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Novarad Announces Expanded Strategic Direction and Names New President
Former Microsoft director Paul Jensen will lead company’s growth initiatives including Enterprise Imaging and Augmented Reality
Salt Lake City, UT—March 27, 2019—Novarad, a leader in the development of medical imaging software, announced today that it has appointed Paul Jensen as company president.
The hiring comes as the company implements a plan of strategic growth in innovation, development and implementation—building on its latest successes including deployment of its enterprise imaging system, Ncompass, at Cleveland Clinic’s Union Hospital, and its groundbreaking innovation in both augmented reality and pre-surgical planning, the OpenSight Augmented Reality System. OpenSight utilizes the Microsoft HoloLens and is the first solution of its kind to receive FDA clearance for pre-operative use.
“I am honored to lead this company at perhaps the most exciting time in its history. We’ve been innovating and integrating healthcare solutions from early development of one of the first PACS systems to our OpenSight augmented reality product,” Jensen said. “In the coming months we will be announcing a series of products and upgrades that will make healthcare facilities more cost-effective and efficient, benefitting providers and patients.”
Prior to leading Novarad, Jensen found success during 20 years of leadership at Microsoft. He brings over 25 years of experience in the global IT industry across finance, sales, marketing and business development. Jensen succeeds former president Tim Law in this leadership appointment effective immediately.
Those interested in learning more about Novarad and its many positive healthcare innovations may visit www.novarad.net or follow the company on Twitter, @NovaradCorp.
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Novarad enables healthcare providers to take control of their medical images through its full diagnostic suite. Ncompass Enterprise Imaging, along with user-configurable clinical workflow modules, gives facilities the solutions they need to accelerate the quality of care while assuring consistent and predictable costs. The innovative OpenSight augmented reality system overlays medical images directly onto the patient’s body in order to enable accurate registration for surgical planning. Novarad improves the practice of medicine by continually developing and refining our advanced imaging technologies to benefit providers and patients. Visit Novarad at www.novarad.net for more information.
Media Contact:
Kristi Alvarado, Media Relations Contact at Novarad | 801.642.1001 | [email protected]
Posted 3.27.2019 -
CynergisTek Expands Service Portfolio with Launch of 24/7 Managed Security Services
Additional Capabilities Added to Help Identify and Respond to the Increasing Volume and Severity of Security Alerts
Austin, TX —March 27, 2019 – CynergisTek, Inc., (NYSE AMERICAN: CTEK), a leader in healthcare cybersecurity, privacy, and compliance, today announced that it has added a new suite of Managed Security Services to its portfolio to assist organizations with monitoring, threat detection, incident response, and management of ongoing cybersecurity risks.
This new service will add proactive and comprehensive security monitoring of network devices, endpoints, and cloud and SaaS based environments such as Office 365, Okta, and Salesforce. Leveraging extensive healthcare industry knowledge, CynergisTek will tailor this service line to address the unique concerns and lack of security resources in healthcare, as well as provide visibility to threats in near real time. Managing all of the security technologies deployed in the average enterprise has become a daunting task for many and staying ahead of the threat actors by a wide enough margin to mitigate their impacts is considerably harder.
“Healthcare clients have expressed frustration with the fact that they don’t have adequate threat monitoring or the appropriate level of attention they need from their managed service provider,” said Mac McMillan, CEO of CynergisTek. “Service providers tend to be industry agnostic, target larger companies, and don’t have the experience or know how to tailor their support for healthcare. Many organizations still struggle with managing risk because they can’t optimize all of the security tools or simply don’t have the resources to monitor their outputs. Adding this service to our portfolio significantly enhances our ability to assist our clients with this challenge by providing real time 24/7 monitoring in support of their program.”
“We have developed multiple services as a trusted healthcare partner, so this was just a natural extension of our desire to help our clients identify and manage their security risks more effectively,” said Angela Rivera, EVP of Operations of CynergisTek. “We are especially excited to be able to provide an affordable alternative for the small and mid-market healthcare organizations who often cannot take advantage of this type of support for various reasons.”
About CynergisTek, Inc.
CynergisTek is a top-ranked cybersecurity firm dedicated to serving the information assurance needs of the healthcare industry. CynergisTek offers specialized services and solutions to help organizations achieve privacy, security, and compliance goals. Since 2004, the company has served as a partner to hundreds of healthcare organizations and is dedicated to supporting and educating the industry by contributing to relevant industry associations. The company has been named in numerous research reports as one of the top firms that provider organizations turn to for privacy and security and won the 2017 Best in KLAS award for Cyber Security Advisory Services.
