AMICAS Reports Financial Results for the Fourth Fiscal Quarter and Year Ended Decembe...(rred revenue as well as several commitme...),Health

Dr. Kahane went on to say, "We delivered positive cash flows from operations every quarter in 2008. We did this while building our business through significant investments in both innovative research and development programs and important distribution initiatives. In the fourth quarter, several additional large radiology groups made the decision to use AMICAS products as the basis for their automation infrastructure going forward. Over the past year, AMICAS has been able to sign a number of very sophisticated and informed radiology groups and imaging service providers. We will continue to work hard to help these new partners succeed and to make sure others follow in their footsteps. Our top flight solutions -- which include the latest in teleradiology technology, PACS, RIS, revenue cycle management, business intelligence, and zero client referring physician tools -- continue to be viewed as extremely attractive as a result of the potential return on investment that can be delivered. It is noteworthy that, despite obstacles such as DRA and other reimbursement-related pressures such as increasing requirements related to pre-authorizations for studies, and despite the condition of the economy overall, these groups made the decision to take their automation support to the next level with industry leading offerings from AMICAS."

Dr. Kahane continued, "We believe that, especially in this challenging economic and imaging reimbursement environment, the delivery of record bookings for three quarters in a row reflects the progress we have made in sales execution and general company operations. At the same time, we have been diligent in our assessment of acquisition opportunities and, until very recently, have been reluctant to make a big move in this area. Our signing of a definitive agreement to acquire Emageon is a big move and one that we are extremely excite
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