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Amazing Charts Releases 2015 Predictions for Medicine and Technology

Membership Medicine Will Come on Strong; Patients Will Help Define Their Healthcare Experience; EHRs Will Get Personalized

BOSTON, MA–(Marketwired – January 07, 2015) – Amazing Charts, a leading developer of Electronic Health Record (EHR) systems for physician practices, today issued its healthcare predictions for 2015.

  1. Membership Medicine Comes on Strong: The patient membership approach to medicine will grow in all forms, including value-based Direct Primary Care (DPC), high-end Concierge Medicine, and primary care services contracted directly by employers. Market-driven medicine, fueled by changes occurring in healthcare today, such as inexpensive health plans with very high deductibles, will continue to encourage consumers to explore more cost-effective alternatives for primary care.
  2. Patients Help Define the Experience: The patient, in partnership with the provider, will help define the care experience going forward. This trend will be powered by technologies that enhance face-to-face interaction in the exam room. One example is the projection of an EHR onto a large display screen to facilitate information sharing between provider and patient. This in turn will help reduce errors and misdiagnosis, as well as motivate patients to take a renewed interest in their own healthcare and treatment options.
  3. EHRs Get Personalized: The EHR market will further mature and become customizable for individual patient needs and treatment plans. Intuitive data analytics will play a critical role here, helping clinicians measure, assess and manage their specific patient populations to better define specific gaps in clinical care and introduce the latest evidenced-based treatment procedures or diagnostic techniques.
  4. Wearable Health Devices Empower Patients: Led by FitBit, the market for mobile health monitoring devices saw explosive growth in 2014. Now Apple is entering the scene, and 2015 promises to see even more apps and devices introduced to consumers. How the government regulates these devices may depend on how they are marketed. For example, a glucometer could be unregulated if the intent is for a user to monitor blood sugar levels for better nutrition. If the same glucometer is marketed for monitoring diabetics, however, it may be more strictly regulated as a medical device.
  5. EHR Interoperability Still Around the Corner: While all EHRs will not be able to seamlessly communicate in 2015, the core infrastructure for increased data liquidity will largely be in place. The data standards of the CCDA and its predecessor, the CCD, are increasingly used by EHR vendors. In addition, Meaningful Use Stage 2 mandates that patients can receive a digital summary of their own records on demand. These positive steps forward will combine in 2015 to get us closer to the promise of data interoperability.
  6. EHR Switching Accelerates: Many practices selected an EHR system lured by the promise of Meaningful Use incentives and now find themselves dissatisfied with their decision, primarily because the solution is not user friendly and slows them down. Despite barriers to switching systems, we will witness a mass conversion of solutions toward EHRs that better meet providers’ expectations and requirements.
  7. The Doctor Will NOT Be In: In 2015 and beyond we will see reimbursements drive the “virtual” appointment, whereby health plans will reimburse clinicians for online patient visits. Patients and their providers will connect over virtual platforms for scheduling, reviewing test results, writing prescriptions, etc. As they do, more and more insurers will follow suit as technology advances and claims its place in the doctor’s office.

About Amazing Charts
Amazing Charts provides Electronic Health Records (EHR/EMR), Practice Management, and other Health IT solutions to healthcare practices. Based on number one user ratings for usability, fair pricing, and overall satisfaction, Amazing Charts EHR has been adopted by more than 10,000 clinicians in over 6,800 private practices. Founded in 2001 by a family physician, today Amazing Charts.com, LLC operates as a subsidiary of Pri‐Med, an operating division of Diversified Communications (DC) and a trusted source for professional medical education to over 260,000 clinicians since 1995. For more information, visit: www.amazingcharts.com.

January 7, 2015 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.

Modernizing Medicine Closes Acquisition of Aesyntix Health, Inc.

Provider of EMA™ expands its specialty-specific product offerings with billing, inventory management and group purchasing services

Boca Raton, Fla. – Dec. 30, 2014 Modernizing Medicine, Inc., creator of the Electronic Medical Assistant® (EMA™), a cloud-based, specialty-specific electronic medical records (EMR) system, announced today that it completed an acquisition of Aesyntix Health, Inc. on Dec. 22, 2014.

Aesyntix is a privately held company based in Roseville, Calif., that serves medical practices with three specialty-specific offerings: Aesyntix Billing Solutions for revenue cycle management (RCM), Aesyntix Inventory Management (AIM) and Aesyntix Physician Network (APN), a medical group purchasing organization (GPO).

