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AccessOne and HealthFirst Financial Join to Create Industry Leader

Combination creates the clear growth and innovation leader in the evolving patient financing space, with a strong presence on both U.S. coasts, unmatched experience and access to growth capital 

CHARLOTTE, N.C. – January 11, 2018 – AccessOne, a leading provider of patient financing options designed to help patients manage their healthcare costs, has announced its agreement to acquire HealthFirst Financial, a leading software-enabled service provider of patient financing programs to healthcare organizations. The transaction fuels AccessOne’s rapid nationwide expansion to support all patients with consumer-driven financing tools while simultaneously driving compelling economics for providers. 

“HealthFirst’s focus on highly tailored solutions for healthcare systems complements AccessOne’s commitment to offering flexible financing options for all patients, regardless of circumstance,” said Mark Spinner, chief executive officer of AccessOne.“This combined offering accelerates our mission toward helping every patient lead their healthiest life through affordable access to needed care.”

In a recent survey by HealthFirst, 53 percent of U.S. adults said they were concerned about how to pay a medical bill of less than $1,000. Worse, 68 percent of U.S. adults with a medical bill of $500 or less did not pay off the full balance during 2016, according to a June 2017 TransUnion report. The growing affordability gap continues to drive declining collection rates for providers and even a loss of patient retention. With the acquisition, AccessOne will now offer health systems the most innovative, tailored solutions on the market for their unique care settings, helping to lower bad debt and improve patient satisfaction scores. 

“As a market leader in consumer finance technology and innovation, HealthFirst is uniquely positioned to provide financing flexibility resulting in high patient satisfaction—a perfect fit with AccessOne’s vision,” said KaLynn Gates, president and corporate counsel at HealthFirst. “The team at HealthFirst is excited to be a part of this next chapter of innovation and accelerated growth as originally envisioned by HealthFirst’s founder Joseph Hawes.”   

AccessOne is backed by Capital One Bank, a top-10 U.S. bank with over $350 billion in assets, and by Frontier Capital, a Charlotte-based growth equity firm that has raised $1.5 billion since 1999 to invest exclusively in software and technology-enabled business services companies.

“AccessOne has experienced significant growth with 26 new hospitals and one nationwide specialty physician practice added this year,” said Andrew Lindner, managing partner at Frontier Capital. “With proprietary predictive analytics and software systems coupled with its patient-first advocate teams on both coasts, AccessOne is very well positioned to expand as a preferred partner to the large health system market.”

Terms of the acquisition will not be disclosed. HealthFirst was advised by Marion Financial Corp. and Armstrong Teasdale LLP, while AccessOne was advised by Womble Bond Dickinson LLP.   

Learn more about AccessOne’s comprehensive and flexible solutions for providers and patients at www.accessonemedcard.com

About AccessOne
Founded in 2002, AccessOne is a leading provider of patient financing options designed to help patient consumers manage their healthcare costs while driving best in class hospital reimbursement. AccessOne offers comprehensive low and no interest payment options for all patient balance types including high-deductible, catastrophic and financial assistance. No patient is ever denied credit or credit reported, and providers can rely on AccessOne to capture more revenue while driving compliance and financial performance. To learn more, visit www.accessonemedcard.com and connect with us onLinkedIn.

About HealthFirst Financial

Founded in 2001, HealthFirst Financial is a national patient financing leader that has helped hundreds of thousands of patients afford care while improving the financial performance of healthcare organizations. HealthFirst Financial is the first and only company awarded the prestigious Peer Review Designation from the Healthcare Financial Management Association for its patient financing programs following a rigorous evaluation of the overall effectiveness, quality and value of its payment solutions. Born out of Hawes Group, HealthFirst Financial was part of a full range of professional service companies including Professional Credit Service, Hawes Technologies, and HeRO Business Services.

January 11, 2018 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 5 blogs containing over 11,000 articles with John having written over 5500 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 18 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.

