Innovative Health Solutions and Information Management Systems: New Partnership Will Provide Integrated Decision Support System

PRINCETON, N.J., Aug. 19, 2003 -- New Jersey-based Innovative Health Solutions, L.L.C. (IHS), a BESLER company, and Information Management Systems, Inc. (IMS) of Miami, Florida, have formed a long term partnership to provide existing and prospective customers with new healthcare decision support capabilities and technology.

Fred Stodolak, chief executive officer of IHS, and Jim Puglise, president of IMS, made the announcement jointly.

Under the terms of the agreement IHS will work with IMS to expand its current WIN-Stat system, which is being used by more than 160 providers and healthcare organizations nationwide, to include a financial module. The system currently includes market analyses, physician profiling, and clinical outcomes reporting and analysis functions.

"By adding a financial module," said Mr. Stodolak, "a healthcare provider's consultants, researchers and employees will be able to perform clinical, financial and strategic planning analyses from one fully integrated system."

"Often within the same organization, disparate systems compromise the decision and management process. These problems arise because stake-holders tend to focus on data inconsistencies, rather than real opportunities or pitfalls facing the organization," said Mr. Puglise. "We are very pleased that we will soon be able to offer our customers a fully integrated solution."

IHS, in collaborating with IMS, will use its technical staff and experience to develop a web-based version of the new integrated system using the latest technology from Microsoft, according to Mr. Stodolak.

"We are excited about the relationship with IMS, as it allows us to offer our mutual clients a much needed integrated decision support system today while we complete development of a newer version using internet based technology," said Mr. Stodolak. "Customers signing on for the system today will receive access to the internet based version at no additional cost upon its release within the next six months. IMS' experience with strategic planning and clinical outcomes analyses combined with our experience with financial analyses and the new 'dot net' technology is a very synergistic relationship."

The new web-based system has been named HEALTH DATA FOCUS. IHS and IMS are identifying healthcare organizations interested in piloting the new technology. Pilot organizations will receive favorable pricing, participate in the development and design phase and obtain a first user advantage in their marketplace.

ABOUT IHS:

New Jersey-based Innovative Health Solutions (IHS), a BESLER company, is an information technology firm providing multiple platform coding, compliance, reimbursement and decision support solutions to more than thirty percent of the general acute care hospitals nationwide and to leading managed care and health information technology companies. BESLER is a financial and operational consultancy that provides revenue enhancement, operational accreditation and regulatory compliance services to leading healthcare organizations nationwide. It was founded in 1986. IHS systems assist healthcare organizations in improving cash flow, reimbursement, profitability, coding quality and compliance and in making informed decisions.

ABOUT IMS

Information Management Systems, Inc. of Miami, Florida, was founded in 1984 and has specialized in the development of desktop based healthcare strategic planning and clinical outcomes software. Its WIN-Stat Analyst(TM), WIN-Auditor(C), and WIN-Caster(C) software products are in use at more than 160 hospitals, managed care organizations, and State health planning agencies nationwide.

SOURCE Innovative Health Solutions; Information Management Systems, Inc.