Centricity

Last updated
Centricity
Developer(s) GE Healthcare
Available in English
Type clinical information systems
electronic medical records
health informatics
practice management
revenue cycle management
Website www.gehealthcare.com/centricity

Centricity is a brand of healthcare IT software systems [1] from GE Healthcare, formerly a division of General Electric. It includes software for independent physician practices, academic medical centers, hospitals and large integrated delivery networks. The various modules perform practice management, revenue cycle management, electronic medical records, medical imaging, and other functions.

Centricity was introduced in 2003 with two applications, Centricity EMR and Centricity Physician Office - Practice Management. The products were acquired by what was then GE Medical Systems in 2002 [2] and 2003 [3] respectively, and released future versions of both products under the Centricity name. Additional products were added to the Centricity brand, such as Centricity Perinatal, Centricity Perioperative.

GE Healthcare acquired IDX Systems in 2006 [4] and re-released its products under the Centricity brand.

Centricity Enterprise is being phased out with GE leaving the hospital EMR business to focus Centricity on EMR for medical practices. [5] However, on April 2, 2018, General Electric announced it was selling some business assets including Centricity Business, Centricity Group Management, Centricity Practice Solution, and Centricity EMR to Virence Health, a subsidiary of Veritas Capital. [6] The deal closed on July 11, 2018. [7] Virence subsequently merged with athenahealth - another medical software vendor purchased by Veritas Capital in 2019. [8] [9]

The Centricity brand continues to be owned by GE Healthcare. [10]

Related Research Articles

GE HealthCare Technologies Inc., trading as GE HealthCare, is a global medical technology company headquartered in Chicago, Illinois. It was spun-off from GE on January 4, 2023, with GE retaining 20%. As of 2017, it is a manufacturer and distributor of diagnostic imaging agents and radiopharmaceuticals for imaging modalities used in medical imaging procedures. It offers dyes used in magnetic-resonance-imaging procedures; manufactures medical diagnostic equipment, including CT image machines; MRI, XRAY; Ultrasound; Cath Labs; Mammogram; Nuclear Medicine Cameras; and develops Health technology for medical imaging and information technologies, medical diagnostics, patient monitoring systems, disease research, drug discovery, and biopharmaceutical manufacturing. It was incorporated in 1994 and operates in more than 100 countries.

<span class="mw-page-title-main">Electronic health record</span> Digital collection of patient and population electronically stored health information

An electronic health record (EHR) is the systematized collection of patient and population electronically stored health information in a digital format. These records can be shared across different health care settings. Records are shared through network-connected, enterprise-wide information systems or other information networks and exchanges. EHRs may include a range of data, including demographics, medical history, medication and allergies, immunization status, laboratory test results, radiology images, vital signs, personal statistics like age and weight, and billing information.

IDX Systems Corporation (IDX) was a healthcare software technology company that formerly had headquarters in South Burlington, Vermont, United States. It was founded in 1969 by Robert Hoehl, Richard Tarrant, and Paul Egerman. IDX was acquired by General Electric and incorporated into its GE Healthcare business unit in 2006. A portion of the former IDX business were sold by GE to private equity firm Veritas Capital in 2018. The resulting company was named Virence. In 2019, Virence was merged into athenahealth.

<span class="mw-page-title-main">Cerner</span> American healthcare company

Cerner Corporation is an American supplier of health information technology (HIT) services, devices, and hardware. As of February 2018, its products were in use at more than 27,000 facilities around the world. The company had more than 29,000 employees globally, with over 13,000 in Kansas City, Missouri. Its headquarters are in the suburb of North Kansas City, Missouri.

<span class="mw-page-title-main">OpenEMR</span>

OpenEMR is a medical practice management software which also supports Electronic Medical Records (EMR). It is ONC Complete Ambulatory EHR certified and features fully integrated electronic medical records, practice management for a medical practice, scheduling, and electronic billing.

<span class="mw-page-title-main">Epic Systems</span> Healthcare software company

Epic Systems Corporation, or Epic, is an American privately held healthcare software company. According to the company, hospitals that use its software held medical records of 78% of patients in the United States and over 3% of patients worldwide in 2022.

Jonathan S. Bush is an American technology entrepreneur, best known as the cofounder and former chief executive officer of athenahealth, a Watertown, Massachusetts-based healthcare technology company founded in 1997. On June 6, 2018, Bush resigned from his position as CEO of athenahealth during an activist campaign by Elliott Management.

Health information technology (HIT) is health technology, particularly information technology, applied to health and health care. It supports health information management across computerized systems and the secure exchange of health information between consumers, providers, payers, and quality monitors. Based on a 2008 report on a small series of studies conducted at four sites that provide ambulatory care – three U.S. medical centers and one in the Netherlands, the use of electronic health records (EHRs) was viewed as the most promising tool for improving the overall quality, safety and efficiency of the health delivery system.

Athenahealth is a private American company that provides network-enabled services for healthcare and point-of-care mobile apps in the United States.

<span class="mw-page-title-main">Practice Fusion</span> Electronic health record company

Practice Fusion is a web-based electronic health record (EHR) company based in San Francisco, CA. The company was founded in 2005 by Ryan Howard and acquired by Allscripts in 2018.

