HealthTech Solutions Group® acquires billing and claims management software company GAFFEY™

Plano, TX and Pleasanton, CA July 31, 2013 – HealthTech Solutions Group, a leading cloud-based revenue cycle management software business serving more than 150 hospitals and $10 Billion in net patient revenue, announced the acquisition of GAFFEY™, a pioneer in the eligibility and billing segments of the hospital revenue cycle software industry.
The combination of HealthTech and GAFFEY™ creates an end-to-end revenue cycle software company dedicated to optimizing revenue capture and collection efficiency. The combined business offers hospitals and healthcare providers a unique and robust set of software tools that span the revenue cycle, including:
• Best-in-class technology-based solutions for: Patient Eligibility, Billing/Claims Management, Denial Management, Contract Calculation, Follow-up and Collections, Workflow Automation, and Business Intelligence
• Services and BPO Solutions for: Collections, Revenue Recovery Solutions, Billing Bridge Routine Consulting, and Best Practices Management
The acquisition is backed by HealthTech’s private equity sponsor, Altaris Capital Partners, a New York-based private equity firm focused exclusively in the healthcare industry.
“We are thrilled about becoming part of HealthTech and to be joining the Altaris portfolio of companies”, said HunMi Pak, CEO of GAFFEY™ and President of the combined business. “Their breadth of experience in building successful technology companies coupled with the deep domain expertise of the Altaris and HealthTech teams, provides GAFFEY™ with vast resources to draw upon as we embark on the next chapter of growth of our software and solutions to our customers.”
Derek Morkel, HealthTech’s CEO commented on the acquisition, “We are extremely excited about the addition of GAFFEY™’s team and customers to HealthTech. The combination creates an end-to-end and seamlessly integrated set of SaaS-based revenue cycle software & workflow technologies. Our customers routinely are requesting solutions that reduce the number of vendors and provide a single workflow platform for their entire revenue cycle. The combination of GAFFEY™’s claims management software suite with HealthTech’s workflow and automation tools will provide our customers with an even more compelling ROI.”

Oasis Outsourcing Ranked in 2013 Top 100 Private Companies by South Florida Business Journal

West Palm Beach, FL Jul 24, 2013 – Oasis Outsourcing ranked fifth for the third consecutive year in the South Florida Business Journal’s (SFBJ) 2013 Top 100 Private Companies list. The Top 100 Private Company compilation has been published annually for the past 10 years, with rankings based on each company’s revenue from the previous year. The SFBJ surveyed more than 800 companies, located in Palm Beach, Broward and Miami-Dade counties, to create the 2013 Top 100 Private Company list.
“We are pleased to retain our top five ranking among the other industry-leading companies that are based in South Florida,” said Mark Perlberg, President and CEO of Oasis Outsourcing. “We are proud of our continued growth in Florida and nationwide.”

OsoBio Appoints Lindsey Pruitt to Manage East Coast

Albuquerque, NM Jul 22, 2013 – OsoBio has named Lindsey Pruitt manager of new business development for its East Coast market.
Working in her new capacity in OsoBio’s Philadelphia location, Pruitt will identify and foster new business opportunities throughout the Northeast.
Pruitt has worked nearly a decade in sales and marketing within the pharmaceutical and specialty chemical manufacturing industries.
Most recently, she served as manager of commercial operations and sales for Siegfried USA, a manufacturer of active pharmaceutical ingredients (APIs). There, she was responsible for managing key accounts and serving as the primary customer contact from research and development to commercial product launch.
“Lindsey shows a real passion for working in partnership with OsoBio’s clients to deliver life-saving pharmaceuticals to the patients who need them,” said Milton Boyer, president of OsoBio. “She will demonstrate for clients the value OsoBio can bring as the contract manufacturer of choice for their sterile injectable needs.”
Pruitt graduated cum laude from Lee University with a bachelor’s degree in psychology and advanced studies in microbiology and chemistry.
OSO BioPharmaceuticals Manufacturing, LLC, is a contract manufacturing organization (CMO) that specializes in delivering injectable sterile liquid, suspension and lyophilized biologic and pharmaceutical products to the pharmaceutical industry. Our company offers significant knowledge and experience in late-phase clinical products and successfully taking them to commercialization.
In the history of our Albuquerque, N.M., facility, OsoBio has manufactured more than 250 distinct commercial presentations in every major therapeutic category. The U.S. Drug Enforcement Administration (DEA) has granted OsoBio registrations for Schedule II through V controlled substances.

