The deal expands SAAS-based AdvancedMD's portfolio to include a SAAS-based electronic health records system. PracticeOne's product line also includes a patient portal that allows Web-based communications between patients and the practice, and mobile access to vital patient information and medical decisions via smartphones.
AdvancedMD Software announced the acquisition Jan. 6 of PracticeOne, a
privately held provider of electronic health records software to independent
physician practices of all major specialties.
The deal allows AdvancedMD, a SAAS (software-as-a-service) provider of
medical practice and revenue cycle management automation solutions, to expand
its portfolio to include a SAAS-based EHR.
Terms of the deal were not disclosed.
The acquired product line also includes a patient portal that allows Web-based
communications between patients and the practice, and mobile access to vital
patient information and medical decisions via smartphones. With headquarters in
Richland, Wash.,
and Canoga Park, Calif.,
PracticeOne, received CCHIT (Certification Commission for Healthcare
Information Technology) certification in 2008 for its EHR product, including
office-based use, ambulatory use, cardiovascular medicine and child health.
"The addition of PracticeOne's Web-based 2008 CCHIT-certified EHR will
position AdvancedMD for significant growth by enabling our clients to optimize
their practices and gain efficiencies from this integrated solution,"
AdvancedMD CEO Eric Morgan said in a
statement. "EHR adoption is expected to accelerate over the next several
years as physicians strive to improve patient care, seamlessly exchange
information with other care providers and recoup federal stimulus dollars
offered by The American Recovery and Reinvestment Act of 2009."
Ambulatory EHRs are designed for physician offices and clinics where most
Americans get their health care. To be CCHIT Certified, the Ambulatory EHR must
be capable of advanced electronic prescribing functions so physicians can
qualify for the Medicare incentive program. It must also be able to send and
receive an electronic patient summary.
By looking to products with the CCHIT Certified seal, physicians and other
providers can reduce their EHR selection risk, allowing them to focus their
evaluation time on the special needs of their practice.
AdvancedMD provides a SAAS medical practice management and billing platform
to 13,000 providers and 300 billing service providers nationwide.
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