Leader of Healthcare MPS Continues to Deliver Value beyond Cost Savings
Mission Viejo, CA – September 28, 2015 – CynergisTek, Inc. (OTCBB: AUXO), a leading provider of Managed Print Services (MPS) and IT Security for the healthcare industry, announced today a projected savings for its U.S. hospital customers over $80 million since 2004 by reducing print-related costs, improving process efficiencies and supply chain management.
Since 2004, CynergisTek is the only vendor-neutral, healthcare exclusive MPS Company in the U.S., and its unique solutions are resulting in millions of dollars in savings for its customers.
A typical 500-bed hospital spends more than $1.4 million to print 35 million pages per year. “To control these unnecessary and often hidden costs in the production of documents, it is imperative to manage the print workflow process and supply chain and service costs, which CynergisTek does at a guaranteed savings of up to 30% for our customers,” said Joseph J. Flynn, president and CEO of CynergisTek, Inc.
To gain these efficiencies and savings for its national portfolio of over 220 hospitals, the Company’s foundation of cost-cutting and volume reduction methodology is customized and includes placing full-time, on-site print management experts and technical personnel to drive operational efficiencies and lead sustainability initiatives.
“Even with the implementation of an electronic health record (EHR) system, hospitals are years away from becoming a paperless organization without the support of a managed print service partner who understands healthcare,” said Simon Vermooten, EVP of Managed Print Strategy of CynergisTek, Inc. “The value-adding partnership materializes once our team is on-site, working side-by-side with caregivers, understanding how the business operates. We then identify process improvements through technology and workflow modifications helping our customers reach their goal of saving money and reducing paper volume without compromising patient care.”
CynergisTek has been named a 2015 Leaders Index for MPS Channel Partners by Photizo Group. “CynergisTek is set apart from other MPS providers given its unique methodology in serving providers in the healthcare space. With its comprehensive, vendor-neutral program clients realize a host of benefits across the spectrum of cost-savings to compliance. It is this considerate approach that sets the Company apart as a leader time and again,” Ken Stewart, Vice President of Services, Photizo Group, Inc.
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.
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