M&A: Provation Acquires Perioperative Care Coordination Platform ePreop

What You Must Know:

Financial details of the acquisition were not revealed. Health care.
Growth Partners served as the monetary consultant and Alston & & Bird functioned as.
legal consultant to ePreop for this transaction. District Capital Partners served.
as financial advisor and Sidley Austin LLP acted as legal consultant to.
Provation.

ePreops SurgicalValet software users have reported.
significant take advantage of the software, consisting of increased CMS reporting.
compliance, a 47% reduction in readmissions, 5% higher case mix index, less.
than 1% same-day case cancellations and a 68% reduction in preoperative.
testing.

Perioperative Care Coordination.

ePreop has actually been providing anesthesia quality reporting and perioperative care coordination services for more than 10 years and serves more than 18,000 end-users and 1,500 facilities with its SurgicalValet and AnesthesiaValet ™ platforms. The combination further expands Provations portfolio of scientific productivity options for ascs and health centers, while establishing a single thorough platform that enhances the preoperative screening, evidence-based care coordination, treatment documents, coding, and reimbursement.

” Today marks an important turning point for ePreop,” included David Bergman, CEO and Founder of ePreop. “We are extremely excited to sign up with the Provation team and are positive that this partnership will allow us to continue to build on our long history of serving doctors with industry-leading services. Jointly, we have some of the most passionate professionals in the health care IT industry and we are delighted to work with the Provation team to establish innovation to much better serve our healthcare neighborhood.”.

Provation, a.
software application company of procedure paperwork and medical choice support.
options, backed by Clearlake Capital Group,.
L.P. (together with its affiliates, “Clearlake”), today announced its acquisition.
of ePreop, a leading service provider of.
perioperative SaaS options created to simplify the whole surgical.
encounter.

Acquisition Creates Comprehensive Clinical Productivity SaaS Platform.

Provation software helps providers increase operational efficiencies, organization profitability, and regulative compliance by enhancing quality, enhancing workflows, and allowing insights. For 25 years, Provation has actually been a market leader in procedure documentation software application for gastroenterology (” GI”), serving 43 of the top 50 GI health centers and nearly 3,500 facilities nationwide.

— Provation reveals the acquisition of ePreop, a thorough perioperative care coordination, and quality reporting options for an undisclosed amount.

< " We are enjoyed invite the ePreop group to the Provation household. ePreop adds vital perioperative care and reporting elements to our capabilities and more advances our vision of empowering health care companies with ingenious scientific efficiency solutions," said Daniel Hamburger, CEO of Provation. "Through inorganic and organic efforts, we have established a thorough portfolio of options that enhances patient care and outcomes.". Established in 2008 by doctor anesthesiologists, ePreop Inc. was developed to enhance patient outcomes and decrease costs in the surgical. arena. ePreops software application solutions currently have more than 18,000 users,. representing over 1,450 facilities, in over 30 million procedures to date. ePreop provides two software platforms: SurgicalValet ™. and AnesthesiaValet ™. These modular SaaS options are accessed as an. integrated extension of nearly every major surgical EHR on the marketplace today. The HIPAA compliant tools can likewise be utilized on mobile phones, tablets, or. desktops. -- Acquisition develops a thorough scientific performance SaaS platform, improving workflows, and paperwork from patient consumption and pre-op through recovery and follow-up.