Avaap, which is backed by New MainStream Capital, has acquired Falcon Consulting, a holistic healthcare provider consultancy. No financial terms were disclosed.
PRESS RELEASE
EDISON, N.J. and CHICAGO (October 4, 2016) – Avaap, the largest Infor systems integrator,
announced today it has acquired Falcon Consulting, LLC, a KLAS-leading Epic Systems implementation and optimization firm.
With this acquisition, Avaap has put itself in the distinctive position of servicing the largest enterprise software needs for its healthcare customers. Avaap is strategically focused on Infor and helping healthcare organizations implement and maximize value in Enterprise Resource Planning (ERP) investments. Falcon offers consulting and evaluation related to Electronic Health Record (EHR) systems, including revenue cycle optimization and clinical transformation, with offerings that netted the firm a top-rated 94.5 score in a 2016 KLAS research report.
Getting more value out of EHR investments is the top priority for healthcare organizations, according to a recent survey of CHIME members. Despite EHR systems being widely adopted with meaningful use, optimizing the system to create sustainable value remains a key challenge.
With continued provider consolidation, shifts in reimbursement orientated towards population health outcomes, and many healthcare organizations implementing ERP systems alongside EHR implementations, a single-source solution for clinical, financial and business applications will address integration and interoperability challenges.
“We are pleased to announce the completion of the Falcon acquisition,” said Dhiraj Shah, president and CEO, Avaap. “This is a momentous milestone for our organization and one that combines two young companies sharing the same vision of providing industry-focused, outcome-driven solutions for healthcare customers. The synergies in values, culture, and dedication to customer success makes it feel like a perfect match between the organizations
and will benefit customers in the form of innovation, expanded healthcare expertise, and enhanced customer experience. I am confident that our employees, customers, and the industry at large will benefit from the collective strength of Avaap and Falcon.”
Falcon CEO Brendan Downing was excited to explore the possibilities of this new partnership; “Joining forces with Avaap will allow us to focus on driving better health quality outcomes and create financial stability for our clients while maintaining a unique work experience for our consultants. I truly am excited to invite customers and candidates alike to see that we’ve found a partner that truly wants to build ground-breaking new offerings that fully leverage the combined firm’s strengths.”
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About Avaap
Avaap is one of the largest providers of IT services and technology solutions for organizations that rely on Infor and Epic enterprise software solutions for clinical, financial, supply chain and human resources management. With deep expertise in equipment rentals and sales, healthcare, public sector, manufacturing and distribution, food and beverage, retail and fashion, Avaap delivers solutions to accelerate technology installations, extend software capabilities and help customers achieve more immediate value from technology investments. Avaap’s industry
accolades include being named among Computerworld’s 100 Best Places to Work in IT 2014-2016; recipient of Infor’s Alliance Partner of the Year award 2014- 2016; Infor Partner of the Year for new business and cloud sales 2016; Infor Service Partner of the Year 2013; and sixyear honoree on the Inc. 5000, among others. For more information, visit www.avaap.com.
About Falcon
Falcon Consulting is a holistic healthcare provider consultancy that focuses on driving value in the Epic EHR space. It is dedicated to the improvement of clinical quality, financial sustainability, technology adoption and customer engagement while maintaining meaningful balance and culture for its team of healthcare experts. Falcon has successfully worked with many of the nation’s largest and most complex healthcare delivery systems in addressing their immediate business problems by implementing customized, value-based, and outcome-driven
approaches and methodologies.
