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Arcadia Healthcare Solutions Announces $30MM New Investment

Merck Global Health Innovation partners with GE Ventures and existing investors to scale leading healthcare data and advanced analytics company

BURLINGTON, Mass.– Arcadia Healthcare Solutions (“Arcadia” or the “Company”) announced today that the Merck Global Health Innovation Fund (“Merck GHI”), GE Ventures, and existing investors Peloton EquityZaffre Investments, and Morgan Stanley Alternative Investment Partners have invested $30 million of growth capital in the Company.

With over 60 enterprise customers, Arcadia is a leading healthcare data aggregation and analytics technology company with a focus on serving ambulatory networks affiliated with large payer and provider organizations, including health plans, accountable care organizations, integrated delivery networks, and large independent physician groups, among others.

Arcadia’s technology and services enable its customers to successfully drive value-based performance management programs as American healthcare shifts to a new paradigm. Arcadia is led by chief executive officer Sean Carroll, a longtime executive with over 25 years of experience in the health IT industry.

“Having Merck GHI and GE Ventures join existing investors in this round of growth capital is the optimal outcome for us,” said Carroll. “The rigorous process expands our team of blue chip investors who actively support their companies’ growth plans.”

“Arcadia fits perfectly with our initiatives supporting the transition to value based care. Arcadia’s deep expertise in transforming isolated data into critical insights that enable providers to close gaps in care and enable better outcomes is central to our investment hypothesis around Population Health,” stated Joel Krikston, Managing Director at Merck’s Global Health Innovation Fund.

“GE Ventures is excited to back Arcadia in becoming an industry leader to help payers and providers apply advanced analytics to their business models. We’re especially proud to invest in this highly experienced Boston-based team, which is now home to GE’s headquarters,” said Noah Lewis, Managing Director of healthcare at GE Ventures.

The investment allows the company to accelerate its robust product development plans in the core Arcadia Analytics platform and expand population health management market activities across the country. While the company will continue to focus on organic growth, Arcadia has made two successful acquisitions since its founding—Concordant, an EHR support services company in 2011 and Sage Technologies, a managed care services company in 2015.

“Our transformation from a proven consulting firm to a recognized, technology-led population health analytics company is complete as noted by industry experts such as KLAS ResearchGartner, and Chilmark Research,” said Carroll. “We see a bright future for our customers, investors, and team members.”

The capital raise process was managed by Robert W. Baird and supported by counsel Goodwin Proctor.

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About Merck Global Health Innovation Fund

Merck Global Health Innovation (GHI) Fund (www.merck.com/ghi) invests in emerging companies that deliver breakthrough healthcare solutions which advance Merck’s mission to discover, develop, and provide innovative products and services that save and improve lives. Established in 2010, the GHI Fund deploys its evergreen $500 million fund to rapidly identify and develop transformative global health care opportunities. GHI is focused on identifying opportunities that are adjacent to Merck’s core business of pharmaceuticals and vaccines.

About GE Ventures

GE Ventures (www.geventures.com) is committed to identifying, scaling, and accelerating ideas that will make the world work better. Focused on the areas of software, advanced manufacturing, energy, and healthcare, GE Ventures helps entrepreneurs and start-ups succeed by providing access to GE’s technical expertise, capital, and opportunities for commercialization through GE’s global network of business, customers, and partners. GE Ventures offers an unparalleled level of resources through its Global Research Center, including: 35,000 engineers; 5,000 research scientists; 8,000 software professionals; as well as 40,000 sales, marketing, and development resources in over 100 countries.

About Peloton Equity

Peloton Equity, LLC (http://www.pelotonequity.com) is a newly-formed private equity firm that focuses exclusively on growth capital investments in the lower middle market of the healthcare industry. Peloton’s portfolio includes HealthPlanOne, a leading technology-enabled digital marketing firm specializing in Medicare and individual and family health insurance sales and distribution. Peloton leverages its extensive healthcare network, value-building diligence and investment process, and portfolio management playbook to add value to its portfolio companies. Peloton seeks companies with between $20 and $200 million of revenue and the management team, market opportunity and business model to grow revenues meaningfully over the life of its investment.

About Zaffre Investments

Zaffre Investments, LLC (http://www.zaffreinvestments.com/) is a wholly-owned subsidiary of Blue Cross Blue Shield of Massachusetts that is committed to adding value through investments in new products, services and technologies that aim to improve the way healthcare is delivered and received. Zaffre focuses on companies across the healthcare landscape, with a primary focus on ACOs, consumer solutions, health information technology, and behavioral health. The firm is stage agnostic, considering a company’s financial and market positions, capabilities, and core values, as well as their missions and visions for the future. Zaffre employs a true partnership model for its portfolio companies, providing strategic direction, business support, industry connections and more.

About Morgan Stanley Alternative Investment Partners

Morgan Stanley Alternative Investment Partners (http://www.morganstanleyaip.com), part of Morgan Stanley Investment Management, specializes in assisting institutional and high net worth investors achieve their goals through the design and management of alternative investment programs. Established in 2000, Morgan Stanley AIP currently has approximately $36.4 billion in assets under management and advisement.

