Free EHR, EHR and Healthcare IT Newsletter Want to receive the latest updates on EHR, EMR and Healthcare IT news sent straight to your email? Get all the latest EHR News for FREE!

DocuTAP Announces Acquisition of Clockwise.MD

SIOUX FALLS, S.D. and ATLANTA, April 27, 2017 /PRNewswire/ — DocuTAP, one of the nation’s fastest growing healthcare technology companies and provider of electronic medical records (EMR) and practice management (PM) software for urgent care clinics, today announced that it has acquired Clockwise.MD, a patient engagement software provider of online scheduling and wait time transparency solutions for healthcare organizations. The combination brings together the complementary strengths of both companies to form an industry leader in the on-demand healthcare market. Terms of the transaction were not disclosed.

Founded in 2012, Clockwise.MD’s online scheduling and virtual queuing functionalities are used by more than 1,600 urgent care clinics, emergency departments, primary and specialty care clinics, lab facilities, imaging centers, and more to help boost patient satisfaction, manage online reputations, and improve patient retention. Clockwise.MD’s suite of tools will enhance DocuTAP’s software products with a robust patient-facing product suite, offering urgent care providers a more comprehensive approach to workflow management and greater convenience for patients and clinic staff.

“We are excited to combine with Clockwise.MD, which has built one of the most recognizable brands for patient engagement solutions in the urgent care space and beyond,” said Eric McDonald, CEO of DocuTAP. “This transaction is an important step forward in DocuTAP’s growth trajectory and we look forward to working with the Clockwise.MD team to advance our combined leadership position in the on-demand healthcare market.”

“DocuTAP shares our entrepreneurial approach and commitment to providing a better experience for patients and providers alike. We are pleased to join forces and integrate our products to reach more customers and serve more patients across healthcare markets,” said Mike Burke, Founder and CEO of Clockwise.MD.

About DocuTAP
DocuTAP’s team of 300+ employees serves over 1,300 urgent care and on-demand primary care clinics. DocuTAP provides urgent care practices with an innovative approach to workflow management. Its flagship product, DocuTAP’s EMR and Practice Management software, fully integrates practice management and electronic medical records capabilities in one complete system. DocuTAP’s complete urgent care solution includes revenue cycle management services—along with DocuTAP Analytics, a business intelligence tool with custom reports and built-in industry benchmarks. Craft a better urgent care experience with DocuTAP. Begin at www.docutap.com.

About Clockwise.MD
Clockwise.MD provides online self-scheduling and queue management solutions for healthcare organizations, helping providers to manage their patients’ experience of waiting for care. Clockwise.MD customers realize a measured increase in patient satisfaction scores and patient volume. For more information about Clockwise.MD, please visit http://www.clockwisemd.com.

April 27, 2017 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

MPIRICA Health Announces $4.6 Million Funding Round to Deliver Surgery Outcome Scores of Doctors and Hospitals

Funding follows growing industry acceptance of outcomes-based quality transparency to achieve patient safety and payer savings

SEATTLE, WA—April 25, 2017MPIRICA Health, Inc., a leading healthcare quality transparency startup, today announces a $4.6 million funding round led by OurCrowd, the world’s leading equity crowdfunding platform, with participation from a private Seattle-based equity fund. The company plans to use proceeds from this round to fuel its national roll-outs to customers in the Medicare Advantage and employer benefits space, and to scale its cognitive technology platform so that more people and organizations can readily access the best healthcare outcome information for their specific surgical needs.

MPIRICA’s 3-digit metric is simple to access and easy to understand. Available instantly online, the quality score summarizes the actual performance of surgical providers based on clinical outcomes. To produce these consumer-friendly, yet scientific hospital and surgeon scores, the company leveraged a deeply experienced team of data scientists and medical doctors.

The company’s proprietary quality score methodology is based on decades of analyzing and risk-adjusting claims data from insurance companies, commercial payers, the federal government and health systems.

