International expansion and new products boost Telemis revenues to more than €8M

16th consecutive year of profitability also lays groundwork for future growth at medical imaging specialist   Louvain-la-Neuve (Belgium), 8. October 2018 – Telemis, the medical imaging, archiving and transmission specialist, has announced a strong set of financial results for 2017-18, with revenues up by 5.5% to €8.19M. This growth has helped deliver pre-tax profits of €895,392, making this the 16th consecutive year of profitability for the business. The revenue growth is the result of Telemis’ investment in new products and expansion into new countries. This year saw it bring on its first Latvian customers, which are already delivering significant additional turnover. Meanwhile, Telemis’ TM-Capture product, newly released in 2016-17, is proving extremely popular, contributing six-figure revenues. This year’s growth means Telemis products are now in use at nearly 250 customer locations. With a balance sheet totalling more than €15M (up 18%) and equity of over €8M (up 9%), the company represents a dependable, long-term IT partner for clinics and hospitals. Bright outlook Telemis has also been busy laying the groundwork for further revenue growth. 2017-18 has seen the business increase its footprint in existing territories, with projects in radiology and other clinical areas launching in Belgium, France, Italy and Switzerland. Among these are the first order for its TM-Microscopy product, which is currently being installed at a well-known Swiss organization. 2018 has also seen the launch of the new INTUITUS business intelligence product line. This software as a service (SaaS) offering already has a number of confirmed orders, which are forecast to deliver substantial additional revenues over the coming 12 months. Stephane Ketelaer, Chief Executive Officer at Telemis, told the Group’s annual shareholder meeting: “It’s been another excellent year for the company, with our growth strategy continuing to boost revenues and maintain profitability for a 16th consecutive year. This success is thanks to the dedication of our people, who continue to work tirelessly on new, innovative products and services for our customers. And we’ve got some exciting announcements and new releases coming up.” 09/10/18

The Armor Territory Hospital Network announces the launch of our medical imaging solution for the territory.

France - The five image producing hospitals of the Armor Hospital Network (Saint Brieuc, Guingamp, Lannion-Trestel, Tréguier and Paimpol) just received the TM-MACS medical imaging management solution   This is part of the first phase of the convergence of their Information System.   Following the tender in 2015, the Armor Territory Hospital Network has retained the Telemis solution to be integrated to EDL’s Xplore solution. The main objective of this project was to lay the first foundations for a territorial IS homogenization. The launch and deployment of this solution occured in one year, including the TM-MACS installation in the five hospitals and the teleradiology process deployment, with the interconnexion of the RIS and PACS systems in the whole territory.   According to Didier Bonnet, IT Manager of Armor, "the complete solution brought by Telemis and EDL holds all its promises and shows already, after some use, tangible operating advantages in terms of radiologic activities management within the Armor Territory Hospital Network. The interoperability of this solution relies on unrivalled know-how by the chosen actors, who accomplished their mission with success".   Bertrand Catroux, radiologist in Saint Brieuc, tells us: "This solution has helped us to gain a considerable time and a better care delivery with the access to previous history on all territorial sites. The future installation of the Telemis sharing solution via cloud will enhance further our communication with private radiologic groups and institutions outside our Armor Territory Hospital Network".   Philippe Mabille, General Director of Telemis France, adds: "We have worked a lot with the users for the deployment of this solution with EDL's team in order to define the best answers and to provide the most relevant solutions. Today, we are very proud of the success of this ambitious project and of the apparent patient/user benefit it has brought for Armor".   27/03/18

Telemis announces a 13% revenue increase and a 15th consecutive year of profitability as PACS specialist.

