Multi-Year, Multi-Million Dollar Partnership Agreement Between CompuGroup Medical US and The Weston Group, Inc. Gives Big Boost to the Rehabilitation Services Market
PHOENIX, May 28, 2015 /PRNewswire/ -- 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. These services include Physical Therapy, Occupational Therapy, Speech Therapy, Hospice Care, Home Healthcare as well as Alcohol and Drug (A&D) Rehabilitation. The Weston Group, Inc. also offers a full line of post-acute ancillary services and Accountable Care Organization (ACO) services.
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.
"With this partnership underway, both CGM and The Weston Group, Inc. are poised for double-digit market share in the rehabilitation services market. The combination of our global experience in rehabilitation services, a commitment to service excellence and a comprehensive portfolio, places our companies in a unique position to help healthcare organizations achieve clinical and financial success," said Brandon Franklin, Vice President of Sales for the Ambulatory Information Systems Division at CGM US.
Founded on a mission to synchronize healthcare across the continuum, CGM strives for long-term partnerships that leverage innovation to achieve continuity in the delivery of quality healthcare.
About CompuGroup Medical AG
CompuGroup Medical is one of the leading eHealth companies in the world. With a revenue base of approximately $700 million, the company's 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.
About CompuGroup Medical US
CompuGroup Medical US is the US division of CompuGroup Medical AG – one of the leading eHealth companies in the world. CompuGroup Medical US works to synchronize the systems of the healthcare industry with the mission of patient care, enabling providers to achieve the best possible outcomes for their patients. CompuGroup Medical US creates healthcare IT solutions to support the clinical and practice management activities that take place in physician practices, community health centers and hospitals. These solutions include Meaningful Use certified electronic health records (EHRs) that are proven to contribute to safer, higher quality and more efficient healthcare. We also provide practice management (PM) software and productivity tools, EDI/reimbursement, lab information systems and more. For more information about CompuGroup Medical US, visit www.cgm.com/us.
About The Weston Group, Inc.
The Weston Group, Inc. is a comprehensive rehabilitation service company headquartered in Pennsylvania. A therapist owned company; The Weston Group, Inc. is a premiere provider of Physical Therapy, Occupational Therapy, Speech Therapy, and Rehabilitation Management Services. The company provides a comprehensive range of rehabilitation services to facilities and management services for contract rehabilitation for hospitals, home healthcare, school services and all levels of senior healthcare centers. The Weston Group, Inc. also develops and operates outpatient rehabilitation centers, as well as a comprehensive healthcare billing services throughout the United States. To learn more, visit www.westongroupinc.com.
Contact for media representatives:
CompuGroup Medical US
Stella Teyegaga
Marketing Manager
P: 1.855.270.6700 Ext. 7887
Email: [email protected]
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SOURCE CompuGroup Medical
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