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CareCloud Raises $25.5 Million in Venture Debt from Hercules Technology Growth Capital

MIAMI–(BUSINESS WIRE)– CareCloud, the leading provider of cloud-based practice management, electronic health records (EHR), and medical billing software and services, today announced that it has received a $25.5 million debt financing commitment from Hercules Technology Growth Capital, Inc. (NYSE: HTGC), the leading specialty finance company focused on providing senior secured loans to venture capital-backed companies in technology-related markets, including technology, biotechnology, life science, and energy & renewable technology industries, at all stages of development.

“We are thrilled to have the support and confidence of a leading technology investor like Hercules as we continue to execute on our aggressive business plan,” said R. Scott Lentz, Chief Financial Officer of CareCloud. “This commitment will enable us to accelerate the expansion of our technology solutions and further our strategic objective of providing the industry’s first modern cloud-based platform for healthcare.”

“We appreciate the opportunity to provide the financing required to advance CareCloud’s efforts to expand its market footprint and achieve its impressive growth objectives,” commented Tony Pandjiris, Managing Director at Hercules. “We are confident that CareCloud’s strong management team will be able to seize on the considerable market opportunity as medical groups look to modernize their IT infrastructure and deliver the best patient care possible.”

CareCloud reported record revenue increases during the first quarter of 2014, representing its 17th consecutive quarter of year-over-year triple-digit revenue growth. During the quarter, CareCloud also signed a record of over 170 new medical groups to its cloud-based platform. The Company’s cloud-based platform currently supports thousands of providers in 48 states and manages more than $3 billion in annualized accounts receivables on behalf of its clients. The Company’s award-winning platform also engages more than 8 million unique patients through CareCloud Community, which allows for greater patient engagement and care coordination and is the cornerstone of the company’s vision to be the industry’s Single Log In for Healthcare.

While many physician practices are increasingly concerned about the health of their practices, CareCloud offers products and services to help. The May 2014 Practice Profitability Index (PPI) surveyed over 5,000 U.S. physicians and found they are now more than twice as likely to foresee eroding, not increasing, profits in 2014. Those with a negative outlook increased from 36% to 39% during the past year, while optimists declined from 22% to 19%.The percentage of doctors spending more than one day a week on paperwork rose sharply between 2013 and 2014, from 58% to 70%. Nearly one-quarter (23%) spend more than 40% of their time on administration, up from 15% last year.

About Hercules Technology Growth Capital, Inc.

Hercules Technology Growth Capital, Inc. (NYSE: HTGC) is the leading specialty finance company focused on providing senior secured loans to venture capital-backed companies in technology-related markets, including technology, biotechnology, life science, and energy & renewable technology industries, at all stages of development. Since inception (December 2003), Hercules has committed more than $4.2 billion to over 270 companies and is a lender of choice for entrepreneurs and venture capital firms seeking growth capital financing.

The Company’s common stock trades on the New York Stock Exchange under the ticker symbol “HTGC.”

In addition, Hercules has two outstanding bond issuances of 7.00 percent Senior Notes due 2019—the April 2019 Notes and September 2019 Notes—which trade on the NYSE under the symbols “HTGZ” and “HTGY,” respectively.

Companies interested in learning more about financing opportunities should contact info@htgc.com, or call 650.289.3060.

About CareCloud

CareCloud is the leading provider of cloud-based practice management, electronic health record (EHR), and medical billing software and services for medical groups. The company’s products are connecting providers to one another – and to their patients – through a fully integrated digital healthcare ecosystem that can be accessed on any browser or device.

CareCloud is helping thousands of physicians to increase collections, streamline operations and improve patient care in over 48 states, and currently manages over $3 billion in annualized accounts receivables on behalf of its revenue cycle management clients. To learn more about CareCloud, please visit www.carecloud.com.

June 26, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 14 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and Google Plus.

Napier Healthcare Names Sahel Mattar as Vice President of Global Consulting and Services

Singapore, June 24, 2014 – Napier Healthcare, a leading healthcare technology and services provider, today announced the appointment of Sahel Mattar as Vice President of Global Consulting and Services. In his capacity, Sahel will be responsible for strategy, consultation, professional services, and implementation of Napier’s Healthcare Information Technology solutions to healthcare providers around the world.

Sahel brings more than 20 years of Information Technology (IT) and healthcare experience to his new role. Before joining Napier, he has held senior management positions in various companies including Ariba, Cap Gemini, HCL AXON, Misys, SAP Asia and Sun Microsystems.

