Latest News
January 5, 2012
Clinical Conductor™ CTMS continues to be recognized as the industry’s leading solution
Rochester, NY – January 5, 2012 – Bio-Optronics, Inc. is pleased to announce further increase of demand for Clinical Conductor™ CTMS. The family of clinical trial management systems continues to receive outstanding customer response for both the Site and the Enterprise solution.
Recent customer response indicates that the biggest advantage of Clinical Conductor™ CTMS is its ability to manage finances, forecast financials, facilitate patient recruitment, track regulatory issues, and provide a collaboration and information sharing platform.
Industry professionals often emphasize that managing finances is one of the biggest workflow challenges for their site and that this can be facilitated by Clinical Conductor™ Site CTMS in a very accurate and comprehensive way. The optional software integration with QuickBooks accounting software and other systems, as well as the patient recruitment tools are also some of the features customers identify as promising tools that can significantly help their business.
Potential customers, having received a demonstration of the product, often anticipate the CTMS will lead to faster and more accurate workflows, higher efficiency, productivity, and huge time savings. Established customers keep acknowledging these results after having implemented the software for only a few months.
Clinical Conductor™ Enterprise CTMS, for research sponsors, CROs, SMOs, and all partners, includes the same features like Site CTMS, and is also recognized for these. But in addition, the Enterprise solution comprises expanded tools for enterprise-wide project management, streamlined collaboration, and regulatory tracking, which impresses many organizations with the need for improved collaboration among their clinical research network.
"It has definitely been a benefit to our workflow, by enhancing the transparency of our financial relationship with the site and the sponsor,” said Allison DuBuisson, MS CCRC, Senior Clinical Trial Project Manager with Greenway Medical Technologies’ Research Services. “Specific gains include eliminating questions from sites about our invoices by providing a system for tracking sponsor payments and patient stipends that sites would have had to invent for themselves."
Most of Bio-Optronics’ customers first heard about Clinical Conductor™ through personal connections and word-of-mouth recommendations, which proves the efficacy of the CTMS and its high relevance for successful trial management. Many professionals decided to implement Bio-Optronics’ comprehensive CTMS to eliminate the need for spreadsheets, but there are also about 40% of Clinical Conductor customers, who used a competitor’s CTMS before and switched to Bio-Optronics’ solution. This is one of the reasons Clinical Conductor has distinguished itself as the industry’s leading, most sophisticated CTMS.
Bio-Optronics, Inc. develops, deploys, and operates software products and custom information technology solutions to help healthcare professionals manage and optimize workflow, thus enhancing quality, productivity, and patient and staff satisfaction. For over 26 years, Bio-Optronics has demonstrated leadership in innovation, expertise in workflow and integration, and a focus on unparalleled customer service.
Bio-Optronics, +1 585-272-7273, http://www.bio-optronics.com; Isabel Herrmann, Marketing iherrmann@bio-optronics.com
December 20, 2011
Managing Study Finances with Clinical Conductor™ Site CTMS
Rochester, NY – December 14, 2011 – Bio-Optronics, Inc. offers a broad range of financial management tools for clinical research businesses. The comprehensive clinical trial management software, Clinical Conductor™ Site CTMS, includes many features for financial planning, forecasting, tracking, and payment handling.
While working with many research facilities, Bio-Optronics has learned that one of the biggest problems for sites is tracking their finances, knowing what has been paid, what still has a balance due, and what is owed.
The entire process, from negotiating a new contract to tracking payments, is difficult to manage due to many factors. Most clinical studies have very specific, often confusing, contract terms for situations such as screen failed patients and optional procedures. There may be a holdback percentage that is withheld from payments until the end of the trial. Sites also have many costs that they need to track separately from their revenue, such as patient stipends and payments to partners.
The Clinical Conductor CTMS system has helped many research sites track these items as well as many other financial challenges that sites face every day. At the beginning of the process, Clinical Conductor provides tools to quickly forecast how much a study will cost, to ensure that the site can negotiate the best rate with the sponsor. It provides decision support tools to allow the site to determine if the study is a feasible and promising option.
Mike Ellis, Site Director at Pensacola Research Consultants, experiences the impact of these tools on a daily basis. “With Clinical Conductor, I can anticipate much better whether or not a study is feasible from both the financial and staffing perspectives. This helps me manage my resources much more effectively. The system allows me to manage my finances with the click of a button, and makes my business more efficient and streamlined,” states Mike.
