Ambulatory vendors seek to consolidate small EHR market
Ambulatory electronic health records vendor eMDs recently acquired Aprima Medical Software, another EHR company, in a bid to consolidate smaller EHR vendors.
Aprima recently was rated the top small ambulatory practice in the annual Best in KLAS rankings of EHR companies and other vendors.
The plan is to pool the data and existing assets among the small vendors, such as credentialing software, reduce physician burden by improving documentation tools and give physicians a one-place shop for technology and services, such as data analytics, on a platform.
More acquisitions are on the horizon. “We’re seeing more EHR vendor consolidation,” said Derek Pickell, CEO at eMDs. “Many meaningful use EHR vendors are going away; they are too small to survive on their own.”
However, by banding together, these vendors can bring newer EHR tools such as a specialty-focused dermatology EHR, and be able to compete with larger EHR vendors by improving physician usability as well as services to boost payer reimbursements.
The bottom line is about facilitating the best patient outcomes and to clear the path for providers to do their best work while enhancing their financial strength, Pickell explained during a meeting at HIMSS19.
The company will operate as “eMDs and Aprima, an eMDs company,” until the integration is complete. Headquarters will be in Austin, Texas, with additional facilities around the nation and in India. Pickell will lead the company and Michael Nissenbaum, currently Aprima’s CEO, will serve as an advisor.
“The acquisition brings a much better solution to the table and offers relief to the burdens that doctors have,” Pickell concluded. “We’re on a mission to help doctors enjoy themselves again.”