Ingenix and Axolotl combine

Sept. 18, 2010

Acquisition

EDEN PRAIRIE, Minn., and SAN JOSE, Calif., Aug. 16 — Ingenix, a health information technology and services company, is acquiring Axolotl, a provider of health information exchange (HIE) services. The combined company aims to enable health information to be shared effectively and securely for the benefit of patients and healthcare professionals. The Axolotl management team will remain in place and will lead Ingenix's efforts in healthcare community connectivity.

HIEs are a critical component of realizing the promise of healthcare modernization and reform. Currently, exchanging health records, data and information is often paper based and lags behind the 21st-century technologies routinely used in other industries. HIEs allow health information and clinical expertise to be shared as directed by patients in a secure environment among physicians, hospitals, labs and radiology centers at the local, regional and state level. HIEs also enhance clinical decision making to enable more effective and efficient care for patients.

Ingenix currently provides health information technology and consulting solutions to over 240,000 physicians and nearly 6,000 hospitals. Ingenix also serves multiple state and federal government agencies and healthcare payers with solutions, including decision support, care management, data warehousing and revenue cycle management, and with consulting on health and human services policy and program implementation.

Ingenix and Axolotl both offer solutions that are interoperable with multiple health information solutions. Axolotl's Elysium Exchange solutions are used by nearly 30,000 physicians, 100,000 healthcare professionals, more than 200 hospitals, 20 regional health information organizations (RHIOs) and four statewide HIEs — comprising more than 35 million patients.

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