About Arcadia Healthcare Solutions

Arcadia Healthcare Solutions (http://www.arcadiasolutions.com) is an EHR data aggregation and analytics technology company supporting ambulatory networks taking on risk and transitioning to value- based care. Arcadia specializes in integration of data from over 30 EHR vendors, enriching it with claims and operational data, and using that data to drive improvements in patient care quality, practice efficiency, and financial performance. Trusted by independent provider groups, health plans, and integrated delivery networks nationwide, with expertise in both fee-for-service optimization and value- based performance environments, Arcadia supports providers with the benchmark data, insights, and outsourced services to excel in the evolving landscape of American healthcare. Founded in 2002, Arcadia is headquartered outside Boston in Burlington, MA, with offices in Seattle, Pittsburgh, and outside Chicago in Rockford, IL.

January 6, 2017 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.

Vital Enters into an Agreement to Acquire Innovative Healthcare Informatics Company, Karos Health

MINNEAPOLIS, Nov. 01, 2016 (GLOBE NEWSWIRE) — Vital Images, Inc. (Vital), a Minneapolis-based enterprise medical imaging and informatics company, has entered into an agreement to acquire Karos Health (Karos), an innovative global healthcare informatics company.

The acquisition will allow Vital and Karos to offer customers and OEM partners a robust imaging and informatics solution-set. The combined technologies provide a customer-centric, modular platform that allows hospital systems to solve a broad set of enterprise imaging challenges without requiring large-scale, disruptive PACS replacement of existing systems. The combined organizations will build on Karos’ vast experience in enabling healthcare interoperability, while Vital will continue its market leadership in advanced visualization, diagnostic viewing and image-processing algorithms to support personalized medicine.

“Karos Health’s solution-set enables collaboration between healthcare providers and patient engagement, while providing secure access to complete the patient’s health record – anytime, anywhere,” says Jim Litterer, president and CEO of Vital Images. “Karos’ technology allows Vital to provide one modular solution, giving CIOs globally the ability to adapt and grow their service delivery without disrupting existing investments.”

The non-disruptive approach championed by both Vital and Karos enables hospital systems to optimize diagnostic imaging workflows and deliver enterprise-wide imaging information to the EMR, helping to improve both patient and business outcomes.

Rick Stroobosscher, CEO of Karos Health, adds “From a marketplace perspective, this transaction will deliver a comprehensive solution to help hospital systems confidently navigate the global move towards personalized medicine, population health and the requirements of value-based care.”

Statement from Jim Litterer, president and CEO of Vital
https://youtu.be/HFH2VTZ1Sag

Statement from Paul Markham, VP Marketing at Vital
https://youtu.be/X4Jd9usoU-8

About Karos Health
Karos Health is focused on elevating the quality of patient care by enabling the sharing and storing of clinical information. Karos’ Rialto platform empowers healthcare enterprises to enable cross-community access to information, facilitating collaboration between healthcare providers and patients. Karos’ EasyViz is a breakthrough product for image display, delivering diagnostic quality imaging information when and where needed. Rialto and EasyViz are based on open standards that ensure safe and secure handling of patient health information and is backed by a team with decades of experience in healthcare interoperability. For more information about Karos, visit www.karoshealth.com.

About Vital Images, Inc.
Vital Images, Inc., a Toshiba Medical Systems Group company, is a leading provider of diagnostic imaging and enterprise informatics solutions to help healthcare organizations deliver exceptional care while optimizing resources across multi-facility organizations. The company’s solutions are scalable to meet the unique needs of hospitals and imaging centers and are accessible throughout the enterprise anytime, anywhere. For more information, visitwww.vitalimages.com or join the conversation on Twitter, LinkedIn and YouTube.

November 3, 2016 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.

Logicalis Global Survey: Digital Brings Fresh Challenges for Three-Fourths of CIOs

Solution Provider Says Distributed IT, Shadow IT Departments, and Data Security Risks Are Top of Mind for IT Leaders as Businesses Respond to Threats from Digital Disrupters Worldwide

NEW YORK, October 24, 2016 – A new study by Logicalis, an international IT solutions and managed services provider (www.us.logicalis.com), examined the significant challenges facing CIOs worldwide as they enable businesses in every market segment to respond to threats posed by digital disrupters like Uber and Airbnb.  The 2016 Logicalis Global CIO Survey, now in its fourth year, polled over 700 CIOs worldwide. According to the survey, distributed IT, shadow IT departments and data security are among the biggest issues facing CIOs today. Download a copy of the report, “Digital Enablers: The Challenges Facing CIOs in an Age of Digital Transformation,” here: http://ow.ly/sRjQ305o2f1.

The Logicalis study also revealed that the pace of digital transformation is gathering speed with 73 percent of firms around the world, to some extent, now calling themselves “digitally enabled.” Overall, the survey showed that digital adoption conforms to an innovation bell curve in which:

  • Digitally enabled innovators, or digital disrupters, now account for 7 percent of businesses.
  • Early adopters comprise 22 percent of businesses worldwide.
  • An early majority accounts for 45 percent of firms, while 22 percent fall into the late majority category.
  • And laggards, or those not digitally enabled at all, account for just 5 percent of businesses around the globe.

