MediRegs Acquires Compliance Software from Precyse Solutions.WELLESLEY HILLS, Mass. -- MediRegs announced today that it has acquired the compliance assessment and management tool (CAMT CAMT Certified Apartment Maintenance Technician CAMT Canadian Association for Music Therapy CAMT Colorado Association for Music Therapy CAMT Canadian Academy of Manipulative Therapy CAMT Conference for the Advancement of Mathematics Teaching ) software assets of Precyse Solutions. The software, renamed ComplyTrack(SM), is a comprehensive tool for assessment, action plans, issue tracking, reporting, and coordination of compliance program activities. ComplyTrack(SM) is designed to help organizations meet the recommendations of the DHHS DHHS Department of Health & Human Services (US government) DHHS Dana Hills High School (Dana Point, California) DHHS Deaf and Hard of Hearing Services DHHS Deaf and Hard of Hearing Services Office of the Inspector General's Compliance Program Guidance for health and life sciences companies and federal Sentencing Guidelines The Federal Sentencing Guidelines are rules that set out a uniform sentencing policy for convicted defendants in the United States federal court system. The Guidelines are the product of the United States Sentencing Commission and are part of an overall federal sentencing reform . "By integrating pragmatic software solutions with regulatory information, MediRegs aims to simplify and systematize sys·tem·a·tize tr.v. sys·tem·a·tized, sys·tem·a·tiz·ing, sys·tem·a·tiz·es To formulate into or reduce to a system: "The aim of science is surely to amass and systematize knowledge" compliance program management and oversight and to promote industry-wide Evidence-Based Compliance(SM)," says Steve Lefar, president of MediRegs. "Our clients and business partners opt for solutions that leverage the limited resources available for compliance programs, engage all levels of the organization, and demonstrate the progress and effectiveness of their efforts to management teams, auditors, boards of directors, and other constituents." The software and embedded assessment logic are enhanced by and integrated with the MediRegs suite of regulatory reference databases currently used by more than 600 organizations, including health care regulatory agencies, hospitals, health care IT vendors, leading pharmaceutical and device companies, and the best-known law and consulting firms. Rob Healy, CFO See Chief Financial Officer. of Precyse Solutions, says, "In looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a company to service our customers and acquire our compliance software, we sought a team that is totally focused on compliance solutions and willing to invest and grow that capability. MediRegs has the resources and the know-how to deliver the best compliance-management tools on the market. The emergence of MediRegs as a committed leader in information solutions gives us confidence that MediRegs is the right choice to assume CAMT." The ComplyTrack(SM) software and services are available immediately from MediRegs. About MediRegs MediRegs, Inc. is the leading provider of regulatory and compliance databases to regulatory professionals throughout the health care, life science, medical, and food industries in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Europe, and other parts of the world. The MediRegs staff of editors and software professionals has developed and maintains more than 2,000 collections of regulatory data. MediRegs has over 600 clients and more than 12,000 users, including top global drug companies, medical-device makers, Fortune 50 consumer-product companies, nationally recognized providers, a long list of Blue Cross Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. plans, 15 federal agencies, and more than three dozen leading health-care law firms and compliance consultants. About Precyse Solutions Precyse Solutions is an industry-leading provider of outsourced health information management/medical records (HIM) services to hospitals and health care organizations within the United States. Health care providers use Precyse's services to accelerate cash flow, reduce operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. , streamline workflow processes, improve the capture and coding of clinical information, and maintain regulatory compliance. Precyse Solutions is privately held and headquartered in Wayne, PA. |
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