is
expressed or forecasted in forward-looking statements. As a result,
forward-looking statements speak only as of the date they were
made, and the Company undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
SOURCE MedQuist Holdings Inc.