“It is a privilege to join Napier Healthcare, an innovative company that brings together the best medical informatics professionals with deep domain knowledge and experience in the healthcare industry,” said Sahel on his new appointment. “Today is a turbulent time for the healthcare landscape as major shifts are evolving across the globe. As a team, we are committed to help providers transform their business with innovative care delivery models to achieve the highest quality care possible at the lowest possible cost.”

Sahel has vast experience in implementing IT solutions including Health Information Systems (HIS) deployed across both public and private hospitals in Singapore. Prior to joining Napier Healthcare, Sahel was Head of SAP Services for HCL AXON where he was responsible for managing the SAP line of business and services delivery function.

“We are excited to have Sahel join the leadership team. Sahel will lead Napier’s strategic initiative to transform the Consulting arm as our business expands across the globe. His leadership and experience will help create value for customers and enable Napier’s customers to learn from best practices across hospitals worldwide,” said Tirupathi Karthik, CEO of Napier Healthcare.

# # #

About Napier Healthcare

With Napier’s Healthcare solutions, hospitals can run their end-to-end operations with complete visibility and control over costs. The Mobility, Analytical and Home Care solutions offered by Napier are today powering innovative healthcare delivery models worldwide.

Established in 1996, Napier’s software and services have helped midsized, large private and public sector hospitals transform the way they capture clinical information, streamline workflow, reduce medical errors and provide analytical insights. Headquartered in Singapore with presence in USA, India and Middle East, Napier’s solutions are in line with the latest global healthcare trends and standards such as the United States Meaningful Use certification and ISO 9001:2008.

For more information, visit http://www.napierhealthcare.com/

June 25, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 14 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and Google Plus.

Fundamental Shift Seen in Healthcare Acquisition and Affiliation Strategies

(June 22, 2014, Las Vegas) Acquisitions and affiliations are now being driven more by strategy than by financial need, according to new research released today at the Healthcare Financial Management Association’s (HFMA’s) 2014 National Institute in Las Vegas.

While traditional acquisitions—in which a weaker healthcare system is acquired by a stronger one—still occur, the trend is shifting toward mergers and acquisitions that take place between financial equals, according to the report. These are value-focused acquisition and affiliation strategies, geared toward improving the quality or cost-effectiveness of care, as opposed to dominating markets.

Affiliations that improve value for patients and other care purchasers are likely to be well received,” said HFMA president and CEO Joseph J. Fifer, FHFMA, CPA. “When a merger or acquisition happens for the right reasons, everybody wins.”

Interviews with consultants and provider organizations actively pursuing these strategies revealed several key drivers and defining characteristics of acquisition and affiliation activity in the healthcare provider marketplace today:

  • Key drivers include improving operational efficiencies, creating clinically integrated care delivery networks, and accessing sufficient populations for population health management.
  • Many acquiring organizations are not interested in adding acute inpatient capacity. As a result, the other assets a hospital-based system can bring may be equally or more important than the hospital itself.
  • Financially troubled hospitals are becoming less attractive acquisition targets.
  • For affiliation and acquisition purposes, the distinction between not-for-profit and for-profit status is lessening in importance, although religious affiliations of not-for-profit systems still pose roadblocks for some partnerships.
  • Some organizations are pursuing innovative models that are characterized by the parties involved as combinations rather than mergers.

The research findings are detailed in Acquisition and Affiliation Strategies, which was based on a series of interviews conducted by HFMA in early 2014. Innovative approaches developed by AllSpire Health Partners; Dignity Health; Froedtert Health and the Medical College of Wisconsin; and Minnesota-based Health Partners and Park Nicollet Health Services are among those profiled in the report. The report also addresses legal and regulatory issues and identifies key considerations for organizations that are considering value-focused strategies for affiliation and acquisition. To download the full report, visit hfma.org/valueproject.

About HFMA  
With more than 40,000 members, the Healthcare Financial Management Association (HFMA) is the nation’s premier membership organization for healthcare finance leaders. HFMA builds and supports coalitions with other healthcare associations and industry groups to achieve consensus on solutions for the challenges the U.S. healthcare system faces today. Working with a broad cross-section of stakeholders, HFMA identifies gaps throughout the healthcare delivery system and bridges them through the establishment and sharing of knowledge and best practices. We help healthcare stakeholders achieve optimal results by creating and providing education, analysis, and practical tools and solutions. Our mission is to lead the financial management of health care. hfma.org

 

June 22, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 14 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and Google Plus.

