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Zanett, Inc. Jointly Develops Healthcare Software Package; 3 Installed Hospitals Completed, Rollout Planned for Further 8 Sites; Abundant Federal Stimulus Funding Available

NEW YORK, March 2 /PRNewswire-FirstCall/ -- Zanett Healthcare (Nasdaq: ZANE) today announced that is has jointly developed a CODS software package (Clinical Online Delivery System) to support standardized, evidence-based order sets at the point of care, arming doctors and clinicians with critical information to improve medication safety and patient care. With this solution, physicians and nurses will be able to spend more time with patients and less time on the charting required of them in creating paper records.

CODS was developed for hospitals who are as yet without a fully deployed electronic medical record system, as it serves as a "bridge" strategy to CPOE (Computerized Physician Order Entry). It is a quick value, low risk solution for those health organizations in the early stages of a 2-5 year implementation of their CPOE and EHR system.

The CODS software package performs three main functions:

  1. Allows the hospital to set up, maintain and update standardized order-sets centrally and conveniently for the entire hospital system.
  2. Allows physicians and other prescribers to use these up-to-date order sets from any internet connected computer, either at the office or at home, and prescribe medications and tests in an easy-to-use point-and-click manner without the disruption to workflow that a full EMR would cause.
  3. Allows management to evaluate prescribing patterns in their hospitals and update according to the latest guidelines and local practices.

Dennis Harkins, Zanett's President was recently quoted, "Three sites in a major heath provider's network are completed. We have a rollout plan for another 8 locations in process; furthermore, we have a dozen prospective clients with whom we are in active discussions, many of which we are on track to close within the next 90 days."

CODS allows providers to apply clinical decision support at the point of care, laying the foundation for demonstrating "meaningful use" of technology in the future, as outlined for obtaining federal stimulus funds established in the American Recovery and Reinvestment Act of 2009 (ARRA). Additional indirect benefits include the necessary change management required for physicians to fully adopt a future CPOE and will serve as a capable downtime solution once the CPOE has been fully implemented.

About Zanett, Inc.

Zanett (Nasdaq: ZANE) is a leading business process outsourcing (BPO), IT enabled services (ITES), and information technology (IT) consulting firm serving Fortune 500 corporations and mid-market organizations in Healthcare, Life Sciences, Manufacturing & Distribution, Retail, Gaming & Hospitality, and State & Local Government.

Zanett helps organizations align business objectives with outsourced technology-enabled services to create Real Enterprise Value. We serve the Fortune 500 and mid-market organizations in Healthcare, Life Sciences, Manufacturing & Distribution, Retail, Gaming & Hospitality, and State & Local Government with solutions ranging from business consulting as well as custom business solutions that integrate and implement Oracle's full suite of product offerings Oracle, JD Edwards, PeopleSoft, Seibel, including infrastructure technology and managed services together with associated Oracle Fusion technologies. Zanett employs over 225 professionals in North America and Asia with offices in Atlanta, Boston, Cincinnati, Indianapolis, Jacksonville, New York City, North Palm Beach, and Manila. For more information please visit http://www.zanett.com/ or http://healthcare.zanett.com/.

Certain statements in this news release regarding projected results of operations, or, projected results of financial plans or future strategies and initiatives, including, but not limited to, projections of revenue, projections of profitability, any and all future expectation, and plans for future activities may and should be regarded as "forward-looking statements'' within the meaning of the Securities Litigation Reform Act. These statements involve, among other things, known and unknown risks, uncertainties and other factors that may cause Zanett, Inc.'s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Zanett currently is considering, but in reality may or may not in the future implement any or all of the items and issues listed in any planned budget or strategic initiative, due to, among other things, known and unknown risks, uncertainties and other factors.

Circumstances do change, and if and when the landscape changes, Zanett shall endeavor to remain as flexible as possible, and adjust its strategy accordingly. Zanett, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, change in strategy, or otherwise. The aforementioned listing of risks and uncertainties is not inclusive. For a more detailed discussion of some, but not all, of the risks and uncertainties that may affect Zanett, Inc., see Zanett, Inc.'s filings with the Securities and Exchange Commission.

Neither Zanett, Inc. nor Zanett Oracle Solutions is a part of, a division of, nor a subsidiary of, nor in any other manner connected with Oracle Corporation, and no implication is made whatsoever to suggest as such.

    For more information please contact:
    Brad Gillespie
    Vice President, Marketing
    Zanett, Inc.
    (404) 849-7091
    [email protected]

SOURCE Zanett, Inc.

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