The transaction with Aesyntix will enable Modernizing Medicine to provide RCM, inventory management and a GPO to its customers in addition to EMA. The specialty RCM service combines technology that streamlines claim processing and collections, comprehensive support services and specialty certified billing managers to deliver RCM expertise to end users who select the service with EMA.

“Our new specialty-specific RCM service along with EMA can create more efficient, streamlined billing processes at the point of care to help reduce denials, monitor and maximize reimbursements, decrease the cost of collections and increase revenue for providers,” said Daniel Cane, CEO and co-founder of Modernizing Medicine. “Nearly 5,000 physicians already use EMA, and most prefer one vendor for both their RCM service and EMR system. It means there is a single source for services, systems and support plus an opportunity for greater efficiencies and cost savings when customers choose combined offerings.”

“We are excited to join forces with Modernizing Medicine; it is a win all around,” said Clark Avery, CEO of Aesyntix. “Not only will the employees be part of a rapidly growing and leading healthcare technology company with a clear mission of modernizing medicine through specialty solutions, but also our customers can benefit from the stronger combined offerings.”

About Modernizing Medicine

Modernizing Medicine® is transforming how healthcare information is created, consumed and utilized in order to increase efficiency and improve outcomes. Our flagship product, Electronic Medical Assistant® (EMA™), is a cloud-based, specialty-specific electronic medical records (EMR) system built by practicing physicians. Available as a native iPad, iPhone and Android application and from almost any web-enabled Mac or PC, EMA adapts to each provider’s unique style of practice. This ICD-10 ready EMR system is available for the dermatology, ophthalmology, orthopedics, otolaryngology, gastroenterology, rheumatology, urology and plastic and cosmetic surgery markets and used by more than 4,800 physicians in the United States and its territories. The Modernizing Medicine family of companies also provides specialty-specific billing, inventory management and group purchasing services.

December 31, 2014 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.

gloStream Selects DrFirst to Integrate Electronic Prescribing of Controlled Substances (EPCS)

Integration to Support Substantial Push for Adoption of EPCS Driven by New York State’s I-STOP Law

TROY, MI and ROCKVILLE, MD December 29, 2014

gloStream, a performance management services company for independent medical practices, announced today that it will integrate electronic controlled substance e-prescribing (EPCS) capabilities with DrFirst, the leading provider of integrated medication management technology, into gloEMR, gloStream’s electronic medical record system.

gloStream is incorporating DrFirst’s EPCS GoldSM 2.0 controlled substance e-prescribing capability to build on its existing efforts to support medical professionals who increasingly recognize that prescription drug abuse is an epidemic in the United States. gloStream will initially launch EPCS functionality to providers in New York to support compliance with New York’s Internet System for Tracking Over Prescribing Law (I-STOP), which requires providers to electronically prescribe all legend drugs and controlled substances beginning on March 27, 2015.

“We understand the importance of giving providers a way to prescribe controlled substances within our system,” said Michael Sappington, CEO, gloStream. “DrFirst’s solution is easy to integrate, cost efficient for our practices, and is not only helping us address the I-STOP issue that is directly impacting New York providers now, it is positioning gloStream to support our users across the country with EPCS.”

Many practices currently write paper prescriptions for controlled substances and e-prescribe legend drugs, although

e-prescribing for controlled medications (Schedules II through V) has been available to providers nationwide since 2010, though with limited availability as EPCS began rolling out slowly at the state level. EPCS is now legal in 49 states and Washington, D.C. Access to the capability requires greater technical requirements than e-prescribing for legend drugs, as mandated by the Drug Enforcement Agency, including provider identity proofing, two-factor authentication functionality, and enhanced audit capabilities.

DrFirst currently processes over 60 percent of all controlled substance electronic prescriptions nationwide, making it theleader in this field. The availability of EPCS-enabled pharmacies has historically slowed provider adoption of EPCS capability; however, more than 45,000 U.S. pharmacies are now EPCS-enabled, with new pharmacies being added daily. EPCS offers significant social benefits to the greater healthcare system as it has been proven to assist providers in reducing prescription drug abuse and drug diversion, as well as in identifying “doctor shoppers” attempting to obtain controlled medications, such as hydrocodone combination drugs, which are abused at epidemic levels.

