The move will result in an expansion of the SectyrHubÂ® compliance platform bringing additional functionality to clients and furthering the company’s mission of helping clients achieve Continuous Program Compliance â¢
Posted: October 27, 2021 at 11:30 a.m. EDT
SCOTTSDALE, Arizona., October 27, 2021 / PRNewswire / – SectyrÂ® announced the acquisition of LicenseTrak â¢, a suite of SaaS applications focused on regulatory compliance.
âI am very excited to integrate with existing LicenseTrak â¢ products as well as use these feature sets to continue our compliance mission,â said SectyrÂ® CEO James lawson. “The addition of the LicenseTrak â¢ toolset is a natural fit for our customers and will allow us to continue to grow in other healthcare compliance markets.”
With this acquisition, SectyrÂ® aims to bring together additional compliance elements into the SectyrHubÂ® platform, allowing customers to have a single location for managing compliance across the continuum of hospitals, clinics, pharmacies and other operations. health care. The use of LicenseTrak’s web-based single automated primary source verification as well as comprehensive license management adds powerful tools to overall compliance efforts and sets the stage for future expansion of the platform.
âI am delighted to be working with the LicenseTrak â¢ team and bringing their unique feature set to market,â said SectyrÂ® President Craig frost. “By bringing these two companies together, we will be able to offer a more comprehensive approach to compliance for our customers.”
At October 27, Tony zappa, creator of LicenseTrak â¢, will become SVP at SectyrÂ® and continue to lead the LicenseTrak â¢ product line. LicenseTrak will continue to operate within the SectyrHubÂ® platform offering extensive product functionality while continuing to maintain its excellent customer support.
âThe ability to bring our unique license management capabilities to the already feature-rich SectyrHubÂ® platform will allow us to grow and continue to innovate,â said Tony zappa, creator of LicenseTrak.
SectyrÂ® is dedicated to a compliance mission. Sectyr’s cloud-based solutions enable healthcare providers to achieve and maintain Continuous Program Compliance â¢ in the ever-changing landscape of regulatory compliance. The SectyrHubÂ® platform enables cutting-edge automated workflow tools, collaborative tasks and machine learning technologies to make complex compliance work easy and efficient.
Since 2016, the SectyrHubÂ® platform has been used by over 180 hospitals and healthcare providers monitoring over 4,000 pharmacies and associated suppliers. SectyrHub’s platform portfolio helps healthcare providers achieve and maintain Continuous Program Compliance â¢ in federally regulated HRSA. 340B drug rebate program, the HRSA Community Health Center 330 grant program and in the HHS Office of Civil Rights HIPAA and HITECH programs. To learn more, visit www.Sectyr.com and follow us on LinkedIn.
About LicenseTrak â¢
LicenseTrak â¢ is a comprehensive compliance management suite designed for any regulated business, especially healthcare and pharmacy businesses. Since 2017, more than 500 pharmacies and healthcare systems, as well as companies in other regulated markets, have used LicenseTrak â¢ to improve documentation and reduce the risk of compliance related to missed or incomplete tasks.
Manager, Public Relations
480-933-8842 / [email protected]
View original content to download multimedia:
The above press release has been provided courtesy of PRNewswire. The views, opinions and statements contained in the press release are not endorsed by Gray Media Group and do not necessarily state or reflect those of Gray Media Group, Inc.