Medworxx

Medworxx is a health information technology company founded in 2004 and currently based in Toronto that supplies services to over 400 hospitals in Canada, France, the United States and the United Kingdom.[1] It was bought by Aptean in October 2015.[2]

George Elliott is chair of the board of the company.[3]

History

Medworxx was incorporated in May 2004 under the laws of Ontario, with 3 employees; by 2007 the company had grown to around 35 employees.[4] In 2007, it was reported that Lorian Capital Corp. were picking up shares in the company.[5] By September of that year, Medworxx Inc. became a wholly owned subsidiary of the Lorian Capital Corp.[4]

Patient tracking systems

The global-event driven patient tracking system market was valued at $232.7 million in 2014, and is estimated to reach $605.2 million by 2019. Rival companies in this field include Allscripts, Cerner Corporation, Centrallogic, Epic Systems, McKesson Corporation, Sonitor Technologies, and TeleTracking Technologies, Inc.[6]

Canada

In 2010 the company had over 120 hospitals in Canada as its customers.[7] The company's Patient Flow systems provide patient flow analytics in real-time. In 2015 they are used in over 34% of the acute care beds in Canada.[8] The company claims that organisations which use its software show improvements in patient flow.[9] The system was created to be used in a public health care system, and is based on Canada’s current best practice guidelines. It monitors patient stay, care delays, assesses discharge readiness, supports optimal care and standardized process across the health system, offers decision support, and provides operational and trending analysis.[10]

The company formed a partnership with Leidos Health in April 2014. The companies worked together in 2012 implementing the Medworxx Patient Flow Platform for Alberta Health Services. This was part of the first provincial, fully integrated health system in Canada.[11]

United States

The company's patient flow solution Clinical Criteria is to be used in the Crouse Hospital, Syracruse, New York.[12]

National Health Service

Medworxx Patient Flow systems were used by South Tees Hospitals NHS Foundation Trust in a Bed Utilisation Review Project in 2011 across the trust's multiple sites conducted by Model Advice DC Consulting Ltd.[13] The trust subsequently adopted the company's web-based integrated patient flow solution.[14] Royal Liverpool and Broadgreen University Hospitals NHS Trust was the first UK organisation to adopt the Medworxx clinical utilisation management system in November 2011. By January 2012 the proportion of elective patients ready to leave the hospital had reduced from 5.4% to 4.6%, while non-electives had reduced from more than 7% to 5.8%.[15] The trust won the National EHealth Insider Award in the category of “Outstanding work in IT-enabled change in healthcare” for their project titled “First UK IT Enabled Hospital Case Management System” in October 2012.[16] The trust chose the Medworxx clinical utilisation management system as the most suitable for use in conjunction with a case management approach to patient flow. The company claims that its system also helped the trust achieve a 15% increase in respiratory patient throughput, a reduction in length of stay from 10.5 to 9.7 days and a 30% increase in referrals to community beds.[17]

Medworxx is one of two companies in the UK offering embedded solutions for utilisation review, the other being the Oak Group. They have both adapted their criteria to comply with NICE guidance.[18]

The company made an agreement with Ernst & Young in April 2015 to jointly exploit the introduction of the NHS England CQUIN 2015/2016 schedules which incentivise patient flow improvement.[19]

Implementing a Medworxx solution is part of the Service Transformation Programme of Guildford and Waverley Clinical Commissioning Group for 2015/6.[20]

France

The Groupe hospitalier Paris Saint-Joseph in the south of Paris agreed to use the Medworxx Clinical Criteria module for 410 medical and surgical beds in January 2015.[21]

Australia

The company stuck a deal with Aspen Medical in June 2015. They have already worked together on patient flow diagnostic audits, known as Patient Throughput Reviews.[22]

Document management

The company also produces a Compliance and Education Solution which supports The Joint Commission regulatory guidelines.[23]

