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PPRG.OB HIMSS predicts $14.4 Billion in Hospital IT Spending over next 5 years
June 17, 2009
A healthcare industry association projects that hospitals will spend more than $14 billion on information technology systems during the next five years, but it said capital outlays will remain relatively flat until stimulus-related funding kicks in.
The Healthcare Information and Management Systems Society (HIMSS) discussed hospital spending trends June 16, based on the group’s tracking of more than 5,000 U.S. hospitals. HIMSS pegged hospital outlays, impacted by the American Recovery and Reinvestment Act, at $14.4 billion through 2014. Expenditures on systems such as electronic medical records, computerized practitioner order entry and clinical decision support is expected to hit $1.7 billion this year.
Mike Davis, executive vice president of HIMSS Analytics, suggested hospitals face a constrained funding environment in the near term. He said banks are still not lending to the hospitals he’s encountered, including those that have submitted business plans based on ARRA. In addition, hospital endowment funds, a source of funding for capital acquisitions, have lost 20 percent to 30 percent of their value in some cases, he said.
For the rest of this article please see the govhealthit.com website here.
Tagged as: HIMSS

Read more: http://emrdailynews.com/2009/06/17/himss-predicts-14-4-billion-in-hospital-it-spending-over-next-5-years/#ixzz0hllbW5KM
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WHAT PPRG DOES--->>>

Patient Portal Technologies, Inc., through its operating subsidiaries Patient Portal Connect, Inc. (PPC) and TB&A Hospital Television, Inc. (TB&A), provides patient centric nonmedical services, which improves hospital financial performance. The Company’s products and services are delivered over the Company’s technology platform. The platform is used by the Company as the delivery system for its services. The Company uses the technology to create a communication portal that allows the third parties to communicate and exchange information. The products and services of the Company include HealthCast Patient Network System (HealthCast), MedEx Home Delivery (MedEx), Instant Response Line and Quick Pulse Surveys. In March 2007, the Company completed the acquisition of 9% interest in Omnicast, Inc
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RECENT EVENTS---->

Patient Portal Technologies Inc: Key Developments
View:
Patient Portal Technologies, Inc. Finalizes Sale of Equipment Business Unit
January 12, 2010
Patient Portal Technologies, Inc. announced that it closed on January 8, the sale of its hospital equipment business unit to a former executive of the Company, Tom Brunskole, for $820,000. The transaction included the sale of the name TB&A as well as certain inventory and hospital equipment purchase contracts. The sale price included cash as well as the assumption of certain debt and obligations of the Company. As part of the transaction both companies will continue to share space and facilities in Amherst New York. Patient Portal also executed a joint marketing services agreement which will allow the Company to continue to provide hospital television equipment to its customers under favorable market terms and it is retaining its technical support capabilities.
Patient Portal Technologies, Inc. Announces Award Of Five Year Contract Extension With Crozer Chester Medical Center
January 8, 2010
Patient Portal Technologies, Inc. announced that it has been awarded a contract extension from Crozer-Chester Medical Center to provide its Total Satisfaction Service Program including bedside education and entertainment systems, patient bedside communications systems, and related patient support services. Part of the five-hospital Crozer-Keystone Health System, Crozer-Chester Medical Center (Crozer) is a 371-bed not-for-profit tertiary care teaching hospital.
Patient Portal Technologies, Inc. Announces Award Of Five Year Contract Extension With Delaware County Memorial Hospital
January 7, 2010
Patient Portal Technologies, Inc. announced that it has been awarded a contract extension from Delaware County Memorial Hospital to provide its Total Satisfaction Service Program, including bedside education and entertainment services, patient bedside communications systems, and related patient support services.
Patient Portal Technologies, Inc. Announces New Multi Year Contract With Taylor Hospital
November 17, 2009
Patient Portal Technologies, Inc. announced that it has been awarded a five-year, million dollar plus contract from Crozer-Chester Medical Center, on behalf of its Taylor Hospital division, to provide a full range of its patient satisfaction services. Included in the service offering is management of the television and phone system, providing HealthCast, the bedside patient education platform and Instant Response, a patient response tool for non medical support.
Patient Portal Technologies, Inc. Comments On Q4 2009 and FY 2010 Earnings Guidance
November 3, 2009
Patient Portal Technologies, Inc. announced that it for the fourth quarter of 2009, it anticipates profit to continue to grow throughout the fourth quarter of 2009 and into fiscal 2010.
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RECENT 8-K--->>>

Form 8-K for PATIENT PORTAL TECHNOLOGIES, INC.
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12-Jan-2010
Other Events, Financial Statements and Exhibits

Item 8.01 Other Events. On January 8, 2010, the Company closed on the sale of
its hospital television equipment business to a former executive for $820,000. The consideration consisted of cash and the assumption of certain Company liabilities.
The transaction included the sale of the name TB&A as well as certain inventory and hospital equipment purchase contracts. The sale is expected to have an ongoing favorable impact on the Company's future operating profits.
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From 3rd qtr release-
OVERALL
Business activity and acceptance of new products, HealthCast, Quick Pulse Surveys and our other information based services continues to be strong into the fourth quarter. Sales from equipment are also trending stronger than the first six months of the year. The Company continues to improve its internal business processes utilizing its technology and anticipates profit to continue to grow throughout the remainder of 2009 and into 2010. Company CEO, Kevin Kelly, commented, "We are pleased with the demand for our new patient based services as well as the continued improvements being made in our internal operating systems." He added, "Our unique approach to delivering and servicing our customers' needs is resulting in a building demand for our services. We believe that growth in service revenue and profits will continue into 2010 and we continue to be confident in our ability to gain market share in this area."
Patient Portal Technologies, Inc. assists hospitals in increasing financial performance by providing services that improve and enhance the patients experience before, during and after their hospital stay. The company provides its products and solutions to hospitals and healthcare facilities throughout the entire United States
To view the website and obtain Company information go to http://www.patientportal.com.
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From their www site-


Patient Portal Advantage

We’ve developed the first interactive support platform with instant delivery of information, products, and services.

Our services enhance what hospitals do for patients in a full continuum of care.

We fulfill all service and product needs before, during, and after a hospital stay.

We have targeted access to millions of patient and their families.
Competitive Advantage
The key-competitive advantage of the Patent Portal platform is that it requires minimal capital, can integrate with legacy systems, has a low per patient cost, and can be installed with minimal physical modification to the facilities. These factors eliminate all of the barriers to adoption that healthcare facilities typically face.
Essentially, our timing is perfect. Since rolling out this solution in late 2007, every presentation has resulted in either a signed contract or a request for proposal with an indication of moving forward with the relationship.
By focusing solely on the healthcare market, Patient Portal has built a delivery platform that is flexible enough to add new services as the market demands and customized enough to make sense to healthcare facilities challenged with discerning the best use of every dollar for maximum impact in a competitive market.