MedQuist Announces Strategic Partnership With Anthelio, Delivering Deep Value From Combined Services and Technology
October 03 2011 - 6:45AM
MedQuist Holdings Inc. (Nasdaq:MEDH), a leading provider of
integrated clinical documentation solutions for the U.S. healthcare
system, announced a strategic alliance with Anthelio Healthcare
Solutions Inc., the leading independent provider of comprehensive
healthcare information technology ("IT") services and business
process solutions for hospitals and other healthcare providers.
The partnership is aimed at easing the pressures the healthcare
industry is facing with the cost burdens of more than $300 billion
of annual administrative services by improving clinical
documentation initiatives, revenue cycle management and IT
efficiency. Both organizations have created integrated technology
and clinical documentation and business process solutions that
enhance the ability of caregivers to deliver outstanding patient
care and drive fiscal success.
Currently MedQuist has 11 Anthelio facilities under contract and
will provide clinical documentation services to an additional 13
Anthelio facilities as part of the new relationship. This will
standardize all of these customers on MedQuist technology and
services. MedQuist clinical documentation technology and services
will be immediately available to the entire Anthelio customer
base.
Additionally, MedQuist will make its voice-enabled Electronic
Health Record (EHR) solutions – Front-End Speech Recognition (FESR)
and Natural Language Understanding (NLU) solutions – available to
Anthelio clients to help them more rapidly adopt their EHRs and
accelerate Meaningful Use. As well, Anthelio will have the
additional opportunity to utilize MedQuist computer-assisted-coding
(CAC) and computer assisted abstracting (CAA) technology to support
their ICD-10 transition.
Through the partnership, MedQuist will also incorporate
Anthelio's Revenue Cycle Management and IT solutions into its
service portfolio. This includes such revenue cycle services as
ICD-10 Transition Services, A/R management, business office
management and patient access solutions.
"Capture and dissemination of the comprehensive patient story at
the point of care is critical to clinical decision making and
driving value from effective business process execution," said
MedQuist Holdings Chairman and CEO Vern Davenport. "Partnering with
Anthelio will help our joint clients realize efficiencies
throughout their organizations with the combination of our
innovative technology and services."
MedQuist has an extensive healthcare footprint with a client
base of more than 2,400 hospitals and clinics, 850 physician
practices and 165,000 physician users. Additionally, it has a broad
network of other business partners such as EHR and technology
vendors, along with medical transcription service organizations
(MTSOs). Combined, this ecosystem of clients and business partners
touches millions of patients every day, providing full value
through meaningful and actionable interactive clinical
documentation.
"The healthcare industry faces unprecedented operational and
technology challenges that create crippling administrative services
burdens and inefficiency for too many hospitals and health systems
in the U.S.," said Richard S. Garnick, Chief Executive Officer of
Anthelio. "This partnership will provide a comprehensive
platform to leverage technology, innovation and improved processes
to create new efficiencies in healthcare and help raise the
standard of care. We remain focused on finding new ways to
redefine the fundamental economics of the hospital system, and
believe our strategic partnership with MedQuist will help drive top
and bottom line results, and expand our offering to help hospitals
realize cost efficiencies and scale."
MedQuist
MedQuist is a leading provider of clinical narrative capture
services, Speech Understanding technology from M*Modal and clinical
documentation workflow. MedQuist's enterprise solutions – including
mobile voice capture devices, speech recognition, Web-based
workflow platforms and global network of medical editors – help
healthcare facilities facilitate adoption of electronic health
records (EHR), improve patient care, increase physician
satisfaction and lower operational costs. For more information,
please visit www.medquist.com.
About Anthelio
Anthelio is the largest independent provider of information
technology and business process services to hospitals, physician
practice groups and other healthcare providers. By provisioning
hospitals with comprehensive, high-quality, flexible and secure IT
services, Anthelio improves hospitals' healthcare services while
reducing costs and streamlining processes. It leverages knowledge
and expertise built over a decade of operations about clinical and
administrative IT processes and best practices to provide improved
IT and BPO services at lower costs to customers. Anthelio is
headquartered in Dallas, Texas. For additional information, visit
the company's website at http://www.antheliohealth.com/.
"Safe Harbor" Statement under the U.S. Private Securities
Litigation Reform Act of 1995: Statements in this press release
regarding MedQuist's business that are not historical facts are
"forward-looking statements" that involve risks and uncertainties.
Actual outcomes and results may differ materially from what is
expressed or forecasted in forward-looking statements. As a result,
forward-looking statements speak only as of the date they were
made, and the Company undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
CONTACT: Thomas Mitchell
Director of Marketing
615-798-6630
tmitchell@medquist.com
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