Telemedicine delivery solution provider GlobalMed has acquired Miami, Florida-based TreatMD for an undisclosed amount of money.
When TreatMD's platform is integrated with the existing GlobalMed aggregation and PACS imaging systems, the joint offering will "leapfrog current market expectations for Telemedicine consults."
Some of the integrated functionality of GlobalMed's Enterprise Platform, eNcounter 4.0, include on-demand scheduling, workflow automation, pervasive alerts delivered via SMS and email, insurance eligibility, customizable and specialized physician templates, ICD10 billing codes with modifiers, e-scripting, super bill generation, home monitoring capabilities integrating the most popular wearables, and much more.
TreatMD will augment GlobalMed's track record of substantial wins over non-profitable competitors who promise successful implementations and fail to deliver.
"We evaluated many platforms, looked at strategic partnership opportunities, acquisition targets and just building it in-house," Joel E. Barthelemy, CEO of GlobalMed, said in a statement. "TreatMD was the most advanced and unique offering on the market today. TreatMD's ability to offer a true on-demand ecosystem where choice is put back in the hands of the patient and physician while combining device integration and actual science is where this industry must head."
TreatMD Co-founder Bryan Lenett is also pleased with the deal. He said: "The acquisition enhances our software technology by providing a full cycle of a medical consultation services. Partnering with GlobalMed dramatically shifts the current 'symptoms' based approach to Telemedicine to a more responsible ‘evidence' based methodology. GlobalMed is the industry leader in care delivery; we are humbled to be part of this organization."