New York eHealth Collaborative, Coordinator of the Statewide Health Information Network of New York, Achieves DirectTrust.org/EHNAC Accreditation

Direct Trusted Agent accreditation ensures NYeC’s adherence to data processing standards and compliance with security infrastructure, integrity and trusted identity requirements

New York – The New York e-Health Collaborative (NYeC) – which is coordinating development of New York’s electronic health records network , known as the Statewide Health Information Network of New York (the SHIN-NY) – announced today it has achieved full accreditation with the Direct Trusted Agent Accreditation Program (DTAAP) from DirectTrust.org and the Electronic Healthcare Network Accreditation Commission (EHNAC). Direct Trusted Agent accreditation recognizes excellence in health data processing and transactions, and ensures compliance with industry-established standards, HIPAA regulations and the Direct Project.

Through the consultative review process, EHNAC evaluated the New York eHealth Collaborative in areas of privacy, security and confidentiality; technical performance; business practices and organizational resources as it relates to Directed exchange participants. In addition, EHNAC reviewed the organization’s process of managing and transferring protected health information and determined that the organization meets or exceeds all EHNAC criteria and industry standards. Through completion of the rigorous accreditation process, the organization demonstrates to its constituents, adherence to strict standards and participation in the comprehensive, objective evaluation of its business.

“Endorsed by the Office of the National Coordinator for Health Information Technology (ONC), the Direct Trusted Agent Accreditation Program ensures that organizations like the New York eHealth Collaborative establish and uphold a superior level of trust for their stakeholders,” said Lee Barrett, Executive Director of EHNAC. “The need in the marketplace for guidance and accountability in health information exchange is undeniable, and we applaud the New York eHealth Collaborative’s commitment to the highest standards in privacy, security and confidentiality.”

“We’re very pleased to receive full accreditation with the Direct Trusted Agent Accreditation Program from DirectTrust.org and the Electronic Healthcare Network Accreditation Commission,” said David Whitlinger, Executive Director of the New York e-Health Collaborative. “This achievement is a critical step forward in supporting our ability to provide New Yorkers with fast and secure access to their electronic health records, anywhere and anytime.”

The New York e-Health Collaborative (NYeC) is coordinating the development of New York’s electronic health records network, known as the Statewide Health Information Network of New York (the SHIN-NY). The SHIN-NY will be an innovative public network designed to give doctors and patients fast and secure access to their electronic health records no matter where they are in the state. NYeC has helped put New York at the forefront of health innovation, making NY the first large state in the country to appropriate public funding to build a network of widely accessible electronic health records of this kind.

About The New York eHealth Collaborative (NYeC): NYeC is a not-for-profit organization, working in partnership with the New York State Department of Health to improve healthcare for all New Yorkers through health information technology (health IT). Founded in 2006 by healthcare leaders, NYeC receives funding from state and federal grants to serve as the focal point for health IT in the State of New York. NYeC works to develop policies and standards, to assist healthcare providers in making the shift to electronic health records, and to coordinate the creation of the Statewide Health Information Network of New York(SHIN-NY), a network to connect healthcare providers statewide. www.nyehealth.org.

About DirectTrust.org

DirectTrust.org is a non-profit, competitively neutral, self-regulatory entity created by and for participants in the Direct community, including HISPs, CAs and RAs, doctors, patients, and vendors, and supports both provider-to-provider as well as patient-to-provider Direct exchange. The goal of DirectTrust.org is to develop, promote and, as necessary, help enforce the rules and best practices necessary to maintain security and trust within the Direct community, consistent with the HITECH Act and the governance rules for the NwHIN established by ONC.

DirectTrust.org is committed to fostering widespread public confidence in the Direct exchange of health information. To learn more, visitwww.directtrust.org.

About EHNAC

The Electronic Healthcare Network Accreditation Commission (EHNAC) is a voluntary, self-governing standards development organization (SDO) established to develop standard criteria and accredit organizations that electronically exchange healthcare data. These entities include electronic health networks, payers, financial services firms, health information exchanges, medical billers, outsourced services, e-prescribing solution providers and direct trusted agents.

