ReadSoft signs multi-year contract with DISC Corporation to process in excess of 50 million documents per year
ReadSoft has brought XBOUND, its large-scale automation solution, from Europe to North America with its first enterprise sale of the BPO solution to DISC Corporation, a Missouri-based, USA, document management service provider in the healthcare sector. The agreement was signed in the second quarter of 2013, and estimated annual revenues from the BPO/Service Bureau provider contract are expected to be a million dollars per year.
DISC Corporation has over 55 years of experience as a service provider to the healthcare sector, specializing in the digitization of patient records for ambulatory care providers into their respective Electronic Health Records (EHR) systems. To deliver the BetterChart solution, the organization automates the end-to-end process of the document type classification and data capture of its clients’ patient records, affording its clients invaluable time and the necessary tools to continue to grow comfortably. But to meet existing service level agreements with its clients, DISC initially hand-keyed this information to ensure document type and patient record information were captured and processed in a timely fashion.
Together with ReadSoft, the service provider has eliminated the need to manually key its business-critical data entry function and can continuously increase its document volumes while retaining the same number of staff. As a robust central solution platform, XBOUND leverages automatic classification and indexing to standardize incoming information and initiate document-driven processes. The solution allows DISC to rapidly onboard new BetterChart customers via a flexible, pre-configured design tool (Process Designer), which is inherent to XBOUND.
“ReadSoft’s newly acquired XBOUND technology will prove to be a winner in the BPO space with its ability to onboard new clients rapidly while handling high volumes and multiple document types,” said Patrick Karpen, President of DISC Corporation. “We are eager to leverage this technology in our existing service offering and realize the tangible benefits of a solution that supports our long-term growth.”
“We are excited to see how the North American market has embraced XBOUND, a proven solution that European service providers have utilized for many years,” says Per Åkerberg, President and CEO of ReadSoft. “By providing applications for process design and monitoring, ReadSoft offers a clear, competitive advantage to North American service providers.”
This information is such that ReadSoft AB (publ) is to publish in accordance with the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on June 20, 2013 at 09.15 CET.
For additional information, please contact
ReadSoft AB
Johan Holmqvist, Vice President Corporate Communications
Phone: +46 708 37 66 77
Email: johan.holmqvist@readsoft.com
About ReadSoft
ReadSoft is a leading global provider of software solutions for document process automation in the cloud or on premise. ReadSoft is by far the world’s number one choice for invoice processing automation, especially into business systems from SAP and Oracle. ReadSoft’s software enables companies to automate document processes such as accounts payable processing, and mailroom automation. Since the start in 1991, ReadSoft has grown to a worldwide group with operations in 17 countries on six continents and a network of local and global partners. The head office is located in Helsingborg, Sweden, and the ReadSoft share is traded on the NASDAQ OMX Stockholm's Small Cap list. For more information about ReadSoft, please visit www.readsoft.com
About DISC Corporation
DISC Corporation is a leading provider of solutions in the ambulatory healthcare market. DISC’s solutions focus on improving the processes surrounding the electronic medical record including digitization, data extraction and data conversions. DISC partners with leading ambulatory EMR systems to allow their mutual clients the ability to optimize their software investment while improving patient care. DISC has clients throughout the United States and is headquartered in St. Louis, Missouri. For more information about DISC please visit www.disccorporation.com.
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