"We achieved a phenomenal reimbursement greater than 60% of billed charges..." |
Salt Lake City, Utah - March 28, 2007 - Analysts covering the Electronic Medical Records industry have reported that in-depth studies show dedicated healthcare information technology companies are better prepared for the realities of implementing EMR systems than larger tech companies new to the game, according to online postings this week by Forbes and Business Week magazines.
AP writer, Wallace Witkowski, has written that Friedman Billings Ramsey analyst James Kumpel "likened large tech companies venturing into healthcare information technology as the Goliaths that will lose to the smaller, better-entrenched Davids of the sector."
This is a welcome finding, according to Zubin Emsley, CEO of Salt Lake City-based EMR firm ChartLogic. "The acknowledgement of the strengths of specialized
ChartLogic's research indicates that awareness and perceptions of
"It's hardly surprising that the generalist tech 'Goliaths' want a piece of the action," Emsley said. ''The bottom line, though, is that success in this market is greatly dependent on a keen understanding of what your customers need — and the newer players are finding that this insight doesn't come overnight."
Since ChartLogic's inception as an
ChartLogic Vice President of Marketing, Tim Barrett, said that the EMR market is set to boom, "history has shown that when product penetration achieves a critical mass within a medical specialty, there is a surge of market penetration as word-of-mouth begins to accelerate and the product's credibility soars."
Barrett added that "positive word-of-mouth only takes place when products are great enough to earn it. And until the "Goliaths" learn that lesson the "Davids" will lead the conversation and continue to be the providers of choice."
ChartLogic enjoys the highest levels of customer satisfaction in the industry, with a customer retention rate of more than 90 percent against an industry average of about 70 percent.
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About ChartLogic
Based in Salt Lake City, Utah, ChartLogic, Inc. (CLI) is a Healthcare Information Technology (HIT) company focused specifically on the physician practice. With its advanced technology, it is a clear leader in the Electronic Medical Records (EMR) market with about 2,000 physician licenses and 6,000 total users.
CLI has evolved beyond being "best in breed" in EMR and now provides a fully integrated, total office solution for physician practices that enables the physician practice to achieve significantly higher levels of patient care, efficiency and profitability. This total solution provides physicians with an answer to their increasing economic pressures (higher costs and lower reimbursements) and allows them to be able to return to their primary interest – the practice of medicine.
For further information please visit www.chartlogic.com
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