Mergers & Acquisitions
After acquiring McKesson’s EHR business, Allscripts pledges to invest in integration, innovation and interoperability for better population health management.
The combination of Medsphere’s EHR and Stockell’s revenue cycle management in the cloud will be offered through a subscription service payment model.
Avizia, which is backed by NewYork-Presbyterian, Northwell Health and HealthQuest, said incorporating both companies’ technology will enable it to offer a customizable telehealth platform.
Having long been disappointed in the level of attention paid to that EHR, small hospital clients are hopeful Allscripts will make the investments necessary to improve it.
New company name and leadership structure not decided yet, but companies say deal gives new entity broader penetration.
As it works to shore up its client base, Allscripts will have to differentiate itself from Epic and Cerner by showing lower total cost of ownership and a commitment open data sharing.
Health systems say they are entering negotiations to combine clinical, medical education and research units.
Board of Directors unanimously approved the deal, has recommended that Company's stockholders agree to it.
The revenue cycle and analytics companies plan to leverage the deal to broaden their reach, with more offerings for federally qualified health centers, hospital-owned physician practices and others.
According to Senosi's now-inactive website, the company has created three health apps using a smartphone's built in sensors to monitor different health biomarkers.