Local Tech Wire

CARY, N.C. – Under new ownership, healthcare records firm Medfusion is taking on a new name but retains a familiar person as its top executive.

Intuit (Nasdaq: INTU) said Monday it is combining its Quicken Health Group with Cary-based Medfusion under the name

Stephen Malik, the founder of Medfusion who sold the company to Intuit in May and stayed with Intuit, will serve as president and general manager of Intuit Health.

Intuit Health plans to work with physicians to adopt electronic medical records with an emphasis on programs than enable doctors to qualify for $44,000 in federal funds.

“Providing patients with easy and secure online access to their information is no longer a ‘nice to have,’ under new federal regulations, it’s practically a requirement for physician practices today,” Malik said in a statement.

“An online patient portal improves the efficiency, privacy and security of patient-provider communications, supporting a number of the government requirements that providers must have to make meaningful use of their information technology,” he added. “And as one combined entity, Intuit Health has the unique expertise and assets to improve the healthcare landscape and help providers and their patients in a way that no other company can.”

Intuit Health’s portal already works with 32,000 providers, the company said.

In May, Inuit bought Medfusion in an all-cash deal valued at $91 million.

Medfusion works with healthcare providers, offering a variety of products designed to boost patient relationships.

Malik, a graduate of UNC-Chapel Hill, launched Medfusion in 1996. He has been involved in the medical records transactions business for more than 20 years.
Intuit Health will be based in Cary.

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