“This speaks both to the huge benefits that digital transformation brings,” says Mark Rogers, Chief Executive Officer, Logicalis Group, “but also to the scale of the challenge posed by digital disrupters and early transformers – while such a rapid transformation almost certainly means big changes for CIOs and IT departments.”

Big Challenges for CIOs

This rapidly changing environment does indeed pose big challenges for CIOs, the survey found.  CIOs have, for instance, less control over IT spending than ever before – 40 percent of CIOs now say they make 50 percent or fewer of their companies’ IT spending decisions.

This trend is also reflected in the frequency with which CIOs are bypassed altogether – with line of business buying technology without involving IT at all.  The proportion reporting that this happens often, very often or most of the time has risen from 29 percent in 2015 to 39 percent in 2016.

Distributed IT and the Shadow IT Department

One result of this loss of control is a move away from centralized IT, with more and more CIOs now operating in “distributed” IT environments.  Perhaps surprisingly, this decentralization of IT, which is a natural extension of “shadow IT,” is no longer seen as subversive, however, and is instead viewed as a positive and essential element of digital transformation.

For example, though the vast majority of CIOs (83 percent) report that line of business departments now employ IT people whose role is to support business function-specific software, applications and cloud services – essentially acting as shadow IT departments – CIOs seem content to work with them.  In fact, more than one-fifth of the world’s IT leaders (22 percent) report working with these “shadow IT departments” on a daily basis, while 41 percent report doing so at least weekly.

“The challenge for IT departments and CIOs is to find ways to support these specialists effectively,” says Vince DeLuca, Chief Executive Officer, Logicalis US, “securing the infrastructure, applications and vital data without stifling the ‘shadow innovation’ their skills support.”

Security Challenges

Together, the combination of the Internet of Things (IoT), distributed IT, and the increased pervasiveness of applications into the very core of the business – along with an ever-evolving threat landscape – represents a perfect security storm.

As a result, the CIOs surveyed cited security as far and away the biggest challenge related to the increased use of cloud services.  More than three quarters (78 percent) pointed to security as a challenge, with related issues like data sovereignty (47 percent) and local data regulations (37 percent) coming in second and third.

Looking at security threats in more detail, CIOs expect the prevalence of increasingly sophisticated threats (61 percent) to be the No. 1 issue for the next 12 months, while issues like ransomware and corporate extortion were highlighted by more than half (56 percent).

Looking Outside for Help

The sheer range of issues facing CIOs as a result of their organizations’ digital transformation means the pressure to hand off day-to-day technology management, to focus on strategy, and to reframe IT departments as internal service providers is now greater than ever.

In response, CIOs are increasingly seeking partner-led and partner-delivered services.  This year, one-fourth (24 percent) of the CIOs surveyed say they outsource most (more than 50 percent) of their IT, while the number outsourcing none or just 10 percent of their IT has dropped dramatically – falling respectively to 9 percent (compared to 13 percent in 2015) and 19 percent (compared to 26 percent in 2015).

“As digital innovation accelerates, the winners will create new customer experiences, make faster and better decisions through smarter collaboration, and create new digital business models and revenue streams securely,” Rogers says. “CIOs and IT leaders can play a leading role in enabling that innovation, drawing on skills from insightful partners to help shape their businesses and lead their sectors through the application of digital technologies.  I am delighted that Logicalis is already helping clients to plan their digital journeys, releasing the creativity that runs through their workforces and using digital technology to deliver outstanding results.”

About Logicalis

Logicalis is an international multi-skilled solution provider providing digital enablement services to help customers harness digital technology and innovative services to deliver powerful business outcomes.

Our customers cross industries and geographical regions; our focus is to engage in the dynamics of our customers’ vertical markets including financial services, TMT (telecommunications, media and technology), education, healthcare, retail, government, manufacturing and professional services, and to apply the skills of our 4,000 employees in modernizing key digital pillars, data center and cloud services, security and network infrastructure, workspace communications and collaboration, data and information strategies, and IT operation modernization.

We are the advocates for our customers for some of the world’s leading technology companies including Cisco, HPE, IBM, NetApp, Microsoft, VMware and ServiceNow.

The Logicalis Group has annualized revenues of over $1.5 billion from operations in Europe, North America, Latin America and Asia Pacific. It is a division of Datatec Limited, listed on the Johannesburg Stock Exchange and the AIM market of the LSE, with revenues of over $6.5 billion.

For more information, visit www.us.logicalis.com.

October 24, 2016 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.

Survey: 8 in 10 Hospital Leaders Say Predictive Analytics is Important to Future Yet Only One-Third Use It

Lack of appropriate tools and trained personnel ranked as top barriers to adoption

SALT LAKE CITY – Sept. 7, 2016 – Nearly 80 percent of hospital executives believe the future of healthcare could be significantly improved through the use of predictive analytics, a population health management tool that can help providers stay one step ahead of costly problems like preventable readmissions, patient downturns and contracts with insurers that pay less than the cost of providing care. Yet only 31 percent of hospitals have used the technology for more than a year, and 19 percent have no plans to do so.

