|[November 27, 2012]
Medsphere Systems Marks 10 Years of Better Patient Care Through Affordable Healthcare Technology
CARLSBAD, Calif. --(Business Wire)--
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 (News - Alert))
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 (News - Alert) 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
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 een 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
"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
"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
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 (News - Alert) 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.
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,
studies show have yielded $3.09 billion in benefits, primarily from
the near elimination of medication administration issues and duplicate
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.
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