News & Updates
by Bill Siwicki, Healthcare IT News
The health system went from five EHRs to one, and integrated that Epic system with its revenue cycle platform and legacy data. Now, end users have an all-important single view. Read full article.
BRECKSVILLE, Ohio--In the latest of its strategic partnership arrangements, MediQuant®, the leading innovator and provider of enterprise active archiving solutions to hospitals and health systems, announced today a partnership with Sutherland Healthcare Solutions.
Sutherland is a global company supporting business process transformation, with the healthcare division optimizing financial and clinical performance across the healthcare continuum. The partnership will enable Sutherland Healthcare Solutions to support its health IT solutions with MediQuant’s technology and expertise in the archiving, management and activation of legacy data.
“Our partnership with MediQuant allows us to work with customers to evolve their digital infrastructure, while maintaining access to a wealth of prior patient data.”
“After 18 months of successful collaboration between MediQuant and Sutherland Healthcare Solutions, the logical next step for both companies was to formally partner and go to market together,” said Jim Jacobs, Chief Executive Officer at MediQuant. “This partnership offers clients throughout the healthcare ecosystem an efficient way to archive and access data as they transform their IT systems.”
“Having spent more than 30 years in the development and delivery of innovative healthcare software and services, I cannot remember a time when there has been as much opportunity for digital transformation of our healthcare system,” said Graham Hughes, MD, Chief Executive of Sutherland Healthcare Solutions. “Our partnership with MediQuant allows us to work with customers to evolve their digital infrastructure, while maintaining access to a wealth of prior patient data.”
Founded in 1999, and headquartered in Brecksville, Ohio, MediQuant is the leader in enterprise active archiving solutions for hospitals and health systems. The Company’s flagship product, DataArk®, is a solution that assists hospitals in retiring legacy clinical and patient accounting platforms and maintaining access to relevant data via a cloud-based software platform. Active archiving grants users the necessary functionality of a legacy system without the expense and risks. Data is kept active for quickly retrieving files, easily updating old records and continuing to bill accounts. MediQuant and its subsidiary DataEmerge serve nearly 200 individual health systems which represent more than 1,000 hospital and physician practice customers. For more information, visit www.mediquant.com.
As a process transformation company, Sutherland rethinks and rebuilds processes for the digital age by combining the speed and insight of design thinking with the scale and accuracy of data analytics. The Company has been helping customers across industries from financial services to healthcare, achieve greater agility through transformed and automated customer experiences for over 30 years. Headquartered in Rochester, N.Y., Sutherland employs thousands of professionals spanning 20 countries around the world. To learn more, please visit www.sutherlandglobal.com.
River Communications
Joe Collins, 914-686-5599
jcollins@riverinc.com
BRECKSVILLE, Ohio--MediQuant®, the leading innovator and provider of enterprise active archiving solutions to hospitals and health systems, announced the addition of Dana Sellers as a Board Member. Over her 30-year career, Sellers has been recognized as a pioneer in electronic health record (EHR) strategy and healthcare information technology (HIT) solutions that support value-based care.
Most recently, Sellers was co-founder and chief executive officer (CEO) of Encore Health Resources, a provider of HIT consulting, retiring from Encore after it was acquired by emids in 2017. Encore had been named a Modern Healthcare “Best Place to Work” repeatedly since its inception in 2009.
“We are delighted to have Dana join the MediQuant board as we navigate a significant new era of growth,” said MediQuant CEO Jim Jacobs. “She brings knowledge, experience, an entrepreneurial spirit and history of dedication to employee and client satisfaction.”
“We are delighted to have Dana join the MediQuant board as we navigate a significant new era of growth.”
Other MediQuant board members include: MediQuant founder and chairman Tony Paparella and Jeff Crisan and Nikhil Marathe of Silversmith Capital Partners.
Before starting her own firm, Sellers was president and chief operating officer at Healthlink leading to its acquisition by IBM’s Global Business Solutions. She stayed with IBM for four years as a partner overseeing the U.S. healthcare provider team.
“My credo is a great match for the long-term commitment and recent clinical expansion of MediQuant: to offer the best healthcare IT to improve patient care and outcomes,” said Sellers. “It’s exciting to turn my attention to helping healthcare facilities and providers with the smoothest possible transitions to update and upgrade their data systems to meet today’s needs. If we can ease the burden of information management and reporting, we can help make IT a pathway to better and more successful health services.”
