Acquisition of Knowledge-Forge Provides e-Learning Technology Platform to Assist Blood Centers and Hospitals With Tracking Training Compliance
http://www.mediware.com () —
Mediware Information Systems, Inc (http://www.mediware.com) . (NASDAQ: MEDW) announced today that it has launched KnowledgeTrak, a new product that offers healthcare managers automated tools to oversee training requirements. The system uniquely delivers and documents training offerings, tracks compliance and assesses competencies, all within a single software solution. It will be fully integrated with Mediware's LifeTrak blood management software, which provides 510(k) cleared donor management capabilities including eligibility, laboratory and distribution.
KnowledgeTrak leverages the assets and expertise of recently acquired Knowledge-Forge, an e-learning and compliance management company based in Denver, Colo. With years of experience working with blood centers, hospitals, laboratories and medical device manufacturers, Knowledge-Forge has a unique understanding of healthcare training as well as the unique requirements of regulatory compliance management. It has provided knowledge management services to a broad selection of blood centers, hospitals and the AABB (formerly known as the American Association of Blood Banks).
"Blood centers are required to document the training, certifications and competencies of their staff -- a function that is highly inefficient and labor intensive, yet essential in the regulated environments of blood centers and hospital blood banks," said Thomas Mann, Mediware's president and chief executive officer. "Through the acquisition of Knowledge-Forge we have a comprehensive library of e-learning content as well as a proven delivery system that will be a valuable addition to our blood management business."
The KnowledgeTrak solution uses a proprietary Compliance & Learning Management System (CLMS) to provide an easy to use, and easy to deploy, system designed especially for blood centers and hospital-based blood banks. It assures perfect staff compliance to training goals and regulatory requirements. Courseware from KnowledgeTrak's extensive K-Book compliance library can be used off-the-shelf or tailored to incorporate customer SOPs, images and edits -- providing the fastest and most effective deployment possible. KnowledgeTrak also provides training development tools and can create custom content for any e-learning platform.
"We see an immediate need within our growing base of existing blood management customers -- both on the blood center and hospital markets," continued Mr. Mann. "The stand-alone option of this product is powerful, but when integrated into our suite of Blood Center Technologies products, the value proposition to our partner clients is unmatched in the industry today."
Mediware, which did not release the terms of the Knowledge-Forge acquisition, will begin offering the KnowledgeTrak solution as an integrated part of its Blood Center Technologies in May 2010.
About Mediware (http://www.mediware.com) Mediware delivers interoperable, best-of-breed software systems that integrate with electronic medical records to improve efficiencies and address safety concerns enabling healthcare organizations to improve care processes while decreasing costs. Core Mediware solutions include blood management technologies for hospitals and blood centers; medication management solutions for hospitals, behavioral health facilities, infusion and specialty pharmacy providers; and business intelligence-based performance management solutions for clinical, regulatory and financial aspects of the broader healthcare market. For more information about Mediware products and services, visit our Web site at www.mediware.com (http://www.mediware.com) .
Certain statements in this press release may constitute "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, as the same may be amended from time to time (the "Act") and in releases made by the SEC from time to time. Such forward-looking statements are not based on historical facts and involve known and unknown risks, uncertainties and other factors disclosed in the Company's Annual Report on Form 10-K for the year ended June 30, 2009, which may cause the actual results of the Company to be materially different from any future results expressed or implied by such forward-looking statements. The Company disclaims any obligation to update its forward-looking statements.