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Frost & Sullivan Acknowledges the Value LUMEDX Delivers to the Cardiology Community

October 24, 2008

MOUNTAIN VIEW, Calif., Oct. 24 /PRNewswire/ — Based on its recent analysis of the medical imaging workflow solutions market, Frost & Sullivan recognizes LUMEDX Corporation with the 2008 North American Frost & Sullivan Award for Healthcare Innovation. The company, in recent years, has developed competency in cardiovascular picture archiving and communication systems (CV-PACS), adding advanced solutions for image management, distribution, and visualization to its extensive portfolio. These efforts have resulted in one of the most comprehensive cardiovascular information system (CVIS) offerings in the industry, and have positioned LUMEDX at the cutting edge of the digital transformation in the cardiology workflow.

“With over 15 years of experience catering to the cardiology business and the CV clinical community, LUMEDX delivers the tools to collect, manage, and analyze data and images from all points of care, including interventional, diagnostic, surgical, and disease management,” explains Frost & Sullivan Industry Analyst Nadim Daher. “LUMEDX was a late entrant to the imaging informatics arena, but has demonstrated great agility in evolving with market trends.”

LUMEDX has taken care to ensure that its systems are vendor agnostic, comply with open standards, and maintain an open platform. Apart from these features, the company’s modular product portfolio also maximizes the return on investment (ROI) on existing technology investments.

The company’s dedication to customer satisfaction has allowed its end users to adopt a software-driven strategy and benefit from a best-of-breed, best-in-class ecosystem while simultaneously achieving higher workflow efficiency through workflow integration. Customers ranging from multi-facility academic centers to small hospitals and clinics can streamline their CV workflow due to LUMEDX products’ ability to integrate disparate legacy systems and modalities, unify multi-vendor and multi-site environments, and automate image management.

“LUMEDX provides not only the technology, but also the preparedness to integrate and customize the systems it deploys, as this supports its business strategy,” notes Daher. “LUMEDX’s specialized sales force, solutions consultants, developers and field engineers spend time with the various end- users and other stakeholders to customize and fine-tune various aspects of the system — at the front-end as well as the back-end.”

Its tailor-made solutions allow customers to create workflow efficiencies, reduce costs, and achieve other site-specific goals. LUMEDX enables its enterprise users to access advanced reporting modules that contribute directly to building the patient’s record, thereby eliminating the need for transcription services.

“Meanwhile, the recent updates and recommendations from regulatory bodies, which are centered on certification and reimbursement issues, are challenging the market,” observes Daher. “This places LUMEDX at the center of the transformation that is taking place in North America.”

“Its strategic moves have earned it greater market presence, an increasing mindshare, and outstanding customer review and retention,” continues Daher. “The company can offer comprehensive, yet customizable reporting features to support any clinical guideline and standard protocol, as well as assist every workflow step in the various departments.”

Each year, Frost & Sullivan presents this award to the company that has introduced truly innovative products, practices, or ideas to the specified industry or segment. The company’s innovative contribution(s) to healthcare make it possible to envision a new level of care in the diagnosis, treatment, and management of disease, leading to better outcomes and quality-of-life for patients. In addition, the company’s innovative efforts may also lead to improvements in the tools that clinicians, diagnosticians, researchers, and healthcare administrators have at their disposal to improve quality and efficiency in provision of healthcare services.

Frost & Sullivan’s Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.

About LUMEDX Corporation

With over 500 heart center clients worldwide, LUMEDX is the market leader in fully integrated cardiovascular information systems and the fastest-growing cardiology PACS solutions provider. Our cardiovascular imaging and information solutions play a critical role in helping healthcare systems meet many of today’s challenges and opportunities, including pay-for-performance, evidence-based medicine, greater competition and transparency in the marketplace and new governmental regulations. We welcome you to visit our website — http://www.lumedx.com/ for the latest news, events, information and complimentary tools. Learn how the LUMEDX approach to achieving total CV integration is helping heart centers worldwide enhance patient care, decrease costs, streamline workflow, and increase both patient volume and net revenue.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company’s TEAM Research, Growth Consulting and Growth Team Membership(TM) empower clients to create a growth-focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information about Frost & Sullivan’s Growth Partnership Services, visit http://www.awards.frost.com/.

    Contact:    Jake Wengroff    210.247.3806    jake.wengroff@frost.com  

Frost & Sullivan

CONTACT: Jake Wengroff of Frost & Sullivan, +1-210-247-3806,jake.wengroff@frost.com

Web site: http://www.frost.com/http://www.lumedx.com/




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