Sellers also serves on the board of emids. She has served on the boards of CHIME, the CHIME Foundation and the CHIME Education Foundation, and is a recipient of the CHIME Foundation Industry Leader Award.
About MediQuant
Founded in 1999, and headquartered in Brecksville, Ohio, MediQuant is the leader in enterprise active archiving solutions for hospitals and health systems. The Company’s flagship product, DataArk®, is a solution that assists hospitals in retiring legacy clinical and patient accounting platforms and maintaining access to relevant data via a cloud-based software platform. Active archiving grants users the necessary functionality of a legacy system without the expense and risks. Data is kept active for quickly retrieving files, easily updating old records and continuing to bill accounts. MediQuant serves nearly 200 individual health systems which represent more than 1,000 hospital and physician practice customers. For more information, visit www.mediquant.com.
River Communications
Joe Collins, 914-686-5599
jcollins@riverinc.com
BRECKSVILLE, OHIO, February 25, 2019 – MediQuant®, the leading innovator and provider of enterprise active archiving solutions to hospitals and health systems, received high customer ratings for the combination of breadth of expertise and customer satisfaction among multi-solution vendors in the KLAS Legacy Data Archiving 2019 Report released today. Findings show 100 percent of interviewed customers would partner with the company again and view its solutions as part of their long-term plans.
In their assessment, researchers from KLAS, a healthcare IT data and insights company, reported MediQuant: provides broad clinical and financial expertise in both inpatient and outpatient settings, including surgical, imaging and laboratory solutions; has the most experience with financial data, with many customers identifying financial archiving as a company strength; and offers a high-quality solution—DataArk®—that formats legacy data into a standardized screen and provides robust search functionality. In fact, MediQuant customers said they are highly or mostly satisfied with the accessibility, completeness and accuracy of their archived data. Additionally, they noted MediQuant maintains a strong data-validation and record-matching methodology throughout the data-mapping process.
“The KLAS report headlines our industry leadership for our combined strength of quality and breadth of expertise,” said Jim Jacobs, Chief Executive Officer at MediQuant. “We are dedicated to providing hospitals and health systems with seamless access to vital data – clinical and financial – so they can maximize patient outcomes and cost savings simultaneously. We are also thankful to our customers for giving us top marks for our enterprise active archiving solutions. Our partnership and ongoing dialogue with them empower us to continue our now 20-year legacy of innovation and leadership.”
At the HIMSSS19 Global Conference and Exhibition last week, MediQuant made two major announcements that will expand its suite of tools, resources and capabilities and reinforce its leadership in the healthcare enterprise archiving space. This month, MediQuant acquired DataEmerge and executed a purchase contract for HeF Solutions.
DataEmerge is a leading data extraction service and long-time cooperative partner with MediQuant in supporting speed to value for clients. This acquisition makes MediQuant one of the only companies to offer complete in-house extraction services, while continuing to have DataEmerge serve others in the industry.
HeF Solutions is a healthcare technology firm specializing in electronic medical records (EMR) data conversions, legacy data archival and technical services that support needed access to clinical records. This agreement deepens MediQuant’s data conversion services, expanding the tools, resources and capabilities offered to clients who require Extract, Transform and Load (ETL) services to manage a shift between EMR systems.
“MediQuant has long harnessed the power of partnership with our clients and industry collaborators to enable customers to have seamless and ready access to the data they need to ensure state-of-the-art care and outcomes,” said Jacobs. “Launching our 20th anniversary year with DataEmerge and HeF Solutions as part of our in-house team signals a year of great transformation and growth for MediQuant, and we’re primed for what lies ahead.”
Founded in 1999, and headquartered in Brecksville, Ohio, MediQuant is the leader in enterprise active archiving solutions for hospitals and health systems. The Company’s flagship product, DataArk®, is a solution that assists hospitals in retiring legacy clinical and patient accounting platforms and maintaining access to relevant data via a cloud-based software platform. Active archiving grants users the necessary functionality of a legacy system without the expense and risks. Data is kept active for quickly retrieving files, easily updating old records and continuing to bill accounts. MediQuant serves nearly 200 individual health systems which represent more than 1,000 hospital and physician practice customers. For more information, visit www.mediquant.com.