DrFirst’s proprietary data shows that provider adoption of EPCS is growing swiftly, in the last three-month period, Augustthrough October 2014, EPCS prescription volume jumped by more than 200 percent compared to the same period one year ago. Growing provider recognition of the benefits of EPCS, the rising number of pharmacies nationwide that are EPCS-enabled, and the greater number of EHR, EMR and HIS systems that are ready to handle EPCS, such as gloEMR, have all contributed to the significant increase in EPCS volume. Additionally, New York’s I-STOP law is seen by many as a leading indicator that similar initiatives will be pursued by other states and many healthcare organizations and providers have been encouraged to pursue EPCS in recent months as a result.

“Controlled substance management should be a standard functionality for EHR, EMR and HIS system vendors, so we designed EPCS Gold to be simple and fast to integrate,” said G. Cameron Deemer, president of DrFirst. “Vendors, especially those with New York doctors, must provide enough time to implement EPCS and to ensure that each provider successfully completes the identity proofing process before the I-STOP deadline. gloStream is supporting its providers to meet the requirements of the I-STOP mandate, which will inturn make gloStream ready to support doctors in any of the 49 states and the District of Columbia where EPCS is now legal.”

For more information about EPCS, download DrFirst’s report, “The Evolving Landscape for Electronic Prescribing of Controlled Substances (EPCS) — An Industry Briefing for 2014,” which is available at http://go.drfirst.com/EPCSreport2014.

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About gloStream:
gloStream is a strategic and performance management services company focused on delivering value-based services. As practices continue to shift from a fee-for-services clinical and business model towards a fee-for-value model,they need access to the necessary expertise, tools and services to enable them to compete on value. gloStream’s gloComplete service helps practices prepare and transition to value-based care delivery and payment models. Our partnership and tailored approach combines performance management and value-based care solutions that align with the clinical and business interest of practices, assisting with the redesign of the care delivery model around value, and assist with benchmarking and continuous quality improvement. gloStream’s partnership enables practices to focus on the delivery of quality care so they can compete and thrive in today’s changing healthcare environment.

For more information, please visit http://www.glostream.com. 

About DrFirst
DrFirst pioneers technology solutions that inform the doctor-patient point of encounter, optimizing provider access to patient information, enhancing thedoctor’s clinical view of the patient, and improving care delivery and clinical outcomes. Our growth is driven by a commitment to innovation, security, andreliability across a wide array of services, including Medication Management, Medication Adherence, and Secure Communication and Collaboration. We are proud of our track record of service to more than 300 EMR/EHR/HIS vendors and an extensive network of providers, hospitals and patients. For more information, please visit www.drfirst.com.

December 29, 2014 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.

TruCode Adds Prognosis Innovation Healthcare to Its Roster of EHR Partners for Full Clinical Coding Encoder Integration

ALPHARETTA, GA (December 2, 2014) – TruCode and Prognosis Innovation Healthcare announced today a reseller and full application integration partnership. Trucode Encoder Essentials, the company’s web services solution for clinical coding, will be embedded within the Prognosis Innovation Healthcare’s ChartAccess® EHR and Financial Revenue Cycle Management systems. The full encoder-EHR integration streamlines coding workflows and improves billing accuracy and efficiency for Prognosis Innovation’s hospital, physician practice and clinic customers. The announcement was made jointly by Mike Mulligan, Managing Partner, TruCode, and Steve Everest, CEO, Prognosis Innovation Healthcare.

“The best clinical coding experience results when encoder technology is fully integrated into the end user’s core system,” mentions Mulligan. Complete encoder integration within HIS, EMR or EHR systems gives medical record coders and billers sophisticated code searches, grouping, code edits, clinical coding references, and coding advice at their fingertips. “With an integrated versus interfaced encoder, no time is wasted for medical record coders and no separate contract is required for the vendor, hospital, practice or clinic,” adds Mulligan. Everest concurs.

“We selected TruCode after a long search for an encoder partner who understood our unique market needs and was willing to work with us in a tight integration strategy,” Everest states. “Prognosis’s success is built on our ability to deliver integrated solutions that improve workflow. TruCode’s strategy is the same, making a win-win partnership for our customers.”

