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Tuesday, March 02, 2010 8:36:49 AM
ZANE - .26 Nice PR, and the stock has sold off in the last three days, so this looks like a good entry point.
03/02 07:15 CST
Zanett, Inc. Jointly Develops Healthcare Software Package; 3 Installed
Hospitals Completed, Rollout Planned for Further 8 Sites; Abundant Federal
Stimulus Funding AvailablePR Newswire
NEW YORK, March 2
NEW YORK, March 2 /PRNewswire-FirstCall/ -- Zanett Healthcare (Nasdaq: ZANE)
today announced that is has jointly developed a CODS software package (Clinical
Online Delivery System) to support standardized, evidence-based order sets at
the point of care, arming doctors and clinicians with critical information to
improve medication safety and patient care. With this solution, physicians and
nurses will be able to spend more time with patients and less time on the
charting required of them in creating paper records.
CODS was developed for hospitals who are as yet without a fully deployed
electronic medical record system, as it serves as a "bridge" strategy to CPOE
(Computerized Physician Order Entry). It is a quick value, low risk solution
for those health organizations in the early stages of a 2-5 year implementation
of their CPOE and EHR system.
The CODS software package performs three main functions:
* Allows the hospital to set up, maintain and update standardized
order-sets centrally and conveniently for the entire hospital system.
* Allows physicians and other prescribers to use these up-to-date order
sets from any internet connected computer, either at the office or at home, and
prescribe medications and tests in an easy-to-use point-and-click manner
without the disruption to workflow that a full EMR would cause.
* Allows management to evaluate prescribing patterns in their hospitals
and update according to the latest guidelines and local practices.
Dennis Harkins, Zanett's President was recently quoted, "Three sites in a
major heath provider's network are completed. We have a rollout plan for
another 8 locations in process; furthermore, we have a dozen prospective
clients with whom we are in active discussions, many of which we are on track
to close within the next 90 days."
CODS allows providers to apply clinical decision support at the point of
care, laying the foundation for demonstrating "meaningful use" of technology in
the future, as outlined for obtaining federal stimulus funds established in the
American Recovery and Reinvestment Act of 2009 (ARRA). Additional indirect
benefits include the necessary change management required for physicians to
fully adopt a future CPOE and will serve as a capable downtime solution once
the CPOE has been fully implemented.
About Zanett, Inc.
Zanett (Nasdaq: ZANE) is a leading business process outsourcing (BPO), IT
enabled services (ITES), and information technology (IT) consulting firm
serving Fortune 500 corporations and mid-market organizations in Healthcare,
Life Sciences, Manufacturing & Distribution, Retail, Gaming & Hospitality, and
State & Local Government.
Zanett helps organizations align business objectives with outsourced
technology-enabled services to create Real Enterprise Value. We serve the
Fortune 500 and mid-market organizations in Healthcare, Life Sciences,
Manufacturing & Distribution, Retail, Gaming & Hospitality, and State & Local
Government with solutions ranging from business consulting as well as custom
business solutions that integrate and implement Oracle's full suite of product
offerings Oracle, JD Edwards, PeopleSoft, Seibel, including infrastructure
technology and managed services together with associated Oracle Fusion
technologies. Zanett employs over 225 professionals in North America and Asia
with offices in Atlanta, Boston, Cincinnati, Indianapolis, Jacksonville, New
York City, North Palm Beach, and Manila. For more information please visit
http://www.zanett.com/ or http://healthcare.zanett.com/.
Certain statements in this news release regarding projected results of
operations, or, projected results of financial plans or future strategies and
initiatives, including, but not limited to, projections of revenue, projections
of profitability, any and all future expectation, and plans for future
activities may and should be regarded as "forward-looking statements'' within
the meaning of the Securities Litigation Reform Act. These statements involve,
among other things, known and unknown risks, uncertainties and other factors
that may cause Zanett, Inc.'s actual results, levels of activity, performance
or achievements to be materially different from any future results, levels of
activity, performance or achievements expressed or implied by such
forward-looking statements. Zanett currently is considering, but in reality may
or may not in the future implement any or all of the items and issues listed in
any planned budget or strategic initiative, due to, among other things, known
and unknown risks, uncertainties and other factors.
Circumstances do change, and if and when the landscape changes, Zanett shall
endeavor to remain as flexible as possible, and adjust its strategy
accordingly. Zanett, Inc. undertakes no obligation to publicly update or revise
any forward-looking statements, whether as a result of new information, future
events, change in strategy, or otherwise. The aforementioned listing of risks
and uncertainties is not inclusive. For a more detailed discussion of some, but
not all, of the risks and uncertainties that may affect Zanett, Inc., see
Zanett, Inc.'s filings with the Securities and Exchange Commission.
Neither Zanett, Inc. nor Zanett Oracle Solutions is a part of, a division
of, nor a subsidiary of, nor in any other manner connected with Oracle
Corporation, and no implication is made whatsoever to suggest as such.
For more information please contact:
Brad Gillespie
Vice President, Marketing
Zanett, Inc.
