Monday, December 8, 2008

Talyst Extends Inventory and Workflow Support beyond the Hospital 12/7/08

Bellevue, Wash., Dec. 7, 2008 — Talyst, a leader in pharmacy automation, today demonstrated InSite™, its innovative hardware and software system designed to help central pharmacies provide unparalleled support for extended care environments with the use of remote dispensing technologies. The products were developed in response to hospital pharmacies’ increasing need to implement safer, more cost-effective ways to service the long-term care and correctional care environments they support. InSite™ is being demonstrated this week at the American Society of Health-System Pharmacist (ASHP) Midyear Clinical Meeting in Orlando, FL.

“Talyst is committed to engineering a safer pharmacy in all healthcare environments. We have a strong history of delivering innovative automation solutions to our hospital pharmacy customers, and InSite is a natural extension of that innovation,” noted Carla Corkern, chief executive officer of the company. “Talyst was the first to provide inventory and workflow management control to all medication inventory locations, including support for multiple hospitals. With Talyst InSite, we are the first to extend that control to extended care environments managed by the hospital or integrated delivery network.”

A New Model for Remote Medication Management
The InSite Remote Dispensing System allows the central pharmacy to place a secure, automated medication dispensing unit at each facility they service. With InSite, medications are already at the facility and pharmacist-approved medication orders are immediately available for dispensing in patient-specific, multi-dose packaging.

The innovative InSite system helps eliminate the need to create time-consuming, waste-prone medication blister packs. It also enables faster First Doses, gives nursing staff more time for other tasks, and allows down-to-the-dose accountability at each facility.

With centralized inventory monitoring, InSite requires far fewer scheduled deliveries and special courier runs from the central pharmacy in order to meet the changing needs of the facilities.

“Healthcare system pharmacies are increasingly looking for ways to improve the safety and efficiency of their pharmacy operations beyond the traditional in-patient settings,” Corkern continued. “In a challenging economy, a growing number of hospital pharmacies are being asked to improve cost controls and find new revenue sources. The InSite system improves the partnership between central pharmacies and the facilities they support, and enables new opportunities for growth and safety improvements,” she concluded.


About Talyst
Talyst is engineering a safer pharmacy. The company provides automated systems to hospitals, long-term care facilities and correctional facilities to improve patient safety and dispensing accuracy while reducing costs and increasing productivity. The Talyst solution uses innovative software and a suite of proven hardware components to package, barcode, store and track medication inventories.

Talyst is an award-winning company with more than 300 hospital and integrated healthcare companies. The company is ranked in the "Inc. 500" national list of fastest-growing private companies, ranked number two on the Deloitte "Fast 50" Technology Companies in Washington State, and was listed as one of Fast Company magazine’s "Fast 50 Reader Favorites", honoring innovative, progressive enterprises.

For more information, call 877-4-Talyst (877-482-5978) or visit Talyst Home, Talyst.com/LTC or see Talyst.com/corrections

Talyst and InSite are trademarks of Talyst Inc. Other trade names are the property of their respective owners.


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Wednesday, November 19, 2008

Talyst Unveils InSite for Long-Term Care 11/19/08

Bellevue, Wash., Nov. 19, 2008 — Talyst, a leader in automated medication management, today unveiled InSite™ for Long-Term Care. InSite is the first remote dispensing system designed exclusively for long-term care facilities and the patients in their care.

The company made the announcement at the annual meeting of the American Society of Consultant Pharmacists, underway this week in New Orleans. The first installations of the InSite system are operating in Texas, and each InSite unit will deliver an estimated 1.5 million oral medication doses per year. The automated system enables on-site, on-demand medication dispensing for an entire facility. With InSite for Long Term Care, medication waste is virtually eliminated. The hardware and software solution cuts nursing medication prep time in half and allows late admissions and quick first doses.

The benefits of remote dispensing
InSite allows an institutional pharmacy to place a secure, freestanding remote dispensing system at each long-term care facility they support. “Talyst is continuing to build market leadership through innovation,” explains Carla Corkern, chief executive officer, “and InSite is our response to a clear need in the long-term care industry.” She added, “With a national nursing shortage, rising medication budgets and the need for improved medication safety, InSite for Long Term Care can help both facilities and pharmacies save time and reduce waste while creating a safer medication process.”