The TruCode-Prognosis partnership includes system integration and reseller agreements. For Prognosis customer Vicki Howe, RHIT, Director of HIM at Ness County Hospital in Kansas, the agreement means that “our coders have access to an excellent encoder/grouper with all the coding tools they need at their fingertips with a single point of entry to accommodate both MedGenix and ChartAccess, including references such as; AHA Coding Clinic for ICD-9 and I-10, CPT Assistant, Official Coding Guidelines for ICD-9 and I-10, Coders Desk Reference, as well as others.” “I am looking forward to the dynamics that TruCode and Prognosis Innovative Healthcare will provide to us,” she concludes.

About TruCode

TruCode (Alpharetta, GA) is an innovator in the medical coding software market, providing an encoder application, components and web services to the hospital, consulting and Healthcare IT marketplace. TruCode was the first to release a complete ICD-10-CM encoder and deliver encoder components via web services. TruCode’s Encoder Essentials fully integrate into healthcare IT technologies including: Computer Assisted Coding (CAC), Clinical Documentation Improvement (CDI), Electronic Medical Records (EMR), Health Information Systems (HIS) and Healthcare Business Analytics. For more information visit: www.trucode.com.

About Prognosis Innovation Healthcare

Prognosis Innovation Healthcare provides an enterprise solution, including EHR and financial systems, to rural and community hospitals. It offers a predictable path, built-in Clinical Pathways and a Meaningful Use Scorecard to drive standard of care. One hundred percent of Prognosis Innovation’s eligible clients have achieved meaningful use. Learn more at: www.prognosisinnovation.com.

December 2, 2014 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.

Amazing Charts Reaches 10,000 Clinician License Milestone

Up to 40,000 Total Users Now Taking Advantage of the EHR Rated #1 for Usability

NORTH KINGSTOWN, RI–(Marketwired – November 24, 2014) – Amazing Charts, a leading developer of Electronic Health Record (EHR) systems for physician practices, today announced it has surpassed 10,000 total clinician licenses sold. Each clinical license represents approximately four staff users, so Amazing Charts estimates there are now more than 40,000 users of the Amazing Charts Electronic Health Record system at over 6,500 independent medical practices.

This milestone underscores the success of Amazing Charts EHR, a top-rated clinical documentation system for independent medical practices. In multiple physician surveys, Amazing Charts EHR has been recognized for ease of use, affordability and overall customer satisfaction. More than 60 percent of Amazing Charts clinicians practice Primary Care Medicine, with nearly 37 percent practicing Family Medicine and 21 percent practicing Internal Medicine. Top specialties include Pediatrics, Neurology, Cardiology, and Pain Medicine.

“I want to thank our customers for reaching this significant milestone,” said John Squire, president and COO of Amazing Charts. “Our success with independent Primary Care practices puts us squarely in the middle of the struggles facing physicians today. Our mission is to help practices stay independent with new tools like our new Practice Management module, which is fully integrated with our EHR to save time and eliminate errors, while helping to increase revenue and profitability.”

About Amazing Charts
Amazing Charts provides Electronic Health Records (EHR/EMR), Practice Management, and other Health IT solutions to healthcare practices. Based on number one user ratings for usability, fair pricing, and overall satisfaction, Amazing Charts EHR has been adopted by more than 10,000 clinicians in over 6,800 private practices. Founded in 2001 by a family physician, today Amazing Charts.com, LLC operates as a subsidiary of Pri‐Med, an operating division of Diversified Communications (DC) and a trusted source for professional medical education to over 260,000 clinicians since 1995. For more information, visit: www.amazingcharts.com.

Amazing Charts is a trademark of Amazing Charts, LLC. All products or service names mentioned herein are trademarks of their respective owners.

November 24, 2014 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.

Modernizing Medicine Closes First $15M Tranche of Expected $20M Round of Funding

New round of funding led by Summit Partners and Pentland Group is expected to support product development, market expansion and company growth

Boca Raton, Florida – November 11, 2014 – Modernizing Medicine, Inc., the creator of the Electronic Medical Assistant® (EMA™), a cloud-based, specialty-specific electronic medical record (EMR) system, announced that it has closed on approximately $15M of an expected $20M funding round. The latest funding comes from existing investors, led by Summit Partners and Pentland Group, many of whom are medical specialists who use EMA.

“At Modernizing Medicine we believe that properly captured and leveraged health data has the power to increase efficiency, improve patient outcomes and transform healthcare,” said Daniel Cane, CEO and co-founder of Modernizing Medicine. “This latest round of funding reinforces that belief and the strength of our market-differentiating products and services. With the investment we intend to continue focused development in the surgical-specialties, while also committing resources for development in telemedicine, IBM Watson and mobile applications.”

