Mediware likes what it sees in HME
LENEXA, Kan. - Mediware Information Systems has $21 million in the bank and plans to spend a chunk of it developing software products and business services for HMEs and other alternate care providers.
"It's an area of growth because we believe more and more hospitals and reimbursement models will be driving the care for patients outside of the four walls of the hospital," said John Van Baricum, vice president of marketing and communications. "We're prepared to invest in this space and see what we can do."
Since the late 1970s, Mediware, a publicly traded company, has provided software for hospitals and other healthcare facilities. It began testing the homecare waters in 2008. That's when it acquired home infusion software vendor Hann's On Software. Late last year, Mediware acquired another home infusion software vendor, Healthcare Automation.
This spring, the company launched its Alternate Care Solutions Product Suite for home infusion, HME, home healthcare, specialty pharmacy and ambulatory infusion centers. The suite includes business software, management improvement tools and Advantage Reimbursement, a subsidiary that offers outsource billing and collection services.
"The more we've gotten to know about the alternate site care market, the more excited we've become," Van Baricum said. "There is pricing pressure, but there is also opportunity for solid investment so that if you can do things right, and you can do them well, you can do more with less and make money."