iMedX Announces Acquisition of PRN Medical Management
Save PDFiMedX expands its reach in the Washington DC Metro region of the United States
SHELTON, Conn. — Jun. 8, 2010 — iMedX Inc., a leading healthcare software and services company, announced today that it has acquired the assets of PRN Medical Management, LLC (PRN), a medical transcription company serving medical clinics primarily in Maryland, Washington, D.C., and Virginia for over 18 years. With the acquisition of PRN, iMedX expands its base in the Washington, D.C. metro area and beyond. PRN’s employees in India will be absorbed by iMedX’s subsidiary, Worldtech. Using iMedX’s revolutionary TurboScribe® platform for medical transcription, PRN’s customers will enjoy the benefits of easy and efficient transcription workflow. Furthermore, TurboScribe’s integration with leading Electronic Medical Record (EMR) systems allow customers to maintain a paperless environment and raise their quality of care, while paving the way for adherence to the Obama administration’s ‘meaningful use’ guidelines. Additionally, PRN’s customers can take advantage of iMedX’s other Internet-based products such as TurboRecord® - iMedX’s low-cost, subscription-based EMR system, and TurboRx® - an ePrescribing system that allows error-free prescribing with pharmacies across the country.
Venkat Sharma, iMedX’s President and CEO, along with the current iMedX management team, will lead the combined companies. PRN’s founder and CEO, Gabriela Perazzo, will work with iMedX through the transition even as she develops her passion in online newsletters and seminars.
“With the increase of federal government requirements for technology in healthcare, many small transcription companies are realizing they lack the resources to keep pace,” stated Mr. Sharma. “Forward-thinking companies, such as iMedX, with a scalable and seamless worldwide workforce and powerful technology to automate medical documentation management, are instrumental in achieving significant improvement in the quality of care. With the evolution of the Obama administration’s ‘meaningful use’ guidelines, it is imperative to use the online delivery and portability of medical documentation that iMedX provides.”
Mr. Sharma added, “On the heels of our acquisition of Medware, MedeFlow and Worldtech last year, this acquisition is an essential part of our strategy to grow through direct sales as well as acquisitions, and propagate TurboScribe® software throughout our transcription customer base, while concurrently rolling out other products to help physicians lower costs and increase revenues. Through this strategy iMedX intends to grow into a major force in the clinical documentation software and services industry.”
About iMedX, Inc
iMedX is a leading US-based outsource provider of healthcare software and services to hospitals and medical practices throughout the U.S. iMedX’s innovative Internet-based transcription delivery platform, TurboScribe® delivers high-quality transcriptions to thousands of providers across the United States. iMedX’s TurboRecord® electronic medical record service and an e-prescription platform TurboRx® allows doctors to comply with HIPAA guidelines and minimize costs. For more information please visit www.imedx.com.
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