Veradigm Announces New and Expanded Provider Partnerships

Rhea-AI Summary

Veradigm Inc. (NASDAQ: MDRX) has signed two multi-year healthcare provider agreements during the second quarter. State of Franklin Healthcare Associates (SOFHA), one of Veradigm's largest EHR clients, expanded its agreement to include Veradigm Revenue Cycle Services. Total Orthopedics and Sports Medicine also contracted for Veradigm Revenue Cycle Services, Veradigm Payerpath, Veradigm Guided Scheduling, and Veradigm FollowMyHealth to enhance patient experience and billing process. Veradigm's technology and services have helped drive growth across the business.

CHICAGO--(BUSINESS WIRE)-- Veradigm Inc. (NASDAQ: MDRX) announced today the signing of two multi-year healthcare provider agreements during the second quarter.

One of Veradigm’s largest Veradigm EHR clients, State of Franklin Healthcare Associates (SOFHA), a physician-owned and led primary care and multi-specialty healthcare system in upper East Tennessee and Southwest Virginia, expanded its agreement with Veradigm to include Veradigm Revenue Cycle Services. “SOFHA is comprised of over 250+ providers and envisions continued smart-growth opportunities in the years to come, as such we are focused on optimizing value-based care and were looking for a common technology platform and a partner we can trust,” said Amanda Clear, Chief Operating Officer of SOFHA. “Given our experience with Veradigm EHR, along with the value we saw in Veradigm’s Revenue Cycle Services, it became clear that Veradigm was the vendor to select.”

Also, during the quarter, Total Orthopedics and Sports Medicine contracted for Veradigm Revenue Cycle Services, Veradigm Payerpath, Veradigm Guided Scheduling and Veradigm FollowMyHealth to enhance their patient experience and billing process. Total Orthopedics is a 40-provider orthopedic, spine, and sports medicine group with multiple locations in the greater New York Area, Long Island, and Northern New Jersey. “A top priority of Total Orthopedics has been to enhance our patient’s experience,” said Dr. Charles Ruotolo, M.D., President Total Orthopedics and Sports Medicine. “We’re excited to work side by side with Veradigm’s experienced team and software platforms to better support our billing processes and increase patient communication.”

Veradigm’s breadth of technology and services offered to small, medium and large ambulatory practices has helped drive growth across the business. “We are uniquely positioned to support the needs of primary care and specialty practices. Providers continue to select solutions within the Veradigm Network to optimize operational efficiency, improve productivity, and increase collections,” said Tom Langan, Veradigm President and Chief Commercial Officer.

About Veradigm®

Veradigm is a healthcare technology company that drives value through its unique combination of platforms, data, expertise, connectivity, and scale. The Veradigm Network features a dynamic community of solutions and partners providing advanced insights, technology, and data-driven solutions, all working together to transform healthcare insightfully. For more information on Veradigm, visit www.veradigm.com, or find Veradigm on LinkedIn, Facebook, Twitter, and YouTube

© 2023 Veradigm Inc. and/or its affiliates. All Rights Reserved.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the Company’s beliefs and expectations relating to the growth of its businesses, including its Provider business. These forward-looking statements are based on the current beliefs and expectations of the Company’s management with respect to future events, only speak as of the date that they are made and are subject to significant risks and uncertainties. Such statements can be identified by the use of words such as “future,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “will,” “would,” “could,” “continue,” “can,” “may,” “look forward,” “aim,” and similar terms, although not all forward-looking statements contain such words or expressions.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230720732009/en/

Investors:

Jenny Gelinas

312-506-1237

jenny.gelinas@veradigm.com

Media:

Concetta Rasiarmos

312-447-2466

concetta.rasiarmos@veradigm.com

Source: Veradigm Inc.

FAQ

What agreements did Veradigm sign during the second quarter?

Veradigm signed agreements with State of Franklin Healthcare Associates (SOFHA) and Total Orthopedics and Sports Medicine.

What services were included in SOFHA's expanded agreement with Veradigm?

SOFHA expanded its agreement to include Veradigm Revenue Cycle Services.

What services did Total Orthopedics and Sports Medicine contract for?

Total Orthopedics and Sports Medicine contracted for Veradigm Revenue Cycle Services, Veradigm Payerpath, Veradigm Guided Scheduling, and Veradigm FollowMyHealth.

What is Veradigm's role in enhancing patient experience and billing process?

Veradigm's technology and software platforms help support billing processes and increase patient communication.

What has driven growth across Veradigm's business?

Veradigm's breadth of technology and services offered to ambulatory practices has helped drive growth.