Medsphere Systems, a vendor of electronic health records for hospitals and their clinics, has expanded its ambulatory technology suite by merging with physician software firm MBS/Net Inc. Under the arrangement, terms of which were not disclosed, all shares of MBS/Net were exchanged for shares of Medsphere.
Medsphere sells OpenVista, a commercialized version of the Veterans Administration’s VistA electronic health record. MBS/Net’s product suite includes electronic health record and document management systems, a practice management system with a rule-based scheduling application that interfaces with EHRs, and outsourced revenue cycle and practice hardware management services. MBS/Net has clients in 11 states with the majority in Ohio, Michigan and West Virginia.
Medsphere, which has ambulatory business with the Indian Health Service and affiliated clinics of hospital clients, historically has not targeted standalone physician practices but now can with MBS/Net.
The combination enables Medsphere to offer revenue cycle management as a new service, says Medsphere president and CEO Irv Lichtenwald; Medsphere previously subcontracted to other vendors to serve clients who wanted revenue cycle services. “We’ve seen the benefits the practice management and revenue cycle solutions have created for MBS/Net clients, in some instances boosting individual practice revenue by more than 100 percent,” Lichtenwald notes.
In addition, MBS/Net’s outsourced IT services to physician practices nicely compliments the advisory, systems hosting and IT outsourcing services of consultancy Phoenix Health System, which Medsphere owns, Lichtenwald says.
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