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TeleTracking Technologies to Focus on Growth
Date:1/6/2009

Patient flow leader positioned for expanding role of patient flow automation

PITTSBURGH, Jan. 6 /PRNewswire/ -- 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, inc
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SOURCE TeleTracking Technologies
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