Lanvision Systems, Inc. Reacts to the Announced Proposed Acquisition of IDX by GE

CINCINNATI, Sept. 30  /PRNewswire-FirstCall/ -- LanVision Systems, Inc. (NASDAQ:LANV) dba Streamline Health today announced that it is in the process of assessing the potential impact of the proposed acquisition of IDX Systems Corp. by the Healthcare Information Technologies division of the General Electric Company, as announced on September 29.

J. Brian Patsy, Chairman and President of LanVision commented, "It is premature to reach any conclusion on the impact of this proposed acquisition on Streamline Health at this time.  We have had a very successful relationship with IDX and our current IDX pipeline of potential new system sales is very robust."

Mr. Patsy observed, "GE's press release specifically stated that 'IDX's administrative, clinical and imaging products will complement GE's Centricity- brand applications'."

Mr. Patsy concluded, "Streamline Health's document workflow solutions complement the IDX Electronic Medical Record and Billing products.  We believe that our solutions, when combined with the broad range of complementary GE Healthcare Information Technologies solutions, could rapidly accelerate the healthcare industry's transition to Electronic Medical Records.  We are optimistic that this could create new opportunities for Streamline Health.  We look forward to continuing our relationship with IDX as it becomes part of GE."

About Streamline Health

Streamline Health is a leading supplier of workflow and document management tools, applications and services that assist strategic business partners, healthcare organizations, and customers to create and improve operational efficiencies through business process re-engineering and automating demanding document-intensive environments.  The company's workflow- based services offer solutions to inefficient and labor-intensive healthcare business processes throughout the revenue cycle, such as chart coding, abstracting and completion, remote physician order processing, pre-admission registration scanning and signature capture, insurance verification, secondary billing services, explanation of benefits processing and release of information processing.  The company's solutions also address the document workflow needs of the Human Resource and Supply Chain Management departments of the healthcare enterprise. All solutions are available for purchase or through a remote hosting services model that better matches customers' capital or operating budget needs.

Streamline Health's solutions create a permanent document-based repository of historical health information that is complementary and can be seamlessly integrated with existing disparate clinical, financial and administrative information systems, providing convenient electronic access to all forms of patient information from any location, including access using a web-browser through the Intranet/Internet.  These integrated systems allow providers and administrators to link systems with documents, which can dramatically improve the availability of patient information while decreasing direct costs associated with document retrieval, work-in-process, chart processing, document retention, and archiving.

Streamline Health provides remote hosting services to various healthcare providers including University Hospital, a member of The Health Alliance of Greater Cincinnati, and Children's Medical Center of Columbus, OH.  In addition, the Company has installed its workflow and document management solutions at leading healthcare providers including Stanford Hospital and Clinics, Albert Einstein Healthcare Network, Beth Israel Medical Centers, University of Pittsburgh Medical Center, Medical University Hospital Authority of South Carolina, and Memorial Sloan-Kettering Cancer Center.

For additional information please visit our website at http://www.streamlinehealth.net/.

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995

Statements made by LanVision Systems, Inc. that are not historical facts are forward-looking statements that are subject to risks and uncertainties. The forward-looking statements contained herein are subject to certain risks, uncertainties and important factors that could cause actual results to differ materially from those reflected in the forward-looking statements, included herein.  These risks and uncertainties include, but are not limited to, whether the acquisition of IDX by GE will be completed, the uncertainty of the impact of the acquisition of IDX by GE on the Company, the impact of competitive products and pricing, product demand and market acceptance, new product development, key strategic alliances with vendors that resell the Company products, the ability of the Company to control costs, availability of products produced from third party vendors, the healthcare regulatory environment, healthcare information systems budgets, availability of healthcare information systems trained personnel for implementation of new systems, as well as maintenance of legacy systems, fluctuations in operating results and other risks detailed from time to time in the LanVision Systems, Inc. filings with the U. S. Securities and Exchange Commission.  Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof.  The Company undertakes no obligation to publicly release the results of any revision to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. 

DATASOURCE: LanVision Systems, Inc.



CONTACT:  Paul W. Bridge, Jr., Chief Financial Officer of LanVision

Systems, Inc., [phone]



Web site:  http://www.lanvision.com/

http://www.streamlinehealth.net/ 

Copyright