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MEA|NEA Acquires The White Stone Group

Acquisition lays the foundation for industry-leading HIPAA-compliant healthcare communication and information exchange via a single platform

Atlanta, GA – Sept. 1, 2015 – MEA|NEA, the recognized leader in secure health information exchange for medical and dental providers, announced today that it has acquired The White Stone Group, Inc., a best-in class provider of healthcare communication management solutions. This move positions the company to create a single, highly-integrated platform for the secure exchange of protected health information and communication management between patients, providers and payers.

The White Stone Group’s products, led by its Trace™ communication suite, strengthen and complement MEA|NEA’s current portfolio of HIPAA-compliant solutions for health information exchange and revenue cycle management. Combining the two proven technology solutions gives clients a one-stop-shop for the secure exchange of health information and the efficient management of healthcare communication including voice, fax, image, data and electronic documents. Customers will benefit by seeing a reduction in denied claims, improved cash flow, increased up-front collections, reduced readmissions, and improved HCAHPS scores.

“We are committed to empowering medical and dental providers, payers and partners to achieve efficiency and cost-savings through a robust offering of electronic healthcare communication and secure information exchange solutions,” said Lindy Benton, president and CEO of MEA|NEA. “Together, our solutions will enable clients to more effectively manage critical patient information that typically resides outside the electronic health record, closing the continuum on a fully accessible patient record.”

The combined company has more than one million customers across the medical and dental markets. Going forward, MEA|NEA will form two complementary business units — one focused on providers, patients and payers in the dental space and the other focused on the same audiences in the medical space. The company will maintain operations in Norcross, Georgia and Knoxville, Tennessee.

About MEA|NEA

MEA|NEA is an industry leader in revenue cycle enhancement for payers and providers managing the secure exchange of health information, providing critical functionality to payers, medical and dental providers and other agents. MEA|NEA solutions facilitate secure electronic requests for medical/dental records and documentation to connected network providers for payment integrity, risk adjustment, audit tracking, performance/quality measures, claim attachments and more. Similarly, their technology enables providers to gain productivity via the electronic capture, storage and submission of healthcare documentation; to more effectively manage their revenue cycle; and to reduce claim denials. www.mea-fast.com | www.nea-fast.com

About The White Stone Group, Inc.

The White Stone Group, Inc. partners with a growing base of more than 400 active hospitals and health systems nationwide. Best practices are hardwired through technology solutions to help hospitals improve financial performance, physician/staff alignment, patient experience, compliance and patient safety/quality. For more information, visit www.TWSG.com.

September 1, 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.

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.

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.

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.

Watson to Gain Ability to “See” with Planned $1B Acquisition of Merge Healthcare

Deal Brings Watson Technology Together with Leader in Medical Images

Armonk, NY and CHICAGO — [August 6, 2015]:  IBM (NYSE: IBM) today announced that Watson will gain the ability to “see” by bringing together Watson’s advanced image analytics and cognitive capabilities with data and images obtained from Merge Healthcare Incorporated’s (NASDAQ: MRGE) medical imaging management platform.  IBM plans to acquire Merge, a leading provider of medical image handling and processing, interoperability and clinical systems designed to advance healthcare quality and efficiency, in an effort to unlock the value of medical images to help physicians make better patient care decisions.

Merge’s technology platforms are used at more than 7,500 U.S. healthcare sites, as well as most of the world’s leading clinical research institutes and pharmaceutical firms to manage a growing body of medical images.  The vision is that these organizations could use the Watson Health Cloud to surface new insights from a consolidated, patient-centric view of current and historical images, electronic health records, data from wearable devices and other related medical data, in a HIPAA-enabled environment.

Under terms of the transaction, Merge shareholders would receive $7.13 per share in cash, for a total transaction value of $1 billion.  The closing of the transaction is subject to regulatory review, Merge shareholder approval, and other customary closing conditions, and is anticipated to occur later this year.  It is IBM’s third major health-related acquisition – and the largest – since launching its Watson Health unit in April, following Phytel (population health) and Explorys (cloud based healthcare intelligence).

