Talyst, a leader in pharmacy automation systems, is moving beyond the booth at the American Society of Health-System Pharmacists (ASHP) Expo taking place this week in Rosemont, Illinois. Groups of select pharmacists will go on site visits to Northwestern hospital pharmacy for an in-depth look at Talyst products in operation.
"For many pharmacists, there is nothing that compares to the value of seeing a fully-equipped and operational pharmacy," said Carla Corkern, Talyst CEO and chairman of the board. "We'll also be taking full advantage of the floor space at ASHP to exhibit our products that solve key issues pharmacists are dealing with today such as navigating 340B, controlling costs and ensuring the safety of patients."
See the solutions in the full article online at PRWeb
Monday, June 15, 2009
Thursday, June 11, 2009
Carla Corkern Elected as Talyst’s Chairman of the Board
The Board of Directors of Talyst, a leader in pharmacy automation, has elected
Carla Corkern, Talyst CEO, as its chairman.
Bellevue, WA (PRWEB) June 11, 2009 -- The Board of Directors of Talyst, a leader in pharmacy automation, has elected Carla Corkern as its chairman. Corkern joined Talyst in 2006, and was named to the board of directors in 2008. She was appointed CEO in late 2008. Corkern has led many of the company's largest ongoing initiatives, which include significant campaigns in new growth markets. Talyst's recent successes have been recognized through numerous industry awards including Inc. Magazine's "Inc. 500" list of fastest-growing U.S. private companies, the Deloitte "Fast 50" Technology Companies in Washington State, the Puget Sound Business Journal Fastest Growing Private Companies and the Bellevue Chamber of Commerce Eastside Business Awards. Corkern herself was recently included in the TechFlash Top 100 Women in Seattle Technology.
Lucinda Stewart, a managing director at OVP Venture Partners and Talyst board member, said: "The board selected Carla because of her demonstrated leadership and aggressive pursuit of growth, backed by smart strategy. She is well respected by her Talyst colleagues and is a leader in her community and industry. We believe Talyst is well positioned for the dramatic demographic and IT shifts that are occurring in healthcare, and Carla's vision for connecting Talyst with these opportunities is the right one for the times."
Corkern has more than 18 years of experience in high technology and supply chain management. Before joining Talyst, she served as chief operations officer at Vykor, Inc., a leading company in the management of the aerospace supply chain. She contributed to a plan that raised $28 million in venture capital funding and managed the company's software development, customer support, training and professional services. Prior to that, she served as a general manager for Netegrity's portal business and focused on integrating DataChannel into Netegrity. Corkern replaces Elliott Hayes of AIG, who remains a board member.
About Talyst:
Talyst is engineering the safer pharmacy. The company was founded in 2002 to provide easy-to-use, automated medication management systems to acute care hospital pharmacies. The following year, Talyst launched AutoPharm®, the innovative software platform designed to integrate medication storage, inventory, ordering, barcoding, and clinical systems.
By 2009, Talyst had installed automated systems in close to 400 acute care hospitals and integrated healthcare companies. By leveraging our expertise in acute care pharmacy automation, we are now building unique systems designed specifically to meet the needs of long-term care facilities and correctional institutions. Talyst is dedicated to delivering world-class software and proven hardware components to enhance efficiency, provide greater inventory control, and improve patient safety in all environments.
For more information, see the Talyst Website or call 877-4-Talyst (877-482-5978).
To see the original article, Click Here
Carla Corkern, Talyst CEO, as its chairman.
Bellevue, WA (PRWEB) June 11, 2009 -- The Board of Directors of Talyst, a leader in pharmacy automation, has elected Carla Corkern as its chairman. Corkern joined Talyst in 2006, and was named to the board of directors in 2008. She was appointed CEO in late 2008. Corkern has led many of the company's largest ongoing initiatives, which include significant campaigns in new growth markets. Talyst's recent successes have been recognized through numerous industry awards including Inc. Magazine's "Inc. 500" list of fastest-growing U.S. private companies, the Deloitte "Fast 50" Technology Companies in Washington State, the Puget Sound Business Journal Fastest Growing Private Companies and the Bellevue Chamber of Commerce Eastside Business Awards. Corkern herself was recently included in the TechFlash Top 100 Women in Seattle Technology.
