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More than 50% of doctors in the US are used in the hippocrates -- and health care technology provider -- health just sent shares soaring.
As it is buying up properties for 293.
Million dollars in cash not accept eleventh avenue by the -- -- -- 22% premium.
From Friday's close joining me an out of Fox Business exclusive from San Francisco -- of them but the chair of the CEO president at -- health.
Just sit half Jonathan what does that multi million dollar purchase did you why was a property is so attractive to you the app is free.
Well thank you Sheryl thanks for asking.
In -- -- is and always has been since the birth of the App Store.
The master of mobile.
In the world of doctors these are guys who.
We're right out front this company was started in 98 by -- -- guys who saw this Internet thing it's something that was going to be big.
And they've just been focused on being really good.
Information fiduciary is for doctors it's not just the coolness of the mobile app.
But -- curatorial.
Efforts they make they read all of the drug related literature and make sure that doctors have exactly what they need.
In a tight.
Format that they've come to trust they trust it more than any other brand and health care doctors are tough group to satisfy.
Athena health is of course the back office service to doctors and as a back office service we -- debt billing medical records.
Patient communication stuff the doctors.
Don't -- to do don't do well but need to do in order to do the stuff they love.
And what we hope happens as a result of this application of this acquisition.
Is that -- we become half as good as hippocrates is at mobile app development Greg -- That 90% of doctors that know and -- Socrates start to know us and then -- -- -- -- got -- they'll start to -- Well yeah you've got you've got the servers service is going to like under a 100000 members of pocket -- has a million users about half of those.
So explain to me Powell a doctor can use the two platforms to gather you've got -- -- In your back office you've got I guess your iPod your -- on -- iPad sitting in the doctor's office that's for the hippocrates out right comes -- to use it is that Elvis is gonna right.
You got it you've got a bit about a pocket -- is the reference tool.
Got I don't know you gained some weight I think I might not you of course who looks fabulous but some patients changed I wanna look up.
Whether I should change your prescription a little bit check it -- -- it down or may be changed to a generic now that something new has come out on my -- alerts about that.
That kind of clinical guidance of Jimmy cricket in your hear about what's going on in the drug company.
Space is something the doctors especially with the plethora of choices available to them have come to really -- you'll.
You can name will do of course is taken into -- -- so that our clients see it at natively.
And then over time we wanna start at -- -- -- Internet functionality into hippocrates.
Okay just another -- I ask you this you've got competition from -- from Allscripts obviously all of these companies are going for that healthcare rights he model.
A which should benefit under the president's new healthcare law how do you distinguish yourselves.
From Allscripts and from -- her obviously gonna be going for the same type of mobile application like a -- right it's well unlike unlike -- -- since.
Are we -- -- that he Cochran d.s believe that this Internet thing is going to be big Cheryl.
I the idea of buying is rserver isn't setting them up for millions of dollars with.
Years of consulting work in 2012 is a little -- like rushing out to go to the opening a Star Wars one in 2012.
And we expect those guys to go the way an adult over before a lot.
This Internet thing is gonna work out a -- budget and a health service CEO president lathrop who cook for me thank you Jonathan.
Thank you -- --
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