STOCK TITAN

Consensus Cloud Solutions and Olah Healthcare Technology Announce Partnership

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
partnership

Consensus Cloud Solutions (NASDAQ: CCSI) and Olah Healthcare Technology have announced a strategic partnership to modernize data exchange and access to patient health information. This collaboration aims to simplify the transition from outdated legacy systems to modern, cloud-based technology in healthcare.

Key points of the partnership include:

  • Olah will help customers migrate from on-premise faxing to Consensus' eFax Corporate® cloud fax platform
  • Integration of faxed data into comprehensive data archiving solutions
  • Enhanced data management, accessibility, and cost savings for healthcare organizations
  • Expanded market reach and new revenue opportunities for both companies

This partnership strengthens Consensus' position in healthcare cloud faxing and offers Olah's customers a streamlined transition to more efficient data retention strategies.

Consensus Cloud Solutions (NASDAQ: CCSI) e Olah Healthcare Technology hanno annunciato una partnership strategica per modernizzare lo scambio di dati e l'accesso alle informazioni sanitarie dei pazienti. Questa collaborazione mira a semplificare la transizione da sistemi legacy obsoleti a tecnologie moderne basate su cloud nel settore sanitario.

I punti chiave della partnership includono:

  • Olah aiuterà i clienti a migrare dalla faxazione on-premise alla piattaforma di fax cloud eFax Corporate® di Consensus
  • Integrazione dei dati faxati in soluzioni complete di archiviazione dei dati
  • Miglioramento della gestione dei dati, dell'accessibilità e risparmi sui costi per le organizzazioni sanitarie
  • Espansione della portata di mercato e nuove opportunità di guadagno per entrambe le aziende

Questa partnership rafforza la posizione di Consensus nel fax cloud sanitario e offre ai clienti di Olah una transizione semplificata verso strategie di conservazione dei dati più efficienti.

Consensus Cloud Solutions (NASDAQ: CCSI) y Olah Healthcare Technology han anunciado una asociación estratégica para modernizar el intercambio de datos y el acceso a la información sobre la salud de los pacientes. Esta colaboración tiene como objetivo simplificar la transición de sistemas heredados obsoletos a tecnologías modernas basadas en la nube en el sector de la salud.

Puntos clave de la asociación incluyen:

  • Olah ayudará a los clientes a migrar del fax local a la plataforma de fax en la nube eFax Corporate® de Consensus
  • Integración de datos faxados en soluciones integrales de archivo de datos
  • Mejora en la gestión de datos, accesibilidad y ahorros de costos para las organizaciones de salud
  • Ampliación del alcance de mercado y nuevas oportunidades de ingresos para ambas empresas

Esta asociación refuerza la posición de Consensus en el fax en la nube de atención sanitaria y ofrece a los clientes de Olah una transición más fluida hacia estrategias de retención de datos más eficientes.

컨센서스 클라우드 솔루션(NASDAQ: CCSI)과 올라 헬스케어 테크놀로지가 환자 건강 정보의 데이터 교환 및 접근을 현대화하기 위한 전략적 파트너십을 발표했습니다. 이 협력의 목표는 구식 레거시 시스템에서 현대적 클라우드 기반 기술로의 전환을 간소화하는 것입니다.

파트너십의 주요 사항은 다음과 같습니다:

  • 올라가 고객이 온프레미스 팩스에서 컨센서스의 eFax Corporate® 클라우드 팩스 플랫폼으로 이전하도록 지원
  • 팩스된 데이터를 포괄적인 데이터 아카이빙 솔루션에 통합
  • 헬스케어 조직을 위한 데이터 관리, 접근성 및 비용 절감 향상
  • 양사의 시장 범위 확대 및 새로운 수익 기회

이번 파트너십은 헬스케어 클라우드 팩스 분야에서 컨센서스의 입지를 강화하고 올라 고객에게 더 효율적인 데이터 보존 전략으로의 매끄러운 전환을 제공합니다.

Consensus Cloud Solutions (NASDAQ: CCSI) et Olah Healthcare Technology ont annoncé un partenariat stratégique pour moderniser l'échange de données et l'accès aux informations de santé des patients. Cette collaboration vise à simplifier la transition des systèmes hérités obsolètes vers des technologies modernes basées sur le cloud dans le secteur de la santé.