“Armed with this funding, we are thrilled to be able to mainstream the only outcomes-based, trusted quality score for the benefit of payers, healthcare consumers, as well as providers, and to scale our operations and technology,” commented Shakil Haroon, Founder and CEO of MPIRICA.

The MPIRICA Quality Score reveals a wide range of outcomes across the country, from poor-performing to superstar-level surgeons and hospitals in almost every city. The company already has launched scores for 864 different procedures.

In addition to scoring outcomes, the company’s cloud platform delivers integrated cost efficiency measures that allow payers to identify the intersection of the most effective and efficient surgery providers in each region of the US.

“MPIRICA’s current commercial agreements with several leading healthcare management companies position the company for rapid growth and significant impact in shaping the standards of healthcare quality transparency,” said Eduardo Shoval, Chairman of MPIRICA’s Board of Directors and a General Partner at OurCrowd First– the fund that led the investment.

“The company has validated the utility and versatility of its platform by providing instant data to patients, who urgently need information to make informed surgeon and hospital selections while effectively delivering cognitive management tools to healthcare businesses who must manage costs and patient risk.”

MPIRICA’s services are delivered to partners via API and through the company’s platform at www.mpirica.com.

About MPIRICA Health, Inc.

Based in Bellevue, Washington, MPIRICA is a digital health startup founded in 2014 to demystify healthcare quality transparency for consumers and payers with an intuitive measurement of surgeon and hospital performance. The MPIRICA Quality Score is based on past medical outcomes, across 864 surgical procedures. The 3-digit score ranges from 100-800, with 600 to 800 representing an excellent demonstration of quality healthcare for a given procedure. Scores less than 600 but more than 400 represent fair care, while anything below 400 indicates substandard historical performance. Find information about MPIRICA Health on Twitter, LinkedInor at www.mpirica.com.

About OurCrowd First

OurCrowd First is Israel’s premier and most active leading early-stage venture capital fund, and the seed-stage fund at OurCrowd, the leading global equity crowdfunding platform for accredited investors. Headquartered in Israel, the OurCrowd First fund is seeding and scaling a carefully curated portfolio of early-stage ventures that are computing and actuating the connected world by leveraging the exponential technology convergence of Artificial Intelligence and Machine Learning, the Internet of Things, 3D Printing, digitally enabled Precision Agriculture, Autonomous Robotics, Digital Health, Blockchain technology, and AR/VR.

OurCrowd First is managed by General Partners Eduardo Shoval, Yori Nelken and Avi Reichental, three seasoned parallel entrepreneurs who bring to the fund’s portfolio decades of executive management and corporate leadership experience in growing early-stage startups to convincing scale with successful outcomes. Since its inception, OCF has been recognized as ‘Israel’s most active early-stage VC’. Through its funds, OCF has already invested in some 19 early-stage ventures, guiding some of the most promising Israeli and global exponential-tech startups.

April 25, 2017 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

Hospital Merger and Acquisition Activity Continues to Climb, According to Kaufman Hall Analysis

Three Large-scale Mergers Announced in First Quarter

SKOKIE, Ill., April 19, 2017 — The number of hospital and health system partnership transactions continued an upward trajectory in the first quarter of 2017, with an 8 percent increase from 25 to 27 transactions compared to the first quarter of 2016, according to the latest analysis by Kaufman, Hall & Associates, LLC, a leading provider of strategic, capital, financial, and transaction advisory services and software tools. The increase follows another year of continued growth, with transactions climbing from 66 announced deals in 2010 to 102 in 2016. The overall trend illustrates that healthcare organizations across the country continue to seek new efficiencies and capabilities for a transforming industry.

