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We’re so excited! 2012 was a banner year for TeleTracking Technologies!
The 2012 fiscal year was a record breaker for TeleTracking, with a 42 percent jump in booked revenues over the previous year.
TeleTracking added over 65 new clientsin 2012, implementing or expanding applications such as Capacity Management Suite(TM), Real-Time Locating System (RTLS), TransferCenter(TM) and Orchestrate(TM) Procedural Patient Throughput.
It was the largest annual revenue increase in our 22-year history!
What’s more interesting is that it came at a time when most hospitals were focused on EMR implementation. A major reason for the success, according to TeleTracking President and COO Michael Gallup, was that we collaborated with hospital leaders on that EMR focus. “By improving the operational side of a hospital, we’re helping the clinical side to improve performance too, and vice versa, he said.”
Gallup said the Affordable Care Act also had a lot to do with TeleTracking’s growth too. The ACA’s emphasis on improving efficiency and reducing cost while improving patient access and outcomes fits perfectly with our mission of delivering better management of hospital capacity and resources.
“Our capacity management solutions allow hospital leaders to recapture wasted time and resources and convert them into savings and revenue,” Gallup said in announcing the banner year.
“We believe our growth is an acknowledgement by the market that operational efficiency is a key to delivering quality care in a cost-effective way,” Gallup said. “These implementations have given us the opportunity to collaborate with leading EMR vendors to provide our clients with seamlessly integrated clinical/operational platforms.”
Interoperability is becoming a major demand of the market because it creates additional efficiencies across operational and clinical platforms, not just within each of them. The result is that everyone can do his or her job better and faster.
Gallup also believes that automating hospital operations, in the manner that TeleTracking does, can take a big bite out of the $750 billion the Institute of Medicine says is wasted every year in healthcare. Widespread interoperability can make that bite even bigger.
If you’re at HIMSS, come visit us in Booth #6619, March 4-7, 2013, Ernest N. Morial Convention Center, New Orleans.