The integration of information technology and the healthcare revenue cycle took another step forward last week with NaviNet's acquisition of Prematics, giving the Cambridge, Mass.-based healthcare communications network a mobile care management platform.
NaviNet, which built its base on communications between healthcare payers and providers, is extending its reach farther into the clinical side with this acquisition, as well as its recent introduction of an electronic medical record and practice management solution. Company officials have said the incentives built into the American Recovery and Reinvestment Act are spurring the development of IT tools that connect clinical data with revenue cycle management tools to promote quicker, more effective collections and drive evidence-based clinical outcomes.
Prematics, based in McLean, Va., had built its business on electronic prescribing, and has expanded that platform to include chronic care management. The company's Prematics Care Communication product is designed to improve communication not only between doctors and their patients but with pharmacy benefit managers, retail pharmacies, health plans and other links in the healthcare chain, helping to promote patient adherence, formulary compliance, pay-for-performance clinical protocols and other drivers of clinical and financial outcomes.
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NaviNet officials said the acquisition will allow the company to integrate care management capabilities with office workflows to enable the delivery of clinical, administrative and financial information to physicians using handheld devices.
"NaviNet's acquisition of Prematics highlights our patient-centric approach to health information management, enhances our clinical product offerings and extends NaviNet from the desktop to the exam room. Doctors using handhelds will benefit from single-source access to integrated clinical, administrative and financial information from health plans, physicians and other sources of patient data," said Brad Waugh, president and CEO of NaviNet. "This acquisition is also a significant milestone in our vision to make NaviNet the premier platform for UPIM (unified patient information management) by expanding our offerings through acquisition, partnerships and organic product development."
"Prematics partnered with NaviNet earlier this year, recognizing our companies' tremendous synergies and the value for physicians in bringing to market an integrated solution for mobile care management," added Prematics President and CEO Kevin Hutchinson. "NaviNet's relationships with leading national, commercial and Blue plans and its dominant footprint in the physician practice market will bring the benefits of mobile clinical messaging and e-prescribing to an even larger audience, improving care and saving costs for even more physicians, health plans and patients across the country."
Once the deal is completed, physicians and clinicians using the NaviNet Network will be able to access clinical messaging and e-prescribing capabilities through NaviNet or a health plan that sponsors the technology. By next year, the mobile care management solutions will be integrated into NaviNet Insurer Connect, NaviNet EMR and NaviNet PM.