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Hospital Merger and Acquisition Activity Accelerates in Second Quarter of 2015, According to Kaufman Hall Analysis

Notable Increase in Transactions in the First Half of 2015 Compared with 2014

Skokie, IL, August 25, 2015— Strong hospital merger and acquisition activity continued in the second quarter of 2015, according to the latest analysis by Kaufman, Hall & Associates, LLC, a leading provider of strategic, capital, financial, and transaction advisory services and software tools. Kaufman Hall identified 26 hospital and health system transactions in the second quarter of 2015, up from 23 transactions recorded in the first quarter. A total of 49 transactions were announced in the first half of 2015, a noteworthy increase from the 43 transactions announced in the first half of 2014.

Mergers, acquisitions, and other forms of partnerships continue to be a critical approach to developing the capabilities needed for value-based care, reducing costs, and enhancing competitive positioning. The hospital transactions announced in the first half of 2015 reflect this variety of form, structure, and strategic purpose. Other insights of note from transactions in the first half of 2015 include:

  • The transactions occurred across a broad range of acute-care segments, including not-for-profit, for-profit, rural, urban, and academic health centers
  • Of the 49 transactions in the first half of 2015, 42 involved the acquisition of a not-for-profit organization – 34 by other not-for-profit organizations, and eight by for-profit organizations
  • The total operating revenue of organizations acquired in the first half of 2015 was more than $12.0 billion, up from $10.0 billion in first half 2014
  • The largest deal announced in the second quarter of 2015 was Ventas’ acquisition of Ardent Medical Services from Welsh, Carson, Anderson & Stowe for $1.8 billion

“We are not surprised by this increase in M&A activity, as hospitals and health systems work to achieve goals such as optimizing their delivery networks, enhancing efficiency, and solidifying market position,” said Kit Kamholz, Managing Director at Kaufman Hall. “Over time, we expect that fewer transactions will involve acquisition of financially struggling entities and more will involve strategic alignments between successful organizations with complementary strengths.”

About Kaufman Hall

Kaufman Hall provides management consulting services and enterprise performance management software that help organizations realize sustained success amid changing market conditions. Since 1985, we have been a trusted advisor to hospitals and health systems, helping them incorporate proven methods into their strategic planning and financial management processes and quantify the financial impact of their plans to consistently achieve their goals. Kaufman Hall helps clients identify and execute strategic initiatives that drive market and financial performance; provides financial advisory services to clients seeking capital; prepares and implements integrated strategic, financial, and capital plans; designs comprehensive capital allocation processes; and assists in the evaluation, structuring, and negotiation of partnership and divestiture opportunities. Additionally, we provide sophisticated, integrated, and intuitive software solutions for long-range planning, budgeting, forecasting, reporting, capital planning, profitability, and cost management on a single platform.

August 25, 2015 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

HealthSpot disrupts the lab industry with plans to bring 7 minute blood tests to retail pharmacy clinics

HealthSpot demonstrates the telehealth industry’s first integrated lab test with Samsung Electronics’ rapid lab testing device at NACDS Expo in Denver
DENVER – August 24, 201510:00 am MDT – NACDS -The Total Store Expo – Booth #419 – HealthSpot®, a pioneer in patient-centric and provider-driven healthcare technology, will unveil new point-of-care lab technology from Samsung that analyzes your blood while you wait with a drop of blood from a finger stick. Pending FDA approval, consumers will be able to obtain fast, easy and accurate blood tests for cholesterol, diabetes and liver tests, as well as other lab tests simultaneously, and get results in as little as 7 minutes.
HealthSpot has already transformed the retail clinic by adding a virtual healthcare provider visit and in the future will be able to automate and integrate lab visits. The HealthSpot technology will connect lab results not only with the doctor’s electronic medical record but with the consumer’s personal health record and with the consumer’s insurance benefit plan and billing.
Through HealthSpot’s telehealth platform and integrated biomedical equipment, medical providers can virtually examine a patient using equipment similar to that found in their doctor’s office. With the addition of point-of-care technology, clinicians will be able to get on-demand results to make decisions right at the point of care, providing health systems with efficiency and cost reduction while improving health outcomes.
At NACDS Expo, taking place August 22-25 in Denver, CO, HealthSpot will showcase Samsung’s latest medical innovation, the Samsung LABGEO PT10, a smart, compact clinical chemistry analyzer, which HealthSpot plans to deploy into its stations. Attendees can experience HealthSpot’s innovative, private kiosk that virtually connects patients to providers from local and national health systems. With the addition of Samsung’s blood analyzer, consumers will be able to get affordable and on-demand lab results in addition to access to healthcare providers, inside HealthSpot stations at convenient retail pharmacy locations. The Samsung LABGEO PT10 saves time for clinicians, improving efficiency and accuracy through automated and rapid testing in seven minutes. It also reduces wait times for consumers while requiring less blood from the patient for the analysis.
“Adding labs to HealthSpot significantly enhances our mission to transform healthcare for consumers and providers. We are transforming retail clinics into a true extension of the local medical community and widening the scope of services that can be offered via telehealth. The addition of blood analysis via Samsung’s smart point-of-care technology will allow providers to go one step further for virtual exams inside the HealthSpot station and serve patients better than ever before,” said HealthSpot CEO Steve Cashman. “We are helping consumerize healthcare-no more needles, no more wait and all at a lower cost. People like that.”
HealthSpot is already bringing the doctor’s office to consumers in retail pharmacies across Ohio. The HealthSpot station is a fully-enclosed, 40-square-foot kiosk enabled with proprietary cloud-based telemedicine software that allows patients to be seen and treated for a series of illnesses and conditions.
About HealthSpot

