BLUE BELL, Pa., June 8, 2010—Halfpenny Technologies, Inc., a health information exchange (HIE) solutions provider specializing in laboratory, pathology and physician electronic medical record (EMR) system interoperability, today announced that it has acquired Hauppauge, N.Y.-based Laboratory Management Services (LMS), a leading provider of clinical data acquisition and reporting solutions for health plans and clinical laboratories.
The LMS organization will be integrated with Halfpenny’s core HIE business and operated as a division of Halfpenny Technologies. The acquisition leverages Halfpenny’s proprietary Integration Technology Framework (ITF) platform for clinical data capture, aggregation and normalization to expand the company’s interface services to the payer and health plan markets.
Halfpenny’s expansion of services through the LMS acquisition will include: clinical data capture of all member data points within a plan or product; clinical data normalization through LOINC mapping; plan leakage management for health plans and laboratory service providers; and technology to manage shared capitation reimbursement.
Through the acquisition, Halfpenny will be able to facilitate the movement and normalization of clinical data from laboratories and hospitals to satisfy health plan reporting requirements.
