Prognosis HIS Completes Acquisition of Creative Healthcare Systems

HOUSTON, Sept. 28, 2011 /PRNewswire/ -- Prognosis Health Information Systems today announced the completion of its acquisition of Creative Healthcare Systems.

The Springfield, Mo.-company offers MedGenix, a financial management and patient accounting system that includes 18 powerful revenue management modules and is currently being used by community hospitals, clinics, long-term care facilities and home health agencies across the United States. With this acquisition, Prognosis HIS now is offering a comprehensive solution that will help healthcare providers optimize both clinical care and financial operations. Financial terms of the deal have not been disclosed.

"The acquisition will enable healthcare providers to come to one source and get exactly what they need – innovative solutions that work together to both enhance care and improve the bottom-line, important goals for hospitals of all sizes in today's challenging environment," said Ramsey Evans, CEO of Prognosis HIS. "We collaborated closely with the MedGenix team at a client site, tightly coupling together our clinical and financial solutions.  It became obvious from this experience, how our value multiples for hospitals when we combine forces."

MedGenix functionality, which includes a "one patient, one record and one statement for all care received" capability, enables providers to offer an enhanced patient experience. With many other systems, patients are bombarded with a series of individual statements from each provider.  

Prognosis HIS successfully meets the needs of hospitals with ChartAccess® Comprehensive EHR. Built as a "disruptive innovation," the solution provides a platform that helps community hospitals overcome the cost, speed of implementation, and usability obstacles commonly cited as impediments to electronic records success. Intuitive and easy-to-use, the system offers built in analytics and health information exchange (HIE) capabilities, which can help hospitals provide consistent, high-quality patient care.

With this system, many hospitals have moved from project kick off to go-live in just 120 days, putting them on the fast track to "meaningful use" attestation. As a result, several hospitals have already leveraged the ONC-certified solution to qualify for incentive funds under the American Recovery and Reinvestment Act.

About Prognosis Health Information Systems
Prognosis Health Information Systems (PHIS), Houston, is committed to utilizing advanced 21st-Century technologies to help healthcare providers significantly improve the quality, safety and efficiency of patient care while also achieving better financial results. PHIS enables rural and community hospitals to utilize pure browser-based electronic health record (EHR) and financial systems designed to be fully operational in less than six months at a predictable, affordable cost. For more information, visit www.prognosisHIS.com. Follow us on Twitter (@PrognosisHIS).

SOURCE Prognosis Health Information Systems