ChiroTouch Announces Partnership with Waud Capital
NEWS
ChiroTouch, a leading provider of electronic healthcare records and practice management software for the chiropractic industry, today announced it has formed a long-term partnership with Waud Capital Partners, a Chicago-based investment firm. The partnership will support the company’s continued expansion in the chiropractic software market and further bolster the industry leading products and services ChiroTouch delivers to its customers.
As part of the new partnership, George Ahn has been named Chief Executive Officer of the company and will join the Board of Directors as Vice Chairman. Robert Moberg, the recent CEO of ChiroTouch, has become President and will also serve on its Board of Directors.
“We continue to maintain a deep and significant devotion to the chiropractic profession and recognize our critical responsibility as the nation’s leading chiropractic solution to select the right partner at each inflection of our company’s growth,” said Moberg. "To continue our leadership role with software and growth, we are pleased to partner with the Waud Capital team and George, who not only possess significant acumen in vertical software but share in our mission to enrich the practices of the doctors we serve. We are excited that Waud Capital is investing millions of dollars in ChiroTouch, which will further enhance our product suite and ensure we continue to deliver best-in-class
functionality and service to our clients.’
Ahn brings more than 25 years of executive experience from his roles within industryleading software companies including IBM, PeopleSoft, Siebel Systems, TIBCO and Tririga. “ChiroTouch has become the most trusted solution within its specialty focus area and has built an incredibly rich product that supports deep customer relationships,” said Ahn. “I look forward to working with Robert and the impressive team at ChiroTouch as we make significant
investments in the platform that will broaden our offerings and deliver even greater value for customers."
Founded in 1999, the company developed the ChiroTouch total practice management system that offers a deep suite of vertical-specific software applications used by more than 11,000 chiropractor clinics to help them operate then practices efficiently and with greater patient satisfaction. In an effort to provide a stabilized future for many clients over the last few years, ChiroTouch has provided a migration path for users of Future Health, EON Software Solutions, and TGI Software platforms. “This strategy is designed to strengthen the chiropractic profession by providing a highly featured platform within an extensively capable company so as to best cater to the nuances of Chiropractic practices, and mobilize data as a powerful communicator for the benefits of Chiropractic”, says Moberg. ChiroTouch is based in San Diego, California.
About Waud Capital Partners
Based in Chicago, Waud Capital Partners is a leading growth-oriented private equity firm with $1.8 billion in assets under management. Waud Capital partners with exceptional management teams to build market leading companies. For additional information on Waud Capital, visit www.waudcapital.com.
About ChiroTouch
ChiroTouch is the premier provider of chiropractic software technology solutions, including ChiroTouch Complete Practice Software and SmartCloud Chiropractic EHR Software. With industry-leading support, training and compliance expertise, ChiroTouch partners with practices of every type to help them easily automate operations, improve patient care and increase profitability. To learn more about the company, please visit www.chhotouch.com.
Pennsylvania: Delegation of Adjunctive Procedures to Unlicensed Support Personnel/Staff Is Determined to be Illegal
On July 7, 2017, in the case of State Farm Mutual Automobile Insurance Company et al. v. Robert J. Cavoto, Jr., et al., a Delaware County Common Pleas Judge rendered a decision that chiropractors may not delegate massage, manual therapy, and therapeutic exercises to unlicensed support personnel/staff. The decision disregards the plain language of the Chiropractic Practice Act, the position of the State Board of Chiropractic, as well as other state agencies and years of Pennsylvania case law. This decision affects ALL chiropractors, including those who do not bill insurance, because this is an interpretation of the Chiropractic Practice Act. Chiropractors who delegate these procedures to unlicensed individuals could face disciplinary action by the State Board of Chiropractic that could result in license suspension or revocation. For chiropractors who bill insurance, improper delegation may cause certain insurance payers to use the decision as justification for claim denials and to seek recoupment of previously paid claims - and perhaps even to bring fraud actions against other
Pennsylvania Chiropractors.
Chiropractors who prescribe therapeutic exercises are required to personally provide the one-on-one contact with the patient. Practices with a high volume of therapeutic exercises should consider hiring additional licensed chiropractors to perform these services that require direct oneon-one patient contact. Use of trained or certified individuals such as athletic trainers or exercise physiologists is also prohibited, since they are unlicensed. Chiropractors should also consider providing therapy procedures simultaneously to two or more individuals as a group therapy service. The individuals can be, but need not be performing the same activity. The chiropractor involved in group therapy services must be in constant attendance, but one-on-one patient contact is not required.
The Pennsylvania Chiropractic Association is accepting donations to mount an appeal to the judges decision. RT3
