RED BANK, N.J., Dec. 29 /PRNewswire/ -- Innovative Health Solutions, L.L.C. (IHS), announced today that it has completed the acquisition of Information Management Systems (IMS), of Miami, Florida. IHS and IMS have been successfully co-developing and co-marketing a state-of-the-art decision support system named Health Data Focus (TM) for more than one year now. With the completion of the merger, a more seamless integrated strategic, financial and clinical outcomes web-based system is expected to be rolled out in a few months.
Fred Stodolak, Chairman and Chief Executive Officer of IHS, and Jim Puglise, IMS’ president, made the announcement jointly. Terms of the agreement were not disclosed.
Following the acquisition, IHS’ presence has expanded significantly in the Florida, Texas, Arizona and Nevada markets where IMS is currently a leading provider of its strategic planning systems and services to more than 110 healthcare providers and other organizations.
“IHS’ mission is to provide “niche” bolt-on technology to healthcare providers, payers and consulting firms to assist them in improving “bottom line” performance in this era of scarce financial resources. Our popular suite of coding, compliance and reimbursement systems (“Coding Focus”) helps to improve bottom-line performance through revenue side tools. With the acquisition of IMS, our customers will be able to increase revenues through sophisticated market share analyses and forecasting tools. And, with the integration of our new financial modules, our customers will be able to improve their bottom-line through our new expense side tools,” said Mr. Stodolak
“The relationship with IHS has been a successful one for our company in the past and we are excited about the prospects of introducing a truly integrated strategic, financial and clinical outcomes system to our customers and others nationwide. We have shared a vision with IHS of seeing the day when Quality Assurance, Medical Records, Utilization Review, Finance, Strategic Planning and Administrative personnel can share and make decisions from a common information system. Finance personnel should know the cost of quality and vise versa. Planners should know the potential profitability of new product lines under consideration, and so on,” said Mr. Puglise, President of IMS. “I am looking forward making this vision a reality by introducing a new and exciting array of systems and features to our customers, as a result of this transaction,” said Mr. Puglise.
Mr. Stodolak further stated that, “I am pleased to announce that Jim Puglise will remain on board at IHS as President of its Health Data Focus (TM) Division and the Company will retain all existing employees and maintain IMS offices located in Miami, Tampa and Punta Gorda, Florida. Mr. Puglise and his talented staff will be great assets to our team.”
ABOUT HIS
Red Bank, New Jersey-based Innovative Health Solutions (IHS), a BESLER company, is a healthcare information technology firm providing coding, compliance, reimbursement and decision support services to more than 1,200 providers nationwide and more than 50 % of the nation’s leading Healthcare Insurance and Information Technology companies.
ABOUT IMS
Information Management Systems (IMS) of Miami, FL was founded in 1986. It is a leading distributor of strategic planning software for the healthcare and insurance industry. IMS’ products include its Win-Stat product line which provides Market Share reporting and forecasting capabilities, physician and quality reporting and JCAHO Core Measurement reporting services
Innovative Health Solutions L.L.C.
CONTACT: Fred Stodolak, Chairman & CEO of Innovative Health Solutions,+1-866-822-6700, or Fax, +1-732-545-4024, or fstodolak@ihsinfo.com
