Infina Connect Featured in Wall Street Journal’s “Startup of the Year” Series
June 27, 2013 (Source: Marketwired) — Infina Connect, a dynamic healthcare technology company, today announced that it has been featured as part of The Wall Street Journal‘s “Startup of the Year” series, an episodic video documentary for WSJ Live, the publication’s online video platform. The series matches 24 entrepreneurs with global business leaders and influencers to track their progress from startup to success over the course of five months. As the only healthcare information technology company named to the group, Infina Connect’s selection further validates its commitment to innovation in providing the healthcare industry with technology solutions that reduce costs and improve the quality of patient care.
Since its launch, Infina Connect has quickly achieved success in connecting physicians, clinics, hospitals and other healthcare entities with a suite of cloud-based products built on its core platform. Over a two-year span, the number of subscribers using the platform has reached 4,500 physicians from 1,500 clinics across North Carolina. And, in a little over a year, Infina Connect has enrolled the majority of physicians in the Raleigh, N.C., area — more than 1,500 providers (physicians and physician assistants) from 400 clinics, including all three major hospital systems serving Raleigh — with its Intelligent Care Coordinator (ICC), a community-based patient referral resource management system.
Get our daily investorintel update
Key Physicians Medical Home Network, the largest independent physicians association in the Research Triangle Park area, leverages the ICC across its 225 primary care physicians.
“Infina’s technology allows us to effectively utilize the highest quality local specialists, diagnostic and ancillary services to improve patient care in tight coordination with our primary care practices, and to use their distributed care management capability to engage high-risk patients,” said Ray Coppedge, executive director of Key Physicians Medical Home Network. “In total, we achieved a six percent medical cost reduction over the first nine months of our Accountable Care Organization contract.”
In addition to ICC, Infina Connect’s platform delivers prescription drug registry technology that combines best practices in prescribing guidance and documentation backed up by prior authorization. Currently in use by North Carolina Medicaid prescribers and developed in partnership with Community Care of North Carolina, the system replaces manual approval systems and helps ensure the safe prescription of medication while helping to cut costs through the elimination of third-party processing fees. The drug registry system emphasizes evidence-based guidelines to help physicians to make the right decisions for their patients.
“If clinics can’t communicate effectively with each other for patients who require coordinated medical attention, the result is waste and gaps in care,” said Siu Tong, CEO, Infina Connect. “We designed our platform to deliver cloud-based solutions that reduce healthcare costs in large populations, solutions that can be widely and rapidly adopted to help organizations simplify their processes, communicate more directly and reduce waste. This visibility from The Wall Street Journal as a ‘Startup of the Year’ participant provides excellent recognition of the progress we’ve made so far in achieving this goal.”
Companies selected for the “Startup of the Year” series include startups from a wide range of industries, including philanthropy, energy and education. In addition to being the only healthcare information technology company included, Infina Connect was also the only company from North Carolina selected to the group. The series was launched on June 24, 2013, and is sponsored by the New York Stock Exchange.
InvestorIntel is a trusted source of reliable information at the forefront of emerging markets that brings investment opportunities to discerning investors.