Kofax Provides Leading U.S.-Based BPO Provider with a Distributed Capture Solution
System Will Capture, Extract and Perfect Data and Images from Millions of Patient Medical Records Annually
IRVINE, Calif. --(Business Wire)-- Jul 07, 2009 Kofax plc (LSE: KFX), the leading provider of Intelligent Capture & Exchange solutions, today announced a $350,000 contract with EDCO Group, Inc., a leading business process outsourcing (BPO) provider of health document management services to more than 400 clients throughout the United States.
EDCO Group will utilize Kofax software to automate the processing of millions of patient medical records for hospital and health clinic customers. EDCO Group estimates it will initially process in excess of 15 million pages of records annually and expand that number to as many as 60 million annually within the next several years.
Supporting Electronic Medical Record (EMR) implementations, the solution processes medical records without the use of barcodes, thereby reducing staffing costs and improving operational efficiency for clients. It also ensures that electronic data is precisely identified and formatted, leading to quicker, more accurate data queries, faster processing times, greater cost savings and compliance with stringent patient health information privacy and security regulations.
"Healthcare is a document-heavy, data-sensitive industry, and BPOs need solutions to help clients reduce paper burdens, drive down business costs, meet privacy requirements and leverage EMR incentives under the American Recovery and Reinvestment Act," said Alan Kerr, Executive Vice President of Field Operations at Kofax. "Automating high-volume, paper-intensive medical record processing improves productivity and generates quicker ROIs for both BPO providers and their clients, thus enabling healthcare organizations to focus on enhancing patient care quality and efficiency."
Kofax plc (LSE: KFX) is the leading provider of Intelligent Capture & Exchange solutions. For more than 20 years, Kofax has provided award-winning solutions that automate document-driven business processes by managing the transformation and exchange of business-critical information arising in paper, fax and electronic formats in a more accurate, timely and cost-effective manner. These solutions provide a verifiable return on investment to thousands of customers in financial services, manufacturing, retail, government, healthcare, business process outsourcing and other markets. Kofax delivers these solutions through its own sales and service organizations, and a global network of more than 1,200 authorized partners in more than 60 countries throughout the Americas, EMEA and Asia Pacific. For more information, visit www.kofax.com.
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