Medquist awarded the preferred vendor contract for Wellmont Health System's Enterprise Transcription project

MedQuist Inc. (Nasdaq: MEDQ), a leading provider of technology-enabled clinical documentation services, today announced that it has been awarded the preferred vendor contract by Wellmont Health System of Kingsport, Tennessee for enterprise medical transcription services, as well as for speech recognition in radiology. As part of the arrangement, MedQuist will offer employment to Wellmont's existing transcriptionists.

"MedQuist has the technology and labor capabilities, as well as the ability to mobilize its resources to meet the demands of our Enterprise Transcription project," said Truman Esmond, Interim Chief Financial Officer of Wellmont. "MedQuist has stepped forward for us, and this is a perfect example of how to win and maintain a customer for a long time."

Peter Masanotti, MedQuist's Chief Executive Officer, stated, "The Wellmont experience is an excellent example of what we call 'speed to value.' MedQuist's size and scope of resources, coupled with considerable implementation experience in all kinds of settings, allows us to ramp customers more quickly and effectively than others. That shortens the time for customers to realize the savings and Return on Investment they seek. We are pleased to have helped Wellmont and gratified by their support."