posted at 22:50
Author: Larry Zhou
Wed, 30 Jul 2014 05:00:25 +0000
Qualifacts raises money to bring its digital health records to more health care providers
What about mental health institutions or substance-abust facilities? Qualifacts, a provider of cloud-based electronic health record software, is expanding in this direction, thanks to recapitalization it announced today. Qualifacts provides an online service called CareLogic Enterprise, which enables behavioral health institutions to manage operation, clinical, and financial workflows such as patient intake, authorization, and billing. Behavioral health is a huge market, with more than 18,000 facilities across the country, said David Klements, Qualifacts' chief executive, in an interview with VentureBeat. Behavioral health institutions' workflow is different from that of hospitals, and the market is not historically well served by electronic health record vendors. Under the the Health Information Technology for Economic and Clinical Health Act and the Affordable Care Act, both office based doctors and hospitals are adopting EHR. Behavioral health providers adopt EHR for the large incentive programs tied to it. "Specialty behavioral health care providers don't have a lot of money to spend on electronic health records and they don't have a lot of experience implementing enterprise wide systems. So software as a service is the perfect solution for a customer base like that," Klements said. Qualifacts now serves more than 260 behavioral health organizations around the country, the company claims.

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