Champion Healthcare Technologies Receives Investment from The Riverside Company

Champion and HemaTerra combine to create a leading medical specialty software company

CHICAGO - June 6, 2019 - Champion Healthcare Technologies (Champion), a SaaS provider that enables hospitals to manage surgical implants throughout their life cycle – from receipt, inventory storage, and usage, to post-surgical tracking and reporting -- received investment from The Riverside Company, a global private equity firm. Through the investment, Champion is combining with HemaTerra Technologies (HemaTerra), a provider of SaaS-based solutions for independent and hospital-based blood collection centers and plasma collection centers. Riverside made an investment in HemaTerra earlier this year.

“We are thrilled to partner with The Riverside Company and to combine with HemaTerra,” says Champion’s Co-founder Peter Casady. “We look forward to continuing to make an impact on implant management through improved patient safety and hospital cost savings.”

Champion’s industry-leading solutions are used by many of the largest and most sophisticated health systems in the U.S. Through deep integration with vendors, system-wide visibility into implants, and robust analytics, Champion’s implant management software helps customers improve patient safety, reduce costs, and maintain compliance. The combined company will serve over 500 hospitals and many of the leading independent blood and plasma collection centers in the U.S.

“The combination of our companies will not only enable us to accelerate our growth in the hospital market but also to better serve our customers through new and innovative product development and expanded service offerings,” says Champion’s President, Maria Siambekos.

Champion chose to partner with Riverside, given its strong track record and commitment to investing in software and healthcare companies. To date, the firm has completed more than 150 investments in these areas and has a team of global experts dedicated to growing companies in these specializations.

“By combining with Champion, who share our approach of providing top-notch healthcare specialty software, we look forward to optimizing the healthcare supply chain. We are in a unique and exciting position to connect key supply chain stakeholders, including blood banks, tissue banks, hospitals, manufacturers, donors, and volunteers,” says HemaTerra CEO Todd Collins.

 

Refer all media inquires to: Maria Siambekos, President, Champion Healthcare Technologies (1-866-803-3720)

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About The Riverside Company

The Riverside Company is a global private equity firm focused on investing in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has made more than 600 investments. The firm's international private equity and structured capital portfolios include more than 90 companies.

 

About HemaTerra Technologies

HemaTerra provides industry-leading software that integrates to provide blood, plasma, and hospital organizations with a broad view of their supply chain for complete operations management. The suite of products assists customers with hospital order entry, donor recruitment, mobile drives, collections staffing, product QC, and equipment maintenance. Integration removes the barriers of information across departments so that customers can seamlessly run their entire operations.

 

About Champion Healthcare Technologies

Founded in 2005, Champion provides comprehensive implant management solutions to over 500 hospitals and health systems. Its broad portfolio enables organizations to effectively track and manage implants throughout their life cycle (i.e., receipt to explant) to improve patient safety, reduce costs, and minimize risk. Through deep integration with vendors, system-wide visibility into implants, and robust analytics, Champion empowers organizations to drive meaningful results.


Champion Healthcare Technologies CEO Peter Casady to Present at the Association for Healthcare Resource and Materials Management 2018 Conference

AHRMM18 Presentation to Discuss Warranty Credit Requirements and Best Practices to Mitigate Risk

CHICAGO - August 7, 2018 - Champion Healthcare Technologies, an implant tracking and inventory management company, announced today that Peter Casady, founder and chief executive officer, will present alongside Tyler Fredericksen, category analyst, Centura Health, at AHRMM18. The Learning Lab session entitled, "Navigating OIG Audits for Device Overpayments: Best Practices" will be held on Tuesday, August 14th at 1:00 p.m. CT.

"Errors in device warranty credit tracking and reporting can leave hospitals at risk of an OIG audit and liable for significant penalties," said Peter Casady, CEO, Champion Healthcare Technologies. "It can be challenging because the process is typically very fragmented and lacks transparency. However, with the right procedures and systems, we believe hospitals can significantly streamline workflow and increase visibility throughout the process to reduce risk."

