athenahealth to Acquire Proxsys | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

athenahealth to Acquire Proxsys

July 26, 2011
by root
| Reprints

athenahealth Inc., a Watertown, Mass.-based provider of cloud-based practice management, electronic health record (EHR), and patient communication services to medical groups, announced that it has signed a definitive agreement to acquire Proxsys, LLC, a Birmingham, Ala.-based provider of cloud-based care coordination services between physicians and hospitals. This acquisition accelerates the development of athenahealth’s emerging care coordination service, now known as athenaCoordinator.

Terms of the merger agreement include a cash payment of approximately $28.0 million with the potential for additional consideration of up to $8.0 million, based on the achievement of certain business and financial milestones. The transaction is expected to close during Q3 2011.

Proxsys offers services for care coordination, order transmission, referral management, hospital patient registration, and insurance pre-certification. Proxsys simplifies care transitions from physicians to their supply chain partners including: specialists, laboratories, imaging centers, hospitals and ambulatory surgery centers. This results in improved quality of care and patient satisfaction, decreases in denied or delayed claims payments and bad debt, and increases efficiencies and revenue. Proxsys serves approximately 90 clients, including certain athenahealth enterprise hospital clients, representing approximately 8,000 physicians and 60,000 patient registrations every month.


Topics

News

Community Data Sharing: Eight Recommendations From San Diego

A learning guide focuses on San Diego’s experience in building a community health information exchange and the realities of embarking on a broad community collaboration to achieve better data sharing.

HealthlinkNY’s Galanis to Step Down as CEO

Christina Galanis, who has served as president and CEO of HealthlinkNY for the past 13 years, will leave her position at the end of the year.

Email-Related Cyber Attacks a Top Concern for Providers

U.S. healthcare providers overwhelmingly rank email as the top source of a potential data breach, according to new research from email and data security company Mimecast and conducted by HIMSS Analytics.

Former Health IT Head in San Diego County Charged with Defrauding Provider out of $800K

The ex-health IT director at North County Health Services, a San Diego County-based healthcare service provider, has been charged with spearheading fraudulent operations that cost the organization $800,000.

Allscripts Touts 1 Billion API Shares in 2017

Officials from Chicago-based health IT vendor Allscripts have attested that the company has reached a new milestone— one billion application programming interface (API) data exchange transactions in 2017.

Dignity Health, CHI Merging to Form New Catholic Health System

Catholic Health Initiatives (CHI), based in Englewood, Colorado, and San Francisco-based Dignity Health officially announced they are merging and have signed a definitive agreement to combine ministries and create a new, nonprofit Catholic health system.