Second Deal in Two Days

MediQuant Purchases HeF Solutions to Continue Building Comprehensive Suite of Services

Brings Data Conversion In-House

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.”

— Daniel Alex, CEO of HeF Solutions

“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 Acquires DataEmerge

Acquisition will Enhance Data Management Bandwidth and Capabilities

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.”

— Jim Jacobs, MediQuant CEO & President

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.

2019 Northeast Ohio Leading Deal Maker Award

MediQuant’s Success and Growth Strategy in Enterprise Active Archiving Earns the Market Leader a 2019 Northeast Ohio Leading Deal Maker Award

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.

Weatherhead 100 Award

Weatherhead 100 Award Recognizes MediQuant’s Leadership, Growth and Success in Enterprise Archiving for Eighth Consecutive Year

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.”

MediQuant President Co-Presents CHIME College LIVE Webinar

Tony Paparella

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.

The well-attended session provided guidance for attendees who are considering undertaking an archiving initiative within their organizations. Topics covered included building a business case, identifying use cases, putting together a project team, and understanding data retention requirements. The presentation also included an in-depth review of the cost savings associated with the archiving initiative undertaken by John Muir Health. Attendees gave the presentation high marks and reported that the content was very helpful and timely.

A recording of the session can be found here.

MediQuant Named to Weatherhead 100 for 7th Consecutive Year

Winners honored during awards dinner at Cleveland Hilton on November 30th

MediQuant is honored to have been recognized by the Weatherhead School of Management at Case Western Reserve University as a Weatherhead 100 award winner for the seventh year in a row. The Weatherhead 100 award recognizes an elite group of companies who are the best example of leadership, growth and success in Northeast Ohio. Qualified companies are evaluated based on a number of criteria, including consistent growth over the last five years and a commitment to hard work and innovation. MediQuant is ranked at #31 for 2017.

MediQuant is known as an innovator in the healthcare field, having introduced the first active archiving software, DataArk®. For over fifteen years, our legacy system decommissioning software has been used in medical centers across the country, allowing institutions to maintain interoperable access to old data while realizing significant cost savings. In addition, MediQuant is an industry leader in medical necessity compliance. Our FirstComply® software and AccuRules® files contain the information needed to determine whether a procedure is likely to meet Medicare’s medical necessity guidelines.

Tony Paparella, President and Founder of MediQuant, is thrilled to share this award with the entire team!

On November 30th, members of the MediQuant family attended the Weatherhead 100 awards dinner at the downtown Cleveland Hilton to honor the winners and recognize their accomplishments.

MediQuant Conducts CHIME Focus Group

On October 5th, MediQuant was pleased to conduct a Focus Group with CHIME CIO members. The focus group was led by MediQuant’s Corporate Vice President of Sales and Marketing, Dave Lamar, and Vice President of Client Advocacy, Shelly Disser. Titled Data Stewardship & Incorporating Legacy Data Archiving into your MSO, the presenters sought to gain more information on the attendees’ legacy archiving expectations and experience.

The focus group began with attendees watching a video to illustrate the point that we focus on the things we believe are important and sometimes we miss other things that are equally important, if not more so. This led to a lively discussion of surprises attendees have encountered when attempting to decommission legacy systems. Other topics discussed included data retention policies, project planning, archiving tools, and the value of archiving.

Our thanks to everyone who participated in this enlightening session!

Shelly Disser

Dave Lamar

MediQuant Company Outing to Progressive Field

Over 150 MediQuant employees and family members gathered at Progressive Field last Thursday to watch the Cleveland Indians take on the Kansas City Royals in an historic game.  

On a night when the Indians extended their winning streak to an American League record-setting 22 games, MediQuant President Tony Paparella had the honor of throwing out a ceremonial first pitch.   

The evening started in the Corner Bar where the group enjoyed a meal of ballpark classics, then moved to the stands and 10 innings of incredible play.  What a night!