FEB 8, 2012 11:56am ET

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Health I.T. Vendor Round-up: Greenway, SOAPware, eCareSoft, gloStream

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Four electronic health records vendors have announced new initiatives in recent days. They include:

*Greenway Medical Technologies has closed its initial public offering, netting $57.2 million following expenses, after exercising an option for underwriters to purchase an additional 1 million shares. That means all 7.66 million shares allocated for the IPO were sold, with Greenway selling nearly 6.4 million shares on the market and investors in the company putting up the rest. The stock closed on Feb. 7 at $13.50 per share, a 35 percent increase from the $10 asking price when the company went public on Feb. 2.

* Ambulatory software vendor SOAPware Inc. has partnered with document imaging and management firm Ambir Technology to enable its EHR users to scan documents, ID cards and other information into patient records.

* Community hospital information systems vendor eCareSoft Inc. has received federally-deemed Complete EHR certification that its ambulatory electronic health records system supports Stage 1 meaningful use criteria. Drummond Group was the certifying entity.

* Physician vendor gloStream will integrate into its practice management and electronic records systems a secure messaging application from ABILITY Network Inc. The software, called DirectABILITY, uses the federally created Direct Project protocols to exchange health information.

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Looking to build better care coordination, health systems are buying physician groups in droves. Making the deal work, however, requires careful management on the I.T. front.

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