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  • Velos Unveils Power Reporting For Renal and Transplant Markets

    San Francisco, CA - December 18, 2001 - Velos, an innovative healthcare software and internet services vendor, today announced Release 3.1.5 of Velos Clinical which includes a major new reporting subsystem called Power Reporting for its renal and transplant customers. This release represents the third and final component of a three-part product strategy to deliver the most comprehensive, clinically-centered information system for the renal and transplant markets.

    “This release is the culmination of years of working with customers and millions of dollars of investment,” summarizes John McIlwain, President and CEO. “A lot of the visible value, the “wow,” comes with Release 3.1.5 and Power Reporting. That we’re able to go from design to development to delivery of this major reporting system in little more than three months is testimony to the care and thought that went into the underlying system design. Velos renal and transplant customers benefit from a system that will evolve with them for years as their needs change. Velos Clinical is unmatched in these markets for that reason. To me, this is customer value.”

    Earlier this year, Velos completed the release of a new version of Velos Clinical and integrated it with Velos Financial. In doing so, Velos put into production the first system for the renal market on modern relational and object-oriented technology platforms that supports the patient encounter through billing in one, fully integrated, information system. These first two components of the Velos product line address the clinical and financial operating needs of the renal and transplant community. As the final component, Velos Power Reporting is an integrated, internet-accessible reporting and analysis system. Velos Power Reporting enables users to apply the rich information captured by Velos Renal for improved real-time patient care, continuous quality improvement and research.

    Velos Power Reporting will be released for renal and transplant customers in the first quarter of 2002. Renal and transplant customers can also benefit from a new Patient Imaging Module. In addition, Velos renal customers can look forward to a new KT/V modeling subsystem, and Velos transplant customers will receive significant upgrades to Kaplan Maier reporting, UNOS interfacing and reporting, along with a new Heart and Lung module.

    About Velos

    Velos is a leading designer and developer of next-generation healthcare information systems. Velos develops, markets, and supports an integrated suite of clinical, administrative, and financial products for renal, transplant, cardiology and research. Velos’ internet services and turnkey solutions address the information needs of specialty healthcare providers and clinical researchers. An internet-based software product, Velos eResearch is designed to expedite the research process by supporting the administration and execution of clinical research and trials. Additional information on Velos eResearch may be found at http://www.velos.com/ . Velos is privately held with headquarters in Silicon Valley.

    This press release contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. Actual results may differ materially from those projected. These forward-looking statements represent Velos judgment as of the date of this release. Velos disclaims any intent or obligation to update these forward-looking statements.

    Additional information regarding Velos may be obtained by contacting Madalynne Chapman (510-608-5744) or mchapman@velos.com.