References

  1. ↑ "Medworxx Regains Profitability in Q4 While Expanding International Implementation" (Press release). Yahoo Finance. 26 March 2015. Retrieved 23 June 2015.
  2. ↑ "Aptean, Inc. Completes Acquisition of Medworxx Solutions Inc.". Market Wired. 15 October 2015. Retrieved 3 April 2016.
  3. ↑ "George Elliott, Director". Radar Capital. Retrieved 29 June 2015.
  4. 1 2 "Lorian Capital Corp. Files Third Quarter Financial Statements and Management Discussion and Analysis" (Press release). Reuters. 28 October 2007. Retrieved 9 July 2015.
  5. ↑ "Lorian Picking up Medworxx Shares". Healthcare Informatics. 26 April 2007. Retrieved 9 July 2015.
  6. ↑ "Event-driven Patient Tracking System Market is Expected to Reach $605.2 Million by 2019, at a CAGR of 21.1% from 2014 to 2019" (Press release). Marketwatch. 26 May 2015. Retrieved 23 June 2015.
  7. ↑ "New report: "Medworxx Solutions: Healthcare IT Player Announces International Growth Strategy"". Small Cao Power.com. 27 October 2010. Retrieved 10 July 2015.
  8. ↑ "Medworxx Retains Leading Healthcare IT Investment Banking Firm Berkery, Noyes & Co., LLC as Its Strategic Advisor" (Press release). Marketwatch. 16 January 2015. Retrieved 23 June 2015.
  9. ↑ "Medworxx Utilization Management System Driving Efficiency Improvements at Hospitals" (Press release). NewsWire Canada. 25 January 2011. Retrieved 23 June 2015.
  10. ↑ "Medworxx supports decision making from the bedside to the boardroom". VCH News (Press release). Vancouver Coastal Health. 12 October 2012. Retrieved 29 June 2015.
  11. ↑ "Medworxx and Leidos Health announce partnership". Integrated Care Today. 2 April 2014. Retrieved 28 June 2015.
  12. ↑ "New York's Crouse Hospital to deploy Medworxx's patient flow platform". Hospital Management.net. 15 April 2015. Retrieved 28 June 2015.
  13. ↑ "Bed Utilisation Review (BUR) Project" (PDF). South Tees Clinical Commissioning Group. Retrieved 28 June 2015.
  14. ↑ "Medworxx Patient Flow Solution to be deployed in South Tees Hospitals NHS Foundation Trust". Health IT news Direct. 4 February 2013. Retrieved 10 July 2015.
  15. ↑ Crispin, Shanna (30 January 2012). "Royal Liverpool leads on case management". Digital Health. Retrieved 28 June 2015.
  16. ↑ "Byrning bright". Digital Health. 5 October 2012. Retrieved 28 June 2015.
  17. ↑ Curran, Paul (3 May 2013). "On the case". Digital Health. Retrieved 28 June 2015.
  18. ↑ "Utilisation review A scoping study" (PDF). West Midlands Clinical Senate. October 2014. Retrieved 29 June 2015.
  19. ↑ "Collaboration in the UK will help the NHS optimise Process Redesign by leveraging CQUIN incentives" (Press release). Street Insider. 7 April 2015. Retrieved 28 June 2015.
  20. ↑ "Service Transformation Programme Draft 2015/16 plans" (PDF). Guildford & Waverley CCG. Retrieved 10 July 2015.
  21. ↑ "Groupe hospitalier Paris Saint-Joseph to deploy Medworxx Clinical Criteria module". Hospital Management.Net. 16 January 2015. Retrieved 10 July 2015.
  22. ↑ "Medworxx Announces Partnership Agreement with Aspen Medical, a Global Healthcare Solutions Firm in Australia" (Press release). Businesswire. 30 June 2015. Retrieved 10 July 2015.
  23. ↑ "Froedtert Health Chooses Medworxx for Policy & Document Management" (Press release). BusinessWire. 12 March 2012. Retrieved 23 June 2015.

External links

This article is issued from Wikipedia - version of the 11/3/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.