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Transcend Unveils BeyondAlertsa" to Provide Real-time Monitoring of Clinical Quality Measures

^{Published on 2010-09-20 15:50:22 - Market Wire}
 

ATLANTA--([ BUSINESS WIRE ])--TRANSCEND SERVICES, INC. (NASDAQ: TRCR) today unveiled BeyondAlertsa" powered by Speech Understanding technology by M*Modal, a powerful and intelligent application that enables the extraction of meaningful clinical data from the transcribed narrative. Utilizing the structured, searchable transcribed data within Transcenda™s BeyondTXT platform, BeyondAlerts flags predetermined keyword patterns in the transcribed document and triggers medical alerts to caregivers or the quality team when they occur. The data can then be tracked as part of the patienta™s electronic medical record.

"Working closely with Transcend for six years, our goal is to provide technology that not only offers something new to the market, but provides a solution that is necessary and relevant now and in the future of healthcare"

Susan McGrogan, Transcend President and Chief Operating Officer said, aBeyondAlerts highlights Transcenda™s commitment to the future of clinical documentation. We are taking advantage of the XML-tagged structured data from the narrative content and giving providers a tool they can use to meet clinical quality/core measures. We believe that robust narrative content should and will continue to be an important component of medical records.a

aWorking closely with Transcend for six years, our goal is to provide technology that not only offers something new to the market, but provides a solution that is necessary and relevant now and in the future of healthcare,a said Michael Finke, CEO and founder of M*Modal. aBy offering sophisticated speech technology as part of the BeyondAlertsa" application, end-users will be armed with powerful tools that result in complete and accessible clinical documentation.a

BeyondAlerts is a data-mining engine that works within BeyondTXTa", Transcenda™s flagship transcription platform. It enhances patient care by bringing the physiciana™s valuable diagnoses, medications, and orders to clinicians at the point of care. Real-time access to the narrative record results in more efficient physician queries and could improve coding accuracy, which would in turn lead more accurate charge capture. BeyondAlerts also provides clinical information and documentation for the hospitala™s quality team to utilize in evaluating clinical performance against core measure standards and improve patient care.

Transcenda™s Chief Medical Officer, Cherise Tasker, M.D., states, aBeyondAlerts brings quantifiable value to the healthcare documentation process by allowing structured narrative data mining. It is a critical component to a complete and meaningful electronic health record. BeyondAlerts works with real medical language to meet regulatory agency requirements without requiring a fundamental change to current clinical documentation processes.a

About Transcend Services, Inc.

Transcend Services is a leading provider of clinical documentation solutions for healthcare organizations. The companya™s high-quality transcription services a" along with leading data extraction and reporting tools a" provide critical data needed to document patient encounters and help drive clinical decision making. Transcend provides clients with exceptional quality, turnaround time and service so that they can focus on what matters most a" their patients. For more information, visit [ www.transcendservices.com ].

About M*Modal

M*Modal, the market leader in advanced Speech Understanding technology, combines industry leading technology and clinical documentation services to produce highly accurate, structured, encoded and shareable medical documents to facilitate the use and adoptability of electronic health records. More than 800 healthcare organizations nationwide utilize M*Modala™s solutions to increase patient safety and promote continuity of patient care. For more information, please visit [ www.mmodal.com ].

Safe Harbor Statement

This press release contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, that represent our expectations, anticipations or beliefs about future events, including our operating results, financial condition, liquidity, expenditures, andcompliance with legal and regulatory requirements. For this purpose, any statements that are not statements of historical fact may be deemed to be forward-looking statements. These statements involve risks and uncertainties that could cause actual results to differ materially depending on a variety of important factors. Factors that might cause or contribute to such differences include, but are not limited to, competitive pressures, extraordinary expenses, loss of significant customers, the mix of revenue, changes in pricing policies, delays in revenue recognition, challenges encountered in integrating acquired businesses, increased regulatory burdens, lower-than-expected demand for the Company's products and services, failure to expand customer relationships or realize revenues from sales closed in the current quarter, the Companya™s position for growth, delays in the development of the Companya™s transcription platform, business conditions in the integrated health care delivery network market, adverse general economic conditions, and the risk factors detailed in our periodic, quarterly and annual reports on Forms 8-K, 10-Q and 10-K that we file with the Securities Exchange Commission ("SEC") from time to time. With respect to such forward-looking statements, we claim protection under the Private Securities Litigation Reform Act of 1995. Our SEC filings are available from us, and also may be examined at public reference facilities maintained by the SEC or, to the extent filed via EDGAR, accessed through the website of the SEC ([ http://www.sec.gov ]). In addition, factors that we are not currently aware of could harm our future operating results. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. We undertake no obligation to make any revisions to the forward-looking statements or to reflect events or circumstances after the date of this press release.

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