Forward-Looking Statements
This release contains certain forward-looking statements relating to the business of CynergisTek that can be identified by the use of forward-looking terminology such as “believes,” “expects,” “anticipates,” “may” or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including uncertainties relating to product/service development, long and uncertain sales cycles, the ability to obtain or maintain patent or other proprietary intellectual property protection, market acceptance, future capital requirements, competition from other providers, the ability of our vendors to continue supplying the company with equipment, parts, supplies and services at comparable terms and prices and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our Form 10-K and Form 10-Q filings with the Securities and Exchange Commission, which are available at http://www.sec.gov. CynergisTek is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
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CynergisTek Investor Relations Contact:
CynergisTek, Inc.
Bryan Flynn
(512) 402-8550 x8
[email protected]CynergisTek Media Contact:
Aria Marketing
Danielle Johns
(617) 332-9999 x241
[email protected]Posted 3.27.2019 -
CHIME and AISIS Open Chapter in Italy, Marking a First for Europe
ANN ARBOR, MI, March 27, 2019 – The College of Healthcare Information Management Executives (CHIME) and Associazione Italiana Sistemi Informativi in Sanita (AISIS) announced today that they have opened a CHIME chapter in Italy. This is the first CHIME chapter to be launched in Europe and the second international chapter to be established under CHIME.
“It is wonderful to be able to collaborate with AISIS and give healthcare IT leaders in Italy the opportunity to connect with CHIME members around the world,” said Russell Branzell, President and CEO of CHIME. “Learning together and sharing best practices lets us focus on innovations that are truly transforming health and care, and then implement them widely so many people around the world can benefit.”
“We believe the Italian healthcare system will truly benefit from the AISIS-CHIME journey starting today. Since we first met with Russ in 2018, it was apparent to us that to be part of a worldwide network, with international training and learning opportunities and the possibility to share experiences with colleagues from other countries, was a vital step for AISIS members in the complex and challenging environment of digital health in Italy,” stated Giuliano Pozza, President of AISIS.
CHIME is a membership-based organization serving more than 2,800 chief information officers (CIOs) and senior healthcare executives in 51 countries. CHIME offers online and in-person educational and networking opportunities as well as accreditation through a domestic and international CHIME Certified Healthcare CIO (CHCIO) program. AISIS has more than 500 members ranging from CIOs to non-technical e-leaders who participate in professional development and training programs through AISIS. The chapter partnership will allow AISIS and CHIME to promote and deliver CHIME’s educational and accreditation services across Italy.
CHIME and AISIS signed a letter of intent to form the chapter in late 2018. Since then, CHIME has signed letters of intent with organizations in Canada, the UK, Ireland and in German-speaking communities in Austria, Belgium, Germany, Liechtenstein, Luxembourg and Switzerland. In 2017, CHIME opened its first international chapter with the launch of CHIME India.
About CHIME
The College of Healthcare Information Management Executives (CHIME) is an executive organization dedicated to serving chief information officers (CIOs), chief medical information officers (CMIOs), chief nursing information officers (CNIOs) and other senior healthcare IT leaders. With more than 2,800 members in 51 countries and over 150 healthcare IT business partners and professional services firms, CHIME provides a highly interactive, trusted environment enabling senior professional and industry leaders to collaborate; exchange best practices; address professional development needs; and advocate the effective use of information management to improve the health and care in the communities they serve. For more information, please visit chimecentral.org.
About AISIS
The Italian organization of healthcare information systems managers (AISIS) was founded in 2003 to promote the development of IT professionals and the strategic role of Information Technology in healthcare. It currently has over 500 members ranging from CIOs to non-technical e-Leaders. AISIS organizes events, training courses (AISIS eHealth Academy), research programs (eHealthLab) and is also active in the promotion of a social and philanthropic approach to healthcare IT (AISIS4Social). AISIS operates in association with other national and international organizations. For more information, please visit www.aisis.it.
Contact
Candace Stuart
Director of Communications and Public Relations, CHIME
734.665.0000
[email protected]Posted 3.27.2019 -
Health Catalyst Receives Top Marks for Healthcare Analytics in Chilmark Research Report
Salt Lake City, UT – March 27, 2019 – Health Catalyst, Inc. a leader in next-generation data, analytics, and decision support, leads the healthcare analytics market in product capabilities and market execution, according to the Chilmark 2019 Healthcare Provider Analytics Market Trends Report, released this month.
