Update: MedQuist Wins Contract with Detroit Medical Center for Emergency Medicine Transcription at Six Healthcare Organizations
MT. LAUREL, N.J., March 10 MedQuist Inc. (Nasdaq: MEDQ), a leading provider of technology-enabled clinical documentation services, today announced that it has been awarded a contract by Detroit Medical Center (DMC), a nationally respected healthcare system, to provide transcription outsourcing services. This award expands MedQuist's existing relationship to include services for Emergency Medicine documentation for six of DMC's major organizations: Children's Hospital, Detroit Receiving Hospital, Harper University Hospital, Huron Valley-Sinai Hospital, DMC Surgery, and Sinai-Grace Hospital.
A key factor in DMC's selection was MedQuist's ability to deploy experienced resources at a scalable level and with demonstrated standards and safeguards to meet HIPAA requirements and DMC's overall quality patient care objectives at a cost-effective price. In addition, MedQuist was able to preserve more than 60 Medical Transcriptionist (MT) positions from DMC's previous supplier by hiring those MTs who were already doing the work for the healthcare system.
According to Dianne Summers, CMT, PHNS Transcription Services national operations manager, "We saw over the course of our 11-year business relationship that MedQuist would be able to meet DMC's demands for fast report turnaround times in the critical area of Emergency Medicine, while maintaining quality. We needed to provide a cost savings opportunity to our customer, and MedQuist found the correct blend of talent and technology to make it happen."
"We are very pleased that such a prestigious organization has decided to add Emergency Medicine clinical documentation to the services we already provide to Health Information Management," says Alan Gold, senior vice president of Sales at MedQuist. "This agreement with DMC is a confirmation that MedQuist's investments in service quality and technology are making us the preferred choice among the largest and most complex healthcare facilities."
About Detroit Medical Center
Detroit Medical Center is the leading academically integrated system in metropolitan Detroit and the largest health care provider in southeast Michigan. The DMC has more than 2,000 licensed beds and 3,000 affiliated physicians. Further information is available at www.dmc.org.
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.
"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 Inc.
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