ZirMed Acquires Intelligent Healthcare Acquisition of Cloud-based Population Health Management Analytics Company Expands ZirMed's Ability to Support Value-Based Reimbursement Models
LOUISVILLE, Ky., May 21, 2014 /PRNewswire/ -- ZirMed®, a leading health information connectivity and management solutions company, today announced that it has acquired California-based Intelligent Healthcare, a data-driven clinical integration and population health management company. ZirMed will immediately begin integrating Intelligent Healthcare's population health management analytics platform into its technology suite.
"We've always been focused on improving our clients' bottom line by helping them improve operational efficiencies and get reimbursed more quickly for the services they provide," said Tom Butts, CEO of ZirMed. "Today, provider organizations need tools to support traditional fee-for-service models and prepare for fee-for-value models of care as quality and reimbursement are increasingly linked. The ability to provide both financial and clinical integration in this environment is a natural extension of our core business. Our goal has always been to help providers operate as efficiently and profitably as possible so that they can focus on their primary job—treating patients and providing quality care. The acquisition of Intelligent Healthcare will further solidify our ability to provide end-to-end revenue cycle solutions for the entire healthcare marketplace."
Intelligent Healthcare's population health management solution aggregates clinical and financial data from a variety of disparate healthcare information systems to deliver real-time quality tracking, gaps in care and population health management solutions for value-based reimbursement programs. Intelligent Healthcare's highly scalable solution stratifies at-risk patients, provides deep cost and utilization analysis, and supports provider organizations as they work to meet and exceed goals for public and private P4P, Medicare Shared Savings Programs, Commercial Accountable Care Organizations (ACOs), PQRS/HEDIS scores, Patient Centered Medical Home (PCMH) models, and other value-based care programs.
"Intelligent Healthcare has built a reputation as a trusted partner for managing value-based programs. We've been dedicated to taking population health in a new direction by aggregating information from multiple data silos and focusing on the entire patient population," said Paul Katz, CEO and Founder of Intelligent Healthcare. "ZirMed was a very natural fit for our organization—they have an extremely modern platform that excels at collecting and normalizing very high-quality data, which is essential for effective analytics and population health management. Together, we are well positioned to help providers succeed in this era of value-based care."
With its national database of healthcare payment information, ZirMed gathers a massive amount of high quality, normalized data which is the foundation of population health management. ZirMed's suite of solutions for revenue cycle management, clinical communications, and financial analytics – combined with Intelligent Healthcare's population health analytics solution – provides a comprehensive set of tools that will allow healthcare delivery organizations to thrive in the realm of value-based care. For example, tools like ZirMed's new patient engagement platform and secure provider-to-provider messaging are essential to managing population health.
About Intelligent Healthcare
For more than 23 years, Intelligent Healthcare has been aggregating and analyzing actionable data from diverse sources and putting it into the hands of both physicians at point of care and health system/ACO administrators seeking to pinpoint the most significant opportunities for improving organization and physician performance. Intelligent Healthcare offers a growing portfolio of services that help our clients turn these insights into action such a physician scorecards on quality measures, patient engagement programs and identification of care coordination opportunities with high risk, chronically ill patients. Today, Intelligent Healthcare serves over 40 hospitals representing over 11,000 physicians with over five million patients including several of the leading clinical integrated health organizations. Apart from making ACO measures available, Intelligent Healthcare supports clients with management of other measure sets such as PQRS, HEDIS, Meaningful Use, Pay for Performance, HCCs, and STAR.
Founded in 1999, ZirMed is the nation's premier health information connectivity and management solutions company, modernizing critical connections between providers, patients, and payers to improve the business and process of healthcare. ZirMed combines innovative software development with the industry's most advanced transactional network and business analytics platform to give organizations a clearer view of their financial and operational performance. ZirMed's industry-leading technology and client support have been recognized with awards from KLAS®, Healthcare Informatics, Best of SaaS Showplace (BoSS), and Black Book Rankings. Our nationwide network facilitates, manages, and analyzes billions of healthcare transactions, driving bottom-line performance with clinical communications, patient portal, analytics, eligibility, claims management, coding compliance, reimbursement management, and patient payment services—including credit card processing, online payments, statements, estimation, and payment plan management. For more information about ZirMed, visit www.ZirMed.com.
Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company's current expectations, estimates and projections about its industry, its business, beliefs and assumptions. Words such as 'anticipates,' 'believes,' 'expects,' 'intends,' 'plans,' 'seeks,' 'estimates,' 'will,' and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond the Company's control, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in this statement. The Company cautions not to place undue reliance on these forward-looking statements, which reflect the view of the Company only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.
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