Symphony Corporation will continue to expand capabilities in healthcare analytics, big data, mobile health, and other technologies
Madison, Wisconsin (PRWEB) November 05, 2013
Symphony Corporation, a Madison, WI-based healthcare information technology company, today announced the acquisition of SymphonyCare, its population health and care management solution, by MEDSEEK, the provider of a comprehensive software platform to help hospitals and health systems influence patient behavior. Symphony Corporation, led by Ravi Kalla, has been a trusted technology partner for leading healthcare organizations toward quality, safety, and efficiency goals. Symphony has a history of incubating and building cutting-edge technology solutions in collaboration with well-known health systems.
“After this acquisition, Symphony retains its core technology services business,” said Tom Carmona, Symphony’s Director of Sales and Marketing. “We will continue to expand our capabilities in healthcare analytics, big data, mobile health, and other technologies that improve patient care and boost efficiency among healthcare providers.”
“There are many population health management tools on the market, but most lack the critical functionality to successfully engage patients,” said Peter Kuhn, MEDSEEK’s CEO. “While high-touch programs can be effective, high-tech strategies are the key to cost effectively changing patient behavior in a way that is meaningful in terms of reducing unnecessary hospital readmissions, improving medication and nutrition adherence, and eliminating gaps in care.” Kuhn continued, “At MEDSEEK, we are expanding our integrated patient influence platform to include all the capabilities critical to our customers who have enrolled in, or are experimenting with, emerging value-based payment models like the mandatory Medicare Hospital Readmission Reduction Program, the Medicare Shared Savings Program, or a Patient-Centered Medical Home.”
The acquisition expands MEDSEEK’s capabilities in the emerging population health and care management market, creating immediate opportunities for the company to offer an additional set of software and services to its customer base and emerging healthcare provider markets.
“This acquisition presents an opportunity for MEDSEEK to quickly align our proven patient engagement technology with new healthcare delivery requirements brought on by healthcare reform,” said Kyra Hagan, VP of Product Strategy at MEDSEEK. “We were looking to augment MEDSEEK’s existing patient-facing technology stack with a proven clinical analytics and business intelligence solution.” Hagan continued, “Our decision to acquire SymphonyCare was cemented by its powerful data integration, information delivery, and analysis capabilities. In particular, we were impressed by SymphonyCare’s robust semantic layer that enables users to navigate available data sources, ask their own questions of the data, and translate that data analysis into evidence-based, highly personalized, patient-centered care plans.”
About Symphony Corporation
Symphony Corporation is a global healthcare products and technology services firm based in Madison, WI. Symphony’s clients include corporations across the healthcare spectrum, including integrated health systems, academic healthcare organizations, health plans, PPO networks, public health agencies, care/medical management companies, and healthcare software vendors. Symphony has over 15 years of proven experience in planning, designing, building and managing complex clinical software applications. Symphony also has a track record of bringing products from conception to production for numerous clients in various vertical domains including healthcare, medical devices, insurance, life sciences, and mobile application development.