The comprehensive report profiled 23 companies in three categories: EHR vendors (Allscripts, athenahealth, Cerner, eCW, Epic, Meditech, NextGen); Independent vendors (Arcadia, CareEvolution, Change Healthcare, Forward Health Group, Health Catalyst, IBM Watson Health, Innovaccer, Lightbeam, MedeAnalytics, Medecision, Philips, SCIO-EXL, Spectramedix, SPH Analytics); and claims analytics vendors (Arcadia, CareEvolution, Change Healthcare, IBM Watson Health, MedeAnalytics, Medecision, Optum, SCIO-EXL).
Health Catalyst was one of only two vendors to earn an “A” in both of the report’s measured categories — “product capabilities” and “market execution.” Vendors’ product capabilities were graded based on their ability to satisfy 17 measures of analytics functionality, ranging from the scope of their applications to their support for analysts and developers. Companies were also assigned a grade for market execution, measured by their success in delivering “market vision, extensibility and engagement, complimentary services, and market momentum.”
Overall, Chilmark found that Health Catalyst’s analytics applications “for hospitals and health systems are a strong and stronger alternative to the offerings of the hospital EHR vendors.” Moreover, Health Catalyst “is moving more quickly than other vendors to make AI and (machine learning) both relevant and usable for rank and file healthcare developers,” the report said.
“Healthcare organizations today are challenged to understand which companies are best-positioned to enable their success across a variety of analytics-enabled initiatives, including clinical, financial, and operational priorities,” said Health Catalyst CEO Dan Burton. “Chilmark’s market research is a helpful aid in this regard, and we are excited to be recognized as a leader among the analytics firms profiled. Health Catalyst’s data platform, analytics application suites, and professional services expertise have supported our clients’ efforts to achieve measurable clinical, financial and operational improvement. We continue to be centrally focused on helping our clients achieve this measurable improvement.”
Democratizing AI; driving analytics into workflow
In determining Health Catalyst’s product capability grade, Chilmark applauded the company for rolling out a number of recent enhancements to its core Data Operating System (DOS™). Recent product enhancements noted in the report include the ability to develop and publish AI-based models in DOS for reuse or modification for new purposes, “lowering the skill barrier to the use of AI.” The report also highlighted three recently released new analytics applications: Population Builder, which “enables users, including non-technical users, to create, manage and publish patient/member cohorts and registries that can be used and reused by DOS applications,”; the Patient Safety Surveillance System, which leverages natural language processing (NLP) and predictive analytics “to identify patients at greatest risk for an adverse event,”: and Leading Wisely, which provides “a user-configurable set of clinical quality dashboards with benchmarks that also supports notifications.”
Chilmark also noted Health Catalyst’s ability to embed the output of analytics applications directly into workflow applications such as the EHR.
In determining Health Catalyst’s market execution grade, Chilmark highlighted the company’s practice of incenting its sales team based on customers’ ability to generate measureable outcomes using its products and services. The report also called out Health Catalyst’s recent launch of a new Life Sciences division, and its market expansion beyond provider and payer organizations into serving employer-facing primary care providers.
The Chilmark 2019 Healthcare Provider Analytics Market Trends Report is available at https://www.chilmarkresearch.com/chilmark_report/2019-healthcare-provider-analytics-market-trends-report/
About Health Catalyst
Health Catalyst is a next-generation data, analytics, and decision-support company, committed to being a catalyst for massive, sustained improvements in healthcare outcomes. We are the leaders in a new era of advanced predictive analytics for population health and value-based care with a suite of machine learning-driven solutions, decades of outcomes improvement expertise, and an unparalleled ability to unleash and integrate data from across the healthcare ecosystem. Our Health Catalyst Data Operating System (DOS™)—a next-generation data warehouse and application development platform powered by data from more than 100 million patients, and encompassing over 1 trillion facts—helps improve quality, add efficiency and lower costs for organizations ranging from the largest US health system to forward-thinking physician practices. Our technology and professional services can help you keep patients engaged and healthy in their homes, communities, and workplaces, and we can help you optimize care delivery to those patients when it becomes necessary. We are grateful to be recognized by Fortune, Gallup, Glassdoor, Modern Healthcare and a host of others as a Best Place to Work in technology and healthcare. Visit www.healthcatalyst.com and follow us on Twitter, LinkedIn and Facebook.