Those results from an August survey of 136 hospital and health system executives by Health Catalyst point to potentially significant barriers to the adoption of predictive analytics. They may also signal pent up demand for the advanced form of analytics, which has been touted as a solution to many of healthcare’s problems and as key to the development of more effective “personalized” treatments for common diseases such as cancer.

Top barrier to adoption: “Right data or tools”

Both current users and non-users of predictive analytics agree (32%) that the top barrier to its adoption is the lack of appropriate data or tools and infrastructure, according to the survey. That result is not unexpected since producing reliable predictions of future probabilities or trends requires both an accessible and trusted source of data aggregated from multiple IT systems—electronic health records (EHR), financial systems, etc.—as well as analytic applications to drive the predictions and make them easy for front-line staff to use.

Survey respondents said the next most significant barriers to the use of predictive analytics were a lack of people or skills (26%) and a lack of executive support or budget (20%). Few seem to question the effectiveness of the technology; only one respondent said past efforts had failed to show results. And despite the relative youth of predictive analytics technology, confidence in its accuracy ranged from neutral to very strong among respondents. Only 2 percent said the technology produces inaccurate results.

Pent up demand?

Apparently driven by faith in predictive analytics’ ability to deliver meaningful results, demand for the technology appears to be strong among hospital leaders. In addition to the 31 percent of respondents who already use it, 38 percent said they plan to adopt predictive analytics within the next three years. Fourteen percent of that group said they will adopt it in the next 12 months.

Still, nearly one-third of the survey takers are on the fence. In addition to the 19 percent who said they have no plans to use predictive analytics, another 11 percent are unsure whether they will use it in the future or not.

Even among those who plan to adopt predictive analytics, few said they have the budget to allocate significant resources to the effort. Most (37%) are tip-toeing into the space with commitments or planned commitments of 1-3 people devoted to the task of leveraging analytics for predictions. Only 8 percent said they would allocate more than four people to that role.  Thirty-four percent of respondents said they were unsure how many people they would have work in the area.

Preventive care tops list of uses

Both current users of predictive analytics and prospective users agreed (58%) the top priority for its use is to alert caregivers to interventions that may prevent health declines among high-risk patients, according to the survey. Asked to name the top three priorities for the use of the technology, respondents assigned the second and third spots to predicting financial outcomes (such as patient cost or likelihood of patients to pay their bills) (52%), and improving the ability of providers to negotiate contracts with insurers (42%).

Other priorities for predictive analytics identified by survey takers were projecting patient health outcomes and satisfaction (38%) and improving the quality of diagnoses (33%). Falling last on the list of priorities was the forecasting of staffing and supply chain needs (27%).

EHR tops list of preferred data sources

When asked to list the top three sources of data for making predictions, respondents most often selected clinical data from the EHR (80%).  Tied for second as important data sources were claims data and patient outcomes data, both selected by 53 percent of respondents. Financial data was the next most selected category (50%), followed by non-medical patient demographics (22%) and patient satisfaction data (21%).

“Overall, the survey findings point to a growing need within the provider community for solutions that help to identify long-term rising-risk patients who are on their way to becoming high-cost consumers of heath care,” said Levi Thatcher, Director of Data Science at Health Catalyst. “With an ever greater light being cast on system-wide inefficiencies, providers are hungry for analytics that will help them identify and treat these patients before their health deteriorates, both improving their lives and reducing needless spending across the system.”

Methods

Survey results reflect the opinions of 136 healthcare professionals who responded to an online survey in August 2016. Respondents included 34 CEOs; 18 chief financial officers; 26 chief information and chief medical information officers; and a variety of other executive and departmental leadership roles. They work for organizations ranging from some of the nation’s largest urban academic medical centers and integrated delivery networks to small, rural critical access facilities.

About Health Catalyst

Health Catalyst is a mission-driven data warehousing, analytics and outcomes-improvement company that helps healthcare organizations of all sizes perform the clinical, financial, and operational reporting and analysis needed for population health and accountable care. Our proven enterprise data warehouse (EDW) and analytics platform helps improve quality, add efficiency and lower costs in support of more than 70 million patients for organizations ranging from the largest US health system to forward-thinking physician practices. For more information, visit https://www.healthcatalyst.com, and follow us on Twitter, LinkedIn and Facebook.       

September 7, 2016 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.

JAMIA Study: Wolters Kluwer Surveillance System Reduces Sepsis Deaths

The Decision Support Software Improved Early Diagnosis Using Automated Data Analysis and Accurate Alerts Sent to Mobile Devices

May 25, 2016 – The Health division of Wolters Kluwer, a leading global provider of information and point of care solutions for the healthcare industry, announced today that The Journal of the American Medical Informatics Association (JAMIA) has published a study by researchers Sharad Manaktala, MD, PhD, et al. detailing a significant reduction in sepsis mortality using automated surveillance and real-time analysis. The study examines how clinicians at Alabama’s Huntsville Hospital decreased sepsis-related deaths by 53% during a 10-month period using a combination of clinical change management and electronic alerting from POC Advisor™, a highly-accurate clinical decision support (CDS) software. The system’s alerts detect sepsis early and guide clinicians to deliver the appropriate treatment, resulting in a breakthrough in alert accuracy, reaching 95% sensitivity and 82% specificity during the study period.