Allscripts to acquire Practice Fusion business

CHICAGO, Jan. 08, 2018 (GLOBE NEWSWIRE) — Allscripts (NASDAQ:MDRX), a global leader in healthcare technology, today announced a definitive agreement to acquire Practice Fusion, for $100 million in cash, subject to adjustment for working capital and net debt.

Practice Fusion is a Silicon Valley pioneer in partnering with top-tier life sciences organizations to drive innovation. In combination with Allscripts existing payer and life sciences business, Allscripts expects to expand its big data insights and analytics, data sharing technologies, and clinical trial solutions to enable life sciences organizations to accelerate bringing life-changing therapies to market. Practice Fusion offers an affordable certified cloud-based EHR for traditionally hard-to-reach small, independent physician practices. Privately held Practice Fusion, founded in 2005 and based in San Francisco, supports 30,000 ambulatory practices and 5 million patient visits a month.

This strategic acquisition is expected to further advance Allscripts’ strategy to offer the most comprehensive, high performing health information technology and solutions. Practice Fusion’s EHR will complement and round out Allscripts existing ambulatory clinical portfolio, providing a value offering and “last mile” reach to the under-served clinicians in small and individual practices.

“By adding Practice Fusion offerings to our portfolio, Allscripts will be further positioned for continued growth and long-term leadership in healthcare,” said Allscripts President Rick Poulton. “Combined with Practice Fusion, we expect Allscripts to continue to drive innovation in addressing gaps-in-care, improving clinical outcomes and real-world-evidence research. Plus, Practice Fusion’s affordable EHR technology supports traditionally hard-to-reach independent physician practices, and its cloud-based infrastructure aligns with Allscripts forward vision for solution delivery.”

Poulton continued, “We believe this transaction will directly benefit Practice Fusion clients, who will now have access to Allscripts solutions and services. We look forward to welcoming Practice Fusion team members to our family. Allscripts highest priority remains to successfully meet healthcare providers’ highly complex needs as we enable them to lead the change to smarter care.”

Transaction Summary

This transaction is targeted to close in the first quarter of calendar 2018, subject to the satisfaction of customary closing conditions, including the expiration or termination of the waiting period under U.S. antitrust laws.

Allscripts intends to fund the purchase price through its existing secured credit facilities and cash balances.

Additional details of the acquisition are available in a Form 8-K to be filed by Allscripts with the Securities and Exchange Commission.

About Allscripts

Allscripts (NASDAQ:MDRX) is a leader in healthcare information technology solutions that advance clinical, financial and operational results. Our innovative solutions connect people, places and data across an Open, Connected Community of Health™. Connectivity empowers caregivers to make better decisions and deliver better care for healthier populations. To learn more, visit www.allscripts.comTwitterYouTube and It Takes A Community: The Allscripts Blog.

January 8, 2018 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 5 blogs containing over 11,000 articles with John having written over 5500 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 18 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.

Avizia Acquires Carena

Leading provider of system-wide telehealth platform now offers robust services; 
serves more than 1,300 US hospitals
 
Reston, Va. — OCTOBER 10, 2017 — Avizia, powering system-wide telehealth, today announced it has acquired Carena, a Seattle-based leading virtual care provider. The acquisition of Carena reinforces Avizia’s position as the largest and most comprehensive telehealth solutions partner for health systems nationwide. 
 
Avizia partners with providers to deploy and power system-wide telehealth strategies. With the acquisition of Carena, Avizia now offers a comprehensive and customizable telehealth platform which includes software, mobile applications, virtual care devices and a provider network. Founded in 2000, Carena designs and operates virtual clinics for health systems and provides access to care for more than 35 million consumers. As part of Avizia, Carena’s services offer health systems a customizable approach to virtual care delivery. 
 
“This acquisition combines two of the nation’s leading virtual care platforms,” says Mike Baird, CEO of Avizia. “With Carena’s select provider network, Avizia empowers hospitals with the most comprehensive, customizable and trusted telehealth solution available.”     
 