For more information contact:
Todd Stein
Amendola Communications
510-417-0612
[email protected]Posted 3.27.2019 -
Spok Improves Care Team Communication at Vail Health
Community health system expands use of Spok Care Connect® across its medical centers and clinics
“A huge benefit we have seen is that clinicians can act faster because Spok delivers the information they need, when they need it,” said Darrell Messersmith, chief medical information officer and chief information officer at Vail Health. “We have been able to consolidate disparate systems into a single system of action, which has ultimately improved patient care.”
Vail Health’s team has worked closely with Spok as a member of the Spok innovation partner alliance. The healthcare system made significant contributions to the development of the next evolution of Spok Care Connect, which Spok recently announced as the first-of-its-kind cloud-native enterprise communication platform.
“Vail Health is taking care team collaboration to the next level,” said Hemant Goel, president of Spok, Inc. “We are honored to join in their quest toward better patient outcomes and satisfaction, and look forward to continuing to work together to improve the way care is delivered.”
See how Vail Health has transformed clinical communication with Spok in this case study video.
About Vail Health
Vail Health is a nonprofit community health care system with 12 locations across Eagle and Summit counties. Vail Health offers a 56-bed hospital, 24/7 emergency care, helipad, urgent care clinics, cancer care, breast centers, cardiovascular services, surgery, childbirth, physical therapy, internal medicine, endocrinology and more. Locally operated and governed by a volunteer board of directors, Vail Health invested $20 million back into the community last year. Through the years, give-back dollars have benefited charity care; events and outreach efforts, including health fairs, high school physicals, blood drives and free speaker series; programs like ThinkFirst and Camp 911; and financially supporting groups like Starting Hearts, Mind Springs Health, Castle Peak Senior Care, HomeCare & Hospice of the Valley, Mountain Family Health, Steadman Philippon Research Institute, Vail-Summit Orthopaedic Foundation, Eagle County Schools and EFEC. For more information, visit www.vailhealth.org.About Spok
Spok, Inc., a wholly owned subsidiary of Spok Holdings, Inc. (NASDAQ: SPOK), headquartered in Springfield, Virginia, is proud to be a global leader in healthcare communications. We deliver clinical information to care teams when and where it matters most to improve patient outcomes. Top hospitals rely on the Spok Care Connect® platform to enhance workflows for clinicians, support administrative compliance, and provide a better experience for patients. Our customers send over 100 million messages each month through their Spok® solutions. Spok is making care collaboration easier. For more information, visit spok.com or follow @spoktweets on Twitter.Spok is a trademark of Spok Holdings, Inc. Spok Care Connect is a trademark of Spok, Inc.
Contacts
Jill Asby
+1 (952) 230-5363
[email protected]Posted 3.26.2019 -
Cleveland Clinic Union Hospital selects Novarad for enterprise imaging, specialized image management
Ncompass Enterprise Imaging, SnapView mobile application implemented at Cleveland Clinic hospital
DOVER, OH – March 25, 2019 – Cleveland Clinic Union Hospital (CCUH) selected Novarad, a leader in the development of medical imaging software, to provide its facility with its Ncompass Enterprise Imaging® System and specialized image management of both DICOM and non-DICOM with the company’s SnapView® mobile app.
Novarad’s Ncompass Enterprise Imaging system also comes with a guaranteed Total Cost of Ownership (TCO), which makes the planning process that much easier on both the hospital’s current budget and on its financial outlook years down the road.
“Software has become a major player here. A physician wants to see the story brought together, to see the patient as a whole. They don’t want to see radiology and then have to look somewhere else for a mammography,” said Jacqui Bianchi, IS Application Manager with CCUH. “What Novarad has given us is the ability to look at all these different images together, not just from the current stay, but from past stays as well. In this industry, with every healthcare dollar being scrutinized, we’re spending our dollars wisely.”
The hospital is also using Novarad’s SnapView image management app, which enables clinicians to securely collect non-DICOM images in departments such as wound care, ED, ophthalmology and dermatology. By using supported iOS, Android and Windows mobile devices, images are transferred directly to the archive without leaving behind any PHI on the device.
“The enterprise imaging solution offers a great ROI because you won’t be pursuing three or four different solutions. It can all be managed from our servers here – one server, one vendor, one solution, one interface,” explained David Baumgardner, CIO at CCUH.
