MEDSEEK Reports Quarter-Over-Quarter Sales Increase of 343 Percent; 2010 Patient Portal Sales Increase 833 Percent Over 2009

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MEDSEEK announced a record 343 percent increase in sales during fourth quarter 2010 over the same quarter of 2009. In addition, gross revenues rose 21 percent and one-year revenue backlog grew 58 percent, fueled by continued industry demand for its eHealth solutions.

The eHealth ecoSystem creates an online experience that goes beyond Meaningful Use requirements to deliver a competitive differentiator that will aid in care coordination, patient experience, employee satisfaction and physician recruiting.

MEDSEEK, the leading provider of enterprise eHealth solutions that give patients, clinicians and administrative staff an optimal 360-degree online experience, today announced a record 343 percent increase in sales during fourth quarter 2010 over the same quarter of 2009. In addition, gross revenues rose 21 percent and one-year revenue backlog grew 58 percent, fueled by continued industry demand for its eHealth solutions.

“We are particularly pleased with the industry’s adoption of our patient experience technology,” said Peter Kuhn, MEDSEEK CEO. “We’ve seen the adoption of our 360-degree Virtual Health Experience increase by more than 800 percent during 2010, clearly demonstrating the increased importance of the patient experience among healthcare executives.”

Further evidence of the industry’s increased interest in the patient experience appears in the MEDSEEK-sponsored HealthLeaders Media survey, “Patient Experience: Help Wanted,” in which 93 percent of healthcare executives surveyed named the patient experience as a top priority.

“Many healthcare organizations are looking to make their Meaningful Use investments more useful to patients and more profitable for the organization,” said MEDSEEK CEO Peter Kuhn. “The eHealth ecoSystem creates an online experience that goes beyond Meaningful Use requirements to deliver a competitive differentiator that will aid in care coordination, patient experience, employee satisfaction and physician recruiting.”

In addition to providing online access for patients, consumers and physicians, MEDSEEK also continues to see growth in its mobile applications, as 150 facilities representing 17 healthcare systems have added the MEDSEEK mobile ecoSystem over the last two years. “Even at this emerging stage of mHealth, early adopters among our customers are seeing about 1 million visits per year from mobile devices,” said Kuhn. “MEDSEEK’s mobile ecoSystem is the latest innovation in our efforts to make health care more accessible, more engaging and more meaningful to patients, healthcare consumers and physicians.”

To support MEDSEEK’s growth during 2010, the healthcare technology company increased its employee base by 18 percent and increased research and development spending by 31 percent over the same period.

About MEDSEEK
Since 1996, MEDSEEK has focused exclusively on creating a 360-degree optimal eHealth experience for patients, clinicians and administrative staff by removing traditional integration and communication barriers, workflow roadblocks and redundant processes. Used by more than 785 hospitals, MEDSEEK solutions enable hospitals to execute enterprise-wide strategic objectives by improving quality of care, uncovering new sources of revenue and generating meaningful loyalty among physicians and patients with a low-risk, high-return investment that leverages existing IT investments and infrastructure. For more information, visit http://www.medseek.com or call 1.888.MEDSEEK.

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Lori Moore
MEDSEEK
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