MONTREAL, March 8, 2011-TECSYS Inc. (TSX: TCS), an industry-leading supply chain management software company announced today that Intermountain Healthcare, a $4.3 billion nonprofit health system, has selected TECSYS’ supply chain management solutions for its Hospital Supply Network that will enable Intermountain’s transformation to a self-distribution model.
With TECSYS, Intermountain will significantly decrease its operating costs and be able to support its clinical chain with over 99% availability of supplies to the point-of-use, at the same time gain unequivocal inventory visibility of their entire delivery network.
Peter Brereton, President and CEO of TECSYS stated: “Intermountain’s leadership and commitment to supply chain excellence is impressive and they are taking their organization to the next level of excellence by creating an internal supply chain infrastructure. Their decisive move could not come at a better time as the healthcare industry is seeing an increasing need for an efficient and cost effective supply chain. We look forward to working collaboratively with Intermountain to make their self-distribution initiative a clear winner.”
As number 7 in Gartner’s Healthcare Supply Chain Top 25 for 2010 report1, Intermountain consists of 23 hospitals, 150 clinics throughout the state of Utah and is also one of Utah’s largest health insurers.
Brent Johnson, Vice President Supply Chain at Intermountain Healthcare stated: "At Intermountain, extraordinary clinical care is at the heart of our mission and our supply chain promise is to bring to the front line needed resources, efficiently and affordably to meet our commitment of ensuring that care-givers are focused on patients. With the self-distribution model enabled through TECSYS, we will be able to plan, receive, store and distribute thousands of products that we provide across our supply network from a single central location, vastly increasing efficiency, reducing cost and improving service. In addition to their robust healthcare software, we have selected TECSYS because they are at the forefront of supply chain management solutions for the IDN space and clearly understand the healthcare supply chain better than anyone in the software industry. "
About Intermountain Healthcare
Intermountain Healthcare is a nonprofit health system based in Salt Lake City, Utah, with 23 hospitals, over 780 physicians in the Intermountain Medical Group, a broad range of clinics and services, and health insurance plans from SelectHealth. We are the largest healthcare provider in the Intermountain West, with over 32,000 employees and serving the healthcare needs of Utah and southeastern Idaho residents. Our mission is to provide clinically excellent medical care at affordable rates in a healing environment that’s as close to home as possible.
TECSYS is a leading supply chain management software provider that delivers powerful enterprise distribution, warehouse and transportation logistics software solutions. The company’s customers include more than 500 mid-size and Fortune 1000 corporations in healthcare, heavy equipment, third-party logistics, and general wholesale high-volume distribution industries. TECSYS’ shares are listed on the Toronto Stock Exchange under the ticker symbol TCS.
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The statements in this news release relating to matters that are not historical fact are forward looking statements that are based on management’s beliefs and assumptions. Such statements are not guarantees of future performance and are subject to a number of uncertainties, including but not limited to future economic conditions, the markets that TECSYS Inc. serves, the actions of competitors, major new technological trends, and other factors beyond the control of TECSYS Inc., which could cause actual results to differ materially from such statements. More information about the risks and uncertainties associated with TECSYS Inc.’s business can be found in the MD&A section of the Company’s annual report and annual information form for the fiscal year ended April 30th, 2010. These documents have been filed with the Canadian securities commissions and are available on our website (www.tecsys.com ) and on SEDAR (www.sedar.com).
1 Gartner: The Healthcare Supply Chain Top 25 for 2010 report by: Wayne McDonnell, Eric O’Daffer, Carla Elvy, Barry Blake, Hussain Mooraj, Debra Hofman, Publication Date: 17 November 2010.