The study, “Evaluating the Impact of a Computerized Surveillance Algorithm and Decision Support System on Sepsis Mortality,” is currently available online and will appear in the June print edition of JAMIA.

Sepsis is the deadliest condition treated in hospital critical care units, claiming approximately 750,000 lives in U.S. hospitals every year. At an estimated $20 billion annually, it is also the country’s most expensive condition to treat. The risk of death increases significantly every hour sepsis goes untreated, yet early diagnosis has long been a struggle because many other acute medical conditions cause similar signs and symptoms.

Using an automated, real-time surveillance algorithm, POC Advisor aggregates, normalizes and analyzes patient data from disparate clinical systems and delivers early sepsis alerts and treatment advice to clinicians via mobile devices and portals. Hundreds of rules built into the platform account for variables specific to individual patients, including comorbidities and medication abnormalities, thereby maximizing the accuracy of alerts and advice.

“There is no single test to identify sepsis; it requires a clinical diagnosis. Delays in diagnosis are very common, resulting in delays in treatment,” said study co-author Stephen Claypool, MD. “Prior to this study, there hasn’t been a study of an electronic system that I’m aware of that has significantly improved mortality. That’s because most systems generate many false positive alerts, so they are ignored and outcomes are not improved. In this study, we used an electronic solution that takes into account existing patient co-morbidities and labs and adjusts the analysis on a patient-specific basis.

“This system is much more accurate, with a highly specific alerting system that minimizes alert fatigue,” added Dr. Claypool, Medical Director of Clinical Software Solutions at Wolters Kluwer. “In this study, Huntsville clinicians acted promptly on the alerting advice, so they were able to more effectively identify and treat sepsis well before a patient’s condition worsened. The end result was a dramatic improvement in mortality.”

The study also incorporated change management practices focused on sepsis education and process improvement for the clinical staff. The education program ensured that the nursing staff was properly trained to respond to sepsis alerts in a timely manner using the latest evidence-based practices.

“Efforts to develop similar CDS tools oftentimes fail because clinicians simply cannot trust the accuracy of the alerts. Either the system has low sensitivity and therefore does not identify all cases of sepsis, or low specificity, which leads to too many false positives resulting in ignored alerts,” said Sean Benson, Vice President and General Manager of POC Advisor at Wolters Kluwer Clinical Software Solutions. “If a tool is going to help doctors and nurses save lives, they have to trust that it works. Most CDS systems fail to achieve sensitivity and specificity levels higher than 50%. However, at the conclusion of our study, POC Advisor achieved alert sensitivity and specificity of 95% and 82%, respectively. That is unprecedented in published literature.”

The study’s publication in JAMIA follows the release of new definitions and clinical criteria for sepsis (Sepsis-3) from the Third International Consensus Definitions Task Force earlier this year. Dr. Claypool noted that while it more accurately defines the condition, Sepsis-3 does little to address the need for improved care.

“Currently, there is no medical evidence to suggest that the Sepsis-3 criteria will detect sepsis earlier than previous methods and in fact may lead to longer delays,” he said. “The reduction in sepsis mortality at Huntsville is a result of effective early alerts that allowed clinicians to treat the patients long before they suffered life-threatening organ dysfunction.”

Follow POC Advisor on Twitter.

About Wolters Kluwer

Wolters Kluwer N.V. (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.

Wolters Kluwer reported 2015 annual revenues of €4.2 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.

Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

Wolters Kluwer Health is a leading global provider of information and point of care solutions for the healthcare industry. For more information about our products and organization, visithttp://www.wolterskluwer.com/, follow @WKHealth or @Wolters_Kluwer on Twitter, like us on Facebook, follow us on LinkedIn, or follow WoltersKluwerComms on YouTube.

May 26, 2016 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.

Health Market Science Rebranded as LexisNexis Risk Solutions for Pharmacy Marke

Integration into LexisNexis Health Care Solutions Holds Promise for Unprecedented Data Intelligence Solutions for Retail Pharmacies and Pharmacy Benefit Managers

ATLANTA – March 14, 2016 – LexisNexis® Risk Solutions, a leading provider of data, analytics and technology, today announced the rebranding of Health Market Science, its most recent acquisition, as LexisNexis Risk Solutions in the Pharmacy market. The rebranding initiative reflects the organization’s commitment to combine its industry-leading public records footprint and prescriber data, leveraging analytics and big data technology in the Pharmacy space.

“Over the last four years, we have charted – and achieved – a very specific course for growth within the health care data analytics market, and the Pharmacy space has been a top priority since day one,” said Jeff Klein, Senior Vice President and General Manager, LexisNexis Risk Solutions. “We are pleased to have partnered with all of the major retail pharmacy chains and the majority of the Pharmacy Benefit Managers (PBM) over the years and look forward to working with them and other industry leaders to forge the future of data analytics in the Pharmacy market.”