The InSite Remote Dispensing System improves the partnership between pharmacies and the facilities they support. Medication orders are submitted to the institutional pharmacy for clinical review, and approved orders are available immediately from the remote dispensing unit at the facility. Rather than filling medication orders for 30 days at a time, InSite enables medications to be sorted by patient and packaged at the facility. The clearly labeled multi-dose and single-dose packages are prepared on demand with patient name, med pass time and a detailed listing of each medication. Medication usage is monitored at the institutional pharmacy to provide complete inventory control and medication canisters are safely filled and secured for transportation to the facility as needed.

“In early installations of InSite, nursing medication prep time was reduced by about 75%, and the institutional pharmacy was able to reduce the number of trips made to the facility each week, and Medicare Part A waste was nearly eliminated,” Corkern noted, “In addition, medications for new patients, or changes to an existing patient’s medications, are available to nursing staff virtually immediately.”

Corkern concludes, "The bottom line is that InSite reduces costs, saves time and keeps the patients safer.”

About Talyst
Talyst enables the safer pharmacy. The company provides automated systems to hospitals, long-term care facilities and correctional systems, to improve accuracy and patient safety, while reducing costs and increasing productivity. Talyst equipment and software are used to package, barcode, store and track medication inventories. The company has more than 300 hospital and integrated healthcare system customers.

For more information, see Talyst.com/LTC or call 877-4-Talyst (877-482-5978).

For the last two years, Talyst has ranked in the "Inc. 500" national list of fastest-growing private companies. Last month, the company was ranked number two on the Deloitte "Fast 50" Technology Companies in Washington State. Talyst was also honored by Fast Company magazine's "Fast 50 Reader Favorites" list, honoring innovative, progressive enterprises.


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Tuesday, October 28, 2008

Talyst ranks in fastest-growing private companies 4 years running 10/28/08

Bellevue, Wash., Oct. 28, 2008 — For the fourth consecutive year, Talyst has been named to the Puget Sound Business Journal’s “Washington 100 Fastest Growing Private Companies” list.

The company ranked six on the list, up from 10 last year. The latest ranking reflects 363.8 percent revenue growth from 2005 to 2007.

Talyst produces innovative pharmacy systems that enhance efficiency and patient safety. In acute-care environments, the company’s AutoPharm® software platform and AutoPack®, AutoLabel™ and AutoCarousel™ equipment work together to distribute and track medication inventory. In long-term care and correctional systems, Talyst InSite™ systems provide efficiencies and safety advantages of remote dispensing.

“We are honored at this repeat ranking, and we quickly share credit for it with our forward-looking customers, partners and employees.” said Carla Corkern, chief executive officer. “More than ever, health care facilities need the safety, value and efficiency advantages we are delivering.”

In other fast-growth honors, Talyst this year was named for the second time to the Inc. magazine “Inc. 500” list of fastest-growing U.S. private companies. Last month, the company was ranked number two on the Deloitte “Fast 50” Technology Companies in Washington state.

About Talyst
Talyst enables the intelligent pharmacy. The company provides automated systems to hospitals, long-term care and correctional systems, to improve accuracy and patient safety, while reducing costs and increasing productivity. Talyst equipment and software are used to package, barcode, store and track medication inventories. The company has more than 300 hospital and integrated healthcare system customers.

For more information, see Talyst.com or call 877-4-Talyst (877-482-5978).

Talyst, InSite and Engineering the Intelligent Pharmacy are trademarks of Talyst Inc. Other trade names are the property of their respective owners.


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Monday, October 20, 2008

Talyst launches InSite™ for Corrections - 10/20/2008

Bellevue, Wash., Oct. 20, 2008 — Talyst, a leader in pharmacy automation systems, today announced the availability of its InSite™ for Corrections system, the first pharmacy automation solution designed for use in correctional facilities.
The company made the announcement at the National Conference on Correctional Health Care, underway this week at the Hyatt Regency Hotel in Chicago.

