Wall Street Journal Highlights Blood Management, Strategic Healthcare Group LLC, and Dr. Timothy Hannon

Tuesday, November 4, 2008 General News
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INDIANAPOLIS, Nov. 3 The Wall Street Journal published anarticle on October 29th describing the benefits of blood management,highlighting Strategic Healthcare Group LLC and featuring quotes fromPresident and founder Dr. Timothy Hannon. The article, Hospitals Seek toLimit Use of Transfusions: New Efforts to Recycle Blood and Treat Anemia AreAimed at Cutting Costs and Risks, is part of the "The Informed Patient" serieswritten by Laura Landro (available athttp://online.wsj.com/article/SB122523396064077821.html). This articlefocuses on three issues: mounting safety concerns regarding bloodtransfusions, the efforts such as those of the Joint Commission to bringattention to these issues, and solutions such as the Strategic BloodManagement(TM) suite of products that demonstrably reduce transfusions whileimproving clinical outcomes.

The article quotes Strategic Healthcare Group founder Dr. Hannon regardingthe growing concerns that blood is not without risks for patients and shouldonly be used when the benefits outweigh the risks. The article describes thegrowing number of Strategic Blood Management clients as a result of anexpanding partnership between the American Red Cross and Strategic HealthcareGroup. Finally, Dr. Hannon describes the success that he has been able tobring about at hospitals resulting in as much as a 30% reduction intransfusions and over $4 million per year in transfusion cost savings.

"We are very pleased to be mentioned prominently in The Wall StreetJournal article that continues to bring attention to the need for propermanagement of blood products," Dr. Hannon said. "The Wall Street Journalshould be commended for its leadership in educating its readers and themedical community about blood management as a way to improve the efficiencyand quality of care simultaneously."

Rising blood costs, intermittent blood shortages and quality of careconcerns are encouraging blood centers and hospitals to find more efficientways to manage blood products. The Strategic Blood Management(TM) systemconsists of a suite of products that helps hospitals improve blood utilizationwhile reducing the cost of care. The Strategic Blood Management(TM) systemincludes BloodStat(TM) blood utilization benchmarking reports, Strategic BloodManagement(TM) program implementation and support services, and the BloodeManagement(TM) learning suite.

About Strategic Healthcare Group LLC

Strategic Healthcare Group is the leading provider of blood managementproducts and solutions, partnering with the U.S. blood collection industry andforward thinking healthcare systems. Hospitals using the Strategic BloodManagement(TM) system have reported reductions in blood utilization from 11%to 37% with cumulative cost savings in excess of $50 million through thereduction in unnecessary transfusions while improving patient care andincreasing patient safety.

For further information see http://www.bloodmanagement.com

SOURCE Strategic Healthcare Group LLC

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