The first quarter was particularly notable for an uptick in transactions among large organizations, with three announced deals targeting organizations with nearly $1 billion or more in revenues. 2016 saw four such deals announced in 12 months. The four announced deals in the first quarter all involved not-for-profit organizations, with the largest of the three being the merger of Beth Israel Deaconess Medical Center and Lahey Health in Massachusetts. Also announced were affiliations between PinnacleHealth System and the University of Pittsburgh Medical Center (UPMC), and Fairview Health Services and HealthEast Care System.

More transactions among larger and like-sized organizations likely will be seen in the coming months, according to Anu Singh, Managing Director at Kaufman Hall. “Hospitals and health system executives are looking for strategic opportunities to ensure the continued growth and success of their organizations amongst disruptive forces, including innovative competitors, declining payments, flat or decreasing inpatient volumes, and increasing price sensitivities among consumers,” said Mr. Singh. “As the number of independent hospitals declines, organizations are seeking to build new capabilities and economies of scale through partnerships.”

Of the transactions announced in the first quarter of 2017, six involved for-profit acquirers and 21 involved not-for-profit acquirers. In addition to the deal with UPMC, PinnacleHealth announced its acquisition of four Community Health Systems hospitals, and an affiliation with Hanover Hospital. In addition to HealthEast, Fairview Health Services also announced its acquisition of Grand Itasca Clinic & Hospital. Of all states, Pennsylvania saw the most activity, with five announced transactions in the first quarter.

About Kaufman Hall

Kaufman Hall provides management consulting and software to help organizations realize sustained success amid changing market conditions. Since 1985, Kaufman Hall has been a trusted advisor to boards and executive management teams, helping them incorporate proven methods into their strategic planning and financial management processes, and quantify the financial impact of their plans and strategic decisions to consistently achieve their goals.

Kaufman Hall services use a rigorous, disciplined, and structured approach that is based on the principles of corporate finance. The breadth and integration of our advisory services are unparalleled, encompassing strategy; financial and capital planning; debt and derivatives-related financial transactions; capital allocation and decision making; and mergers, acquisitions, partnerships, and joint ventures.

Kaufman Hall’s Axiom Software provides sophisticated, flexible performance management solutions that empower finance professionals to analyze results, model the future, and optimize organizational decision making. Solutions for long-range planning, budgeting and forecasting, reporting and analytics, consolidations, capital planning, and profitability and cost management are delivered on a single integrated software platform. Kaufman Hall’s Peak Software empowers healthcare organizations with clinical benchmarks, data, and analytics to provide a higher quality of care for optimized performance and improved patient outcomes.

April 19, 2017 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

Siemens Healthineers Supports Population Health Management with Planned Acquisition of Medicalis

  • Siemens Healthineers has signed an agreement to acquire Medicalis Corporation to expand Population Health Management portfolio
  • Medicalis’ expertise and solutions provide workflow orchestration and clinical decision support to health systems
  • Offerings expected to deliver desired service levels at lower costs while improving quality and productivity for healthcare providers

Siemens Healthineers plans to expand its Population Health Management (PHM) portfolio with the acquisition of Medicalis Corporation based in San Francisco and Kitchener, Ontario.  Medicalis is a leading provider of Clinical Decision Support (CDS) Solutions at the point of order entry, Imaging Workflow (IW) management, and Referral Management (RM). By incorporating these offerings into its PHM portfolio, Siemens Healthineers will enable healthcare providers to effectively bridge between PHM at the health system level and at the departmental level.  With an expanded focus on PHM, as well as a new name that underlines the company’s pioneering spirit and engineering expertise, Siemens Healthineers—the separately managed healthcare business of Siemens AG—is helping healthcare providers worldwide meet current challenges and excel in their respective environments.

“The mission of Siemens Healthineers is to be the trusted partner enabling health systems and healthcare providers worldwide to improve medical outcomes and reduce costs,” says Matthias Platsch, Head of Services, Siemens Healthineers. “The addition of Medicalis’ technology solutions to the Siemens Healthineers portfolio complements and supports our offerings in Population Health Management and Value-Based Healthcare, a key priority for our ongoing expansion through our Services business.”

