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Medsphere Merges with RCM Vendor Stockell

October 19, 2017
by David Raths
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Deal promises closer integration of OpenVista clinicals and InsightCS revenue cycle tools

Medsphere Systems Corp., developer of the OpenVista electronic health record, is merging with Stockell Healthcare Systems, which offers a suite of revenue cycle management tools.

St. Louis-based Stockell will become a division of Medsphere and continue to use the Stockell name. Both companies are focused on cloud-based deployments.

“We’ve collaborated several times on previous implementations, so this really seemed like a natural and very beneficial evolution of the relationship,” said Medsphere President and CEO Irv Lichtenwald, in a statement. “The integration of OpenVista clinicals and InsightCS revenue cycle has already created a system that dramatically improves operational efficiency and the bottom line for our clients. We’re confident that subscription-based pricing and improved billing through an integrated RCM system will mitigate the financial impact of a large healthcare IT purchase.”

Founded in 2002 and based in Carlsbad, Calif., Medsphere’s OpenVista EHR was initially derived from the U.S. Department of Veterans Affairs’ open source VistA solution. The company said it has reduced dependence on VistA and enhanced the solution using modern technologies, including mobility, improved patient documentation, population health and behavioral health modules, and many more functional and foundational improvements.

The union with Stockell is only Medsphere’s most recent merger deal. In June of last year Medsphere merged with ambulatory healthcare IT solutions provider ChartLogic. In the spring of 2015 the company joined forces with Phoenix Health Systems, a hospital IT outsourcing company.

 

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