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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

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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

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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.”

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MediQuant President Co-Presents CHIME College LIVE Webinar

Tony Paparella

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

Shelly Disser

Dave Lamar

Dave Lamar

MediQuant Company Outing to Progressive Field

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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!

Release the Chains: MediQuant CEO Podcast from HIMSS15

Tony was interviewed by Joe Lavelle of CTGHS at HIMSS 15. In this podcast Tony discusses "how one University-based organization moved off their mainframe-based legacy patient accounting system in 120 days!". He discusses the challenges of migrating data from legacy systems to new systems while needing to be functional throughout the process and how DataArk fits into this equation.