Driving ECM in Healthcare
Back in March, Hyland picked up the hosted healthcare solution, eWebHealth. It now continues its drive into the health sector with the acquisition of Computer Systems Company (CSC) Group for an undisclosed sum.
CSC has several areas that line up with Hyland's aims, including clinical healthcare systems with ultrasound imaging and reporting, and revenue cycle management solutions. With the government-led effort to achieve a digital healthcare system, Hyland is increasingly well-positioned to take advantage of changes across hospitals and health centers.
One of the big benefits of the deal will see Hyland customers better able to convert their paper-based documents into digital assets that can be made accessible to organizations’ clinical, financial and administrative applications.
There's Money in Healthcare
Hyland's lead product is OnBase, an ECM that the company recently announced would be turning SaaS and be available globally. There are some interesting insights and use cases on the company's healthcare blog, although OnBase gets used in several other vertical markets too.
By tying in CSC's document software tools, the package becomes increasingly rounded. With huge sums being invested, in part due to the HIPAA act, there is plenty of competition from both giants like IBM and niche vendors that Hyland might compete with or look to snap up including:
- Mediconnect, a document management system for medical professionals.
- MRO Corp, a provider of release-of-information (ROI) and audit tracking software for the medical industry.
- Vaporstream, a company that captures communications between medical professionals to archive messages for medical and legal reasons.
Certainly, expect more action in this sector as large sums of government money continue to be thrown around and hospitals and doctors look to invest in useful life and time-saving technology.