Natick, MA – January 20, 2009 – Interbit Data, a leading provider of software and services for improving healthcare efficiency, today announced the company has exceeded its revenue goals for 2009, attaining its best year ever in terms of growth and revenue. The company reports $2.7 million in revenue for 2009, a 50% increase over 2008. Interbit Data has averaged 50% revenue growth year over year since 2006.

“Because healthcare organizations are required to meet data interoperability requirements for economic stimulus funding and comply with governmental regulations such as HIPAA, they must implement technologies that enable fast and secure data exchange and protect patient information during system downtime,” said Arthur Young, president of Interbit Data. “Our continuing growth, even during the current economic climate, is due to our ability to respond with solutions that save critical time, ensure patient confidentiality, and create efficiencies that reduce costs yet improve the delivery of patient care.”

Interbit Data ended 2009 with the addition of 40 new customer accounts to its current base of 600 customers across the United States, Canada and the United Kingdom. New customers include Mercy Medical Center (OH and IA), Spalding Rehabilitation Hospital (CO) and Southcoast Hospitals Group (MA). The company also experienced a 25% increase in sales of additional products to its existing customer base. Interbit Data primarily sells its solutions to hospitals and other healthcare organizations.

Interbit Data was also named this year to the Inc. Magazine list of the 5,000 fastest growing private companies in the United States. The company ranked No. 2909 as a result of achieving over 96% growth from 2005 to 2008, a growth rate that is 70% more than other companies in the same industry. This was Interbit Data’s first year listed on the Inc. 5000.

Interbit Data offers three types of solutions that contribute to increased productivity, reduced costs and, ultimately, better and more consistent patient care:

• Information distribution – automates the secure transfer of information in multiple formats (print, fax, email or file), easily integrating it into electronic medical records (EMRs) using the industry standard HL7 format.
• Business continuance – ensures up-to-date patient data is readily available in the event of a network or system outage.
• Scheduling and workforce optimization – designed to improve the effectiveness of nursing and other clinical staff to better meet patient demand. MAPS Health Suite streamlines the entire process – from modeling the demand, through to scheduling and payroll.

About Interbit Data

Founded in 1997, Interbit Data helps healthcare organizations deliver better, more consistent patient care with secure, reliable and cost-effective software solutions that improve operational efficiency. The company’s information distribution products deliver information securely over the Internet in multiple formats, such as fax, print, email, encrypted file or HL7 message format, and integrate it easily into physicians’ practice EMRs. Interbit Data’s business continuance products give healthcare providers continuous access to patient data in the event of a network or system outage. Interbit Data products are used by more than 650 MEDITECH® customers worldwide.

With its NetDelivery Software, Interbit Data Enables Fast and Efficient Exchange of Data Between Healthcare Information Systems and Physician and Hospital Electronic Medical Records (EMRs)

Natick, MA – November 4, 2009 – Interbit Data, a leading provider of software and services for improving healthcare efficiency, supports healthcare providers who want to meet data interoperability requirements for funding offered by the American Recovery and Reinvestment Act of 2009 (ARRA). With NetDelivery and the NetDelivery Integration Module, Interbit Data’s information distribution software, data and reports generated by a Health Care Information System (HCIS), such as MEDITECH, is securely and reliably reformatted into HL7 messages and easily integrated in physicians’ EMRs.

“As part of demonstrating what the economic stimulus law defines as ‘meaningful use’ of EMRs, hospitals need to implement capabilities for exchanging key clinical data with physicians and labs,” said Arthur Young, president of Interbit Data. “NetDelivery with the Integration Module supports data interoperability by streamlining and securing the HL7 data transfer process, thus improving efficiency, eliminating risk and heightening healthcare providers’ overall abilities to provide optimal patient care.”

“Alameda Hospital’s utilization of Interbit Data’s NetDelivery Integration Module enables the Hospital to be a technology innovator in our community. We’re delivering critical discrete lab results directly from our MEDITECH HCIS to area Physicians’ EHR, including GE Centricity, via HL7, fax or email,” states Robert Lundy-Paine, Director of Information Systems, Alameda Hospital, Alameda, CA. “Interbit Data’s NetDelivery is a powerful tool improving Health Care and Sharing Information, long before it was popular.”

Supporting the need for NetDelivery’s data transfer capabilities as part of meeting ARRA funding requirements, the Health Information and Management System Society (HIMSS), in its Summary of ARRA Key Health Information Technology Provisions, explains that electronic health record technology that is certified to meet ARRA standards “has the capacity to provide clinical decision support to support physician order entry, to capture and query information relevant to healthcare quality, and to exchange electronic health information with, and integrate such information from other sources.”¹

NetDelivery is all-inclusive, addressing the range of different requirements. The software is also flexible and accommodating, allowing healthcare providers to distribute data and reports easily to multiple recipients and via multiple methods, such as fax, encrypted print stream, encrypted file or email. Integration with physicians’ EMRs becomes as easy as printing a report.

NetDelivery with the Integration Module can perform the HL7 data exchange with or without HCIS interfaces. This further establishes NetDelivery’s flexibility and makes it a more cost-effective solution than other products in the market as customers are not required to purchase a full suite of interfaces from the HCIS vendor.

To help customers with meeting the deadlines for satisfying ARRA health IT stimulus funding requirements, Interbit Data offers rapid deployment of NetDelivery with the Integration Module and fully supports each customer implementation. The company will work with healthcare customers to help ensure they are adopting the technologies that are essential for achieving meaningful use.

About ARRA Economic Stimulus for Healthcare IT

The American Recovery and Reinvestment Act of 2009, which was signed by President Obama on February 17, 2009, earmarked billions of dollars in economic stimulus funds for healthcare information technology (health IT). The health IT stimulus funding legislation was developed to improve the healthcare information infrastructure as well as stimulate the economy through new investment and job growth. Under the health IT stimulus law, healthcare providers who demonstrate “meaningful use” of electronic health records through the implementation of specific technologies will qualify for Medicare and Medicaid incentive payments.

As part of demonstrating what the economic stimulus law defines as ‘meaningful use’ of EMRs, hospitals need to implement capabilities for exchanging key clinical data with physicians and labs. NetDelivery with the Integration Module supports data interoperability by streamlining and securing the HL7 data transfer process, thus improving efficiency, eliminating risk and heightening healthcare providers’ overall abilities to provide optimal patient care.

“Alameda Hospital’s utilization of Interbit Data’s NetDelivery Integration Module enables the Hospital to be a technology innovator in our community. We’re delivering critical discrete lab results directly from our MEDITECH HCIS to area Physicians’ EHR, including GE Centricity, via HL7, fax or email,” states Robert Lundy-Paine, Director of Information Systems, Alameda Hospital, Alameda, CA. “Interbit Data’s NetDelivery is a powerful tool improving Health Care and Sharing Information, long before it was popular.”

Read the press release on NetDelivery’s support of Interoperability.

Want to know more? Download our whitepaper on interoperability and meaningful use.