MedQuist awarded Transcription Services Agreement by HealthTrust Purchasing Group

Oct 6 2009

MedQuist Inc. (Nasdaq: MEDQ), a leading provider of technology-enabled clinical documentation services, today announced that it has been awarded a Transcription Services Agreement by HealthTrust Purchasing Group (HPG), one of the industry's largest group purchasing organizations. As a result of the award, all of the more than 1,400 hospitals and healthcare organizations participating in HPG's network will be able to purchase MedQuist's full array of integrated transcription and speech recognition technology and services. This announcement is being made in connection with the opening of AHIMA in Grapevine, Texas.

The company will utilize its robust DocQment Enterprise Platform with embedded speech recognition and a global workforce to manage the scale and complexity of such a large network of hospitals. MedQuist's suite of solutions provides options to HPG's hospitals, clinics, and physician practices to help them deliver timely quality documentation and accelerate the achievement of clinical and operational excellence goals.

In addition, the contract offers incentives to HPG's integrated delivery networks to aggregate transcription volume among their peer institutions. This combined volume can produce significant financial benefits as well as the operational benefits resulting from standardization.

Peter Masanotti, MedQuist's CEO, stated, "HealthTrust Purchasing Group is one of the leaders in the group purchasing arena, and we are pleased that we have met the rigorous award criteria for participation in HPG's program. This contract further validates the important role that technology-enabled transcription services play in the range of clinical documentation solutions deployed in healthcare organizations today. We look forward to providing significant value to the membership."

SOURCE MedQuist Inc.