Medsphere Systems has acquired a Plano, Texas-based vendor specializing in applications that can help hospitals manage their supply chain inventories.
Carlsbad, Calif.based Medsphere reported Thursday that it has purchased HealthLine Solutions. Terms of the deal were not announced.
HealthLine offers applications that use bar coding and RFID technology, intuitive user interfaces and systems integration to ease the process of healthcare supply chain management. Integration and automated tracking enables HealthLine to provide additional supply chain reporting support for specialized clinical functions such as interventional medicine and surgery.
Medsphere executives say HealthLine applications now enhance the RCM Cloud revenue cycle management component of Medsphere’s complete CareVue EHR platform.
“With the addition of supply chain management functionality, the CareVue solution overall—and the RCM component specifically—offer a unique combination of comprehensive and affordable functionality,” says Medsphere President and CEO Irv Lichtenwald. “HealthLine applications empower hospitals to increase revenue and lower labor costs while having complete confidence in inventory data.”
Just last month, privately held Medsphere closed on $ 32 million in financing from two large investment firms, Morgan Stanley Expansion Capital and East West Bank. At the time, the HIT company said it would use the funds to “address accelerating demand” for its comprehensive suite of healthcare IT solutions and services, and for strategic acquisitions.
Medsphere offers a subscription-based payment model for organizations that want to use its suite of solutions, which are in place in inpatient and ambulatory facilities, including behavioral health hospitals, specialty clinics and multi-facility systems.