RemedyMD acquires EZHealthcare

We've recently acquired EZHealthcare, a company specializing in practice management software and solutions for revenue management. We feel like it's a great fit with our current suite of EHR products ... you can read more about it in our press release here.

RemedyMD Acquires EZHealthcare, a Leading Provider of Revenue Cycle Management Software and Services

SALT LAKE CITY, Utah – July 10, 2007 – RemedyMD®, Inc., the market leader in the use of predictive informatics to recognize patterns, personalize treatment and measurably improve healthcare outcomes, today announced it has signed a definitive agreement to acquire privately held EZHealthcare, Inc.®, a leading provider of automated revenue cycle management solutions. EZHealthcare, also headquartered in Salt Lake City, UT, was founded in 1988 and provides an award-winning practice management solution to over 1900 medical practices nationwide. The terms of the acquisition were not disclosed.

Customers of RemedyMD and EZHealthcare will both benefit as the companies merge to create a comprehensive and fully integrated clinical and revenue cycle solution. EZHealthcare's products will be web-enabled and utilize the RemedyMD Mosaic™ platform, providing the latest internet-based technology to EZHealthcare customers. EZ Office™, EZHealthcare's practice management suite, will be available to RemedyMD customers and to practices seeking to realize the ROI benefits available from an integrated clinical and revenue-cycle management system. EZ EHR™, a new Web-based EHR designed for primary care practices, will be offered to EZ Office customers. Practices that use EZ Office or EZ EHR, and their patients, will benefit from RemedyMD's industry-leading patient portal, myHealthManager™.

"Previously, we were able to assist our customers by capturing and leveraging detailed clinical data," said Gary Kennedy, President and CEO of RemedyMD. "Now, we can offer the best of both worlds: the best data to facilitate the best decisions that lead to optimal outcomes, and a revenue cycle management system that enables clinical documentation to drive correct coding levels as well as provides support for outcomes-oriented initiatives such as P4P and PQRI."

"We joined the RemedyMD family in order to provide a complete healthcare solution for practices and clinics," said Derek Cordon, President of EZ Healthcare. "We have always known that there would be a major advantage to practices that use integrated clinical and financial systems from the same vendor. We began to build the additional products we needed, but when we saw RemedyMD's platform it became obvious that we could better meet the needs of our customers by combining efforts."

"We've spent the last five years assembling a team of specialized product development talent and building one of the most advanced platforms available," said Roberto Rocha, RemedyMD's Chief Medical Officer and Lead Informaticist. "We can take the expertise and content developed by EZ Healthcare over all these years and immediately put it to work on our platform. This will help us provide one more element in our quest to provide a 360° view of all patients."

This strategic product and technology acquisition expands the breadth of the RemedyMD Mosaic™ platform. The acquisition is expected to give RemedyMD expanded market opportunities by providing new product entry-points as well as cross-sell opportunities. In addition, RemedyMD will use existing EZHealthcare staff to augment its team in management, client services, and sales. The new support team will be based in Burley, Idaho, which will become RemedyMD's nationwide support center. For more information, please visit www.RemedyMD.com.

Great Show at ASBS 2007

Just got back from the annual trip to ASBS... things were really clicking for us at the conference this year. Lots of good leads, great conversation with a lot of very interesting and important people. All said and done, it was a very positive conference for both our BariEHR product and Investigate for Bariatrics, our clinical outcomes research offering.

The conference was held at the San Diego Conference center, in gorgeous downtown San Diego, literally minutes from the airport. The weather was great (but then again, this is San Diego, would you expect less?) and people were very pleasant to talk with.

Dr. Phil Schauer, the outgoing president of ASBS, came to our booth on Thursday the 14th to talk about his experiences with RemedyMD at CCF, and how they've been using our product. We actually had quite a crowd packed in for that part of the session. I think that people are genuinely interested in conducting outcomes studies and improving their care processes to have better care, but often find themselves ill-equipped to do so. That's why we feel Investigate for Bariatrics adds so much value... let us handle the data management/security/collection, etc and spend your time focusing on the research.

We spoke with several groups wanting to aggregate data locally for research, others interested in developing registries and state-wide weight-loss surgery data sets. Investigate is a natural option to support these since it really focuses on three things 1) Aggregating data from multiple sources 2) Providing easy screen-building tools to support further data collection and 3) Offering powerful query and report generation tools to make use of this data. Our message was definitely resonating with the ASBS 2007 crowd...

Advisory Board Meeting at ASBS

Below is a press release talking about our upcoming events at ASBS... we're looking forward to a successful show...

SALT LAKE CITY, Utah – June 5, 2007 – RemedyMD®, leading provider of bariatric surgery-specific electronic health record products, announced that its fifth annual Bariatric Advisory Board meeting is scheduled for the morning of June 13th directly prior to the American Society of Bariatric Surgery (ASBS) annual conference at the Marriott Marina Hotel in San Diego. Advisory board members will discuss industry trends, best practices, product enhancements, and their practice-specific experiences with RemedyMD's bariatric products and services.

RemedyMD's EHR platform enables physicians and their staff to streamline practice workflow, document patient visits, record, report, and improve on health outcomes, receive clinical decision support, and facilitate better patient involvement in their own healthcare. BariEHR is specifically outfitted for bariatric surgeons by providing full documentation and management of initial visits, surgeries, and follow up care. BariEHR also enables full reporting for any certification or credentialing program, including but not limited to the Surgical Review Corporation's Centers of Excellence program, and insurance company-specific Centers of Excellence and Distinction programs.

As with all RemedyMD solutions, BariEHR includes myHealthManager™, RemedyMD's web-based weight-loss management solution for patients. myHealthManager is a comprehensive patient health and wellness management system that facilitates patient registration, nutrition, weigh-ins, exercise journaling and goal-setting. myHealthManager displays surgeon-created reminders and secure messages directly to patients. Patients can access online educational resources and participate in an active weight-loss community. Statistics show that patients who utilize myHealthManager are more likely to stay on track with their weight-loss programs, maintain long-term contact with the practice, and ultimately lose more weight.

“We meet with top accredited bariatric surgeons each year to gather feedback and implement it into BariEHR,” said Emily Bonham, RemedyMD's Director of EHR Products and Bariatric Advisory Board Chair. “The surgeons' input is crucial to our product development strategy, and helps us continue to provide bariatric surgeons and their patients with the most advanced bariatric electronic health records software on the market today.”

In addition to the BariEHR Advisory Board meeting, RemedyMD will be exhibiting at the ASBS conference in San Diego June 13-15, 2007, Booth #623. For more information, please visit www.BariEHR.com/.