Avizia is backed by leading healthcare organizations like HealthQuest, Northwell Health and NewYork-Presbyterian, and has raised $20 million in funding since its founding in 2013. The company now powers telehealth programs at more than 25 percent of the nation’s hospitals. 
 
“The Carena team is proud to become a part of the Avizia telehealth platform, which is trusted by four out of the top five IDNs and connects the nation’s leading neurology, psychiatric and pediatric programs,” says Ralph Derrickson, president and CEO of Carena. He adds that, “our combined company partners with some of the most prestigious healthcare organizations in the country, including Catholic Health Initiatives, NewYork-Presbyterian, Northwell Health, Dignity Health and the Medical University of South Carolina.” 
 
Derrickson will transition into a leadership role with Avizia as senior vice president of corporate development. Avizia’s corporate headquarters will remain in Reston, Virginia. Carena’s Seattle-based office will be a strong part of Avizia’s nationwide recruitment and growth strategy. 
 
Avizia is a privately-held company and terms of the acquisition will not be disclosed. 
 
Learn more about Avizia’s approach to powering system-wide telehealth at www.avizia.com.
 
ABOUT AVIZIA 
Avizia partners with providers to deploy and power system-wide telehealth. To do this, Avizia combines a collaborative approach with a market-leading telehealth solutions suite that scales across the continuum of care. Trusted by four of the top five IDNs in the nation and 25 percent of US hospitals, Avizia empowers providers to deliver unparalleled access and clinical excellence to patients. Visit www.avizia.com.  
 
ABOUT CARENA
Carena designs and operates virtual clinics for health systems. Carena combines technology and new care delivery methods to provide healthcare for the way consumers live and work today. The company has offered on-demand care since 2000, informing its telemedicine solution with industry-leading expertise in clinical quality and consumer preferences. Today, Carena’s virtual care model and configurable technology platform make it possible for health systems to offer care to consumers anytime, anywhere as a natural extension of each system’s brand, mission, and service. Carena partners with more than 120 hospitals, offering virtual care access to over 35 million consumers.

October 11, 2017 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 5 blogs containing over 11,000 articles with John having written over 5500 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 18 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.

MEDECISION ACQUIRES AXISPOINT HEALTH’S PLATFORM BUSINESS

Medecision supports platform clients through transition to Aerial

DALLAS, TX and DENVER, CO – October 3, 2017—Medecision, a category leader in population health management solutions for risk-bearing entities, announced today the acquisition of over 50 clients from AxisPoint Health. In this transaction, Medecision acquired the clients that currently use CCMS and VITAL, recently rebranded as AXIS. AxisPoint Health’s services businesses, including CarePoint, GuidePoint, and Analytix, are not included in this transaction and remain under management by AxisPoint Health.

This acquisition makes Medecision the largest independent provider of care management platforms and applications in the United States, now supporting over 50 million lives for nearly 100 of the nation’s leading health plans and care delivery organizations. AxisPoint Health’s platform clients join Medecision’s community of national and regional brands and population health pioneers, expanding the Company’s footprint and strengthening its presence in markets where risk-sharing arrangements and value-based contracting require insights-actionable workflow throughout the care ecosystem, all the way to consumers and their caregivers. Medecision currently serves health plans and care delivery organizations that manage population risk.

“We are committed to providing our new clients with a great customer experience on their current platform as well as a path to the benefits that Aerial clients enjoy–advanced functionality and value, a strong product roadmap, improved access to innovation and world-class data and security services,” said Deborah M. Gage, CEO and President at Medecision. “These software customers can now rapidly modernize their care management programs by migrating to the more fully featured and advanced Aerial platform and applications, proven to lower the total cost of operations and improve their ability to manage risk and care,” Gage continued.  “We are excited to welcome a team of talented and dedicated employees into our community of hundreds of healthcare liberators.”

