Recently named a Hospital of Choice by
the American Alliance of Healthcare Providers for its commitment to
compassionate, high-quality care, Union
Hospital in Terre Haute, IN expanded on this commitment by deploying
enterprise asset tracking from Versus Technology, Inc. The Versus highly
accurate Asset Management
Solution helps Union Hospital to better manage equipment resources,
including maintenance, storage and deployment.
Safe Harbor ProvisionAbout Versus Technology, Inc.Paul Timmerman, Versus' VP notes, "Union understands the value and benefits
that result from real-time locating systems and has chosen to begin
accumulating time and cost savings in relation to asset tracking. With the
Versus solution in place, the hospital can easily extend accurate locating
to patients and staff when and where needed."For nearly 20 years, Versus Technology, Inc. has maintained the leadership
position in the development and sale of context-aware real-time location
systems ( RTLS ) used for
enterprise patient tracking, bed management and asset tracking to improve patient flow and
caregiver/patient communications in hospitals, clinics and long-term care
facilities. Versus also develops dual infrared and Active RFID tags and
other location tracking hardware to make locating systems more precise,
security systems more intelligent, nurse call systems automatic, and
hospital asset tracking systems more efficient. Indoor positioning through
Versus' RTLS enhances existing hospital software and patient care systems
with real-time, reliable bed-level location information. The patented
Versus IR and Active RFID patient and asset tracking system is exclusively endorsed by the American
Hospital Association and is a key component of their Patient Flow Platform
-- which includes a select group of vendors that provide proven solutions
to enhance patient flow and improve patient safety. ( www.versustech.com )
(PINKSHEETS: VSTI)For nearly 20 years, the Versus real-time locating
system (RTLS) has helped similar hospitals solve the all-too-common
dilemmas stemming from not being able to find equipment. When equipment
isn't tracked, nurses worry that it may not be available when they need it,
so they hide it in a storage closet. Other times, certain pieces of
equipment are in near-constant use (making it hard to service the
equipment), while another piece sits forgotten in a storage closet.Media Contact: Versus Technology, Inc. Stephanie Bertschy Director of Marketing 877.983.7787 Email Contact Investor/Analyst Contact: Versus Technology, Inc. Joseph Winowiecki Chief Financial Officer 231.946.5868 Email ContactIn this economic environment, where hospitals are being told that they'll
have to cut $2.6 million per year for the next 10 years,
it's important to know that Versus offers a solution to recoup time and
money, while increasing communication and productivity and reducing health
safety risks.
In fact, the Versus solution has already assisted Union Hospital in
providing safe patient care by reporting the location of their spot vital
machines, many of which were recently recalled. With a simple Versus
report, Union Hospital located all recalled units, leaving the service
representative for the spot vital machines wishing all hospitals had the
Versus asset tracking solution.Real-time asset tracking eliminates the need to hoard equipment by making
it easy to locate equipment when it is needed. Additionally, knowing
equipment utilization rates allows hospitals to study rental, purchasing
and equipment allotment needs. By monitoring equipment locations, service
schedules (e.g. preventative maintenance and warranty expirations) as well
as resource requirements throughout the facility rather than on a
unit-by-unit basis, hospitals are able to reduce excess and create
equipment sharing models.About Union HospitalUnion Hospital was founded in 1892 as a 20-bed facility. Today, the 343-bed
hospital is a regional referral center, serving patients in west-central
Indiana and east-central Illinois with its Terre Haute location, Union
Hospital Clinton, and a large network of physicians and health clinics.
Union Hospital is the provider of choice for Wabash Valley residents and
consistently receives excellent marks for high quality care and technology.
Services of Union Hospital are available to everyone in the Wabash Valley,
regardless of ability to pay. The area's largest not-for-profit medical
center, the hospital is committed to providing high quality compassionate
care to all.This document may contain forward-looking statements relating to future
events, such as the development of new products, the commencement of
production, or the future financial performance of the Company. These
statements fall within the meaning of forward-looking information as
defined in the Private Securities Litigation Reform Act of 1995. These
statements are subject to a number of important risks and uncertainties
that could cause actual results to differ materially including, but not
limited to, economic, competitive, governmental, and technological factors
affecting the Company's markets and market growth rates, products and their
rate of commercialization, services, prices and adequacy of financing, and
other factors. The Company undertakes no obligation to update, amend, or
clarify forward-looking statements, whether because of new information,
future events, or otherwise.
Media Contact: Versus Technology, Inc. Stephanie Bertschy Director of Marketing 877.983.7787 Email Contact Investor/Analyst Contact: Versus Technology, Inc. Joseph Winowiecki Chief Financial Officer 231.946.5868 Email Contact
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