|By Business Wire||
|November 27, 2012 07:01 AM EST||
Medsphere Systems Corporation, the leading provider of open source electronic health record (EHR) solutions and services, this year marks 10 years in health information technology with clear indicators of growth and success. The company currently provides implementation, training, development and support services for hospitals, as well as full life-cycle development and help-desk support for many EHR applications used by over 300 Indian Health Service (IHS) hospitals and health stations.
Medsphere’s OpenVista electronic health record (EHR) has thus far enabled over 70 percent of the company’s eligible customer base to achieve Stage One Meaningful Use, with the rest expected to qualify for federal reimbursement within the fiscal year. According to analysis by Wells Fargo Securities, no proprietary vendor has qualified more than 45 percent of their customer base for Meaningful Use funds.
Medsphere’s record of enabling customer hospitals to achieve Meaningful Use is enhanced by the affordability of the company’s OpenVista platform and services; fully 100 percent of customers achieving Meaningful Use have received federal funds sufficient to cover the initial five-year costs for OpenVista.
“Looking at Medsphere’s progress at the 10-year mark, we are pleased with our growth trajectory and really excited about the opportunities we see in the next few years,” said Medsphere President and CEO Irv Lichtenwald. “Our revenue grew by 32 percent over the past year, and we are projecting more than 30 percent growth again over the next twelve months. Overall, the focus on reducing healthcare costs and achieving true interoperability, while improving patient care, positions Medsphere extremely well as healthcare IT matures.”
Evaluating key milestones in company evolution, Lichtenwald specifically mentioned Midland Memorial Hospital’s 2009 recognition as one of the first nine HIMSS Analytics Stage 6 hospitals. The flexibility and adoptability of OpenVista with regard to Stage 6 also served Midland Memorial well when it came time for Meaningful Use certification.
“Midland Memorial takes great pride in being an early adopter of EMR technology. Our physicians and staff have evolved from using paper-based patient care processes to collaborating in the development of OpenVista features that make it even better for patient safety, coordination of care and compliance,” explained Steve Bowerman, chief financial officer at Midland Memorial Hospital. “Without their embrace of OpenVista, the HIMSS Analytics evaluation and Meaningful Use qualification would not have occurred.
“Our team’s enthusiasm is matched by that of our partner, Medsphere. For Meaningful Use Stages 2 and 3, we’ve already begun collaborating on platform enhancements that will enable federal funds and further improve our efficiency and patient safety. We feel like this is our system and Medsphere is helping us make it better.”
Beyond the life of the Meaningful Use program, the flexibility and affordability of the OpenVista EHR enables hospitals to develop uniquely customized workflow and EHR development projects. OpenVista dramatically reduces hospital expenditures related to proprietary vendor enhancements, freeing up funds for clinical improvements.
“Since we implemented OpenVista, we have control over the changes we make to our EHR and when they are made,” said Steve Art, CIO and SVP at Brooklyn’s Lutheran Medical Center. “I can work collaboratively with Medsphere in a development project, or I can make improvements myself in house. With the traditional vendor IT model, I’d have to file a request, wait for approval, pay a lot and hope that it worked. That out-of-date process simply didn’t work for us.”
In addition to being affordable and flexible, OpenVista can also be rapidly implemented and is highly adoptable. Medsphere’s typical implementation runs from 9 to 12 months, and the company has installed the Computerized Provider Order Entry (CPOE) module in as few as 4 months to rapidly provide customers with patient safety benefits.
Medsphere continues to develop OpenVista, derived from the proven VistA EHR system developed by the U.S. Department of Veterans Affairs, for non-federal hospitals. In addition to creating a crucial interface suite for communication with third-party solutions and a Multi-disciplinary Treatment Plan module for behavioral health hospitals, Medsphere has worked with customers to develop Clinical Flowsheet, Surgery Scheduling and Emergency Department Tracking Board applications, as well as a new graphical interface for the Pharmacy application. The company is also a leader in open source development of VistA through the federal government’s Open Source Electronic Health Record Agent (OSEHRA) project.
About Medsphere and OpenVista
Founded in 2002 and based in Carlsbad, Calif., Medsphere Systems Corporation is an award-winning organization of clinical and technology professionals working to make quality health IT solutions accessible to organizations of virtually any size, shape or budget. Medsphere’s OpenVista is a portfolio of clinical support products and professional services that leverages an electronic health record (EHR) system developed by the Department of Veterans Affairs. This VistA EHR is widely credited with helping transform the VA into the nation’s most efficient and clinically effective healthcare organization. OpenVista, the most fully commercialized VistA offspring, is a responsible reapplication of the VA’s $8.5 billion investment, which recent studies show have yielded $3.09 billion in benefits, primarily from the near elimination of medication administration issues and duplicate testing.