The company acquired Health Market Science in 2014, combining public records, claims and medical data with solutions tailored to pharmacies and PBMs, including VerifyRx™, a real-time and compliance validation solution specifically for pharmacies and PBMs and Provider Data Masterfile™, the industry-leading provider referential database of more than 8.5 million U.S. health care practitioners, including prescriber credentials.

“The Pharmacy market, like the rest of the health care industry, is transforming; and big data technology is at the heart of that transformation,” said Craig Ford, Vice President of Sales, Pharmacy, LexisNexis Risk Solutions. “LexisNexis Risk Solutions is ready to build on its heritage of quality provider data and lead the Pharmacy market through the maze of compliance requirements and into the brave new world of population health management and socio-economic data.”

In a market with an increasingly stringent and complex regulatory environment, pharmacies without the ability to perform real-time compliance checks put themselves at risk. By combining the industry-leading provider referential database with the company’s public records footprint, analytics and big data technology, LexisNexis Risk Solutions can offer a continuum of prescriber data assets, analytics and services that allow pharmacy customers to remain compliant.  

“It’s a good time for our brand to reflect what LexisNexis Risk Solutions brings to the Pharmacy market in terms of member and patient data assets, visualization, analytics and services that allows Pharmacy and PBM customers to increase member engagement,” said Dan Schofield, Director, Vertical Market, Health Care,  LexisNexis Risk Solutions.

Non-adherence to medication has been estimated to cost the health care industry $290 billion[1] per year, as patients seek hospitalization, expensive treatments or the emergency room for illnesses that could have been properly treated with medication. The combination of member and claims data, analytics and public records data with big data technology, enables pharmacists and PBMs to use socio-economic health attributes to predict and score the member’s motivation to take medication and take ownership over their own care.

About LexisNexis Risk Solutions
LexisNexis Risk Solutions (http://www.lexisnexis.com/risk/) is a leader in providing essential information that helps customers across industries and government predict, assess and manage risk. Combining cutting-edge technology, unique data and advanced analytics, LexisNexis Risk Solutions provides products and services that address evolving client needs in the risk sector while upholding the highest standards of security and privacy. LexisNexis Risk Solutions is part of RELX Group plc, a world-leading provider of information and analytics for professional and business customers across industries.

Our health care solutions combine proprietary analytics, science and technology with the industry’s leading sources of provider, member, claims and public records information to improve cost savings, health outcomes, data quality, compliance and exposure to fraud, waste and abuse.

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[1] New England Health Care Institute, Thinking Outside the Pillbox: A System-wide Approach to Improving Patient Medication Adherence for Chronic Disease, August 2009, http://www.nehi.net/writable/publication_files/file/pa_issue_brief_final.pdf

March 14, 2016 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.

Tableau Announces New Technology Agreement with Leading EMR Provider

Seattle & Las Vegas, February 29th, 2016 – Tableau Software (NYSE:DATA), a global leader in rapid-fire business analytics software, today announced a technology agreement with Epic. The agreement will enable joint customers to deliver actionable insights from Tableau to EMR end-users, empowering physicians, clinicians, nurses and case managers for clinical analysis.

As part of this agreement, customer-created Tableau workbooks and dashboards will be integrated with Epic’s EMR, allowing direct access from end-user workflows. In addition, the community of joint customers will share knowledge, innovation and best practices to accelerate time-to-value from both technologies, focusing on helping customers leverage their data assets.

“This is a significant milestone that will enable healthcare providers and health systems to deliver significant value to their patients, physicians, clinicians, nurses, care managers and executives,” said David Delafield, Chief Financial Officer at Medical Group WA/AK, Providence Health and Services in Seattle. “Stakeholders at all levels of the organization will be able to leverage the clinical data from Epic and self-service visual analytics from Tableau to enable performance improvement.”

Dr. Ari Robicsek, VP of Clinical Analytics and Associate Chief Medical Information Officer at NorthShore University Health System, welcomes the relationship. “Tableau has been essential in our effort to transform clinical data from Epic into actionable insights, enabling us to deliver these insights into the real-life workflows of clinicians and healthcare administrators.  Examples include predictive models that drive our Population Health and readmission reduction efforts and actionable quality dashboards for primary care providers.” He further added, “This has delighted our physicians, achieved high levels of adoption, and resulted in demonstrably better patient outcomes.”

“We’re very excited to be working with Epic” said Andy Dé, Managing Director for Healthcare and Life Sciences at Tableau. “We continue to experience strong market adoption for Tableau at the enterprise level nationally in healthcare. This relationship is a direct result of customers’ demand and will deliver value to healthcare providers through the delivery of rapid, actionable insights from their clinical data, for measurable impact on health outcomes.”

This collaboration comes at a time of further recognition for Tableau in healthcare.  KLAS, an independent research firm, placed Tableau among the top business intelligence and analytics vendors for healthcare in the 2015 KLAS report, “Enterprise Healthcare BI: The Search for Outcomes.”

Attendees can learn more about how Tableau can help healthcare organizations during the HIMSS Conference in Las Vegas Feb. 29 – March 4 in the HIMSS Exhibition Hall level 1 at Expo Hall Booth #11937, and at the Clinical and Business Intelligence Knowledge Center Kiosk # 14077, or online at http://www.tableau.com/healthcare-analytics.