“I am thrilled that our platform clients now have a partner like Medecision,” said Christopher A. Long, President of AxisPoint Health. “Since the CCMS platform retirement announcement, many customers have asked about the critical enhancements and new functionality required for their programs. The demands of risk-bearing operations are only outpaced by the technological advancements critical to sustainability and security. Through their next-generation ecosystem, I believe Medecision offers our platform clients the best opportunity for today and going forward.”

Financial terms of the transaction were not disclosed.

Aerial: A Premium Platform for Population Health Management

For almost a decade, Medecision has consistently invested in Aerial, strengthening its big data aggregation and insights management capabilities, increasing engagement throughout the care team, ensuring compliance with multiple programs and jurisdictional entities and helping users manage to quality and financial performance targets. Aerial operates in a big-data-platform-plus-apps mode, supported by the layering of a portfolio of workflow and engagement applications over robust services that push bi-directional, machine-learning-enriched intelligence to clinical and consumer users.

Aerial has become the standard bearer for population health management support across the payer and provider markets, and is recognized by several industry analysts. Medecision’s clients, which operate successful population health and care management programs nationally, rely on Aerial to succeed in multiple lines of business, with diverse populations and within various payment models and risk-sharing agreements.

Aerial’s Suite of Applications & Flexible Packaging Solve Pop Health’s Multidimensional Needs

In the past 18 months, Medecision has launched multiple platform assets and applications that complement our core products including Care, Utilization, and Disease Management, Network Management and Care Coordination. The latest releases include:

  • Insights™
    • Supporting all Aerial applications with powerful intelligence and analytics, Aerial’s big data platform and enterprise data warehouse provides the longitudinal, person-centric knowledge base required for personalized care and population health management as well as the insights on behavioral, physical and clinical dimensions that drive targeted workflow for optimal interventions, care plans and engagement.
  • Population Analytics
    • Predicts risk and directs interventions to avoid costly occurrences through analytics, risk models, visualizations and reporting.
  • Health Summary™
    • The most powerful, complete and actionable personal health record available. The Aerial Health Summary empowers members, and their care teams with a single comprehensive view of the patient’s medical care plan, risks, gaps and an up to the minute care view.
  • Financial Performance Dashboards
    • Provides actionable intelligence to make rapid and critical decisions in utilization, prescribing and dispensing and population stratification.
  • Risk Score Manager™
    • Enables providers to identify and close gaps critical to care and reimbursement, putting the management of HCC scoring, Star Ratings, HEDIS, P4P or other reimbursement programs in the clinicians’ hands.
  • Appeals and Grievances™
    • A leading solution to manage the complex workflows and tasks to optimize revenues, lower labor costs and comply with regulations related to the handling of appeals and grievances.
  • Bundled Episode Manager™
    • Supports more productive and efficient care coordination and revenue generation around specific clinical episodes of care, helping care navigators focus on risk identification, intervention and coordination across multiple settings.
  • InCircle™
    • A social-mobile app that allows consumers to share their health status and care plan with their care community to improve consumer engagement and involve care-givers in virtual information sharing, thereby reducing the cost of care and improving clinical outcomes.

Medecision will also launch two new applications in its Fall 2017 release, including:

  • Care Engagement™
    • Improves engagement for optimal clinical outcomes and lowers care management costs through streamlined workflow that is accessible on mobile devices and can be used in “tethered” and “un-tethered” modes.
  • UM Connector™
    • Helps manage financial risk and Increases operational efficiencies by “webifying” and automating workflows, including monitoring, auditing, and oversight of Utilization and Network operations, while assisting with CMS and other compliance and regulatory requirements.

October 3, 2017 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 5 blogs containing over 11,000 articles with John having written over 5500 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 18 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.

DocuTAP Announces Acquisition of Clockwise.MD

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

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

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

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

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

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

April 27, 2017 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 5 blogs containing over 11,000 articles with John having written over 5500 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 18 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

Siemens Healthineers Supports Population Health Management with Planned Acquisition of Medicalis

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

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

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

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

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

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

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

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

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

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

 

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

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

April 19, 2017 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 5 blogs containing over 11,000 articles with John having written over 5500 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 18 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.

