athenahealth, Inc. (NASDAQ: ATHN), a leading provider of network-enabled services for hospital and ambulatory clients nationwide, today announced that it has entered into an agreement to acquire Praxify Technologies, Inc., a Palo Alto-based company focused on reinventing how doctors work with health data to drive productivity, portability, and improved decision support. athenahealth expects that the acquisition of Praxify will advance the company's platform strategy and mobile capabilities to drive frictionless workflows and intelligence at and around the moments of care. Completion of the transaction is subject to customary closing conditions.
"Leveraging advancements in machine learning and natural language processing, Praxify has invested several years in developing highly intuitive technology to enhance the delivery of high quality patient care. In combination with our cloud platform and services, Praxify's team and technology will help us further reduce the many inefficiencies of healthcare's clinical and operational workflows," said Prakash Khot, chief technology officer, athenahealth. "We will work together to surface new streams of knowledge in natural and mobile ways, so providers and care teams can be fully present, informed, and efficient. We're thrilled to have their talented team join our mission to make healthcare work as it should."
athenahealth believes this acquisition will accelerate research and development initiatives across the company by adding significant expertise in mobile and user experience design. Additionally, the underlying technology on which Praxify is built will be integrated into athenahealth's cloud platform, and will create new opportunities for both internal and third-party developers to rapidly build and launch applications. Together, the organizations will be better positioned to speed development and delivery of innovation at scale for the healthcare industry at large.
To learn more about athenahealth please visit: http://www.athenahealth.com
About Praxify Technologies, Inc.
Praxify makes EHRs work the way doctors and patients need them to – quickly, intelligently and intuitively. Praxify's solutions transform the EHR experience for clinicians with streamlined workflows, intuitive mobile interfaces and real-time analytical feedback. Founded in 2010 with a vision to make health IT seamless, intelligent, and helpful, Praxify's founders conducted comprehensive studies to determine where EHRs and decision support systems fall short for clinicians and patients. Praxify's team of world class clinicians, designers, and technologists continues to reinvent the way doctors work with data, achieving remarkable gains in productivity, portability, and clinical insight. For more information, visit http://praxify.com.
About athenahealth, Inc.
athenahealth partners with hospital and ambulatory clients to drive clinical and financial results. We offer medical record, revenue cycle, patient engagement, care coordination, and population health services. We combine insights from our network of 99,000 providers and 88 million patients with deep industry knowledge and perform administrative work at scale. For more information, please visit www.athenahealth.com.