HealthSpot® is healthcare, reimagined. A pioneer in connected care, HealthSpot has built a comprehensive healthcare delivery platform that combines cloud-based software with the award-winning HealthSpot station, digital medical devices and mobile applications. HealthSpot’s platform radically transforms today’s healthcare system by enabling the delivery of quality, affordable medical care through a diverse professional care network for patients in efficient, convenient locations like pharmacies, hospitals, clinics, employer and community sites, universities and the home. For more information on HealthSpot, go to www.healthspot.net.About the Samsung LABGEO PT10

The Samsung LABGEO PT10 is not FDA cleared and is not yet sold in the USA. The product is CE/IVD registered for international use and is currently sold outside the USA.
August 24, 2015 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

Harris Williams & Co. Advises RSA Medical on its Pending Sale to Xerox

Richmond, Virginia, August 24, 2015 – Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the pending sale of RSA Medical (RSA), a leading outsourced provider of technology-based, health risk management services to payors, to Xerox (NYSE: XRX). Harris Williams & Co. is serving as the exclusive advisor to RSA, a portfolio company of Beecken Petty O’Keefe & Company (BPOC). The transaction, which is subject to customary closing conditions, is being led byCheairs Porter, Whit Knier and Tyler Bradshaw of Harris Williams & Co.’s Healthcare & Life Sciences (HCLS) Group and Sam Hendler of the firm’s Technology, Media & Telecom (TMT) Group.

“Management and BPOC have done a tremendous job navigating the transition from an underwriting environment to a guaranteed-issue environment under the Affordable Care Act (ACA), positioning RSA to continue to play a critical role in the post-healthcare reform operating environment,” said Cheairs Porter, a managing director at Harris Williams & Co. “The combination of RSA with Xerox will further the company’s mission of enhancing payors’ ability to deliver superior care to their members and improving members’ interactions with their plans.”

Sam Hendler, a managing director at Harris Williams & Co., added, “RSA’s ability to combine proprietary rules-driven software tools with sophisticated data analysis has been instrumental in helping health insurance carriers adapt to the post-ACA world.”

“It has been a pleasure working with Rocco Salviola (CEO) and his team at RSA, who have played an important role in helping insurance payors address critical care management and member engagement issues throughout the company’s history,” said Whit Knier, a director at Harris Williams & Co.

RSA is a leading provider of health assessment and risk management services for members interacting with health and life insurance companies. RSA serves several of the nation’s top health plans with its proprietary MedGine® analytics platform and unique consumer engagement capabilities. The platform enables delivery of individual member assessments drawn from health and consumer history in combination with care utilization. Additionally, one-on-one patient outreach and education by a medical professional enhances the payor’s ability to assist its members in maintaining wellness and managing medical conditions before they escalate and lead to increasing medical costs. RSA is headquartered in Naperville, Illinois.

BPOC is a Chicago-based private equity management firm that was founded in 1996 to invest in middle market buy-out transactions, recapitalizations and growth platforms in the healthcare industry. The firm evaluates, structures and manages investments on behalf of institutional and individual investors.