Lucinda Stewart, a managing director at OVP Venture Partners and Talyst board member, said: "The board selected Carla because of her demonstrated leadership and aggressive pursuit of growth, backed by smart strategy. She is well respected by her Talyst colleagues and is a leader in her community and industry. We believe Talyst is well positioned for the dramatic demographic and IT shifts that are occurring in healthcare, and Carla's vision for connecting Talyst with these opportunities is the right one for the times."
Corkern has more than 18 years of experience in high technology and supply chain management. Before joining Talyst, she served as chief operations officer at Vykor, Inc., a leading company in the management of the aerospace supply chain. She contributed to a plan that raised $28 million in venture capital funding and managed the company's software development, customer support, training and professional services. Prior to that, she served as a general manager for Netegrity's portal business and focused on integrating DataChannel into Netegrity. Corkern replaces Elliott Hayes of AIG, who remains a board member.
About Talyst:
Talyst is engineering the safer pharmacy. The company was founded in 2002 to provide easy-to-use, automated medication management systems to acute care hospital pharmacies. The following year, Talyst launched AutoPharm®, the innovative software platform designed to integrate medication storage, inventory, ordering, barcoding, and clinical systems.
By 2009, Talyst had installed automated systems in close to 400 acute care hospitals and integrated healthcare companies. By leveraging our expertise in acute care pharmacy automation, we are now building unique systems designed specifically to meet the needs of long-term care facilities and correctional institutions. Talyst is dedicated to delivering world-class software and proven hardware components to enhance efficiency, provide greater inventory control, and improve patient safety in all environments.
For more information, see the Talyst Website or call 877-4-Talyst (877-482-5978).
To see the original article, Click Here
Thursday, May 7, 2009
Talyst Partners with Wellfount Pharmacy to Eliminate Medication Waste in Long-Term Care
Talyst InSite™, the first pharmacy automation system designed specifically for long-term care facilities, enables on-demand dispensing and saves nursing time
Bellevue, WA (PRWEB) May 7, 2009 -- Talyst announced today its new partnership with Wellfount Pharmacy, an Indianapolis-based pharmacy that services long-term care facilities. Wellfount will implement Talyst's InSite Remote Dispensing System in long-term care facilities to increase efficiency and reduce medication waste and errors. Talyst made the announcement today at the American Society of Consultant Pharmacists (ASCP) Midyear Meeting in Orlando, Florida.
"We looked at other dispensing solutions but Talyst was the only player that really understood the long-term care market," said Paul Leamon, president and CEO of Wellfount. "The complexities and regulations within the long-term care make it ripe for automation. We're working with Talyst to provide the technology that will save nurses time, make patients safer, and decrease medication waste -- positively impacting both the environment and the bottom line."
Traditionally, Wellfount would deliver medication inventory to long-term care facilities in 14- or 28-day supplies, creating medication waste whenever a patient's prescription changed, or the patient transferred facilities or passed away. Furthermore, according to Leamon, the patients Wellfount services take an average 12 prescriptions a day. With different doctors, pharmacists, administrators and nurses involved in each individual prescription, yet not always in direct contact with one another, the potential for error was always a top concern.
With the InSite Remote Dispensing System, Talyst places a freestanding, secure dispensing unit on site at the long-term care facility. When it is time for a patient to receive their medications, the InSite unit dispenses patient-specific multi-dose packets, each printed with the patient's name, the name of the medication, and a verifying bar code. The nurse scans the bar code with a handheld scanner, verifies the patient and medication information, and administers the medications. Because the prescriptions are dispensed on-demand, there is practically no opportunity for error or waste.
Medication orders can be approved by a distant pharmacist and immediately dispensed at the long-term care facility. The automated system means prescription changes or STAT orders are not delayed by delivery times. The facility also requires less medication inventory on-hand because inventory is determined by actual usage.
"Wellfount is a forward-thinking pharmacy that is responding to a widespread need in the long-term care industry, and that is to reduce waste, improve safety and save nursing time," explains Carla Corkern, CEO of Talyst. "We developed InSite to service this need, and early installations have shown a reduction in nursing medication prep time by up to 75 percent, and Medicare Part A waste was nearly eliminated."
