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ACS, A Xerox Company, to Acquire CredenceHealth, Inc.; Adds Cloud-Based Solution to Help Healthcare Providers Enhance Quality o

^{Published on 2011-03-21 05:05:35 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ Affiliated Computer Services, Inc. ] (ACS), A [ Xerox ] Company (NYSE: XRX), today announced a definitive agreement to acquire CredenceHealth, Inc., creating a simple way for healthcare providers to use patient information to predict and prevent complications.

"Through our advanced technology that analyzes the insights found inside the massive amounts of information regarding a patienta™s condition, wea™re giving healthcare providers real-time relevant knowledge so they can better focus on giving patients the care they need"

Nashville, Tenn.-based CredenceHealth provides software that captures and analyzes patient data to assist hospitals, health plans, and providers [ improve quality of care ] and compliance with [ meaningful use ] regulations.

By integrating CredenceHealtha™s clinical surveillance tools with ACSa™ core suite of managed care solutions under the [ Midas ] software brand, ACS will now offer a cloud-based solution that actively monitors patient data a" original diagnosis, laboratory and radiology reports, medications, vital signs, etc. This data is accessible to hospital staff from any Internet browser using a secure password-protected system.

The new solution, named Midas+ Live, works with a hospitala™s Electronic Medical Record (EMR) system, and alerts caregivers when any of thousands of possible changes in a patienta™s condition happen simultaneously a" such as an increase in temperature or low blood pressure, combined with various lab and radiology results. This information can then be used to inform the caregiver prior to a decline in the patienta™s condition.

aThrough our advanced technology that analyzes the insights found inside the massive amounts of information regarding a patienta™s condition, wea™re giving healthcare providers real-time relevant knowledge so they can better focus on giving patients the care they need,a said Tom Simas, managing director for ACSa™ Midas+ solutions.

The CredenceHealth [ software-as-a-service ] offering is certified by the Office of the National Coordinator as a clinical quality measures reporting module for meaningful use. Therefore, providers using Midas+ Live will be eligible for stimulus dollars from the HITECH and American Recovery and Reinvestment Act.

aWe have experienced great gains in quality outcomes and efficiencies since adding CredenceHealtha™s tools to our organization. Our colleagues benefit from having this information and intelligence at their fingertips,a said Scott Raynes, president and CEO, NorthCrest Medical Center in Springfield, Tenn. aThe addition of CredenceHealth to our existing ACS Midas+ processes and products creates a powerful combination, helping us accomplish all of the new regulatory requirements, freeing us to deliver even better care to our patients.a

All CredenceHealth products and services will be integrated into Midas+ solutions, which help to improve staff efficiency, enhance patient safety and increase hospital profitability. CredenceHealtha™s management team and employees will join ACS. Justin Lanning, CEO, CredenceHealth, will serve as vice president of business development, ACS Midas+.

About Xerox

Xerox Corporation is a $22 billion leading global enterprise for business process and [ document management ]. Through its broad portfolio of technology and [ services ], Xerox provides the essential back-office support that clears the way for clients to focus on what they do best: their [ real business ].Headquartered in Norwalk, Conn., Xerox provides leading-edge [ document technology ], services, software and [ genuine Xerox supplies ] for [ graphic communication ] and [ office printing environments ] of any size. Through ACS, A Xerox Company, which Xerox acquired in February 2010, Xerox also offers extensive [ business process outsourcing ] and [ IT outsourcing services ], including data processing, HR benefits management, finance support, and customer relationship management services for commercial and government organizations worldwide. The 136,000 people of Xerox serve clients in more than 160 countries.For more information, visit [ http://www.xerox.com ], [ http://news.xerox.com ], [ http://www.realbusiness.com ] or [ http://www.acs-inc.com ]. For investor information, visit [ http://www.xerox.com/investor ].

About CredenceHealth, Inc.

CredenceHealth automates Core and eMeasure compliance and identifies emerging complications via a unique Clinical Intelligence Engine. CredenceHealth web-based infrastructure delivers meaningful and actionable clinical surveillance in real-time a" while patients are still in the hospital a" utilizing evidence-based medical research and best practice standards (e.g., CMS, HITSP, CDC, NSQIP, and other published standards). [ http://www.credencehealth.md ]

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