7 Medical Acquires Softwise, Inc.
On-demand health IT service provider acquires medical billing software and expands revenue cycle management services
MINNEAPOLIS – January 22, 2016—7 Medical Systems®, LLC, a leader in on‐demand software and integration solutions for healthcare, today announced the acquisition of Softwise, Inc., a provider of medical billing software and services.
Based in Roanoke, Virginia, Softwise is a medical billing company providing reliable medical billing software and services to ambulatory clinics and healthcare providers. Softwise developed its own practice management and billing software that has enabled the company to achieve some of the fastest collection rates in the state. The combined product development team from both companies will be integrating Softwise’s practice management and billing software to 7 Medical’s X-HIS™ software.
“Softwise has a 20-year history of providing the highest levels of service to healthcare clients in Virginia and North Carolina,” said Jason Studsrud, chief executive officer of 7 Medical. “We are looking forward to integrating Softwise’s practice management and billing software into our X-HIS software platform. We believe this will expand our offerings and accelerate growth in our revenue cycle management (RCM) technology solutions and help achieve the highest levels of customer service and satisfaction.”
7 Medical’s X-HIS™ software is a powerful, robust platform for managing the key clinical and business functions of any healthcare specialty for improved patient outcomes—including marketing, sales, clinical, diagnostic imaging, revenue cycle management, enterprise content management, integration and business intelligence. The all-in-one integrated patient relationship management system is built on 7 Medical’s best practice platform utilizing the latest Microsoft technology stack. X-HIS is a health information system for any healthcare specialty or application (i.e., practice management system, EMR, RIS, PACS, or any other clinical or financial application). Depending on their business needs, practices have the flexibility to implement one or multiple modules at a time or choose a phased approach.
All employees of both organizations will be retained, and the Softwise office in Roanoke will remain intact. After a transition period, the combined company will operate under the name of 7 Medical Systems, LLC. Softwise customers will continue receiving services from the same Softwise staff, and will have access to other solutions from 7 Medical.
ABOUT 7 MEDICAL SYSTEMS, LLC
7 Medical Systems™, LLC (http://www.7medical.com) is a leading provider of cloud-based digital imaging, electronic medical records and revenue cycle management solutions for healthcare. The company delivers reliable, affordable cloud computing-based solutions to critical access hospitals, imaging centers, radiology groups and ambulatory clinics. Rather than investing capital to own and manage hardware and software in-house, healthcare facilities outsource these critical functions to 7 Medical. They trade in hefty capital expenses for more affordable monthly usage fees—paying only for what they use. 7 Medical’s clinical project managers enable facilities to efficiently automate workflows and integrate disparate systems to ensure successful integration, implementation and training. On-demand services are available anytime, anywhere, with 24/7 service and support and built-in disaster recovery, from a Type II SSAE 16 audited and HIPAA-compliant data center.
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7 Medical Systems, LLC