Phynd Technologies Announces Continued Company Growth

DALLAS, May 25, 2017 /PRNewswire/ -- Phynd Technologies continues leading the charge to simplify healthcare provider data management by announcing the following two large healthcare systems that will begin using the Phynd Enterprise Provider Data Management (EPDM) solution to manage and improve the quality of their provider data.

Prime Healthcare (Ontario, CA) will use Phynd EPDM to manage more than 32,000 providers. The solution will be integrated to their Epic electronic health record (EHR) and Cactus credentialing systems and will be implemented in all 44 of their hospitals across 14 states.

The University of Michigan Health System (Ann Arbor, MI), one of the largest healthcare complexes in the world, will also use Phynd EPDM to manage more than 67,000 providers across their five hospitals, including the University of Michigan Medical Center main campus as well as their primary and specialty care centers. It will also be integrated to their Epic and Cactus systems.

Phynd EPDM will enable each healthcare system to improve their financial results, clinical outcomes, staff productivity and regulatory compliance by providing a secure, enterprise IT system to gather, manage, and share critical data about the licensed providers that care for their patients.

"Provider data sits at the core of all hospital operations; however, it is an undermanaged and undervalued asset in health care," comments Tom White, Phynd CEO. "The Phynd EDPM solution enables our clients to improve care coordination, revenue cycle, and provider search for marketing purposes. Overall, our clients see increased producivity, improved top-line revenue and better preparation to succeed within the changing healthcare reimbursement landscape."

Phynd EPDM addresses a fundamental healthcare challenge: Hospital provider communities are constantly changing. In fact, 2.4% of all providers change addresses or other contact information every month and 30% change their hospital or practice-group affiliations every year¹. Most organizations do not have the means to unify and centrally manage provider data and eliminate provider data silo's. The Phynd EPDM Platform provides this centralized management in a secure, work-flow driven, cloud-based platform.

The Phynd EPDM solution also includes Phynd A Doc, a SaaS application that enhances online referral management and provider outreach via external and internal 'Find A Physician' search sites. Phynd A Doc significantly improves the granularity, effectiveness and accuracy of online provider search by referring physicians and the patient community by enriching the search. curation, and display of client-specific provider data from Phynd EPDM.

¹ Beck, Melinda. "Health Insurers to Face Fines for Not Correcting Doctor Directories." The Wall Street Journal 28 Dec. 2015.

About Prime Healthcare

Founded in 2001, Prime Healthcare has emerged as one of the nation's leading hospital systems. 34Through a physician-directed and patient-centered model, passionate dedication to quality, evidence-based best practices, operational efficiency, technology and capital investment, their hospitals are recognized among the best in the nation. Prime Healthcare has been named a "15 Top Health System" by Truven and their hospitals are consistently among the "Top 100 Hospitals" in the country.

About the University of Michigan Health System

Michigan Medicine is home to one of the largest health care complexes in the world. It has been the site of many groundbreaking medical and technological advancements since the Medical School first opened in 1850. Today, Michigan Medicine continues to deliver the Michigan Difference through cutting-edge research and premier patient care. According to U.S. News and World Report, they're among the best in the nation in a broad range of adult and pediatric specialties.

About Phynd Technologies

Since 2013, Phynd has been on a mission to simplify provider data management for healthcare systems as they transition to value-based care. Today, 140 hospitals managing 500,000 providers across the US use Phynd's Enterprise Provider Data Management (EPDM) solution to maintain a single source of truth for one of the most important assets in the delivery of care: provider data.

Phynd offers healthcare systems an EPDM solution that securely gathers, manages and shares high quality provider data to improve clinical communications, revenue cycle, provider search, operational productivity and risk management. Phynd is the first healthcare IT company to offer a secure cloud-based platform, SaaS applications and professional services that combine external and internal data sources to create unique composite provider profiles crucial for healthcare business processes and patient care. Learn more at www.phynd.com

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SOURCE Phynd Technologies

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