The session will include a discussion about Centers for Medicare and Medicaid Services (CMS) requirements, Office of Inspector General (OIG) audits and the resulting financial penalties around incorrectly reporting medical device warranty credits. The presenters will describe best practices for internal processes and procedures to effectively manage claims to reduce risk and ensure compliance. In addition, Fredericksen will provide an overview of Centura Health's approach to streamline the workflow and create transparency throughout the process to enable stakeholders across the organization to be more efficient.

ARHMM18 is scheduled for August 12-15th in Chicago, IL. In addition to the presentation, Champion Healthcare Technologies will also be exhibiting at Booth #223. For more information, visit www.championht.com/events/ahrmm18-conference-exhibition.

About Champion Healthcare Technologies
Champion Healthcare Technologies provides comprehensive implant tracking and inventory management solutions. Its broad portfolio helps hospitals and health systems effectively track and manage tissue and implants throughout the enterprise to ensure compliance, optimize efficiency and improve patient safety and quality. Leveraging a deep integration with vendors, government entities and other systems, Champion empowers healthcare organizations with greater transparency and visibility. For more information, visit us at www.ChampionHT.com or follow us on LinkedIn and Twitter.


Champion Healthcare Technologies Launches Software Pilot to Address Medicare Overpayments

CHICAGO, Aug. 1, 2017 /PRNewswire/ - Champion Healthcare Technologies ("Champion"), a healthcare information technology company and leader in tissue tracking and medical device management systems (MDMS) for hospitals, in collaboration with Mayo Clinic, has developed a warranty management system to address Medicare overpayments for the replacement of defective medical implants. The Warranty Tracker™ system is currently being piloted at three Mayo Clinic campuses in Rochester, MN, Jacksonville, FL and Phoenix, AZ.

Warranty Tracker™ helps providers automate and streamline the warranty reimbursement process for implanted medical devices including pacemakers and defibrillators, cochlear implants, and neuro stimulators. The Centers for Medicare and Medicaid Services (CMS), requires hospitals to obtain available credits from manufacturers for replaced medical devices and to keep records of the credits they receive. Currently a provider must undergo a complex series of manual steps without clear visibility into the reimbursement status of returned devices in order to receive full or partial credit from manufacturers for devices that are covered under warranty. Providers are subject to audit by the Office of Inspector General (OIG) and want to ensure the reimbursements from manufacturers are up to date and accurate.

In October 2016, The Wall Street Journal reported the U.S. government "spent $1.5 billion in taxpayer dollars to treat 375,000 Medicare patients who received faulty cardiac implants.1" OIG audits confirm overpayments to providers due to issues including improper tracking of device warranty credits from manufacturers. These credits can amount to thousands of dollars per patient and CMS can levy fines to hospitals it judges noncompliant in securing warranty credits which are due without applying those credits to the patient's bill.

"We're very proud to work with Mayo Clinic to provide hospitals with a management tool that solves the complex problem of capturing warranty reimbursement dollars and document refunds to Medicare for overpayments on replacement devices," said Peter Casady, Chief Executive Officer of Champion Healthcare Technologies. "The Warranty Tracker solution draws on Champion's core expertise developing medical device management systems that improve patient safety and compliance and reduce hospital operating costs."

Under the agreement, Champion and Mayo co-developed the warranty credit management software and conducted beta testing at Mayo Clinic.

"The process for tracking device warranties can be challenging due to many touchpoints and we at Mayo Clinic have been proactive to improve the processes and efficiency," says Paul Friedman, M.D., a cardiologist at Mayo Clinic who has collaborated on the project.

Champion holds the exclusive global marketing license. The warranty credit management solution, Warranty Tracker™, can be incorporated as a module in Champion's UDITracker® Interventional or UDITracker® OR software solutions.
Mayo Clinic and Dr. Paul Friedman have a financial interest in the technology referenced in this news release. Mayo Clinic will use any revenue it receives to support its not-for-profit mission in patient care, education and research.