The first installation of the InSiteRx for Corrections system is operating in San Bernardino County, Calif., and will deliver an estimated 3.6 million oral medication doses per year. The system enables all prescriptions for nearly 6,000 inmates in custody to be prescribed, approved, dispensed and documented in a fraction of the time previously required, and with a higher level of quality assurance.
A comprehensive solution InSiteRx for Corrections brings efficiency and greater control to medication storage, access and delivery processes in correctional facilities. Its components and capabilities include:
• Accurate order entry – InSiteRx Provider Order Entry is designed to dramatically reduce transcription errors that lead to patient-safety risks.
• Integrated patient information – InSiteRx Pharmacy Information System automates the pharmacy operations to maximize efficiency and ensure patient safety.
• Automated dispensing – The InSiteRx Remote Dispensing System provides on-site, on-demand automation for preparing patient-specific oral medication doses.
• Secure medication storage and delivery – InSiteRx Secure Medication Cabinets automate the preparation of non-oral medications, such as ointments, drops and creams.

Remote dispensing advantages “This system addresses the concerns of corrections healthcare managers, by leveraging our market leadership and lessons learned in hundreds of hospital installations,” explains Carla Corkern, chief executive officer, Talyst. “In fact, InSiteRx for Corrections extends our service to hospitals, because many of them provide pharmacy services to jails.
“Our remote-dispensing approach brings efficiency, patient safety and cost control,” she notes, “by linking medication administration to jail and health care databases.”
“This is also relevant to the nationwide nursing shortage,” Corkern says. “At a point when it is so difficult to hire nurses, particularly those with corrections experience, InSiteRx can stretch resources and make the day-to-day nursing job in corrections more patient-centric and appealing.”
About Talyst
Talyst enables the intelligent pharmacy. The company provides automated systems to hospitals, long-term care and correctional systems, to improve accuracy and patient safety, while reducing costs and increasing productivity. Talyst equipment and software are used to package, barcode, store and track medication inventories. The company has more than 300 hospital and integrated healthcare system customers.

For more information, see the Talyst Website or call 877-4-Talyst (877-482-5978).

For the last two years, Talyst has ranked in the “Inc. 500” national list of fastest-growing private companies. Last month, the company was ranked number two on the Deloitte “Fast 50” Technology Companies in Washington State. Talyst was also honored by Fast Company magazine’s “Fast 50 Reader Favorites” list, honoring innovative, progressive enterprises.
Talyst, InSiteRx and Engineering the Intelligent Pharmacy are trademarks of Talyst Inc. Other trade names are the property of their respective owners.


View the full article at Reuters.com

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Saturday, September 27, 2008

Talyst named to Deloitte’s Fast 50 in Washington State!

Bellevue, Wash., Sept. 26, 2008 — Talyst has been named to Deloitte’s prestigious Technology Fast 50 program for Washington State, a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in the area. Rankings are based on the percentage revenue growth over five years from 2003-07.
Talyst's CEO Carla Corkern credits the company’s revenue growth to the need for solutions to help healthcare organizations distribute medications more safely and efficiently. Corkern said, “Hospitals, extended-care facilities and correctional facilities are searching for solutions to improve medication safety. We help them most by enabling labor efficiencies and waste reduction to help pay for those quality improvements.”
Talyst's increase in revenues of 5,361.6 percent from 2003 to 2007 resulted in a number two ranking in the Technology Fast 50 for Washington State. The average increase in revenues among companies that made the Technology Fast 50 for this region was 828 percent.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2003 and $5,000,000 in 2007, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
Companies from the regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte’s Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit fast500.com.
About Talyst:
Talyst enables the intelligent pharmacy. The company provides automated systems to hospitals and other centralized pharmacies to improve accuracy and patient safety, while reducing costs and increasing productivity. Talyst equipment and its AutoPharm® software are used to package, barcode, store and track medication inventories. The company has more than 300 hospital and integrated healthcare system customers.
For more information, see the Talyst website, or call 877-4-Talyst (877-482-5978).
Each of the past three years, the company has ranked among the fastest growing companies in Washington State. It was also honored by Fast Company magazine’s “Fast 50 Reader Favorites” list, honoring innovative, progressive enterprises.
Talyst, AutoPharm and Engineering the Intelligent Pharmacy are trademarks of Talyst Inc. Other trade names are the property of their respective owners.
About Deloitte As used in this document, “Deloitte” means Deloitte LLP and Deloitte Services LP, a subsidiary of Deloitte LLP. Please see the Deloitte website for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

To see the original article please Click Here

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