Healthcare It News - February 2008 - (Page 68)

68 Healthcare IT News ■ February 2008 vENdoRS billing and a fundamental dis“Francisco partners invests in scheduling soluconnect in technoltions as well as ogy,” he said. “Also, companies that are AdvanceEMR, physicians want to RIght WhERE WE’RE at NoW.” a flexible elecwork more closely – Michele Hilton tronic medical with hospitals, but records manat the same time agement system. Lane Peterson, the compa- they don’t want to give up control.” ny’s vice president of marketing, says many By aligning with Francisco Partners, hospitals and healthcare networks want to Peterson said, the company will have more work more closely with outlying physicians, capital on hand to develop new products but can’t quite match up their IT capabilities and expand its customer base. It will also, with what a small doctor’s office might have. he said, have access to more IT resources, “Hospitals are looking for ways to work giving the company a chance to bolster its more intimately with physicians, but there’s offerings. www.HealthcareITNews.com John Trzeciak, a healthcare adviser to Francisco Partners, will take over for Jim Pack as CEO. A 20-year veteran of the healthcare IT field, Trzeciak co-founded Health Systems International, Inc., which helped develop and maintain the Diagnoses Related Groups (DRGs) for Medicare and which has since been acquired by 3M. More recently he served as interim CEO for LYNX Medical Systems and Dairyland Healthcare Solutions. According to Peterson, AdvancedMD began looking at potential suitors as much as a year ago, as it became clear that they’d need more capital than they could provide on their own. He said the company was approached by 15 or 20 companies before a deal with Francisco Partners was reached. “Excellent value in products and services tailored specifically to the needs of the physician revenue management market has resulted in a solid track record of growth,” said Ezra Perlman, a partner at Francisco Partners. “We intend to leverage this success with additional resources so that AdvancedMD can accelerate its growth and solidify its leadership position.” AdvancedMD boasts about 8,000 clients. Last fall, the company announced it was expanding its marketing efforts to management service organizations (MSOs), independent physician associations (IPAs) and physician hospital organizations (PHOs). Francisco Partners has invested more than $3 billion in equity capital over 50 technology companies, and currently has $5 billion of capital under management. ■ More at HealthcareITNews.com e Connect: aDVaNceD 0208 advaNCEd Continued from page 65 Francisco-based private equity firm, has purchased Salt Lake City-based AdvancedMD. The deal promises to boost the visibility and availability of AdvancedMD’s products in the ever-competitive EMR and practice management field. “Francisco Partners invests in companies that are right where we’re at now,” said Michele Hilton, AdvancedMD’s CFO. “This is a prefect fit for us.” AdvancedMD, which was formed in 2002 and boasts 150 employees, offers physicians Brainteaser No. 12 SOLUTIO N SOLUTIO N TIME ● TElEHEalTH Continued from page 66 preventative anticipatory care in Scotland, such as sustainable and safe local medical services, care in communities rather than in hospitals and improved standards and healthcare efficiency. If standards for patient and caregiver satisfaction are met upon completion of the trial, HealthPresence may be tested in additional settings in Scotland and worldwide. “By using the network as a platform, cisco has a key role to play in the delivery of SaFE, aFFoRdaBlE aNd accESSIBlE hEalthcaRE.” – Nick Augustinos Measure TIME TO SOLUTION in weeks, not years. Carefx provides Fusion, an open and scalable patient information aggregation platform that transforms data in disparate applications into real-time, context-sensitive, clinically relevant views of information. For clinicians, Fusion provides a comprehensive summarization of data that parallels their care processes. For IT, Fusion leverages legacy investments within an open architecture and improves user adoption and satisfaction. Take some time to visit the us at HIMSS Booth #2677 to receive your free “Brainteaser” T-shirt, register for daily drawings, and view live customer presentations. Visit the new www.carefx.com to access the white paper: “IT’s the Best Kept Secret: Using Advanced Technology to Recruit & Retain Physicians in a Competitive Marketplace” www.carefx.com 480-833-5010 e ● Connect: carefx 0208 Solution: Time to solution. Gordon Peterkin, director of The Scottish Centre for Telehealth, said, “Solutions such as Cisco HealthPresence enable us to offer convenience for patients and service delivery efficiency for our doctors. We look forward to drawing upon the results from this pilot to optimise our regional and national healthcare delivery resources.” “By using the network as a platform, Cisco has a key role to play in the delivery of safe, affordable and accessible healthcare,” said Nick Augustinos, Global Healthcare Solutions director for the Cisco Internet Business Solutions Group. “Joining forces with NHS and SCT has enabled us, together, to consider bringing healthcare services to remote and rural areas where recruitment and retention of doctors and nurses is proving increasingly difficult.” ■ More at HealthcareITNews.com e Connect: teleHealtH 0208 ● http://www.HealthcareITNews.com http://www.HealthcareITNews.com http://www.healthcareitnews.com/story.cms?id=8643 http://www.carefx.com http://www.carefx.com http://www.HealthcareITNews.com http://www.healthcareitnews.com/story.cms?id=8647 http://www.healthcareitnews.com/eConnect.cms?id=8719

Table of Contents Feed for the Digital Edition of Healthcare It News - February 2008

Healthcare It News - February 2008 Contents Hot Potato Wal-Mart Focus CIO Role Wasteland Linking Docs Katrina Work P4P Team Fire Sale? Emergency Systems Beyond Business

Healthcare It News - February 2008

For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.