Dbtech Blog

Healthcare Organizations Embrace DB Technology to Improve Financial and Reporting Processes

CLARK, N.J., January 16, 2008 – DB Technology today announced that several existing and new healthcare customers have signed contracts for the deployment of the company’s software in the fourth quarter of 2007. The healthcare facilities have adopted DB Technology’s automated information management and report distribution solutions to help automate business processes, improve financial and operational reporting and maximize corporate efficiency.

A leading provider of automated information management and reporting solutions, DB Technology offers a suite of products called the Report Automation System (RAS) designed to maximize revenues while at the same time decrease costs associated with the myriad of paper-oriented revenue cycle processes. RAS automatically transforms data into actionable information by capturing data from any application into a searchable database without the use of interfaces.

Some of the healthcare organizations that have selected RAS in the fourth quarter of 2007 are Harlem Hospital in New York, a member of the New York City Health and Hospital Corporation and Silver Labs of Cherry Hill, N.J., which provides reference laboratory services to nursing homes and long term care facilities. Both organizations will utilize DB Technology’s RAS platform as their solution of choice for helping to achieve maximized back end office automation.

Also partnering with DB Technology is Moses Taylor Hospital in Scranton, Pa., which has contracted with DB Technology for its RASi solution designed to automatically capture and organize valuable patient accounting and clinical information. Through the use of RASi, Moses Taylor Hospital will be now be able to take data and convert it into an easy-to-use digital format. The ability to capture critical information into a “patient folder” with the use of RAS and RASi helps healthcare facilities to optimize the management and distribution of documents in an electronic, secure and transparent manner. In addition Duke University Hospital in Durham, NC and Banner Health in Arizona and Colorado have contracted for additional functionality to their existing RAS platform.

“We are very excited to welcome our new RAS healthcare customers and pleased that our current clients are adding functionality to the RAS family of automated information management and reporting solutions,” said David Wechsler, president and CEO of DB Technology. “We are confident these organizations will realize a rapid ROI and a significant reduction in the mounds of paper traditionally produced on a daily basis”, said Wechsler.

Using RAS software and its host of customizable modules, hospitals and healthcare facilities benefit from improved revenue cycles that come with increased efficiencies in workflow automation, minimized paper trails, shortened accounting cycles, improved financial and operational reporting, streamlined operations and enhanced Health Insurance Portability and Accountability Act (HIPAA) regulatory compliance.

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