The hospital is acclaimed for its successes in information security and technological sophistication, having earned multiple special recognitions in recent years. This recognition includes consecutive years on Becker’s Hospital Review’s 100 Great Community Hospitals list. The hospital has also achieved certification as a Primary Stroke Center and has been designated a Breast Imaging Center of Excellence by the American College of Radiology (ACR).
Novarad offers PACS, RIS, cardiology, orthopaedic, and mammography systems and has more than 1000 installations worldwide. To learn more about Novarad, follow the company on Twitter @NovaradCorp, or visit www.novarad.net.
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Novarad enables healthcare providers to take control of their medical images through its full diagnostic suite. Ncompass Enterprise Imaging, along with user-configurable clinical workflow modules, gives facilities the solutions they need to accelerate the quality of care while assuring consistent and predictable costs. The innovative OpenSight augmented reality system overlays medical images directly onto the patient’s body in order to enable accurate registration for surgical planning. Novarad improves the practice of medicine by continually developing and refining our advanced imaging technologies to benefit providers and patients. Visit Novarad.net to learn more.
Media Contact:
Kristi Alvarado, Media Relations Contact at Novarad | 801.642.1001 | [email protected]
Posted 3.25.2019 -
News of Note
3.21.2019
Candace Stuart – Director, Communications & Public Relations
Here is a roundup from CHIME of recent news and upcoming events: U.S. Rep. Bill Johnson, a former CIO, will give a keynote presentation at the upcoming CHIME Advocacy Summit; the Debrief newsletter is now available in an audio format; clock is ticking to submit proposals for CHIME19.
Former CIO and U.S. Rep. Bill Johnson to give summit keynote: U.S. Rep. Bill Johnson will be a keynote speaker at the second annual CHIME Advocacy Summit on June 26-28 in Washington, D.C. A retired lieutenant colonel in the U.S. Air Force, he served as director of the Air Force’s Chief Information Officer Staff at U.S. Special Operations Command. You can learn more about the summit and register here.
Debrief now available in an audio format: CHIME has added another benefit for members who want a policy update but don’t have the time to read the weekly Debrief. Members can now get the latest summary provided by CHIME’s public policy team by going onto CHIME’s media page. You can check it out here (sign-in required). Want to link over to a document mentioned in the report? No problem. You an access the full Debrief with links on the media page.
Clock is ticking to submit proposals for CHIME19: Time is running out for CHIME members and CHIME Foundation members to submit proposals for 2019 CHIME Fall CIO Forum track sessions and Leadership from the Edge. Sixteen track session proposals and three Leadership from the Edge presentations will be selected for the 2019 CHIME Fall CIO Forum in Phoenix.
Read More Inside CHIME:
Posted 3.21.2019 -
CHIME Foundation Directory Connects Members to Industry Partners
3.21.2019
Chris Hargrett, Associate, CHIME Foundation
Arika Lycan, Specialist, CHIME Foundation
CHIME Foundation announced on Monday that the CHIME Foundation Directory, a resource available to all CHIME members, is now available for use on the CHIME website (log-in required). The Foundation Directory is a tool that provides the information needed to connect, build and maintain relationships with CHIME Foundation partners.
The CHIME Foundation is comprised of over 165 Foundation partners, and each one has its own approach to work in the healthcare IT sector, its own special products, services, supports, technology suites and platforms, providing solutions across a spectrum of focus areas. The Foundation Directory is meant to help CHIME CIOs navigate the CHIME Foundation membership in an easier, more interactive manner.
Each company has a member profile, containing the firm’s primary contact and their information – address, telephone number, email address, etc. – a company description and the solution (types of services) offered. In addition, there are several Foundation partners listing discounts and other special offerings.
Members will have the ability to search for Foundation partners by their organization name through alphabetic listing, solutions or key terms.
Now available online, the Foundation Directory is designed to make connections between CIOs and Foundation partners easier and more accessible, enabling exceptional leaders from both sides to work together to transform health and care.
The CHIME Foundation Directory it is located under the Members Resource tab.
Click here to view the CHIME Foundation Directory.
Read More Inside CHIME:
Posted 3.21.2019 -
Most Wired: What’s New and How to Get a Jump Start
03.21.2019
Michelle Patterson – VP, Operations
The 2019 CHIME Most Wired survey will be open in early April but participants can get a jump on the process this month. Here is an update on available resources and new features.
