Azalea Health Acquires dashboardMD
Atlanta-based Azalea Health, a provider of cloud-based patient management and health IT solutions, announced on Sept. 8, via a press release, its acquisition of the Miami Lakes, Fla.-based data analytics vendor, dashboardMD, a cloud provider of business intelligence reporting solutions and healthcare analytics.
The release states that “Azalea Health is best known for leading the disruption in the electronic health record (EHR) market with its fully interoperable, cloud-based EHR solution, including telehealth and revenue cycle management (RCM) solutions, to provide end-to-end patient management from intake to after-care, with easy coding and billing support along the way. According to KLAS, Azalea was one of only two EHR providers to gain market share during the pandemic in 2020.”
Further, “dashboardMD is pulling the healthcare industry into the data age with its integrated operational, financial, and clinical analytics solutions, placing unparalleled, insightful and actionable intelligence in the hands of clinical and operations teams. dashboardMD’s data-based solutions, including Population Health Management, Clinical Analytics, Financial Analytics, and Operational Analytics modules help improve care management, raise clinical quality management (CQM) measures, and facilitate more efficient resource utilization and higher profitability.”
Azalea Health co-founder and CEO Baha Zeidan, and dashboardMD president and CEO Jose Valero, will stay on board at the new Azalea Health and lead the expanded Azalea Health team. Zeidan will remain as Azalea Health’s CEO and Valero will assume leadership of Azalea Health’s advanced data analytics, Azalea Insights, as director of analytics.
Zeidan was quoted in the release saying that “Incorporating dashboardMD’s unrivaled analytics capabilities in our clinician-friendly EHR and bringing Jose in to lead Azalea’s data analytics practice will empower providers to better manage clinical quality measures and have enhanced visibility into their revenue. We couldn’t be happier that Jose recognized Azalea as the EHR best positioned to supercharge the healthcare analytics space and help the medical field take a giant step forward through our unparalleled joint offering.”
Once the acquisition is complete, the Azalea team and the dashboardMD team will join forces. Neither company disclosed financial terms in the release.
