TeleTracking Technologies to Focus on Growth



    
    Patient flow leader positioned for expanding role of patient flow
automation

    
    PITTSBURGH, Jan. 6 /CNW/ -- Since 1991, TeleTracking Technologies has
been helping its clients, now more than 700 hospitals, solve their patient
flow and bed management challenges.  The need to increase capacity and improve
patient flow is now even more critical, as over half of U.S. hospitals have
postponed building and expansion plans because of the current economy,
according to a recent American Hospital Association survey.
    

    
    TeleTracking Technologies realized over 500% growth in the past seven
years, and is anticipating another period of expansion.  In preparation,
TeleTracking Technologies has expanded its management team and forged new
strategic business development arrangements to provide cost-effective, proven
automated patient flow solutions which can maximize existing capacity through
more efficient bed management.
    

    
    According to company President and CEO, Anthony M. Sanzo, "In 2008, two
competing providers of patient flow and visibility applications divested by
selling assets to multipurpose IT corporations.  TeleTracking Technologies
believes strongly in the need to provide hospitals with best of breed
solutions to the complex problems which affect patient flow.  We see this as a
time to invest in the future, not divest." Sanzo today announced the
appointment of Mike Nelson as Senior Vice President of Business Development,
and the promotions of Don DeCorte to Senior Vice President/Chief Technology
Officer and Kirk Stephen to Executive Vice President. Mr. Stephens will
continue as Chief Financial Officer (CFO) and Chief Operating Officer (COO).
    

    
    Mr. Nelson will assist the executive leadership team in strategic
acquisition and business development initiatives to the company's portfolio
into other areas along the patient flow continuum. He brings to that role a
history of managing corporate growth, including broad experience in venture
capital, investment banking, strategic healthcare consulting, mergers and
acquisition, and management of banking operations, information technology,
sales and marketing and regulatory compliance.
    

    
    A former managing director/vice president of Redleaf Group, Nelson raised
capital for a number of technology companies and played key roles in several
joint ventures. He also founded and served as executive vice president and
manager of VentureBank, the merchant banking unit of PNC Bank Corporation
which targeted high technology and growth companies at all stages of
development.
    

    
    Since joining TeleTracking as VP of Development, Mr. DeCorte has assumed
increasing levels of responsibility for the company's existing and future
technology platforms, especially its newly designed TeleTracking XT product
platform.  His move to Senior Vice President positions the company for growth
and solidifies TeleTracking's long term commitment to developing the
industry's most complete, end-to-end patient flow applications for clients and
prospects.
    

    
    The Company's current CFO and COO, Mr. Stephen's promotion to Executive
Vice President recognizes his many years of contributions to TeleTracking's
previous growth. It also helps position the Company for future senior
management growth as it concentrates its efforts to grow its product portfolio
in other areas of patient flow automation.
    

    About TeleTracking Technologies

    
    TeleTracking Technologies is the world-leading provider of automated
patient flow and capacity management solutions. With more than 740 hospitals
using its patient flow solutions, and over 50 software engineers and related
professionals in its employ, TeleTracking has committed to maintaining its
lead in the automated flow technology industry which it created. The
privately-held, Pittsburgh based company, ranked "Category Leader - Bed
Management" by healthcare marketing firm KLAS for the last two years, is one
of the fastest growing companies in the healthcare technology sector.
    


    




For further information:

For further information: Christopher Anderson, Director of Marketing,
+1-412-391-6369, canderson@teletracking.com, or Dennis Morabito, Sr. Mgr.,
Marketing Communications, +1-412-391-6078, dmorabito@teletracking.com, both of
TeleTracking Technologies Web Site: http://www.teletracking.com

Organization Profile

TeleTracking Technologies, Inc.

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