The CHIME Governing Board has updated the survey to include questions that reflect current best practices and capture the use of innovative emerging and advanced technologies. CHIME will post a high-level overview that compares last year’s survey questions to this year’s lineup. Hospitals and health systems that know they want to participate, or those that want to explore the possibility, can access a PDF on the Most Wired homepage.
CHIME is expanding Most Wired in 2019 by increasing international outreach efforts to bring in more hospitals and health system outside the U.S. and including a separate survey for ambulatory healthcare organizations. Last year, CHIME’s Most Wired team received 647 submissions representing 2,190 hospitals in nine countries. Of those, 254 qualified for a Most Wired title.
The survey will remain open for two months. Similar to last year, CHIME will provide each participant with a benchmarking report based on their responses that shows them where they excelled and where they could improve. We again will publish a free industry trends report based on the overall results and a special supplement in Modern Healthcare that announces the Most Wired recipients.
One change from last year: We expect to announce the names of healthcare organizations that qualified for recognition well before the Most Wired celebration at the CHIME Fall CIO Forum, which be Nov. 3-6 in Phoenix. We will announce the exact dates for the celebration as well as a likely Sunrise Session to share findings from the industry report closer to the event. CHIME also is offering sponsorship opportunities to Foundation firms with co-branding and thought leadership benefits that carry throughout the year.
Thank you to our many members who participated in the 2018 survey and who gave us valuable feedback to make 2019’s program even better. More information about the 2019 Most Wired program is available here. Sponsorship packages can be found here. If you have any questions about this year’s survey, or need assistance in anyway, please reach out to us at [email protected], or call us at 734-665-0000.
Read More Inside CHIME:
Posted 3.21.2019 -
CynergisTek, Inc. Sells Managed Print Services Business to Vereco, LLC for $30 Million
Deal Allows CynergisTek to Become Pure Play Cybersecurity Company
Austin, TX — March 20, 2019 – CynergisTek, Inc., (NYSE AMERICAN: CTEK), a leader in healthcare cybersecurity, privacy, and compliance, today announced that it has closed a transaction to sell the assets used in its Managed Print Services (MPS) business division for $30 million to Vereco, LLC, a leading independent provider of healthcare document services. CynergisTek management believes that this transaction will enable CynergisTek to prioritize its core cybersecurity and privacy services.
Under the asset sale agreement, all operations and assets of CynergisTek’s MPS business division were transferred to Vereco. CynergisTek will continue to operate its business division of cybersecurity, privacy, and compliance management consulting. Subject to the terms and conditions of the agreement, the total consideration to CynergisTek is $30 million, of which $1.5 million is subject to future sales activity of the MPS business. CynergisTek’s use of the proceeds will include paying down a majority of its existing debt, which will allow more flexibility to grow the cybersecurity and privacy business. CynergisTek and Vereco also entered into a strategic relationship that will allow CynergisTek to provide cybersecurity assessments and managed services to Vereco’s current and future clients, and also allow Vereco to provide managed print services to current and future clients of CynergisTek.
CynergisTek anticipates that this transaction will allow CynergisTek to strengthen its balance sheet, allowing it to focus on expanding its cybersecurity and privacy services and product offerings, and enabling it to launch these services into other industries. Management believes that the transaction also opens up potential opportunities for mergers and acquisitions that would take advantage of the growing demand for cybersecurity services in the marketplace.
“We believe this sale will allow CynergisTek to more effectively drive towards our strategic focus of growth in our cybersecurity and privacy business, improve our financial condition through the reduction of debt and increase our agility as a company overall,” said Mac McMillan, CEO of CynergisTek. “At the same time, we are entrusting our managed print customers to a high-quality leading healthcare document services business and will be working to ensure a quick and smooth transition for all customers.”
“Our acquisition of CynergisTek’s MPS business is a win for all,” said Vereco CEO Joe Flynn. “CynergisTek is able to focus on its award-winning cybersecurity business, and we’re able to extend the reach and value of our distinctive approach to healthcare document services. We’re excited by the prospect of bringing the benefits of our enhanced organization to our current and future clients.”
More information about the transaction will be available in a Current Report on Form 8-K, which will be filed within four business days of the closing of the transaction, as well as on CynergisTek’s Fourth Quarter and Full Year 2018 earnings call, to be held on March 28, 2019.
About CynergisTek, Inc.