“As a proven leader in delivering healthcare solutions for over 20 years, Merge is a tremendous addition to the Watson Health platform.  Healthcare will be one of IBM’s biggest growth areas over the next 10 years, which is why  we are making a major investment to drive industry transformation and to facilitate a higher quality of care,” said John Kelly, senior vice president, IBM Research and Solutions Portfolio. “Watson’s powerful cognitive and analytic capabilities, coupled with those from Merge and our other major strategic acquisitions, position IBM to partner with healthcare providers, research institutions, biomedical companies, insurers and other organizations committed to changing the very nature of health and healthcare in the 21st century. Giving Watson ‘eyes’ on medical images unlocks entirely new possibilities for the industry.”

Teaching Watson to “See” Medical Images
The planned acquisition bolsters IBM’s strategy to add rich image analytics with deep learning to the Watson Health platform – in effect, advancing Watson beyond natural language and giving it the ability to “see.”  Medical images are by far the largest and fastest-growing data source in the healthcare industry and perhaps the world – IBM researchers estimate that they account for at least 90% of all medical data today – but they also present challenges that need to be addressed:

  • The volume of medical images can be overwhelming to even the most sophisticated specialists – radiologists in some hospital emergency rooms are presented with as many as 100,000 images a day1.
  • Tools to help clinicians extract insights from medical images remain very limited, requiring most analysis to be done manually.
  • At a time when the most powerful insights come at the intersection of diverse data sets (medical records, lab tests, genomics, etc.), medical images remain largely disconnected from mainstream health information.

IBM plans to leverage the Watson Health Cloud to analyze and cross-reference medical images against a deep trove of lab results, electronic health records, genomic tests, clinical studies and other health-related data sources, already representing 315 billion data points and 90 million unique records.  Merge’s clients could compare new medical images with a patient’s image history as well as populations of similar patients to detect changes and anomalies. Insights generated by Watson could then help healthcare providers in fields including radiology, cardiology, orthopedics and ophthalmology to pursue more personalized approaches to diagnosis, treatment and monitoring of patients.

Cutting-edge image analytics projects underway in IBM Research’s global labs suggest additional areas where progress can be made.  They include teaching Watson to filter clinical and diagnostic imaging information to help clinicians identify anomalies and form recommendations, which could help reduce physician viewing loads and increase physician effectiveness.

“As Watson evolves, we are tackling more complex and meaningful problems by constantly evaluating bigger and more challenging data sets,” Kelly said. “Medical images are some of the most complicated data sets imaginable, and there is perhaps no more important area in which researchers can apply machine learning and cognitive computing.  That’s the real promise of cognitive computing and its artificial intelligence components – helping to make us healthier and to improve the quality of our lives.”

Watson Health and Merge Capabilities Will Benefit Researchers, Clinicians and Individuals
IBM’s Watson Health unit plans to bring together Merge’s product and solution offerings with existing expertise in cognitive computing, population health, and cloud-based healthcare intelligence offerings to:

  • Offer researchers insights to aid clinical trial design, monitoring and evaluation;
  • Help clinicians to efficiently identify options for the diagnosis, treatment  and monitoring a broad array of health conditions such as cancer, stroke and heart disease;
  • Enable providers and payers to integrate and optimize patient engagement in alignment with meaningful use and value-based care guidelines; and
  • Support researchers and healthcare professionals as they advance the emerging discipline of population health, which aims to optimize an individual’s care by identifying trends in large numbers of people with similar health status.

“Merge is widely recognized for delivering market leading imaging workflow and electronic data capture solutions,” said Justin Dearborn, chief executive officer, Merge. “Today’s announcement is an exciting step forward for our employees and clients. Becoming a part of IBM will allow us to expand our global scale and deliver added value and insight to our clients through Watson’s advanced analytic and cognitive computing capabilities.”

“Combining Merge’s leading medical imaging solutions with the world-class machine learning and analytics capabilities of IBM’s Watson Health is the future of healthcare technology,” said Michael W. Ferro, Jr., Merge’s chairman. “Merge’s leading technology and proven expertise represent a unique combination of assets that will deliver unparalleled value to Watson Health clients. Together, we will unlock unprecedented new opportunities to improve patient diagnostics and deliver enhanced care.”

About Merge
Merge is a leading provider of innovative enterprise imaging, interoperability and clinical systems that seek to advance healthcare. Merge’s enterprise and cloud-based technologies for image intensive specialties provide access to any image, anywhere, any time. Merge also provides clinical trials software with end-to-end study support in a single platform and other intelligent health data and analytics solutions. With solutions that have been used by providers for more than 25 years, Merge is helping to reduce costs, improve efficiencies and enhance the quality of healthcare worldwide. For more information, visit merge.com and follow us @MergeHealthcare.