Les points clés du partenariat incluent :

  • Olah aidera les clients à migrer de la télécopie sur site vers la plateforme de fax cloud eFax Corporate® de Consensus
  • Intégration des données envoyées par fax dans des solutions complètes d'archivage de données
  • Amélioration de la gestion des données, de l'accessibilité et des économies de coûts pour les organisations de santé
  • Extension de la portée du marché et nouvelles opportunités de revenus pour les deux entreprises

Ce partenariat renforce la position de Consensus dans le fax cloud de santé et offre aux clients d'Olah une transition simplifiée vers des stratégies de conservation des données plus efficaces.

Consensus Cloud Solutions (NASDAQ: CCSI) und Olah Healthcare Technology haben eine strategische Partnerschaft angekündigt, um den Datenaustausch und den Zugang zu Patientengesundheitsinformationen zu modernisieren. Ziel dieser Zusammenarbeit ist es, den Übergang von veralteten Altsystemen zu modernen, cloudbasierten Technologien im Gesundheitswesen zu vereinfachen.

Wichtige Punkte der Partnerschaft umfassen:

  • Olah wird Kunden dabei helfen, von vor Ort faxen zur eFax Corporate® Cloud-Fax-Plattform von Consensus zu migrieren
  • Integration gefaxter Daten in umfassende Datenarchivierungslösungen
  • Verbesserte Datenverwaltung, Zugänglichkeit und Kosteneinsparungen für Gesundheitsorganisationen
  • Erweiterte Marktchancen und neue Einnahmemöglichkeiten für beide Unternehmen

Diese Partnerschaft stärkt die Position von Consensus im Bereich Cloud-Fax im Gesundheitswesen und bietet Olahs Kunden einen reibungslosen Übergang zu effizienteren Datenaufbewahrungsstrategien.

Positive
  • Strategic partnership with Olah Healthcare Technology expands Consensus' market reach in the healthcare sector
  • Potential for new revenue opportunities through offering eFax Corporate to Olah's extensive customer base
  • Enhanced product offering combining secure cloud faxing with data archiving solutions
  • Strengthened position as a trusted provider of cloud fax for healthcare
Negative
  • None.

Insights

This partnership between Consensus Cloud Solutions and Olah Healthcare Technology represents a strategic move in the healthcare technology sector. While it's a positive development for both companies, the immediate financial impact is likely to be modest. The collaboration aims to streamline the transition from legacy systems to cloud-based solutions, potentially accelerating adoption rates for Consensus' eFax Corporate platform.

For investors, this partnership could lead to incremental revenue growth for Consensus in the medium term, as it gains access to Olah's customer base. However, the magnitude of this growth will depend on the size of Olah's clientele and the rate of adoption. The partnership also enhances Consensus' competitive position in the healthcare interoperability market, which could strengthen its long-term prospects. Investors should monitor future earnings reports for concrete evidence of revenue impact from this collaboration.

The partnership between Consensus and Olah addresses a critical need in healthcare IT modernization. By combining Consensus' cloud fax technology with Olah's data archiving expertise, they're tackling two major pain points: outdated communication systems and inefficient data management. This integrated approach could significantly improve interoperability and data accessibility for healthcare providers.

From a technical perspective, the migration to eFax Corporate during legacy system decommissioning is a smart strategy. It allows for a seamless transition of faxed data into the new archiving platform, potentially reducing data loss risks and improving compliance. The emphasis on cloud-based solutions aligns with broader industry trends towards digital transformation in healthcare, positioning both companies favorably in a growing market.

While this partnership is strategically sound, its financial impact remains uncertain in the short term. Consensus Cloud Solutions (NASDAQ: CCSI) may see a gradual increase in its customer base and potentially its revenue, but the extent and timeline are not specified. Investors should note that such partnerships often have a delayed financial effect, as sales cycles in healthcare can be lengthy.

The collaboration could lead to cost savings for healthcare organizations, which might make Consensus' offerings more attractive. However, this could also pressure pricing. The expanded market reach and new revenue opportunities mentioned are positive indicators, but without specific financial projections, it's difficult to quantify the impact on Consensus' bottom line. Investors should look for updates in future earnings calls to gauge the partnership's success and its contribution to revenue growth.