CynergisTek is a top-ranked cybersecurity, privacy, and compliance management consulting firm dedicated to serving the healthcare industry. CynergisTek offers specialized services and solutions to help organizations achieve privacy, security, and compliance goals. Since 2004, the company has served as a partner to hundreds of healthcare organizations and is dedicated to supporting and educating the industry by contributing to relevant industry associations. The company has been named in numerous research reports as one of the top firms that provider organizations turn to for privacy and security and won the 2017 Best in KLAS award for Cyber Security Advisory Services.
Forward-Looking Statements
This release contains certain forward-looking statements relating to the business of CynergisTek that can be identified by the use of forward-looking terminology such as “believes,” “expects,” “anticipates,” “may” or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including uncertainties relating to product/service development, long and uncertain sales cycles, the ability to obtain or maintain patent or other proprietary intellectual property protection, market acceptance, future capital requirements, competition from other providers, the ability of our vendors to continue supplying the company with equipment, parts, supplies and services at comparable terms and prices and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our Form 10-K and Form 10-Q filings with the Securities and Exchange Commission, which are available at http://www.sec.gov. CynergisTek is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
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Investor Relations Contact:
CynergisTek, Inc.
Bryan Flynn
(512) 402-8550 x8
[email protected]Media Contact:
Aria Marketing
Danielle Johns
(617) 332-9999 x241
[email protected]Posted 3.20.2019 -
Stoltenberg Consulting’s Health IT Industry Outlook Survey reveals six key leadership trends for 2019
PITTSBURGH, PA – March 20, 2019 – In the seventh annual Health IT Industry Outlook Survey conducted by Stoltenberg Consulting Inc., a leading healthcare information technology consulting firm, 42 percent of health IT leaders rate updating technology to improve the patient experience as the top objective for 2019, followed by measuring improvement in patient care (33 percent).
Coinciding with this pivotal focus on empowering the patient care journey, 45 percent of respondents identify value-based care as the most significant, pressing topic in healthcare this year, followed by artificial intelligence (26 percent) and cybersecurity (20 percent). Meanwhile, leveraging meaningful patient data (32 percent) serves as the largest overall hurdle for health IT teams in 2019, followed closely by ineffective IT or EHR operations (29 percent).
In the push to gain true value in value-based care initiatives, lack of system interoperability stands as the biggest operational burden for healthcare organizations (54 percent), followed by rising overhead and staff costs (17 percent), financial reimbursements (15 percent) and EHR burnout or reporting burden (14 percent).
“Thanks to the continuing industry push for healthcare interoperability, significant progress is starting to come to fruition,” said Dan O’Connor, vice president of client relations at Stoltenberg Consulting. “We’re now seeing a clearer picture of how different players across the care spectrum will be held accountable to drive more transparent, engaged patient care journeys, which in turn will help healthcare providers meet their organizational goals.”
Other key survey findings indicate that despite nearly universal initial adoption across the country, EHR and application implementation support (34 percent) remains the top 2019 IT outsourcing request, followed by optimization work (27 percent), legacy system support (22 percent) and help desk support (17 percent). Yet, with current IT training offered, 63 percent of respondents say they feel “unprepared” or “very unprepared” to manage and execute effective IT operations within their healthcare facilities.
Stoltenberg conducted the survey at the 2019 Health Information and Management Systems Society (HIMSS) annual conference in Orlando. More than 300 survey participants represented a comprehensive spectrum of provider facilities, including health systems, standalone hospitals, physician practices and other ambulatory care facilities. Clinical IT professionals led survey participation (38 percent), while executive/C-suite leaders followed closely behind (36 percent).
For a complete look at the 2019 survey results and analysis, visit http://www.stoltenberg.com.
About Stoltenberg Consulting
Pittsburgh-based Stoltenberg Consulting, Inc., delivers innovative 2018 Best in KLAS Flexsourcing and legacy support programs for hospitals to improve patient engagement, decrease physician burnout, enhance EHR end-user adoption and trim IT support costs. Enabling a holistic approach, Stoltenberg’s healthcare information technology and business consulting services span strategic IT advisory support, project management, implementation support, and revenue cycle optimization with measurable results for value-based care. Averaging 15 years of experience, Stoltenberg consultants are skilled in both financial and clinical systems with best practice expertise for Cerner Millennium, Cerner Soarian, Epic, MEDITECH, NextGen, Allscripts and McKesson customersMedia Contact
Savannah Matthews
[email protected]Posted 3.20.2019 -
2019 Health Care Industry Reports Reveal How Technology Adoption Impacts Medication Access
Updated data shows that adoption of health tech solutions among providers contributes to faster time to therapy for patients and decreased administrative burden
COLUMBUS, OH – March 20, 2019 – According to the newly-released ePA National Adoption Scorecard and the Real-Time Benefit Check National Adoption Scorecard, most EHRs, health systems, payers and pharmacies have committed to electronic prior authorization (ePA) and real-time benefit check solutions; however, attaining patient-benefit from these platforms relies on broader provider utilization.
