BOSTON, Nov. 3 AMICAS, Inc. (Nasdaq: AMCS), a leader in image and information management solutions, today announced that it has been awarded the Frost & Sullivan 2009 North American Growth Leadership of the Year Award in Imaging Informatics. According to Frost & Sullivan, AMICAS captured the largest market share in the North American image and information management market. In 2009, AMICAS more than doubled its market share to over ten percent through a combination of organic growth and its strategic acquisition of Emageon Inc.
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"AMICAS is honored to be recognized by Frost & Sullivan as the 2009 growth leader," said Stephen Kahane MD, president, chief executive officer, and chairman of AMICAS. "AMICAS is a leading, independent provider of image and information management solutions for healthcare - and this award directly reflects our commitment to delivering innovative, high-ROI solutions that enable our customers to realize their quality and productivity goals."
"Frost & Sullivan commends AMICAS for its success in gaining market share and its acquisition of Emageon," said Nadim Daher, senior industry analyst at Frost & Sullivan. "In addition to expanding AMICAS' solutions portfolio with additional leading-edge, innovative solutions developed by Emageon, this move further strengthens the company's market position as a provider of enterprise-wide image management and related systems, expands its market coverage to a larger segment of North American imaging providers, and also provides the opportunity for robust financial growth and continued success."
"AMICAS is a very focused imaging IT company that is in a great competitive position in the industry to provide the imaging components of healthcare IT solutions in conjunction with EMR vendors," said Mr. Daher. "As EMR adoption accelerates, the ability to offer an enterprise-wide, vendor-neutral infrastructure with viewing toolsets for multiple image-intensive specialties will help AMICAS provide the imaging component of the EMR."
AMICAS' imaging EMR solution is proven in installations at many major health systems across the country. Each of these health systems has multiple departmental PACS solutions - many of them from different vendors - that use the single viewer provided by AMICAS' vendor-neutral infrastructure. AMICAS ECM(TM) helps provide excellent service to clinicians throughout the healthcare system while limiting the total cost of ownership from an IT point of view.
AMICAS' solutions range from radiology PACS and cardiology PACS that complement a hospital or integrated delivery network's (IDN) EMR strategy to an end-to-end solution that automates the entire workflow of a radiology practice or imaging center. For hospitals and IDNs, AMICAS provides PACS solutions for multiple image-intensive departments, including radiology and cardiology. In addition, AMICAS provides the industry's leading vendor-neutral enterprise imaging infrastructure that serves as the imaging EMR.
AMICAS is the leader in automation support for imaging-related businesses such as radiology groups, teleradiology businesses, imaging centers, multi-specialty groups, and billing services. In the ambulatory imaging market, AMICAS provides a comprehensive software suite that includes PACS, RIS, critical results management, business intelligence, and radiology billing software.
AMICAS(Ū)( )is a registered trademark and service mark, and AMICAS ECM(TM) is a trademark of AMICAS, Inc. All other trademarks and company names mentioned are the property of their respective owners.
About AMICAS, Inc.
AMICAS, Inc. (www.amicas.com) is a leading independent provider of imaging IT solutions. AMICAS offers the industry's most comprehensive suite of image and information management solutions - from radiology PACS to cardiology PACS, from information systems to cardiovascular information systems, from revenue cycle management solutions to enterprise content management tools designed to power the imaging component of the electronic medical record (EMR). AMICAS provides a complete, end-to-end solution for radiology practices, imaging centers, and ambulatory care facilities. Hospitals and integrated delivery networks are provided with a comprehensive image management solution for cardiology and radiology that supports EMR strategies to enhance clinical, operational, and administrative functions.
About The Frost & Sullivan Award for Growth Leadership of the Year
Frost & Sullivan employs a global research organization of 1,800 analysts and consultants who monitor more than 300 industries and 250,000 companies. The Frost & Sullivan Best Practices Group performs objective research to identify best practices within each industry and functional discipline. This approach enables Frost & Sullivan to determine how best-in-class companies worldwide manage growth, innovation, and leadership. These achievements are recognized with Frost & Sullivan Best Practices Awards.
The Frost & Sullivan Award for Growth Leadership of the Year is presented to the company that has demonstrated excellence in capturing the highest annual compound growth rate for the last three years. AMICAS will formally receive the award at the Frost & Sullivan 2009 Healthcare Innovations Awards Banquet on November 19 in San Antonio, TX.
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