McGAW PARK, Ill., May 9, 2005 - Cardinal Health (NYSE: CAH), the leading provider of products and services supporting the health-care industry, announced today it has signed an exclusive sales and marketing agreement with GetProof, Inc., a health-care technology firm specializing in managing health-care information.
Under terms of the agreement, Cardinal Health will market GetProof‘s Document Management and Physician Information software. These products help health-care providers of all sizes save time, reduce errors and lessen operating costs by capturing, storing, organizing and retrieving documents and images electronically. Cardinal Health will offer GetProof’s products to hospitals and other health providers.
Document Management is a technology that captures, stores, organizes and retrieves documents and images electronically. This technology gives health-care providers the ability to access and share real-time documents and data electronically, across multiple departments or facilities. It removes the need for paper storage and reduces retrieval and re-filing time to just seconds. When integrated with other solutions, health-care providers can achieve virtually paper-free processes.
The Physician Information technology allows hospitals to improve their credentialing processes and improve patient care by efficiently gathering, reviewing, verifying and updating data and documents related to the qualifications, status, and current licenses of their physicians.
“As a leading supply chain partner, we have a reputation for delivering products on time, accurately and consistently,” said Tom Slagle, group president, Medical Products and Services Distribution, Cardinal Health. “Through this new relationship with GetProof, we’re taking the concepts of speed, efficiency and cost reduction that we bring to the supply chain and are applying them to the information chain. We are pleased to expand beyond the boundaries of traditional distribution and offer this type of document-management support to health-care providers.”
In addition to GetProof’s products, Cardinal Health helps its customers realize savings and improve efficiencies with inventory, logistics and freight management services.
“We are extremely pleased to partner with a progressive company such as Cardinal Health,” said Tom Hammond, chief executive officer, GetProof Inc. “We share similar values, and focus on solutions that reduce operating costs in the health-care industry. Not only are our products an excellent fit with the Cardinal Health services offering, but they also improve the quality of patient care, dramatically increase efficiency and mitigate risks for health-care clients nationwide."
About Cardinal Health
Cardinal Health, Inc. (NYSE: CAH) is the leading provider of products and services supporting the health care industry. Cardinal Health develops, manufactures, packages and markets products for patient care; develops drug-delivery technologies; distributes pharmaceuticals, medical-surgical and laboratory supplies; and offers consulting and other services that improve quality and efficiency in health care. Headquartered in Dublin, Ohio, Cardinal Health employs more than 55,000 people on six continents and produces annual revenues of more than $65 billion. More information about the company may be found at www.cardinalhealth.com.
Except for historical information, all other information in this news release consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied. The most significant of these uncertainties are described in Cardinal Health's Form 10-K, Form 8-K and Form 10-Q reports (including all amendments to those reports) and exhibits to those reports, and include (but are not limited to) the costs, difficulties, and uncertainties related to the integration of acquired businesses, the loss of one or more key customer or supplier relationships or changes to the terms of those relationships, changes in the distribution patterns or reimbursement rates for health-care products and/or services, the results, consequences, effects or timing of any inquiry or investigation by any regulatory authority or any legal and administrative proceedings, the impact of previously announced restatements, difficulties in opening new facilities or fully utilizing existing capacity, difficulties and uncertainties associated with business model transitions, including the conversion of margin generated from branded pharmaceutical manufacturers to non-contingent consideration, and general economic and market conditions. Cardinal Health undertakes no obligation to update or revise any forward-looking statement.