Combined Company to Drive Development of Better-Connected Health Care Communities
EDEN PRAIRIE, Minn. & SAN JOSE, Calif.--(BUSINESS WIRE)-- Ingenix, a leading health information technology and services company, today announced it is acquiring Axolotl, a leading provider of health information exchange (HIE) services. The combined company will enable health information to be shared effectively and securely for the benefit of patients and health care professionals. The Axolotl management team will remain in place and will lead Ingenix’s efforts in health care community connectivity.
HIEs are a critical component of realizing the promise of health care modernization and reform. Currently, exchanging health records, data and information is often paper-based and lags behind the 21st century technologies routinely used in other industries. HIEs allow health information and clinical expertise to be shared as directed by patients in a secure environment among physicians, hospitals, labs and radiology centers at the local, regional and state level. HIEs also enhance clinical decision-making to enable more effective and efficient care for patients.
“HIEs are bringing us closer to the point where all the health care professionals patients select to oversee their care can connect to share information and optimize outcomes,” said Andy Slavitt, chief executive officer of Ingenix. “We will work with Axolotl to continue to meet the needs of multiple HIE stakeholders and to expand its technologies that serve health care communities.”
“This is a combination of two innovative, creative workforces that share a passion for making health care work better, and it comes at an important moment for HIE development,” said Ray Scott, chief executive officer of Axolotl. “Ingenix will enable us to accelerate our growth and help us continue to deploy our leading secure health information technology.”
Axolotl develops and implements HIE solutions for states, communities, hospitals and health systems. Ingenix brings decision-support capabilities that can be combined with an HIE solution to further enhance health outcomes and improve efficiencies.
Ingenix currently provides health information technology and consulting solutions to over 240,000 physicians and nearly 6,000 hospitals. Ingenix also serves multiple state and federal government agencies and health care payers with solutions, including decision support, care management, data warehousing, revenue cycle management, and with consulting on health and human services policy and program implementation.
Ingenix and Axolotl both offer solutions that are interoperable with multiple health information solutions. Axolotl’s Elysium® Exchange solutions are used by nearly 30,000 physicians, 100,000 health care professionals, over 200 hospitals, 20 Regional Health Information Organizations (RHIOs), and four statewide HIEs – touching the lives of more than 35 million patients.
Recent U.S. government stimulus funding has put greater national attention and resources behind developing HIEs. The American Recovery and Reinvestment Act of 2009 (ARRA) provides $783 million in near-term direct funding for the implementation of statewide and community HIEs and $36.5 billion in incentives for hospitals and physicians to promote implementation and utilization of interoperable electronic medical record (EMR) systems. Axolotl’s HIE solutions provide the clinical networking capability to support ARRA interoperability standards and assist hospitals and physicians in meeting “meaningful use” requirements across a variety of health information and electronic health record systems.
Ingenix transforms organizations and improves health care through information and technology. Organizations rely on its innovative products, services and consulting to improve the delivery and operations of their business.
Founded in 1995, Axolotl is a leading provider of browser-based products and services for secure health information exchange and management. Its Elysium® suite of solutions enables health care providers to instantly share information, reduce costs, and improve quality and efficiency.
Kyle Christensen, 952-833-7446
KEYWORDS: United States North America California Minnesota
INDUSTRY KEYWORDS: Technology Data Management Networks Software Practice Management Health Hospitals Managed Care