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Demonstration of New Modules and Features That Enable Healthcare Providers to Reduce Costs by Optimizing Clinical Assets and Facilities is Planned for AAMI 2006.

Boston, MA June 23, 2006 -- St. Croix Systems Corporation, the leading provider of asset management, maintenance and safety solutions for the healthcare industry, announced today plans to demonstrate Version 4.2 of its Capital Asset Lifecycle Management (CALM) offering at the Association for the Advancement of Medical Instrumentation (AAMI) Conference and Exhibition.

Prospective customers will see first-hand a number of new modules and enhancements designed to help healthcare organizations optimize the performance of their capital assets, uncover hidden expenses, gain more visibility and control over their asset and facility operations, and improve safety throughout the environment of care.

For example, with Safety Manager St. Croix Systems will demonstrate how hospitals can implement a single-source for collecting, tracking, and correcting hospital risk and safety issues and incidents including those found during regularly scheduled environment of care rounds. Additionally, the system serves as a repository for hazards, alerts and recall notices facilitating a closed-loop process that documents the hospital’s course of notifications and corrective action.

Another new module, Asset Logistics and Utilization (ALU) will utilize the centralized equipment record and enable users to strategically manage the movement and utilization of clinical assets. Designed to drive greater efficiencies in the patient care process, users can instantly determine an asset’s location, condition, and in-use status. Patient assignment enables measuring and managing utilization and automatically updates billing and financial systems to capture revenue, charge-backs and respond to regulatory requirements. ALU is a perfect companion to RFID and bar-code solutions.

Asset Manager, the industry’s leading maintenance and management solution, has also been enhanced to provide end-to-end integration to manage and support all associated capital asset lifecycle processes. New features in Version 4.2 that will be demonstrated include:

  • - Expanded Contract Capabilities: Parent/child relationship enables quick assignment of new equipment to existing contracts. Alerting capabilities to manage contract expiration dates and comprehensive contract analysis allowing users to determine dollar savings and losses associated with each contract.
  • - Equipment Downtime and Performance: Downtime can mean lost revenue and is essential when assessing asset utilization and vendor performance.
  • - Auto Purchase Order Number Assignment: When maintenance or repair requests require parts, purchase orders can be generated upon saving of the Work Order.
  •  - Asset Location Interface: For hospitals considering RFID and RTLS auto-enabling technologies, specific fields have been developed to receive transmitted data and ensure the centralized asset records remain current with data relevant to the lifecycle of the asset.

“Key stakeholders throughout the hospital who rely on the maintenance, performance, utilization, and financial data related to hospital assets and facilities will benefit from the new CALM 4.2 applications,” said Sam Adams, president and CEO of St. Croix Systems. “The new modules and enhancements are designed to give clinical engineering, facilities management, clinicians, materials management, and finance personnel access to a powerful and integrated knowledgebase of asset information that drives increased safety, improved efficiency, real-time data for reporting and planning, and reduced costs.”

Please visit us in booth #115. More information about this event can be found on the AAMI website (www.aami.org).

About St. Croix Systems Corporation St. Croix Systems (www.stcroixsystems.com) is the leading provider of software and services designed to integrate the core functions of asset management, asset logistics, safety management, and capital planning for healthcare providers worldwide. Since 1993, health systems have been utilizing our applications to improve asset and facility management, increase operating and financial performance, and enhance service and safety in the environment of care. Privately owned, St. Croix Systems is headquartered in Boston, MA.

Media Contact: St. Croix Systems Becky Nies, 612-850-0739