Press Releases

Versus Awarded Novation Contract for RTLS Workflow Solutions

(Traverse City, Michigan, March 9, 2015) — Versus Technology, Inc. today announces that it has been awarded a new agreement through Novation’s Information Technology Program to provide Real-time Locating System (RTLS) workflow solutions to the more than 100,000 members and affiliates served by Novation.

Versus recognizes that operational efficiency is more important than ever before in today’s healthcare climate. This new agreement brings the benefits of Versus Technology’s complete line of RTLS locating and workflow solutions to the members and affiliates of VHA, UHC, Children’s Hospital Association and Provista, Inc. served by Novation.

“Organizations are struggling to manage higher patient volumes, lower reimbursements, increases in infectious diseases, and added regulatory requirements,” states Dave Weeden, Director of Channel Development for Versus. “Our technology helps facilities large and small meet these challenges.”

Versus’ RTLS, combined with a powerful workflow engine, optimizes and automates clinical workflows utilizing location information for patients, staff and assets. The result is immediate situational awareness, improved efficiency, safer environments and positive outcomes.

“Our clients have doubled patient volumes, cut wait times by 30 percent, contained exposure to infectious patients and improved equipment utilization to save millions on the bottom line,” Weeden notes.

Novation, a VHA and UHC Company, drives the success of the member hospitals it serves by combining aggressive supply cost management, deep industry expertise and world-class intelligence. The company supports a high-integrity, competitive contracting process that is designed to meet the needs of the members it serves. The majority of Novation’s procurements are conducted following the guidelines of the American Bar Association Model Procurement Code (the ABA Code).

About Novation
Novation is the nation’s leading health care services company, focused on revolutionizing operational performance for more than 100,000 members and affiliates of VHA Inc., UHC, Children’s Hospital Association and Provista LLC. Novation’s progressive approach to cost performance, data and intelligence, and integrated advisory solutions helps health care providers envision and advance new models of cost-effective, high-quality care. Headquartered in Irving, Texas, Novation is committed to the highest standards of ethical behavior and twice has been honored with the Ethisphere Institute’s coveted Ethics Inside® Certification, and has been named three years consecutively to Ethisphere’s World’s Most Ethical Companies list. To learn more about Novation, please visit novationco.com and follow @NovationNews on Twitter.

About Versus Technology, Inc.
Established in 1988, Versus Technology, Inc. specializes in Real-time Locating Systems (RTLS) for healthcare. Used by more than 700 hospitals for enterprise patient tracking, bed management, asset tracking, and nurse call automation, Versus improves patient flow and documentation of caregiver and patient interactions, while enhancing communication and efficiency. The Versus infrared (IR) and Active RFID solution is responsible for clinical-grade location and automation at hospitals, clinics and long-term care facilities worldwide. To learn more about Versus Technology, Inc., our technology and client successes, visit versustech.com.

Safe Harbor Provision
This release may include forward-looking statements which “bespeak caution,” and which are subject to risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.  The statements are made only as of the date of this release, and the Company undertakes no obligation to update them to reflect subsequent events or circumstances.

Media Contact
Stephanie Bertschy
Director of Marketing
Versus Technology, Inc.
877.983.7787
skb@versustech.com
Investor/Analyst Contact
Joseph Winowiecki
Chief Financial Officer
Versus Technology, Inc.
231.946.5868
joew@versustech.com

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