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SHELTON — Health care software and services company iMedX, of 4 Corporate Drive, has acquired MedTech Transcriptions Inc., a move that extends its customer base into Louisiana.
MedTech is a medical transcription company serving medical clinics in Louisiana for more than 15 years.
MedTech officials said Tuesday that their production and customer service teams will augment iMedX’s staff to continue to provide “superior services” to clients across the United States.
Venkat Sharma, iMedX’s president and chief executive officer, along with the iMedX management team, will continue to lead the combined companies. MedTech’s founder and CEO Bruce Bonar will work with iMedX through the transition and assist iMedX in expanding its customer base in the region.
“With the growth of federal government requirements for technology in health care, many small transcription companies are realizing they lack the resources to keep pace,” Sharma said in a statement.
“Forward-thinking companies, such as iMedX, with a scalable and seamless worldwide work force and powerful technology to automate medical documentation management, are instrumental in achieving significant improvement in the quality of care,” the statement said.
IMedX’s Internet-based platform for medical transcription is called TurboScribe. Other electronic products offered by the company include Electronic Medical Record and TurboRx for handling prescriptions.
“As our fifth acquisition in the past 12 months, this acquisition is an essential part of our strategy to grow through direct sales and acquisitions as well as propagate TurboScribe software throughout our transcription customer base — concurrently rolling out other products to help the physician lower costs and increase revenues. IMedX intends to grow into a major force in the clinical documentation software and services industry through this strategy,” Sharma said.
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