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Medicity Announces Licensing Agreement with LabCorp.


SALT LAKE CITY -- Medicity, a leading developer of clinical information software infrastructure, announced today a multiyear exclusive licensing agreement with Laboratory Corp. of America(R) Holdings (LabCorp(R)) (NYSE NYSE

See: New York Stock Exchange
:LH). "This agreement is the culmination of five years of escalating activity between LabCorp and Medicity. It provides them with a branded, browser-based ordering and resulting application under the eLabCorp(R) trade name, designed to allow providers to manage lab orders and results from any Internet-connected computer," explained Kipp Lassetter, M.D., Medicity CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  and chairman. "But, perhaps more importantly, the underlying technology, the Medicity DataStage(R), gives LabCorp an infrastructure for enabling a host of new connectivity initiatives, all aimed at improving their information services See Information Systems.  to customers."

Medicity's DataStage includes a Master Patient Index In medical systems the Master Patient Index (MPI) is an index referencing all patients known to an area, enterprise or organization. The terms Patient Master Index (PMI) and Master Person Index are used interchangeably.  that restructures LabCorp data into a longitudinal, patient-centric electronic health record. The DataStage also facilitates the acquisition of electronic data like patient demographics from practice management systems; and the storage, transformation, and distribution of all kinds of clinical results, including image-based reports. This prepares them for rapid integration with all of their constituents, including physician practices, community clinics, hospitals, payers, government agencies, and even RHIOs.

"With the rapid adoption of physician EMR (ElectroMagnetic Radiation) The emanation of energy from everything in the universe. Although the EMR from electrical and electronic devices is typically measured for practical, every-day situations, every object, including humans, emanates energy.  applications and the momentum toward data-sharing initiatives in care communities, large health care organizations like LabCorp need a more flexible architecture for creating connections with disparate clinical systems. Medicity is a clinical integration leader solving these complex health care industry problems," explained Lassetter. "While other labs in the market offer proprietary EMR applications, this agreement allows LabCorp to improve the speed and quality of integration with all EMR vendors, creating a less disruptive partnership between LabCorp/Medicity, the physician and the physician's chosen EMR company.

"LabCorp is a particularly strategic client for us," he emphasized, "because they have, arguably ar·gu·a·ble  
adj.
1. Open to argument: an arguable question, still unresolved.

2. That can be argued plausibly; defensible in argument: three arguable points of law.
, the largest national footprint of lab test data, a critical source of patient information that influences care decisions."

About Medicity

Medicity Inc. serves the health care industry with clinical integration solutions, installed in more than 125 hospitals and hospital systems, as well as other large provider and payer organizations. Its customers include such well-known companies as Laboratory Corp. of America (LabCorp), IASIS Healthcare Iasis Healthcare LLC owns and operates hospitals in Arizona, Florida, Texas, Utah and Nevada. The company, based in Franklin, Tennessee, owns 15 hospitals. It also operates a Medicaid insurance plan in Arizona. , Daughters of Charity Health Systems and Catholic Healthcare West Catholic Healthcare West (CHW) is a California not-for-profit public benefit corporation that operates hospitals in California, Arizona, and Nevada[1]. As such, it is exempt from federal and state income taxes. . For more information about Medicity, contact 801-322-4444 or visit www.medicity.com.
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Sep 26, 2005
Words:379
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