Category: Press Releases
Tampa, June 14, 2018 (GLOBE NEWSWIRE) — DAS Health, a leading provider of health IT and management solutions, has earned a spot among the Tampa Bay Business Journal’s Fast 50 fastest growing privately held companies for the ninth successive year. DAS is the only company in the Tampa Bay Business Journal’s Fast 50 history to achieve such an accomplishment.
The company recently completed its fifth acquisition in the past three years and continues to add new solutions and services for their clients, doubling in size over the past two years. DAS offers a broad spectrum of practice management, IT and patient care solutions and is the largest national reseller of Aprima® Medical Software. The company has added eMDs® Plus, Lytec™, and Medisoft® EHR and PM platforms through recent acquisitions as well as expanded DAS’ managed IT solutions. Additional services include security risk assessments, MIPS/MACRA reporting & consulting, mental & behavioral health screenings, chronic care management, revenue cycle management (RCM) medical billing and value-based care solutions.
“We are honored to once again be ranked among the fastest growing companies in Tampa Bay, a spot we have earned through the passion and dedication of our team and the value we bring to our physician clients across the United States,” David Schlaifer, DAS Health President and CEO, emphasized. “Being honored again among such accomplished organizations is a great achievement, made even greater by our continued recognition for now a record ninth consecutive year.”
DAS’ continued growth has been celebrated with six consecutive years on the Inc. 5000 list of fastest-growing privately held companies and now nine consecutive years on the Tampa Bay Business Journal Fast 50 list. The company now serves nearly 2,000 clinicians and more than 600 physician practices nationwide.
*Aprima is a registered trademark of Aprima Medical Software, Inc.
* eMDs, eMDs Plus, Lytec, and Medisoft are trademarks of eMDs, Inc.
About DAS Health
DAS Health has been a leading provider of Health IT and management solutions and a trusted consultant to independent physician groups, hospitals and healthcare systems across North America since 2003. Headquartered in Tampa, FL, DAS delivers superior health IT, medical billing and practice management solutions for nearly 2,000 clinicians and 6,000 users, servicing more than 8 million patients. DAS was recognized in 2017 for the 6th year in a row as a top healthcare company on the Inc. 500|5000 list (2018 list not yet available) and is a Tampa Bay Business Journal Fast 50 fastest growing company for the last nine consecutive years. Visit DAShealth.com to learn more.
DAS Health has secured a $6 million credit facility that it primarily will use for future acquisitions and growth.
The health technology company in Tampa that works with independent physicians got the credit line from Fifth Third Bank, a press release said. DAS provides information technology, management solutions and consulting services to doctors and hospitals nationwide. It’s made five acquisitions in three years and has used its own internal operating cash flow for each of them, the release said.
The company now serves nearly 2,000 clinicians and more than 600 physician practices nationwide. It was No. 19 on the Tampa Bay Business Journal’s Fast 50 List in 2017, with $11.97 million in revenue for the prior year.
Working with Fifth Third Bank, along with strong operating results, allows DAS to rapidly expand its “buy-and-build” strategy, said David Schlaifer, DAS Health president and CEO.
“Notwithstanding DAS’ substantial success to date in acquiring companies using only its own internal cash flow, we believe we are only at the beginning of their long-term growth cycle,” Danny Riley, senior vice president at Fifth Third Bank, said in the release.
DAS, is “exactly the type of company that Tampa has been trying to grow here,” Mayor Bob Buckhorn said when DAS last year announced a $145,000 capital investment to expand its headquarters in downtown Tampa and said it would add 30 jobs paying an average annual wage of $55,130.
DAS was courted by many banks, Schlaifer said, but Fifth Third was a “culture match,” he said.
“We look to continue our rapid growth with the ultimate goal of helping clinicians across the United States focus on their patients, not worry about their business,” Schlaifer said.
Here are the five acquisitions that DAS has made to date:
- January 2018: Integra I.T. Solutions in Las Vegas
- June 2016: Falcon Healthcare Systems in Las Vegas
- May 2016: EHR and practice management business of Jackson Key Practice Solutions in Alabama
- January 2016: ConXitTechnology Group in Charlotte, North Carolina
- October 2015: Revenue cycle management business of Spectra Health Care in Tampa
TAMPA, Fla. – May 22, 2018 – DAS Health, a leading provider of health IT and management solutions, has secured a $6 million facility through Fifth Third Bank to be used primarily for future acquisitions and growth. DAS recently completed its fifth acquisition in a three-year time span, each using only DAS’ own internal operating cashflow (see https://dashealth.com/partnership-video).