Talyst's partnership with Wellfount represents the growing number of pharmacies and long-term care facilities that are realizing the benefits of the InSite Remote Dispensing System. As long-term care populations swell and nursing shortages worsen, implementing technology can ease the labor burden, improve patient safety and curb medication waste.
For further information, visit Talyst's booth number 1001 at ASCP, or www.talyst.com.
About Talyst:
Talyst is engineering the safer pharmacy. The company was founded in 2002 to provide automated medication management systems to acute care hospital pharmacies. The following year, Talyst launched AutoPharm® , the innovative software platform designed to integrate medication storage, inventory, ordering, barcoding, and clinical systems.
By 2009, Talyst had installed automated systems in close to 400 acute care hospitals and integrated healthcare companies. By leveraging our expertise in acute care pharmacy automation, we are now building unique systems designed specifically to meet the needs of long-term care facilities and correctional institutions. Talyst is dedicated to delivering world-class software and proven hardware components to enhance efficiency, provide greater inventory control, and improve patient safety in all environments. For more information, see talyst.com or call 877-4-Talyst (877-482-5978).
To see the full article, Click Here
Bellevue, WA (PRWEB) May 7, 2009 -- Talyst announced today its new partnership with Wellfount Pharmacy, an Indianapolis-based pharmacy that services long-term care facilities. Wellfount will implement Talyst's InSite Remote Dispensing System in long-term care facilities to increase efficiency and reduce medication waste and errors. Talyst made the announcement today at the American Society of Consultant Pharmacists (ASCP) Midyear Meeting in Orlando, Florida.
"We looked at other dispensing solutions but Talyst was the only player that really understood the long-term care market," said Paul Leamon, president and CEO of Wellfount. "The complexities and regulations within the long-term care make it ripe for automation. We're working with Talyst to provide the technology that will save nurses time, make patients safer, and decrease medication waste -- positively impacting both the environment and the bottom line."
Traditionally, Wellfount would deliver medication inventory to long-term care facilities in 14- or 28-day supplies, creating medication waste whenever a patient's prescription changed, or the patient transferred facilities or passed away. Furthermore, according to Leamon, the patients Wellfount services take an average 12 prescriptions a day. With different doctors, pharmacists, administrators and nurses involved in each individual prescription, yet not always in direct contact with one another, the potential for error was always a top concern.
With the InSite Remote Dispensing System, Talyst places a freestanding, secure dispensing unit on site at the long-term care facility. When it is time for a patient to receive their medications, the InSite unit dispenses patient-specific multi-dose packets, each printed with the patient's name, the name of the medication, and a verifying bar code. The nurse scans the bar code with a handheld scanner, verifies the patient and medication information, and administers the medications. Because the prescriptions are dispensed on-demand, there is practically no opportunity for error or waste.
Medication orders can be approved by a distant pharmacist and immediately dispensed at the long-term care facility. The automated system means prescription changes or STAT orders are not delayed by delivery times. The facility also requires less medication inventory on-hand because inventory is determined by actual usage.
"Wellfount is a forward-thinking pharmacy that is responding to a widespread need in the long-term care industry, and that is to reduce waste, improve safety and save nursing time," explains Carla Corkern, CEO of Talyst. "We developed InSite to service this need, and early installations have shown a reduction in nursing medication prep time by up to 75 percent, and Medicare Part A waste was nearly eliminated."
Talyst's partnership with Wellfount represents the growing number of pharmacies and long-term care facilities that are realizing the benefits of the InSite Remote Dispensing System. As long-term care populations swell and nursing shortages worsen, implementing technology can ease the labor burden, improve patient safety and curb medication waste.
For further information, visit Talyst's booth number 1001 at ASCP, or www.talyst.com.
About Talyst:
Talyst is engineering the safer pharmacy. The company was founded in 2002 to provide automated medication management systems to acute care hospital pharmacies. The following year, Talyst launched AutoPharm® , the innovative software platform designed to integrate medication storage, inventory, ordering, barcoding, and clinical systems.
