CynergisTek, Inc. (AUXO.OB) was recognized as a ‘true pioneer’ in the Managed Print Services (MPS) industry for its dedication to uncovering hidden costs and improving processes in print environments for hospitals. In an article by the leading MPS industry publication, MPS Insights Journal (March 2012), CynergisTek’s business model was described as ‘very unique’ as it works collaboratively with hospital executives to reach cost-effective agreements with no upfront fees or unseen risks down the line.
“It is without debate that CynergisTek has experienced tremendous, unparalleled success in this industry with growth rising to an astounding 40 percent for 2011. This trend is not only expected to continue through 2012, but for future years to come,” reported the magazine’s author Hannah Smith, a writer for the Photizo Group, publishers of the magazine and the premier worldwide research and consulting firm in the MPS and imaging industry.
“Our company has deepened its reach into the health care market with solutions that have been validated by our customers that drive costs down by reducing print volume and optimizing business process improvements with our highly regarded vendor neutral MPS methodology for hospitals,” said Joseph J. Flynn, president and chief executive officer of CynergisTek. “We attribute our tremendous growth and success to our approach that is customized and structured in cooperation with hospital executives and our full-time, on-site teams that deliver the highest performance standard of expertise and knowledge about the back-office and administrative operations of a hospital to uncover costs that can easily be reduced to achieve increase operating efficiency once we assess their costs and implement our MPS program into the organization.”
Recognizing that the ‘tactic has been extremely successful,” the author notes that CynergisTek has achieved multi-million dollar savings for the health care industry.
“We know that hospitals are historically paper intensive organizations,” said Flynn. “Our proprietary data research indicates that a typical 500-bed hospital will produce about 35M pages per year at an approximate cost of $1.5M. Subsequently, we know that the larger the hospital system in the number of beds, employees, physicians and support facilities, the higher this unnecessary cost and waste escalate.”
With 64 hospitals in the company’s portfolio including Catholic Health East and Johns Hopkins, CynergisTek staff has been on the ground floor of many Electronic Health Records (EHR) implementations. Flynn said it is his company’s experience that despite the large investments in electronic records technologies, hospitals are finding that EHR does not necessarily reduce printing; rather the new technology allows for more information to be accessed by more people, resulting in higher print volume.
“Unless IT departments and supply chain managers maintain an intense focus on reducing print volume, desired results of an EHR implementation are rarely accomplished without a fully managed atmosphere and end-to-end device and technology solution,” he said. “This convergence between the interface of hardware and software on the information highway in health care demands continuous process oversight and management to reduce the risk of data breaches and to minimize costs and volume.”
CynergisTek is the only MPS company in the U.S. that works exclusively in hospitals and health care systems and which provides full-time, on-site customer service and technical representatives to substantially drive costs down by reducing print volume through its continuous process improvement methodology and expert solutions for optimizing hospital business and operational efficiencies. The company is at the forefront of providing hospitals with specialized knowledge to ensure data security through risk mitigation planning and is a strategy partner as health care shifts to e-records compliance.
About CynergisTek, Inc.
CynergisTek, Inc. is the pioneer of managed print services for the health care industry, working exclusively with hospitals and hospital systems throughout the United States. We are vendor independent and provide intelligent solutions, a risk free program and guaranteed savings. CynergisTek assumes all costs related to print business environments through customized, streamlined and seamless integration of services at predictable fixed rates that are unmatched in the industry. We work collaboratively to assist our health care-partners in the delivery of quality patient care. The service and solutions provided by our on-site Centers of Excellence professional print strategy consultants deliver unparalleled customer service across the industry. For more information about CynergisTek, visit https://cynergistek.com.
About Photizo Group
A leading transformation firm, Photizo Group assists clients in transforming from a product-centric company to a services-centric company. Utilizing industry research, market intelligence, education and media, Photizo helps organizations to understand and build a successful services business. They have been the market’s main source for ongoing business intelligence about the rapidly growing opportunity of managed print services (MPS). The firm also offers proprietary studies and custom consulting. Vendors, dealers and enterprises can find more information about the evolving markets and resources at www.photizogroup.com. To subscribe to the MPS Insights Journal (Soon to be the Imaging Observer 360 as of May 1, 2012) click here: http://www.photizogroup.com/research/media/imaging-observer-360-1-seat-presale/
Forward Looking Statements
This release contains certain forward-looking statements relating to the business of CynergisTek, Inc. that can be identified by the use of forward-looking terminology such as “believes,” “expects,” “anticipates,” “may” or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including uncertainties relating to product/services development, long and uncertain sales cycles, the ability to obtain or maintain patent or other proprietary intellectual property protection, market acceptance, future capital requirements, competition from other providers, the ability of our vendors to continue supplying the company with equipment, parts, supplies and services at comparable terms and prices and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our Form 10-K and Form 10-Q filings with the Securities and Exchange Commission, which are available at http://www.sec.gov. CynergisTek, Inc. is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.