Xerox is a global business services, technology and document management company helping organizations transform the way they manage their business processes and information. Headquartered in Norwalk, Connecticut, Xerox has more than 140,000 employees and does business in more than 180 countries, providing business services, printing equipment and software for commercial and government organizations.

Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide.  The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams & Co.’s HCLS Group has experience across a broad range of sectors, including healthcare IT; managed care and cost containment services; alternate site care; medical devices, products and distribution; outsourced clinical and practice management services; and outsourced pharma services. For more information on the HCLS Group and other recent transactions, visit the HCLS Group’s section of the Harris Williams & Co. website.

Harris Williams & Co.’s TMT Group has experience across a broad range of sectors, including software, internet and digital media and infrastructure solutions. Within these segments, the TMT Group focuses on targeted subsectors including application software, data and informatics, eCommerce, education technology, energy technology, financial technology, infrastructure software, IT and tech-enabled services, mobile, online advertising and marketing services, public sector software and telecom, data center and networking solutions. For more information on the firm’s TMT Group and other recent transactions, visit the TMT Group’s section of the Harris Williams & Co. website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorized and regulated by the Financial Conduct Authority.  Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.

I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

ZocDoc Raises $130 Million in New Funding Round

Leading Digital Health Platform Will Focus Funds on Accelerating Growth, Expanding Product

NEW YORK, August 20, 2015 ZocDoc, the tech company at the beginning of a better healthcare experience, today announced $130 million of funding and a current valuation of $1.8 billion, making it one of New York City’s most valuable private tech companies. The round was led by Baillie Gifford and Atomico, and included participation from existing investor Founders Fund. ZocDoc was among the first to break open the digital health sector, which has attracted $2.1 billion in private funding so far this year.

This new round of funding will support ZocDoc’s continued growth and innovation. The company will more heavily invest in developing products that sit on top of ZocDoc’s core marketplace and extend beyond its hallmark scheduling capability. These products will remain focused on solving patient problems and facilitating even more patient interactions within the healthcare ecosystem.

“Since our inception, we’ve been working to lead the healthcare experience into the digital age, and this funding will help us continue to deliver on our mission to give power to the patient,” said ZocDoc founder and CEO Cyrus Massoumi. “The fragmented healthcare space has produced too many broken systems that get in the way of good care. We aim to be the digital center of care that delivers the simple, seamless healthcare experience patients expect and deserve.”

Today, ZocDoc is live nationwide with a footprint that covers more than 60 percent of the U.S. population. Each month, millions of patients turn to ZocDoc to find in-network neighborhood doctors, instantly book appointments online, see what other real patients have to say, get reminders for upcoming appointments and preventive check-ups, fill out paperwork online, and more. Patients can book more than 1,800 different types of procedures via ZocDoc, across more than 50 different medical specialties.

Alongside this strong, sustained patient growth, healthcare providers have continued to rapidly adopt ZocDoc’s service. ZocDoc works with independent practices throughout the country and has established new partnerships and deepened existing relationships with the country’s most forward-thinking health systems. This business is a major lever for ZocDoc’s growth; the company is on track to more than double its health system client roster again in 2015.

“We are very excited by the potential for necessary and dramatic improvement in global healthcare,” said James Anderson, Partner, Baillie Gifford. “ZocDoc is an early and inspiring example of the role digital health services can play in this potential revolution. We admire what ZocDoc has already achieved for patients and partners. We look forward still more to seeing where its motivated, talented and visionary team can take the company in the decades ahead.”

Based in New York City with offices in Arizona and India, ZocDoc has grown from three founders to more than 600 team members.

About ZocDoc
ZocDoc is the tech company at the beginning of a better healthcare experience. Each month, millions of patients use ZocDoc to find in-network neighborhood doctors, instantly book appointments online, see what other real patients have to say, get reminders for upcoming appointments and preventive check-ups, fill out their paperwork online, and more. With a mission to give power to the patient, ZocDoc’s online marketplace delivers the accessible, seamless, and simple experience patients expect and deserve. ZocDoc is free for patients and available across the United States via ZocDoc.com or the ZocDoc app for iPhone and Android.

August 20, 2015 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

WebPT, EMR for Rehab Therapists, Makes Second Acquisition

WebPT, the leading web-based electronic medical record (EMR) solution for rehab therapists, today announced its acquisition of Therabill, a web-based practice management software for physical and occupational therapists, speech-language pathologists and behavioral health specialists.

