SOURCE: Techs Loanstar, Inc.

December 22, 2011 07:00 ET

Quture/TCLN Announces Demonstration of Interdisciplinary Clinical Performance Product on Intersystems Platform

Company in Preparation for Initial Release of Performance Measurement Product Including Nursing-Sensitive Quality Measures at Niagara Falls Memorial Medical Center

Application Targets Wasted Healthcare Spending for Hospital Acquired Conditions Costing Over $22 Billion Annually

WEST PALM BEACH, FL--(Marketwire - Dec 22, 2011) - Techs Loanstar, Inc. (PINKSHEETS: TCLN) (OTCQB: TCLN) and Quture, Inc. ("Quture") announce the commencement of the Demonstration Project at Niagara Memorial Medical Center, Niagara Falls, New York (NFMMC). Quture/TCLN continues to prepare to launch its new "transformative" and "disruptive" clinical performance measurement tool to improve health care while reducing costs. The Company's product design and intellectual property includes integrating nursing-sensitive performance metrics with physician performance metrics to impose interdisciplinary analytics. This unique Demonstration project targets the prevention of Hospital Acquired Conditions (HAC). Overall, the costs to treat patients who experience these preventable conditions were over $22 billion in 2007 alone. CMS and Medicare are aggressively withholding reimbursement for treatment of patients who acquire these conditions in hospitals, totaling millions of dollars annually and growing at the rate of 20% annually.

The Demonstration Project is led by Judith K. Daugherty, RN, PhD, in her capacity as co-founder and CEO of EXCELCARE, Inc. (EXCELCARE) Ligonier, PA. Quture/TCLN regards the EXCELCARE methodology, software product, database, and clinical content for nursing care plans as the leading product of its kind in nursing worldwide. The Quture/TCLN performance product is the ideal tool to translate unique EXCELCARE "expected outcomes" from nursing care plans to interdisciplinary performance analytics. This Project is intended to be an excellent opportunity for Quture/TCLN and EXCELCARE to mutually evaluate a planned merger/acquisition by Quture.

Niagara Falls Memorial Medical Center (NFMMC) is a long-established customer of EXCELCARE providing an extraordinary clinical setting to transform manual data transfer to electronic data collection on the InterSystems platform. The focus of the Demonstration is on prevention of catheter-acquired urinary tract infections (CAUTI) in the intensive care unit. This clinical condition was selected as an example of Hospital Acquired Conditions (HAC), which is one of several federal initiatives of the Centers for Medicare and Medical Services (CMS) targeted for significant payment reductions. The Quture/TCLN performance product is designed to improve care and reduce costs by focusing on such federal payment initiatives, as well as value-based purchasing.

Dr. Judith Daugherty, President & CEO of EXCELCARE, on behalf of both Quture/TCLN and EXCELCARE, said: "We are committed to integrating nursing and physician clinical performance for measurement and analytics. For hospitals to be competitive, profitable, and meet federal mandates in the immediate future, manual and paper-based patient care and nursing-sensitive quality processes and data collection must rapidly transition to electronic. EXCELCARE has worked side-by-side with Quture for the last year to assure that our methodology and clinical content are integrated into the Quture performance tool. This integration will leverage our expected outcomes of care and performance measures, differentiating EXCELCARE from its competitors and making it ideal for Quture/TCLN upcoming announcement of our first newly enhanced product to connect true clinical quality with value."

Joanne Krolewski, Vice President Patient Services/CNO, said on behalf of NFMMC: "We are proud and excited to have mutually selected and agreed with Quture and EXCELCARE to demonstrate revolutionary technology advances to solve new federal mandates. We look forward to working with them on these challenges at Niagara Falls Memorial Medical Center. Our patients always look to us to provide optimal care at the most favorable costs, and this project is consistent with our mission and commitment to them. We are passionate about what will be required of our medical center on behalf of our staff, our physicians, our patients and payers to transition to the new fee-for-value payment system."

Landon Feazell, Chairman & CEO of Quture/TCLN, added: "It is truly remarkable that years of development of intellectual property and clinical content are now converging on a remarkable technology platform to derive clinical knowledge solutions. Dr. Janice Ophoven, Chief Medical Officer of Quture, and her team have worked with us all these years to develop these assets primarily focused on physicians. They now will be deployed on the best technology platform available to health care, fully developed and deployed to satisfy our requirements and specifications. In our 35+ years of measuring clinical performance in consulting and external peer review projects for health care and insurance corporations, we have consistently integrated performance of nursing and interdisciplinary clinicians. The addition of the EXCELCARE interdisciplinary clinical content and methodology is an added value to our product development. This is a pivotal juncture in health care and its impact on the American economy and on the lives of patients and the professionals devoted to caring for them. We will be proud to introduce new tools to accomplish our mission and to exceed and bring new capability to the extensive new federal and national mandates and standards." He then said: "This is yet another significant milestone in the evolution of our publicly traded company. Our strategy is to introduce transformative tools that improve care and reduce costs as innovators in the private entrepreneurial sector."

About Quture

Quture, Inc., a Nevada corporation, is an emerging growth company positioned to rapidly become the international standard in healthcare performance and outcomes measurement and analytics to accomplish its corporate mission. Quture provides healthcare organizations, insurers, government payers, and other stakeholders in the healthcare community with performance measurement tools and data sets. Industry experts agree that performance and outcomes measurement is the "transformative tool" to reduce medical cost and improve quality of care. Quture's management team has 35 years of experience and a long history of working with many of the nation's leading healthcare institutions as a leader and innovator in measuring clinical performance. Quture is now testing its revolutionary solution to effectively and efficiently measure clinical performance from multiple vendor databases.


EXCELCARE, Inc., a Pennsylvania corporation founded in 1984, developed its first-of-a-kind multidisciplinary decision support system that could be used in any healthcare setting. Customers included university-based hospitals, community hospitals, long-term care and psychiatric facilities. The EXCELCARE software features planning, documenting, evaluating, staffing and costing of care and is used by nurses and other multidisciplinary team members domestically and internationally. The company recently added to its focus the academic version and expanded functionality of interdisciplinary care plans, nursing sensitive care quality measures results and performance metrics. The EXCELCARE mission continues to include contributing to nursing practice for quality patient care. The outcomes of that mission are enhanced by joining efforts with Quture.

About Niagara Falls Memorial Medical Center

Niagara Falls Memorial Medical Center has been meeting the health care needs of the Greater Niagara community for more than a century. What began as a small emergency hospital in 1895 has evolved into Niagara's Premier Health Network, with extensive inpatient and outpatient services and an impressive array of wellness programs and support groups. Multiple outpatient satellite facilities also serve their community at the Summit Healthplex, Summit Family Health Center, Grand Island Family Practice and Tuscarora Health Center, and the Schoellkopf Health Center, a skilled nursing facility. The Child Advocacy Center of Niagara and University Sports Medicine of Niagara are among our affiliates. Through growth and change, Memorial has remained faithful to its mission: To provide high quality, compassionate, accessible health care.

Forward-Looking Statements

This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.

Contact Information

  • For Further Information Contact:
    Constellation Asset Advisors, Inc.
    Jens Dalsgaard
    +1 (415) 524-8500