Developed by surgical physicians, EMA contains built-in specialty-specific medical knowledge and workflows. It can be accessed via the Internet virtually anywhere and at any time. This flexible format, combined with EMA’s touch-screen interface and advanced ICD-10 capabilities, gives providers the freedom they need to focus on their patients with the reassurance that charting plus coding for billing can be completed at the point of care.

Currently serving eight different medical specialties, more than 4,000 providers have adopted Modernizing Medicine’s EMA in their practices.

“Healthcare professionals need tailored technologies that make it easy not only to manage but also benefit from the exploding amounts of patient data,” said Michael Sherling, MD, Modernizing Medicine’s co-founder and chief medical officer. “In a relatively short time, we have developed a solution that does just that, enabling us to capture substantial market share and emerge as a physician-favorite EMR system. In the dermatology specialty alone, more than 26 percent of U.S. dermatologists now use EMA.”

Modernizing Medicine continues to be recognized for its exceptional culture, leadership and growth. The company expects its employee base to continue to grow with approximately 100 new positions being created in the next 12-18 months. Co-founders Cane and Sherling were recently honored with the Leadership in Health Care Award by the U.S. Chamber of Commerce. The company was also named in Red Herring’s Top 100 North America list, which recognizes the top private companies across the continent that are expected to achieve significant growth in the near future.

About Modernizing Medicine

Modernizing Medicine® is transforming how healthcare information is created, consumed and utilized in order to increase efficiency and improve outcomes. Our product, Electronic Medical Assistant® (EMA™), is a cloud-based, specialty-specific electronic medical record (EMR) system with a massive library of built-in medical content. Available as a native iPad application or from almost any web-enabled Mac or PC, EMA adapts to each provider’s unique style of practice and is designed to interface with hundreds of different practice management systems. Today, Modernizing Medicine provides specialty-specific offerings for the dermatology, ophthalmology, orthopedics, otolaryngology, gastroenterology, rheumatology, urology and plastic and cosmetic surgery markets and to more than 1,400 physician practices across the country.

November 11, 2014 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.

Amazing Charts Launches Practice Management System

Cloud-Based PM Module Is Seamlessly Integrated With EHR Rated #1 for Usability

BOSTON, MA–(Marketwired – November 03, 2014) – Amazing Charts, a leading developer of Electronic Health Record (EHR) systems for physician practices, today announced the general availability of Amazing Charts Practice Management (PM), a revenue cycle management system with fully automated benefits and eligibility checking, all-payor clearinghouse connection and comprehensive financial reporting.

Amazing Charts Practice Management is fully and seamlessly integrated into Amazing Charts EHR to help clinicians improve clinical documentation and manage financial workflows. The user-friendly billing module enables a practice to manage the entire patient visit — from eligibility and scheduling to clinical documentation, billing and reporting — with a single easy-to-use system.

“We built Amazing Charts Practice Management to the same high standards for usability that we apply to Amazing Charts EHR, which is recognized in survey after survey as number one among leading EHRs for being intuitive and easy to use,” said John Squire, president and COO of Amazing Charts. “Now, physicians can purchase a single integrated clinical documentation and billing solution from Amazing Charts, saving time and eliminating errors, while helping to increase revenue and profitability. This new solution will help clinicians and administrators alike to meet the demands of managing independent medical practices.”

Pricing and Availability
Amazing Charts Practice Management is available immediately and priced at $249 per billable provider per month. Full onboarding, staff training, data conversion, an electronic clearinghouse connection, and ongoing technical support are all included in this charge. Amazing Charts Practice Management is sold only as a separate add-on module to Amazing Charts EHR.

About Amazing Charts
Amazing Charts provides Electronic Health Records (EHR/EMR), Practice Management, and other Health IT solutions to healthcare practices. Based on number one user ratings for usability, fair pricing, and overall satisfaction, Amazing Charts EHR has been adopted by more than 10,000 clinicians in over 6,800 private practices. Founded in 2001 by a family physician, today Amazing Charts.com, LLC operates as a subsidiary of Pri‐Med, an operating division of Diversified Communications (DC) and a trusted source for professional medical education to over 260,000 clinicians since 1995. For more information, visit: www.amazingcharts.com.

Amazing Charts is a trademark of Amazing Charts, LLC. All products or service names mentioned herein are trademarks of their respective owners.

