Azalea, maker of a cloud-based EHR product, introduced its plans to purchase healthcare analytics platform dashboardMD for an undisclosed quantity.
Like Azalea, dashboardMD can be a cloud-based product. It focuses on built-in medical analytics, in addition to monetary and operational analytics. Clients can use the plug-n-play device for plenty of providers, together with a every day analytics dashboard, efficiency scorecards and predictive analytics.
It’ll be part of Azalea, which makes a cloud-based EHR, a income administration cycle device, and a knowledge insights and telehealth product.
WHY IT MATTERS
Azalea is pitching this acquisition as a option to enhance its analytics choices. After the acquisition, the 2 groups will probably be working along with Azalea Well being’s Baha Zeidan, who is constant as CEO of the joint firm, and dashboardMD’s CEO Jose Valero, who’s approaching as director of analytics.
“Incorporating dashboardMD’s unmatched analytics capabilities in our clinician-friendly EHR, and bringing Jose in to guide Azalea’s information analytics follow will empower suppliers to higher handle medical high quality measures and have enhanced visibility into their income,” mentioned Azalea Well being CEO Baha Zeidan.
“We couldn’t be happier that Jose acknowledged Azalea because the EHR greatest positioned to supercharge the healthcare analytics house and assist the medical discipline take a large step ahead by our unparalleled joint providing.”
THE LARGER TREND
This isn’t Azalea’s first M&A. In 2017, the corporate bought EHR agency Prognosis Innovation Healthcare for an undisclosed sum. The Atlanta-based firm has round $13.5 million in funding, in keeping with Crunchbase.
Azalea isn’t the one cloud-based EHR in the marketplace. PointClickCare Applied sciences additionally created cloud-based expertise, nonetheless, their product is aimed on the long-term and post-acute care market.
DrChrono can be seeking to change EHRs with its smartphone-friendly EHR, billing and follow administration platform. In June, the corporate scored $12 million to increase into the telehealth house.