About Tableau Software

Tableau Software (NYSE: DATA) helps people see and understand data. Tableau helps anyone quickly analyze, visualize and share information. More than 39,000 customer accounts get rapid results with Tableau in the office and on-the-go. And tens of thousands of people use Tableau Public to share data in their blogs and websites. See how Tableau can help you by downloading the free trial at www.tableau.com/trial.

Tableau and Tableau Software are trademarks of Tableau Software, Inc. All other company and product names may be trademarks of the respective companies with which they are associated.

February 29, 2016 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.

Leading Healthcare IT Association Announces $1 Million Initiative to Protect Patients from Life-Threatening Medical Errors

Ann Arbor, MI, January 19, 2016 – Imagine a scenario in which a patient goes to a doctor’s office or a hospital and is misidentified or matched to the wrong medical record. Imagine a doctor making critical decisions based on someone else’s medical history. Imagine if that patient is a loved one.

Unfortunately, this scene plays itself out too often in today’s healthcare environment – potentially as high as 20 percent of the time – largely because there’s no universal way of accurately identifying a patient, regardless of where they seek care. In the past, manual processes could reduce the accuracy gap that existed, but as electronic health records become ubiquitous, the challenge takes on new dimensions.

To solve this complex problem, the College of Healthcare Information Management Executives (CHIME) today launched the CHIME National Patient ID Challenge, a $1 million crowdsourcing competition encouraging innovators from around the world to develop a solution that is private, accurate and safe. CHIME has teamed with HeroX, co-founded in 2013 by XPRIZE CEO Peter Diamandis, to run the year-long competition.

“Healthcare faces some immense challenges,” said Marc Probst, vice president and chief information officer, Intermountain Healthcare, Salt Lake City; and chair of the CHIME board of trustees. “As we digitize healthcare and patients move from one care setting to another, we need to ensure with 100 percent accuracy that we identify the right patient at the right time. Anything less than that increases the risk of a medical error and can add unnecessary costs to the healthcare system.”

Probst noted that Intermountain Healthcare spends between $4 million and $5 million annually on technologies and processes to try to ensure proper patient identification. At the Mayo Clinic, each case of misidentification costs at least $1,200, according to the Office of the National Coordinator’s 2014 report, “Patient Identification and Matching: Final Report.”

As ONC reported, healthcare organizations have made strides in improving patient identification and matching, but those solutions have not been universally adopted. For instance, providers vary greatly in how they format names and addresses. Also, the quality of the data entered into systems can be mixed. Additionally, CHIME data show that hospitals differ in how they identify patients. More than 60 percent of CHIME members use some form of a unique patient identifier to match patient data within their organizations, others rely on complicated algorithms. Nearly 20 percent of CHIME members surveyed in 2012 could attribute at least one adverse medical event to incorrect patient matching.

“The National Patient Safety Foundation recognizes patient identification as an important safety issue,” said Tejal K. Gandhi, M.D., MPH, CPPS, president and CEO, NPSF. “We are pleased to see this challenge by CHIME get underway to focus attention on helping find solutions.”

With today’s launch, the CHIME National Patient ID Challenge is now open for innovators from around the world to submit solutions. In the spring, CHIME and HeroX will announce participants moving on to the Concept Blitz Round. Innovators will then further develop and refine their ideas as they prepare for judging and the Final Innovation Round. They will need to produce working prototypes of their designs. CHIME intends to announce the $1 million winner in February 2017 at the CHIME-HIMSS CIO Forum.

“HeroX is proud to be partnering with CHIME to drive the next big breakthrough in national patient identification so that we can live safer, healthier lives,” said HeroX Co-founder and CEO Christian Cotichini, who noted that incentive challenges have a history of advancing innovation in healthcare and patient safety.

“Patient mismatching and our inability to accurately identify patients across the continuum of care has been an ongoing problem for the industry,” said CHIME President and CEO Russell Branzell, FCHIME, CHCIO, who noted that federal law currently prevents the government from spending funds on a national patient identifier. “We deserve better. Our patients deserve better. We hope that this competition will bring forth a solution that ensures that we can identify patients the right way every single time. If we can achieve that, it will propel us further down the road of being able to effectively and efficiently exchange data between caregivers, improving patient safety and reducing healthcare costs.”

For more details on CHIME’s National Patient ID Challenge, please visit www.herox.com/PatientIDChallenge.

About CHIME:
The College of Healthcare Information Management Executives (CHIME) is an executive organization dedicated to serving chief information officers and other senior healthcare IT leaders. With more than 1,700 CIO members and over 150 healthcare IT vendors and professional services firms, CHIME provides a highly interactive, trusted environment enabling senior professional and industry leaders to collaborate; exchange best practices; address professional development needs; and advocate the effective use of information management to improve the health and healthcare in the communities they serve. For more information, please visit www.chimecentral.org.