During the study, the software also automates the process of tracking expenses, so that sites can see what they owe for patient stipends, provider reimbursements, or payments to outside vendors. Clinical Conductor tracks costs and payments proactively and thus, avoids unpleasant surprises.
It is important for any CTMS to include the flexibility to account for exceptions and changes that sites encounter, while simultaneously maintaining accuracy. Clinical Conductor’s tools provide that flexibility because the system easily learns and remembers. For example, specific contract terms for screen failures or other special statuses can be quickly set up individually. This provides reassurance for sites to make sure they are not overstating their revenue for these special cases; while at the same time, ensuring that they are getting paid for everything by the sponsor.
Clinical Conductor’s comprehensive reporting tools, metrics, and dashboards have helped many sites to recover otherwise lost funds. Sites can also use the reports to investigate reasons why payment in full has not been received. Is there a problem with items that need to be invoiced not being invoiced, so the sponsor doesn’t even realize they owe additional money? Is the site encountering a large number of deviations from the protocol? Is the site recruiting the best patients for the study, and is it using any advertising money wisely?
Every site knows that making sure their finances are in order is key to their business being successful. A progressive CTMS that tracks both the finances and the reasons behind them is instrumental in peace of mind that the financial house is in order. Clinical Conductor enables accurate and efficient financial management in real time helping sites to eliminate paperwork and save time.
Bio-Optronics, Inc. develops, deploys, and operates software products and custom information technology solutions to help healthcare professionals manage and optimize workflow, thus enhancing quality, productivity, and patient and staff satisfaction. For over 26 years, Bio-Optronics has demonstrated leadership in innovation, expertise in workflow and integration, and a focus on unparalleled customer service.
Bio-Optronics, +1 585-272-7273, http://www.bio-optronics.com; Isabel Herrmann, Marketing iherrmann@bio-optronics.com
December 12, 2011
RSNA Recapitulation - The Momentum™ product line receives increasing recognition
Rochester, NY – Dec 12, 2011 – Bio-Optronics, Inc. is pleased to announce excellent product response and a successful performance at RSNA. A steady flow of visitors at the booth and increasing product recognition made RSNA a highlight as Bio-Optronics’ last trade show of the year.
The expanded range of products within the Momentum™ family of radiology workflow solutions attracted numerous RSNA attendees. Radiology professionals enjoyed comprehensive demonstrations of Bio-Optronics’ unique and innovative systems, including Radiologist and Staff Scheduler, Patient Scheduler, Teleradiology Case Dispatcher as well as Multi-D Velocity for Imaging Labs. Booth visitors were extremely impressed as they realized how strongly the software can improve existing workflows by automating and simplifying the most complex tasks within scheduling, planning, tracking and dispatching.
"A perfect example of this was a physician, who currently uses a home grown scheduling system, which he estimates to take approximately 40 hours over the course of a year to create his staff schedules. After the Momentum™ demonstration, he believes he can cut this time down significantly while simultaneously improving staff satisfaction," says Adrian Lugo, Technical Specialist at Bio-Optronics.
The established and renowned Momentum™ Radiologist and Staff Scheduler attracted wide interest. The intelligent software, which automatically builds optimal staff schedules based on customized rules, is the answer to a growing need for acceleration and streamlining of scheduling processes.. At RSNA, the software also continued to gain international interest.
Momentum™ is not only able to support radiology practices and imaging laboratories, but also meets individual needs of all medical specialty practices and hospital departments. The Momentum™ systems for physician, staff and patient scheduling was designed so that it can be configured for any healthcare environment.
Additionally, teleradiology case dispatching was identified as an underserved area of the market at RSNA. Thus, the Momentum™ Teleradiology Case Dispatcher, which automatically distributes cases to staff based on availabilities and credentials, distinguished itself as a unique and promising product. The interoperability with Staff and Patient Scheduler as well as third-party systems enables the establishment of a complete workflow solution for teleradiology businesses and a unique selling proposition for Bio-Optronics.
Google and Microsoft Outlook integration with Momentum™, soon to be released, had great interest at the show.
Due to growing demand for automated physician and staff scheduling as well as streamlining and acceleration of workflows in healthcare environments, Bio-Optronics is expecting a significant growth of orders for the upcoming business year.
Bio-Optronics, Inc. develops, deploys, and operates software products and custom information technology solutions to help healthcare professionals manage and optimize workflow, thus enhancing quality, productivity, and patient and staff satisfaction. For 26 years, Bio-Optronics has demonstrated leadership in innovation, expertise in workflow and integration, and a focus on unparalleled customer service.