The newly-acquired Population Health Management portfolio will extend the Siemens Healthineers strategy for Value-Based Healthcare across the health system enterprise and hospital departmental levels:

  • Clinical Decision Support provides the mechanism, as defined under the Protecting Access to Medicare Act of 2014 (PAMA), to check appropriateness of imaging orders and enables healthcare providers to define and evolve their standard of care, according to their appropriate use criteria (AUC), based on evidence and best practice. Today, 20%–30% of high-tech imaging procedures fail to provide information that improves patient welfare and, therefore, may represent, at least in part, unnecessary imaging services.
  • Imaging Workflow orchestrates the interpreting physician desktop, streamlining workflow, and standardization of diagnostic pathways for high-impact disease states. It ensures the right specialist, the right tools, a timely read, and prevention of care gaps.
  • Referral Management helps to avoid breaks in care by providing simple appointment scheduling tools, which help a patient schedule examinations in their network. This avoids leakage of patient information to another health system, which breaks communication and causes lost revenue.

In the short term, the solutions developed by Medicalis are expected to address the immediate need for consolidating providers to orchestrate and standardize their imaging workflow and to achieve compliance with the Protecting Access to Medicare Act of 2014, expected to become effective on January 1, 2018, which mandates consultation of appropriateness CDS at the point of order for certain advanced imaging tests. Siemens Healthineers believes these solutions will enable providers to achieve PAMA compliance while retaining control over the content, allowing them to move beyond simple compliance towards truly establishing an evolving standard of care based on evidence and direct health system experience.

“The acquisition of Medicalis will allow us to offer healthcare providers a powerful solution to define, implement, monitor, and evolve their own standard of care for their diagnostic service line,” says Robert Taylor, Head of Digital Services Population Health Management, Digital Health Services, Siemens Healthineers.  “We are excited to support our customers with these innovative tools to remove the variability from key high-impact disease states, to create standardized diagnostic pathways which enhance outcomes, control costs, and when combined with intelligent referral management, improve the patient experience overall.”

The solutions developed by Medicalis allow networks of hospitals (Health Systems/Integrated Delivery Networks) to improve physician productivity, manage patient referrals, and scheduling to enhance the relationship with the patient and ensure clinically appropriate imaging and tests to reduce inappropriate utilization.  Currently, seven of the top 25 Health Systems from Massachusetts to California use solutions developed by Medicalis to increase the quality of care they offer to patients.

“We are eager to be joining Siemens Healthineers and believe that this is a strong fit for our company because of our shared values and pioneering heritage,” says Oran Muduroglu, CEO of Medicalis Corporation. “With Siemens Healthineers, we will be able to broaden the context of our decision support, workflow, and referral management to utilize the full spectrum of diagnostic and therapeutic areas in which Siemens Healthineers operates, to address care gaps, streamline workflow, and help improve the overall experience of healthcare.”

The agreement to acquire the San Francisco, CA, USA and Kitchener, ON, Canada-based company by Siemens Healthineers was signed in April 2017.  Terms of the transaction are not disclosed.  The closing of the acquisition is subject to customary closing conditions.

 

Siemens Healthineers is the separately managed healthcare business of Siemens AG enabling healthcare providers worldwide to meet their current challenges and to excel in their respective environments. A leader in medical technology, Siemens Healthineers is constantly innovating its portfolio of products and services in its core areas of diagnostic and therapeutic imaging and in laboratory diagnostics and molecular medicine. Siemens Healthineers is also actively developing its digital health services and enterprise services. To help customers succeed in today’s dynamic healthcare marketplace, Siemens Healthineers is championing new business models that maximize opportunity and minimize risk for healthcare providers.

In fiscal 2016, which ended on September 30, 2016, Siemens Healthineers generated revenue of €13.5 billion and net income of over €2.3 billion and has about 46,000 employees worldwide. Further information is available at www.siemens.com/healthineers.

I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.