Stronger Together: How Vyne Medical’s Acquisition Is Redefining Healthcare Operations
Explore how Vyne Medical’s recent merger with Extract Systems raises the bar in healthcare innovation.
A New Era in Automation
On September 17, 2024, Vyne Medical® announced the acquisition of Extract SystemsⓇ, an award-winning provider of advanced data extraction solutions, solidifying Vyne Medical’s position as a leading healthcare automation company.
For 25+ years, Vyne Medical has remained dedicated to improving patient care, and this partnership will further amplify our impact on the healthcare industry. We’ve been your trusted partner in document workflow automation, and now we’re excited about the opportunity to expand our solutions to other areas of your hospital.
Why Healthcare Needs This Partnership
According to a recent HFMA poll, 60% of health system executives prioritize improving the patient experience in 2024. Additionally, over a quarter of respondents plan to strengthen clinical documentation as part of their strategy to help increase overall revenue. Our unified technology empowers executives to reach both of these important goals by seamlessly automating document and clinical workflows.
We’re Better Together
Vyne Medical’s solutions streamline front-end administrative tasks by capturing, managing, and exchanging incoming patient data from virtually any source. With our expanded services, we’re taking it a step further. Through Extract’s clinical workflow automation solutions, we are extending our offerings into new areas of the hospital, such as HIM Departments and laboratories, to create a comprehensive solution that can automatically:
- Reduce each data transcription from 5 minutes to 30 seconds with over a 90% accuracy rate1
- Find and extract detailed lab results to a patient, order, and encounter
- Standardize test names, codes, unit measures, and reference ranges
- Deliver incoming patient data in administrative and clinical workflows directly to the EMR system
- Provide transparency into ongoing tasks, transactions, and worklists
- Allow teams to search for information using patient account number, date of birth, document type, or other customized fields
Streamline Workflows for Improved Satisfaction
We help create a seamless patient experience at every stage of care by simplifying your health system’s workflows. This allows patient access teams and clinicians to spend more time delivering high-quality care, freeing them from the burden of tedious manual tasks.
“By automating key processes in both administrative and clinical settings, this merger marks a major step forward in our commitment to improve patient care,” shared Caleb Manscill, President at Vyne Medical. “Together, we will provide health systems with the tools they need to achieve their goals and enhance satisfaction to pave the way for a future where every patient receives the highest quality care.”
Our combined solutions quickly deliver data to the EMR system, helping physicians and staff diagnose and treat patients more efficiently. Visit https://vynemedical.com/vynemedical-extract-merger/ to learn more about our expanded offerings.
Explore Further
Want to dive deeper? Read more on the topics covered in this blog:
- Vyne Medical Acquires Extract Systems to Bring the Most Comprehensive Document and Clinical Automation Solution to Healthcare
- Vyne Medical Makes Its AHIMA Debut After Recent Acquisition of Extract Systems
- Advancing Automation: Why Embracing Change is Now a Must in Healthcare
1Data and statistical results outlined in this presentation derive from a controlled survey conducted by Vyne Medical of healthcare professionals participating at the 2023 NAHAM Conference from May 2-5, 2023.
Sources:
HFMA. (2024, March 1). While increasing revenue is a top goal for 2024, improving the patient experience is a close second – specially for large health systems: HFMA poll. HFMA. https://www.hfma.org/cost-effectiveness-of-health/financial-sustainability/while-increasing-revenue-is-a-top-goal-for-2024-improving-the-patient-experience-is-a-close-second-specially-for-large-health-systems-hfma-poll/