DAS Health’s excellent track record of success in integrating services and staff has led to continued expansion, allowing the company to provide existing clients with improved services and support as well as expand the organization’s service area and client base. The largest national reseller of Aprima® Medical Software, DAS offers a broad spectrum of practice management, IT and patient care solutions. Recent acquisitions have added eMDs® Plus, Lytec™, and Medisoft® EHR and PM platforms as well as expanded DAS’ managed IT solutions. Additional service offerings include security risk assessments, MIPS/MACRA reporting & consulting, mental & behavioral health screenings, chronic care management, revenue cycle management (RCM) medical billing and value-based care solutions.
“DAS is focused on helping independent physicians to thrive in a changing industry. This partnership with Fifth Third bank, along with our already strong operating results, allows us to rapidly expand our “buy-and-build” strategy, which in turn allows us to better serve our clients and find new ways for them to prosper,” David Schlaifer, DAS Health President and CEO, emphasized. “Although we have been courted by many banks, it was clear from the first conversation with Fifth Third that there was a culture match and they were the right partner for us going forward. We look to continue our rapid growth with the ultimate goal of helping clinicians across the United States focus on their patients, not worry about their business.”
“The leadership, results and business model at DAS Health are truly impressive, and the focus on client success is remarkable,” Danny Riley, Senior Vice President of Fifth Third Bank added. “Notwithstanding DAS’ substantial success to date in acquiring companies using only its own internal cash flow, we believe we are only at the beginning of their long-term growth cycle and are excited to play a pivotal role in helping them to accelerate their growth capacity.”
DAS’ continued growth has been celebrated with six consecutive years on the Inc. 5000 list of fastest-growing privately held companies and is the only company to be named for eight consecutive years to the Tampa Bay Business Journal Fast 50 list. The company now serves nearly 2,000 clinicians and more than 600 physician practices nationwide.
*Aprima is a registered trademark of Aprima Medical Software, Inc.
* eMDs, eMDs Plus, Lytec, and Medisoft are trademarks of eMDs, Inc.
DALLAS, Jan. 30, 2018 – KLAS® Research today announced that it has awarded Aprima Medical Software Best in KLAS ranking in the Small Practice Ambulatory EMR/PM Category (1-10 physicians). The award was announced in the 2018 Best in KLAS: Software & Services Report, which is based on verified customer interviews conducted by KLAS over a 12-month period.
KLAS utilizes two methods to collect their data. Initially, KLAS conducts a series of vendor evaluations that are completed by healthcare provider organizations. Then, KLAS performs in-depth, confidential interviews with those providers to gain valuable insight into specific strengths, weaknesses and future expectations for each product. The top vendors in the EHR industry were included in the Small Practice Ambulatory EMR/PM Category and Aprima is very proud to have been ranked #1.
Aprima earned an overall score of 85.3, a significantly higher score than the vendor average in this category.
Physician satisfaction with Aprima is obvious: “About twice a year I get a phone call from KLAS. At the end of my last call we were talking and the interviewer said to me ‘You know, I talk to a lot of physicians using a lot of EMRs and Aprima physicians are the only ones who don’t universally hate their EMR.’ When I hear from doctors that they stay two hours at the end of their day finishing notes, it is inconceivable to me. In the seven plus years of using Aprima, that has never once happened. The tools that are in Aprima are such that 98 percent of the time, my note is finished before my patient hits the checkout window,” said Hank Lubin, MD, Hightstown Medical Associates.
“Best in KLAS is more than a ranking. It is a recognition of vendors committed to delivering superior solutions,” said Adam Gale, President of KLAS. “It gives voice to thousands of providers who are demanding better performance, usability and interoperability in healthcare technology.”
“Our entire team puts the customer at the forefront of everything we do – from providing world-class, US-based customer service to constantly updating our solutions to take advantage of new technologies and evolving market demands. This award is a reflection of our ongoing commitment to the customer and our dedication to serving this market,” said Michael Nissenbaum, president and CEO of Aprima. “Practices that use Aprima know they can rely on us to support them in meeting their financial goals, managing ever-changing government regulations and providing better patient care.”
This recognition closely follows Aprima receiving a top-tier rating from providers for the second consecutive year in the large and small clinic category in the KLAS report Ambulatory RCM Services 2017: Finding Consistent Partners and the Frost & Sullivan 2017 Award for Product Leadership.
