FOR IMMEDIATE RELEASE
Medsphere Plays Key Role in Healthcare Emerging Technology
Discussion at HP Worldwide IT Symposium 2005
Open Source Electronic Health Record (EHR) Pioneer Joins Healthcare and Technology Leaders for Inaugural Industry Summit
ALISO VIEJO, California, Oct. 13, 2005 - Medsphere Systems Corporation, the leading commercial provider of open source technology for the healthcare industry, played a key role in Hewlett-Packard's inaugural Worldwide Healthcare IT Symposium in Las Vegas, NV, September 20-23 with key presentations on the evolving healthcare IT industry.
The event attracted health industry experts, researchers, physicians, and administrators from around the globe and key healthcare and technology industry players such as Oracle, Siemens, McKesson Corporation and Cerner Corporation. The focus of the conference was improving health through information integration for enhanced access to the vital information required to improve patient care.
Alongside such prominent speakers as Dr. David Brailer, National Health Information Technology Coordinator, Medsphere executives made several key presentations outlining how information technology can impact and improve healthcare quality while complementing key national healthcare initiatives:
- The symposium, entitled Improving Health through Information Integration, featured a keynote address by Medsphere Board Chairman and CEO of the National Quality Forum, Dr. Kenneth W. Kizer, MD, MPH. Speaking on the growing evidence of poor healthcare, rising healthcare costs and consumer activism, Dr. Kizer underscored the enormous opportunity and need for rapid deployment of state-of-the-art healthcare IT throughout the sector to support the major transformation in national healthcare initiatives.
- Medsphere Executive Vice President, Feyzi Fatehi gave a presentation titled "The Anatomy and Diffusion of Disruptive Innovation in Healthcare IT". This offered a provocative perspective on how disruptive innovations like Medsphere's OpenVista® will evolve to achieve market dominance in spite of existing, successful, and established technologies, products, and vendors. The presentation offered a fresh framework for decision-makers to identify and take full advantage of the next great wave of innovation in healthcare IT.
- Frank Pecaitis, Medsphere's VP of Sales and Marketing, gave a highly acclaimed presentation on Medsphere's value proposition. He highlighted the expansive capabilities the OpenVista solution offers as a comprehensive clinical information system in comparison to the commercial market leaders.
- As an HP partner and platinum sponsor of the event, Medsphere's executive speakers played a significant role by articulating and communicating how the industry is experiencing disruption from emerging technologies and the role that Medsphere is increasingly playing in the transformation of global healthcare IT.
Medsphere and HP have joined forces to deliver the first instances of the open source deployment of OpenVista in multiple community and state hospitals. Medsphere is revolutionizing healthcare by providing commercially supported EHR software applications based on the proven VistA electronic health record developed by the Department of Veterans Affairs. For more information about this event please see the symposium website.
About Medsphere Systems Corporation
As the Open Source source for healthcare, Medsphere is revolutionizing the industry by delivering commercially supported software based on the U.S. Department of Veterans Affairs' proven VistA electronic health record (EHR). Medsphere offers healthcare an economically sustainable and comprehensive solution in OpenVista®, a portfolio of products and professional services for hospitals, clinics, and integrated delivery networks. The company addresses the capital constraints of the healthcare industry through an innovative subscription-based pricing model. Medsphere's experienced team of healthcare technology professionals and unique suite of implementation tools deliver a fluid transition to a comprehensive healthcare information technology solution. Founded in 2002, Medsphere is backed financially by Azure Capital Partners, Thomas Weisel Venture Partners, and the Wasatch Venture Fund. For more information, visit www.medsphere.com.Contacts
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Corporate: Rick Jung Chief Operating Officer Medsphere Systems Corporation (949) 297-8182 office rick.jung@medsphere.com |
Media: Marisa Borgasano Schwartz Communications (415) 512-0770 (office) medsphere@schwartz-pr.com |