“At WebPT, our overall goal is to create the most innovative, comprehensive rehab therapy solution on the market, and this acquisition is a huge step toward fulfilling that vision,” said WebPT CEO Paul Winandy. “Therabill and WebPT serve similar audiences, have similar company histories, and uphold similar commitments to providing exceptional customer service. So, it made a lot of sense for us to combine our companies and present our customers with a true end-to-end business solution.”

Joe Dundas, the president and co-founder of Therabill, said the decision to bring the two companies together was not a hasty one. “It’s never an easy decision for a founder to hand a business over to someone else,” Dundas said. “We spent a lot of time getting to know the culture at WebPT and seeing how they value their customers the same way we do. We’re confident that WebPT will take care of our customers with the same level of customer service that they’ve become accustomed to.”

Currently, WebPT’s integration with Therabill is similar to those WebPT offers with its other billing partners. In each of those set-ups, data flows from WebPT into the billing software. However, once WebPT creates a bidirectional integration with Therabill, rehab therapy practices of all sizes will have a single solution to their documentation, scheduling, reporting and billing needs.

“Bringing Therabill under the WebPT umbrella is another step toward our company’s goal of delivering an all-encompassing software platform to help therapists achieve greatness in practice,” said WebPT co-founder and COO Dr. Heidi Jannenga, PT, DPT, ATC/L. “It’s an exciting time for us, and we can’t wait to introduce this solution to the therapy community. Our customers have been asking for a solution like this, and in true WebPT fashion, we’re answering with an innovative product that will change the game for our current and future membership base.”

About WebPT, Inc.
With more than 49,000 members and 7,800 clinics, WebPT is the leading EMR for physical therapists (PTs), occupational therapists (OTs) and speech-language pathologists (SLPs). Offering a simple, affordable solution, WebPT makes it easy for therapists to transition from paper and outdated software to a user-friendly, cloud-based system. With WebPT, therapists, directors and front office staff all have access to their patients’ medical records anywhere, anytime. Based in downtown Phoenix, WebPT has a 99.9 percent uptime rate as well as a 99.5 percent customer retention rate. Learn more at WebPT.com.

August 18, 2015 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

El Camino Hospital Boosts Patient Satisfaction, HCAHPS Percentile Rank

SAN JOSE, Calif., – August 13, 2015 – Vocera (NYSE:VCRA), the leading mobile healthcare communications company, announced today that El Camino Hospital has successfully implemented the Vocera Care Rounds solution, a technology designed to measure and manage patient experience in real time during the nurse rounding process, resulting in improved patient satisfaction scores.

El Camino Hospital, a long-time customer who has been using Vocera’s wireless hands-free voice and data communication solutions at its facilities in Mountain View and Los Gatos, California, turned to Vocera again for their customizable mobile application that simplifies and manages care rounding.

Within one year of implementation, El Camino Hospital was able to increase the percentage of patients experiencing nurse leader rounding during their hospital stay from 15 percent to over 50 percent. As a result, HCAHPS (Hospital Consumer Assessment of Healthcare Providers and Systems) scores increased for nurse communication and staff responsiveness by approximately 25 percentage points.

“Vocera Care Rounds has been a very powerful tool, helping us hold our staff accountable for consistently rounding,” said RJ Salus, director of patient experience at El Camino Hospital. “We’ve seen quantifiable improvements in every dimension of patient experience – expediting responses to patient requests and making prompt service recovery interventions, dramatically reducing patient complaints.”

Since its implementation, El Camino Hospital has used Vocera Care Rounds for nearly 14,000 nurse rounds on more than 9,500 patients across 20 departments, generating nearly 83,000 patient inputs and proactively identifying more than 700 improvement opportunities.

In addition, El Camino Hospital uses the solution to conduct rounds with hospital staff. In just over nine months, more than 900 staff rounds were completed across 80 service areas, generating nearly 14,000 data points. This staff rounding exercise resulted in discussions with staff about improvements in processes, communication and patient care. El Camino Hospital plans to use Vocera Care Rounds to optimize matches between patients and staff to enhance patient care, and has set a goal of reaching more than 75 percent of all patients by performing at least one rounding assessment per hospital stay.