Medsphere’s subscription-based pricing model enables hospital, clinic and integrated delivery network customers to pay for OpenVista from their operating budget with no upfront costs or back-end balloon payments. Expert implementation and other services facilitate fluid and rapid transition to a paperless clinical environment focusing on best practices and evidence-based medicine in six to nine months. Medsphere also actively nurtures the Healthcare Open Source Ecosystem, a global community of customers, partners, developers and other online collaborators who drive OpenVista innovation, and provide a parallel development and support structure.
Learn more about Medsphere’s OpenVista at www.medsphere.com.
In the next five to ten years, millions, if not billions of things will become smarter. This smartness goes beyond connected things in our homes like the fridge, thermostat and fancy lighting, and into heavily regulated industries including aerospace, pharmaceutical/medical devices and energy. “Smartness” will embed itself within individual products that are part of our daily lives. We will engage with smart products - learning from them, informing them, and communicating with them. Smart produc...
Jan. 23, 2017 01:30 PM EST Reads: 1,805
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Jan. 23, 2017 01:15 PM EST Reads: 4,412
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 7-9, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and E...
Jan. 23, 2017 12:30 PM EST Reads: 5,885
SYS-CON Events announced today that Catchpoint, a leading digital experience intelligence company, has been named “Silver Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Catchpoint Systems is a leading Digital Performance Analytics company that provides unparalleled insight into your customer-critical services to help you consistently deliver an amazing customer experience. Designed for digital business, C...
Jan. 23, 2017 12:15 PM EST Reads: 1,872
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abilit...
Jan. 23, 2017 09:00 AM EST Reads: 5,515
Every successful software product evolves from an idea to an enterprise system. Notably, the same way is passed by the product owner's company. In his session at 20th Cloud Expo, Oleg Lola, CEO of MobiDev, will provide a generalized overview of the evolution of a software product, the product owner, the needs that arise at various stages of this process, and the value brought by a software development partner to the product owner as a response to these needs.
Jan. 23, 2017 08:00 AM EST Reads: 1,380
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Jan. 23, 2017 07:00 AM EST Reads: 6,972
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, discussed the best practices that will ensure a successful smart city journey.
Jan. 23, 2017 05:00 AM EST Reads: 2,156
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
Jan. 23, 2017 03:00 AM EST Reads: 1,055
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at Dell EMC, introduced a methodology for capturing, enriching and sharing data (and analytics) across the organization...
Jan. 23, 2017 02:30 AM EST Reads: 3,395
"Tintri was started in 2008 with the express purpose of building a storage appliance that is ideal for virtualized environments. We support a lot of different hypervisor platforms from VMware to OpenStack to Hyper-V," explained Dan Florea, Director of Product Management at Tintri, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jan. 23, 2017 02:30 AM EST Reads: 5,055
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet and...
Jan. 23, 2017 02:00 AM EST Reads: 6,682
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at 20th Cloud Expo, Ed Featherston, director/senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Jan. 23, 2017 01:45 AM EST Reads: 2,813
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Jan. 23, 2017 12:00 AM EST Reads: 5,900
IoT is at the core or many Digital Transformation initiatives with the goal of re-inventing a company's business model. We all agree that collecting relevant IoT data will result in massive amounts of data needing to be stored. However, with the rapid development of IoT devices and ongoing business model transformation, we are not able to predict the volume and growth of IoT data. And with the lack of IoT history, traditional methods of IT and infrastructure planning based on the past do not app...
Jan. 22, 2017 11:00 PM EST Reads: 1,071
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
Jan. 22, 2017 07:45 PM EST Reads: 3,890
"LinearHub provides smart video conferencing, which is the Roundee service, and we archive all the video conferences and we also provide the transcript," stated Sunghyuk Kim, CEO of LinearHub, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 22, 2017 03:15 PM EST Reads: 1,708
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
Jan. 22, 2017 02:30 PM EST Reads: 3,778
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
Jan. 22, 2017 02:00 PM EST Reads: 5,857
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Jan. 22, 2017 02:00 PM EST Reads: 5,317