November 3, 2014 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.

Kareo Secures $15 Million in Mezzanine Debt from Escalate Capital Partners

Latest investment brings total capital raised in 2014 to $47MM, new capital will be used to further expand Kareo’s cloud-based solutions for independent physicians

Irvine, CAOctober 24, 2014 Kareo, the leading provider of cloud-based medical office software for small medical practices, today announced that it has received $15 million in mezzanine debt from Escalate Capital Partners, an institutionally backed mezzanine fund that invests in high growth companies in the technology, healthcare and Software-as-a-Service (SaaS) industries. In 2014, Kareo has secured a total of $47 million in funding, reinforcing the company’s unprecedented growth and further enhancing Kareo’s role as the independent physician’s trusted partner.

Kareo enables independent physicians and their staff to streamline patient engagement, clinical documentation, billing, and other critical administrative processes in order to focus on what matters most—providing quality patient care. The $15 million in new growth capital will be used to further expand Kareo’s reach and deepen its solution set to meet inevitable demand due to patient-driven shifts in the industry, while accelerating the development and innovation of the company’s cloud-based technology.

“The shift toward consumer-driven care is continuing to gain momentum,” says Dan Rodrigues, founder and CEO of Kareo, “and we believe that independent practices are uniquely positioned to benefit from this trend and provide the most appropriate and highest quality care to patients. We are delighted to have the backing and confidence of Escalate as we further enhance our products to better support small practices.”

Kareo’s mission has been affirmed by its significant growth. The company has been consistently recognized as one of the fastest growing private companies in the U.S., realizing a 552 percent increase in revenue over the past three years. The company now serves more than 25,000 healthcare providers with its award-winning EHR, practice management and billing services platform, and is adding more than 500 provider customers per month.

“Kareo’s unique business model and market-leading solutions are changing the game in healthcare IT,” says Ross Cockrell, managing director at Escalate Capital Partners. “There is considerable market opportunity for Kareo as independent physicians provide the majority of patient care in the United States. And with increasing focus on fee-for-quality reimbursement models, this trend will likely continue. Kareo is well poised to sustain its growth record and we are excited to be a part of its continued success.”

The latest financing brings Kareo’s total capital raised to $90 million. New investor Escalate Capital Partners joins Kareo’s group of top-tier institutional investors which also include OpenView Venture Partners, Greenspring Associates, Stripes Group, Silicon Valley Bank and Western Technology Investments.

About Kareo

Kareo is the only cloud-based medical office software and services platform purpose-built for small practices. At Kareo, we believe that, with the right tools and support, small practices can do big things. We offer an integrated solution of products and services designed to help physicians get paid faster, run their business smarter, and provide better care. Our practice management softwarebilling services, and free, award-winning fully certified EHR help more than 25,000 medical providers more efficiently manage the business and clinical sides of their practice. Kareo has received extensive industry recognition, including the Deloitte Technology Fast 500, Inc. 500/5000, Forbes Top 100 Most Promising Companies, and Black Book #1 Integrated EHR, Practice Management and Billing Vendor. Headquartered in Irvine, California, the Kareo mission is to help providers spend their time focused on patients, not paperwork. For more information, visit www.kareo.com.

About Escalate Capital Partners

Escalate Capital Partners is an institutionally backed mezzanine fund that invests in high growth companies and is an ideal partner at the critical growth phase in a company’s lifecycle, offering patient capital tailored to each company’s unique needs. Escalate Capital has built a track record as a valued and committed partner through periods of robust growth and economic uncertainty. The Escalate Capital investment team has a combined 75+ years of experience and has invested more than $2 billion in over 500 companies.

October 24, 2014 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.

Nextech to Acquire MDIntelleSys, the Leading Cloud-Based EHR for Eye Care

Tampa, Florida – October 2, 2014 – Nextech Systems, a leading provider of specialty-focused healthcare technology solutions for physician practices, and MDIntelleSys (MDI), a leading cloud-based electronic health record (EHR) for ophthalmologists, today announced that they have entered a strategic agreement in which Nextech will acquire MDI. The acquisition of MDI effectively doubles Nextech’s ophthalmology market share while adding clinical depth and ophthalmic expertise to Nextech’s suite of solutions. It will also allow Nextech to immediately provide its cloud-based practice management solutions to MDI customers.

