Lanvision (NASDAQ:LANV)
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LanVision Announces Executive Management Changes
CINCINNATI, Dec. 9 /PRNewswire-FirstCall/ -- LanVision Systems, Inc.
(NASDAQ:LANV) today announced a reorganization of its executive management team
and a change to its Board of Directors. On December 8, 2004, Eric S. Lombardo
resigned as Executive Vice President and as a member of the Board of Directors
of LanVision Systems, Inc. Mr. Lombardo has agreed to continue as a consultant
to the Company through October 31, 2005.
Also on December 8, 2004, William A. Geers, Vice President of Product
Development has been appointed Chief Operating Officer of LanVision Systems,
Inc. Mr. Geers will focus on managing the day-to-day operations and improving
the Company's overall operational efficiencies. J. Brian Patsy, President and
Chief Executive Officer, will continue in those roles but will increase his
focus on sales growth, partnerships and strategic business opportunities to
further strengthen the Company's position in the marketplace.
Mr. Patsy, commenting on the reorganization said, "Eric has made a tremendous
contribution to LanVision over the past 15 years. He has been an integral part
of our executive management team and Board of Directors since the Company's
founding, and was instrumental in growing the Company from its initial
entrepreneurial roots to a publicly traded company."
Regarding Mr. Geers, Mr. Patsy continued, "In order to position the Company for
future growth, Bill will assume responsibility for LanVision's overall
operations, allowing me to focus on new sales growth opportunities in the areas
of workflow business process re-engineering and remote hosting services. Bill
has a thorough understanding of our business and his strong leadership will
ensure that our operations are efficient and effective as we expand our
presence in healthcare services markets."
About LanVision Systems
LanVision is a healthcare information technology company focused on digitally
streamlining healthcare by providing solutions that improve document-centric
information flows while complementing and enhancing existing
transaction-centric healthcare information systems. The Company's workflow and
document management solutions bridge the gap between current, inefficient
paper-based processes and transaction-based healthcare information systems by
1) electronically capturing document-centric information from disparate
sources, 2) electronically directing that information through vital business
processes, and 3) providing access to the information for authenticated users
(such as physicians, nurses, administrative and financial personnel and payers)
across the continuum of care.
The company's workflow-based products and services offer unique solutions to
specific healthcare business process bottlenecks within the Medical Record life
cycle and the revenue cycle. The Company offers process improvement solutions
such as remote coding, abstracting and chart completion, remote physician order
processing, pre-admission registration scanning, insurance verification,
financial screening, secondary billing services, explanation of benefits
processing and release of information processing.
LanVision's products and services also create an integrated document- centric
repository of historical health information that is complementary and can be
seamlessly "bolted on" to existing transaction-centric clinical, financial and
management information systems, allowing healthcare providers to aggressively
move toward fully Electronic Medical Record (EMR) processes while improving
service levels and convenience for all stakeholders. These integrated systems
allow providers and administrators to dramatically improve the availability of
patient information while decreasing direct costs associated with document
retrieval, work-in-process, chart completion, document retention and archiving.
LanVision's systems can be provided on a subscription basis via remote hosting
services or installed locally. LanVision provides ASPeN, ASP-based remote
hosting services to The University Hospital, a member of The Health Alliance of
Greater Cincinnati, M. D. Anderson Cancer Center and Children's Medical Center
of Columbus, Ohio among others. In addition, LanVision has installed its
workflow and document management solutions at leading healthcare providers
including Stanford Hospital and Clinics, the Albert Einstein Healthcare
Network, Parkview Health System, ProMedica Health System, Inc., the University
of Pittsburgh Medical Center, Medical University Hospital Authority of South
Carolina, and Memorial Sloan-Kettering Cancer Center.
For additional information on LanVision, please visit our website at
http://www.lanvision.com/ .
"Safe Harbor" statement under the Private Securities Litigation Reform Act of
1995
Statements made by LanVision that are not historical facts are forward- looking
statements that are subject to risks and uncertainties. LanVision's future
financial performance could differ materially from expectations of management
and from results reported now or in the past. Factors that could cause
LanVision's financial performance to so differ include, but are not limited to,
the impact of competitive products and pricing, product development, reliance
on strategic alliances, availability of products procured from third party
vendors, the healthcare regulatory environment, fluctuations in operating
results, and other risks detailed from time to time in LanVision's filings with
the U.S. Securities and Exchange Commission.
DATASOURCE: LanVision Systems, Inc.
CONTACT: Paul W. Bridge, Jr., Chief Financial Officer of LanVision
Systems, Inc., +1-513-794-7100
Web site: http://www.lanvision.com/