Covisint announced on Monday its acquisition of DocSite, a Raleigh, N.C.-based clinical decision support and quality performance management company whose web-based solutions aim to make better patient care easier for docs.
Terms of the all-cash deal were not disclosed.
The addition of DocSite's capabilities will help Covisint, a subsidiary of Compuware, bolster its solutions for exchanging and analyzing clinical and patient information in a secure environment across the healthcare delivery system. The offering will be immediately available to the more than 68,000 caregivers already on the Covisint platform, while positioning Covisint to win future business.
Adding DocSite to Covisint's secure platform-as-a-service model will give customers an advantage in securing stimulus funds through quality care, executives say. This will in turn give Covisint a competitive advantage in winning large state health information exchange (HIE) and other contracts related to the secure access and exchange of health information.
"The writing is on the wall: the U.S. healthcare system now demands outcome-based care, and this visionary acquisition positions Covisint as the leader in this space for years to come," said David McGuffie, Covisint's president and COO. "DocSite meets and exceeds the needs of doctors, hospitals and health systems in providing interconnected care, quality management and reporting – all of which helps physicians and hospitals obtain needed stimulus monies in today's competitive, pay-for-performance environment."
DocSite's point-of-care decision support, population management, quality and pay-for-performance reporting solutions – combined with Covisint's secure, highly scalable platform – offer the quality decision support and secure information delivery care givers need to meet meaningful use now and in the evolving world of accountable care organizations. Together, in addition to supporting HIE success, they will provide tools for measurement and offer seamless, simple usability at the point of care.
"Covisint's acquisition of DocSite is the right solution at precisely the right time, particularly in today's healthcare world of strategic, health information sharing initiatives that demand effective care, quality measurement and IT adoption," said John Haughton, MD, founder, chairman and CMIO for DocSite. "This potent set of care, quality and measurement tools – combined with Covisint's industry standard ExchangeLink platform – addresses the key needs in today's market, Beacon and PQRI requirements, and will evolve for years to come for physicians and health systems."
Together, the pairing will provide the market with solutions for the securing, exchanging, use and analysis of patient and population information. Additionally, this highly secure, cloud-based solution works with physicians' existing IT investments and complements existing workflows in either paper- or electronic-based settings.
