MINNEAPOLIS, Nov. 1 /PRNewswire/ -- ProVation Medical, Inc. and Welch Allyn, Inc. announced today a joint marketing and sales agreement involving ProVation Medical's ProVation MD/RN procedure documentation and coding compliance software platform, and Welch Allyn's ProPaq and Atlas patient monitoring product lines. The two companies initial efforts will be targeted at the gastroenterology (GI) hospital and ambulatory surgery center markets, where both companies enjoy leadership positions.
"Welch Allyn has a long history of excellence in offering state-of-the-art patient monitoring systems for GI procedure suites," says Mark T. Wagner, chief executive officer, ProVation Medical. "Their products integrate seamlessly with our ProVation MD/RN platform, providing significant benefits in streamlining clinical workflow and boosting GI departmental productivity."
"ProVation's physician and nursing documentation and coding compliance software platform is the most innovative offering in the marketplace today," says Hans Stover, President, Welch Allyn Monitoring. "Our combined product lines provide state-of-the-art technology designed to deliver clinical value and a fast economic payback. Interfacing our patient monitors with ProVation MD/RN software, so that a patient's vital sign measurements are automatically documented in the electronic procedure record, is an example of Welch Allyn's broader corporate mission to advance frontline care."
ProVation Medical's suite of physician and nurse computing solutions offer hospitals and clinics a significant return on investment (ROI) in addition to providing a significant clinical and financial competitive advantage to the clinicians who use their facilities to perform procedures. More than 2,500 clinicians currently use the company's software because its unique "anticipatory interface" is designed to complement physician and nurse thought and work processes. Hospitals that use ProVation Medical software improve their coding accuracy resulting in a 5-25 percent improvement in reimbursement for their medical procedures, eliminate transcription costs, consolidate and simplify all the major financial, clinical and administrative tasks that accompany each procedure and can increase patient throughput by at least 5 percent.
ProVation Medical, Inc., a leading healthcare software and services company, provides solutions that significantly enhance revenue and decrease costs per medical procedure by improving reimbursement coding accuracy, streamlining clinical workflow and documentation effectiveness to increase patient throughput, and reducing dictation, transcription and image printing expenses.
Operated through Welch Allyn Protocol, Inc. -- a wholly owned subsidiary of Welch Allyn, Inc. -- Welch Allyn Monitoring designs, manufactures and markets mission critical flexible monitoring solutions that improve patient care and lower healthcare operating costs. Welch Allyn Monitoring uses innovative computer software technologies to provide vital patient data and connect clinicians with mobile patients via workstations, wireless devices and the Internet.
Welch Allyn, Inc. was founded in 1915 and is today a leading manufacturer of innovative medical diagnostic equipment, patient monitoring systems, and miniature precision lamps. Headquartered in Skaneateles Falls, New York, USA, Welch Allyn employs more than 2,100 people and has numerous manufacturing, sales, and distribution facilities located throughout the world.