EHNAC was founded in 1993 and is a tax-exempt 501(c)(6) nonprofit organization. Guided by peer evaluation, the EHNAC accreditation process promotes quality service, innovation, cooperation and open competition in healthcare. To learn more, visit www.ehnac.org or contact info@ehnac.org. Connect with EHNAC on TwitterYouTubeLinkedIn and Facebook.

June 17, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 14 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and Google Plus.

Automating Laboratory-On-A-Chip To Cut Healthcare Costs

Philip Brisk in his lab

RIVERSIDE, Calif. (www.ucr.edu) — A research team at the University of California, Riverside has created a computer programming language that will automate “laboratory-on-a-chip” technologies used in DNA sequencing, drug discovery, virus detection and other biomedical applications.

A laboratory-on-a-chip is a device that integrates laboratory functions on a chip that is only millimeters or centimeters in size. The technology allows for the automation and miniaturization of biochemical reactions. It has the potential and to improve and reduce the cost of healthcare.

“If you think of the beginning of computers they were basically tools to automate mathematics,” said Philip Brisk, an assistant professor in the Department of Computer Science and Engineering at UC Riverside’s Bourns College of Engineering. “What are we are creating is devices that could automate chemistry in much the same way.”

Digital Microfluidic BioChip illustration 

A tile is the fundamental building block of the virtual architecture. The virtual architecture is imposed onto a Digital Microfluidic BioChip by tiling the fundamental building blocks to create a 2D array of tiles.

The most recent laboratory-on-a-chip devices are equipped with integrated electronic sensors, similar in principle to those used in today’s smart phones and tablet PCs. These sensors enable scientists and health care professionals working with the devices to analyze the sensor data to make informed decisions about future analyses to perform.

Brisk and his research team are funneling the sensor data into a computer, facilitating automated decision making, rather than employing a human-in-the-loop.

“We are really trying to eliminate as much human interaction as possible,” Brisk said. “Now, you have a chip, you use it and then you analyze it. Through automation and programmability, you eliminate human error, cuts costs and speed up the entire process.”

Brisk’s findings were recently published in a paper, “Interpreting Assays with Control Flow on Digital Microfluidic Biochips,” in ACM Journal on Emerging Technologies in Computing Systems.

June 16, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 14 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and Google Plus.

Quintiles Honored for IT Innovation, Named to 2014 CIO 100

Infosario® Platform Revolutionizes Drug Safety  

RESEARCH TRIANGLE PARK, N.C. – June 6, 2014 – Quintiles, the world’s largest biopharmaceutical services provider, has been named to the 2014 CIO 100.  Each year, CIOmagazine identifies and honors 100 organizations that have distinguished themselves by creating business value through the effective and innovative use of IT.

Quintiles was named to the CIO 100 because of its transformational Quintiles Infosario®Safety solution, a drug safety technology platform which is fully integrated with relevant regulatory agencies and future-proofed through a community development model.

“We are honored to be included in the CIO 100 for our work in helping to solve industry and customer challenges,” said Quintiles CIO Richard Thomas.  “Introduced in 2011, our award-winning Infosario solutions combine our deep scientific and operational expertise with industry-leading technology innovations that improve our customers’ probability of success at every step of the way.”

During development of Quintiles Infosario Safety, the company consolidated more than 35 individual drug safety systems and pooled a wide range of best practices and processes to create a highly optimized and efficient operating model to help its biopharmaceutical customers ensure that all regulatory requirements for drug safety management are met on a global basis. Quintiles then developed an entire portfolio of safety applications, regulatory agency integrations and implementation accelerators virtualized and deployed in its private cloud, securely available 24 hours a day, seven days a week via web browser.

This success led to the introduction of a platform that provides customers with benefits including, but not limited to:

  • Massive cost reductions versus legacy solutions;
  • Automated regulatory agency and partner integration;
  • Guaranteed information exchange;
  • Comprehensive safety capabilities and best-of-breed processes;
  • Enhanced regulatory and operational reporting capabilities;
  • Enhanced compliance;
  • Secure environment, guaranteeing patient privacy and pharma confidentiality.

“We take tremendous pride in this recognition, but what really drives us is our passion to help patients,” continued Thomas.  “Patient safety is a top priority for us, just as it is for our customers.  Infosario Safety helps conquer some of the complexity involved in safeguarding patients.  We believe technology innovation must be focused on success in human measures.”

“For 27 years now, the CIO 100 awards have honored the innovative use of technology to deliver genuine business value,” said Maryfran Johnson, editor in chief of CIO magazine and events. “Our 2014 winners are an outstanding example of the transformative power of IT to drive everything from revenue growth to competitive advantage.”

