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eNotes Systems, Inc. (eNotes) is a software, business intelligence, and technology company, delivering integrated medical management solutions to healthcare providers.
Their products and services, the ‘eNotes Solution’, assist healthcare professionals in delivering and managing the clinical, operational, and financial aspects of their business, thereby increasing revenue, reducing cost, standardizing processes and improving the quality of patient outcomes.
The ‘eNotes Solution’, offers cost-effective, accurate, and automated methods of improving the quality of the data collected and enable their customers to use the data to provide daily reports that identify anomalies in clinical observations, identify profit or loss potential for an episode of care, and perform benchmark observations about the data. As a provider of information technology solutions, eNotes enables healthcare providers the ability to access and manage information efficiently and cost effectively.
INDUSTRY OVERVIEW
The costs of health care impose an enormous burden on the economy. The latest projections from the Centers for Medicare & Medicaid Services show that annual health-care expenditures are expected to reach $3.1 trillion by 2012, growing at an average annual rate of 7.3% during the forecast period or 17.7% of gross domestic product, up from 14.1% today.
The healthcare industry continues to be subject to the pressures of various regulatory, operational, technological, and economic factors creating the need for better information systems and processes. A major issue facing healthcare institutions is compliance with the proposed Health Insurance Portability and Accountability Act of 1996 (HIPAA). These rules dictate security standards that must be adopted by all healthcare organizations that capture and transmit specific types of data.
As a result of HIPAA, a significant number of healthcare providers across the United States must adopt a new approach to guaranteeing the confidentiality and privacy of the patient record, which has had a significant impact on capital spending in healthcare and will continue to do so in the years to come.
THE e-NOTES SOLUTION
At eNotes Systems, they design, develop, market, sell, and support their software, business intelligence services, and technology that assist healthcare providers effectively manage the clinical, operational, and financial aspects of their business.
Their products and services are specifically designed to help healthcare providers in delivering and managing the clinical, operational, and financial aspects of their business. They enable their clients to integrate patient-centric data with their current legacy systems - regardless of their legacy system vendors - so they can benefit from an “open system,” capturing and transmitting data in a format that can be easily accessed by physicians and administrators through their Application Service Provider (“ASP”), which allows their clients to access their software through the Internet.
e-NOTES STRATEGY
The focus of the eNotes strategy is on becoming a leading provider of e-health, business-to-business services within the next 3-5 years. The Company’s strategies vary by segment, based upon each segment’s goals and initiatives. As a result, physicians will have the opportunity to access to not only medical records from their homes or offices, including CAT scans, MRI, digital X-ray, and all types of Ultrasound images, in addition to clinical results and patient information received from hospitals and clinics in addition to providing transmission of high-quality bidirectional products and service.
