Posted at 3:18 p.m., Tuesday, February 5, 2008
TeamPraxis inks national software deal
Advertiser Staff
TeamPraxis LLC said its locally developed medical software product has been selected for resale nationally by Allscripts Healthcare Solutions Inc., one of the largest providers of clinical software and information solutions for physicians.TeamPraxis said the agreement should result in a doubling of its annual revenue of $9 million and follows it successfully raising more than $20 million in funding last year for its 140-person operation in Honolulu.
"It's a huge opportunity for us," said Creighton Arita, TeamPraxis president and chief executive officer.
"We want to show the world we can produce world-class software."
Chicago-based Allscripts is marketing the software under the Allscripts Clinical Quality Solution name to the more than 40,000 physicians and others who use its software for a variety of functions, from documenting patient care to billing. The TeamPraxis product aids physicians in several ways and primarily helps doctors with decision making on patient care.
It also is a tool that automates the time-consumiing quality reporting requirements of insurer and government pay-for-performance initiatives that provide bonuses to physicians who deliver high-quality care.
