Today, Sentry Data Systems, Inc. announced its acquisition of Nashville-based Agilum Healthcare Intelligence. Sentry, the 2014 KLAS Category Leader for 340B Management Solutions, is a provider of SaaS-based technology and data analytics solutions that help healthcare organizations manage costs, compliance and outcomes. Agilum Healthcare Intelligence provides enterprise business intelligence solutions that help health systems improve operating performance through increased transparency and access to actionable financial information.
The acquisition is part of Sentry's visionary strategic plan for continued development and expansion of comprehensive financial analytics via its proprietary platform. Sentry's proven platform currently provides decision support for more than 76 million patients and more than 7,000 hospitals, clinics, integrated delivery networks (IDNs) and pharmacies.
"Since Sentry's founding in 2003, healthcare organizations have realized more than $4 billion in savings from Sentry solutions," said Travis Leonardi, Sentry's CEO and Founder. "Bringing to market the financial analytic and reporting solutions that meet our customers' business challenges remains central to our strategy. In Agilum, we see a highly compatible organization with great potential to strengthen and augment our proprietary platform. This acquisition is the next step in delivering on Sentry's core vision to make available the data analytics and business intelligence critical for managing the entire healthcare enterprise."
Agilum's offering complements Sentry's existing DataNext healthcare enterprise management solutions, which provide cutting-edge data analytics for pharmacy, supply chain, revenue integrity and margin optimization. The acquisition will add new capabilities to Sentry's current industry-leading offering, providing Sentry customers with enhanced visibility into the financial performance of every aspect of their business, including service line costs, labor productivity and revenue realization.
"Together with Sentry, we're going to help our customers transform their business operations to thrive in today's challenging, competitive environment, where value-based purchasing and other cost pressures put their margins at risk," said Mark McCurry, Agilum's CEO. "With the pervasive financial transparency that our solutions provide, health systems will be able to implement world-class business practices to optimize their financial performance, while delivering the highest-quality care."
Many healthcare leaders know Sentry as a leading provider of 340B management solutions for hospital pharmacies and other covered entities, as well as their contract pharmacies. This strategic initiative moves Sentry beyond providing vital analytics for the pharmacy to enabling improved financial performance across the entire healthcare enterprise. This new combination of capabilities and talent will provide Sentry customers with superior solutions for managing costs, improving revenues and delivering high-value care across all departments and service lines.
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