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.