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For providers considering how to assemble a viable accountable care organization, experts say the key is to first have a strong care coordination system in place. Without cohesion and collaboration among clinicians, an ACO has no chance of getting off the ground, says John Shankman, senior vice president of clinical innovation for New York-based AMC Health.
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Imprivata, the healthcare IT security company, is going full-force into the patient identification market with its announcement today of its purchase of HT Systems, a provider of vein-scan biometric technology. Executives at Imprivata and HT Systems gave Fortune an exclusive preview of the deal this week, and said they would provide more details at Imprivata’s quarterly earnings call May 4.
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Lexington health care technology company said Thursday that it has acquired a small firm that makes a product with big potential: a palm-scanning patient identification system.
Imprivata Inc. said it will pay $19 million, plus up to $7 million in additional payments over the next two years, for HT Systems of Tampa . HT Systems sells a system that helps hospitals and medical offices identify patients and access their records by scanning a patient’s palm.
News
Imprivata, a Lexington, Mass.-based health IT security vendor, has acquired HT Systems, a Tampa, Fla.-based provider of palm-vein based biometric patient identification systems for approximately $19.1 million in cash at closing.
News
Marking its entry into the patient identification market, health IT security company Imprivata has acquired Tampa, Fla.-based HT Systems, which develops technology for palm-vein-based biometric patient ID.
News
Imprivata (NYSE: IMPR) is paying $19.1 million upfront to purchase HT Systems, a Tampa, FL-based maker of a device that can scan the veins in a person’s palms, which helps hospitals and clinics retrieve a patient’s medical records after identifying him or her. Imprivata will pay as much as $6.9 million in the future if the device retains a certain level of clients and hits sales goals.
News
Technology that identifies health care patients by reading the veins in the palm of their hands has paid off big for a Tampa biometrics company.
HT Systems of Tampa was acquired by Imprivata (NYSE: IMPR), a Lexington, Mass.-based firm, for $19 million in cash, although the deal value could rise as high as $26 million, based on achieving sales targets and retention over the next two years, a statement said.
Press
Lexington, Mass. — (BUSINESS WIRE) — May 4, 2015 — Imprivata® (NYSE: IMPR), the healthcare IT security company, today announced financial results for the first quarter of fiscal 2015. Revenues for the first quarter of 2015 were $25.6 million, an increase of 32% from revenues of $19.4 million for the same period in 2014.
News
Lexington, Mass.-based Imprivata has acquired Tampa, Fla.-based HT Systems for $19 million in cash.
Imprivata is a health IT security company providing authentication and access management solutions for the healthcare industry. HT Systems provides biometric patient identification technology, such as its PatientSecure palm scanners that distinguish patients by analyzing the vein patterns in their hands.