1Wall Street Journal - Oct 19, 2016 https://www.wsj.com/articles/a-better-way-to-find-faulty-pacemakers-1476916626

About Champion Healthcare Technologies
Champion Healthcare Technologies is a privately held, healthcare information technology company and leader in tissue tracking and implantable medical device management systems (MDMS) for hospitals. Champion's flagship system UDITracker® captures, documents and shares medical implant information between patient care and supply chain information systems, empowering hospitals with the insights they need to increase patient safety and drive down operating costs.


Vysnova Partners Teams with Champion Healthcare Technologies to Provide Air Force Implant and Tissue Tracking Software

Washington, D.C. (March, 2017)-Vysnova Partners and Champion Healthcare Technologies were recently awarded the Department of Defense (DOD) Air Force medical tissue tracking contract.

Vysnova will serve as the prime and Champion as the subcontractor on the project, which will deploy a commercial off the shelf (COTS) best-in-class software system programmed to track implants and tissues across four Air Force bases.

"We are excited to be working with Champion to support the Air Force by implementing software that is vital to ensuring compliance and patient safety," said Carlos Rivera, Vysnova CEO. "Vysnova has experience working across DOD programs, and we look forward to expanding the scope of our work with the Air Force."

The tracking solution automates the entire chain of custody for tracking tissue and implants - from the loading dock until each is implanted in a patient. The program provides Joint Commission compliance for tissue as well as a Meaningful Use 3 solution in capturing Unique Device Identification (UDI) information for all implants ranging from orthopedic to dental. The software is a user-friendly, barcode scanning application that will help the DOD eliminate manual documentation and challenging expiration and recall investigation processes.

"We are honored to be working with the Department of Defense and specifically the Air Force on this project," said Pete Casady, Champion Healthcare Technologies CEO. "Our service will provide peace of mind to the valuable men and women who serve and defend our country."

The software can be used at any DOD location at which healthcare procedures involving implants are performed. With the new software, these facilities will meet Food and Drug Administration (FDA), DOD and other regulatory requirements, including the 2015 Department of Health and Human Services (HHS) mandate that requires UDIs in electronic health records.

Three locations have already been installed, with one more location to be added by May 2017.

About Champion Healthcare Technologies
Champion Healthcare Technologies is a privately held, healthcare information technology company and leader in tissue tracking and implantable medical device management systems (MDMS) for hospitals. Champion's flagship system, UDITracker®, captures, documents and shares medical implant information between patient care and supply chain information systems, empowering hospitals with the insights they need to increase patient safety and drive down operating costs.
UDITracker® is a comprehensive medical device management system that integrates regulatory compliance, inventory management, quality assurance, warranty credit management, and product recall inventory and patient matching into a single, streamlined system. Using barcode scanners, smartphone apps and RFID storage units, users capture accurate and complete medical device label information in a single swipe to ensure patient safety, produce inventory cost savings and to generate business-decision making analytics.
RecallConnect®, the only real-time recall inventory and patient matching system on the market, received a Chicago Innovation Award in recognition of its unique patient safety feature. It reduces from months to hours the amount of time it takes hospitals to identify patients and current inventory affected by a medical device product recall.
Founder and Chief Executive Officer Peter Casady established Champion Healthcare Technologies in 2006. Today, it serves hospitals and major medical centers nationwide and is the market leader in tissue compliance and medical device management. For more information, visit championht.com.

About Vysnova Partners
Vysnova Partners, Inc. teams with federal agencies to develop and implement government operations and acquisition solutions, as well as global public health initiatives. With a diverse team of project managers and subject matter experts who have worked both with and within the federal government, Vysnova has experienced our customers' challenges first hand. With that experience, Vysnova develops and delivers successful operational solutions for federal agencies. Whether it's Zika prevention research with the CDC in Colombia or developing curriculum for the Defense Acquisition University (DAU) stateside, Vysnova executes proven solutions so its customers are able to focus on their core missions. As one of the few government contractors with project implementation experience in every continent, Vysnova knows how to initiate and conduct business internationally to keep its customers in compliance while advancing the project and the broader mission that it serves. For more information, visit Vysnova.com.