DocuTAP and Practice Velocity Merge to Set New Benchmark in Urgent Care EMR Solutions

VCBeat (WeChat Official Account: vcbeat) has learned that on April 8, local time, DocuTAP and Practice Velocity publicly announced on their websites their plan to merge and restructure. Prior to the completion of the transaction, the two companies will continue to operate as independent entities. Upon receiving regulatory approval, they will immediately restructure into a single company.

Practice Velocity, founded in 2002 and headquartered in Illinois, USA, is a provider of electronic medical record (EMR) and practice management (PM) software solutions for urgent care centers. Over 900 urgent care clinics across all 50 U.S. states utilize Practice Velocity’s products and services to enhance performance. The company is dedicated to efficiently supporting healthcare institutions in delivering high-quality care while maximizing revenue for urgent care centers, medical clinics, outpatient specialty practitioners, and primary care physicians.

“Practice Velocity’s urgent care EMR works as fast as the human brain. While most physicians are dissatisfied with other brands of EMRs, Practice Velocity’s EMR is exceptionally user-friendly. By using Practice Velocity’s EMR, our clinic has seen a 15% increase in patient visit revenue,” said Dr. Wayne Sebastiano of Glendale Family Medicine.

DocuTAP, founded in 2000 and headquartered in South Dakota, USA, provides emergency care EMR and practice management software to healthcare service organizations, having established partnerships with over 3,000 clinics across the United States. The company’s software is intuitive and efficient, enhancing the productivity of healthcare practitioners and facilitating greater convenience for patients. Additionally, DocuTAP offers on-demand healthcare solutions to help reduce patients’ medical costs.

Following the merger of DocuTAP and Practice Velocity, the combined entity will continue to collaborate with urgent care centers across China. Both the DocuTAP online platform and the Practice Velocity online platform will be retained concurrently. The two companies will share their customer base and provide services including patient consultations, teleradiology, and protocol development. Leveraging their integrated expertise, the merged company will creatively deliver innovative, high-quality solutions to elevate technical standards in urgent care.

“The merger enables us to accelerate industry innovation and better address the challenges facing today’s consumer-centric healthcare services,” said Eric McDonald, Founder and CEO of DocuTAP. “Through this merger, we combine our expertise with patient-centered healthcare services to deliver a comprehensive suite of on-demand healthcare solutions, helping our clients maximize revenue and achieve operational efficiency in urgent care.”

Reference Link:

https://docutap.com/

https://www.practicevelocity.com/

https://medcitynews.com/2019/04/docutap-practice-velocity-merge/?rf=1

(Compiled by Liu Na)