Quote Of The Year

Timeless Quotes - Sadly The Late Paul Shetler - "Its not Your Health Record it's a Government Record Of Your Health Information"

or

H. L. Mencken - "For every complex problem there is an answer that is clear, simple, and wrong."

Saturday, June 13, 2020

Weekly Overseas Health IT Links – 13 June, 2020.

Here are a few I came across last week.

Note: Each link is followed by a title and few paragraphs. For the full article click on the link above title of the article. Note also that full access to some links may require site registration or subscription payment.

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https://www.nejm.org/doi/full/10.1056/NEJMp2005835

Covid-19 and Health Care’s Digital Revolution

  • Sirina Keesara, M.D.,
  • Andrea Jonas, M.D.,
  • and Kevin Schulman, M.D.

Friday, June 12, 2020

This May Mean A Real Shake Up In The General Practice Management Systems In OZ!

This appeared last week:

Advent Partners taps ex-Telstra exec for GP software investment

Sarah Thompson, Anthony Macdonald and Tim Boyd

Jun 4, 2020 – 3.30pm

Melbourne-based buyout firm Advent Partners has secured its "healthtech" target; medical practice software company Medtech.

Advent will buy a controlling stake in the trans-Tasman business and plans to instal former Telstra Health general manager Geoff Sayer –who also held senior positions at HealthLink and MedicalDirector – as its new chief executive officer. Street Talk foreshadowed the looming deal last week.

Medtech was founded 30 years ago and is a provider of SaaS practice management software to doctors and allied health operatives in Australia and New Zealand.

The company has about 18,000 practices on its books and its software is used for core practice management and administration, SMS reminders to patients, cloud hosting and integrations with third-party providers.

Medtech employs about 50 staff split across its head office in Auckland and customer support office in Melbourne.

Advent dealmakers Rob Hooke and Rob Radcliffe-Smith oversaw the transaction.

The private equity manager made the investment from its Advent Partners 2 Fund, which raised $300 million in 2018 and is believed to be about 50 per cent invested following the Medtech deal.

More here:

https://www.afr.com/street-talk/advent-partners-taps-ex-telstra-exec-for-gp-software-investment-20200604-p54zc9

Well this may certainly liven up things for Medical Director and Best Practice given the company is likely to be a pretty well funded and well managed competitor!

Will be interesting to come back in a year or two and see what has happened – remembering that this software is pretty ‘sticky’ given the complexity of migration.

How do you think this will play out?

David.