Press Release - March 20, 2007 - BusinessWire

Picis Announces Third Major Release of Total Perioperative Automation Solution
Helping hospitals enhance revenue and improve efficiency, supply chain management and Joint Commission reporting

WAKEFIELD, Mass.--(BUSINESS WIRE)--Picis, Inc. today announced the third major release of its Total Perioperative Automation™ suite, the complete integration of surgical scheduling, supply chain management, revenue management and clinical workflow automation for surgeons, OR nurses, department managers and anesthesia providers. This client-driven release, consisting of more than 125 new features and 1,100 individual requirements to CareSuite perioperative applications, helps to further enhance hospital revenues and productivity, improve supply chain management and support Joint Commission reporting requirements.

The software provides the information needed to help hospitals improve patient care, reduce costs, maximize resources and analyze the costs of high-acuity care delivery. Highlights of this version include:

• New Supply Chain Features—Integrated and comprehensive bar coding helps nurses to easily document bar coded items in the surgical record using various labeling techniques by different vendors. Picis’ unique implementation of bar code technology accounts for more complete charges, faster and more accurate inventory updates and reordering, and more accurate surgeon preference cards. With more than half of hospital supplies processed in the operating room, increasing efficiency in this area can help generate a substantial return on investment. This major release of total perioperative automation includes many improvements and additions to the supply chain capabilities and integration of previous versions.

• Enhanced Tissue and Implant Tracking—In response to new Joint Commission standards for the storage, distribution, documentation and adverse event investigation of transplants and tissue implants, Picis offers enhancements to meet these reporting requirements. Hospitals can now automatically track tissue implants from receipt through final disposition, allowing for easier identification and sorting, and improved efficiency. In addition, new functionality supports precise definition of all instrument trays, custom packs and implant kits for simplified tracking of supplies used and billable costs. This allows for faster documentation by the OR nurse, helps improve the accuracy of custom packs and promotes better reporting of supplies not used in the pack. In addition, trays/packs/kits can now be conflict-checked like other equipment when booking surgical cases.

• Enhanced Interoperability—Picis’ perioperative application continues to be the only solution in the industry in which all components are integrated by one vendor with no third-party components. Key data elements and case milestones are shared immediately across all Picis perioperative modules. In addition, Picis continues to enhance its proven interoperability with hospitals’ clinical, administrative and financial applications. Key patient medical history information, including important data points like height, weight and allergies, pass between Picis and the hospitals’ information systems, keeping patient records up to date and avoiding double entry.

• Improved Anesthesia and PACU features—By integrating anesthesia billing information with external billing systems, Picis provides one central record for patient care and billing. This eliminates redundant data collection and the need to create a separate billing record. This helps hospital staff quickly and accurately identify and correct missing data, improve the timeliness of billing and reduce the risk of lost revenue.

“As the largest physician network in the Southern New Hampshire area, we are committed to pursuing the latest technology available to help us better manage operational efficiencies,” said Lynne MacAllister, R.N., director of patient care systems at Southern New Hampshire Medical Center and a beta test site for the new release. “The ability to closely track medications administered by anesthesiologists and accurately track anesthesia billing data enables our physicians to improve patient documentation and efficiency in reimbursement.”

Picis Total Perioperative Automation, introduced in 2003, supports all roles within the perioperative care areas and brings together the clinical, business and financial functions needed to operate effectively in this demanding environment. Picis is today still the only company delivering this completely integrated suite of applications to the hospital market. This unique deliverability is a testament to Picis’ success in workflow automation, unparalleled multifacility functionality and expert integration to leverage hospitals’ biggest IT investment—their core clinical information systems.

Among the many premier medical centers using Picis Total Perioperative Automation are the Mayo Clinic, the University of Texas M. D. Anderson Cancer Center and the University of California San Francisco Medical Center.

About Picis

Picis is an established provider of innovative healthcare information technology solutions designed to transform the delivery of patient care information in the high-acuity areas of the hospital, including the emergency department, operating and recovery rooms and intensive care units. Picis offers the most advanced suite of integrated products focused on these life-critical areas of the hospital where the patients are the most vulnerable, the care process is the most complex and an increasing majority of hospital costs are incurred. Headquartered in Wakefield, Massachusetts, Picis has licensed systems for use in more than 1,000 hospitals in 19 countries. More information is available at www.picis.com.

Picis is a registered trademark of Picis, Inc. © 2007 Picis, Inc. All rights reserved.

This press release contains express or implied forward-looking statements relating to, among other things, Picis’ expectations concerning marketing plans, market acceptance of its products, and management’s plans, objectives and strategies. These statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond Picis’ control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. In particular, the risks and uncertainties include, among other things, our ability to convince hospitals to shift from existing methods of collecting clinical data to our automated software solutions; competition; changing customer requirements; market acceptance of our software products; claims that we or our technologies infringe upon the intellectual property or other proprietary rights of a third party and product liability claims relating to our products or services or our customers’ use of our products or services.
Contacts

Picis, Inc.
Ann Joyal, 1 781-557-3000
Corporate Communications
ann_joyal@picis.com
or
Scott Lentz, 1 781-557-3000
Chief Financial Officer
scott_lentz@picis.com
or
Media Relations
Schwartz Communications, Inc.
Dana Conti, 1 781-684-0770
picis@schwartz-pr.com
or
Investor Relations
The SAN Group, LLC
Susan Noonan, 1 212-966-3650
susan@sanoonan.com

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