Oct. 21, 2010, 3:59 p.m. EDT
NEW YORK, NY, Oct 21, 2010 (MARKETWIRE via COMTEX) -- MedLink /quotes/comstock/11k!mlkna (MLKNA < http://www.marketwatch.com/investing/stock/MLKNA> 0.89, 0.00, 0.00%), a leading provider of health information technology solutions to the medical community announced today the formation of the New York Health Information Network as a collaboration with Thrasys, Inc. a provider of next-generation health information technology and solutions. The New York Health Information Network (NYHIN) will be the first of many regional health information networks to be deployed by MedLink and Thrasys under a Connected Healthcare initiative launched by the two companies earlier this year. Connected Healthcare and regional health information networks will enable communities of physicians, patients, service centers, and health plans to coordinate care, manage costs, increase revenues, improve outcomes and enhance patient experience.
The New York Health Information Network will provide interoperability, applications and services using the cloud-based SyntraNet connected healthcare platform from Thrasys. SyntraNet provides an open foundation for highly scalable collaborative healthcare networks. The New York Health Information Network will implement a health information exchange to meet interoperability requirements for 'Meaningful Use' and deliver a range of applications and services: electronic health records, practice management services, e-prescribing, group purchasing, insurance and eligibility verification, remote charge capture, physician quality reporting, patient portals, and services to enable accountable care organizations and patient medical homes.
Ramesh Balakrishnan, CEO of Thrasys, stated, "The New York Health Information Network is a first step in our vision to use disruptive technologies to enable a new model for collaborative care. Our goal with Connected Healthcare is to evolve an open healthcare platform that provides core interoperability, applications and services and also enables third-parties and partners to offer a range of add-on solutions. This kind of open, connected and collaborative technology platform is the necessary foundation to support initiatives currently underway to coordinate care, improve outcomes and manage costs. With more than $500m in HITECH funding for HIE initiatives, we will continue to partner with communities of physicians, hospitals, service center, and health plans to implement showcases for the future of healthcare."
Ray Vuono, CEO of MedLink, continued, "The Health information Network provides a financial benefits for the NYHIN partners including Providers, establishing a revenue model through member based services for as little as $500 per member annually. The products and services are provided by healthcare vendors and service providers that leverage the platform to provide their services to HIN population of physicians, medical facilities, and patients; providing a Web 2.0 healthcare super highway income model similar to that of the iPhone Apps marketplace or Salesforce.com."
Scott Einiger, Senior Partner at Abrams Fensterman, a leading New York healthcare law firm, commented, "The New York Health Information Network will enable physicians to level the playing field and have access to core health care products and services critical to success in this rapidly evolving healthcare landscape. As physicians join this Network, the quality of the products and services will expand exponentially making available the best of breed applications and services due to substantial Vendor commitment to grow within the Network. I expect this network to grow beyond NY State and become a nationally connected Network inuring to the benefit of patients and physicians alike and greatly enhancing our federal government's health law reform initiative."
MedLink is a healthcare IT company that provides the medical community with products and services designed to help create, manage, and share medical information. The company's flagship product, MedLink TotalOffice EHR 3.1, a CCHIT Certified(R) 08 Ambulatory EHR, provides physicians with full EHR and practice management functionality. For more information regarding MedLink's products and services, please visit www.medlinkus.com.
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