(404) 849-7091
Brad.Gillespie@zanett.com
SOURCE Zanett, Inc.
(TS:ZANE;)
03/02 07:15 CST
Zanett, Inc. Jointly Develops Healthcare Software Package; 3 Installed
Hospitals Completed, Rollout Planned for Further 8 Sites; Abundant Federal
Stimulus Funding AvailablePR Newswire
NEW YORK, March 2
NEW YORK, March 2 /PRNewswire-FirstCall/ -- Zanett Healthcare (Nasdaq: ZANE)
today announced that is has jointly developed a CODS software package (Clinical
Online Delivery System) to support standardized, evidence-based order sets at
the point of care, arming doctors and clinicians with critical information to
improve medication safety and patient care. With this solution, physicians and
nurses will be able to spend more time with patients and less time on the
charting required of them in creating paper records.
CODS was developed for hospitals who are as yet without a fully deployed
electronic medical record system, as it serves as a "bridge" strategy to CPOE
(Computerized Physician Order Entry). It is a quick value, low risk solution
for those health organizations in the early stages of a 2-5 year implementation
of their CPOE and EHR system.
The CODS software package performs three main functions:
* Allows the hospital to set up, maintain and update standardized
order-sets centrally and conveniently for the entire hospital system.
* Allows physicians and other prescribers to use these up-to-date order
sets from any internet connected computer, either at the office or at home, and
prescribe medications and tests in an easy-to-use point-and-click manner
without the disruption to workflow that a full EMR would cause.
* Allows management to evaluate prescribing patterns in their hospitals
and update according to the latest guidelines and local practices.
Dennis Harkins, Zanett's President was recently quoted, "Three sites in a
major heath provider's network are completed. We have a rollout plan for
another 8 locations in process; furthermore, we have a dozen prospective
clients with whom we are in active discussions, many of which we are on track
to close within the next 90 days."
CODS allows providers to apply clinical decision support at the point of
care, laying the foundation for demonstrating "meaningful use" of technology in
the future, as outlined for obtaining federal stimulus funds established in the
American Recovery and Reinvestment Act of 2009 (ARRA). Additional indirect
benefits include the necessary change management required for physicians to
fully adopt a future CPOE and will serve as a capable downtime solution once
the CPOE has been fully implemented.
About Zanett, Inc.
Zanett (Nasdaq: ZANE) is a leading business process outsourcing (BPO), IT
enabled services (ITES), and information technology (IT) consulting firm
serving Fortune 500 corporations and mid-market organizations in Healthcare,
Life Sciences, Manufacturing & Distribution, Retail, Gaming & Hospitality, and
State & Local Government.
Zanett helps organizations align business objectives with outsourced
technology-enabled services to create Real Enterprise Value. We serve the
Fortune 500 and mid-market organizations in Healthcare, Life Sciences,
Manufacturing & Distribution, Retail, Gaming & Hospitality, and State & Local
Government with solutions ranging from business consulting as well as custom
business solutions that integrate and implement Oracle's full suite of product
offerings Oracle, JD Edwards, PeopleSoft, Seibel, including infrastructure
technology and managed services together with associated Oracle Fusion
technologies. Zanett employs over 225 professionals in North America and Asia
with offices in Atlanta, Boston, Cincinnati, Indianapolis, Jacksonville, New
York City, North Palm Beach, and Manila. For more information please visit
http://www.zanett.com/ or http://healthcare.zanett.com/.
Certain statements in this news release regarding projected results of
operations, or, projected results of financial plans or future strategies and
initiatives, including, but not limited to, projections of revenue, projections
of profitability, any and all future expectation, and plans for future
activities may and should be regarded as "forward-looking statements'' within
the meaning of the Securities Litigation Reform Act. These statements involve,
among other things, known and unknown risks, uncertainties and other factors
that may cause Zanett, Inc.'s actual results, levels of activity, performance
or achievements to be materially different from any future results, levels of
activity, performance or achievements expressed or implied by such
forward-looking statements. Zanett currently is considering, but in reality may
or may not in the future implement any or all of the items and issues listed in
any planned budget or strategic initiative, due to, among other things, known
and unknown risks, uncertainties and other factors.
Circumstances do change, and if and when the landscape changes, Zanett shall
endeavor to remain as flexible as possible, and adjust its strategy
accordingly. Zanett, Inc. undertakes no obligation to publicly update or revise
any forward-looking statements, whether as a result of new information, future
events, change in strategy, or otherwise. The aforementioned listing of risks
and uncertainties is not inclusive. For a more detailed discussion of some, but
not all, of the risks and uncertainties that may affect Zanett, Inc., see
Zanett, Inc.'s filings with the Securities and Exchange Commission.
Neither Zanett, Inc. nor Zanett Oracle Solutions is a part of, a division
of, nor a subsidiary of, nor in any other manner connected with Oracle
Corporation, and no implication is made whatsoever to suggest as such.
For more information please contact:
Brad Gillespie
Vice President, Marketing
Zanett, Inc.
(404) 849-7091
Brad.Gillespie@zanett.com
SOURCE Zanett, Inc.
(TS:ZANE;)
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