June 11, 2009

ORMED CELEBRATES 20 YEARS IN HEALTHCARE

EDMONTON, AB: Ormed Information Systems Ltd., the largest Canadian supplier of healthcare back-office accounting software, national winner of the E-Business Leadership Award in 2002 and winner of ITAC Heath (formally known as CHITTA) 2008 Corporate Citizenship Award, is proud to be celebrating 20 years of business.

By introducing a Supply Chain Management Suite in 1989, Ormed expanded its borders from a consulting practice to a leading healthcare software specialist. In its 20 years of business Ormed has continuously met high demands for healthcare software, providing more than 25 fully integrated programs of supply chain, finance, business intelligence, and human resources to the market. Working closely with clientele derived throughout Canada, the United States, and abroad, Ormed has successfully implemented over 2,700 applications, including free upgrades, in over 350 healthcare facilities.

With four generations of advanced software technology, Ormed remains ahead of ongoing technological trends in healthcare, introducing products in e-commerce and financial reporting through Ormed X and Business Intelligence. This evolution in healthcare software was developed by consulting Ormed’s clientele through annual Leadership Forums and User Group meetings, where Ormed and clients discuss the current needs and trends in the market.

“Ormed’s loyal clients are the backbone of the company,” says Chris Sherback, Ormed’s President and CEO, “by working alongside Ormed, clients have brought their expertise to the table allowing Ormed to create sophisticated software for their exact needs. We value these lasting relationships with our clients and will continue to achieve the best in the many years to come.”

Through the partnership with Scotiabank/Visa and Chase Paymentech in 2006 and through the global reseller agreement with GE Healthcare IT in 2008, Ormed extended their vision of smart business by working with international leaders in e-commerce and healthcare information technology to create the first e-commerce technology that fully automates invoice reconciliation and payment processes. Such new collaborations have allowed Ormed to broaden their healthcare objectives, leading the way for new products in the future. With the upcoming release of Consolidated Demand Management software in fall 2009, Ormed continues its commitment to cutting edge e-commerce and naturally green best-practices.

About Ormed Information Systems Ltd. (www.ormed.com)

Ormed is the largest Canadian supplier of back-office accounting systems to Canadian healthcare facilities, and is celebrating 20 years of specialization in the healthcare field. Headquartered in Alberta, Ormed has offices and/or distributors in Ontario, British Columbia, New Jersey, and the Kingdom of Saudi Arabia.

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Contact:

Isaac Calon

Corporate Communications Manager
Ormed Information Systems Ltd.

780.482.7200 (ext 337)

isaac_calon@ormed.com

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I think their reporting system is just wonderful. It's very advanced, very thorough, and it meets our needs very well.

Ted Stidham,
Materials Manager