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TeamPraxis Finishes Strong First Year of National Sales
Date:7/9/2009

nology, as many CQS sales have been catalyzed by the promised physician incentives of the American Recovery and Reinvestment Act (ARRA), which offers up to $44,000 to physicians to encourage the adoption of EHR systems. Because ARRA payments are spread over five years, beginning in 2011 at the earliest, CQS appeals to many large organizations seeking extra revenue to defray the cost of their EHR implementation.

"The CQS product has been a competitive differentiator for our electronic health record," said Tullman. "By empowering participation in existing programs, CQS allows physicians using our electronic health records to provide better, higher quality care while at the same time providing additional revenue to offset costs in this time of economic uncertainty."

Mainland Sales Help Subsidize Local Adoption

Locally, 80 Hawaii physicians using a TeamPraxis-supported EHR are using CQS to participate in the PQRI program. The bulk of the cost of this system has been covered by funds from the Hawaii Medical Services Association's HI-IQ program, which subsidizes physicians' adoption of qualified health information technology products. TeamPraxis uses revenue brought in from mainland sales to help keep software maintenance and R&D costs low.

"We've been blessed by the success of our partnership with Allscripts on the mainland, because it provides long-term stability to our company and helps us provide these leading-edge software solutions to local physicians at affordable prices," said TeamPraxis President and CEO Creighton Arita. "Hawaii is our home, and serving Hawaii's physicians remains our top priority."

TeamPraxis' success has been primarily driven through recruiting local talent. In fact, 41 of the company's near-150 employees have been hired during the past year, including software developers, project managers, business analysts, operations staff and client relatio
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