About Quintiles

Quintiles (NYSE: Q) is the world’s largest provider of biopharmaceutical development and commercial outsourcing services with a network of more than 29,000 employees conducting business in approximately 100 countries. We helped develop or commercialize all of 2013’s top-100 best-selling drugs on the market. Quintiles applies the breadth and depth of our service offerings along with extensive therapeutic, scientific and analytics expertise to help our customers navigate an increasingly complex healthcare environment as they seek to improve efficiency and effectiveness in the delivery of better healthcare outcomes.  To learn more about Quintiles, please visit www.quintiles.com

June 6, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 14 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and Google Plus.

In Response to ICD-10 Delay, WEDI Proposes Aggressive Transition Roadmap

Medicare and Medicaid readiness transparency, expedited testing and expanded education identified as high-priority needs

RESTON, Va. — June 05, 2014 — The Workgroup for Electronic Data Interchange (WEDI), the nation’s leading nonprofit authority on the use of health IT to create efficiencies in healthcare information exchange, submitted a letter to the Dept. of Health and Human Services (HHS) outlining a high-level ICD-10 transition roadmap. The letter, written in response to the recent one year ICD-10 delay mandated by the Protecting Access to Medicare Act of 2014, details the impact of the postponement on healthcare stakeholders and defines recommended action steps to minimize continued disruption to the healthcare industry.

In the letter, several action steps are detailed including:

  • Ensure Medicare and Medicaid readiness transparency
  • Expedite, supporting and expanding industry testing
  • Expand provider education and support
  • Target outreach to non-covered entities
  • Conduct or support limited pilots
  • Establish clear milestones and track readiness

“WEDI and our industry partners believe that these recommendations provide a framework that we can work towards in order to ensure the successful ICD-10 transition,” said Devin Jopp, Ed.D., WEDI president and CEO. “It is critical that HHS work with private industry to establish credibility in a new compliance date by focusing on critical issues such as readiness transparency, comprehensive testing, and augmented education. Absent these actions, we are concerned that implementation of the code sets will continue to be protracted, adding needless administrative burden and cost to the industry.”

In development of the ICD-10 Transition Roadmap, WEDI convened an industry ICD-10 Summit on April 30, 2014 in Reston, Va, that featured participation of more than two hundred industry stakeholders. The Summit was a collaborative event co-sponsored by the Professional Association of Healthcare Office Management (PAHCOM), Healthcare Information and Management Systems Society (HIMSS) and the American Academy of Professional Coders (AAPC).

Read the full letter and learn about the developments from WEDI’s ICD-10 Summit which influenced this communication to HHS.

About WEDI

The Workgroup for Electronic Data Interchange (WEDI) is the leading authority on the use of health IT to improve healthcare information exchange in order to enhance the quality of care, improve efficiency, and reduce costs of our nation’s healthcare system. WEDI was formed in 1991 by the Secretary of Health and Human Services (HHS) and was designated in the 1996 HIPAA legislation as an advisor to HHS. WEDI’s membership includes a broad coalition of organizations, including: hospitals, providers, health plans, vendors, government agencies, consumers, not-for-profit organizations, and standards development organizations. To learn more, visit www.wedi.org and connect with us on Twitter, Facebook and LinkedIn.

June 5, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 14 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and Google Plus.

Availity Acquires RevPoint, Adds Patient Access Capabilities to Revenue Cycle Suite

Transaction addresses demand for improved reimbursement management tools; simplifies “up-front” payment processes for providers and their patients

JACKSONVILLE, Fla.–(BUSINESS WIRE)– Availity, one of the nation’s leading health information networks, today announced it has acquired Nashville, Tennessee-based RevPoint Healthcare Technologies, an innovative provider of revenue cycle tools that increase patient collections at the beginning of the revenue cycle process.

Russ Thomas, Availity CEO (Photo: Business Wire)Russ Thomas, Availity CEO (Photo: Business Wire)

Unlike traditional collection tools developed to support the end of the revenue cycle, the RevPoint solution focuses on the front office – where it matters most – enabling an increase in patient payments before the patient visit. The acquisition expands Availity’s ability to satisfy one of the provider market’s top pain points: more timely and consistent cash flow. Improved cash flow is especially critical as the popularity of high deductible health plans means more of the payment responsibility moves to patients, and thus physicians, to ensure timely payment. The acquisition also accelerates Availity’s reach into the hospital and health system sectors, while deepening its capabilities to meet the demands of an evolving revenue cycle.