By 2009, Talyst had installed automated systems in close to 400 acute care hospitals and integrated healthcare companies. By leveraging our expertise in acute care pharmacy automation, we are now building unique systems designed specifically to meet the needs of long-term care facilities and correctional institutions. Talyst is dedicated to delivering world-class software and proven hardware components to enhance efficiency, provide greater inventory control, and improve patient safety in all environments. For more information, see talyst.com or call 877-4-Talyst (877-482-5978).
To see the full article, Click Here
Healthcare IT News Commentary: While reforming, let’s not overlook long-term care
As our federal government prepares to invest billions of dollars to modernize healthcare, and reform is at the forefront of the agenda, policymakers should take a close look at the huge opportunities at our fingertips that can dramatically reduce medication waste and increase patient safety within long-term care facilities.
If there’s ever been a time to spend every dollar wisely, it’s now. At the very time our economy is floundering, long-term care residency is growing by leaps and bounds. Baby Boomers are aging, and medical advances on all fronts enable patients to live longer with chronic conditions. Despite this need for prudent spending, $376 million of medications, mainly through unconsumed drugs, are flushed down toilets in long-term facilities every year.
Well-intentioned caregivers have little choice. Their hands are bound by red tape, contradictory regulations, and old-fashioned pharmacy relationships that don’t provide any option but to order meds in large quantities and flush or incinerate the unused portions.
Patient safety is also a significant concern as long-term care facilities struggle to manage increasingly complex drug regimens for those in their care. According to Paul Leamon, president and CEO of Wellfount, an Indiana pharmacy that services mainly long-term care facilities, their average patient takes a staggering 12 prescriptions a day. While that number itself is astounding, one must also consider the multiple numbers of people participating in the medication delivery process. There are different doctors, pharmacists, administrators and nurses across various shifts involved in each individual prescription, exponentially increasing the chance of medication errors.
Best practices can be learned, however, from acute care. Facilities across the country have achieved significant ROI and improved patient safety through on-demand, 100 percent-automated medication dispensing, which dispenses individually packaged, bar-coded prescriptions for each individual patient. No more valuable nursing time wasted by popping pills out of blister packs into little paper cups. No more millions of dollars wasted because they have to flush 27 of the 30 doses in standard-delivery blister packs because the doctor changed a patient’s prescription two days into treatment, or the patient was released, transferred to another facility, or passed away.
Wellfount is blazing the trail by implementing this technology to service its more than 40 institutions. When it’s time for Mrs. Smith’s medication, for example, the InSite unit dispenses her medications in individually sealed packets, each printed with her name, the name of the medication, and a verifying bar code. The nurse scans the bar code with a hand-held scanner, verifies the patient and medication information, and administers the meds to her. Because the prescriptions are dispensed on-demand and only one dose at a time, the opportunity for medication error or medication waste is greatly reduced.
Leamon predicts that providers of “smart” health IT technology – like the software and hardware that runs Wellfount’s remote dispensing machines – will fare well in this economic climate. There is an extraordinary new interest in saving money and increasing patient safety. Even the federal government has set aside $19 billion for technology solutions that usher in meaningful change.
There’s no doubt that we need to be strategic and forward thinking about healthcare spending. But while we’re looking down the road at the eventual benefits of this and that, we should also target the low-hanging fruit that yield immediate, dramatic and measurable effects on patient safety and rising healthcare costs.
Carla Corkern chief executive officer at Talyst, has helped build several highly-successful technology companies, and has more than 18 years of experience in high-tech and supply chain management.
See the full article here
If there’s ever been a time to spend every dollar wisely, it’s now. At the very time our economy is floundering, long-term care residency is growing by leaps and bounds. Baby Boomers are aging, and medical advances on all fronts enable patients to live longer with chronic conditions. Despite this need for prudent spending, $376 million of medications, mainly through unconsumed drugs, are flushed down toilets in long-term facilities every year.
Well-intentioned caregivers have little choice. Their hands are bound by red tape, contradictory regulations, and old-fashioned pharmacy relationships that don’t provide any option but to order meds in large quantities and flush or incinerate the unused portions.
