Woodstock Hospital Wins The 18th Annual Technology ROI Award

Tuesday, 13 October 2020 at 07:00

Woodstock Hospital was awarded for the implementation of PaperVision Enterprise and PaperFlow, which saves them more than $430,000 ever year. It allows them to safely store and access all their medical records electronically.

WOODSTOCK - Nucleus Research has selected Woodstock Hospital as the 18th annual Technology ROI Award winner.

Woodstock was given the award for the implementation of PaperVision Enterprise and PaperFlow. These programs are saving the hospital hundreds of thousands of dollars every year. The Technology Award is given to companies whose skillful deployment of IT solutions has produced a positive, bottom-line financial return on investment.

The PaperVision Enterprise system saves the hospital about $437,500 every year and allows them to securely store and access all their medical records electronically. Analyst with Nucleus Research Barbara Peck says the final analysis shows 258% ROI with full project payback in just three months.

"After implementing an EHR application, Woodstock Hospital was not getting the full benefit they had hoped for. They purchased PaperFlow to help convert paper-based patient records to electronic files and integrated PaperVision Enterprise with the EHR to simplify records search. They improved staff efficiency, boosted control of sensitive patient information, and reduced the costs of managing their healthcare records while supporting outstanding patient care in their Emergency Department. The overall result was 258% ROI and almost half a million dollars saved annually."

CEO of Digitech Systems HK Bain says they are happy to give the Woodstock Hospital this award.

~Barbara Peck, Analyst, Nucleus Research

"In today's environment, we want front-line healthcare workers to have every tool they need to provide the best patient care possible. Digitech Systems is pleased to congratulate Woodstock Hospital. It's rewarding to see the ability of PaperVision Enterprise to work alongside their EHR to securely present patient records electronically leading to improved efficiency and real savings, especially with the extra security required in the world of healthcare."