The HCI Group to Expand Its Technology Offerings

The HCI Group plans to merge with a subsidiary of Tech Mahindra, One of the World’s Leading Technology Firms, to expand its capabilities and service offerings for healthcare providers and create a leading healthcare information technology consulting business.

JACKSONVILLE, FL – March 6, 2017 –The CJS Solutions Group LLC, doing business as ‘The HCI Group’, a global leader in healthcare information technology consulting, announced today its plan to merge with a subsidiary of Tech Mahindra. The combination will be solely focused on driving innovation and digital transformation for healthcare providers.

This planned transaction is strategically designed to bring together Tech Mahindra’s proven ability at driving innovation and digital transformation with The HCI Group’s position as a global leader in healthcare technology consulting to improve the healthcare industry.

“I truly believe that Tech Mahindra is the right partner for us to improve our industry through a combination of disruptive innovation and cost reduction. What better way to support our customers than by joining with the global leader in digitalization and connected technologies…” said Ricky Caplin, CEO, The HCI Group.

The HCI Group will continue to operate as an independent business unit of Tech Mahindra, complementing its deep, proven healthcare domain capabilities with Tech Mahindra’s breadth of technical expertise and innovation labs. Together the two organizations will be positioned to offer new innovative and end-to-end integrated solutions to customers including:

  • Infrastructure Management Services.
  • Process Automation and Outsourcing.
  • Enterprise Business Services that support Business Intelligence and Performance Management.
  • Technical Innovation in support of Clinical Transformation.

Caplin added that “the healthcare industry in itself needs a ‘shot’ of innovation.  We believe that supporting interoperability, leveraging data analytics, building on developments in IoT (Internet of Things) and harnessing the power of machine learning are key to accomplishing true transformation.”

The HCI Group’s financial advisor for the transaction is Allen & Company LLC, with Nelson Mullins Riley & Scarborough LLP serving as its legal counsel.

 

About The HCI Group

The HCI Group is a global leader in healthcare IT consulting with headquarters in Jacksonville, Florida and international headquarters in the United Kingdom. It offers a broad scope of healthcare IT solutions in more than 10 countries in North America, Europe, Middle East and Asia Pacific.

The HCI Group’s services include enterprise-wide advisory services, with a focus on IT system implementation and training, as well as specialty service lines in integration, testing, go-live, clinical adoption, optimization, HIMSS EMRAM consulting and cyber security. Learn more about the HCI Group by visiting www.thehcigroup.com

About Tech Mahindra

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. Tech Mahindra are a USD 4.2 billion company with 117,000+ professionals across 90 countries, helping over 837 global customers including Fortune 500 companies. Tech Mahindra’s convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is amongst the Fab 50 companies in Asia (Forbes 2016 list).

Tech Mahindra are part of the USD 17.8 billion Mahindra Group that employs more than 200,000 people in over 100 countries. The Group operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after-market, information technology and vacation ownership. Learn more at www.techmahindra.com

March 6, 2017 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 5 blogs containing over 11,000 articles with John having written over 5500 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 18 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.

COVERMYMEDS SIGNS DEFINITIVE AGREEMENT TO BE ACQUIRED BY MCKESSON

Today we announced that CoverMyMeds has signed a definitive agreement to be acquired by McKesson Corporation, subject to customary closing conditions. Our plan with McKesson is one of the most important steps we’ve ever taken to maximize the impact we have on our mission and to be the best place to work in Ohio.

McKesson, which ranks 5th on the FORTUNE 500, is a healthcare services and information technology company dedicated to making the business of healthcare run better. McKesson partners with payers, hospitals, physician offices, pharmacies, pharmaceutical companies and others across the spectrum of care to improve their financial, operational, and clinical performance.

We started CoverMyMeds in 2008 with a mission to help patients get the medication they need to live healthy lives. Today, our products streamline the prior authorization (PA) process for 47,000 pharmacies, 700,000 prescribers and the nation’s largest pharmacy benefit managers (PBMs) and payers.

