Neoforma Accelerates Connectivity for Hospitals and Suppliers
15 Novembre 2004 - 12:30PM
PR Newswire (US)
Neoforma Accelerates Connectivity for Hospitals and Suppliers
Customers Significantly Increase the Number of Connections
Implemented SAN JOSE, Calif., Nov. 15 /PRNewswire-FirstCall/ --
Neoforma, Inc. (NASDAQ:NEOF), a leading provider of supply chain
management solutions for the healthcare industry, continues to
build momentum around its connectivity offering for hospitals and
suppliers. Utilizing a new connectivity process launched in July
2004, Neoforma implemented 715 connections in the third quarter of
2004, more than double its average quarterly connection rate in
2003. Neoforma's innovative new connectivity process is designed to
help suppliers and hospitals easily integrate and automate many of
their supply chain business practices and accelerate the delivery
of cost-savings and value from their use of Neoforma's solutions.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030226/NEOFORMALOGO )
By increasing the number of connections between trading partners,
Neoforma streamlines purchasing activity for its hospital and
supplier customers. A connection is an electronic channel between
the enterprise resource planning system (ERP) or materials
management information system (MMIS) of a hospital or integrated
delivery network and a supplier's order processing system. One
Neoforma connection can represent multiple hospitals and,
potentially, multiple departments within each hospital. "Hospitals
and suppliers alike are looking for solutions that help accelerate
the automation of their day-to-day business processes," says Dan
Eckert, president and chief operating officer of Neoforma.
"Neoforma's innovative connectivity process addresses this need
directly by enabling our customers to more rapidly implement
electronic trading relationships." Neoforma provides supply chain
management solutions for the healthcare industry, including
building and supporting solutions for Marketplace@Novation(R), the
online healthcare supply exchange offered by Novation, the supply
company of VHA Inc. and University HealthSystem Consortium (UHC).
As Novation's strategic technology partner, Neoforma offers
connectivity services to VHA and UHC members that are transacting
through Marketplace@Novation. VHA members such as Memorial Medical
Center in Springfield, Ill., and St. Peter's Hospital in Helena,
Mont., are among the numerous VHA and UHC hospitals that have
benefited from Neoforma's streamlined connectivity process and are
seeing immediate results by rapidly and easily increasing their
number of connections. For example, Kevin Voigt, system director of
materials management at Memorial Medical Center comments, "We were
able to quickly increase the number of suppliers that we are
connected with from ten to more than 50 by participating in the new
connectivity process. By increasing our number of connections, we
have better information that results in improved data tracking and
reporting capabilities. This enables us to resolve price and order
discrepancies, resulting in fewer accounts payable and invoice
issues." St. Peter's Hospital has also been able to increase its
number of connections dramatically using Neoforma's new
connectivity process, from one supplier connection in July 2004 to
23 connections by the end of October 2004. St. Peter's Hospital
expects to have 30 connections by the end of November 2004. Through
Neoforma's connectivity process, participating suppliers, including
St. Jude Medical, Daig Division, Inc. and Edwards Lifesciences
Corporation, are able to immediately access the full benefits of
Neoforma Order Management Solution(TM) (OMS). Benefits of Neoforma
OMS include rapid connectivity to new trading partners,
connectivity maintenance services, automated order processing and
Web-based reporting tools to enable more informed decision making.
The new connectivity process provides suppliers with a compelling
option for connectivity that takes time and costs out of their
supply chain. According to Mike Zagger, vice president of corporate
accounts for St. Jude, "Due to Neoforma's new accelerated
connectivity process, St. Jude Medical's Daig business saw a
significant increase over its quarterly connection average from two
connections in the second quarter to 14 connections in the third
quarter. In addition, in the fourth quarter, we expect to continue
to build on our success and increase the number of hospitals with
which we are communicating electronically, which benefits both St.
Jude and our VHA and UHC hospital customers." About Neoforma
Neoforma is a leading supply chain management solutions provider
for the healthcare industry. Through a unique combination of
technology, information and services, Neoforma provides innovative
solutions to over 1,500 hospitals and suppliers, supporting more
than $10 billion in annualized transaction volume. By bringing
together contract information and order data, Neoforma's integrated
solution set delivers a comprehensive view of an organization's
supply chain, driving significant cost savings and better
decision-making for both hospitals and suppliers. For more
information, go to http://www.neoforma.com/ . This news release
contains forward-looking information within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. These
forward-looking statements include statements related to Neoforma's
innovative new connectivity process and how it is designed to help
suppliers and hospitals easily integrate and automate many of their
supply chain business practices and accelerate the delivery of
cost-savings and value from their use of Neoforma's solutions, the
benefits of increasing the number of connections between trading
partners, the enhanced benefits to Neoforma hospital customers from
using Neoforma's new connectivity process and using Neoforma OMS,
as well as the expected increase in connections that Neoforma
expects using its new process. There are a number of risks that
could cause actual results to differ materially from those
anticipated by these forward-looking statements. These risks
include the risk that customers may not reap the benefits
anticipated from the use of the new connectivity process and
Neoforma OMS, as well as other operational challenges that Neoforma
has faced and may continue to face in implementing its connectivity
plan. These risks and other risks are described in Neoforma's
periodic reports filed with the SEC, including its Quarterly Report
on Form 10-Q for the quarter ended September 30, 2004. These
statements are current as of the date of this release and Neoforma
assumes no obligation to update the forward-looking information
contained in this news release. Neoforma is a trademark of
Neoforma, Inc. Other Neoforma logos, product names and service
names are also trademarks of Neoforma, Inc., which may be
registered in other countries. Other product and brand names are
trademarks of their respective owners.
http://www.newscom.com/cgi-bin/prnh/20030226/NEOFORMALOGO
http://photoarchive.ap.org/ DATASOURCE: Neoforma CONTACT: Media -
Jen Reidy, +1-415-891-8300, , Investors - Amanda Mogin,
+1-408-468-4251, , both for Neoforma Web site:
http://www.neoforma.com/
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