Patriot Scientific's Crossflo acquires IameterCrossflo Systems Acquires Iameter Healthcare Quality Assessment Platform
Tuesday December 9, 5:00 am ET
SAN DIEGO--(BUSINESS WIRE)--Crossflo Systems, Inc., a Patriot Scientific company (OTCBB:PTSC - News), announced today that it has acquired the assets of Verras Medical, Inc. (dba Iameter) and the Iameter portfolio of data analysis software and programs. The assets will be utilized to expand the current healthcare data sharing and analysis capabilities of the company.
“This addition to our healthcare practice gives us a compelling solution to the recent federally mandated requirements to identify and optimize the quality of healthcare delivery,” said Renney Senn, Crossflo’s president. “Added to our data-sharing capability with CDX, we can provide capabilities that address multiple needs of the healthcare community, from both private hospitals and public agency perspectives. To capitalize on this rapidly growing opportunity we will be dedicating an increased portion of our sales resources to those opportunities.”
Iameter provides a healthcare software program for hospitals and physician groups to assess the quality of care delivery against state and federal healthcare standards to help them realize quality improvements and reduced costs. Using a software tool called “Sherlock,” Iameter effectively analyzes multiple levels of data for all inpatient diagnoses and procedures as well as outpatient surgery and delivers its conclusions in easily interpreted graphical output. Iameter staff then train designated hospital personnel to investigate the sources of clinical variations and potential inefficiencies using this data-mining tool.
Recently The Centers for Medicare & Medicaid Services (CMS) announced that for the first time the evidenced quality of care delivery will begin impacting the amounts healthcare providers are reimbursed for services provided to Medicare patients. “American healthcare will be transformed from a price-based to a value-based healthcare delivery system when purchasers and patients have access to reliable health information and can knowledgeably select and reward providers who demonstrate superior medical and service performance,” predicted William Mohlenbrock, M.D., Iameter’s former chairman and chief executive officer.
Dr. Mohlenbrock is a nationally recognized expert on measuring and improving medical quality and cost efficiencies. In 1983, he co-founded Iameter and developed the Acuity Index Method, a Severity Risk-Adjustment Tool used in assessing inpatient data as the basis for physician-directed, clinical quality improvements. He was also a co-founder of Crossflo to address the growing movement to share medical data as well as solve law enforcement and public safety and security data sharing challenges. Dr. Mohlenbrock remains a subject matter expert for Crossflo in the growing healthcare data sharing field.
About Crossflo Systems, Inc.
Crossflo Systems, Inc., a wholly owned subsidiary of Patriot Scientific Corporation, provides data sharing solutions to the public sector. Crossflo’s flagship software product, the Crossflo DataExchange® (CDX) solution, is commercial off-the-shelf (COTS) middleware specifically designed for interagency and cross-domain data sharing. Standards-based architecture and intuitive interface design enable end users to strengthen control, selectively share information and rapidly connect disparate data sources across multiple platforms. Crossflo solutions are backed by operationally oriented professional services and expertise in HL7, NIEM, GJXDM, and IEPD deployments. With Crossflo, agencies involved with Justice and Public Safety, Public and Private Healthcare, National Defense, and Domestic Security are able to securely and rapidly access unlimited data sources to provide an accurate picture of people, assets, situations, and events. For more information on Crossflo Systems, Inc., visit: www.crossflo.com.
About Patriot Scientific Corporation
Headquartered in Carlsbad, California, Patriot Scientific Corporation provides data sharing and secure data solutions for a connected world. Patriot Scientific has recently embarked on an aggressive business expansion initiative complementing its recent acquisition of data sharing software provider, Crossflo Systems Inc. Patriot is evaluating full M&A and minority investments in early-stage technology companies in the data sharing software and secure networking technology sectors. These investments are funded with revenues generated, in a large part, from the continuing successful Moore Microprocessor Patent™ Portfolio licensing partnership with The TPL Group. Patriot Scientific’s integrated core intelligence solution addresses the critical data/information sharing needs of the healthcare industry, the Department of Homeland Security, the Department of Justice, and federal, state, and local public safety and law enforcement agencies. For more information on Patriot Scientific Corporation, visit: www.ptsc.com.
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Patriot Scientific Corporation
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