Scottsdale, Ariz. (March 7, 2017) -- GlobalMed®, the worldwide leader in telemedicine delivery solutions with over 3.5 million consults in 2016, announced today the acquisition of TreatMD out of Miami, Florida. Terms of the transaction were not disclosed.
TreatMD is a revolutionary, robust and scalable software platform that when integrated with the existing GlobalMed aggregation and PACS imaging systems, leapfrogs current market expectations for Telemedicine consults. Some of the integrated functionality of GlobalMed’s transformative Enterprise Platform, eNcounter® 4.0 include:
- Scheduling (on-demand, appointment based, modality, geography, etc.)
- Workflow automation
- Pervasive alerts (SMS and email)
- Insurance eligibility
- Customizable and specialized physician templates
- ICD10 billing codes with modifiers
- Super bill generation
- Home monitoring capabilities integrating the most popular wearables
- Patient satisfaction surveys and Physician rating systems
- Open architecture with standardized API’s
- Internationalization including 8 languages and expanding
- Seamless Device Aggregation for Evidence-Based Consults
- PACS Integration / DICOM Standards
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. 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” said Joel E. Barthelemy, CEO of GlobalMed. “The addition and integration of TreatMD into the GlobalMed family cements our position as the only vertically integrated solution that spans the complete care of a patient; from the clinic, to urgent care, to the ER or long-term care facilities and at home, ultimately minimizing readmissions. Where others talk about the continuation and continuity of care, we are the only sole source provider that designs, manufacturers and integrates the hardware, firmware and software while also providing the professional services requisite for a seamless and successful implementation. These services, coupled with our world-class on-going support, allow enterprises the ability to have one Company to hold accountable for comprehensive telemedicine solutions”, said E. Patrick LaVoie, COO of GlobalMed.
"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”, said TreatMD Co-founder Bryan Lenett.
“This is a very exciting time for TreatMD and the On-Demand Healthcare sector. The opportunities are endless now that GlobalMed can offer all aspects of an on-demand consultation program, both domestically and globally. GlobalMed, when combined with a scalable, robust and integrated healthcare software platform, is uniquely positioned to assist Payers, MCOs, ACOs, Hospital Systems, and physician practices. We are truly honored that GlobalMed saw us as a candidate to add additional value to their already industry-leading status.” said TreatMD Co-founder Michael Muchnick.