Author Archives: Dylan Stark

Virence Health Technologies – New Name, New Look Still Your Partner in Achieving Better Outcomes

As you know, our partner, the Value-Based Care group of GE Healthcare was recently acquired by Veritas Capital in July. This acquisition included the Centricity™ portfolio of solutions for workforce management, revenue cycle management and ambulatory practice management.

Today is an exciting day. They have announced the name of their new company and it is our pleasure to introduce Virence Health Technologies.

We are dedicated more than ever to delivering innovative software and services that positively impact the most vital needs of your healthcare business. Together we will deliver optimal outcomes and make a difference in the lives of your patients.

Lastly, please mark your calendars for the upcoming Virence Customer State of the Union on Thursday, October 18th. Detailed information and registration will be communicated soon.

Thank you,
Quatris Health

About Virence Health Technologies, the Rebranded GE Healthcare Value-Based Care Solutions Group

Virence Will Be An Essential Resource for Customers to Drive Better Healthcare Outcomes

GE Healthcare’s Value-Based Care Solutions Group, recently acquired by Veritas Capital, today announced its rebranding to Virence Health Technologies. The company is a leading software provider that leverages technology and analytics to help healthcare providers across the continuum of care effectively manage their financial, clinical and human capital workflows.

“Our new name, Virence, positions our company as an indispensable partner to our customers,” said Bob Segert, Chairman and CEO of Virence. “Virence plays an essential role in helping customers thrive in an increasingly complex environment, and we intend to combine fast-moving innovation with an unmatched passion for success to positively impact our customers’ evolving business needs.”

Virence‘s revenue cycle, ambulatory practice and workforce management solutions are backed by advanced analytics and are driven by over 30 years of expertise in healthcare software and services. The Virence portfolio includes:

Revenue Cycle Management Solutions: Virence offers powerful tools, services, and an EDI Clearinghouse optimize revenue cycle operations, better connect payers and providers, and enable customers to thrive in an environment of mixed reimbursement models.

Ambulatory Care Management Solutions: Virence provides comprehensive solutions to streamline primary and specialty care workflows including EMR, clinical documentation, quality reporting, analytics, and population management.

Workforce Management Solutions: Virence has industry-leading software, analytics, and consultative services empower health systems to manage labor costs and optimize their workforce, enabling quality patient care delivery.

Current Virence customers are looking forward to continued collaboration to drive outcomes to help improve healthcare. Dr. Fred Rachman, CEO of AllianceChicago said, “This is an exciting milestone for Virence. We are thrilled to be working with such an innovative company, and look forward to continuing to utilize their cutting edge technology as we work to transform Community Health.” Etan Walls, CEO of Adjuvant.Health, added, “Virence is a rare company with an innovative and thoughtful leadership team. This rebirth will allow the Company to continue to change our world with the same empathy, respect, quality, and determination they have always shown, and we look forward to working with them for years to come.”

For more information, visit www.virencehealth.com and follow Virence on Twitter at @VirenceHealth and on LinkedIn.

About Virence Health Technologies

Virence Health Technologies is a leading software provider that leverages technology and analytics to help healthcare providers across the continuum of care effectively manage their financial, clinical, and human capital workflows. Offering a comprehensive suite of innovative technology-enabled solutions, Virence aims to improve quality, increase efficiency, and reduce waste in the healthcare industry.

About Veritas Capital

Veritas Capital is a leading private equity firm that invests in companies that provide critical products and services, primarily technology and technology-enabled solutions, to government and commercial customers worldwide, including those operating in the aerospace & defense, healthcare, technology, national security, communications, energy, government services and education industries. Veritas seeks to create value by strategically transforming the companies in which it invests through organic and inorganic means.

Value-Based Care Solutions Group/Veritas Capital Transaction Close

July 11, 2018

I’m very pleased to announce that Veritas Capital’s acquisition of GE Healthcare’s Value-Based Care Solutions Group has officially closed, and we are now an independent company that is part of the Veritas Capital portfolio. As you may know, Veritas is a leading private equity firm that invests in companies that provide critical products and services – primarily technology and technology-enabled solutions – to government and commercial customers worldwide.

This marks an exciting moment for all of us – the first day of a new journey to a better and stronger partnership with you. With the closing behind us, we are now laser focused on ensuring there is ZERO disruption to you. Additionally, we are working diligently to ensure that we improve our ability to deliver successful outcomes for you with a renewed focus on service and on delivering products that will help you succeed.

For a short period of time, we will continue to operate under the GE name until we launch our new company brand, which we expect to happen within the next couple of months. We are committed to becoming an essential resource for you by providing solutions that drive real, impactful results. To that end, you can expect to see our team working even more closely with you and being even more responsive to your needs.

To keep you informed, we will be scheduling product line Town Hall webinars soon to share additional updates.

Thank you for your valued partnership!

Welcome to our next chapter,
Jon Zimmerman
President

If you have any questions or comments, please contact any member of the Quatris leadership team, your Account Manager or Sales Representative.
817.282.0300 or info@quatris.com

Veritas Capital to Acquire GE’s Healthcare IT Business

GE Healthcare has reached an agreement to sell its ambulatory care, revenue cycle and workforce management software businesses to Veritas Capital. Veritas is a leading private equity firm that invests in companies that provide critical products and services, primarily technology and technology-enabled solutions, to customers worldwide.

Veritas is a well-capitalized firm with a strong ability to invest for growth. Veritas brings a culture of intense customer focus and a drive for growth through focused R&D and product innovation, as well as a deep understanding of the urgent need to digitalize our healthcare system. Additionally, they have a strong investment track record of strategically transforming leading companies in the healthcare information technology space.

GE Healthcare and Veritas will work together to ensure a smooth and professional handover after the transaction closes, which is expected in the third quarter.

Quatris will continue “business as usual” and do everything we can to make this transition seamless for our customers. Quatris is committed to keeping you proactively informed and extremely satisfied with our services.

For additional information, visit: https://www.genewsroom.com/press-releases/veritas-capital-acquire-revenue-cycle-ambulatory-care-and-workforce-management

 

 

 

Press Release 2017 (DataDrivers)

DataDrivers Partners with Quatris Health

We are pleased to announce the partnership between DataDrivers and Quatris Health. Quatris customers will soon be able to purchase DataDrivers’ products through Quatris Health. Initially the partnership will focus on DataDrivers’ dynamic EHR forms, including the Orthopedic Office Visit and Physical Therapy Encounter Forms. Eventually nearly all of DataDrivers EHR and Revenue Cycle products will be available through Quatris, including access to more payment options and faster installation. Stay tuned for further details later this fall.

Organizational Changes at Quatris Health

Bedford, Texas ― October 15, 2013 ― Ten months after a merger between Alliance Healthcare and Final Support created Quatris Health, the combined company is optimizing its operations through the adoption of a new, centralized structure. The organizational restructuring will be overseen by Peter Bauerlein, who was recently named chief operating officer. Bauerlein previously served as the company’s president of technical services.

In recent months, changes in Medicare jurisdiction, diagnostic codes and Meaningful Use requirements have led to an increase in phone calls from Quatris’ customers, most of which are medical practices with 10 providers or fewer. The overall goal of the reorganization, said Bauerlein, is “to empower every member of the company to meet our customers’ needs in a timely, experienced and informative way.”

As part of this shift, Quatris’ employees have been given new job titles that better explain their relationship to the customer and include the word “service.” “We are a service organization, so it is only fitting that we should have service at the forefront of our structure,” Bauerlein continued. “Rather than dividing departments according to internal functions, each team is organized by the role it plays for our customers.” The new structure should be in place in early 2014.