Exogen, a products and services company focused on the operational transformation of healthcare providers and manufacturers and wholly-owned subsidiary of Technology Solutions Company (NASDAQ: TSCC), announced today at the annual meeting for the Society for Imaging Informatics in Medicine (SIIM) the release of Blue Oceanâ„¢ â€“ an Enterprise, Real-Time Operational Intelligence Platform positioned to revolutionize the way Hospitals and clinical departments collect, measure, and utilize Key Performance Indicators (KPIâ€™s).
Blue Oceanâ€™s patent-pending technology provides live, in-process operational performance metrics by aggregating disparate, valuable data streams across the hospital enterprise and leveraging state of the art web technologies to deliver actionable information to the Right Role, Right Person, Right Device, Right Nowâ„¢. This innovative solution is expected to play a critical role in helping administrators, clinicians, and staff deliver better patient care by helping them improve their operations in real-time.
â€œBlue Ocean is one of the more innovative solutions I have seen in the area of hospital enterprise and departmental operations data visualization,â€ said Jake Nunn, Metro Regional Director of Radiology including Aurora St. Lukeâ€™s Medical Center, and pilot site for Blue Ocean. â€œAs an integrated health care provider with multiple hospitals and departments, collecting and analyzing real time data is a challenge. Blue Ocean has allowed us to aggregate real-time data from our enterprise information systems and alert staff to potential issues. For instance, Blue Ocean will trigger an alert if a patient has been waiting longer than our enterprise defined standard or trigger an urgent notification to alert staff that interim process steps are delayed and that report turnaround time on a critical test may exceed patient care guidelines. By getting such information in real-time, we can immediately intervene to correct the situation and further, address the process issues for improved performance. This will help us improve patient care, which dovetails with Aurora Health Careâ€™s commitment to continually find better ways to improve the quality of health care.â€
â€œThis an exciting time for our Company,â€ said Milton Silva-Craig, President and CEO of Technology Solutions Company and subsidiary Exogen. â€œWe set out nearly a year ago to develop this innovative concept of real-time operations performance, and todayâ€™s launch is the culmination of a lot of hard work by many involved. Aurora, Jake and his entire team have been instrumental in validating and enhancing the application. We look forward to our continued working relationship with Aurora, and the expansion of Blue Ocean into other Hospitals. We expect Blue Ocean, coupled with our value creation services, will have a significant impact on the way hospitals utilize their data to improve patient experience and drive operational excellence.â€
ABOUT AURORA HEALTH CARE
Aurora Health Care is an integrated not-for-profit Wisconsin health care provider and a national leader in efforts to improve the quality of health care. Aurora offers care at sites in more than 90 communities throughout eastern Wisconsin.
EXOGEN is a products and services company focused on the operational transformation of healthcare providers and manufacturers. Our unique solutions leverage our exclusive intellectual property and patent pending technologies to help our customers drive growth and attain operational efficiencies. We deliver and sustain guaranteed value in the areas of digital healthcare and operational transformation while our entire suite of solutions exists to deliver results. We have delivered hundreds of successful strategy, planning, implementation and optimization projects with extraordinary results and outstanding client references. For more information, please visit www.exogeninc.com.
EXOGEN is a wholly-owned subsidiary of Technology Solutions Company.
Technology Solutions Company (TSC) is a leading business solutions provider that partners with clients to expose and leverage opportunities that create, measure, and sustain the delivery of value to their customers. TSC serves the healthcare and manufacturing industries. For more information, please visit: www.techsol.com.
CERTAIN FORWARD-LOOKING STATEMENTS AND FACTORS THAT MAY AFFECT FUTURE RESULTS
This press release contains or may contain certain forward-looking statements concerning TSCâ€™s financial position, results of operations, cash flows, business strategy, budgets, projected costs and plans and objectives of management for future operations as well as other statements including words such as â€œanticipate,â€ â€œbelieve,â€ â€œplan,â€ â€œestimate,â€ â€œexpect,â€ â€œintend,â€ and other similar expressions. These forward-looking statements involve significant risks and uncertainties. Although TSC believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, readers are cautioned that no assurance can be given that such expectations will prove correct and that actual results and developments may differ materially from those conveyed in such forward-looking statements. TSC claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 for all forward-looking statements. Important factors that could cause actual results to differ materially from the expectations reflected in the forward-looking statements in this press release include, among others, TSC’s ability to manage decreased revenue levels; TSC’s need to attract new business and increase revenues; TSC’s declining cash position; TSC’s ability to manage costs and headcount relative to expected revenues; TSC’s ability to successfully introduce new product and service offerings; TSC’s ability to successfully introduce its new Exogen business subsidiary; TSC’s dependence on a limited number of clients for a large portion of its revenue; the potential loss of significant clients; TSC’s ability to attract new clients and sell additional work to existing clients; TSC’s ability to attract and retain employees; the rapidly changing nature of information technology services, including TSC’s ability to keep pace with technological and market changes and its ability to refine and add to existing service offerings; the lack of shareholder approved stock options available for grants by TSC to retain existing employees; and changing business, economic or market conditions and changes in competitive and other factors, all as more fully described herein and in TSC’s filings with the Securities and Exchange Commission, press releases and other communications. Forward-looking statements are not guarantees of performance. Such forward-looking statements speak only as of the date on which they are made and, except as may be otherwise required by law, TSC does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release. If TSC does update or correct one or more forward-looking statements, investors and others should not conclude that TSC will make additional updates or corrections with respect thereto or with respect to other forward-looking statements. Actual results may vary materially.
Technology Solutions Company
Timothy Rogers, 312-228-4848
Chief Financial Officer