I was a little behind on this news but I only recently learned that ELLKAY acquired CareEvolve in February of this year from OPKO Health. CareEvolve was previously a unit of BioReference Laboratories which had been purchased by OPKO (see: ELLKAY Completes Acquisition of CareEvolve Laboratory Portal and Connectivity Platform). Apparently OPKO did not find CareEvolve's software business a good fit for them. Here's an excerpt from this article about CareEvolve's business model:
The CareEvolve portal and interfaces power routine clinical, anatomic pathology, genomics, toxicology, and other types of laboratories, providing the electronic clinical workflow support between the point of care and laboratory. CareEvolve provides its laboratory customers with a broad range of features supporting the needs of physician offices, hospital clients, long-term-care facilities, prisons, and patient-service-center workflows.
CareEvolve provides services similar to those of Atlas Medical. One major business line for CareEvolve is thus the support of hospital lab outsourcing to physician offices. The company is certainly a good fit for ELLKAY. Copied from its web page describing the services it provides to clinical labs (see: Diagnostics Laboratories), it summarizes its mission in the following way:
We understand how the increase in EMRs and electronic orders and results is reshaping the healthcare industry. Our comprehensive suite of products and services offer all the solutions laboratories need, including providing software to practices for electronic orders and results, connecting to practice EMRs for electronic results delivery, and cross-reference insurance mapping, as well as connectivity to patient demographic and insurance information.
ELLKAY has a far broader mission than labs, however. Here is a brief summary of its services for hospital and health systems:
As these hospitals and healthcare institutions grow, they inherit new priorities and challenges. One of the major challenges is decommissioning the old EMR and keeping legacy data accessible when moving to a new EMR/EHR....Additionally, healthcare organizations are now finding it a necessity to aggregate various patient data from disparate source systems.....[I]t is a challenge for healthcare organizations to connect to the hundreds of disparate systems in the thousands of individual practices for the patient data they need.
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