First Consulting Group signs pact with Stellaris Health Network
First Consulting Group (FCG) and Stellaris Health Network, of Armonk, N.Y., have inked an estimated $40 million information services technology outsourcing agreement.
The contract includes a $4 million implementation project with software vendor Meditech, of Westwood, Mass.
The project to replace current systems and upgrade information technology will take place at:
FCG also may provide interest-free financing of as much as $4.1 million to one hospital and reimbursement of interest costs for a third-party line of credit for three other hospitals. The guarantees will take effect if FCG's system implementation results in an increase in a hospital's accounts receivable average balance or days outstanding during a 120-day period following completion of implementation.
The contract includes a $4 million implementation project with software vendor Meditech, of Westwood, Mass.
The project to replace current systems and upgrade information technology will take place at:
- Lawrence Hospital Center in Bronxville, N.Y.;
- Northern Westchester Hospital, of Mount Kisco, N.Y.;
- Phelps Memorial Hospital Center in Sleepy Hollow, N.Y.; and
- White Plains (N.Y.) Hospital Center.
FCG also may provide interest-free financing of as much as $4.1 million to one hospital and reimbursement of interest costs for a third-party line of credit for three other hospitals. The guarantees will take effect if FCG's system implementation results in an increase in a hospital's accounts receivable average balance or days outstanding during a 120-day period following completion of implementation.