KLAS is a research and insights firm on a global mission to improve healthcare delivery by amplifying the provider’s voice. Working with thousands of healthcare professionals and clinicians, KLAS gathers data and insights on software, services and medical equipment to deliver timely reports, trends and statistical overviews. The research directly represents the provider voice and acts as a catalyst for improving vendor performance. Follow KLAS on Twitter.
About Aprima Medical Software, Inc.
Aprima provides innovative electronic health record (EHR), practice management (PM), population health and revenue cycle management (RCM) solutions for medical practices. For two decades, the company has delivered quality solutions that have helped tens of thousands of users enhance patient care and satisfaction, as well as improve their practices’ bottom lines. The Aprima EHR/PM solution sets the benchmark for ease-of-use, speed and flexibility, thanks to its single application, single database and customizable design that adapts automatically to individual physician workflows. Aprima has a proven track record of compliance with government initiatives, such as Meaningful Use and ICD-10, has been awarded pre-validation status for NCQA PCMH recognition and has been given the Frost & Sullivan 2017 Award for Product Leadership. The company is based in Richardson, Texas and performs all development, support and implementation from within the U.S. To learn more about how Aprima can help your practice, please visit www.aprima.com, call us at 844 4APRIMA or email us at email@example.com.
The global appetite for mergers and acquisitions among professional services firms in the health sector has continued into 2018, with the purchase of Integra IT Solutions by DAS Health. The Las Vegas-based Integra is DAS Health’s fifth acquisition in recent years, as the firm bids to expand in anticipation of uncertainty in the healthcare segment.
Thanks to its aggressive campaign of acquisitions which has seen DAS bolt on five firms in less than three years, the company is already a leader in patient-centric health IT and management services and the largest national reseller of medical software. The firm additionally offers cloud hosting, managed IT, Security Risk Assessments, and MIPS/MACRA consulting, and medical billing solutions, among other services.
Technology is increasingly being viewed as a key asset in alleviating the increasingly strained healthcare systems of the Western world, with ageing populations meaning that time and resources must be better managed. Meanwhile, health insurance premiums are continuing to rise globally, making the health consulting segment particularly lucrative at present.DAS Health acquires Integra to strengthen healthcare IT offeringSubsequently, competition has become heated in the sector over the previous year in particular, as a number of consultancies participate in an arms race of sorts to best tap into the health market. In 2017, this saw Atos acquire three firms in the healthcare space, while the Advisory Board cashed in on its health education arms in a $26 billion sale.
Las Vegas-based Integra I.T. Solutions, an IT services provider, will further broaden DAS Health’s electronic health record services, and technology solutions while enhancing customer support and care. DAS plans to integrate Integra employees into its overall team, further expanding the company’s skill sets and talent pool. DAS will maintain its national headquarters in Tampa, Florida, and expects to merge its existing west coast operations into Integra’s Las Vegas office, in Nevada. The expanded company will now serve nearly 2,000 clinicians and more than 600 practices nationwide.
“Together with Integra’s suite of services, DAS Health will now be able to share new benefits and better serve both our existing and new clients,” David Schlaifer, DAS Health President and CEO, stated. “This acquisition marks an exciting phase of DAS’ continued rapid growth and ability to help independent physicians prosper in an evolving industry.”
Deepak Shroff, Managing Partner of Integra I.T. Solutions, who will be remaining in his position throughout the acquisition, added, “Joining the DAS Health brand allows us to expand and enhance our existing services, raising the bar as a business partner and healthcare solutions provider. I know that our clients are in good hands, with top of the line support from a recognized expert in the industry.”
TAMPA — DAS Health, a fast-growing health care IT management firm, has acquired Las Vegas-based Integra I.T. Solutions.
Terms of the deal weren’t disclosed.
The acquisition — DAS Health’s fifth in less than three years — broadens the firm’s electronic health record services and technology offerings, while enhancing customer support and care, according to a statement. The expanded company now serves nearly 2,000 clinicians and more than 600 practices nationwide.
Integra, the release adds, handles and supports several software platforms that expand DAS Health’s portfolio, including eMDs Plus, Lytec, Practice Partner and Medisoft EHR and PM platforms. “Together with Integra’s suite of services, DAS Health will now be able to share new benefits and better serve both our existing and new clients,” DAS Health President and CEO David Schlaifer says in a statement. “This acquisition marks an exciting phase of DAS’ continued rapid growth and ability to help independent physicians prosper in an evolving industry.”
DAS Health was founded in 2003. It had $11.9 million in revenue in 2016.