“This strategic acquisition strengthens Nextech’s position as the industry leader in specialty-specific healthcare IT solutions, and by combining our product portfolio with MDI, we will be able to offer a collective SaaS presence in our markets,” says David Henriksen, CEO of Nextech. “Together, MDI and Nextech will drive product innovation and deeper engagement with our customers and partners to support the unique needs of specialty physicians.”

Nextech is the largest specialty-specific EHR provider and is the only specialty EHR to be ranked in Medscape’s “Top Favorite EHR List.” Nextech’s industry leading position is supported by the strategic experience and financial strength of healthcare technology focused private equity firm Francisco Partners. In October of last year, Francisco Partners made a strategic investment in Nextech due to its strength and stability as the largest all-in-one specialty specific solution. Through this acquisition, MDI clients are now able to take advantage of Nextech’s full product suite of integrated solutions, including practice management, marketing, inventory and optical shop management modules. These customers will also gain access to Nextech’s consultative services with regard to meeting requirements for meaningful use and ICD-10.

“It is the goal of both Nextech and MDI to capitalize on our joint success in the ophthalmology market to further advance our solution offerings,” says Dan Montzka, MD, founder, chairman and CEO of MDIntelleSys. “This transaction will enhance both companies’ offerings immensely, better serving the needs of more than 25,000 ophthalmologists in the United States alone.”

By joining forces with MDI, which ranked number one in nine categories on the American Society of Ophthalmic Administrators (ASOA) 2013 EHR Customer Satisfaction Survey, Nextech is able to further extend its position as the premier specialty-specific solution for ophthalmology practices. Nextech will leverage MDI’s Software as a Service (SaaS) capabilities to expand the company’s cloud offering, extending the usability and reach of Nextech’s integrated solution. Nextech will now offer both a client-server model and cloud-based solution to meet each practice’s unique needs.

“Over the years, I have admired MDI’s excellence in customer service, clinical product focus and its unique SaaS offering.   A testament to the leadership and passion of Dr. Montzka and his team,” says Dr. Kamal Majeed, Founder and Board Member of Nextech. “Combined with Nextech’s all-encompassing products and mobile platforms, this partnership creates a powerful and most unique offering in the market.”

Dr. Dan Montzka will assume the role of Chief Medical Officer at Nextech. While still subject to customary closing conditions, MDIntelleSys, LLC will now be known as MDIntelleSys, a Nextech company. The product portfolios from both companies will continue to move forward as Nextech and MDI work to advance and combine their respective solution offerings.

About Nextech

Nextech deploys specialty-focused healthcare technology for physician practices. As a trusted advisor to thousands of specialty providers since 1997, Nextech delivers consultative guidance, professional services and innovative tools that enable clients to increase efficiencies while meeting their long-term business goals. The company’s robust solutions integrate seamlessly with value-added modules to create a single, intuitive platform that streamlines clinical, administrative, financial and marketing workflows. To learn how Nextech’s advanced offerings help specialty providers succeed in a fast-changing healthcare environment, visitwww.nextech.com.

About MDIntelleSys

MDIntelleSys, A Nextech Company, located in Clearwater, Florida designs, develops and markets intelligent healthcare solutions for ophthalmologists. MDI’s electronic health records (“EHR”) software, called IntelleChart, is the leading cloud based EHR specifically designed for eye care specialists. For additional information visit: www.mdiehr.com.

About Francisco Partners 

Francisco Partners is a global private equity firm that specializes in investments in technology companies. Since its launch over a decade ago, FP has raised approximately $7 billion and invested in more than 100 technology companies, making it one of the most active investors in the industry.  The firm invests in transaction values ranging from $50 million to over $2 billion, where the firm’s deep sub-sector knowledge and operational expertise can help a company realize its full potential. For further information, please visit: www.franciscopartners.com.

October 6, 2014 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.

ADP AdvancedMD EHR Receives ONC-ACB Certification by Drummond Group

ADP AdvancedMD continues efforts to help small medical practices earn maximum government incentives and avoid future penalties

Salt Lake City, UT – (September 17, 2014)ADP® AdvancedMD a leader in all-in-one, cloudelectronic health records (EHR), practice management, medical scheduling, medical billing services as well as a pioneer of big data reporting and business intelligence for smaller medical practices, today announced it has been tested and certified under the Drummond Group’s Electronic Health Records Office of the National Coordinator Authorized Certification Body (ONC-ACB) program. ADP AdvancedMD EHR software is compliant in accordance with the criteria adopted by the Secretary of the U.S. Department of Health and Human Services.