By adopting the Vocera solution, El Camino Hospital joined numerous healthcare organizations that currently rely on Vocera Care Rounds to bring consistency and accountability to the rounding process and improve patient satisfaction. In the first half of 2015, Vocera Care Rounds was used to conduct nearly 61,500 rounds on more than 33,500 patients across the country, generating more than half a million data points and more than 1,800 opportunities for improvement.

“We are proud to see the positive impact our communication solutions continue to have for our Silicon Valley neighbor and partner. It’s impressive to see how El Camino Hospital effectively uses technology to accelerate improvements in patient experience, staff collaboration and care coordination,” said Brent Lang, president and CEO of Vocera.

Join El Camino Hospital leaders for a complimentary webinar on Tuesday, Sept. 1, 2015, at11 a.m. PT / 1 p.m. CT to learn more about this mobile rounding strategy.

About El Camino Hospital

El Camino Hospital is an acute-care, 443-bed, nonprofit and locally governed organization with campuses in Mountain View and Los Gatos, Calif. Key medical specialties include cancer, heart and vascular, men’s health, mental health, neuroscience, orthopedic and spine, senior health, urology, and the first Women’s Hospital in Northern California. The hospital is recognized as a national leader in the use of health information technology and wireless communications, and has been awarded the Gold Seal of Approval from The Joint Commission as a Primary Stroke Center as well as three consecutive ANCC Magnet Recognitions for Nursing Care.  To learn more visit www.elcaminohospital.org.

About Vocera

Vocera Communications, Inc. is a mobile healthcare communications company that provides enterprise-class solutions. Widely recognized for developing smarter ways to communicate, Vocera helps care teams collaborate more efficiently by delivering the right information, to the right person, on the right device, at the right time, anywhere. Vocera solutions are installed in more than 1,200 organizations worldwide, improving quality, efficiency, safety and outcomes. Via the company’s research collaborative, the Experience Innovation Network, Vocera also drives thought leadership for the healthcare industry and new standards in care delivery to elevate patient, family, nurse and physician experiences. Vocera is headquartered in San Jose, California, with offices in San Francisco, Tennessee, Canada, India, United Arab Emirates, and the United Kingdom. For more information, visit www.vocera.com and @VoceraComm on Twitter.

August 13, 2015 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

Premier, Inc. acquires healthcare analytics leader Healthcare Insights, LLC

Enhancing enterprise resource planning solution with new budgeting capabilities

CHARLOTTE, N.C. (Aug. 12, 2015) — Premier, Inc. (NASDAQ: PINC), a leading healthcare improvement company, today announced that it has acquired Healthcare Insights, LLC for $65 million in cash. Healthcare Insights is a privately-held,integrated financial management software developer that provides hospitals and healthcare systems with budgeting, forecasting, labor productivity and cost analytic capabilities.

“As the healthcare industry becomes more complex, value-driven, and data-dependent, the need for health systems to clearly understand their performance in every arena is a top concern,” said Keith J. Figlioli, Premier’s senior vice president of health informatics. “It is not enough to have financial, operational and clinical data. Health systems must understand how to translate that information into effective cost containment strategies, as well as superior clinical outcomes.”

The industry’s increased focus on cost is largely driven by the Affordable Care Act, which reduces overall reimbursement, and increasingly holds providers accountable for the total costs and quality of the care delivered. Coupled with the growing movement to value-based payments such as bundling or shared savings, healthcare providers need solutions that can help them understand cost drivers and opportunities for improvement in detail. Healthcare Insights is expected to enable Premier to offer a more complete solution that delivers additional value by adding budgeting, clinical financial management and productivity analytics to existing cost and quality applications, including the company’s enterprise resource planning (ERP) solution.

Thomas Johnston, Healthcare Insights’ chief executive officer, said, “This strategic combination will allow us to offer a more complete ERP solution with an end-to-end view of cost management. We expect this to increase our hospitals’ and health systems’ understanding of their clinical, operational and financial performance, and help them deliver more efficient, higher quality care.”

Founded in 2000, Healthcare Insights’ current customer base includes over 7,500 users across 200 facilities associated with 94 health systems, 49 of which do not currently have a relationship with Premier. KLAS, a leading research firm that provides ratings for more than 900 healthcare products and services, has ranked Healthcare Insights first place in budgeting for the past four years.

