CMA Holdings acquires physician software company
OTTAWA –CMA Holdings Inc., which manages the business
ventures of the Canadian Medical Association, has
purchased a majority
interest in HealthCare Software Inc., a clinical practice management
software company based in Cambridge, Ont. The company has approximately
2,000 physicians using its system in Ontario.
and principal owners of HealthCare Software Inc., Barbara Kavanagh and
her husband, Dr. James Kavanagh, MD., will remain with the company,
which will retain its current name.
According to CMA Holdings, the addition of HealthCare Software Inc. and
its suite of NetMedical clinical products represent an important
expansion of the CMAH’s core capabilities.
CMAH acquires a thriving company with proprietary software for
electronic billing, scheduling and electronic medical records (EMR).
There is significant sales growth potential in each of these areas,
particularly EMR, and CMAH intends to expand distribution of all product
lines to other provinces and territories.
Rob Hewett, president and CEO of CMA Holdings
(pictured at left), said in an interview that
the CMA has been expanding into electronic solutions to provide members
with additional benefits and guidance. He noted that in recent years,
the CMAH has developed a web portal for physicians and has also expanded
its educational and consulting offerings in the area of physician
“Helping physicians adapt to technology is probably one of the most
useful things we could do,” said Hewett.
Sandy Wilson, CMA Holdings’ chief operating officer, said “physicians
are clearly looking for help when it comes to computerized solutions.”
He said the association is willing to invest resources to give
Healthcare Software a national presence. That includes creating billing
modules for each of the provinces and territories – including Quebec,
which will require a French-language version of the software.
It also involves expanding the service and support capabilities of the
company, ensuring that physicians obtain the “change management”
services that are needed to computerize their offices.
Hewett declined to disclose how much CMA Holdings invested in Healthcare
Software to obtain the majority share. He did say there will be a payout
over time that’s tied to the company’s performance over the next few
“The CMA is focused on the needs of physicians, just as we are,” said
Barbara Kavanagh. “As such, they make an ideal partner. We look forward
to the opportunities that lie ahead.”
“There’s no question in our minds that as physicians across Canada
become aware of the capabilities and functionality of our software, they
will realize it’s the best thing to happen to their practice since the
discovery of the stethoscope,” added Dr. Kavanagh.
“With close to 70% of Canadian physicians having membership in the
Canadian Medical Association, these 57,000 physician members rely
heavily on the CMA as the collective voice of organized medicine. We
will continue to capitalize on every opportunity to help our members’
maximize their productivity and provide effective delivery of healthcare
to Canadians,” Hewett continued.
For more information, visit www.healthcaresoftware.com