What You Should Know:
– DeliverHealth, a provider of technology-enabled solutions for hospitals, health systems, and group practices, today announced the acquisition of PresidioHealth, a healthcare technology and clinical intelligence company. Financial terms of the acquisition were not disclosed.
– The acquisition enables DeliverHealth to further expand its software platform, thus improving coding quality and speeding up the reimbursement cycle for healthcare organizations.
Combined Organization Will Simplify Coding and Physician Documentation Complexities
Founded in 2003, PresidioHealth brings to DeliverHealth its innovative SaaS-based services that acquire, normalize and read medical charts using latest-generation technologies. The software improves coding quality and optimizes coding production, with capabilities that scale across multiple specialties, such as radiology, pathology, orthopedics and hospital medicine. It also provides business intelligence dashboards for easy, one-click access to real-time and trendline coding, documentation improvement and billing data, giving customers full visibility and transparency to make actionable performance and financial decisions across the entire business cycle.
On the heels of its recently-launched DeliverHealth Platform, this acquisition strengthens the company’s Coding & Revenue Integrity solution. Powered by a centralized coding and audit engine, the DeliverHealth Platform is designed to continually reduce complexity for providers, clinicians and patients. Clinical documentation, coding improvement capabilities, and revenue integrity workflow solutions live within the platform, enabling providers to choose — by specialty or care setting — their best-desired means to document via the EHR, whether speech-to-text, dictating or scribing.
The platform also has the ability to normalize and categorize documentation, whereby a centralized coding engine audits, analyzes and then provides appropriate workflows, escalating only key exceptions to the human in the loop. The result is reduced costs, increased productivity, and appropriate, compliant revenue capture, thus eliminating rework and inefficiencies, and unifying point solutions — truly simplifying everyday complexities.
As part of the acquisition, PresidioHealth Founder and President, Douglas Evans, MD, MPH, will be joining DeliverHealth’s executive team, along with Tom Gregory, PresidioHealth’s Chief Technology Officer, and Carlie Richard, PresidioHealth’s Vice President of Client Success.
“The more we looked at PresidioHealth, the more we saw synergies and a shared commitment to putting simplicity to work,” said Michael Clark, CEO of DeliverHealth. “Everything our companies do is focused on improving the quality of the interactions between providers and patients. That includes timely, accurate, complete and efficient codification of the encounter with improved documentation, relieving physician workflow complexities. Our DeliverHealth Platform drives out costs, increases revenue and improves the quality of care while reducing physician burden.”