Our mission is highly aligned with McKesson’s mission for better healthcare for all, and we have partnered with Mckesson’s RelayHealth Pharmacy since 2010. Once the transaction closes and we become part of McKesson, we are excited to build on our long-term partnership so that the combined capabilities of both companies are used to bring even more innovative solutions to pharmacies, providers, payers, manufacturers, and patients.

Following the close of the transaction, CoverMyMeds will operate as an independent business unit under its existing leadership team. Co-founders Matt Scantland and Sam Rajan have made a long-term commitment to the company, with Matt continuing to serve as CEO of the company, and Sam continuing his leadership in sales. CoverMyMeds remains committed to Columbus and Cleveland, and we look forward to continuing to grow in Ohio.

Until the close of the transaction, McKesson and CoverMyMeds are separate, independent entities.

We’re excited for the future and our ability, now more than ever, to help patients get the medication they need to be well and for CoverMyMeds to be the best place to work in Ohio.

January 25, 2017 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 5 blogs containing over 11,000 articles with John having written over 5500 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 18 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.

Aprima Medical Software Acquires EHR Reseller Healthcare Data Solutions

Aprima to provide ongoing support to HDS’s 300 provider clients across U.S.

Dallas, TX (January 18, 2017) – Aprima Medical Software, a leading provider of innovative electronic health records (EHR), practice management (PM) and revenue cycle management (RCM) solutions for medical practices, today announced the acquisition of a former reseller Healthcare Data Solutions (HDS) of Coral Cables, FL. As part of the agreement, Aprima will assume full support for HDS’s customers, which include approximately 300 providers in 125 medical practices across 15 states. Financial terms were not disclosed.

HDS works with physician groups across the country to identify IT solutions that best fit their needs and to implement and support their ongoing system needs.

“We have worked closely with the HDS team since adding them to our reseller program in 2012,” said Aprima CEO and president Michael Nissenbaum. “When we first learned that HDS founder Rodney Barreto was interested in pursuing other business opportunities, we saw it as an excellent opportunity to expand our direct client base, while also continuing HDS’s longtime tradition of delivering excellent customer support and service.”

Aprima previously acquired RCM services provider Health Care Strategies in 2011. Since acquiring Health Care Strategies, Aprima has grown its RCM client base threefold and quadrupled the dollars under management. As a whole over the same period, Aprima has experienced annual double-digit growth in revenue and EBITDA and maintained a 98 percent customer retention rate.

“We regularly explore opportunities that we believe will provide our customers with complementary products or services, or align with our long-term strategy of building revenues and helping physicians achieve their financial and care delivery goals,” said Nissenbaum. “The acquisition of HDS certainly fits into the second category and we look forward to working with HDS as we transition their customers to the Aprima support team.”

“We’ve had a great working relationship with Aprima over the last few years and have observed their strong commitment to addressing customer needs, and have benefited from the solid support they provide their resellers,” said Rodney Barreto, managing partner at HDS. “I am confident that our customers will be extremely pleased with the quality support and service that the Aprima team will provide.”

About Aprima Medical Software, Inc.

Aprima provides innovative electronic health record, practice management and revenue cycle management solutions for medical practices. Throughout the company’s 18-year history, Aprima has delivered quality solutions that have helped thousands of users enhance patient care and satisfaction, as well as improve their practices’ bottom lines. The Aprima EHR/PM sets the benchmark for ease-of-use, speed, and flexibility, thanks to its single database and customizable design that adapts automatically to individual physician workflows. The Aprima solution has earned Certification for Meaningful Use Stage 2 and been awarded pre-validation status for NCQA PCMH recognition. The company is based in Richardson, Texas and performs all development, support and implementation from within the U.S. To learn more about how Aprima can help your practice, please visit www.aprima.com, call us at 844 4APRIMA or email us at info@aprima.com.