Patient safety is also a significant concern as long-term care facilities struggle to manage increasingly complex drug regimens for those in their care. According to Paul Leamon, president and CEO of Wellfount, an Indiana pharmacy that services mainly long-term care facilities, their average patient takes a staggering 12 prescriptions a day. While that number itself is astounding, one must also consider the multiple numbers of people participating in the medication delivery process. There are different doctors, pharmacists, administrators and nurses across various shifts involved in each individual prescription, exponentially increasing the chance of medication errors.
Best practices can be learned, however, from acute care. Facilities across the country have achieved significant ROI and improved patient safety through on-demand, 100 percent-automated medication dispensing, which dispenses individually packaged, bar-coded prescriptions for each individual patient. No more valuable nursing time wasted by popping pills out of blister packs into little paper cups. No more millions of dollars wasted because they have to flush 27 of the 30 doses in standard-delivery blister packs because the doctor changed a patient’s prescription two days into treatment, or the patient was released, transferred to another facility, or passed away.
Wellfount is blazing the trail by implementing this technology to service its more than 40 institutions. When it’s time for Mrs. Smith’s medication, for example, the InSite unit dispenses her medications in individually sealed packets, each printed with her name, the name of the medication, and a verifying bar code. The nurse scans the bar code with a hand-held scanner, verifies the patient and medication information, and administers the meds to her. Because the prescriptions are dispensed on-demand and only one dose at a time, the opportunity for medication error or medication waste is greatly reduced.
Leamon predicts that providers of “smart” health IT technology – like the software and hardware that runs Wellfount’s remote dispensing machines – will fare well in this economic climate. There is an extraordinary new interest in saving money and increasing patient safety. Even the federal government has set aside $19 billion for technology solutions that usher in meaningful change.
There’s no doubt that we need to be strategic and forward thinking about healthcare spending. But while we’re looking down the road at the eventual benefits of this and that, we should also target the low-hanging fruit that yield immediate, dramatic and measurable effects on patient safety and rising healthcare costs.
Carla Corkern chief executive officer at Talyst, has helped build several highly-successful technology companies, and has more than 18 years of experience in high-tech and supply chain management.
See the full article here
Wednesday, April 29, 2009
Talyst Wins Eastside's small business of the year
The Bellevue Chamber of Commerce handed out awards to Eastside companies that uphold a strong commitment to quality, community and innovation. The awards were part of the 20th Annual Bellevue Chamber of Commerce Eastside Business Awards luncheon April 29.
“From Kirkland to Bothell, Redmond to Bellevue, this year’s winners and finalists are making an impact on their communities and their competition," said Betty Nokes, President and CEO, Bellevue Chamber of Commerce. "They demonstrate a strong entrepreneurial spirit in response to a challenging economy,”
Fifteen finalists were chosen and five winners were honored with awards.
Eastside Business of the Year – Expedia, Inc. (Bellevue)
Finalists: Esterline Corporation (Bellevue) and SonoSite, Inc. (Bothell)
Expedia was recognized for its superior performance, history of revenue growth exceeding $10 million, strength of leadership team, ability to seize new market opportunities, and their development of unique partnerships with the community.
Eastside Small Business – Talyst (Bellevue)
Finalists: Netstar Communications, Inc. (Bellevue) and PCSI Design (Bothell)
Talyst was recognized for its superior performance, history of revenue growth, a growing staffing plan, and ability to seize new market opportunities, new approaches and new technologies.
Eastside Emerging Business – Magellan Architects, (Redmond)
Finalists: Intelius, Inc. (Bellevue) and Pathway Medical Technologies, Inc. (Kirkland)
Magellan Architects was recognized for achieving a presence in the Eastside business community and demonstrating consistent and significant growth.
Eastside Non-Profit/Community Impact – Eastside Baby Corner, (Issaquah)
Finalists: AtWork! (Bellevue) and Friends of Youth (Redmond,)
Eastside Baby Corner was recognized for its commitment to making the Eastside a better place to live through the development and operation of programs that benefit the community.
Eastside Outstanding Community Citizen – BarclayDean, (Bellevue)
Finalists: Intelius, Inc. (Bellevue) and Tutoring Club (Bellevue)
BarclayDean was recognized for its sustained commitment to programs and activities that benefit the Eastside community.
Any business located on the Eastside was eligible to compete for an award. Companies submitted applications based on category guidelines that were judged by an independent panel of regional business leaders.
