SOURCE: Awarepoint

Awarepoint

May 08, 2013 07:50 ET

Awarepoint Named a Finalist for the 2013 Red Herring Top 100 North America Award

Award Recognizes Top Private Companies and Cutting-Edge Technologies Poised for Explosive Growth

SAN DIEGO, CA--(Marketwired - May 8, 2013) - Awarepoint Corporation, the largest real-time location system (RTLS) corporation dedicated exclusively to healthcare, today announced it has been selected as a finalist for Red Herring's Top 100 North America Award, a prestigious list honoring the year's most promising private technology ventures from the North American business region.

Red Herring has been selecting the most exciting and promising start-ups and "scale ups" since 1995. Finalists are evaluated individually from a large pool of hundreds of candidates based across North America. Twenty major criteria underlie the scoring and process including, among others: technological innovation, management strength, market size, investor record, customer acquisition and financial health. The list of finalists often includes the best performing and prominent companies of the year.

2013 will be remembered as a special vintage. "The finalists list confirms the excellent choices made by entrepreneurs and VCs and the start-ups' solid roots in corporate America, embracing their innovations. By all metrics, it emphasizes the United States' entrepreneurial excellence," said Alex Vieux, publisher and CEO of Red Herring.

"We are honored to be a Red Herring Top 100 Finalist because it underscores our commitment to innovation in healthcare efficiency. Every healthcare provider leader I speak with is trying to cut 20% out of the cost of care delivery as they brace themselves for the full impact of health reform. The only way to reduce costs this significantly is to hone operations in order to ensure consistent delivery of the highest quality care, flawless communication, optimal patient flow, efficient caregiver processes, and fully-informed and satisfied patients," said Jay Deady, President and CEO of Awarepoint. "Our clients have documented significant improvements in all of these areas, while also realizing a return on investment of 300 to 700 percent, which has positioned Awarepoint as one of the fastest growing companies in healthcare."

Awarepoint's patented aware360°Suite tracks and documents the location and interaction of patients, caregivers and equipment throughout the hospital enterprise -- including complex, fast-paced environments like surgery and emergency departments. Its analytics and reporting capabilities deliver actionable data that enable hospitals to increase safety, eliminate equipment bottlenecks, lower bed turnover times, improve patient throughput, reduce capital purchases and optimize patient and staff satisfaction.

The aware360°Suite is the industry's only RTLS solution that integrates software, technology and managed services on a single, cloud-based platform. This turnkey approach minimizes the need for hospitals to tap busy IT staff and support resources. Other Awarepoint market differentiators include:

  • Exclusive focus on the healthcare industry
  • 45-60 day deployments, the fastest in the industry
  • Standards-based technology that is very low maintenance and doesn't interfere with mission critical WiFi networks
  • The only company that will contractually guarantee accuracy
  • Rapid, documented return on investment
  • Extensible platform that delivers early value while supporting the incremental expansion of RTLS solutions over time
  • Business intelligence that provides insight for process improvement initiatives
  • 25 patents -- three times the number held by the nearest competitor
  • Single point of contact for hardware, software, service and maintenance needs

These competitive advantages -- combined with industry leadership and a blue-chip client list that includes Kaiser Permanente, New York-Presbyterian Hospital, Providence Health and Services and Yale-New Haven -- have helped Awarepoint attract investments from the country's leading venture capital firms. Those investors include Kleiner Perkins Caufield & Byers, Heritage Healthcare Innovation Fund (HHIF), Cardinal Partners, Venrock, Jafco Ventures, Avalon Ventures, New Leaf Venture Partners and Top Tier Capital Partners.

Awarepoint will present their winning strategies at the Red Herring North America Forum in Monterey, Calif., May 21 to 23, 2013. The Top 100 winners will be announced at a special awards ceremony the evening of May 23 at the event.

Please follow the Red Herring conference at https://twitter.com/digitalherring. Use the hashtag #RedHerring100

About Awarepoint
Awarepoint delivers the healthcare industry's only cloud-based 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.

Contact Information

  • Media Contact
    Amendola Communications for Awarepoint
    Jodi Amendola
    480.664.8412
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