DETROIT, Sept. 20, 2010 (GLOBE NEWSWIRE) -- Covisint, a Compuware (Nasdaq:CPWR) company, today announced that it has acquired DocSite, an award-winning clinical decision support and quality performance management company. Headquartered in Raleigh, NC, DocSite's web-based solutions make better patient care easier for physicians across all specialties.
Together, Covisint and DocSite will offer unmatched solutions for exchanging and analyzing clinical and patient information in a secure environment across the healthcare delivery system. The offering will be immediately available to the more than 68,000 care givers already on the Covisint platform, while positioning Covisint to win future business.
With $17 billion in federal stimulus funding available, today's U.S. healthcare environment rewards doctors and organizations that meet HITECH and meaningful use requirements for quality of care and technology adoption. Adding DocSite to Covisint's secure platform-as-a-service model will give its customers an advantage in securing these funds through quality care. This will in turn give Covisint a competitive advantage in winning large, state Health Information Exchange (HIE) and other contracts related to the secure access and exchange of health information.
"The writing is on the wall: the U.S. healthcare system now demands outcome-based care, and this visionary acquisition positions Covisint as the leader in this space for years to come," said David McGuffie, Covisint President and COO. "DocSite meets and exceeds the needs of doctors, hospitals and health systems in providing interconnected care, quality management and reporting--all of which helps physicians and hospitals obtain needed stimulus monies in today's competitive, pay-for-performance environment."
DocSite's point-of-care decision support, population management, quality and pay-for-performance reporting solutions--combined with Covisint's secure, highly scalable platform--offer the quality decision support and secure information delivery care givers need to meet meaningful use now and in the evolving world of accountable care organizations. Together, the solutions will support HIE success, provide tools for measurement and offer seamless, simple usability at the point of care.
"Covisint's acquisition of DocSite is the right solution at precisely the right time, particularly in today's healthcare world of strategic, health information sharing initiatives that demand effective care, quality measurement and IT adoption," said Dr. John Haughton, Founder, Chairman and Chief Medical Information Officer for DocSite. "This potent set of care, quality and measurement tools--combined with Covisint's industry standard ExchangeLink™ platform--addresses the key needs in today's market, Beacon and PQRI requirements, and will evolve for years to come for physicians and health systems."
The acquisition combines one of the healthcare industry's leading care, quality improvement and performance management companies with Covisint's award-winning platform-as-a-service model, Covisint ExchangeLink. Together, the pairing will provide the market key solution options for the securing, exchanging, use and analysis of patient and population information. Additionally, this highly secure, cloud-based solution works with physicians' existing IT investments and complements existing workflows in either paper- or electronic-based settings.
The non-material, all-cash transaction closed on September 17, 2010, and will be slightly accretive this fiscal year. The majority of DocSite's employees, headquartered in Raleigh, NC, will join Covisint.
DocSite
DocSite (www.docsite.com) is a leader in point-of-care decision support, quality performance management and health information exchange services to the healthcare market, offering modular, upgradeable, web-based tools that immediately improve the quality of care and save clinician time. DocSite solutions give practitioners affordable, easy-to-use tools tied to evidence-based guidelines that reduce practice variation, enhance communication and support patient self-care initiatives. DocSite's clients include independent practice associations, group practices, health plans, hospitals and individual physicians. DocSite is headquartered in Raleigh, NC.
Covisint, a Compuware Company
Covisint, a Compuware company, enables information ecosystems that quickly revolutionize organizations by providing secure communication and collaboration between people and systems in remarkably simple ways. Covisint is a recognized cloud computing pioneer driving the on-demand revolution that helps organizations connect, communicate and collaborate with their partners--enabling anywhere, anytime information. The Covisint ExchangeLink platform provides industry-specific services for identity management, collaborative portals and data exchange, as well as a third-party application marketplace. Learn more at www.covisint.com.
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Compuware Corporation
Founded in 1973, Compuware provides software, experts and best practices to ensure applications work well and deliver business value. Compuware solutions optimize application performance across the Enterprise and the Internet for leading organizations around the world, including 46 of the top 50 Fortune 500 companies and 12 of the top 20 most visited U.S. web sites. Learn more at: http://www.compuware.com.
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