The Taxman Cometh ... Intuit buys Medfusion for $91M

Colleagues,

In a development worth watching, Intuit, the developer of Quicken, Quickbooks and Turbotax, is acquiring Health Information Technology (HIT) vendor, Medfusion...

... Intriguing move.

... Why would a large consumer focused, financial management software firm suddenly purchase a web based HIT firm specializing in secure, HIPAA-compliant, physician-patient communications? ...

... Intuit can now introduce their relatively new Quicken Health solution directly to the 30,000 small practice physician websites Medfusion currently serves ... This will allow Intuit to support appointments, reminders, prescription renewals, bills, lab result, medical histories, patient
education, and virtual office visits ...

... Interesting. Intuit has done a good job of bringing easy to use, consumer focused, highly functional tax preparation and accounting products to the mass market ... Now they are setting out to do the same in the healthcare market ... A move worth watching ...

Read on at:http://sanjose.bizjournals.com/sanjose/stories/2010/05/10/daily11.h...

http://chilmarkresearch.com/2010/05/11/intuit-makes-a-move-acquires...

ENJOY!

CC

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