<span class="mw-page-title-main">LSS Data Systems</span>

LSS Data Systems (LSS) was a Minnesota-based medical software and service company that develops products for physicians. LSS was founded in 1982, and since then was a partner of Medical Information Technology (MEDITECH), developing physician practice management and ambulatory electronic health record software. In 2000 and 2001, MEDITECH invested in LSS, and acquired complete ownership in February 2011. LSS became a wholly owned subsidiary of the Massachusetts based company, and announced completion of the merger on January 1, 2014.

<span class="mw-page-title-main">NextGen Healthcare</span>

NextGen Healthcare, Inc. is an American software and services company headquartered in Atlanta, Georgia. The company develops and sells electronic health record (EHR) software and practice management systems to the healthcare industry. NextGen Healthcare also provides population health, financial management, and clinical solutions for medical and dental practices. On September 7, 2018, Quality Systems, Inc. changed its name to NextGen Healthcare, Inc. and on September 10, their stock ticker symbol changed to NASDAQ: NXGN.

CareCloud, Inc. is a publicly traded American healthcare information technology company that provides services, to healthcare providers and hospitals. The Company maintains its headquarters in Somerset, New Jersey, and employs approximately 4,000 workers worldwide.

<span class="mw-page-title-main">Nightingale Informatix Corporation</span> Software company in Canada

Nightingale Informatix Corporation, commonly abbreviated as Nightingale, is a public company headquartered in Markham, Ontario, Canada with offices in Rancho Cordova, California, Cambridge, Ontario, Kansas City, Missouri, Pembroke, Massachusetts, and Wexford, Pennsylvania. Nightingale provides products and services that support physicians, allied healthcare practitioners, hospitals and other healthcare organizations with their clinical and operational requirements. Nightingale provides EHR and Practice Management services, as well as a Patient Portal, Revenue Cycle Management and Medical transcription services to solo physicians, group practices and large clinics across the United States and Canada. The EMR/ EHR by Nightingale is a web-based program and is hosted in a secure ASP environment.

<span class="mw-page-title-main">API Healthcare</span>

API Healthcare is based in Hartford, Wisconsin and is a developer of healthcare-specific workforce management software. The company is best known for providing workforce management solutions to the healthcare industry.

<span class="mw-page-title-main">Greenway Health</span>

Greenway Health, LLC is a privately-owned vendor of health information technology (HIT) including integrated electronic health record (EHR), practice management, and revenue cycle management solutions. Intergy, Greenway’s cloud-based EHR and practice management solution, serves ambulatory healthcare practices. The company has offices in Tampa, Florida; Carrollton, Georgia; and Bangalore, India.

<span class="mw-page-title-main">Simplee</span> American developer of health care industry software

Simplee is an American software-as-a-service company that develops payment software for the health care industry. The company and its products have been featured in several publications including Forbes, HFMA, Modern Healthcare, PaymentsSource, and TechCrunch.

Veritas Capital is a New York-based private-equity firm founded in 1992 that invests in companies providing critical products and services, primarily technology-enabled products and services, to government and commercial customers worldwide. The firm's first fund closed in 1998. They closed an eighth flagship fund in 2022; in all, Veritas has approximately $45 billion of assets under management. Veritas is led by Ramzi Musallam, the firm's Chief Executive Officer and Managing Partner.

Federal and state governments, insurance companies and other large medical institutions are heavily promoting the adoption of electronic health records. The US Congress included a formula of both incentives and penalties for EMR/EHR adoption versus continued use of paper records as part of the Health Information Technology for Economic and Clinical Health (HITECH) Act, enacted as part of the, American Recovery and Reinvestment Act of 2009.

Optum, Inc. is an American healthcare services provider with business interests encompassing technology and related services, pharmacy care services and various direct healthcare services. It has been a subsidiary of UnitedHealth Group since 2011. UHG formed Optum by merging its existing pharmacy and care delivery services into the single Optum brand, comprising three main businesses: OptumHealth, OptumInsight and OptumRx. In 2017, Optum accounted for 44 percent of UnitedHealth Group's profits and as of 2019, Optum's revenues have surpassed $100 billion. Also in early 2019, Optum gained significant media attention regarding a trade secrets lawsuit that the company filed against former executive David William Smith, after Smith left Optum to join Haven, the joint healthcare venture of Amazon, JPMorgan Chase, and Berkshire Hathaway.

References

  1. "Maintenance & Support - GE Healthcare". Archived from the original on 2012-07-22. Retrieved 2012-10-25.
  2. "GE Medical Systems Completes Acquisition of MedicaLogic Business to Expand Electronic Medical Record Offering. | Technology > Software Services & Applications from AllBusiness.com". Archived from the original on 2009-05-18. Retrieved 2008-10-04.
  3. http://www.allbusiness.com/health-care/health-care-facilities-clinics/5693007-1.html [ dead link ]
  4. "GE Healthcare finalizes $1.2B purchase of IDX Systems". The Business Journal of Milwaukee. 2006-01-04.
  5. "GE Healthcare leaving hospital EMR Business". MedCity News. 2015-12-10.
  6. "Veritas Capital to Acquire Revenue-Cycle, Ambulatory Care and Workforce Management Software Unit from GE Healthcare for $1 Billion". 2018-04-02.
  7. "Veritas Capital Completes Acquisition of Revenue-Cycle, Ambulatory Care and Workforce Management Software Units from GE Healthcare for $1 Billion". Business Wire. Retrieved 2019-04-16.
  8. "The Merger: athenahealth + Virence - Reaction Data". www.reactiondata.com. Archived from the original on 2019-12-21.
  9. "10 healthcare deals that made headlines this year". 7 October 2019.
  10. "Search".