Hyland Software, which is backed by Thoma Bravo, has bought Computer Systems Co., which provides business and clinical healthcare software and document conversion services. Financial terms were not announced. Both Hyland and CSC are based in Cleveland. Hyland, a software vendor, is the developer of OnBase, a suite of document and process management services. Thoma Bravo, with offices in San FrancisCo and Chicago, invests in mid-market technology and services companies.
Hyland Software has purchased privately held Computer Systems Company, Inc. (dba The CSC Group), a provider of business and clinical healthcare software and document conversion services. Terms of the transaction were not disclosed.
“Our goal is to have the dominant ECM solution across the entire healthcare network,” said A.J. Hyland, president and CEO of Hyland Software. “Currently, clinical applications are in the national spotlight. But, we have recognized that ECM is just as important in other parts of the organization, such as patient accounting. The aim is to achieve both the best patient care and most efficient operations possible. Buying The CSC Group strengthens and extends our presence in more parts of the healthcare system, particularly on the financial side.”
Founded in 1964, The CSC Group’s offerings include revenue cycle management solutions, a fully integrated ultrasound reporting and imaging product, and data and document conversion services. The company’s products and services help customers to eliminate business process bottlenecks, increase productivity and lower operational costs. Like Hyland Software, The CSC Group is headquartered near Cleveland, Ohio.
“It is widely accepted now that paper documents are inefficient and ineffective,” said Hyland. “The national push for fully electronic health records is calling more attention to this fact. But healthcare organizations are starting to learn that electronic medical record (EMR) systems – and other line of business systems in departments like registration and patient financial services – are not the panacea. Up to a quarter of all paper documents and digital files still exist outside of these applications.
“We are working hard to develop and, in this case, acquire product expertise that takes this ‘rogue’ content and makes it easily accessible from healthcare organizations’ clinical, financial and administrative applications. The result for providers is more time spent working with patients and less time chasing paper and files. Like us, The CSC Group team has successfully been battling paper and process problems for decades. Joining forces is going to benefit our customers for years to come.”
Visit this page to learn more about Hyland’s healthcare software solutions.
About the Hyland Software solution, OnBase
One of the largest independent software vendors in the world of enterprise content management (ECM), Hyland Software is the developer of OnBase. An award-winning suite of document and process management solutions, OnBase has a proven record of solving problems resulting from time consuming, costly and error plagued manual tasks. Available on-premises or as a cloud service (software as a service, or SaaS), OnBase installs quickly, cost effectively and is designed to grow with organizations. Hyland is backed by Thoma Bravo, LLC, a leading private equity firm.
Today, people at more than 9,400 organizations and institutions in 67 countries have the time to do the things that really add value thanks to OnBase. It has proven integrations with leading third-party systems like Epic, GE Centricity, Cerner, Eclipsys, MEDITECH and just about all other EMR and health information systems (HIS). Whether the function is clinical, financial or administrative, OnBase is a key technology in a growing number of hospitals, ambulatory care centers, physicians’ offices and home health organizations.
For more about how document management software is helping organizations to solve their operational problems, go to http://blog.hyland.com.