The Healthcare Insights acquisition, which was effective July 31, is currently projected to be modestly accretive to Premier’s fiscal 2016 revenue growth and adjusted EBITDA. Expected revenue and adjusted EBITDA contributions from the acquisition will be incorporated into Premier’s fiscal year 2016 guidance, which is scheduled to be announced on August 24, when the company reports fiscal fourth-quarter and full-year 2015 financial results.

About Premier, Inc.

Premier Inc. (NASDAQ: PINC) is a leading healthcare improvement company, uniting an alliance of approximately 3,400 U.S. hospitals and 110,000 other providers to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, and advisory and other services, Premier enables better care and outcomes at a lower cost. Premier, a Malcolm Baldrige National Quality Award recipient, plays a critical role in the rapidly evolving healthcare industry, collaborating with members to co-develop long-term innovations that reinvent and improve the way care is delivered to patients nationwide. Headquartered in Charlotte, N.C., Premier is passionate about transforming American healthcare. Please visit Premier’s news and investor sites on premierinc.com for more information about the company.

August 12, 2015 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

U.S. Coast Guard Uses InterSystems HealthShare as Interoperability Platform for Integrated Health Information System (IHiS)

Platform Unifies Electronic Health Data Across Disparate Systems for the First Time

CAMBRIDGE, Mass., August 11, 2015 — InterSystems, the global leader in software for connected care, today announced that the U.S. Coast Guard is using the InterSystems HealthShare® health informatics platform to enable strategic interoperability for its Integrated Health Information System (IHiS). For the first time, HealthShare makes it possible to view a comprehensive electronic health record across the Coast Guard’s disparate systems.

As the Coast Guard transitions from legacy systems to a commercial electronic health record (EHR) solution, HealthShare provides standards-based interoperability to unify health information from civilian and Coast Guard care providers.

Clinicians can now view longitudinal health records for Coast Guard and U.S. Department of State beneficiaries. The IHiS encompasses ambulatory care, urgent care, dental, physical therapy, optometry, behavioral health, occupational health, immunizations, audiology, radiology, pharmacy, and laboratory records.

“InterSystems is proud to support the U.S. Coast Guard and State Department. Building on our experience with the Department of Veterans Affairs, the Department of Defense, public and private health systems, and health information exchanges around the world, we are providing the Coast Guard the interoperability foundation to help deliver better, more connected care,” said Paul Grabscheid, Vice President, Strategic Planning, for InterSystems.

For more information about the InterSystems HealthShare family of interoperable healthcare solutions, please visit www.intersystems.com/healthshare.

About InterSystems
InterSystems develops advanced software technologies that enable breakthroughs. With a passion for excellence and a focus on client success, InterSystems provides data management, strategic interoperability, and analytics platforms used in healthcare, financial services, government, and dozens of other industries. InterSystems also offers unified healthcare applications, based on its core technologies, that deliver on the promise of connected healthcare. Founded in 1978, InterSystems is a privately held company headquartered in Cambridge, Massachusetts (USA), with offices worldwide. Its products are used daily by millions of people in more than 100 countries. Visit InterSystems.com.

August 11, 2015 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

Kareo and AAPP Partner to Launch Annual Survey

Survey Measures Perceptions and Benefits of Various Practice Models

Irvine, CA – June 10, 2015 – Kareo, the leading provider of cloud-based solutions for independent medical practices, today announced it has released a survey, in partnership with the American Academy of Private Physicians (AAPP). This survey seeks to gain a better understanding of independent physicians’ perceptions around various payment models, including private pay, concierge and traditional fee-for-service. The results of the survey will be released at the AAPP 2015 Fall Summit, taking place September 25-26 in Washington D.C.

Industry Research has shown that many independent physicians are moving toward concierge and direct-pay models to off-set the burden of slow reimbursements from traditional plans like Medicare and third-party payers. This year, Kareo partnered with AAPP to investigate this trend more broadly, seeking to understand the challenges and benefits of each payment structure. Furthermore, this survey seeks to determine if a hybrid practice model, which takes into account various payment models, could solve issues of contention that physicians have with their current practice model.

“Kareo’s mission to help ease the administrative burdens of running a practice aligned perfectly with the goal of this survey,” said Tom Blue, Chief Strategy Officer of AAPP. “The information we will gain from this survey is invaluable to furthering our understanding around what physicians are using which payment models, and why.”

“We are very excited to partner with the AAPP for this survey as we work together to understand the needs of independent physicians across the country,” said Rob Pickell, Chief Strategy Officer of Kareo. “It is our hope that the insights gleaned from this survey will allow Kareo to expand our offerings to better support all practice models.”