Bio-Optronics, +1 585-272-7273, http://www.bio-optronics.com; Isabel Herrmann, Marketing iherrmann@bio-optronics.com
November 29, 2011
Bio-Optronics’ first two days at RSNA 2011 – Interim Report
Rochester, NY – Nov 29, 2011 – Bio-Optronics, Inc. is receiving numerous visitors at RSNA booth #8608.
The company’s newly-arranged booth is attracting many RSNA attendees. The dark-blue, smooth booth appearance is part of a new corporate design concept that has been recently implemented. The Bio-Optronics’ team is pleased that the comprehensive product portfolio along with the new design is drawing a crowd to the booth, giving many interested people the chance to see a demonstration of Momentum™.
The annual RSNA conference draws a huge attendance of industry experts making it the perfect venue to showcase the new and improved Momentum™ radiology workflow solutions. Especially, Teleradiology Case Dispatcher has quickly distinguished itself as a differentiator among the teleradiology offerings at the show. The established and renowned scheduling products, including Momentum™ Radiologist and Staff Scheduler and Momentum™ Patient Scheduler, are also gaining international interest.
Bio-Optronics, Inc. develops, deploys, and operates software products and custom information technology solutions to help healthcare professionals manage and optimize workflow, thus enhancing quality, productivity, and patient and staff satisfaction. For 26 years, Bio-Optronics has demonstrated leadership in innovation, expertise in workflow and integration, and a focus on unparalleled customer service.
Bio-Optronics, +1 585-272-7273, http://www.bio-optronics.com; Isabel Herrmann, Marketing iherrmann@bio-optronics.com
November 27, 2011
Bio-Optronics, Inc. launches a new Multi-Dimensional Imaging Lab workflow solution at RSNA 2011
Rochester, NY – Nov 27, 2011 – Bio-Optronics, Inc. has developed an innovative workflow solution for imaging laboratories facilitating multi-dimensional image processing management and productivity tracking. Momentum™ Multi-D Velocity will be featured at Bio-Optronics’ booth #8608 at RSNA 2011 in Chicago, November 27 – December 2, 2011.
It is not a coincidence that Bio-Optronics chose the name Multi-D Velocity for its new radiology workflow solution. The name reveals much of the software’s impact on imaging laboratory workflows. Providing documentation, status tracking, reporting, and quality control, Momentum Multi-D Velocity accelerates image post-processing and makes the entire lab business more efficient and productive.
Via a web portal the hosted solution can be securely accessed by all technologists, supervisors and administrators involved in imaging. This enables streamlined document management, real-time status tracking, better quality control as well as accuracy leading to productive business performance and improved outcomes. Moreover, the software automatically creates work lists and tracks status visualized through statistics and dashboards, which leads to reduced paperwork and eliminates the need for spreadsheets. Time savings and ensured availability of resources for high class patient care will be the result.
“The main motivation for implementing the software was the facilitation of our 3D processing workflow and tracking productivity. Our central RIS does not track the 3D portion of each exam, just the scanning, so we needed a system for tracking the volume of 3D work we are doing. Momentum Multi-D Velocity facilitates this task. The dashboard contains all the reports, including number and types of exams that were processed, duration of processing for each exam, and the technologist who completed the work. The layout and prioritization of our work list will help to streamline the processing of images. The system helps with our monthly and annual productivity and quality assurance reports and helps technologists to feel more organized. Importing exam data through our new HL7 interface instead of manual data entry will be a huge time saving for us,” states Laura Pierce, MPA, RT (CT), Administrative Director of Multi-Dimensional Imaging at Duke Radiology.
Imaging lab professionals employed at Duke Radiology participated in the development of Bio-Optronics’ new software to bring in expertise and help tailoring the product towards the industry needs. Consequently, Momentum Multi-D Velocity has high potential becoming an impactful solution for any laboratory dealing with radiology image processing.
The software will be first demonstrated at Bio-Optronics’ booth #8608 at RSNA 2011 in Chicago, November 27 – December 2, 2011.
Bio-Optronics, Inc. develops, deploys, and operates software products and custom information technology solutions to help healthcare professionals manage and optimize workflow, thus enhancing quality, productivity, and patient and staff satisfaction. For 26 years, Bio-Optronics has demonstrated leadership in innovation, expertise in workflow and integration, and a focus on unparalleled customer service.
Bio-Optronics, +1 585-272-7273, http://www.bio-optronics.com; Isabel Herrmann, Marketing iherrmann@bio-optronics.com
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