Information technology company Intermedix has acquired Nashville-based WPC Healthcare, a data analytics company that works with hospitals and payers to improve compliance, outcomes, data management and patient engagement. The terms of the deal were not disclosed.
Intermedix, which makes cloud-based SaaS for healthcare providers, government agencies and corporations, has been building on its data analytics for healthcare platform since 2015 in effort to improve provider performance and care quality. The acquisition of WPC Healthcare marks the company’s first clinical analytics offering. With the addition of WPC’s machine learning capabilities, Intermedix aims to improve clinical and financial outcomes for hospitals, health systems and payers.
“Data science and machine learning are the future of health care,” Intermedix CEO Joel Portice said in a statement. “The addition of WPC to our suite of solutions is a testament to our company’s commitment to further our investment in health care data analytics in order to assist our customers in managing care and optimizing their revenue cycle.”
Intermedix serves some 15,000 healthcare providers with practice management and revenue cycle management software. It also works in over 500,000 emergency preparedness and response incidents worldwide.
WPC has been around for four decades, working to develop, implement and support data standards across the healthcare industry. In 2001, they became a Microsoft Signature Partner and spent the next 10 years transitioning from publishing to consulting services around healthcare compliance and data-related issues.
“As a team, we have been able to create significant innovation in the health care environment and have developed solutions over the years that have truly saved lives,” Ray Guzman, CEO of WPC said in a statement. “By joining Intermedix, we now have the right partner to take our expertise to market and share our solutions on a much wider scale.”
Guzman, a former Microsoft executive, will join Intermedix as vice president of strategy, and WPC’s data science team will work with Intermedix’s business analysts and data scientists at the Nashville company headquarters.