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Five-Year Agreement Includes Customized Program for Strategically Managing High-Volume Print Environment
Mission Viejo, CA – March 10, 2017 – CynergisTek, Inc. (NYSE MKT: AUXO), a leading provider of complete document workflow solutions and IT security services for the healthcare industry, today announced a five-year, approximately $12.5 million contract with a 1,000-bed prestigious teaching hospital located in the Central United States.
Under the terms of the contract, CynergisTek will deliver a next-generation Managed Print Service (MPS) program, otherwise known as Print-as-a-Service (PRaaS), which provides a scalable and customizable service that enables healthcare providers to strategically manage their high-volume print environments by driving operational efficiencies and addressing security vulnerabilities. The service level agreement aims to improve operational efficiency through leveraging CynergisTek’s printer break/fix, toner, support, device refresh and consolidation services.
“Our goal is to drive out costs, saving up to 50% over five years for the university medical center. Our priority is streamlining the fragmented print environment and then introducing workflow solutions to transform document processes to digital workflows and implement a security strategy to protect PHI found on devices, the network and printed documents,” said Sean Hughes, EVP of Operations.
“This contract is the latest evidence of the growing demand for our comprehensive, service-oriented programs that deliver deep insights into the document life cycle to reduce print, improve workflow efficiency and enhance security at healthcare organizations,” said Joseph J. Flynn, CEO of CynergisTek
CynergisTek’s PRaaS offering provides hospitals the ability to choose the level of service needed. Its flexible PRaaS plans range from toner management and break/fix to an innovative solution that analyzes document workflow and security to optimize and manage the document processes. With the recent acquisition of CynergisTek, an industry leader in health information privacy, compliance and cybersecurity consulting, CynergisTek can now offer its healthcare clients integrated document and device security solutions that reduce risk and deliver long-term value.
About CynergisTek, Inc.
CynergisTek (https://cynergistek.com) provides complete document workflow solutions and IT security services to healthcare organizations across the United States. CynergisTek has helped its clients save more than $80 million since 2004 by providing Print as a Service (PRaaS) vendor neutral solutions which lower costs, improve operational efficiency and enhance security. CynergisTek’s intelligent workflow automation suite delivers a customer driven approach transforming printed documents to digital workflows, reducing waste and driving additional savings opportunities. CynergisTek serves a national portfolio of nearly 220 hospital campuses and manages over 1.5 billion documents annually from over 90,000 devices supporting over 280,000 caregivers.
CynergisTek (www.CynergisTek.com) is a top-ranked cybersecurity and privacy consulting firm. The company offers solutions to help organizations measure privacy and security programs against regulatory requirements and assists in developing risk management best practices. Since 2004 the company has served as a partner to hundreds in the healthcare industry and is dedicated to supporting and educating the industry by contributing to relevant industry associations. The company has been named in numerous research reports as one of the top firms that provider organizations turn to for privacy and security, and won the 2017 Best in KLAS award for Cyber Security Advisory Services.
For more information about CynergisTek, visit https://cynergistek.com.
Forward Looking Statements
This press release contains “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995, regarding the enhancement of shareholder value the Company’s strategy relating to uplisting to a national exchange, and the Company’s future ability to increase liquidity and attract institutional investors. Such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including factors that could delay, divert or change any of them, and could cause actual outcomes and results to differ materially from current expectations. No forward-looking statement can be guaranteed. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Readers are urged to read the risk factors set forth in the Company’s most recent annual report on Form 10-K, subsequent quarterly reports filed on Form 10-Q, and other filings made with the SEC. Copies of these reports are available from the SEC’s website at www.sec.gov or without charge from the Company.
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