CompuGroup Medical US (CGM) and The Weston Group, Inc., a comprehensive rehabilitation services company headquartered in Pennsylvania, have announced a multi-year, multi-million dollar partnership agreement.
Based on the agreement, CGM and The Weston Group, Inc. will collaborate to develop a customized set of modules to meet workflow and reporting requirements, specific to the delivery of rehabilitation services. This set of modules will significantly expand the functionality within CGM's web-based electronic health record solution - CGM webEHR™ and will facilitate the complete alignment of care provided by The Weston Group across multiple locations nationwide.
Werner Rodorff, Chief Executive Officer and Senior Vice President for North America said, 'With its own set of growth objectives to achieve as a provider of a complete spectrum of rehabilitation services, The Weston Group is the ideal ally for a strategic collaboration of this nature. Our partnership cuts across all facets of product development, go-to market strategy and delivery which also includes maintenance as well as post-implementation support.'
'The Weston Group, Inc., in conjunction with CGM, has the unique opportunity to tap into a unique mix of innovation and an in-depth knowledge of the healthcare market to enhance the health outcomes of its patient population. Our collective goal is to create new and cutting edge care delivery models aimed at transforming the way rehabilitation services are delivered today. Once launched, these innovative modules will be made available on a large scale to other organizations in the business of delivering rehabilitative care,' said Randall A. Weston, President.
Through its partnership with CGM, The Weston Group, Inc. will have access to a broad range of Revenue Cycle Management (RCM) solutions. By leveraging CGM's RCM solutions, The Weston Group, Inc. will establish firm control over the long-term solvency of its diverse services. Optimized for interoperability and superior care coordination, CGM webEHR will support a provider base that is spread across more than 350 locations nationwide.
'This is an exciting partnership that strongly reflects the capabilities of both companies as formidable players in the healthcare market. With an annual multi-million projected revenue over the course of the next years, the necessary ingredients for financial growth have been firmly established. This partnership represents a mutual promise of longevity which translates into investment security, stability and quality health outcomes,' said CEO and Founder of CompuGroup Medical AG, Frank Gotthardt.
About CompuGroup Medical AG
CompuGroup Medical is one of the leading eHealth companies in the world. With a revenue base of more than EUR 500 million, its software products are designed to support all medical and organizational activities in doctors' offices, pharmacies, laboratories and hospitals. Its information services for all parties involved in the healthcare system and its web-based personal health records contribute towards safer and more efficient healthcare. CompuGroup Medical's services are based on a unique customer base of over 400,000 doctors, dentists, hospitals, pharmacies and networks as well as other service providers. With locations in 19 countries and products in more than 40 countries worldwide, CompuGroup Medical is the eHealth company with one of the highest coverage among eHealth service providers. Approximately 4,200 highly qualified employees support customers with innovative solutions for the steadily growing demands of the healthcare system.
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