Company Announces Two-Year Agreement With Leading Health System
DALLAS, April 23 /PRNewswire-FirstCall/ -- SOURCECORP (Nasdaq: SRCP), a
leading provider of business process solutions, announced today that it has
been awarded a two-year contract with a leading Midwest health system to
provide medical information management services. SOURCECORP will provide
these additional outsourcing services to complement its recently awarded
contract to provide medical record imaging services for the system announced
last November.
SOURCECORP will outsource the health system's patient medical records
management in a hosted environment through its FASTRIEVE electronic repository
service. SOURCECORP currently converts the hard-copy medical documents to
digital formats and indexes the electronic records onsite. These electronic
records will be uploaded to SOURCECORP's repository, which will be linked into
the healthcare provider's HIS system in a secure, HIPAA compliant
environment. SOURCECORP's services include the integration services to
complete the network connectivity that will facilitate making the information
accessible throughout the healthcare provider's hospitals, clinics and
outpatient centers, which handle 2.5 million patient visits annually.
"We are very pleased to have this opportunity to expand our work with this
leading healthcare provider," said Kerry Walbridge, division president
for SOURCECORP's Information Management business. "In this
engagement, SOURCECORP's document processing and information management
services will provide an expandable, web-based solution implemented in a
fraction of the time needed to implement an in-house solution and we believe
at considerably less cost. The net result assists our client to achieve
greater efficiencies, reduced operating costs and continued excellence in
patient care for which they are known."
Ed H. Bowman, Jr., president and chief executive officer of SOURCECORP,
added, "This new engagement is a great example of our goal to expand services
we provide to existing customers while continuing to increase our base of
long-term, recurring revenues. Our outsourcing solutions enable SOURCECORP to
coordinate all, or part, of an entire information management process as a
single point of accountability to provide a cost-effective, accurate and
flexible solution for our customers."
ABOUT SOURCECORP(TM)
SOURCECORP, Incorporated is a leading provider of value-added business
process solutions to clients nationwide. SOURCECORP targets information
driven industry segments, such as healthcare, legal, financial services and
government, leveraging its expertise and experience in business processes.
Headquartered in Dallas, the Company employs approximately 9,000 people and
operates in over 40 states, Washington D.C., Puerto Rico, and Mexico.
SOURCECORP is a component of both the S&P SmallCap 600 Index and the
Russell 2000 Index. In June 2001, the Company was cited among the Top 100 Hot
Growth Companies by BusinessWeek magazine. SOURCECORP has previously been
recognized twice by Forbes magazine as one of the 200 Best Small Companies,
based on return equity, sales growth, and EPS growth, and by FORTUNE magazine
as one of America's 100 Fastest Growing Public Companies. For more
information about SOURCECORP's solutions, including case study examples, visit
the SOURCECORP website at http://www.srcp.com .
The statements in this press release, which are not historical fact, are
forward-looking statements that involve risks and uncertainties, which could
cause actual results to differ materially from such forward-looking
statements. These forward-looking statements include, but are not limited to,
any financial estimates and projections included in this press release and the
Company disclaims any intention or obligation to update or revise such
estimates or forecasts, except as required by law. The aforementioned risks
and uncertainties include, but are not limited to, the risks of integrating
our operating companies, of managing our rapid growth, of the timing and
magnitude of technological advances, of the occurrences of future events that
could diminish our existing customers' needs for our services, of a change in
the degree to which companies continue to outsource business processes, as
well as the risks detailed in SOURCECORP's filings with the Securities and
Exchange Commission, including without limitation, those detailed under the
heading "Risk Factors" in the company's most recent annual report on Form
10-K. SOURCECORP disclaims any intention or obligation to revise any
forward-looking statements, including financial estimates, whether as a result
of new information, future events, or otherwise, except as required by law.
SOURCE SOURCECORP, Incorporated
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Related links:
http://www.srcp.com
Company News On-Call:
http://www.prnewswire.com/comp/117986.html
CONTACT:
Lon Baugh of SOURCECORP, Incorporated,
+1-214-740-6683
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