KLAS is a data-driven company on a mission to improve the world's healthcare by enabling provider and payer voices to be heard and counted. Working with thousands of healthcare professionals, KLAS collects insights on software, services and medical equipment to deliver reports, trending data and statistical overviews. KLAS data is accurate, honest and impartial. The research directly reflects the voice of healthcare professionals and acts as a catalyst for improving vendor performance. To learn more about KLAS and the insights we provide, visit www.KLASresearch.com.
CONTACT
River Communications
Joe Collins, 914-686-5599
jcollins@riverinc.com
Finalizing the second deal in a week, MediQuant, the leading innovator and provider of enterprise active archiving solutions to hospitals and health systems, announced today that it has executed a purchase contract for HeF Solutions. HeF is a healthcare technology firm specializing in electronic medical records (EMR) data conversions, legacy data archival and technical services that support needed access to clinical records.
The agreement deepens MediQuant’s data conversion services, expanding the tools, resources and capabilities offered to clients who require Extract, Transform and Load (ETL) services to manage a shift between EMR systems. This is the second step in a week MediQuant has taken to further its capability to serve clients, complementing its recent incorporation of extraction services through DataEmerge. Collectively, the acquisitions reinforce MediQuant’s position as the leader in the healthcare enterprise archiving space.
“We are excited about strengthening MediQuant’s end-to-end offering.”
“These additional resources give us the ability to streamline our service offering and reinforce a responsive, consistent and unified approach,” said Jim Jacobs, Chief Executive Officer at MediQuant. “We welcome the HeF team and value their expertise. MediQuant and HeF clients will continue as planned, but now have the commitment of both companies to ensure speed and accuracy of conversion, data archiving and in-house extraction. Together, these teams solidify MediQuant’s broad expertise in meeting the needs of the most complex, time-constrained EMR transitions.”
HeF Solutions has helped clients convert data since 2006, following a six-step process called RightPath® Procmigrate so they can map extensive data records from their legacy systems. The company’s Chief Executive Officer, Daniel Alex continues to serve dedicated clients based on HeF’s traditional commitment to innovative technology and expert support for quality data management.
“Joining forces is the ideal way to ensure clients have the most effective, accurate and efficient conversion process when switching from one EHR to another,” said Alex. “We are excited about strengthening MediQuant’s end-to-end offering.”
Already recognized as one of the fastest growing HIT services, MediQuant is on track to continue its dramatic growth while also expanding the scope of service to build a comprehensive solution for all elements of enterprise active archiving and management for both financial and clinical data.
MediQuant will showcase its enterprise active archiving solutions at the HIMSS19 Global Conference and Exhibition from February 11-15, 2019 at the Orange County Convention Center in Orlando. Visit booth # 1841. Attendees are encouraged to attend a MediQuant-sponsored session entitled, Achieving Legacy System Retirement and Data Consolidation (#184) on Wednesday, February 13 between 4:00 p.m. and 5:00 p.m. featuring senior leaders from Yale New Haven Health System and John Muir Health.
MediQuant, the leading innovator and provider of enterprise active archiving solutions to hospitals and health systems, announced today the acquisition of DataEmerge, a leading data extraction service and long-time cooperative partner with MediQuant in supporting speed to value for clients.
The agreement will add tools, resources and capabilities, making MediQuant one of the only companies to offer complete in-house extraction services, while continuing to have DataEmerge serve others in the industry.
“Culturally, it’s a perfect fit of two families that have been close for years. Cliff and team have been great collaborators in helping us become the leading enterprise active archive provider.”
DataEmerge has helped clients migrate hundreds of EMR, financial and other clinical systems and map billions of data records from their legacy systems. Founder and CEO Cliff Skinner brings years of experience in Healthcare IT consultancy, supported by his leadership team, including Chief Technology Officer Kevin Saffer and Data Migration Specialist Alex Van Schoyck. In the five years since its inception, the company has become a leading provider to the healthcare industry, offering data migration from legacy source systems that enable clients to access their legacy data more cost-effectively.
“This merger is an opportunity for both MediQuant and DataEmerge to grow and expand our offerings and quality,” said Jim Jacobs, Chief Executive Officer at MediQuant. “Culturally, it’s a perfect fit of two families that have been close for years. Cliff and team have been great collaborators in helping us become the leading enterprise active archive provider.”
