Thursday, March 17, 2011

Intuit Health (INTU) Lands Patient Portal Deal

Intuit Health, which was created last year after Intuit Inc. (Nasdaq:INTU) acquired Medfusion for $91 million, merging its Quicken Health operation into Medfusion last May and renamed the combined operation Intuit Health, has landed a deal to provide an online patient portal for the St. John Providence Health System.

The St. John Providence Health System, which operates six hospitals in southeast Michigan and is a major health care player in the metropolitan Detroit market.

Intuit Health specializes in developing software that’s accessed online and helps patients communicate with health care providers such as physicians. The patient portal Intuit Health is developing for the St. John system will combine data from the several different electronic health record providers used by St. John – which includes more than 3,200 doctors in addition to the half-dozen hospitals – and offer St. John’s patients a single view of their personal health record.

Financial terms of the deal were not disclosed, but key to the agreement was the ability of Intuit’s software to integrate with that of other electronic medical system providers –including General Electric (NYSE:GE) and Allscripts (Nasdaq:MDRX).

Intuit was trading at $49.00, gaining $0.49, or 1.01 percent, as of 12:28 PM EDT.





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