IBM Watson: Pioneering a New Era of Computing
Watson is the first commercially available cognitive computing capability representing a new era in computing. The system, delivered through the cloud, analyzes high volumes of data, understands complex questions posed in natural language, and proposes evidence-based answers. Watson continuously learns, gaining in value and knowledge over time, from previous interactions.

In January 2014, IBM launched the IBM Watson unit, a business dedicated to developing and commercializing cloud-delivered cognitive computing technologies. The move signified a strategic shift by IBM to deliver a new class of software, services and apps that improves by learning, and discovers insights from massive amounts of Big Data.  As part of the unit, the company has increased the number and diversity of cognitive computing services delivered to its partners, adding new beta Watson services in February 2015, and scalable deep learning APIs with the acquisition of AlchemyAPI in March 2015.

In April 2015, the company continued to build on its strengths in cognitive computing, analytics, security and cloud with the launch of IBM Watson Health and the Watson Health Cloud platform.  The new unit will help improve the ability of doctors, researchers and insurers to innovate by surfacing new insights from the massive amount of personal health data being created daily.  The Watson Health Cloud allows this information to be anonymized, shared and combined with a dynamic and constantly growing aggregated view of clinical, research and social health data.

About IBM
For more information on IBM Watson, visit: ibm.com/watson.  For more information on IBM Watson Health, visit: ibm.com/watsonhealth

Check out the IBM Watson press kit at: http://www-03.ibm.com/press/us/en/presskit/27297.wss

Join the conversation at #ibmwatson and #watsonhealth. Follow Watson on Facebook and see Watson on YouTube and Flickr.

Learn more about this story at: http://asmarterplanet.com/blog/2015/08/seeing-believing-bringing-cognitive-image-analytics-healthcare.html

– See more at: http://www.merge.com/News/Article.aspx?ItemID=660#sthash.YZ8EBkQT.dpuf

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. to acquire CECity, Inc., expanding its performance improvement capabilities across the healthcare continuum

  • Extends seamless performance analytics and improvement platform across the entire ambulatory and acute care spectrum, creating opportunities for growth and expansion.
  • Simplifies and consolidates value-based payment reporting, automating the submission of physician practice and hospital data to private and public payers, and clinical data registries to scale improvement.

CHARLOTTE, N.C. (AUG. 4, 2015) — Premier, Inc. (NASDAQ: PINC), a leading healthcare improvement company, reached an agreement to acquire CECity, Inc., for $400 million. CECity is a privately-held, SaaS-based healthcare solutions provider, specializing in performance management and improvement, pay-for-value reporting and professional education.

Both organizations are industry-leading influencers that complement one another as they help providers holistically deliver higher-quality, more cost-effective care. Premier unites an alliance of 3,400 hospitals and health systems, as well as 110,000 non-acute sites of care. CECity serves more than 1.2 million individual healthcare professionals; more than 5,000 individual practices; and more than 100 professional societies, quality improvement organizations and certifying boards.

“This transaction is exciting and timely for many reasons,” said Susan DeVore, president and chief executive officer of Premier. “We are enhancing our capability to provide turn-key performance improvement and measurement reporting solutions in a rapidly expanding market. These capabilities are critical given the ongoing movement toward population health, as well as emerging Medicare requirements for all physicians to start reporting on a range of new performance measurements,” she said.

Michael J. Alkire, chief operating officer of Premier, said, “The combination will support unique, end-to-end solutions that span the continuum of care, supporting providers as they move toward advanced payment models.  Our many capabilities will include furthering physicians’ abilities to meet and exceed all value-based payment and meaningful use requirements; enabling medical practices to send clinical patient data in real time to designated registries; and deepening our relationships with healthcare professionals across North America through private and public portals.”

Integrating CECity’s capabilities, Premier will provide one consolidated source for both ambulatory and acute care performance management that supports and aligns providers with value-based care. Premier’s payer and vendor-agnostic platform will be enhanced with expanded data collection, measurement and monitoring, expanding the ability to offer quality cycle management, regulatory reporting and performance improvement services. Premier will also have the ability to automate the flow of information directly from physician practices to qualified clinical data registries, in partnership with national professional societies, accelerating improvement and the delivery of high-quality, coordinated care. In addition, combining CECity’s integrated and extensible learning management platform with the collaborative learning and research services developed by Premier and its members will further advance and expand evidence-based quality improvement solutions.

