MediSolution Ltd.
TSX : MSH

MediSolution Ltd.

November 20, 2008 08:30 ET

MediSolution Signs Reseller Agreement with Healthvision Solutions Inc for Virtuo Business Intelligence Solutions

MONTREAL, QUEBEC--(Marketwire - Nov. 20, 2008) - MediSolution Ltd.(TSX:MSH), a leading provider of enterprise resource planning (ERP) solutions and specialized blood bank software, announced today that they have signed a Worldwide Reseller agreement with Healthvision Solutions Inc, a leading provider of healthcare specific software and services. Healthvision will resell Virtuo Business Intelligence solutions to their customers and prospects including specialized business intelligence modules for patient management, laboratory information and revenue cycle management systems.

With North American offices in the USA and Canada, Healthvision is known for delivering innovative, cost-effective solutions that satisfy the unique needs of the healthcare community. Their solutions, powered by the Cloverleaf Integration Suite, are at work in thousands of facilities around the globe including 40% of all large Integrated Delivery Networks and 33% of US hospitals.

"We are pleased to be working with MediSolution to provide our clinical applications and systems integration customers with comprehensive suite of Business Intelligence solutions," said Russell Fleischer, chief executive officer at Healthvision. "The fully integrated BI modules will allow our customers to closely watch, analyze and report on various aspects of business and system performance."

Specifically designed for healthcare and other service organizations wishing to improve the monitoring and analysis of their business performance, the Virtuo Business Intelligence solution turns data into web-based dashboards and scorecards allowing managers to track key performance indicators (KPIs) to quickly identify trends and provides the ability to manipulate data and use OLAP cubes to drill down on specific data elements to examine the underlying reasons for certain variances and other analytics highlighted by the dashboards and scorecards to implement appropriate action. Fully secure and scalable, Virtuo Business Intelligence solutions are deployed using Microsoft's BI solutions including Microsoft SQL Server and Office PerformancePoint Server 2007 (PPS).

"The reseller agreement with Healthvision will significantly extend the market reach for our Virtuo Business Intelligence solutions," said Paul Lepage, president and chief executive officer at MediSolution. "In today's fast paced environment, the ability for healthcare organizations to quickly and easily identify potential issues and determine corrective actions has become a critical business requirement."

About MediSolution

MediSolution (TSX:MSH), a Brookfield Asset Management company, is a leading information technology company, providing enterprise resource planning (ERP) and specialized blood bank software, solutions and services to healthcare and service sector customers across North America. More than 300 healthcare, public and service sector organizations rely on MediSolution's systems to maximize their operational efficiencies, lower their costs and improve the delivery of services. The company's product portfolio is comprised of Financial Management software such as accounts receivable, budgeting and materials management, Business Intelligence solutions as well as Human Capital Management tools and services including human resources management, staff scheduling and payroll processing. The company also provides speciality hemovigilance solutions that improve patient safety, reduce waste and increase efficiency for blood transfusion services.

For more information, visit www.medisolution.com.

About Healthvision

Healthvision is a leading provider of healthcare specific software and services. We provide innovative, cost-effective solutions enabling vital access to healthcare information anytime and anywhere, improving clinical and financial outcomes. Our solutions, powered by Cloverleaf Integration Suite, are at work in thousands of facilities around the globe, including 40 percent of all large Integrated Delivery Networks, and 33 percent of U.S. hospitals.

This press release contains "forward-looking statements" regarding MediSolution's reseller agreement with Healthvision Solutions Inc for the resale of Virtuo Business Intelligence solutions. The words "believe", "expect", "anticipate", "intend", "estimate" and other expressions which are predictions of or indicate future events and trends and which do not relate to historical matters identify forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements because they involve known an unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those set forth in the forward-looking statements include failure to secure customer interest in the Virtuo Business Intelligence solutions following the partnership agreement with Healthvision Solutions Inc, the product's failure to generate anticipated business efficiencies and value for the client and the cancellation of the agreement between MediSolution and Healthvision Solutions Inc.

Contact Information

  • MediSolution Ltd.
    Paul Lepage
    President and Chief Executive Officer
    514-850-5040
    info@medisolution.com
    or
    Clear Message Communications for Healthvision
    Shelly Iversen
    214-550-5282 x101