Precyse Scores High on the KLAS Mid-Term Performance Review Report

Precyse’s ICD-10 Consulting and Transcription Services Recognized with High Performance Scores
Wayne, PA and Alpharetta, GA Jul 16, 2013 — Precyse, a leader in Health Information Management (HIM) technology and services, is proud to announce that both its ICD-10 Consulting group and its Transcription Services group have received outstanding scores in the KLAS “2013 MidTerm Performance Review: Software & Services” report. Precyse received an overall score of 93.2 for ICD-10 Consulting and a 93.1 for Transcription.
According to the KLAS report, all performance scores have been compiled from the feedback of thousands of healthcare providers at physician offices, clinics, hospitals and integrated delivery networks throughout the United States. Precyse was also given high marks in Konfidence Level, which denotes the number of unique provider organizations that provided feedback to KLAS.
“To achieve these outstanding KLAS scores, as well as being named 2012 Best in KLAS for Transcription Services, it takes commitment, hard work and a relentless focus on serving our customers’ needs,” said Precyse President Chris Powell. “I am so proud of our colleagues who go above and beyond to make these scores possible, and I’m grateful to all our clients who have taken the time to share their input.”
From an integrated platform for inpatient and outpatient computer assisted coding (CAC) and Clinical Documentation Improvement (CDI) to a unique and innovative ICD-10 education offering to a comprehensive array of leading HIM service offerings, Precyse allows healthcare organizations to harness the Power of One, serving as a single source for all of their Health Information Management needs. Precyse’s Transcription Technology and Services drive exceptional electronic documentation that better supports the data challenges healthcare providers are facing today, such as ICD-10, Meaningful Use and Core Measures.
Precyse and HealthStream (NASDAQ: HSTM), the largest provider of learning and talent management solutions in healthcare, have teamed together to offer Precyse University, which is the most complete “ICD-10 education solution” on the market today. This solution is designed to prepare coders, physicians, nurses, case managers, administrative staff and all other impacted populations for the upcoming transition to ICD-10. Precyse was also recognized in an earlier KLAS report, “ICD-10 Consulting: Roadmap to a Successful Transition,” as the “only firm in this report to receive 100% positive comments from their clients about their ICD-10 services.”
“Recent surveys by both the American Health Information Management Association (AHIMA) and the Medical Group Management Association (MGMA) have indicated that ICD-10 readiness is lagging,” said Thomas Ormondroyd, Vice President and General Manager of Precyse Learning Solutions. “The time is now to engage in ICD-10 preparation and education, and Precyse is uniquely positioned to help healthcare organizations achieve successful results.”

Sparta Systems Partners with Glemser Technologies to Bring Quality Management Solutions to the Life Science Industry

The Collaboration will Put TrackWise Technology in the Hands of More Companies to Meet Critical Compliance Needs
Hamilton, NJ Jul 1, 2013 – Sparta Systems, Inc., an industry pioneer and leader in enterprise quality management solutions, today announced a partnership with Glemser Technologies, a provider of content management services and solutions for the life sciences industry, to better develop and implement TrackWise® offerings to meet the critical compliance needs of life science companies in North America and Europe.
Sparta Systems and Glemser Technologies have worked together on a project-basis for more than 10 years. Over the past decade, the two companies implemented and maintained tailored quality management solutions within one of the world’s largest research-based pharmaceutical companies. Based on their proven ability to seamlessly define, track, manage and report on core quality activities that were critical to this customer’s success, Sparta and Glemser decided to solidify their relationship and become certified partners.
“Sparta’s strategic partnership with Glemser is a major milestone in the Company’s efforts to meet the business needs of current and prospective life science customers. Glemser specializes in TrackWise configurations, customizations and upgrades, providing users with the right skills and experience needed to tailor the technology to meet the strict regulatory guidelines and requirements of the industry,” said Roy Wood, Vice President of Global Professional Services at Sparta Systems. “As Sparta looks to deliver enterprise quality management solutions that support advancements in areas like mobile, Software as a Service and analytics, we believe Glemser can provide cost-effective, implementation services that enable our users to adopt Sparta solutions at a more rapid pace.”
The partnership comes at an ideal time as Sparta recently announced the availability of the latest version of its flagship product, TrackWise 8.5. The release includes an enterprise business intelligence solution called TrackWise Analytics that introduces real-time analytics and ad hoc reporting capabilities to the core quality management functionality of the technology. Glemser has a proven track record of helping users upgrade to new versions of TrackWise, and will be instrumental in helping customers benefit from the solution’s advancements in search, querying and web services integration.
“As a Sparta Systems partner with a deep understanding of TrackWise, we are proud to offer our consulting and implementation services to help life science companies take advantage of the best technologies on the market to meet their quality and compliance needs,” said Ray Glemser, President and co-founder of Glemser Technologies Corporation. “Together we look to expand beyond our current regions and provide innovative document management capabilities to more areas of the world.”