“Our two companies share the same goal of transforming healthcare,” said Lloyd Myers, RPh, CECity president and chief executive officer. “Together we will offer seamless, cloud-based solutions across the continuum of care that make information exchange and pay-for-value reporting both secure and simple for hospitals, providers and payers. We believe this is a ‘game changer’ that can fulfill the promise of continuous learning health systems to improve quality and safety for hospitals, healthcare professionals and their patients, at scale.”

CECity and its 134 employees/contractors will continue to operate out of its headquarters in Pittsburgh for the foreseeable future as part of Premier’s performance services segment.

“This is a proven partnership,” said Keith J. Figlioli, senior vice president of healthcare informatics at Premier. “Premier and our member health systems have successfully partnered with CECity on the development and delivery of performance improvement solutions to accountable care organizations. So we already know our integrated solutions are effective.”

Expected financial contribution

Assuming realization of the expected long-term accelerated growth prospects of the business based on identified synergies with Premier and CECity’s quality, regulatory, education and research offerings, Premier expects the transaction to be accretive to adjusted fully distributed earnings per share by approximately 2-4 cents in fiscal 2016, and 8-10 cents in fiscal 2017.  Note: the expected fiscal 2016 and 2017 contributions from CECity are based on preliminary unaudited financial data and are subject to change based on an audit and disclosure of CECity’s financial results within 75 days after the close of the transaction.

Transaction terms and structure

Under terms of the agreement, Premier will purchase 100 percent of CECity’s outstanding stock for $400 million. This amount will be funded by $250 million of cash on hand and $150 million from borrowings under the company’s untapped $750 million revolving credit facility. The transaction is expected to close in Premier’s fiscal first quarter ending Sept. 30, 2015, subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and other customary closing conditions. Further information regarding all terms and conditions contained in the definitive stock purchase agreement will be included in Premier’s Current Report on Form 8-K, which will be filed with the SEC in connection with the transaction. 

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 www.premierinc.com; as well asTwitter, Facebook, LinkedIn, YouTube, Instagram, Foursquare and Premier’s blog for more information about the company.

About CECity®

Headquartered in Pittsburgh, Pa., CECity (www.cecity.com) is a leading provider of cloud-based healthcare solutions, specializing in performance improvement, pay-for-value reporting and continuous professional education. CECity combines its unique registry and Big Data analytics platform with education and improvement interventions from world-class partners to help stakeholders answer the most important question, “How Do We Improve?” Since 1997, leading healthcare organizations have trusted CECity to power and scale their high-stakes performance management solutions. CECity is a leading CMS qualified PQRS registry and powers approximately 20 percent of the nation’s Qualified Clinical Data Registries (QCDRs), which are aligned with PQRS, meaningful use and emerging payment models. CECity is the exclusive performance assessment organization for the Bridges to Excellence program.  CECity is also a partner in the joint venture, Pharmacy Quality Solutions, Inc. with the Pharmacy Quality Alliance and Ostonics Quality Systems, LLC with the National Osteoporosis Foundation. CECity’s clients include brand-name organizations from across the healthcare paradigm, including medical certifying boards, professional societies, EHRs, pharmacy chains, health systems, physician practices and health plans.

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.

Physicians Interactive Continues Growth with Acquisition of Quantia, Inc.

Quantia’s online physician community provides expert-led medical content and peer-to-peer collaboration to support clinical decision-making

READING, Mass. – (JULY 23, 2015) – Physicians Interactive (PI), the leading provider of insight-driven, digital engagement solutions for healthcare professionals and consumers, today announced that it has acquired Quantia, Inc. whose award-winning web and mobile community QuantiaMD, reaches more than one-third of U.S. physicians.

Physicians Interactive’s acquisition of Quantia, Inc., reflects PI’s continuing commitment to supplying  the best in expert medical content, tools and resources to healthcare professionals by integrating a digital physician community that enhances clinical decision-making, along with a talented team steeped in highly effective, online physician engagement.

