Seven years after acquiring PatientKeeper, HCA sold its doctor’s workflow business to Commure, a medical technology startup. Both companies are focused on solving interoperability challenges and plan to complete the transaction by the end of this month.
“When healthcare digitization emerges, it should help us complete our workflow and improve our lives so that we can spend more time with patients. But as you have seen in the past few years, everyone Talking about burnout,” said Dr. Ashwini Zenooz, president of Commure, who recently joined the company after serving as Chief Medical Officer of Salesforce. “When we think about interoperability, we really need to focus on the provider’s experience, because it’s not just about sharing data, but how you can share data in a useful way.”
Commure has a developer platform based on FHIR, which makes it easier for medical systems to build and deploy their own healthcare applications. It was established in 2017 and is a portfolio company of General Catalyst.
At the same time, PatientKeeper has been out since 1996. Its software is currently used in more than 2,000 HCA locations, allowing doctors to view all relevant results in one place and tailor them to their specialty. They can also place orders and send secure messages from their platform.
The acquisition will combine PatientKeeper’s technology with Commure’s ability to build healthcare applications to simplify the doctor’s workflow.
“They have 20 years of in-depth knowledge of how to use healthcare IT. You bring a new company like us that focuses on the modern technology stack, and you bring a company that has such expertise in working with suppliers and optimizing supplier tools. Deep company,” Zenooz said. “For us, this redefines our technology stack and the products we will introduce to the market. That’s really exciting.”
PatientKeeper will retain its name and leadership position, and its CEO Phil Meer will report to Commure’s CEO. They will initially operate as two entities before starting to merge some of their products. The two companies did not disclose the terms of the transaction, but HCA will retain a minority stake in the combined company and have a seat on its board of directors.
“PatientKeeper, which is owned by HCA, has grown rapidly over the past 6 years, and we support more than 12,000 HCA doctors who only use our mobile solutions every month,” Meer said. “HCA will continue to be our largest customer and is closely linked to Commure’s success. We hope to continue to maintain the momentum we have established with HCA as we make acquisitions.”
The transaction is expected to be completed on August 31.
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