MEDSEEK first-quarter net revenue up 38%

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May 21 2010

MEDSEEK, the industry's only provider of the eHealth ecoSystem^TM, today announced the continuation of its record-setting pace in 2009 with the announcement of a first quarter net revenue increase of 38 percent over the same period last year.

“By creating a 360-degree healthcare experience, the eHealth ecoSystem allows healthcare systems to focus on their most pressing eHealth initiatives, knowing they are also building the foundation for future endeavors.”

"With Meaningful Use deadlines looming, healthcare systems continue to seek ways to meet current and anticipated requirements. MEDSEEK's eHealth ecoSystem has proven to go beyond the Meaningful Use checklist, allowing our clients to leverage existing IT investments," said MEDSEEK CEO Peter Kuhn. "Clients can also use MEDSEEK solutions to increase service line revenue, facilitate secure access to EMRs and demonstrate return on assets."

Frederick Memorial, an existing client that has chosen to deepen its MEDSEEK relationship in 2010, recently achieved HIMSS Analytics Stage 6 for EMR adoption, placing the hospital among the top 1% of hospitals nationwide. According to David Quirke, CIO for the Maryland-based healthcare system, "The portability of data facilitated by our MEDSEEK relationship is one of the significant reasons we were able to accomplish this."

Quirke also attributed Frederick's high physician satisfaction numbers to its MEDSEEK relationship. "In fact, at a time when we might expect physician satisfaction to be at an all-time low regarding technology, it is higher than it has ever been," said Quirke.

New client UNC Health Care will focus its upcoming engagement with MEDSEEK on care coordination. "Patient portal functionality is an integral part of our health care system strategic plan," said Matthew Castellano, IT Director, Revenue Cycle Systems for UNC Health Care.

CHRISTUS Health, another new MEDSEEK client, will begin its engagement with a focus on the patient experience. "Once we have our enterprise-wide web site, we will quickly move to use the MEDSEEK risk assessment tools to build service line awareness and help our patients take a more wellness-focused approach to their own health care," stated CHRISTUS Health Director of eMarketing Michael Fouratt.

"MEDSEEK clients are using the ecoSystem to attract and engage patients and communities - like CHRISTUS Health is doing across 60 US cities - and to recruit and retain physician relationships the way that Frederick Memorial has done," said Kuhn. "By creating a 360-degree healthcare experience, the eHealth ecoSystem allows healthcare systems to focus on their most pressing eHealth initiatives, knowing they are also building the foundation for future endeavors."

First Quarter Site Launches