“Health care is transforming quickly, and with it the revenue cycle process is changing dramatically for providers,” said Russ Thomas, Availity CEO. “With patient financial responsibility on the rise, a wave of new payment models in the market, and increased pressure to reduce operating costs, providers must be able to accelerate their patient collections earlier to maintain a healthy cash flow. The tools developed by RevPoint make that possible by facilitating an integrated and automated workflow for up-front patient collections, enabling us to deliver an even more powerful solution to our customers.”

Availity’s deep expertise in provider workflows supporting the billing and reimbursement processes will be enhanced with RevPoint’s experience in early-cycle reimbursement, enabling Availity to offer customers enhanced patient access tools for improving business performance.

“We are very excited about joining Availity,” said Hal Andrews, Chief Executive Officer for RevPoint. “Their relentless focus on delivering high-value solutions that simplify the provider revenue cycle is a perfect complement to RevPoint’s capabilities. Coming together with them is a real win for both our companies and our customers.”

RevPoint will operate under the Availity brand as part of its revenue cycle management suite of solutions and will continue to be run out of Nashville. “We look forward to building a strong presence in the Nashville market, which has been a hub of innovation and leadership in health care,” said Thomas.

Brentwood Capital Advisors LLC served as the exclusive financial advisor to RevPoint in this transaction. Terms of the arrangement are not being disclosed.

June 2, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 14 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and Google Plus.

FDA Launches openFDA to Provide Easy Access to Valuable FDA Public Data

Today, the U.S. Food and Drug Administration launched openFDA, a new initiative designed to make it easier for web developers, researchers, and the public to access large, important public health datasets collected by the agency.

In alignment with the recent Presidential Executive Order on Open Data and the Department of Health and Human Services Health Data Initiative, openFDA will make the FDA’s publicly available data accessible in a structured, computer readable format that will make it possible for technology specialists, such as mobile application creators, web developers, data visualization artists and researchers to quickly search, query, or pull massive amounts of public information instantaneously and directly from FDA datasets on an as needed basis.

OpenFDA utilizes a search-based Application Program Interface (API) to collect large amounts of existing publicly available data, offering developers the ability to search through text within that data, ranking results much like a search using Google would do. This method then allows them to build their own applications on top of openFDA, giving them a large amount of flexibility to determine what types of data they would like to search and how they would like to present that data to end-users. This enables a wide variety of applications to be built on one common platform.

“The openFDA initiative leverages new technologies and methods to unlock the tremendous public data and resources available from the FDA in a user-friendly way,” said Walter S. Harris, the FDA’s chief operating officer and acting chief information officer. “OpenFDA is a valuable resource that will help those in the private and public sectors use FDA public data to spur innovation, advance academic research, educate the public, and protect public health.”

The initiative is the result of extensive research with internal officials and external developers to identify those datasets that are in recurrent demand and are traditionally fairly difficult to use. Based on this research, the FDA decided to phase in openFDA beginning with an initial pilot program involving the millions of reports of drug adverse events and medication errors that have been submitted to the FDA from 2004 to 2013. Previously, the data was only available through difficult to use reports or Freedom of Information Act requests.

The adverse events data made available under this initiative do not contain any data that could potentially be used to identify individuals or other private information. The pilot will later be expanded to include the FDA’s databases on product recalls and product labeling.

“Through this new and novel approach to data organization, these reports will be available in their entirety so that software developers can build tools to help signal potential safety information, derive meaningful insights, and get information to consumers and health care professionals in a timely manner,” said Taha Kass-Hout, M.D., the FDA’s chief health informatics officer. “OpenFDA offers a scalable platform that can be easily searched and queried across many distinct datasets, and can be easily redeployed or altered to fit a variety of purposes, and provides an innovative public data search and analytics solution.”

In addition to providing datasets, openFDA will encourage the innovative use of the agency’s publicly available data by highlighting potential data applications and providing, a place for community interaction with each other and with FDA domain experts.

The FDA will continually work to identify additional public datasets to make available through openFDA. More information can be found at open.FDA.gov or you can email the FDA for more information at open@fda.hhs.gov.

The openFDA Initiative was formally launched with the creation of the Chief Health Informatics Officer (CHIO) and the Office of Informatics and Technology Innovation (OITI) at the FDA.

