Illinois-based provider of healthcare related imaging software solutions, Merge Healthcare Incorporated (MRGE), recently signed on Primordial Design – a customized radiology solutions provider – as its strategic partner.
This collaboration will allow Primordial's analytics suite RadMetrix to integrate with Merge's proprietary picture archiving communication system Merge PACS and in turn, offer easy availability of real-time reporting and dashboards to radiology departments.
Through this partnership, RadMetrix, after collecting data from multiple sources, will amalgamate with the Merge PACS system to offer a single, comprehensive view of imaging and operational data that will facilitate decision making for physicians. This will naturally help improve workflow and productivity within the radiology department.
Management at Merge strongly believes that the combination of Primordial's business intelligence solution with the former's PACS communication system will open roads for customers to have quick and hassle-free access to data with maximized workflow. Additionally, it will help reduce overall cost and improve patient outcomes.
Of late, Merge has added new features to its existing Merge PACS system and launched the brand new Merge PACS 7.0 version in Nov, 2014. This new system has been designed to support enterprise health systems and tele-radiology.
The Merge PACS 7.0 directly integrates with the market leading iConnect Network – the latest version of which was launched last month. This latest iConnect Network has brought electronic order processing and patient referrals into the existing data exchange network, delivering orders directly into imaging center sites.
Moreover, the company unveiled its Merge One cloud-based radiology solution a few days back, which will allow ambulatory radiology sites to boost their businesses.
In our opinion, such efforts by Merge reflect its commitment toward continuous upgradation of its radiology solutions system coupled with consistent investment in new technology. We expect such strategic moves to attract more customers for Merge's innovative solutions, which should eventually ramp up its profit margin.
Zacks Rank
Currently, Merge Healthcare holds a Zacks Rank #2 (Buy). Some other well-placed stocks worth reckoning in the medical sector are Affymetrix Inc. (AFFX), AMAG Pharmaceuticals, Inc. (AMAG) and ANI Pharmaceuticals, Inc. (ANIP). All the three stocks sport a Zacks Rank #1 (Strong Buy).
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