Category: Press Releases

DAS Health Announces Record 3 Concurrent Acquisitions

Tampa, Fla., Oct. 01, 2018 (GLOBE NEWSWIRE) — DAS Health, an industry leader in health IT and management, announced today it completed the acquisition of two Aurora, IL based digital health companies, M E Computer Systems, LLC and MECS Billing Services, LLC. The companies are two of three concurrent acquisitions by DAS Health in the past month. The third included the purchase of the Aprima® EHR book of business from CriticalKey, LLC, a Chicago-based consulting, software and management services company.

These acquisitions significantly expand the DAS Health footprint across the United States, and specifically within the greater Chicago metropolitan area. As a result, DAS Health has now added a Chicago regional office that will create opportunities for greater regional support, adding to their Las Vegas, NV regional office and Tampa, FL headquarters.

“Over the past 25 years, our mission has been to provide exceptional support and services to our clients and partners,” stated Ed Carlson, Founder & CEO of M E Computer Systems, who will be retiring. “DAS Health was the perfect fit to ensure that success continues into the future.”

With this addition, DAS Health’s size nearly doubles to well over 1,000 clients located throughout 47 states, and it solidifies their position as one of the largest resellers of Aprima®, eMDs, Medisoft and Lytec Practice Management and EHR solutions. These notable acquisitions are part of DAS Health’s buy-and-build strategy that was recently accelerated by a multi-million dollar credit facility through Fifth Third Bank (see https://dashealth.com/partnership-video).

“We have now completed eight significant transactions in the past three years, and four this year alone” said David Schlaifer, DAS Health President and CEO. “These acquisitions advance our growth strategy, increase our client diversification, strengthen our vendor partnerships, and most importantly, provide opportunities for our new and existing clients to deliver better patient outcomes.”

The value proposition for DAS Health’s new and existing clients is robust, as its award-winning offerings include EHR software sales, support and hosting, managed IT services, security risk assessments, MIPS/MACRA reporting & consulting, mental & behavioral health screenings, chronic care management, revenue cycle management (RCM) and other value-based care solutions.

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, with regional offices in Las Vegas and now in the Chicago area, DAS delivers superior health IT, RCM medical billing and practice management solutions for more than 1,000 clients, 2,500 clinicians and 10,000 users, caring for more than 10 million patients in 47 states across various EHR platforms, including Aprima, e-MDs, Lytec, Medisoft and others. DAS was recognized in 2018 for the 7th year in a row as a top healthcare company on the Inc. 500|5000 list of fastest growing privately held companies in the country. Visit DAShealth.com to learn more.

*Aprima is a registered trademark of Aprima Medical Software, Inc.
*e-MDs, e-MDs Plus, Lytec, and Medisoft are trademarks of eMDs, Inc.

DAS Health’s Vice President of Technology Solutions Appointed to the USF Cybersecurity for Executives Advisory Committee

DAS Health’s Vice President of Technology Solutions Appointed to the USF Cybersecurity for Executives Advisory Committee

Kyle Mynatt brings extensive healthcare information technology knowledge to the innovative committee

TAMPA, Fla. (August 6, 2018) – Kyle Mynatt, Vice President of Technology Solutions for DAS Health, an industry leader in health IT and management, has been appointed to the USF Cybersecurity for Executives Advisory Committee. This committee contributes to the School in many ways including sharing invaluable knowledge to the faculty and students, as well as overseeing the Cybersecurity for Executives Certificate Program.

Kyle brings his extensive 17+ years of experience in technology to this esteemed committee.  The last 7 of those years have been spent with DAS Health, where he currently oversees departments with responsibility for the cybersecurity of 8 million patients’ records and a real-time Disaster Recovery (DR) system that spans the continent, as well as other customer facing disciplines. Kyle also has 10 years of prior technical experience in the field; including his active duty in the Marines where he worked with the National Security Agency (NSA) in counter intelligence. During this time, he trained in multidiscipline intelligence collection and operations and became skilled in troubleshooting computer hardware and network issues. Kyle was honored as a 2017 Tampa Bay Business Journal Heroes at Work, an award that recognizes veterans who contributed to their community through their personal and professional endeavors.

“We are delighted for Kyle to be appointed to such a crucial advisory committee,” said David Schlaifer, President and CEO of DAS Health. “Kyle brings a unique background and approach to the committee through his experience in Health IT and the remarkable mentorship he provides to his team.”

Kyle will be part of a group of industry leaders that hold an expansive professional record ranging from start-ups to government intelligence. This impressive group will guide the course content and mentor the attending executives through an intense, two-day Executive Education Program that is designed to provide a ‘survival guide’ for the rising executives. Kyle will be utilizing the extensive knowledge he has gained to offer input on USF’s program, create potential internship programs, and visit classrooms and conferences.

For 7th Year DAS Health Listed on Inc. 5000

Industry Leader in Health IT and Management is Among Top 3.5% to Rank Seven Times Consecutively

Tampa, FL, Aug. 16, 2018 (GLOBE NEWSWIRE) — DAS Health, the Tampa-based industry leader in health IT and management, has been ranked on the Inc. 5000 List of the nation’s fastest growing companies for the 7th year in a row. This is a remarkable accomplishment, as only a fraction of companies have made the list twice, and only 3.5% of companies ranked have made the list seven or more times.

The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Microsoft, Dell, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

DAS achieved over 180% growth in just the last 3 years. “Our rapid growth has resulted in seven consecutive years on this prestigious list and is attributed to our strategic and unmatched position in the Health IT and management sector,” said David Schlaifer, President and CEO. “Through our relentless focus on client success and exceptional service, we have become an essential solution for physician offices nationwide.”

DAS Health Announces Health IT Career Fair, Welcomes Former CareSync Team Members

TAMPA, Fla. – June 22, 2018 – DAS Health, a leading provider of health IT and management solutions headquartered in Tampa Bay, has announced a career fair this coming Thursday, June 28th, open to the public. The event comes in light of recent local layoffs by healthcare technology company CareSync, offering industry workers the opportunity to learn more about open roles at DAS Health.

DAS Health recently completed its fifth acquisition in less than three years and secured an additional $6 million facility through Fifth Third Bank for further growth and expansion. As a result of continued rapid growth, DAS has current openings for up to 20 individuals with the right skill sets. Open positions include roles in sales, account management, revenue cycle management (RCM), billing, accounting, EHR technical and billing support staff, care coordination, and more.

“As a local small business owner, our people are our heart – DAS knows the importance of providing opportunities and stable roles for the individuals we work with day in and day out,” said David Schlaifer, President & CEO of DAS Health. “We hope to give back through this career fair and ultimately welcome talented team members to the DAS family. I encourage other business owners to do the same and open their doors to a community in need.”

The DAS career fair will take place Thursday, June 28th from 11-1pm at the DAS Health downtown Tampa headquarters, 1000 N. Ashley Drive. Former CareSync employees and all health IT and related job seekers are encouraged to attend. You can view more on DAS’ current openings at DAShealth.com/careers.

DAS Health Ranked Among Tampa Bay Business Journal Fast 50 for Record Ninth Consecutive Year

DAS Health Ranked Among Tampa Bay Business Journal Fast 50 for Record Ninth Consecutive Year
Image from Tampa Bay Business Journal

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.

 

View the full press release on Globe Newswire

How a Fast-Growing Tampa Health Tech Company Will Use New Access to Credit

David Schlaifer, CEO of DAS Health, last year announced a $145,000 capital investment to expand its headquarters in downtown Tampa and said it would add 30 jobs.

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

View original Tampa Bay Business Journal Article


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