Health IT Business News – Tuesday, September 2, 2014

Health IT Business NewsToday’s Business News

Medicity, provider of integrated workflow solutions for network-enabled population health management, has been recognized as one of the “100 Most Promising Technology Companies in 2014” by CIOReview Magazine. The Medicity platform was selected based on its innovative approach to integrated data exchange and transformation of clinical, financial and operations strategies. The annual list, determined by a distinguished panel of CEOs, Chief Information Officers (CIO) and analytics, is developed to help support the work of a CIO by providing insight into the latest technologies in the sector.

AirStrip®, provider of mobile healthcare applications that drive clinical transformation, has raised $25 million in a strategic funding round led by the Gary and Mary West Health Investment Fund, Sequoia Capital and Wellcome Trust that includes some of the most influential leaders in healthcare. Hospitals are being overwhelmed by a flood of clinical data from multiple disparate sources, and their legacy IT systems are not equipped to manage the information and make it useful. AirStrip solves this challenge by integrating clinical data and making it accessible on mobile devices. Adoption of AirStrip’s interoperable mobility solutions are taking off, enabling clinicians and health care executives to provide better care, increase efficiency and reduce costs.The funding will support the continued growth of the patent-protected AirStrip ONE® mobile technology solutions, expansion into the home health space, internationalization efforts, and accelerated integration with industry-leading analytics engines.

CareCloud, provider of cloud-based practice management, electronic health records (EHR), and medical billing software and services, today announced it has been named to the 2014 Inc. 500, ranking 127th among America’s fastest growing companies. It is CareCloud’s debut on the annual list, highlighting revenue growth of more than 2,900 percent between 2010 and 2013. CareCloud also ranked in the top 20 for both health and Florida-based companies.

Kareo Inc., provider of cloud-based medical office software and services for small medical practices, announced today that Inc. magazine has named it one of the Top 5000 Fastest-Growing Private Companies in the country. Kareo, ranked #825 overall, was again identified as a top growth company securing a spot in the top quartile of all companies on the Inc. list. In the software category, Kareo was listed in the top 100, grew at triple the category pace, and was ranked fifth for companies located in California. This is Inc. Magazine’s eighth year measuring the nation’s fastest growing private companies.

Greenway Health announced the completion of the largest centralized pharmacy cloud-based electronic health record (EHR) system ever deployed, Walgreens Cloud EHR. Walgreens (NYSE: WAG) (NASDAQ: WAG) has completed its chain-wide rollout of the Greenway Health-powered EHR solution, giving pharmacy staff at all of its more than 8,200 locations a single, complete view of patients’ prescription, immunization and health testing records.The EHR platform further enables Walgreens pharmacists to identify opportunities to close gaps in care and to share patient information with other providers, helping to ensure continuity and care coordination.

Practice Fusion has announced the acquisition of Ringadoc, an innovator of next-generation patient-doctor communication tools. This acquisition gives Practice Fusion a springboard for entry into the telemedicine market, an industry expected to swell to $4.5 billion in 2018. Founded in Los Angeles in 2010, Ringadoc has attracted seed funding from FF Angel, Wavemaker Partners (formerly Siemer Ventures) and Telegraph Hill Capital. The company offers an automated, cloud-based answering service that allows doctors to instantly access and respond to after-hours messages via web browser, Android or Apple mobile application, for a starting price of $69 per provider. In addition, Ringadoc increases office efficiency by giving doctors the ability to triage patient calls, centralize communications and manage their patient population. Ringadoc’s service will integrate into Practice Fusion’s industry leading cloud-based EHR for healthcare professionals.

M*Modal, provider of clinical documentation and Speech Understanding™ solutions, announced that it has partnered with athenahealth’s More Disruption Please (MDP) program. M*Modal Fluency Direct™ and M*Modal Fluency Flex™ mobile solutions are now available on the athenahealth MDP Marketplace, and together the companies will work to link athenahealth’s growing network of more than 52,000 care providers with these solutions. M*Modal’s speech recognition and dictation products give physicians flexibility and convenience in creating and managing patient records. “M*Modal’s partnership with athenahealth brings tremendous value to healthcare providers looking to elevate the quality of clinical documentation and increase physician productivity,” said Matt Jenkins, SVP Marketing & Corporate Development of M*Modal. “Our solutions make capturing high-quality patient narratives and managing workflows simple and effective, giving physicians more time and better clinical data for delivering improved care.”

4medica, provider of a cloud clinical integration platform and portal solution, has created the only laboratory personal health record (PHR) solution licensed under the MyMedicalRecords HIT patent portfolio, owned by MMRGlobal, Inc. (OTCQB: MMRF). The 4medica solution is the first fully integrated personal health record solution for laboratories and other healthcare organizations that meet the requirements of the Department of Health and Human Services’ (HHS) amended Clinical Laboratory Improvement Act and final rules.

Jericho Systems Corporation, developer of content filtering and data security solutions, has announced the release of the EnterSpace Exchange 2.0, an advanced software suite for controlling the flow of healthcare data and protecting patient privacy. EnterSpace Exchange 2.0 makes automated, context-sensitive decisions based on configurable digital policies and rules.EnterSpace Exchange 2.0 helps healthcare organizations avoid HIPAA penalties, achieve meaningful use incentives under the HITECH Act, and enhance patient privacy.