Fusion and AssistMed, Inc. Sign Strategic Joint Marketing Agreement
Partnership Will Take Advanced Healthcare IT Solutions to the Fusion Cloud
NEW YORK, NY -- (Marketwired) -- 10/07/14 -- Fusion (NASDAQ: FSNN), a leading cloud communications, cloud connectivity and cloud computing services provider, announced today that it has entered into a strategic marketing agreement with Woodland Hills, California-based, privately held AssistMed, Inc., a specialized Health Information Technology company. AssistMed delivers a comprehensive and complementary suite of Software as a Service (SaaS) solutions developed to improve the quality and cost-effectiveness of care in the $2.8 trillion healthcare sector*.
Fusion will host AssistMed solutions for healthcare within its advanced cloud infrastructure. AssistMed's SaaS solutions include Electronic Health Records workflow and clinical documentation solutions, computer assisted coding, digital dictation with speech recognition, transcription, revenue cycle management, and compliance services. These software solutions will be offered on the Fusion cloud platform to ensure the highest standards of quality and security. AssistMed will market Fusion cloud-based voice, data, managed network services, infrastructure, storage and security solutions with its SaaS offering, targeted to community and rural hospitals, medical practices, municipal health departments, correctional facilities, Accountable Care Organizations, freestanding emergency department and ambulatory surgery centers.
Fusion's advanced cloud solutions, provided over a robust and diverse nationwide cloud network, allow healthcare institutions to experience the cloud's full benefits, including replacing high capital costs with monthly pay-as-you-go OpEx pricing, future-proofing technology and facilitating life cycle management, accelerating implementation time frames and freeing up resources in IT staff, space and infrastructure. The companies believe that their strategic partnership will significantly increase distribution and further differentiate their offerings in the growing Healthcare IT market, which is expected to reach $31.3 billion by 2017**.
"Fusion is always exploring innovative ways to help our healthcare customers increase efficiency while reducing costs," said Matthew Rosen, Fusion CEO. "Our relationship with AssistMed supports our strong focus on market verticalization by developing a strategic partnership with an organization providing highly specialized healthcare solutions. We understand healthcare's unique needs in an increasingly challenging and competitive environment. Regulatory demands for technology improvements and infrastructure upgrades to support new healthcare delivery, reporting and payment requirements are coming at a time of increasing budgetary constraints. AssistMed's outstanding and experienced executive team shares our commitment to deliver advanced solutions that drive down costs while helping healthcare professionals focus on their primary mission to deliver the highest quality of care. We are delighted to come together, integrating our solutions to maximize efficiency and improve the quality of care and patient outcomes."
Raul Kivatinetz, AssistMed President and Chief Operating Officer, said, "We're excited about our partnership with Fusion, which will seamlessly integrate powerful AssistMed clinical support applications with the Fusion cloud platform that delivers them, giving both of our companies -- and our healthcare customers -- increased flexibility, agility, scalability and control. We've always prided ourselves on being industry innovators, finding the right technology solution to solve the kinds of problems that keep our customers awake at night. Fusion has developed a full suite of cloud-based services that offer everything our customers need to facilitate an effective migration to the cloud, allowing them to benefit from all the increased productivity and efficiency that the cloud makes possible. Our partnership with Fusion helps us leap ahead in our efforts to deliver healthcare solutions that improve the quality of care by increasing workflow efficiency while lowering costs."
*2014 Global Healthcare Outlook, Deloitte
** Healthcare and Markets' North America Healthcare IT market Report 2013-2017, Healthcare IT News