Healthcare providers and those who manage their practices can access the survey through the following link for a chance to win an Apple Watch, an iPad, or a one year AAPP membership: Private Practice Model Perspective 2015.

About Kareo
Kareo is the only cloud-based medical office software and services platform purpose-built for small practices. At Kareo, we believe that, with the right tools and support, small practices can do big things. We offer an integrated solution of products and services designed to help physicians get paid faster, find new patients, run their business smarter, and provide better care. Our practice management software, medical billing solution, practice marketing tools and free, award-winning fully certified EHR help more than 30,000 medical providers more efficiently manage the business and clinical sides of their practice. Kareo has received extensive industry recognition, including the Deloitte Technology Fast 500, Inc. 500/5000, Red Herring Top 100 Company, and Black Book #1 Integrated EHR, Practice Management and Billing Vendor. Headquartered in Irvine, California, the Kareo mission is to help providers spend their time focused on patients, not paperwork. For more information, visit www.kareo.com.

About American Academy of Private Physicians
The American Academy of Private Physicians (AAPP) is a nonprofit organization founded in 2003 for the purpose of supporting and fueling the growth of medical practices that provide “concierge” and other forms of personalized, value-based medical care. AAPP members are united by their common efforts and dedication to making medical care more accessible and convenient to patients by redefining and re-pricing medical services in ways that are not possible for medical practices that rely solely on insurance payers for their revenue.

I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

AdvancedMD to be Acquired by Marlin Equity Partners from ADP

Largest cloud EHR and practice management ecosystem dedicated to independent physicians

South Jordan, UT – August 6, 2015 – AdvancedMD®, a division of ADP® (NASDAQ: ADP) and the pioneer in cloud technology for physician practices, today announced that it has entered into a definitive agreement to be acquired by global investment firm Marlin Equity Partners. AdvancedMD is one of the most comprehensive technology ecosystems designed for private practices and serves an expansive national footprint of more than 17,500 practitioners and 500 medical billing companies. AdvancedMD includes fully-integrated electronic health records, practice management, patient relationship management, as well asbig data reporting and business intelligence tools designed to automate and optimize workflow in all areas of the practice.AdvancedMD solutions are proven to accelerate revenue capture, streamline workflow and productivity, and facilitate improved patient health and satisfaction.

Raul Villar, ADP AdvancedMD president, will continue as CEO of the independent company following a 26-year career with ADP as a corporate vice president. “We are thrilled to take the next step in our extraordinary journey of providing medical practices the freedom to remain independent,” commented Raul Villar. “AdvancedMD was the pioneer in cloud solutions for medical practices and today we are the largest provider of clinical and financial solutions to small, independent medical practices. Marlin Equity Partners is a perfect fit for AdvancedMD as Marlin is committed to our vision of enabling medical practices to increase cash flow, reduce administrative burden and improve patient care. Under Marlin ownership we are well positioned to accelerate product investment and will continue to deliver best-in-class implementation and service to our loyal clients and partners.”

“AdvancedMD cloud-based technology along with its unmatched sales, marketing and implementation model provides a scalable platform to execute several growth initiatives already underway,” said Michael Anderson, a principal at Marlin. “We believe that AdvancedMD is poised to continue its impressive growth and we look forward to providing financial and operational support to help expand and enhance the company’s product solutions to meet the evolving needs of the rapidly changing healthcare IT market.”

Closing of the transaction is expected in the third or fourth quarter of calendar 2015 and is subject to customary closing conditions, including the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.

About Marlin Equity Partners

Marlin Equity Partners is a global investment firm with over $3 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthens a company’s outlook and enhances value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 90 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.

About AdvancedMD

AdvancedMD is a leading provider of cloud-based PM, EHR and RCM solutions focused on the independent physician practice market. The company’s comprehensive portfolio allows physicians to drive additional revenue and reduce administrative burden by automating medical practice processes, optimizing patient schedules and encounters, streamlining insurance claim creation, managing prescription and order processes, and tracking and analyzing financial performance. AdvancedMD is widely recognized as a leader in its industry, and has earned the #1 ranking from KLAS, the leading independent industry analyst, in a number of categories including product quality, functionality and integration. For more information, please visit www.advancedmd.com.

August 6, 2015 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.