Drummond Group’s ONC-ACB certification program certifies that EHRs meet the meaningful use criteria for either eligible provider or hospital technology. In turn, healthcare providers using the EHR systems of certified vendors are qualified to receive federal stimulus monies upon demonstrating meaningful use of the technology – a key component of the federal government’s push to improve clinical care delivery through the adoption and effective use of EHRs by U.S. healthcare providers.

Maintaining compliance in the ever-changing regulatory landscape is increasingly demanding for independent medical practices. As one of the earliest providers of true software-as-a-service (SaaS) medical office software, ADP AdvancedMD offers speed and savings related to updates and upgrades with all users so they are automatically and continuously upgraded to the latest version as part of their monthly subscription.

ADP AdvancedMD EHR, version 2014.1, which meets the requirements for a Complete EHR, provides the independent physician with clinical solutions to manage patient care from anywhere with improved workflow efficiency and operational control. Flexible and customizable patient encounter documentation can be configured to complement broad work style and clinical approaches.

“This certification wasn’t about getting a checkbox or a listing on the ONC website as much as we felt it an opportunity to help our independent physician customers engage in the benefits of MU2,” said Raul Villar, president, ADP AdvancedMD. “The additions we’ve made to our product suite will help propel independent physicians into the next generation of healthcare IT in a way that previously was unavailable to them. We are proud to be the engine to empower that transition and transformation for our customers. We see this as the beginning, not the finish line.”

This Complete EHR is 2014 Edition compliant and has been certified by an ONC-ACB in accordance with the applicable certification criteria adopted by the Secretary of the U.S. Department of Health and Human Services. This certification does not represent an endorsement by the U.S. Department of Health and Human Services or guarantee the receipt of incentive payments. As a cloud technology, ADP AdvancedMD is an all-inclusive product and service. There is a one-time setup fee that covers the implementation and training. The monthly service fee is comprehensive and there are no additional costs that an eligible provider would pay to implement for the purposes of achieving meaningful use. Interface development, configuration, or other required patient services might require additional fees.

Certification of EHR Compliance

  • ADP AdvancedMD EHR v2014.1
  • Certification Number: 09112014?2755?1
  • Certification date: September 11, 2014
  • Modules Tested: 170.314 (a)(1?15); (b)(1?5, 7); (c)(1?3); (d)(1?9); (e)(1?3); (f)(1?3); (g)(2?4)
  • Clinical Quality Measures tested: 50v2; 68v3; 69v2; 75v2; 90v3; 122v2; 123v2; 126v2; 127v2; 131v2; 138v2; 139v2; 146v2; 154v2; 155v2; 156v2; 165v2; 166v3
  • Additional software used: Surescripts Network for Clinical Interoperability

About ADP

With more than $12 billion in revenues and 65 years of experience, ADP® (Nasdaq: ADP) serves approximately 637,000 clients in more than 125 countries.  As one of the world’s largest providers of business outsourcing and Human Capital Management solutions, ADP offers a wide range of human resource, payroll, talent management, tax and benefits administration solutions from a single source, and helps clients comply with regulatory and legislative changes, such as the Affordable Care Act (ACA).  ADP’s easy-to-use solutions for employers provide superior value to companies of all types and sizes.  ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world.  For more information about ADP, visit the company’s Web site at www.ADP.com

The ADP logo and ADP are registered trademarks of ADP, LLC. All other marks are the property of their respective owners. Copyright © 2014 ADP, LLC.

About Drummond Group Inc.
Drummond Group Inc. is a global software test and certification lab that serves a wide range of vertical industries.  In healthcare, Drummond Group tests and certifies Controlled Substance Ordering Systems (CSOS), Electronic Prescription of Controlled Substances (EPCS) software and processes, and Electronic Health Records (EHRs) – designating the trusted test lab as the only third-party certifier of all three initiatives designed to move the industry toward a digital future. Founded in 1999, and accredited for the Office of the National Coordinator HIT Certification Program as an Authorized Certification Body (ACB) and an Accredited Test Lab (ATL), Drummond Group continues to build upon its deep experience and expertise necessary to deliver reliable and cost-effective services. For more information, please visithttp://www.drummondgroup.com or email DGI@drummondgroup.com.

September 17, 2014 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.