Mirth, LLC, a wholly owned subsidiary of Quality Systems, Inc. QSII, recently announced that its wide range of solutions will be utilized by HealthShare Exchange of Southeastern Pennsylvania (“HSX”). HSX is a non-profit health information exchange (HIE) organization that coordinates between major healthcare stakeholders, including medical practices, clinics, health plans and acute care hospitals, in Southeastern Pennsylvania.
Under the terms of the deal, HSX will deploy several Mirth solutions to facilitate safe exchange of patient health records and claims data across Southeastern Pennsylvania.
HSX will use Mirth Mail in order to elevate the quality of clinical communications. Mirth Connect will help connect with hospital health information systems to receive varied categories of data. HSX will also set up Mirth Match as a master patient index and Mirth Results as a central data repository.
Mirth’s solutions will enable HSX members to collaborate by providing shared access to patient health records and claims data at the point of care, regardless of the health information technology platforms used. This will naturally help elevate overall standards across the care continuum.
We believe the contract win will bode well for Quality Systems. The collaboration will increase the visibility of Mirth’s solutions and pave the way for more prospective deals. Notably, in Jan 2015, Mirth had signed an agreement with Health Information Network of Arizona (HINAz) to facilitate safe bidirectional exchange of patient health information among the latter's participants.
Notably, to date, the takeover of Mirth (in 2013) has been quite accretive for Quality Systems, playing a vital role in expanding the company’s pipeline and acquiring new contracts.
In Apr 2015, Mirth launched a new population health management suite, Mirth Care Enterprise, which will attempt to fill the gap between population health management and individual patient care.
Zacks Rank
Currently, Quality Systems has a Zacks Rank #3 (Hold). Better-ranked medical stocks at the moment include AMN Healthcare Services AHS, Cancer Genetics CGIX and INC Research Holdings INCR. All the three stocks sport a Zacks Rank #1 (Strong Buy).
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