New real-time inventory management solution for catheterization labs to manage physician preference items is now available in Australia and New Zealand

Seattle, WA, USA and Sydney, NSW, Australia – December 23rd, 2009 – VUEMED, provider of the VueTrack inventory tracking and reporting system, and Imaxeon, manufacturer and distributor of medical devices, announce an agreement to distribute VueTrack to hospitals and heath centers across Australia and New Zealand.

VueTrack is an innovative software-based inventory control system that allows hospitals to efficiently manage their medical supplies in specialty areas (such as cardiac catheterization, interventional radiology, electrophysiology, endoscopy and surgical specialties) in real time. Analyses of inventory transactions by department, physician, manufacturer, type of products, etc. are reported live over the web and provide users with the information they need to prevent waste through expiration management, dynamically adjust inventory size and composition to physician preferences, reduce overall budget tied up in inventory, and perform instantaneous tracking of recalls.

Beyond superior inventory management capabilities, VueTrack focuses on delivering a very high ROI (typically greater than 500% annually) to the users and helping them reach their savings objectives and improve performance in their department. VueTrack achieves such impressive results primarily by reducing the overall size of required inventory and related purchases through better par level management, by capturing otherwise uncollected revenue through accurate charge capture at the point of care, by automating otherwise manual tasks, and by reducing risks and costs associated with inventory expiration and recalls.

“In this economy, most hospitals find it hard to achieve the savings that they are mandated to reach, and often neglect to look at the segments of the supply chain that represent the “low hanging fruit” opportunity, particularly the inventory management of physician preference items that are numerous and expensive. It is in this space where the largest opportunities for savings, additional revenue generation and cost-cutting options are, and VueTrack's mission, as a tool, is to constantly uncover them for the users.” says Arnold Chazal, CEO of VUEMED.

VueTrack complements any MMIS and closes the inventory control gap by tightly managing products from the moment they physically enter a lab until their use at the point of care or their removal (borrowed, returned, etc.).

About VUEMED
VUEMED (www.vuemed.com) is a healthcare services company whose inventory management tool, VueTrack, provides real-time tracking of medical products, devices and supplies. VueTrack is software as a service, and has been specifically designed to meet the needs of specialty hospital departments, including cardiac catheterization, interventional radiology, electrophysiology, endoscopy and surgical specialties. VueTrack is used by major medical centers throughout the United States.


About Imaxeon
Imaxeon (www.imaxeon.com) a subsidiary of MEDRAD Inc. designs and manufactures a range of Imaxeon-branded contrast injection systems and associated consumables for the worldwide radiology market. Imaxeon contrast injectors are specifically designed to be economical, compact, mobile and reliable and appeal to the more value oriented user. Imaxeon also distributes the MEDRAD Inc range of high quality medical products to radiology and cardiovascular customers in Public and Private healthcare sectors in Australia as well as other complimentary products for these segments.


Contact:
Lana Makhanik, VUEMED
+1-206-322-8100
lmakhanik@vuemed.com

Alwyn Reynolds, IMAXEON
+61 2 8845 4999
areynolds@imaxeon.com