Intuit to Acquire Medfusion | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Intuit to Acquire Medfusion

May 11, 2010
by root
| Reprints

Intuit Inc., based in Mountain View, Calif., and provider of business and financial management solutions Quickbooks, Quicken, and TurboTax, has signed an agreement to acquire Medfusion, a Cary, N.C.-based patient-to-provider communications company. The cash transaction is valued at approximately $91 million.

Medfusion is the creator of an online solution to help patients better communicate with their providers to schedule appointments, pay bills, request prescription refills, complete medical forms, review lab results and clinical summaries, receive reminders and exchange secure messages for related care and administrative issues. Intuit plans to build upon its existing Quicken Health programs, combining Intuit’s user interface and design with Medfusion’s portal offering and bill presentment and payment solutions.

Medfusion’s patient-to-provider communication solution, combined with an electronic health record, allows patients to electronically access their health information in a timely manner, which is a current requirement for eligible providers to receive $44,000 per provider under the American Recovery and Reinvestment Act stimulus bill.

Under the terms of the transaction, Stephen Malik, Medfusion’s founder and chief executive officer, will become a senior vice president and general manager reporting to Brad Smith, Intuit president and chief executive officer.

The transaction is expected to close during the fourth quarter of Intuit’s fiscal year 2010, which ends July 31st.

Get the latest information on Health IT and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More

Topics

News

Survey: Infrastructure, Interoperability Key Barriers to Global HIT Development

A new survey report from Black Book Research on global healthcare IT adoption and records systems connectivity finds nations in various phases of regional electronic health record (EHR) adoption. The survey results also reveal rapidly advancing opportunities for U.S.-based and local technology vendors.

Penn Medicine Opens Up Telehealth Hub

Philadelphia-based Penn Medicine has opened its Center for Connected Care to centralize the health system’s telemedicine activities.

Roche to Pay $1.9B for Flatiron Health

Switzerland-based pharmaceutical company Roche has agreed to pay $1.9 billion to buy New York-based Flatiron Health Inc., which has both an oncology EHR and data analytics platform.

Financial Exec Survey: Interoperability Key Obstacle to Value-Based Payment Models

Momentum continues to grow for value-based care as nearly three-quarters of healthcare executives report their organizations have achieved positive financial results from value-based payment programs, to date, according to a new study from the Healthcare Financial Management Association (HFMA).

Cerner, Children's National to Help UAE Pediatric Center with Health IT

Al Jalila Children's Specialty Hospital, the only pediatric hospital in the United Arab Emirates, has entered into an agreement with Washington, D.C.-based Children's National Health System to form a health IT strategic partnership.

Telemedicine Association Names New CEO

The American Telemedicine Association (ATA) has named Ann Mond Johnson its new CEO, replacing Jon Linkous who stepped down suddenly last August after 24 years as the organization’s CEO.