Market Overview

Medsphere Systems and Stockell Healthcare Sign Merger Agreement

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Union of affordable EHR and comprehensive RCM providers yields
most complete healthcare IT system available via subscription service
payment model

Medsphere
Systems Corporation
and Stockell
Healthcare Systems
today announced an agreement to merge the two
companies, uniting under one banner the leading subscription-based
electronic health record (EHR) system and a suite of proven revenue
cycle management (RCM) tools. The transaction is expected to officially
close later this month. Upon closing, Stockell will become a division of
Medsphere and continue to use the Stockell name. Medsphere and Stockell
are well acquainted through previous implementations but will now work
together even more closely.

For Medsphere and Stockell, the future is now and that future is in the
cloud. This past summer Medsphere initiated the company's cloud strategy
starting with Southern
Inyo Hospital
and continuing that delivery model for other clients.
Stockell provides InsightCS© and related services to clients
via its RCM
Cloud
© hosted service.

"We've collaborated several times on previous implementations, so this
really seemed like a natural and very beneficial evolution of the
relationship," said Medsphere President and CEO Irv Lichtenwald. "The
integration of OpenVista clinicals and InsightCS revenue cycle has
already created a system that dramatically improves operational
efficiency and the bottom line for our clients. We're confident that
subscription-based pricing and improved billing through an integrated
RCM system will mitigate the financial impact of a large healthcare IT
purchase."

Medsphere's OpenVista EHR was initially derived from the U.S. Department
of Veterans Affairs proven VistA solution. Since its founding, Medsphere
has systematically reduced dependence on VistA by significantly
enhancing the overall solution using modern technologies, including
mobility, improved patient documentation, population health and
behavioral health modules, and many more functional and foundational
improvements.

Stockell's InsightCS system features a full menu of solution options for
managing key revenue cycle touch points, including patient engagement,
registration, scheduling, billing, collections, business analytics and
reporting. Hospitals and behavioral healthcare providers can
significantly cut IT infrastructure and support costs, close functional
gaps in processes, reduce costs to collect, maximize upfront self-pay
collections, and provide better, more effective patient service.

"Every healthcare IT company is looking to fill gaps in functionality,
and with this union both Stockell and Medsphere become whole," said
Stockell Founder and CEO Rick Stockell. "Both divisions continue to
develop and enhance the overall system, of course, but the combination
of comprehensiveness and affordability we can now offer hospitals is
exciting and unique. I see stories every day about hospitals laying
people off because of an EHR purchase. We are offering exactly the
contrary experience, and we're confident hospital leaders will see the
benefit quite clearly."

The union with Stockell is only Medsphere's most recent expansion. In
June of last year Medsphere merged with ambulatory healthcare IT
solutions provider ChartLogic.
In the spring of 2015 the company joined forces with Phoenix
Health Systems
, which according to recent surveys
conducted
by Black Book Research, is the top-rated, non-EHR centric
hospital IT outsourcing company.

About Stockell Healthcare Systems

Formed in 1986 to develop a wide range of healthcare solutions, Stockell
Healthcare Systems soon realized there was not a single, solid
end-to-end revenue cycle management (patient access and patient
accounting) solution available that could keep pace with rapid changes
in healthcare. In 1995, the company formally introduced InsightCS® as a
patient accounting and billing solution to fill that gap. The goal since
has been to expand on this platform to provide a complete revenue cycle
management solution for healthcare providers seeking robust universal
(inpatient, outpatient and physician) patient and insurance billing and
collections.

Today, Stockell Healthcare Systems is providing its RCM Cloud® solutions
and services, fully leveraging the maturity of InsightCS combined with
operational advantages of the cloud, to a wide range of clients
including hospitals, integrated delivery networks (IDNs), and behavioral
healthcare providers across the United States and abroad.

About Medsphere

Founded in 2002 and based in Carlsbad, Calif., Medsphere
Systems Corporation
is an organization of committed clinical and
technology professionals working to make quality healthcare IT solutions
accessible to organizations of virtually any size, shape or budget.
Medsphere's OpenVista®
is an acute and inpatient behavioral health-oriented portfolio of
clinical products and services. Medsphere's Government
Services Division
also applies valuable expertise to development and
implementation projects for our commercial, international, VA and IHS
customers.

Using a vendor-independent approach to helping hospitals solve critical
challenges, the Phoenix
Health Systems
division provides a host of healthcare IT services,
including systems implementation, project management, remote service
desk, end-user device management, application management and IT
leadership. Medsphere's ChartLogic
division enables better ambulatory care via physician practice EHR,
revenue cycle management (RCM) and practice management systems and
services.

Whatever your healthcare IT challenge, Medsphere has a solution.

Learn more about Medsphere at www.medsphere.com.

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