Telemis consolidates financial and market position by driving down debt and expanding project base   Telemis, the medical imaging, archiving and transmission specialist, has announced results for the 2016 - 2017 financial year that show a significantly strengthened balance sheet and a fifteenth year of continuous profitability. Alongside this, the company announced that it expects to see continued strong performance in the 2017 - 2018 financial year.   The 2016 - 2017 year saw revenues increase by 13% over the prior year, reaching €7,757,899, mainly due to strong performance in France, linked to new project wins based on Telemis' excellent track record. During the year, debt was reduced to around €0.5M and the balance sheet strengthened as equity rose over €7,000,000.   Telemis is currently installing the latest version (4.8) of their PACS software at all 232 customer locations. The new TM-Capture announced during the financial year allows JPEG images to be fully integrated into secure hospital workflows. In the meantime, research and development has started on the next version of the market-leading PACS software which will include the ability to link customer systems into a highly-secure TM-Community.   During the financial year, Telemis was chosen by Groupement Radiologues Associés in Bordeaux through a competitive bid process to renew their PACS system, including the implementation of EDL's RIS Xplore Web and Cheops Technology's IT infrastructure solutions. The new image transmission platform features advanced diagnostic mammography and comparison functionality alongside new visualization capabilities for users of mobile devices. The sharing of medical imaging data between medical practitioners and between medical facilities was a key requirement for this project.   Speaking at the Telemis Group's annual shareholder meeting, where the latest results were announced, Telemis Group CEO, Stephane Ketelaer said: "We had a strong year, achieving our fifteenth consecutive year of profitability as well as increasing revenue by 13% and reducing our debt significantly. We also announced some significant new products and our impressive track record enabled us to win new customers in key markets such as France, where RFPs increased significantly. We leave the year in a strong position with greater revenue, less debt, a stronger product portfolio and many new customers."   He added: "Our strong financial position allows us to deal with significant new projects easily, while continuing to deliver high levels of service quality to our existing customers. Customers and stakeholders can be assured that Telemis is, and will remain, a strong and significant player in the PACS market. We are confident of a strong financial performance and many more satisfied customers during the forthcoming year."   04/10/2017

MACS at the Rothschild Foundation - PARIS. How to organise medical multimedia?

OBSERVATION Modern medicine produces more and more multimedia content with every consultation. Although often associated with radiology, medical imaging today includes other disciplines, such as dermatology, ophthalmology, cardiology, neurology etc. These are just some examples of departments that generate large amounts of data (OCT, Visual field, ECG, EEG, wound photography, etc.) that the hospital must be able to acquire, store and archive. The need to respond to requests from each of these departments has, in the past, sometimes led those responsible for digital biomedical data to employ multiple, varied solutions. It is not uncommon today to see more than 200 different digital applications used in a single hospital. It seems natural to consolidate and simplify this diversity of applications into horizontal tools, common to all users and physicians in the hospital: not just for cost-related reasons, but also to simplify user training, interfacing and maintenance. HOW TO ORGANISE THIS NEW FLOW? Electronic patient records are a key component of modern hospitals, and are intended to be the backbone of hospital information. They are rarely designed to store, archive, and display content such as images, high-resolution video, and all other specialised imaging from medical devices, however. It is clear that databases and systems for storing large files are not designed in the same way, nor is structured text data. Based on a wealth of experience in medical image management for nearly 20 years, Telemis has developed a MACS system - Multimedia Archive and Communications System - which enables all hospital DICOM and non-DICOM multimedia to be retrieved. In practice, this system connects to various medical devices (ophthalmology, ECG, EEG, ultrasound, endoscopy, etc.) to continuously retrieve all output and integrate it to a single database. This does not simply mean integrating file formats, such as PDF, or expecting medical equipment to push information, but involves ongoing, detailed work to analyse each device, as well as its image production and potential compliance, cleaning the data produced so that it's ready for doctors to use, for optimum time-efficiency. This sometimes means consolidating several images into a single image (100 images to be consolidated to a single stack for ophthalmological OCT exams, for example), performing automatic rotation on some documents, identifying anatomic regions (left eye, right eye, based on PDF file names), and integrating read-only proprietary formats using a third-party tool. Not to mention the consequent work to retrieve the existing databases for consolidation and long-term archiving. This MACS system has already been implemented in several institutions. Philippe Rouilhac, Head of IT at the Rothschild Ophthalmological Foundation, testifies: "Outside of radiology, the domain of medical imaging is less standardized, less organized - in the IT sense of the word. We need an extremely flexible but extremely effective system, from an organisational perspective. This system must be able to handle the volume of patients treated at the Foundation, and the expertise of our practitioners. With such high requirements (more than 1,200 ophthalmology consultations a day), connecting a department to MACS is a human and technological project, with specific, essential support." And in conclusion: "Today, MACS, along with patient records, is a major and essential mainstay of everyday operations. It significantly simplifies management, maintenance and archiving tasks." In addition, the all-inclusive approach adopted by Telemis in terms of service, enables total control over all costs and deployments. CONCLUSION Modern hospitals must have three complementary elements: DPI for structured data, an image storing system, and a document store for the rest. MACS enable various multimedia formats, now an integral part of the "patient record", to be managed. Connected to each other, these two elements simplify life for users, and enable them to save precious time. This combined software reduces research and training time to a minimum, as well as the support and maintenance required for users, all while reliably archiving the data. The keywords of this philosophy are flexibility, integration and cost-containment.     24/08/2017


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