Healthcare Technology Firm XSOLIS Acquires MEDarchon to Enhance Operational Efficiency Through Data-Driven Clinical Communication

VCBeat (WeChat ID: vcbeat) has learned that on November 19, 2019, healthcare technology company XSOLIS announced its acquisition of medical communication software company MEDarchon. The acquisition was completed on November 15, 2019, with financial terms undisclosed.

XSOLIS, founded in 2013 and headquartered in Nashville, Tennessee, is a healthcare technology company dedicated to improving operational effectiveness in the healthcare industry through cognitive computing technologies. XSOLIS partners with some of the most forward-thinking healthcare organizations across the United States, leveraging medical data analytics to integrate predictive insights and behaviors, thereby delivering healthcare solutions. The company aims to break down the silos between healthcare providers and patients (or payers), enhancing the quality of care and the management efficiency of healthcare companies, thus creating a better healthcare system for all stakeholders.

Currently, XSOLIS has begun to expand its use of cutting-edge healthcare technologies—artificial intelligence, predictive analytics, and machine learning—thereby providing stronger technical support and momentum for cognitive computing technologies.

MEDarchon, founded in 2012 and headquartered in Nashville, Tennessee, USA, is a startup specializing in intelligent clinical communications. The company provides healthcare providers with a secure messaging platform, with a mission to enhance the efficiency and accuracy of healthcare communications.

Currently, communication failures account for 60%–70% of the 200,000 fatal medical errors that occur annually in the United States. Furthermore, with paging solutions, one in every seven pages is incorrectly sent to the wrong recipient, and over 30% of pages go unanswered within 15 minutes of being sent. To address this increasingly severe issue, MEDarchon has developed Quarc, a clinician collaboration platform.

Quarc leverages its message prioritization and routing capabilities to ensure that messages are not only delivered accurately to individuals but also processed within appropriate timeframes. Quarc is a web portal and mobile application that significantly enhances the clinical paging process, replacing phones, text messaging, pagers, intercoms, faxes, and all other legacy communication devices used in hospitals. Quarc also includes an advanced analytics suite designed to identify anomalies and predict whether and when medical errors may occur. By implementing the Quarc system, healthcare organizations can reduce information disruptions and errors, improve communication efficiency, accelerate workflows, and mitigate data risks.

MEDarchon provides real-time, unified clinical communication to enhance care delivery, while XSOLIS leverages real-time clinical data and analytics to improve healthcare operations; both companies share a common goal.

Joan Butters, CEO and Co-Founder of XSOLIS, stated, “XSOLIS is a partner equally committed to innovation and progress as MEDarchon, and our two companies envision a shared future. Real-time data can inform real-time communications, thereby building a smarter future for the healthcare industry.”

Lyle Beasley, a member of the MEDarchon Board of Directors, stated, “We are delighted to join XSOLIS. We believe our customers will greatly benefit from the products and solutions offered by XSOLIS.”

(Compiled by Jiang Ying)