While CoverMyMeds captures an average of 90 percent of ePA volume across the industry1 and its RxBenefit Clarity™ solution has achieved the highest provider utilization rate of real-time benefit check, the reports illustrate that widespread provider adoption will deliver even more value to patients awaiting treatment.
The new reports reveal that when ePA and real-time benefit check solutions are implemented well and adopted by providers, they can achieve the following:
- Faster turnaround times: 62 percent of prior authorization (PA) requests submitted electronically receive a determination in less than two hours, compared to 0 percent of PA requests completed via the traditional phone and fax method.2
- Improved dispense rate: Electronic prior authorization solutions can lead to an 80 percent higher dispense rate and three percent greater likelihood that patients pick up their medications due to the faster turnaround times on PA determinations, compared to PA requests completed via the traditional phone and fax method.2
- Increased adherence: Real-time benefit check solutions that deliver at least 97 percent accuracy for prescription cost information at the point of prescribing can lead to a nearly 20 percent increase in medication adherence.3
The reports also reveal areas for improvement:
- Complete provider adoption: Despite widespread availability of ePA solutions, provider adoption lags behind, with 47.5 percent of PA requests occurring through ePA.2 Of those that submit PA requests electronically, the majority use CoverMyMeds.1
- Provider trust in data: Among a survey of 1,300 providers, the average trust factor in the accuracy of real-time benefit check solutions that rely solely on existing formulary and benefit information is only 5.7 out of 10.4
- Implementation of provider-centric functionality: Only recently have real-time benefit check solutions emerged that deliver patient pay details at the point of prescribing. While EHR availability is currently at 73 percent and payer availability is at 81 percent, in order for provider adoption of real-time benefit check to increase, solutions must deliver the elements providers say are most important: cash price, patient assistance programs, PA requirements and medication alternatives.4
“As both of these industry reports highlight, having accurate visibility into prescription cost and prior authorization requirements within workflow helps combat common medication access barriers and helps patients get on therapy faster,” said Melissa Paige, Patient Access Principal Coordinator at University of Virginia Health System. “This is especially important for some of the most vulnerable patients who lack reliable transportation and cannot make multiple trips to the pharmacy if their medication is denied or too expensive to afford during their initial visit. If we miss our window on the patient’s first trip to the pharmacy, they may not come back to fill their prescription.”
The reports are published by CoverMyMeds, part of McKesson Prescription Technology Solutions, with an advisory board of leaders from The American Medical Association, athenahealth, BestRx, Blue Cross Blue Shield of North Carolina, Cardinal Health, Cerner, eMDs, Express Scripts, Horizon Government Affairs, Humana, National Alliance of State Pharmacy Associations, National Council of Prescription Drug Programs, OptumRx, RelayHealth Pharmacy Solutions, United States Public Health Service and University of Virginia Health System.
Click here to download the 2019 ePA National Adoption Scorecard. Click here to download the 2018 Real-Time Benefit Check National Adoption Scorecard.
1. CoverMyMeds Data on File, 2018
2. 2019 ePA National Adoption Scorecard
3. CoverMyMeds Case Study: Improving Prescription Decision Support with RxBenefit Clarity™, 2019
4. 2018 Real-Time Benefit Check National Adoption ScorecardAbout CoverMyMeds
CoverMyMeds, part of McKesson Prescription Technology Solutions, is one of the fastest growing health care technology companies in the U.S. and consistently recognized as one of the best places to work in the country. CoverMyMeds’ solutions help patients get the medications they need to be healthy by seamlessly connecting the health care network to improve medication access; thereby increasing speed to therapy and reducing prescription abandonment. CoverMyMeds’ network includes more than 500 electronic health record systems (EHRs), 60,000 pharmacies, 700,000 providers and most health plans and PBMs. By facilitating appropriate access to medications, the company can help its customers avoid billions of dollars each year in administrative waste and avoidable medical spending caused by prescription abandonment. Visit www.covermymeds.com for more information.
Media Contact
Angela Masciarelli
614-360-1735
[email protected]Posted 3.20.2019