Two health IT companies - one from Korea - are setting up North American HQs in Newport, creating a combined 20 new jobs in the process.
The companies - Korean-based Arcron Systems Inc. and Meaningful Use Technologies, are moving into a 5,000 sq. ft. shared space with plans to invest $1 million in office upgrades. The companies are still working to find the most compatible space.
"There is incredible opportunity in the healthcare industry and we know that Northern Kentucky - Newport, Kentucky - is strategically positioned to support the national headquarters for both companies," said Mark Morgan, chief executive officer of Meaningful Use Technologies.
Arcron Systems specializes in medical IT technology, such as hospital information systems, electronic medical records, order communication systems, and enterprise resource planning systems for hospitals of all sizes. Meaningful Use Technologies also serves the healthcare sector, specializing in enterprise IT experience and providing software specification, deployment and hosting services to hospitals.
The companies are positioning themselves to help hospitals comply with a component of the federal American Reinvestment and Recovery Act stimulus bill, the Health Information Technology for Economic and Clinical Health Act, and the Patient Protection and Affordable Care Act. This requires that patients' medical records be transferred to an electronic format by 2015.
"We know that high-tech companies like Arcron Systems and Meaningful Use Technologies will create high-paid, primary industry jobs for our residents. The presence of Northern Kentucky University's College of Informatics will help supply qualified, cutting- edge employees for these outstanding companies," said Campbell County Judge Executive and Northern Kentucky Tri-ED Chairman Steve Pendery.
Writer: Feoshia Henderson
Source: Kentucky Governor's office
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