Agreement Covers Enterprise-wide Transcription and Radiology Speech Recognition, Along with Innovative Job Preservation Plan
MT. LAUREL, N.J., Aug. 26 /PRNewswire-FirstCall/ -- MedQuist Inc. (Nasdaq: MEDQ), a leading provider of technology-enabled clinical documentation services, today announced that it has been awarded the preferred vendor contract by Wellmont Health System of Kingsport, Tennessee for enterprise medical transcription services, as well as for speech recognition in radiology. As part of the arrangement, MedQuist will offer employment to Wellmont's existing transcriptionists.
"MedQuist has the technology and labor capabilities, as well as the ability to mobilize its resources to meet the demands of our Enterprise Transcription project," said Truman Esmond, Interim Chief Financial Officer of Wellmont. "MedQuist has stepped forward for us, and this is a perfect example of how to win and maintain a customer for a long time."
Peter Masanotti, MedQuist's Chief Executive Officer, stated, "The Wellmont experience is an excellent example of what we call 'speed to value.' MedQuist's size and scope of resources, coupled with considerable implementation experience in all kinds of settings, allows us to ramp customers more quickly and effectively than others. That shortens the time for customers to realize the savings and Return on Investment they seek. We are pleased to have helped Wellmont and gratified by their support."
About MedQuist
MedQuist is a leading provider of medical transcription services, and a leader in technology-enabled clinical documentation workflow. MedQuist's enterprise solutions -- including mobile voice capture devices, speech recognition, Web-based workflow platforms, and global network of medical editors -- help healthcare facilities improve patient care, increase physician satisfaction, and lower operational costs. For more information, please visit www.medquist.com.
About Wellmont Health System
Wellmont Health System is the premier provider of healthcare services for Northeast Tennessee and Southwest Virginia, delivering top-quality, comprehensive healthcare and wellness services across the region. The Wellmont system was formed in July 1996 with the merger of Holston Valley Medical Center in Kingsport, Tenn., and Bristol Regional Medical Center in Bristol, Tenn. Over the past decade, Wellmont has grown to include Mountain View Regional Medical Center in Norton, Va., Lee Regional Medical Center in Pennington Gap, Va., Lonesome Pine Hospital in Big Stone Gap, Va., Hawkins County Memorial Hospital in Rogersville, Tenn., and Hancock County Hospital in Sneedville, Tenn. Wellmont is an operating partner with Adventist Health System at Takoma Regional Hospital, an acute care hospital in Greeneville, Tenn. Wellmont maintains clinical affiliations with two acute care hospitals in Virginia, Clinch Valley Medical Center in Richlands and Wythe County Community Hospital in Wytheville. Wellmont hospitals offer a broad scope of services ranging from community-based acute care to highly specialized tertiary services including neonatal intensive care and two trauma centers.
"Safe Harbor" Statement under the U.S. Private Securities Litigation Reform Act of 1995: Statements in this press release regarding MedQuist's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. Actual outcomes and results may differ materially from what is expressed or forecasted in forward-looking statements. As a result, forward-looking statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE MedQuist Inc.
