Quture/TCLN announces cloud application of its product on the InterSystems platformJanuary 3, 2012 | Industry News Release
Techs Loanstar, Inc. (OTCQB: TCLN) (PINKSHEETS: TCLN) and Quture, Inc. ("Quture") announces preparation to launch its new clinical performance and outcomes measurement tool in a cloud version running on the InterSystems platform. Quture's new "transformative" and "disruptive" science and technology will introduce electronic performance measurement to empower hospitals and surgery centers to measure clinical performance on the InterSystems Corporation (www.InterSystems.com) technology platform. This new cloud product version allows rural and smaller hospitals and medical centers to be able to afford this remarkable technology on an affordable pricing and subscription licensing structure.
Quture/TCLN intends to soon announce the demonstration of the product cloud version at an existing customer of its former peer review software product. A series of demonstration projects with InterSystems is now underway prior to the HIMSS conference in Las Vegas in February 2012. The Company intends to demonstrate the product functionality and its return on investment value to hospitals prior to the formal product launch. The extensive intellectual property of Quture is embedded in the Company's clinical performance measurement product on the InterSystems platform. InterSystems and Quture hope to soon jointly announce the success of a series of Demonstrations and the formal launch of its product line.
Sherif Elfayoumy, PhD, Chief Technology Officer of Quture and a key architect of product development for the technology partner of Quture/TCLN, said of the new product: "We are aggressively looking forward to demonstrating the cloud version of our product. This version is a key technology to empower Quture's strategy to be the international standard for performance and outcomes measurements." He added: "Without the remote cloud version of this new electronic product, smaller and rural hospitals like Springhill would not be able to afford or operate this transformative new technology. Without this electronic capability, our existing labor-intensive, anecdotal, and vital quality and risk management processes would also be prohibitive."
As with the server version for larger hospitals and hospital corporations, InterSystems' interface engine Ensemble® will be used for data integration to capture clinical data from any vendor's electronic medical records and software into the InterSystems CACHÉ® (http://www.intersystems.com/cache/index.html) object-oriented database. The InterSystems platform is aptly suited to harness and support the power of Quture's intellectual property. Additionally, InterSystems' DeepSee™ dashboard for embedded real-time business intelligence and Zen report writer complete the platform package for health care enterprise management that is so desperately needed by physicians, clinicians, administration, boards and the quality and patient safety professionals in hospitals and physician groups in America and internationally.
"We are excited to demonstrate this new cloud version of our performance and outcomes measurement tool. With the barrage of new federal mandates and Joint Commission standards, it will be impossible for smaller and rural hospitals to comply with these mandates without the electronic capability of our product. With the potential for negligent credentialing driving compliance, as well as financial incentives from value-based purchasing, our smaller and rural customers are looking to us to bring them this new technology at an affordable price," said Landon Feazell, CEO of Quture. "The incredible technology platform of InterSystems operating on remote servers is a significant milestone in the development of our new product. Our marketing will be targeting over 1600 small and community-based rural hospitals with an aggregate marketing potential of $160,000,000. The cloud version of the product presents strategic global market opportunities as the next target for this new application."
Quture, Inc., a Nevada corporation, is an emerging growth company positioned to rapidly become the international standard in healthcare performance and outcomes measurement and analytics to accomplish its corporate mission. Quture provides healthcare organizations, insurers, government payers, and other stakeholders in the healthcare community with performance measurement tools and data sets. Industry experts agree that performance and outcomes measurement is the "transformative tool" to reduce medical cost and improve quality of care. Quture's management team has 35 years of experience and a long history of working with many of the nation's leading healthcare institutions as a leader and innovator in measuring clinical performance. Quture is now testing its revolutionary solution to effectively and efficiently measure clinical performance from multiple vendor databases.
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