Leading Healthcare Technology Providers Join Forces to Modernize Data Exchange and Access to Patient Health Information

LOS ANGELES--(BUSINESS WIRE)-- Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) a global leader of digital cloud fax technology and trusted provider of interoperability solutions, announces a strategic partnership with Olah Healthcare Technology, a leader in legacy data archiving services and solutions.

This collaboration unites two industry leaders with a shared goal of simplifying the transition from outdated legacy systems to modern, cloud-based technology. Olah will empower its healthcare customers to migrate from inefficient on-premise faxing to Consensus' leading cloud fax platform, eFax Corporate®, enabling a more streamlined and compliant data retention strategy. This mutually beneficial partnership not only strengthens Consensus’ position as a trusted provider of cloud fax for healthcare but also offers expanded market reach, heightened brand visibility, and new revenue opportunities for both organizations.

eFax Corporate is a highly secure, reliable, and low-cost alternative to traditional fax machines and can be easily integrated into existing applications and workflows. Olah helps its customers decommission and consolidate outdated systems in favor of a cloud-based data archiving solution. Simultaneously migrating its customers to eFax Corporate during this transition facilitates the incorporation of faxed data into a health system's comprehensive data archiving platform.

“We’re thrilled to partner with Consensus to offer our customers a streamlined transition from on-premise faxing to a cloud-based solution that supports seamless, simple, and secure fax archiving,” said Chad Hill, Chief Executive Officer at Olah Healthcare Technology. “This collaboration enables us to maximize cost-savings for our users while enhancing overall data management and accessibility.”

Bill French, Senior Director of Partnerships at Consensus adds, “This exciting partnership presents a significant avenue for growth as we introduce eFax to Olah’s extensive healthcare customer base. Fax communication continues to be a vital means of exchanging patient information, however, organizations still utilizing on-premise and paper-based fax solutions don’t have an efficient way to store or access that data. By combining our secure cloud faxing solution with Olah’s expertise in data archiving, healthcare organizations can further streamline their workflows, improve interoperability, and ensure robust data security.”

For more information, please visit consensus.com and olahht.com.

About Consensus Cloud Solutions

Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) is a global leader in digital cloud fax technology. With over 25 years of success with eFax® at its core, the company has evolved to be a trusted provider of interoperability solutions, leveraging artificial intelligence and secure data exchange to transform digital information, automate critical workflows, and maximize operational efficiencies. Consensus maintains industry-leading compliance standards, making it a preferred partner for heavily regulated industries including healthcare, the public sector, financial services, insurance, real estate, and manufacturing. For more information about Consensus, visit consensus.com.

About Olah Healthcare Technology

Olah makes it easy for healthcare systems and hospitals to let go of old applications without letting go of the critical information inside them. Olah’s modern enterprise archiving solution (EAS™) can move just one or all critical legacy systems at once using lift-and-shift technology that preserves data integrity and vital access. Olah’s solution works for any system, from EMRs to business systems, patient records to finance. For more information, visit olahht.com.

Media Relations

Christine Duval

mediarelations@consensus.com

(781) 519-8539

Source: Consensus Cloud Solutions, Inc.

FAQ

What is the purpose of the partnership between Consensus Cloud Solutions (CCSI) and Olah Healthcare Technology?

The partnership aims to modernize data exchange and access to patient health information by simplifying the transition from outdated legacy systems to modern, cloud-based technology in healthcare.

How will Consensus Cloud Solutions (CCSI) benefit from the partnership with Olah Healthcare Technology?

Consensus will gain expanded market reach, heightened brand visibility, and new revenue opportunities by offering its eFax Corporate platform to Olah's extensive healthcare customer base.

What solution does Consensus Cloud Solutions (CCSI) offer as part of this partnership?

Consensus offers eFax Corporate, a secure and reliable cloud fax platform that serves as a low-cost alternative to traditional fax machines and can be easily integrated into existing applications and workflows.

How does the partnership between Consensus (CCSI) and Olah benefit healthcare organizations?

The partnership enables healthcare organizations to streamline workflows, improve interoperability, ensure data security, and maximize cost-savings by transitioning from on-premise faxing to cloud-based solutions with integrated data archiving.

Consensus Cloud Solutions, Inc.

NASDAQ:CCSI

CCSI Rankings

CCSI Latest News

CCSI Stock Data

466.57M
18.98M
1.69%
95.28%
2.68%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
LOS ANGELES