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Vendor Notebook - Feb. 25, 2008

By Fred Bazzoli

MedAssets, Inc. of Atlanta has entered into a new multi-year agreement with the Bon Secours Health System of Marriottsville, Md. to expand its relationship by implementing a suite of MedAssets data management and analytical tools to enhance supply chain and revenue cycle data accuracy and transparency across the health system. In addition, the company has announced an agreement to expand the breadth of its contract with the Saint Barnabas Health Care System in New Jersey. Also, the Ochsner Health System in New Orleans has signed an expanded multi-year agreement with MedAssets to include the company's Xclaim claims management solution.

The Quotit Corporation, an Irvine, Calif.-based Internet application service provider for the health insurance and employee benefits industry, has entered into a contract with WellPoint, Inc. and its affiliated companies to provide insurance rate quotes on Medicare plans to America's senior population.

Affiliated Computer Services, Inc. of Dallas has announced that its ACS/Mellon HAS Solution now manages more than 450,000 health savings accounts (HSAs), holding more than $350 million in assets and representing more than 1 million people.

CompuMed, Inc., a Los Angeles-based medical informatics company, has announced a credit agreement with Boston Avenue Capital, LLC to create a revolving line of credit of up to $4 million to provide liquidity and working capital for growth initiatives and future expansion, including acquisitions.

Mobile Anesthesiologists Holdings, LLC of Chicago has announced the spin-off of its procurement operation into an independent company to be known as Pro Cure, LLC. The new company will provide a full spectrum of procurement services to the so-called "alternate-site" market, comprised of office-based practices and smaller chain and independent ASCs.

Carestream Health has launched a new price-per-procedure payment plan for its Kodak Carestream PACS platform, allowing healthcare facilities to link costs with imaging volume and avoid large capital expenditures for equipment related to radiology services.

 

CollaborateMD, an Orlando-based provider of Internet medical billing software for physician offices and medical billing services, has launched CollaborateEMR, an Internet-based electronic medical record software. The new service was developed in partnership with Sevocity, a division of Conceptual MindWorks, Inc., and will be integrated with CollaborateMD's practice management solution.

Columbus, Ohio-based HTP, Inc., has released HTO Charity Compliance Manager, an automated software solution that helps tax-exempt hospitals comply with the new IRS Form 990 through accurate classification and reporting of community benefit.

Craneware, Inc. of Orlando has announced an agreement with Denver-based Financial Healthcare Systems, LLC to use the company's technology in Craneware's patient charge estimator. FHS' technology will allow Craneware's estimator to also factor third-party contracts into the patient's healthcare bill.

Thomson Healthcare of Stamford, Conn. has unveiled Medstat Advantage Suite 4.0, a decision support tool that enables large employers, health plans and government agencies to aggregate and integrate healthcare claims data and other information from diverse systems, organize, standardize and enhance that data, and analyze the data to support decision-making processes.

MD On-Line, Inc. of Parsippany, N.J. has signed a contract with Blue Shield of California to offer providers a free online service for submitting healthcare claims and other healthcare transactions electronically.

ABC Coding Solutions of Albuquerque, N.M., developer of ZipClaims.com, has released a three-minute video of its new online medical billing system, which is designed to bring non-physician healthcare practitioners, like advanced practice nurses, into the business mainstream.

American Safety Insurance Services, Inc. of Atlanta has announced the launch of MedSolutions, a new suite of insurance products that provide customized insurance plans for long-term care facilities and healthcare groups.

London-based Reed Elsevier PLC, the owner of the Lexis Nexis information service, has announced that it will be U.S. data services from ChoicePoint Inc., an Alpharetta, Ga.-based provider of data and analytics to the insurance industry, for $4.1 billion in cash.

 

Fifth Third Bank of Cincinnati has announced the release of Electronic Remittance Advice Integration, a new value-added service for the healthcare industry that joins the bank's Explanation of Benefits (EOB), Capture, Denial Management and Secondary Billing to further streamline and shorten the revenue cycle.

LifeMasters Supported SelfCare, Inc., an Irvine, Calif.-based provider of health improvement services, has received an extension from the Centers for Medicare & Medicaid Services of its disease management demonstration project in Florida. The project, which aims to measure the effectiveness of a disease management program in a Medicare fee-for-service population, focuses on beneficiaries who are eligible for both Medicare and Medicaid and have congestive heart failure or any combination of CHF, diabetes and/or coronary heart disease.

Claimsnet.com, a Dallas-based provider of electronic transaction services to the healthcare industry, has acquired substantially all the assets of Acceptius, Inc., also of Dallas. The asset purchase agreement was signed on Feb. 20, 2008.

NextGen Healthcare of Horsham, Pa. has announced that the AmSurg Corporation, the nation's largest publicly held operator of ambulatory surgery centers, has started to roll out the integrated NextGen electronic medical records (EMR) and practice management platform. AmSurg owns a majority interest in 170 ambulatory surgery centers across the nation, with revenues in excess of $500 million.

The Noblis Center for Health Innovation in Falls Church, Va. has announced that its Information Management & Systems practice (IM&S) will begin providing a new series of workshop-based offerings designed to help organizations create and align business and clinical strategies and enhance IM&S governance processes.

GetWellNetwork, Inc. of Bethesda, Md., a provider of interactive patient care (IPC) solutions, is partnering with The Paquin Group, a provider of healthcare-based retail solutions, to offer hospitals and their patients access to online healthcare retail opportunities.

 

First DataBank of San Bruno, Calif. has announced that 6N Systems, a New York state-based long-term care software provider, has licensed OrderView Med Knowledge Base, a computerized physician order entry (CPOE) drug database designed by medication ordering and prescribing.

GE Healthcare has announced that the Inova Health System of Northern Virginia has selected Centricity Electronic Medical Record (EMR) under the Stark relaxation rules. The company will donate a significant portion of cost savings from the Stark Relaxation rules to community physicians.

Kryptiq, of Portland, Ore., has announced that Regence, the largest not-for-profit health insurance carrier in the Pacific Northwest and Mountain State regions, has successfully implemented the company's Choreo Suite, designed to increase contracting efficiency, improve management of alternative contract language and enable rapid assessment of contract compliance.

Medical Present Value, Inc. of Austin, Texas, has announced that the Novant Medical Group of Charlotte, N.C., the Greenville Hospital System of Greenville, N.C. and Franklin Healthcare Associates of Johnson City, Tenn. have signed contracts for MPV Phynance to improve payer contract management processes and audit reimbursement.

Lawson Software of St. Paul, Minn. has unveiled Lawson Resource Navigator, a workforce communications tool that integrates with Lawson Employee and Manager Self-Service solutions, part of the Lawson S3 Human Capital Management application suite.