By: Steven M. Roge, CMFC
Mediware Information Systems (MEDW)
- Share Price: $11.75
- Intrinsic Value: $15.50
- Buy Below: $12
Business Description & Background:
Mediware designs, develops and markets software solutions targeting specific processes within healthcare institutions. Software products are sold to hospitals, long-term care and behavioral health facilities, and stand-alone blood and plasma donation centers and alternate care settings.
The company was founded in 1970 and is headquartered in Lenexa, Kansas.
Source: Yahoo! Finance, company filings
Traditional healthcare environments leverage disparate information systems and manual processes throughout the care process. This results in reduced efficiency as well as increased safety risks due to the potential for human error and delayed access to patient information and records. Errors and risks associated with medications, blood, or biologics can often result in tragic consequences. In 2008, medical errors cost almost $20B according to a 2010 study by Milliman.