About Healthcare Data Solutions

Healthcare Data Solutions is a Miami, FL-based Gold Certified Aprima reseller. HDS empowers physicians to practice medicine in the 21st century. HDS offers a full suite of Health IT services and solutions that enable providers to select solutions that best fit the needs of their practice.

January 18, 2017 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 5 blogs containing over 11,000 articles with John having written over 5500 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 18 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.

Kaufman Hall Announces Acquisition of KREG Information Systems

Contract Modeling Capabilities Extend Leadership, Expertise, and Software Tools, Enabling Healthcare Providers to Optimize Financial Performance

SKOKIE, Ill. January 5, 2017Kaufman Hall, a leading provider of management consulting services and enterprise performance management software, today announced the acquisition of KREG Information Systems(KREG), a leading provider of contract management, budgeting, and decision support software for healthcare providers.

With the acquisition of KREG, Kaufman Hall extends its industry leading performance management and decision support capabilities with contract modeling and analytics that enable health systems to more effectively and intelligently transition from traditional fee-for-service to fee-for-value reimbursement models. These tools help organizations to better predict and manage reimbursement and leverage a data-driven approach for improved payer negotiations. With KREG software, organizations can estimate net revenue by patient and better manage contracts, claims, and payments across the organization.

“We are excited to welcome KREG into the Kaufman Hall family, adding extensive industry expertise and new software capabilities that will significantly benefit our clients,” said Tom Walsh, CEO of Kaufman Hall Software. “In today’s healthcare environment, analyzing the impact on net patient revenues of changing reimbursement rules and contract models is integral to both short- and long-term financial planning. KREG’s steadfast commitment to client satisfaction for more than three decades is well aligned with the Kaufman Hall culture of customer excellence.”

Sophisticated contract modeling and claims analytics enables organizations to simulate managed care contracts, estimate third-party contractual allowances, analyze denials, and provide dashboard reporting for improved decision making. Additionally, it empowers staff to negotiate better contracts and ensure payment compliance with payers.

“Leveraging the contract modeling and simulation capabilities provided by KREG, we are able to better predict our reimbursements with the highest degree of confidence and negotiate with payers accordingly,” said Tom Miller, executive director of payer relations at Yale New Haven Health. “The ROI on the technology has been tremendous.”

With the addition of KREG, Kaufman Hall expands its robust enterprise performance management and integrated decision support system, which now includes advanced cost accounting, clinical benchmarking, and revenue cycle management capabilities to drive informed, accurate decisions that impact profitability and patient outcomes across service lines, organizations and the care continuum.

“We are proud to be joining Kaufman Hall, a firm with a long track record of helping healthcare executives develop and execute strategies that optimize financial performance,” said Stephen Kreter, executive vice president and co-founder of KREG Information Systems. “Both Kaufman Hall and KREG have a shared commitment to helping clients improve performance and achieve their goals. Our team is excited about the opportunity to leverage our combined expertise and modern technology to provide best-in-class solutions and service for our customers.”

The addition of KREG is Kaufman Hall’s second strategic software acquisition in 2016. The company acquired Total Benchmark Solution in February, adding data and analytics capabilities that enable hospitals and health systems to reduce clinical variation and improve patient outcomes.

KREG founders Greg Ferguson and Stephen Kreter will continue in leadership roles within Kaufman Hall and the KREG team will continue to operate business as usual in supporting customers and ongoing operations.

About Kaufman Hall

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

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

Kaufman Hall software includes the Axiom Healthcare Suite, providing sophisticated, flexible performance management solutions that empower finance professionals to analyze results, model the future, and optimize organizational decision making. Solutions for long-range planning, budgeting and forecasting, performance reporting, capital planning, and cost accounting deliver decision support, reporting, and analytics within an integrated software platform. Kaufman Hall’s PEAK Software empowers healthcare organizations with clinical benchmarks, data, and analytics to provide a higher quality of care for optimized performance and improved patient outcomes.

January 5, 2017 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 5 blogs containing over 11,000 articles with John having written over 5500 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 18 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.