IDEXX Computer Systems and Cubex Launch a Fully Integrated Inventory Management System [Trade]

IDEXX Cornerstone users can electronically track, invoice and reorder inventory in real time

WESTBROOK, Maine, April 02, 2012—IDEXX Computer Systems and Cubex announce the launch of an automated inventory management system for IDEXX Cornerstone Practice Management System customers. This enhanced functionality creates a complete loop between Cornerstone and Cubex that tracks inventory at every step, including automatically capturing all charges as inventory is used. The Cubex system eliminates over- and understocking and hand counting of inventory while reducing data-entry errors and missed charges.

"Integrating Cubex with our Cornerstone Practice Management System has created wonderful advantages for my practice," said William Griffin*, VMD, at Regional Veterinary Emergency and Specialty Center in Turnersville, New Jersey. "It has increased charge capture accuracy and allowed us to reduce stock without running out. I continue to be amazed at the level of inventory control it provides."

The system, now available with Cornerstone 8.2, utilizes Cubex's computerized storage cabinet. Patient information goes directly from Cornerstone to the cabinet at check-in. Technicians can quickly find patients in the Cubex system and remove appropriate supplies. Cornerstone then updates patient records automatically, adjusts the inventory on-hand data and adds charges to patient invoices. Cubex cabinets are configurable based on practice needs and can include such features as built-in refrigeration and fingerprint-protected entry for inventory security.

"The Cubex cabinet has saved me a substantial amount of time," said Lynn Faethe*, Inventory Manager at Regional Veterinary Emergency and Specialty Center. "I've been able to focus on other projects that would typically have waited because of the time it took to order product each week."

"The integration of Cubex and Cornerstone is the kind of innovation that Cornerstone customers have come to expect from us," said Tyler Patterson, Director, Cornerstone Product Line. "We're pleased to offer practice managers this system, which simplifies the challenging discipline of inventory management and saves practices money and time."

"Cornerstone and Cubex are a great combination for veterinary practices," said Anton Visser, Cubex President and CEO. "We realize it's critical for every practice investment to quickly provide an attractive return. Cubex, together with the integration capabilities of Cornerstone, provides tighter inventory controls that can help reduce costs and increase bottom-line revenue well into the future."

For a free assessment of your inventory opportunities, contact a Cubex representative at sales@cubexsystem.com. Watch a video of the Cubex system at work in a veterinary practice at cubexsystem.com. For more information on the Cornerstone Practice Management System, visit idexx.com/cornerstone.

About Cubex
Cubex is a global provider of health care products and services that help practices measurably reduce the total cost of ownership associated with pharmacy and supplies. The company develops market-leading technologies, including Cubex automated dispensing systems, CubexRx narcotic management stations, QBud wireless access devices and the myCubex Web-hosted software and business intelligence application. More information can be found at cubexsystem.com.

About IDEXX Cornerstone Practice Management System
IDEXX Cornerstone software, in use by over 5,000 practices, is a comprehensive practice management solution from IDEXX Computer Systems. Cornerstone software brings together medical and practice performance information to empower veterinarians and staff members to work smarter. Cornerstone software automates the collection, storage and management of patient and client information in veterinary practices. Through exclusive IDEXX SmartLink technology, Cornerstone provides two-way communication between IDEXX systems inside and outside the practice. With SmartLink technology, Cornerstone software can receive and trend results from IDEXX instruments and reference laboratories. SmartLink technology enables veterinarians to send and receive critical telemedicine consultations and to transfer digital images, as well as diagnostic information. This enhanced networking capability helps ensure the capture of critical information and the capture of all patient charges.

About IDEXX Laboratories
IDEXX Laboratories, Inc. is a leader in pet healthcare innovation, serving practicing veterinarians around the world with a broad range of diagnostic and information technology-based products and services. IDEXX products enhance the ability of veterinarians to provide advanced medical care, improve staff efficiency and to build more economically successful practices. IDEXX is also a worldwide leader in providing diagnostic tests and information for the production animal industry and tests for the quality and safety of water and milk. Headquartered in Maine, IDEXX Laboratories employs more than 5,000 people and offers products to customers in over 100 countries.


Contact:

IDEXX Laboratories
Andrew Knupp
Marketing Manager
1-207-556-3336
andrew-knupp@idexx.com

*This clinic and/or the individuals have a business relationship with IDEXX pursuant to which the clinic/individuals receive compensation from IDEXX from time to time. The views expressed are solely those of the clinic or individuals.