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Clayton Associates is an investment firm passionate about building businesses. Here are our latest news and updates.

CHARTWISE MEDICAL SYSTEMS LEADS THE FIELD AGAIN WITH 2017 CATEGORY LEADER DISTINCTION

Andrew Bouldin

Feb 7, 2017 | VIA BLOG | Posted 12:00 PM by Dr. Jon Elion

WAKEFIELD, R.I.– (February 6, 2017) – ChartWise Medical Systems, Inc. (www.chartwisemed.com), the industry leader in Computer-Assisted Clinical Documentation Improvement (CACDI) software, is once again a recipient of a KLAS Category Leader distinction. The leading edge CACDI software provider is being recognized as the 2017 Category Leader for CDI Software for the second consecutive year—the company’s third consecutive year leading the field in their space. Best in KLAS rankings celebrate vendors receiving highest provider scores for software and professional services.

ChartWise achieved the top score in the 2017 Best in KLAS: Software & Services report as a result of a comprehensive analysis of organizations within the CDI space. The ChartWise solution boasts industry-best reporting capabilities, a sophisticated and intuitive user interface, Query Wizard and Physician Advisor functionality, an integrated encoder, and a variety of additional user-friendly features designed to help physicians and health information management (HIM) professionals deliver accurate documentation resulting in proper reimbursement.

“ChartWise works hard each and every year to deliver the absolute best coding, documentation and reporting tools hospitals and medical centers rely on to be successful in the current healthcare environment,” said Dr. Jon Elion, founder and CEO of ChartWise Medical Systems. “Receiving this distinction as a KLAS Category Leader for CDI Software two years in a row—and an outstanding performer for three years in a row—means a great deal to everyone on the ChartWise team because of the breadth of analysis KLAS performs to determine their winners. We have never shied away from the challenge to be the best and we know the best is exactly what our users have come to expect from the documentation and coding tools and services we provide.”

KLAS drills down on over 50 market categories each year to answer the most pressing questions using input that comes directly from healthcare professionals. KLAS evaluates vendor performance autonomously with the active participation of thousands of healthcare organizations—utilizing a stringent methodology to ensure all data and ratings are accurate, honest and impartial. The Best in KLAS report provides key decision-makers across the globe with the real customer story as they face difficult healthcare technology choices.

“The Best in KLAS report celebrates and recognizes vendors who have made significant strides to improve healthcare while addressing changes like payment reform and the shift to population health. The KLAS team applauds your efforts and acknowledges your commitment to innovation and achievement,” said Adam Gale, President of KLAS. “As the years go by, we are continually humbled by the number of providers who share their experiences with us; they make all our reports, especially our Best in KLAS report, possible.”

For additional information about the ChartWise 2.0 product, please visit http://www.chartwisemed.com/products.

About ChartWise

ChartWise Medical Systems, Inc., based in Wakefield, RI, is a medical software firm and the developer of ChartWise 2.0, a web-based solution for Computer-Assisted Clinical Documentation Improvement.  ChartWise 2.0′s clinical intelligence expertise assists physicians and clinical documentation specialists with increased efficiencies and completeness of documentation, queries and workflow.  Developed by renowned physician Jon Elion, M.D., ChartWise 2.0 is the only documentation software that translates clinical language used by physicians into accurate diagnostic language required for documentation and reimbursement. ChartWise was recognized on the 2016 Inc. 5000 as one of America’s fastest-growing private companies, placing first among all Rhode Island-based businesses on the list. ChartWise was also selected as the 2015/2016 KLAS Award Winner for the CDI Software category and as a 2015 Red Herring Top 100 North America and Global 100 Winner. For more information, visit www.chartwisemed.com.

About KLAS
KLAS is a research firm on a global mission to improve healthcare delivery by enabling providers to be heard and counted. Working with thousands of healthcare professionals and clinicians, KLAS gathers data on software, services and medical equipment to deliver timely reports, trends and statistical overviews. The research directly represents the provider voice and acts as a catalyst for improving vendor performance. To learn more about KLAS and our reports, visit www.KLASresearch.com.

Grant Blevins Promoted to Associate

Andrew Bouldin

We are pleased to announce the promotion of Grant Blevins to Associate at FCA Venture Partners. 

Grant originally joined the firm full-time in the fall of 2014 as an Analyst. He will continue to support the firm in deal sourcing, research initiatives, due diligence, representation at industry conferences and events, and investor communications. Grant has also been a valuable resource to FCA's current portfolio companies by providing ongoing support from potential investor and customer introductions, operational best practices research, and more. 

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How metric-driven decisions can bring 'revolutionary' innovation back to healthcare

Andrew Bouldin

Julie Schulz, MD, MPH, and vice president of research and insights at Chicago-based Procured Health, sees the innovation gap firsthand. She says it occurred because hospitals have historically paid for "evolutionary rather than revolutionary" innovation. "Manufacturers can continue getting away with adding a new bell or whistle every six months because hospitals will continue to pay premiums for that," she says.

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BBH Capital Partners Completes Recapitalization of Haven Behavioral Healthcare

Andrew Bouldin

Haven, headquartered in Nashville, Tennessee, is a leading provider of specialized inpatient psychiatric stabilization and treatment services to a growing population of older adults with acute psychiatric issues, including depression, anxiety, psychosis or other severe behavioral problems. The Company operates six acute psychiatric facilities in five states, including geriatric and adult psychiatric units and partial hospitalization programs. Haven is well-positioned to benefit from an increased focus on behavioral health treatment as well as the rapidly growing geriatric population in the U.S.

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MediQuire CEO Klaus Koenigshausen Featured in World Economic Forum... Forget genes: it’s your zip code that influences your health

Andrew Bouldin

Improving health outcomes in low-income populations is crucial to slowing rising healthcare costs in developed countries. Significant efforts have gone into driving productivity of hospitals and physicians, implementing checklists to standardize care for populations, and using historical cost data to forecast high-cost patients. Despite these efforts, we are not significantly better off today than we were 10 years ago, and overstretched healthcare budgets, especially for the low income, elderly and disabled, are threatening the financial stability of government balance sheets for generations to come. So, what are we missing?

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Procured Health Raises $10 Million in New Funding From Heritage Group and Health Insight Capital

Andrew Bouldin

Procured Health (Procured), a provider of data-driven technologies that improve patient care while also eliminating wasteful spending, announced today it has secured additional funding from healthcare industry investors, led by Heritage Group, a venture-capital firm backed by some of the nation's leading healthcare companies, and with participation from Health Insight Capital, a subsidiary of HCA.

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Leading Video Creation Marketplace, StudioNow, Signs Multi-Year Deal with Yelp

Andrew Bouldin

StudioNow, the leader in providing scalable video solutions for big brands, announced today its partnership with Yelp Inc., the San Francisco-based company that helps people find great local businesses. With a network of more than 10,000 highly-curated and vetted video professionals, StudioNow will provide on-demand video creation at an affordable price to the businesses that advertise on Yelp. 

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