Working together to offer Extract, Transform and Load (ETL) services, both firms have expanded quickly during the prevailing trend of industry consolidation. The focus of DataEmerge on data extractions for most of the healthcare financial and clinical systems will enhance MediQuant’s success in all phases of ETL and legacy data management. With this merger, MediQuant plans to deepen its commitment to efficiently collecting data from multiple sources and offering rapid and accurate transformation to single systems that increase access to all data.
Skinner will continue to lead the DataEmerge product line, supporting all of his current clients with the same dedication and focus on growth.
“DataEmerge is excited to become a part of the MediQuant portfolio. We will continue to lead in cost- and time- effective data extractions while gaining the resources and technology to make sure we offer our clients the most complete solutions for their needs,” said Skinner.
MediQuant will showcase its enterprise active archiving solutions at the HIMSS19 Global Conference and Exhibition from February 11-15, 2019 at the Orange County Convention Center in Orlando. Visit booth # 1841. Attendees are encouraged to attend a MediQuant-sponsored session entitled, Achieving Legacy System Retirement and Data Consolidation (#184) on Wednesday, February 13 between 4:00 p.m. and 5:00 p.m. featuring senior leaders from Yale New Haven Health System and John Muir Health.
MediQuant is the recipient of ACG Cleveland’s prestigious 2019 Northeast Ohio Leading Deal Maker Award. The award recognizes the region’s preeminent corporate deal makers for their accomplishments in using acquisitions, financings and other transactions to fuel sustainable growth. Its sponsor, ACG Cleveland, is Northeast Ohio’s leading organization for merger and acquisition and corporate growth professionals.
ACG will honor MediQuant at the 23rd Annual Deal Maker Awards in recognition of the company’s strategy to expand its market leadership in healthcare data management and fuel its growth as a clinical data solutions provider. Tony Paparella, Chairman and Founder of MediQuant, credits the recent, significant growth investment from Silversmith Capital Partners, a Boston-based growth equity firm, as the driving force behind his company’s new transformative growth strategy.
“The growth investment from Silversmith Capital Partners, together with our doubling of both revenue and customers over the past two years, has made this the most exciting time in MediQuant’s history,” said Paparella. “Starting off our 20th anniversary year with our eighth consecutive Weatherhead 100 Award and now ACG’s Deal Maker Award inspires us to keep innovating so our clients have easy access to the data they need to improve patient outcomes. And the hundreds of millions of dollars in cost savings we continue to generate for our clients not only benefits their bottom line, but advances the entire healthcare system as well.”
The Deal Maker Awards ceremony will be held on Thursday, January 24, 2019, at 5:30 p.m. EST at the Hilton Downtown Cleveland.
MediQuant, a leading provider of enterprise active archiving to hospitals and health systems, has generated hundreds of millions of dollars in cost savings for its clients, which in turn has helped advance patient care and outcomes for nearly 20 years. Now for the eighth consecutive year, MediQuant has been recognized for its success as a healthcare solutions provider with the prestigious Weatherhead 100 Award, which honors Northeast Ohio’s fastest-growing companies.
“MediQuant helped create the category of healthcare data management and archiving, but it’s our ongoing innovation in this sector and evolution into clinical data solutions and beyond that have fueled our continued growth,” said Tony Paparella, Chairman and Founder. “In just the past two years, our revenue and customer base have both doubled, and in 2018 we increased our staff by 30 percent. It is an honor for us to be a recipient of the 2018 Weatherhead 100 Award in recognition of all this forward momentum.”
Paparella is also bullish on his company’s future growth given the need for effective and efficient clinical data and active archiving solutions in healthcare is greater now more than ever. “The increasing complexity and quantity of health data, the ever-changing rules governing care and reimbursement, and ongoing industry consolidation prove that the only constant in healthcare is change,” he said. “Healthcare’s transitory nature is precisely what will propel us to continue developing new services and products that simplify IT, maximize cost savings, and empower healthcare professionals to provide optimal care to their patients.”
On February 7th, MediQuant’s President, Tony Paparella, and John Muir Health Associate CIO and VP of IT Operations, Bill Hudson, led a webinar on the CHIME College LIVE platform. The session, titled Data Stewardship & Legacy Decommissioning: A Roadmap to Cost Reduction, Data Retention, and Compliance, centered on John Muir Health’s ongoing efforts to decommission hundreds of legacy systems.
