Extormity acquires Practice Management software vendor

Rapidly expanding healthcare IT vendor Extormity has announced the acquisition of MaxRev, a leading practice and revenue cycle management company.

“We recognize that most of our competitors have expanded their electronic health record product lines to integrate practice management systems,” said Extormity CEO Brantley Whittington. “We are copying a page from the competitive playbook, effectively adding concertina wire to keep customers inside our walled garden.”

In acquiring MaxRev, Extormity adds yet another incompatible IT architecture to its mixed breed software platform. According to CTO Oliver Brindle, “In MaxRev, we found a company that has been acquired, merged, divested and broken up so many times that their software actually has no decipherable code, guaranteeing significant professional fees for the virtually impossible task of integrating with the Extormity EHR system.”

With the MaxRev acquisition, Extormity is adding a new twist to the emerging practice of gainsharing practiced by some revenue cycle management firms. Dubbed the Extormity Revenue Deduction program, this built-in software module will automatically deduct a percentage of practice revenues and wire transfer them to a bank in the Cayman Islands.

“This is one less check that the practice manager will have to write, and the complete lack of visibility will minimize physician complaints about costs as they will have no idea what we are actually deducting,” added Whittington. “The percentage of revenues we deduct will vary, based on the number of physicians, collected revenue volumes and our cash requirements to pay generous shareholder dividends.”

About Extormity

Extormity is an electronic health records mega-corporation dedicated to offering highly proprietary, difficult to customize and prohibitively expensive healthcare IT solutions. Our flagship product, the Extormity EMR Software Suite, was recently voted “Most Complex” by readers of a leading healthcare industry publication.