Thursday, July 7, 2011

Beacon Partners Acquires Healthcare Innovative Solutions

Healthcare management consulting firm Beacon Partners today announced that they have acquired Healthcare Innovative Solutions, a Seville, Ohio-based consulting firm which provides customized products and services for clinical system implementations and workflow transformation to hospitals. Healthcare Innovative Solutions has deep Siemens experience, which will also expand Beacon Partners' current vendor expertise.

"Healthcare Innovative Solutions is a terrific complement to our service offering and will broaden our overall scope by providing clients an increased CPOE/EHR capability," said Ralph P. Fargnoli, Jr., president and CEO of Beacon Partners. "Healthcare organizations are turning to us now more than ever to assist them with Meaningful Use requirements and overall IT adoption, and consequently, CPOE and EHR implementation are both crucial to their success. In addition, the timing was right to add Siemens implementation and optimization expertise and to expand our overall clinical advancement capabilities."

"Healthcare Innovative Solutions has provided clinical transformation expertise and CPOE/EHR consulting services successfully for over 10 years," said Daniela Mahoney, RN, president and CEO of Healthcare Innovative Solutions. "In evaluating the alignment with another consulting firm, it was critical to carefully weigh synergy in business models and cultural fit. Healthcare Innovative Solutions and Beacon Partners have a shared commitment to excellence in quality and closely paralleled core values."

"Our relationship with Beacon Partners positions each of us for continued growth," explained Lorn Mahoney, MS ChE, COO of Healthcare Innovative Solutions. "This will take Healthcare Innovative Solutions to a new level by allowing excellent growth opportunities for our internal staff, additional efficiencies and economies of scale."

This acquisition will increase both Beacon Partners' revenue and employee base by 15%. As both companies are privately held, specific terms of the transaction are not being disclosed.

"The acquisition of Healthcare Innovative Solutions is part of Beacon Partners' growth strategy over the next few years," continued Fargnoli. "We will continue to evaluate how we can enhance our service offering to our clients and the industry by taking advantage of opportunities that present themselves as a result of ARRA and healthcare reform."

About Healthcare Innovative Solutions

Founded in 2001, Healthcare Innovative Solutions is a consulting firm that specializes in providing total clinical systems implementation solutions, process optimization, and redesign consulting services to organizations ranging from large integrated delivery systems to small community hospitals. For more information, please visit

About Beacon Partners

As one of the largest healthcare management consulting firms, Beacon Partners is chosen by organizations in the healthcare community to provide advisory services to improve overall operational, clinical and financial performance with the adoption of information technology. With their strategic approach and depth of experience, Beacon Partners is uniquely qualified to help organizations navigate the challenges in healthcare and optimize their potential to deliver the highest possible level of patient care. For more information, please visit

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