ACS, A Xerox Company, has acquired CredenceHealth, Inc. – a provider of software that captures and analyzes patient data – helping healthcare providers improve patient care and meet meaningful use requirements.
Coupling CredenceHealth’s clinical surveillance tools with ACS’ core suite of managed care solutions, the company will offer MIDAS+Live, a cloud solution that integrates with a hospital’s Electronic Medical Record system and actively monitors patient data, providing caregivers real-time information.
ACS, A Xerox Company, to Acquire CredenceHealth, Inc.; Adds Cloud-Based Solution to Help Healthcare Providers Enhance Quality of Care
DALLAS, March 21, 2011 – Affiliated Computer Services, Inc. (ACS), A Xerox Company (NYSE: XRX), today announced a definitive agreement to acquire CredenceHealth, Inc., creating a simple way for healthcare providers to use patient information to predict and prevent complications.
Nashville, Tenn.-based CredenceHealth provides software that captures and analyzes patient data to assist hospitals, health plans, and providers improve quality of care and compliance with meaningful use regulations.
By integrating CredenceHealth’s clinical surveillance tools with ACS’ core suite of managed care solutions under the Midas software brand, ACS will now offer a cloud-based solution that actively monitors patient data – original diagnosis, laboratory and radiology reports, medications, vital signs, etc. This data is accessible to hospital staff from any Internet browser using a secure password-protected system.
The new solution, named Midas+ Live, works with a hospital’s Electronic Medical Record (EMR) system, and alerts caregivers when any of thousands of possible changes in a patient’s condition happen simultaneously – such as an increase in temperature or low blood pressure, combined with various lab and radiology results. This information can then be used to inform the caregiver prior to a decline in the patient’s condition.
“Through our advanced technology that analyzes the insights found inside the massive amounts of information regarding a patient’s condition, we’re giving healthcare providers real-time relevant knowledge so they can better focus on giving patients the care they need,” said Tom Simas, managing director for ACS’ Midas+ solutions.
The CredenceHealth software-as-a-service offering is certified by the Office of the National Coordinator as a clinical quality measures reporting module for meaningful use. Therefore, providers using Midas+ Live will be eligible for stimulus dollars from the HITECH and American Recovery and Reinvestment Act.
“We have experienced great gains in quality outcomes and efficiencies since adding CredenceHealth’s tools to our organization. Our colleagues benefit from having this information and intelligence at their fingertips,” said Scott Raynes, president and CEO, NorthCrest Medical Center in Springfield, Tenn. “The addition of CredenceHealth to our existing ACS Midas+ processes and products creates a powerful combination, helping us accomplish all of the new regulatory requirements, freeing us to deliver even better care to our patients.”
All CredenceHealth products and services will be integrated into Midas+ solutions, which help to improve staff efficiency, enhance patient safety and increase hospital profitability. CredenceHealth’s management team and employees will join ACS. Justin Lanning, CEO, CredenceHealth, will serve as vice president of business development, ACS Midas+.
Xerox Corporation is a $22 billion leading global enterprise for business process and document management. Through its broad portfolio of technology and services, Xerox provides the essential back-office support that clears the way for clients to focus on what they do best: their real business. Headquartered in Norwalk, Conn., Xerox provides leading-edge document technology, services, software and genuine Xerox supplies for graphic communication andoffice printing environments of any size. Through ACS, A Xerox Company, which Xerox acquired in February 2010, Xerox also offers extensive business process outsourcing and IT outsourcing services, including data processing, HR benefits management, finance support, and customer relationship management services for commercial and government organizations worldwide. The 136,000 people of Xerox serve clients in more than 160 countries. For more information, visit http://www.xerox.com, http://news.xerox.com, http://www.realbusiness.com orhttp://www.acs-inc.com. For investor information, visit http://www.xerox.com/investor.
About CredenceHealth, Inc.
CredenceHealth automates Core and eMeasure compliance and identifies emerging complications via a unique Clinical Intelligence Engine. CredenceHealth web-based infrastructure delivers meaningful and actionable clinical surveillance in real-time – while patients are still in the hospital – utilizing evidence-based medical research and best practice standards (e.g., CMS, HITSP, CDC, NSQIP, and other published standards). http://www.credencehealth.md