ZirMed Acquires Analytics Provider MethodCare | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

ZirMed Acquires Analytics Provider MethodCare

September 29, 2014
by Rajiv Leventhal
| Reprints

The Louisville, Ky.-based ZirMed, a cloud-based business and clinical performance management solution provider, has acquired Chicago-based analytics provider MethodCare.

MethodCare's flagship software as a service (SaaS) solutions utilize predictive analytics in the areas of patient access, charge integrity, and reimbursement all centered on a patient's total episode of care. The solutions aim to pinpoint revenue leakage to identify recoverable missed charges, predict denials and appeal success rates, score patients propensity to pay, flag underpayments, and better manage risk-based contracts, according to officials.

ZirMed will expand its presence in Chicago with a new Healthcare Analytics Center of Excellence led by MethodCare's team of data scientists and business intelligence engineers. MethodCare's implementation and support teams will continue to operate in Chicago with plans for imminent growth. In this past year’s HCI 100 list of health IT vendors, ZirMed ranked 71st with a revenue of $87 million.

"MethodCare is excited to become a part of ZirMed," Jeff Kaplan, co-founder and CEO, MethodCare, said in a statement. "Together, we can accelerate the delivery and breadth of revenue cycle and population health solutions that allow healthcare organizations to achieve improved financial performance and deliver the highest quality patient care.”

Read the source article at Yahoo Finance

Get the latest information on Finance and Revenues 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

AHIMA Issues Cybersecurity Plan for Healthcare Organizations

Cyber attacks against the healthcare industry are growing at an accelerated pace, and to help healthcare organizations strengthen their cybersecurity programs and defend against a cyber attack, the American Health Information Management Association (AHIMA) recently released a 17-step cybersecurity plan.

Loma Linda University Medical Center Gets HIMSS Stage 7 Designation

Loma Linda University (LLU) Medical Center and other patient care facilities linked to the health system have achieved Stage 7 designation on HIMSS Analytics’ inpatient Electronic Medical Record Adoption Model (EMRAM).

HHS OIG Report Cites Concerns with MACRA Implementation

The U.S. Department of Health and Human Services (HHS) Office of the Inspector General issued a report of its review of the Centers for Medicare & Medicaid Services’ (CMS) management of the Quality Payment Program and cited specific concerns regarding the need for more specialized technical assistance for clinicians and program integrity efforts.

Cerner Files Protest over $62M EHR Contract Awarded to Epic

Cerner Corp. has filed a protest against rival EHR vendor Epic Systems following an “unfair bidding process and a possible conflict of interest” for a recent IT implementation contract awarded by the University of Illinois (UI) medical center.

NewYork-Presbyterian, Walgreens Partner on Telemedicine Initiative

NewYork-Presbyterian and Walgreens are collaborating to bring expanded access to NewYork-Presbyterian’s healthcare through new telemedicine services, the two organizations announced this week.

ONC Releases Patient Demographic Data Quality Framework

The Office of the National Coordinator for Health IT (ONC) developed a framework to help health systems, large practices, health information exchanges and payers to improve their patient demographic data quality.