I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 14 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and Google Plus.

ZirMed Acquires Intelligent Healthcare

Acquisition of Cloud-based Population Health Management Analytics Company Expands ZirMed’s Ability to Support Value-Based Reimbursement Models

Louisville, KY – May 21, 2014 – ZirMed®, a leading health information connectivity and management solutions company, today announced that it has acquired California-based Intelligent Healthcare, a data-driven clinical integration and population health management company. ZirMed will immediately begin integrating Intelligent Healthcare’s population health management analytics platform into its technology suite.

“We’ve always been focused on improving our clients’ bottom line by helping them improve operational efficiencies and get reimbursed more quickly for the services they provide,” said Tom Butts, CEO of ZirMed. “Today, provider organizations need tools to support traditional fee-for-service models and prepare for fee-for-value models of care as quality and reimbursement are increasingly linked. The ability to provide both financial and clinical integration in this environment is a natural extension of our core business. Our goal has always been to help providers operate as efficiently and profitably as possible so that they can focus on their primary job—treating patients and providing quality care. The acquisition of Intelligent Healthcare will further solidify our ability to provide end-to-end revenue cycle solutions for the entire healthcare marketplace.”

Intelligent Healthcare’s population health management solution aggregates clinical and financial data from a variety of disparate healthcare information systems to deliver real-time quality tracking, gaps in care and population health management solutions for value-based reimbursement programs.  Intelligent Healthcare’s highly scalable solution stratifies at-risk patients, provides deep cost and utilization analysis, and supports provider organizations as they work to meet and exceed goals for public and private P4P, Medicare Shared Savings Programs, Commercial Accountable Care Organizations (ACOs), PQRS/HEDIS scores, Patient Centered Medical Home (PCMH) models, and other value-based care programs.

“Intelligent Healthcare has built a reputation as a trusted partner for managing value-based programs. We’ve been dedicated to taking population health in a new direction by aggregating information from multiple data silos and focusing on the entire patient population,” said Paul Katz, CEO and Founder of Intelligent Healthcare. “ZirMed was a very natural fit for our organization—they have an extremely modern platform that excels at collecting and normalizing very high-quality data, which is essential for effective analytics and population health management. Together, we are well positioned to help providers succeed in this era of value-based care.”

With its national database of healthcare payment information, ZirMed gathers a massive amount of high quality, normalized data which is the foundation of population health management.  ZirMed’s suite of solutions for revenue cycle management, clinical communications, and financial analytics – combined with Intelligent Healthcare’s population health analytics solution – provides a comprehensive set of tools that will allow healthcare delivery organizations to thrive in the realm of value-based care. For example, tools like ZirMed’s new patient engagement platform and secure provider-to-provider messaging are essential to managing population health.

About Intelligent Healthcare
For more than 23 years, Intelligent Healthcare has been aggregating and analyzing actionable data from diverse sources and putting it into the hands of both physicians at point of care and health system/ACO administrators seeking to pinpoint the most significant opportunities for improving organization and physician performance. Intelligent Healthcare offers a growing portfolio of services that help our clients turn these insights into action such a physician scorecards on quality measures, patient engagement programs and identification of care coordination opportunities with high risk, chronically ill patients. Today, Intelligent Healthcare serves over 40 hospitals representing over 11,000 physicians with over five million patients including several of the leading clinical integrated health organizations. Apart from making ACO measures available, Intelligent Healthcare supports clients with management of other measure sets such as PQRS, HEDIS, Meaningful Use, Pay for Performance, HCCs, and STAR.

About ZirMed®
Founded in 1999, ZirMed is the nation’s premier health information connectivity and management solutions company, modernizing critical connections between providers, patients, and payers to improve the business and process of healthcare. ZirMed combines innovative software development with the industry’s most advanced transactional network and business analytics platform to give organizations a clearer view of their financial and operational performance. ZirMed’s industry-leading technology and client support have been recognized with awards from KLAS®, Healthcare Informatics, Best of SaaS Showplace (BoSS), and Black Book Rankings. Our nationwide network facilitates, manages, and analyzes billions of healthcare transactions, driving bottom-line performance with clinical communications, patient portal, analytics, eligibility, claims management, coding compliance, reimbursement management, and patient payment services—including credit card processing, online payments, statements, estimation, and payment plan management. For more information about
ZirMed, visit www.ZirMed.com.

May 21, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 14 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and Google Plus.