“From Kirkland to Bothell, Redmond to Bellevue, this year’s winners and finalists are making an impact on their communities and their competition," said Betty Nokes, President and CEO, Bellevue Chamber of Commerce. "They demonstrate a strong entrepreneurial spirit in response to a challenging economy,”
Fifteen finalists were chosen and five winners were honored with awards.
Eastside Business of the Year – Expedia, Inc. (Bellevue)
Finalists: Esterline Corporation (Bellevue) and SonoSite, Inc. (Bothell)
Expedia was recognized for its superior performance, history of revenue growth exceeding $10 million, strength of leadership team, ability to seize new market opportunities, and their development of unique partnerships with the community.
Eastside Small Business – Talyst (Bellevue)
Finalists: Netstar Communications, Inc. (Bellevue) and PCSI Design (Bothell)
Talyst was recognized for its superior performance, history of revenue growth, a growing staffing plan, and ability to seize new market opportunities, new approaches and new technologies.
Eastside Emerging Business – Magellan Architects, (Redmond)
Finalists: Intelius, Inc. (Bellevue) and Pathway Medical Technologies, Inc. (Kirkland)
Magellan Architects was recognized for achieving a presence in the Eastside business community and demonstrating consistent and significant growth.
Eastside Non-Profit/Community Impact – Eastside Baby Corner, (Issaquah)
Finalists: AtWork! (Bellevue) and Friends of Youth (Redmond,)
Eastside Baby Corner was recognized for its commitment to making the Eastside a better place to live through the development and operation of programs that benefit the community.
Eastside Outstanding Community Citizen – BarclayDean, (Bellevue)
Finalists: Intelius, Inc. (Bellevue) and Tutoring Club (Bellevue)
BarclayDean was recognized for its sustained commitment to programs and activities that benefit the Eastside community.
Any business located on the Eastside was eligible to compete for an award. Companies submitted applications based on category guidelines that were judged by an independent panel of regional business leaders.
Saturday, April 4, 2009
Tackling Medication Waste in Corrections 4/4/09
Talyst InSite™, the first pharmacy automation system designed specifically for correctional facilities, enables on-demand dispensing and saves nursing time.
Bellevue, Wash., April 4, 2009 – Every year, millions of dollars’ worth of inmate medications and nursing staff hours are wasted. Inaccurate or incomplete patient information leads to errors ranging from wrong location to wrong medication, and outmoded, time-consuming dispensing practices are aggravated by a shortage of nurses that reaches a staggering 54 percent in some areas. Providing healthcare in a correctional environment also poses unique challenges in terms of security, timeliness, regulatory compliance, and exposure to potential liability.
In response to such pervasive concerns, Talyst, a leader in pharmacy automation systems, developed InSite™ for Corrections, the first pharmacy automation solution designed for use in correctional facilities.
“Failing to leverage existing resources and technology to improve the corrections health care system is tantamount to letting crops rot during a famine,” said Carla Corkern, CEO of Talyst. “Providing on-demand medication dispensing with patient-specific packaging ensures the right patient gets the right medication every time. Talyst empowers facilities to virtually eliminate waste and medication errors and save enormous amounts of nursing time—all while improving inmate care.”
With the system, Talyst places a freestanding, secure dispensing unit on-site at the correctional facility. Medication orders can be approved by a distant pharmacist, and immediately dispensed at the correctional facility. The automated system means no more waiting for the next delivery for STAT orders and, because it’s based on actual usage, it requires less medication inventory on-hand. Facilities using the InSite system have also demonstrated that it takes nursing staff a fraction of the time previously required to dispense medications.
Nationwide, a growing number of correctional facilities are implementing the InSite Remote Dispensing System. Parkland Jail Health in Dallas, TX; the Allegheny Correctional Health System in Pittsburgh, PA; and Westchester Medical Center in New York State are the latest facilities to begin implementing Talyst InSite for Corrections. Talyst announced the new implementations at the National Commission on Correctional Health Care conference, underway this week at the Flamingo Las Vegas.
