What's Happening?
Savista, a healthcare revenue cycle management company, has acquired the cancer registry services division of ONCO, a provider of oncology data services and technology. This strategic acquisition aims to enhance Savista's offerings by integrating ONCO's expertise in registry technology with Savista's revenue cycle management solutions. The merger is set to establish a new benchmark for cancer registry excellence nationwide, with a focus on industry-leading expertise, accelerated innovation, and expanded quality control. The combined organization will offer comprehensive support to healthcare systems, including scalable support, consolidated abstraction protocols, and enhanced data standardization.
Why It's Important?
The acquisition is significant for the healthcare industry as it promises to improve the quality and efficiency of cancer data management. By combining resources, Savista and ONCO can offer more robust solutions to healthcare organizations, potentially leading to better patient outcomes through improved data collection and analysis. The partnership also expands Savista's geographical coverage and eligibility for state contracts, benefiting multi-site health systems. This move could set a new standard in cancer registry services, influencing how data is managed and utilized in oncology care.
