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Wednesday, Dec 6, 2023

Health Care Software Firm Enters Chinese Market

Jessica Vernabe MZI HealthCare, LLC in Valencia has completed an overseas product licensing deal that opens the company to future opportunities in China, company officials said. The local office recently announced its agreement with Chinese company GM-Medicare Management Ltd., which outsources medical insurance information systems. The deal is for MZI’s health care administration software, called EZ-CAP, which automates tasks such as communicating insurance claims, processing physician referrals and processing electronic transactions. The system also stores data that allows clients to measure their costs. “This opportunity has provided us an additional opportunity to roll out our products more broadly in China,” said Joel Weinberg, vice president of business development for MZI’s Valencia office, which has about 25 employees. MZI is a larger company based in Longwood, Fla. Weinberg said MZI is looking into other Chinese businesses it can contract with in the future. The company has already launched the products in Africa, the Philippines, Singapore and Ghana. Future expansion for the product may include Europe, since the company has relationships with distributors on that continent, he said. In the U.S., EZ-CAP IS used in more than 250 health care organizations in the United States, Weinberg said. And MZI has plans to continue releasing new products. “We’ve moving into more clinically based systems and clinical analytics to help our (existing) clients and new clients meet the goals of health care reform,” Weinberg said. The company expects to have a pilot system available on Oct. 1 for a data repository that will house patient information and tools for better predictive data analysis. It’s currently working on software for improved interfacing, or to provide capabilities for connecting systems that exchange health care data. “(We’re) recognizing that health care organizations have data in many disparate systems,” he said. Local Hospital Has New CNO Providence Saint Joseph Medical Center in Burbank has a new chief nursing officer. Veteran nurse administrator Valarie Fleming has assumed the post. She has 20 years of nursing experience, with 15 year of administration experience. Fleming is the former assistant chief nursing executive at Providence Little Company of Mary Medical Center in Torrance. “Val is a seasoned nurse executive and was the clear choice of everyone who met with her,” said Barry Wolfman, the hospital’s chief executive. “She has a proven track record of achieving goals in a collaborative way and shares our strong commitment to working with physicians and nurses to provide the best care for our patients.” Fleming worked at Providence Little Company of Mary for six years, where her executive leadership included critical care, cardiology, respiratory and cardiac pulmonary rehabilitation. Before joining Providence in 2005, she has worked at several other Los Angeles are medical centers. Avita Medical Secures Funding Medical technology company Avita Medical Ltd. recently completed capital raising efforts that allow it to expand sales and marketing efforts and continue developing products. Avita Medical develops regenerative and tissue-engineered products for treating wounds, scars and skin defects. Beside sales and marketing, the funds will be used for research and development related to its product line. The company, which has a headquarters office in Northridge, recently announced it closed the placement of $9.66 million in capital at an issue price of $0.10 per share. The capital placement was managed by Wilson HTM, with shares placed with Australian and international institutions together with investors. The placement was led by Australian Ethical Investments and closed oversubscribed. Staff Reporter Jessica Vernabe can be reached at (818) 316-3123 or at jvernabe@sfvbj.com

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