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



Healthcare Execs Anticipate High Cost Returns from Predictive Analytics Use

Healthcare executives are dedicating budget to predictive analytics, and are forecasting significant cost savings in return, according to new research from the Illinois-based Society of Actuaries.

Adam Boehler Tapped by Azar to Serve as Senior Value-Based Care Advisor

Adam Boehler, currently director of CMMI, has also been named the senior advisor for value-based transformation and innovation, HHS Secretary Alex Azar announced.

Vivli Launches Clinical Research Data-Sharing Platform

On July 19 a new global data-sharing and analytics platform called Vivli was unveiled. The nonprofit group’s mission is to promote, coordinate and facilitate scientific sharing and reuse of clinical research data.

Survey: More Effective IT Needed to Improve Patient Safety

In a Health Catalyst survey, physicians, nurses and healthcare executives said ineffective information technology, and the lack of real-time warnings for possible harm events, are key obstacles to achieving their organizations' patient safety goals.

Physicians Still Reluctant to Embrace Virtual Tech, Survey Finds

While consumers and physicians agree that virtual healthcare holds great promise for transforming care delivery, physicians still remain reluctant to embrace the technologies, according to a new Deloitte Center for Health Solutions survey.

Geisinger, AstraZeneca Partner on Asthma App Suite

Geisinger has partnered with pharmaceutical company AstraZeneca to create a suite of products that integrate into the electronic health record and engage asthma patients and their providers in co-managing the disease.