January 23, 2007 12:20 PM Eastern Time
Health Care Systems Integration Expert, DSS, Inc. Purchases Minnesota Technology Company, Sage HMS
JUNO BEACH, Fla.--(BUSINESS WIRE)--Document Storage Systems, Inc. (DSS ® , Inc.), a leader in providing software integration for health care information systems, announced its purchase of Minnesota-based Sage Health Management Solutions, Inc. (Sage HMS), a privately-held, evidence-based health care technology company and developers of the patented tool, RadWise ® . Under the terms of the new agreement, Sage HMS becomes a wholly-owned subsidiary of DSS, Inc.
"This acquisition is consistent with our philosophy of providing health care systems that both improve the quality of patient care and provide a solid return on investment to our customers," said Mark Byers, CEO, of DSS, Inc. "We will offer the RadWise technology as an integrated addition to our VistA and vxVistA hospital information system product suites. Sage will continue to sell the technology as a stand-alone solution and as a module that can be integrated into other vendors systems."
Sage HMS President, V. Katherine Gray added, "In the last nine years, we've been able to develop a patented healthcare product, RadWise ® , that improves the way radiology services are ordered, coordinated and managed. Over the years we ' ve worked with DSS as a partner in several projects for the Veterans Administration and found synergies between our core competencies and DSS expertise. Now, with their support, I believe we can provide customers the assurance that our products and services will not only meet their needs, but also will continue to develop as an effective element of their electronic health record initiatives."
RadWise is an expert system that provides clinicians with evidence-based ordering recommendations based on the patient ' s diagnosis, symptoms and procedure requested. By ensuring that the appropriate procedures are ordered, RadWise can improve quality and outcomes, as well as, reduce the estimated 30-40% of healthcare costs that are attributed to inappropriate test orders.
RadWise is a secure, encrypted Internet based tool that can be implemented inside or outside of an institution ' s firewall and can be integrated with existing practice management or radiology information systems.
Since 1994, DSS, Inc., with headquarters in Juno Beach, Florida, has been providing integrated clinical and administrative applications for VistA, the award winning health care information system used by the Veterans Health Administration (VHA). Currently over 1,000 VHA facilities use DSS clinical and administrative applications. More information about DSS, Inc. can be found at www.dssinc.com.
SAGE Health Management Solutions, a wholly-owned subsidiary of DSS, Inc., is located in Minneapolis. For more information about Sage HMS go to www.sagehms.com.
DSS, Inc., Juno Beach
Mike Ginsburg, 561-472-5672