PLANO, Texas, Dec. 19 /PRNewswire-FirstCall/ -- Perot Systems Corporation today announced a ten-year agreement with Howard University to provide information technology (IT) and revenue cycle outsourcing (RCO) services to the University's Faculty Practice Plan physicians.
As part of this relationship, Perot Systems will fund, implement, and operate the full suite of Allscripts' TouchWorks(TM) electronic medical record (EMR) for the Plan's physicians and residents. In addition, the company will provide the supporting technologies and business services to establish a national model for revenue cycle management, patient care, compliance and quality.
The collaborative outsourcing arrangement provides a model that allows the University to accelerate comprehensive adoption of the electronic health record and gives the Faculty Practice Plan the ability to address the three main barriers to achieving clinical transformation: funding, implementation and benefits realization.
"The combination of Perot Systems' technology and revenue cycle solutions will allow the University's physician practice to take a leading position in the adoption of clinical technology," said Chuck Lyles, president of Perot Systems healthcare group. "We look forward to offering the University the full complement of our healthcare expertise, and to working with the physicians to establish a national model for healthcare delivery in an electronic environment. Moreover, we feel privileged and are honored to welcome the Faculty Practice Plan to the Perot Systems' family of customers."
According to Dr. Victor F. Scott, interim senior vice president for health sciences at Howard University, the agreement with Perot Systems is part of a long-term strategic effort to advance the University's service to patients and the training of new physicians. "We are a step closer to aligning the clinical and administrative operations of the physician practice to keep pace with the rapidly evolving needs of the community and our physicians. We can now focus on our vision of expanding the University's role as a leading quality care provider in the community, and becoming the premier academic medical center for the 21st century."
Howard University is one of the nation's oldest teaching institutions and has been recognized as one of the best hospitals in the nation in heart, rheumatology and hormonal disorders by U.S. News & World Report. Today, more than 200 physicians are affiliated with the University's faculty practice.
About Allscripts
Allscripts is the leading provider of clinical software, connectivity and information solutions that physicians use to improve healthcare. The Company provides unique solutions that inform, connect, and transform healthcare. The Clinical Solutions Group's award-winning clinical software applications include Electronic Health Record, e-prescribing and document imaging solutions. Allscripts' Physicians Interactive Group provides clinical product education and connectivity solutions for physicians and patients. The Company's Medication Services Group provides medication fulfillment services. To learn more, visit Allscripts on the Web at http://www.allscripts.com .
About Perot Systems
Perot Systems is a worldwide provider of information technology services and business solutions. Through its flexible and collaborative approach, Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations and create new levels of customer value. Headquartered in Plano, Texas, Perot Systems reported 2004 revenue of $1.8 billion. The company has more than 17,000 associates located in North America, Europe, and Asia. Additional information on Perot Systems is available at http://www.perotsystems.com .
This press release contains forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Among many factors that could affect our business and cause actual results to differ materially are that we may bear the risk of cost overruns for custom software development and implementation services, our contracts generally contain provisions that could allow customers to terminate the contracts and sometimes contain provisions that enable the customer to require changes in pricing, and some contracts contain fixed-price provisions or penalties that could result in decreased profits. Please refer to our Annual Report on Form 10-K for the fiscal year ended December 31, 2004, as filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov , for additional information regarding risk factors. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.
Perot Systems CorporationCONTACT: Sharon Lakes of Perot Systems Corporation, +1-972-577-6012, orfax, +1-972-577-5142, or Sharon.Lakes@ps.net
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