SAN DIEGO, CA--(Marketwire - Jan 24, 2013) - Awarepoint Corporation, the largest real-time location system (RTLS) corporation dedicated exclusively to healthcare, announces the celebration of its 10th anniversary. The company, which drives asset, patient, and caregiver workflow optimization and clinical and financial outcome improvements, credits its outstanding growth, momentum and track record to its loyal client base, innovative technology and software engineers and other dedicated associates, and the increasing market demand for its RTLS solutions. Awarepoint features the industry's only cloud-based RTLS with an integrated software, technology, and managed services solution on a single platform.
"It's been gratifying to see how Awarepoint's momentum and market penetration has grown steadily over the past 10 years, making it the market leader in healthcare RTLS," says Jay Deady, CEO of Awarepoint. "We are proud of the results we've enabled our clients to achieve, and excited about the future as we continue to innovate and help them thrive in an environment that will reward health systems that deliver safe, efficient, high-quality care. It's an honor to lead a company that is poised for such dynamic growth and a privilege to work with such a knowledgeable, creative and inventive team who are dedicated to providing our clients with the most advanced, intuitive, and fast time to value solutions."
Deady adds, "We are also grateful for our loyal clients' trust and willingness to collaborate with us to ensure that our solutions improve patient and staff satisfaction and optimize patient throughput. We remain committed to offering affordable solutions that leverage current IT investments to improve communication, enhance care coordination, streamline workflow, and reduce capital investments and operating costs."
Keys to market-leading success include:
An Extensible RTLS Platform
Awarepoint expanded the product portfolio in 2011 with the acquisition of Patient Care Technology Systems (PCTS) in order to drive operational and clinical efficiency in complex environments such as the emergency department (ED) and operating room (OR). Integration of these solutions on a single software and hardware technology platform simplifies the addition of applications to address new workflow challenges with limited effort by the client.
24 Industry Patents Issued
Awarepoint has been awarded a record number of RTLS-related patents -- three times the number of patents that have been awarded to the closest competitor. The commitment to innovation has delivered significant value to clients, including unequaled algorithm accuracy that drives clinical workflow, patient milestone management and throughput. Additionally, diligence in obtaining patents for this intellectual property protects clients' investments and ensures long term value.
Impressive Group of Investors
The support of a world-class investor group is a tremendous vote of confidence in Awarepoint's mission and ability to execute. Investors include: Cardinal Partners, Venrock, Jafco Ventures, Avalon Ventures, New Leaf Venture Partners and Kleiner Perkins Caufield & Byers. Most recently, Heritage Healthcare Innovation Fund led the last round of investment; Heritage is backed by many of the nation's top hospitals, health systems and healthcare services firms, including: Amedisys, Cardinal Health, Community Health Systems Inc., Health Care Service Corporation, Intermountain Healthcare, Iowa Health System, LifePoint Hospitals, Memorial Hermann Healthcare System, Trinity Health (Novi, MI) and Vanguard Health Systems.
Outstanding Leadership on the Board of Directors and Management Team
Awarepoint is led by Jay Deady, president and CEO, who joined the company in 2010 and other notable visionaries including Dennis O'Leary, M.D., CMIO, who previously served as The Joint Commission's CEO for 21 years.
Other major company milestones and achievements include:
- The largest single-campus RTLS deployment ( >4 million square feet)
- The largest integrated delivery network (IDN) deployment (34 hospitals and 298 MOBs across 4 regions, with 27+ million square feet of coverage and 120,000 tags deployed to date)
- 40% growth in revenue and tag sales year over year, for the past three years
- 60 day deployments, the fastest in the industry
- Demonstrable ROI with $3-$7 returned for every dollar invested
- Only cloud-based RTLS solution
- Recognition/awards that include being named one of Modern Healthcare's Best Places to Work in Healthcare for three consecutive years
Deady concludes, "As we embark on the next 10 years, we reaffirm our commitment to being at the forefront of RTLS innovation through easy-to-use, patented technology that facilitates patient throughput and efficiency, and allows hospital staff to focus on what really matters -- patient care. We look forward to another record-breaking decade ahead."
Awarepoint delivers the healthcare industry's only cloud-based, Real-time Location System (RTLS) on a single platform of integrated software, technology, and managed services. By enabling predictive workflows to better manage assets, patients, and personnel across the enterprise, the aware360°Suite allows administrators and care providers to advance the quality, efficiency, experience, and economics of care. Dedicated exclusively to healthcare, Awarepoint's experience and reliable, proven solutions power the largest healthcare RTLS deployments in the world. For more information, visit www.awarepoint.com.