About HeroX:
HeroX is a platform where anyone can spur innovation and solve problems by launching a challenge. A spinoff of XPRIZE, the leading organization solving the world’s Grand Challenges by creating and managing large-scale, high profile, incentivized prize challenges, and a joint venture with City Light Capital, HeroX harnesses the power and momentum of challenge-based innovation to solve both philanthropic and commercial challenges. We provide the tools to make it easy for anyone to frame a problem and to inspire teams to compete to solve it. Everyone wants a chance to be a hero and we’ll show you how. For more information, go to www.HeroX.com.

 

January 19, 2016 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.

TALIX, INC. SPINS OFF AS INDEPENDENT COMPANY, SECURES $14 MILLION IN FUNDING

Funding to Fuel Development and Growth of New Healthcare Risk Adjustment Applications

SAN FRANCISCO – January 11, 2016Talix, Inc., a subsidiary of Healthline Networks, today announced it will spin off as an independent company. In conjunction with Summit Partners’ announced investment in Healthline Networks’ media business, former Healthline Networks shareholders and investors will provide $14 million in funding to Talix. This capital will be used to fund the growth of the company’s core risk adjustment product, Coding InSight, and support the development of future applications in its planned suite of patient risk management products powered by Talix’s proprietary HealthData Engine.

Dean Stephens will serve as the new Chief Executive Officer for Talix. Stephens has over 25 years of experience in healthcare, including co-founding and leading Healthline Networks. “Having secured this round of funding, Talix is well positioned to further innovate and disrupt the healthcare risk adjustment space. We are excited for this new chapter and look forward to continuing to deliver value to both our growing stable of high-profile customers and our shareholders,” said Stephens.

Talix will continue to provide information technology solutions to its traditional customers while it evolves its big patient data analytics capabilities. Continuing in executive roles with Talix will be Niraj Katwala, Murray Brozinsky, and Derek Gordon. Talix investors joining the Board of Directors include Phil Dur, representing Investor Growth Capital; Richard Harroch, VantagePoint Capital Partners; Kevin Brown, Reed Elsevier Ventures; and Mike Barber, General Electric Equity.

Talix was formed as a wholly owned subsidiary of Healthline Networks in January 2015. The company launched its first SaaS application, Coding InSight, in June 2015 and signed its first customer for the product in July 2015. Since then, the application has seen increasing adoption among both healthcare provider and payer organizations.

Talix will be exhibiting and presenting at the 2016 HIMSS Conference in February and the 2016 RISE Nashville Summit in March, where it will feature product demonstrations and customer success case studies.

About Talix

Talix provides patient risk management solutions to help healthcare organizations address the challenges of value-based healthcare and risk-based contracts. Its SaaS applications leverage patient data analytics to turn structured and unstructured health data into actionable insights that drive improved risk adjustment, better patient outcomes and reduced costs. For more information, please visit www.talix.com or follow @TalixHealth on Twitter.

January 11, 2016 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.

Exostar Receives Additional $10 Million Investment from Merck Global Health Innovation Fund

Commitment Reflects Impact of Exostar’s Mission, Vision, and Solutions on Life Science and Healthcare Industries

HERNDON, VA, October 27, 2015Exostar, whose cloud-based solutions help companies in aerospace and defense, life sciences, and healthcare mitigate risk and solve their identity and access challenges, today announced an additional $10 million investment in its life science and healthcare business from the Merck Global Health Innovation Fund (Merck GHI).  Merck GHI has $500 million under management and provides growth capital to emerging healthcare technology companies worldwide.

Merck GHI’s investment will allow Exostar to enhance and expand its HIPAA-compliant solutions that help pharmaceutical companies, healthcare providers, and others in the industry securely, productively, and compliantly collaborate with one another to develop new drugs and therapies and deliver the best possible patient care.  Exostar’s innovative information security solutions – such as the cloud-based Secure Access Manager (SAM) for federated identity and access management with web-based single sign-on – protect sensitive data and intellectual property while promoting the ongoing migration to partner-centric research and development and digital health.

The latest round of funding follows a $5 million investment by Merck GHI in October 2014.  Over the past year, Exostar’s life science and healthcare community has grown to over 1000 global organizations who rely on SAM to securely access applications, exchange information, and conduct business.  The company also launched its ProviderPass solution that supports leading health IT vendors and healthcare providers with compliant electronic prescribing of controlled substances.

“We believe that data will be the currency in healthcare and serves as the foundation for innovation,” said Richard Addi, Exostar’s President and CEO.  “We also understand that data compromise can render that currency worthless, or worse.  Life science and healthcare companies need a partner whose information security innovations and solutions not only protect scientific advances and patient information, but also enable organizations to accelerate how they do business.  Exostar is that partner, and we are pleased Merck GHI has chosen once again to support us.”

About Exostar

Exostar’s cloud-based solutions help companies in highly-regulated industries mitigate risk and solve identity and access challenges.  Nearly 125,000 organizations leverage Exostar to help them collaborate securely, efficiently, and compliantly with their partners and suppliers.  By offering connect-once, single sign-on access, Exostar strengthens security, reduces expenditures, and raises productivity so customers can better meet contractual, regulatory, and time-to-market objectives.  www.exostar.com.

October 27, 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.