NaviNet Acquires Prematics
In a move to add functionality to NaviNet's healthcare communications network and boost its clinical product suite for unified patient information management (UPIM), the company announced Monday that it has acquired Prematics, a mobile care management solution provider.
The acquisition calls for Prematics' mobile clinical messaging and e-prescribing solutions to be integrated with NaviNet Insurer Connect, an industry-leading multi-payer portal, and with NaviNet EMR and NaviNet PM technology.
This integration, NaviNet executives said, will enable the delivery of clinical, administrative and financial information to physicians' handheld devices. As a result, when physicians are in the exam room prescribing medications via handheld device, they can also use the device to receive information about generic or alternative drugs; submit real-time authorizations; and view benefits information in real time to determine a patient's financial responsibility.
Brad Waugh, NaviNet's president and CEO, said the acquisition highlights his company's patient-centric approach to health information management. According to Waugh, the deal enhances NaviNet's clinical product offerings and extends NaviNet from the desktop to the exam room. Doctors using handhelds will benefit from single-source access to integrated clinical, administrative and financial information from health plans, physicians and other sources of patient data.
"This acquisition is also a significant milestone in our vision to make NaviNet the premier platform for UPIM by expanding our offerings through acquisition, partnerships and organic product development," Waugh said in a statement.
The combined NaviNet and Prematics solution will offer benefits to all healthcare stakeholders:
-- Physicians will have key patient information they need, where and when they need it, in a way that aligns with the medical office's clinical and business priorities.
-- Health plans will have the opportunity to leverage mobile communications to further improve quality of care, lower costs, and enhance provider and member relations.
-- Patients can expect more informed and transparent care, and more efficient office visits.
Kevin Hutchinson, Prematics' president and CEO, noted that when both companies joined forces earlier this year they realized the tremendous potential value for physicians in bringing to market an integrated solution for mobile care management.
"NaviNet's relationships with leading national, commercial and Blue plans, and its dominant footprint in the physician practice market, will bring the benefits of mobile clinical messaging and e-prescribing to an even larger audience, improving care and saving costs for even more physicians, health plans and patients across the country," Hutchinson said.
While the financial details of the acquisition have not been disclosed, both companies said Prematics mobile clinical messaging and e-prescribing capabilities will be available to physicians and clinicians in the nationwide NaviNet Network through direct purchase from NaviNet and from health plans that choose to sponsor the technology.
In 2011, the mobile care management solutions will be integrated with NaviNet Insurer Connect, NaviNet EMR and NaviNet PM. NaviNet will continue to serve existing Prematics customers -- more than 3,600 physicians -- and will retain Prematics' resources and business operations.
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Marlin & Associates acted as financial advisor to Navinet.