Practice management software developer Simplify ASC aims to make all patients' medical records available in one electronic file, even though surgery centers aren't federally required to implement EHRs.
Here's what you should know:
1. In an interview with Teknovation.biz in early 2018, CEO David Howerton estimated about 70 to 80 percent of ASCs still rely on paper to document all patient interactions.
"We've all heard about the $32 billion spent on electronic health records," Mr. Howerton, told Teknovation.biz. "The outpatient surgery market was not impacted by this meaningful use requirement that was imposed on hospitals and physicians."
2. Simplify ASC's practice management platform platform features cloud-based clinical and business applications with reporting and analysis tools intended to help ASCs improve decision-making. About 130 centers use the software.
3. Simplify ASC received $2.75 million from Jumpstart Capital in March, surpassing the midpoint in its $6 million Series A funding round. Jumpstart Capital also made a "significant" investment in Simplify ASC, formerly known as CyramedX, in August 2018.
4. With the latest investment from Jumpstart Capital, Simplify ASC expects to add up to 20 sales, marketing and implementation staff this year. The company currently has 38 full-time equivalents.
5. The company's main competitors in the ASC space are Surgical Information Systems and Healthcare Systems and Technologies.
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