QGenda, a Hearst company and a leading provider of software that empowers healthcare organizations to streamline care team scheduling, optimize staffing and enhance operational efficiency, announced that it has completed the acquisition of New Innovations, the industry’s largest provider of residency management software (RMS). New Innovations’ specialized software is used by hospitals and health systems to manage all aspects of their physician graduate medical education programs.
The announcement was made by Steven R. Swartz, Hearst president and CEO; Gregory Dorn, MD, Hearst Health president; Greg Benoit, QGenda CEO; and Steve Reed, New Innovations president. With this acquisition, QGenda expands its existing healthcare workforce management solution to include the management of the resident and fellow training lifecycle, including onboarding, evaluations, scheduling and value-based reimbursement strategies.
“The addition of New Innovations strengthens our commitment to delivering a single workforce management platform that enables our customers to address the specific needs of each member of the healthcare workforce, now including residents,” Benoit said. “Delivering a more seamless integration with New Innovations enables a single source of truth for workforce management data and insights across the entire care team. Additional investments in AI solutions to streamline resident evaluations and enhancements to mobile capabilities will help to eliminate the time-consuming, manual process of managing providers and residents across two separate systems.”
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New Innovations manages the end-to-end resident lifecycle, providing a complete view of medical learners and the efficacy of programs to ensure optimal accreditation results, curriculum alignment and learner outcomes. Accredited residency and fellowship programs nationwide leverage the New Innovations Residency Management Suite to more effectively onboard and credential residents and fellows, optimize schedules, complete evaluations and provide administrative oversight and guidance. The acquisition of New Innovations helps to ensure that QGenda’s customers that sponsor residency and fellowship programs can more efficiently maintain accreditation, successfully graduate residents and receive reimbursement for residency programs.
“New Innovations has partnered with residency programs for more than 25 years, empowering medical educators and administrators to provide quality medical education,” said Reed. “By joining forces with QGenda, we’re able to deliver greater value to our combined customers. QGenda shares our unwavering commitment to supporting hospitals and health systems but also brings a deep expertise in healthcare. Their singular focus on addressing the complexities of managing the healthcare workforce makes this partnership an exciting opportunity to amplify our impact and better serve our customers.”
Source: BusinessWire
