Press Release

Versus Technology, Inc. Announces Spring ’09 Release for Added Workflow Automation

 

(Traverse City, Michigan, May 28, 2009) – Maybe it’s the economy, maybe it’s government initiatives like the HITECH Act, maybe it’s that age-old adage that “there’s always room for improvement”—whatever it is: the healthcare industry is eager for solutions to enhance safety, improve patient flow and perfect communication. Versus Technology, Inc. is the only real-time location information system (RTLS) company meeting these needs.

 

Versus is focused on helping hospitals and clinics be safer and more efficient, while making the most of existing resources. It is Versus’ core competency, allowing them to continue delivering the very best Automated Workflow Solutions to the healthcare industry. The Versus Spring ’09 Release, featuring enhanced real-time interfaces and reporting mechanisms, is an extension of this commitment.

 

A recent University of Maryland study found that hospitals could save an average of $4 million annually just by making communication more effective. This includes eliminating unnecessary wait time and knowing the real-time location of patients, staff and assets. To that end, Versus’ clients are already moving in the right direction, making the most of their time and resources. To further maximize their investments, Versus clients will also appreciate the enhanced automated reporting features of Reports Plus™. 

 

The new Reports Plus workflow feature allows single or multiple users to automatically receive the same reports via email at regularly scheduled intervals (i.e., daily, weekly, monthly). These reports are available in a variety of file formats such as MS Excel and Adobe Acrobat. The automated reporting functionality allows staff to easily determine any captured parameter without having to request the report. Automated report examples include average bed turnover time during a particular shift, the number of patients who waited more than 30 minutes for discharge during the week or the number of EKGs performed in the emergency department (ED) in the last month.

 

Another method to increase efficiency for clients is to eliminate duplicated effort. With the Spring ’09 Release, Versus is providing real-time integration to Microsoft® Active Directory. This allows password/security administrators to control logins for all applications from a single point and eliminates the need to maintain login information in two separate databases, which often leads to errors when a change is made in one application, but not the other. By controlling all login information from a single system, the administrator will only need to issue login/password instructions for one system, rather than two—which removes a great deal of confusion for end users each time there is an update.

 

The Spring ’09 Release is significant to Versus’ commitment to enterprise solutions. “With the Spring ’09 release, we’ve not only given customers tools to enhance efficiency, we’ve strengthened our enterprise platform and made it easier to streamline enterprise implementations,” explains Chief Technology Officer, HT Snowday. “This upgrade helps solidify Versus in the Healthcare IT environment.”

 

Current clients and industry recognition, especially over the last year, have spurred remarkable interest in Versus’ Clinical Workflow Solutions. Versus’ clients are expanding the Versus Solution, sharing their successes with colleagues and gaining prominence with Best Practice awards like the American Hospital Association’s (AHA) Pursuit of Excellence.  Likewise, Versus, has been recognized by Frost & Sullivan for a 3rd time as the Market Leader for Healthcare RTLS and by GLIMANorthwest as a Top 12 Technology company. Versus is also exclusively endorsed by the AHA for its IR-RFID Patient Flow Solution. For more information on Versus, automating clinical workflows or the Spring ’09 Release, visit Versus at www.versustech.com.

 

 

About Versus Technology, Inc.

For nearly 20 years, Versus Technology, Inc. has maintained the leadership position in the development and sale of context-aware real-time location systems (RTLS) used for enterprise patient tracking, bed management and asset tracking to improve patient flow and caregiver/patient communications in hospitals, clinics and long-term care facilities. Versus also develops dual infrared and Active RFID tags and other location tracking hardware to make locating systems more precise, security systems more intelligent, nurse call systems automatic, and hospital asset tracking systems more efficient. Indoor positioning through Versus’ RTLS enhances existing hospital software and patient care systems with real-time, reliable bed-level location information. The patented Versus IR and Active RFID patient and asset tracking system is exclusively endorsed by the American Hospital Association and is a key component of their Patient Flow Platform—which includes a select group of vendors that provide proven solutions to enhance patient flow and improve patient safety. (www.versustech.com; Pink Sheets: VSTI.PK)

 

Safe Harbor Provision

This document may contain forward-looking statements relating to future events, such as the development of new products, the commencement of production, or the future financial performance of the Company. These statements fall within the meaning of forward-looking information as defined in the Private Securities Litigation Reform Act of 1995. These statements are subject to a number of important risks and uncertainties that could cause actual results to differ materially including, but not limited to, economic, competitive, governmental, and technological factors affecting the Company’s markets and market growth rates, products and their rate of commercialization, services, prices and adequacy of financing, and other factors. The Company undertakes no obligation to update, amend, or clarify forward-looking statements, whether because of new information, future events, or otherwise.

 

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Media Contact:                                                           Investor/Analyst Contact:

Versus Technology, Inc.                                                Versus Technology, Inc.           

Stephanie Bertschy, Director of Marketing                       Joseph Winowiecki, Chief Financial Officer

877.983.7787                                                                231.946.5868

skb@versustech.com                                                    joew@versustech.com