A comprehensive solution
InSite 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 – InSite Prescriber Order Entry is designed to dramatically reduce transcription errors that lead to patient-safety risks
• Integrated patient information – InSite Pharmacy Information System automates the pharmacy operations to maximize efficiency and ensure patient safety
• Automated dispensing – The InSite Remote Dispensing System provides on-site, on-demand automation for preparing patient-specific oral medication doses
Link:eMedia Wire release
About Talyst
Talyst is engineering the safer pharmacy. The company was founded in 2002 to provide easy-to-use, automated medication management systems to acute care hospital pharmacies. The following year, Talyst launched AutoPharm®, the innovative software platform designed to integrate medication storage, inventory, ordering, bar-coding, and clinical systems.
By 2009, Talyst had installed automated systems in close to 400 acute care hospitals and integrated healthcare companies. By leveraging our expertise in acute care pharmacy automation, we are now building unique systems designed specifically to meet the needs of long-term care facilities and correctional institutions. Talyst is dedicated to delivering world-class software and proven hardware components to enhance efficiency, provide greater inventory control, and improve patient safety in all environments. For more information, see www.talyst.com or call 877-4-Talyst (877-482-5978).
Bellevue, Wash., April 4, 2009 – Every year, millions of dollars’ worth of inmate medications and nursing staff hours are wasted. Inaccurate or incomplete patient information leads to errors ranging from wrong location to wrong medication, and outmoded, time-consuming dispensing practices are aggravated by a shortage of nurses that reaches a staggering 54 percent in some areas. Providing healthcare in a correctional environment also poses unique challenges in terms of security, timeliness, regulatory compliance, and exposure to potential liability.
In response to such pervasive concerns, Talyst, a leader in pharmacy automation systems, developed InSite™ for Corrections, the first pharmacy automation solution designed for use in correctional facilities.
“Failing to leverage existing resources and technology to improve the corrections health care system is tantamount to letting crops rot during a famine,” said Carla Corkern, CEO of Talyst. “Providing on-demand medication dispensing with patient-specific packaging ensures the right patient gets the right medication every time. Talyst empowers facilities to virtually eliminate waste and medication errors and save enormous amounts of nursing time—all while improving inmate care.”
With the system, Talyst places a freestanding, secure dispensing unit on-site at the correctional facility. Medication orders can be approved by a distant pharmacist, and immediately dispensed at the correctional facility. The automated system means no more waiting for the next delivery for STAT orders and, because it’s based on actual usage, it requires less medication inventory on-hand. Facilities using the InSite system have also demonstrated that it takes nursing staff a fraction of the time previously required to dispense medications.
Nationwide, a growing number of correctional facilities are implementing the InSite Remote Dispensing System. Parkland Jail Health in Dallas, TX; the Allegheny Correctional Health System in Pittsburgh, PA; and Westchester Medical Center in New York State are the latest facilities to begin implementing Talyst InSite for Corrections. Talyst announced the new implementations at the National Commission on Correctional Health Care conference, underway this week at the Flamingo Las Vegas.
A comprehensive solution
InSite 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 – InSite Prescriber Order Entry is designed to dramatically reduce transcription errors that lead to patient-safety risks
• Integrated patient information – InSite Pharmacy Information System automates the pharmacy operations to maximize efficiency and ensure patient safety
• Automated dispensing – The InSite Remote Dispensing System provides on-site, on-demand automation for preparing patient-specific oral medication doses
Link:eMedia Wire release
About Talyst
Talyst is engineering the safer pharmacy. The company was founded in 2002 to provide easy-to-use, automated medication management systems to acute care hospital pharmacies. The following year, Talyst launched AutoPharm®, the innovative software platform designed to integrate medication storage, inventory, ordering, bar-coding, and clinical systems.
By 2009, Talyst had installed automated systems in close to 400 acute care hospitals and integrated healthcare companies. By leveraging our expertise in acute care pharmacy automation, we are now building unique systems designed specifically to meet the needs of long-term care facilities and correctional institutions. Talyst is dedicated to delivering world-class software and proven hardware components to enhance efficiency, provide greater inventory control, and improve patient safety in all environments. For more information, see www.talyst.com or call 877-4-Talyst (877-482-5978).
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.
“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.
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.
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.
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.
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.
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
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
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
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
Friday, August 13, 2004
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