LabSoft Announces New Technology Advancements At CLMA/ASCP 2002 Conference & Exhibition

New Orleans, LA (June 27, 2002) – LabSoft, Inc. announced today the launch of its new Advanced Reporting Module (ARM)  - a software package designed to help managers simplify complex business functions that have become a key part of day-to-day lab administration.

 “LabSoft’s goal is to introduce products and services that add real value to our customers’ laboratories. In the last several months, we have spoken to countless lab managers across the country who are becoming increasingly burdened with reporting requirements that fall outside the scope of their technical expertise,” commented LabSoft President Gary Yancich. “This module provides businesses the improvements in revenue management and resource utilization they are looking for, while at the same time significantly reducing time spent by lab staff on administrative activities.”

 Labs can specify down to the minute when they want the system to pull data and generate reports.  For example, a lab manager can designate a billing report to be automatically generated at the end of the last shift and then printed out at 8:00 a.m. the next morning on the billing department’s printer. It is an automatic process that continues indefinitely. Some of the reports available through LabSoft’s ARM include medicare denials, physician utilization and turn-around-time. The software package will be made available to existing and new customers using any one of the LabSoft laboratory information systems.

 LabSoft, Inc. provides advanced laboratory information systems to hospitals, reference labs and physician offices located throughout the United States. The company’s three primary product lines – LabNet LIS, EZLink LIS and Beethoven II – are Windows-based applications designed to automate and manage laboratory information.  Headquartered in Tampa, Florida, LabSoft also operates an office in the Denver, Colorado region. 

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