SAN FERNANDO, CA--(Marketwire - September 22, 2009) - Precision Dynamics-TimeMed, the global
leader in healthcare identification solutions, announced today that it has
been awarded a combined contract for healthcare wristbands and labels by
MedAssets, one of the nation's largest group purchasing organizations
MedAssets provides innovative solutions for healthcare providers to improve
their margins and cash flow. The organization awards vendor contracts based
on extensive criteria including product quality and customer service. The
terms of the contract make Precision Dynamics-TimeMed's full product
offering immediately available to MedAssets' hospital and IDN GPO customers
through December 31, 2012 under Contract MS01059.
After merging in November 2008, Precision Dynamics and TimeMed together
offer hospitals the widest combination of wristband and labeling systems
that enhance all critical hospital functions, from Admissions to discharge.
"As a partner with MedAssets for 8 years, we are excited to continue our
collaboration to help hospitals reduce medical errors through positive
identification, while streamlining and simplifying operations," said Gary
Hutchinson, President and CEO of Precision Dynamics-TimeMed. "We're proud
that our products meet the rigorous requirements of MedAssets to help
customers meet patient safety goals and guidelines identified by The Joint
Commission, World Healthcare Organization, and FDA, which distinguishes our
quality solutions. We look forward to continuing our mutually productive
relationship with MedAssets."
For more information about Precision Dynamics-TimeMed wristband and label
800-772-1122 or visit www.pdc-timemed.com.
About Precision Dynamics-TimeMed... Your Partner in Patient Safety™
Precision Dynamics-TimeMed offers hospitals the widest selection of
wristband and labeling systems that enhance all critical department
functions, including Admissions, Nursing, Medication & Drug Delivery,
Transfusion, Laboratory, Pharmacy, IT, and Surgical Procedures.
Precision Dynamics and TimeMed have more than 100 years of combined
experience in developing innovative and reliable products that meet
important guidelines of the Joint Commission, World Healthcare
Organization, FDA, AHA, and HIPAA. As the developer of the first
single-piece patient wristband, the first bar code wristband system, and
the first Smart Band® RFID wristband system, Precision Dynamics-TimeMed
solutions are an integral part of some of the most successful patient
safety initiatives. For more information, visit www.pdc-timemed.com.
MedAssets (NASDAQ: MDAS) partners with healthcare providers to improve
their financial strength by implementing spend management and revenue cycle
solutions that help control cost, improve margins and cash flow, increase
regulatory compliance, and optimize operational efficiency. MedAssets
serves more than 125 health systems, 3,300 hospitals, and 30,000 non-acute
care healthcare providers.
Precision Dynamics-TimeMed product names, company names, marks, logos and
symbols mentioned herein are trademarks or registered trademarks of
Precision Dynamics Corporation. All other product names, company names,
marks, logos and symbols mentioned herein are trademarks of their