Business and the Economy
Health Tech Firm Locates in Commonwealth
FRANKFORT – Meaningful Use Technologies LLC and Korean-based Arcron Systems Inc. are each establishing its U.S. headquarters in a 5,000-square-foot facility in Newport to serve the North American markets. The information technology companies together will create 20 new jobs and invest a total of more than $1 million in Northern Kentucky, according to a press release from Gov. Steve Beshear's office.
Both companies help hospitals achieve compliance with legislative mandates within the American Reinvestment and Recovery Act, the Health Information Technology for Economic and Clinical Health Act, and the Patient Protection and Affordable Care Act.
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 has strong customer relationships in the healthcare sector, enterprise IT experience, and provides software specification, deployment and hosting services to hospitals.
“There is incredible opportunity in the healthcare industry, and we know that Northern Kentucky – Newport, Ky. – is strategically positioned to support the national headquarters for both companies,” Mark Morgan, chief executive officer of Meaningful Use Technologies, said in the release.
The Newport location will be the first U.S. office for both companies and will serve as the base of their North American operations. The Kentucky Economic Development Finance Authority preliminarily approved each company for tax incentives up to $200,000 through the Kentucky Business Investment program.