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The nation’s leading Managed Print Services (MPS) company for health care, announced today that it was awarded a five year, $4.5M MPS contract with Citrus Valley Health Partners. Located in Covina, California, Citrus Valley Health Partners has approximately 3,000 employees and nearly 1,000 physicians located in three hospital campuses, including Citrus Valley Medical Center-Queen of the Valley Campus in West Covina, Foothill Presbyterian Hospital in Glendora, and Citrus Valley Medical Center-Inter-Community Campus in Covina. All encompassing, Citrus Valley Health Partners serves over one million people in the San Gabriel Valley in Southern California.
“We are excited to start the year by earning the confidence of another great health care system like Citrus Valley Health Partners,” said Joseph J. Flynn, president and chief executive officer of CynergisTek. “We have a proven track record of providing the highest standard of excellence in the execution of our managed print services programs and world class service for our customers. The results will be sustainable improvements in each of the hospital’s business processes involving print that will benefit the entire care organization now and well into the future.”
CynergisTek’s unique and proprietary MPS program includes a full time, on-site staff of print services experts who will develop sustainable print programs, volume reduction initiatives, device and supply chain management, and process efficiency that are guaranteed to reduce costs upwards of 20 percent. The company assumes all expenses related to the production of documents in hospitals, including services, supplies, equipment, legacy service agreements, parts, finance charges and labor.
“CynergisTek’s comprehensive assessment of our print environment and the savings they will generate through improvements in our print production workflow and document management processes was well beyond our expectations,” said Roger Sharma, Chief Financial Officer, Citrus Valley Health Partners. “We look forward to developing a strong, sustainable, cost effective business partnership with CynergisTek as we launch its print services program in our hospitals.”
As the only vendor neutral, health care exclusive MPS company in the country, CynergisTek is at the forefront of providing specialized knowledge of hospital print environments that ensures cost reduction through continuous process improvements to reduce the production of documents substantially. The company has over 80 hospitals in its growing national portfolio and manages over 1.5 billion documents annually while managing more than 45,000 devices from multiple manufacturers and serving over 250,000 caregivers from coast to coast. CynergisTek estimates savings for its hospital customers in excess of $70M over the life of their existing contracts.
About CynergisTek, Inc.
CynergisTek, Inc. is the pioneer of managed print services for the health care industry, working exclusively with hospitals and hospital systems throughout the United States. We are vendor independent and provide intelligent solutions, a risk free program and guaranteed savings. CynergisTek assumes all costs related to print business environments through customized, streamlined and seamless integration of services at predictable fixed rates that are unmatched in the industry. We work collaboratively to assist our health care-partners in the delivery of quality patient care. The service and solutions provided by our on-site Centers of Excellence professional print strategy consultants deliver unparalleled customer service across the industry. For more information about CynergisTek, visit https://cynergistek.com.
Forward Looking Statements
This release contains certain forward-looking statements relating to the business of CynergisTek, Inc. that can be identified by the use of forward-looking terminology such as “believes,” “expects,” “anticipates,” “may” or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including uncertainties relating to product/services development, long and uncertain sales cycles, the ability to obtain or maintain patent or other proprietary intellectual property protection, market acceptance, future capital requirements, competition from other providers, the ability of our vendors to continue supplying the company with equipment, parts, supplies and services at comparable terms and prices and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our Form 10-K and Form 10-Q filings with the Securities and Exchange Commission, which are available at http://www.sec.gov. CynergisTek, Inc. is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.