Agreement Now Covers Four out of Five Regions of the Health System
Mission Viejo, CA – August 11, 2015 – CynergisTek, Inc. (OTCBB: AUXO), a leading provider of Managed Print Services (MPS) and IT Security for the healthcare industry, announced today a $6 million MPS expansion contract with the fourth region of a Top 10 US Health System.
In 2005, CynergisTek first implemented its MPS program in one of the local hospitals of the system and has grown to now serve four of the health system’s five regions, representing over 5,000 beds and more than 50,000 employees. The addition of this contract demonstrates the growing demand for CynergisTek’s unique MPS program in large multi-location health systems.
“We are honored to expand our relationship with one of the top health systems in the country. This win, is a testament to our proven results in driving down costs year after year through print reduction and improved efficiencies for hospital systems,” said Joseph J. Flynn, President and CEO of CynergisTek.
Mr. Flynn goes onto say, “We’ve witnessed time and time again how our unique and comprehensive healthcare focused MPS program helps hospitals pass savings onto other initiatives around improving patient care. This is extremely rewarding for our 300+ employees to be an integral part of changing healthcare for the better.”
CynergisTek is the only vendor neutral, healthcare exclusive MPS provider in the US. The company is at the forefront of providing specialized knowledge of hospital print environments that ensures cost reduction through continuous process improvements and operational efficiency. CynergisTek’s MPS business model includes placing full time, on-site teams of print services experts to build sustainable print programs to reduce volume and to manage print-related assets and expenses. Once contracted for MPS services, 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.
About CynergisTek, Inc.
Since 2004, CynergisTek has led the Managed Print Services industry by offering an innovative and customer driven approach for healthcare organizations. CynergisTek takes full responsibility for healthcare customers’ on-site print environment through situation assessment, process analysis, strategy development and program implementation. Hospitals and health systems benefit from streamlined and aligned processes and infrastructure that result in print management programs that reduce cost, increase employee productivity and meet and exceed patient care standards.
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’s Managed Print Services’ business model is vendor neutral, provides full-time, on-site customer service and technical experts and is exclusive to the healthcare industry.
Through its Security Solutions Group, Redspin provides an end-to-end security offering that specifically addresses hospital security challenges or when a breach has occurred. The fully comprehensive portfolio of services and technology include HIPAA security risk assessments, penetration testing, process and program development, and a SaaS technology solution, Delphiis ™ IT Risk Manager to more than 140 hospitals. This complete service offering is unique to the marketplace to ensure enterprise-wide security and improve patient experience through its ability to mitigate risk and improve efficiency across the hospital or health system.
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.