“Healthcare professionals are inundated by data and, more than ever, need a solution that offers targeted medical information, education and peer-to-peer physician networks that keep them abreast of the latest in evidence-based medicine – and help ensure that they can deliver the best care to their patients,” said Donato Tramuto, Physicians Interactive Chairman and CEO. “By bringing Physicians Interactive and Quantia together, we continue to develop new ways to provide our customers, including health systems and life sciences companies, with the leading digital and mobile engagement platforms to help improve the quality and value of healthcare delivery.”

“On QuantiaMD, physicians average more than 20 minutes per session, learning from experts and peers within a highly dynamic web and mobile community,” said Nick Werthessen, Quantia Chief Operating Officer. “By combining our community with Physicians Interactive’s digital health platform, we can offer an unmatched level of healthcare professional reach and engagement to our customers, while empowering physicians to save time and enhance care via innovative digital and social technologies.”

About Quantia, Inc.

Quantia is on a mission to nurture the wisdom of the physician community – and tap into it to deliver better care. Every day, our membership of over 225,000 physicians (about one in three nationwide) visits the award-winning web and mobile community, QuantiaMD, to learn from top experts and collaborate on a wide range of topics. Our blend of expert-led content, gamification, and social framework creates an environment physicians want to explore, serving up high quality interactions that inspire change. Health systems and life sciences organizations use this platform to boost engagement among physicians, improving performance and delivering higher quality, more consistent care. Visit www.quantia-inc.com for more information.

About Physicians Interactive

Physicians Interactive has the largest global, digital health platform that engages and empowers consumers and healthcare professionals with instant access to content, solutions and data to improve health outcomes. The company provides payers, retailers and life sciences companies with sophisticated digital engagement solutions to reach, message, educate and change behaviors. Visitwww.physiciansinteractive.com for more information.

July 23, 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.

Modernizing Medicine Announces Agreement to Acquire gMed

Boca Raton, Florida July 22, 2015 Modernizing Medicine, Inc. announced today that it has signed a definitive agreement to acquire Weston, Florida-based gMed, Inc.

The acquisition is expected to increase Modernizing Medicine’s gastroenterology market share with the addition of gMed’s electronic health record (EHR) system, endoscopy report writer, practice management solution, patient portal, data analytics tool and revenue cycle management.

“As a provider of EMR systems plus billing, revenue cycle management and inventory management solutions for medical specialties, the acquisition of gMed fits Modernizing Medicine’s specialty-specific focus and strengthens our product portfolio,” said Dan Cane, CEO and co-founder of Modernizing Medicine. “gMed’s gGastro product functionality complements our own EMA Gastroenterology™ EMR system and is compatible with our product development and growth strategy to be the industry’s foremost specialty-specific vendor.”

Modernizing Medicine’s acquisition of gMed is subject to certain customary conditions to closing. Pending fulfillment of such conditions, Modernizing Medicine currently anticipates closing the transaction in the third quarter of 2015.

“This acquisition aligns with our mission to offer the best gastroenterology-specific solutions and allows us to capitalize on our joint successes in the specialty EMR system market,” said Joe Rubinsztain, MD, CEO and founder of gMed. “We believe that blending our teams and areas of expertise will result in increasingly transformational products and services to better address the needs of more than 12,000 U.S. gastroenterologists and their staff.”

Rubinsztain will hold the title of President of gMed and become a part of the Modernizing Medicine senior management team following the closing. “I have watched the rapid growth of Modernizing Medicine and admire the reputation the company has gained in the market with its cloud, mobile and data-driven third generation EMR system, said Rubinsztain. “I expect this transaction to create greater benefits for end users and the most differentiating and comprehensive gastroenterology-specific products.”

About Modernizing Medicine

Modernizing Medicine® is transforming how healthcare information is created, consumed and utilized in order to increase efficiency and improve outcomes. Our flagship product, Electronic Medical Assistant® (EMA™), is a cloud-based, specialty-specific electronic medical records (EMR) system built by practicing physicians. Available as a native iPad application and from almost any web-enabled Mac or PC, EMA adapts to each provider’s unique style of practice. This ICD-10 ready EMR system is available for the dermatology, ophthalmology, orthopedics, otolaryngology, gastroenterology, urology and plastic surgery markets and used by over 6,000 providers in the United States and its territories. The Modernizing Medicine family of companies also provides specialty-specific billing and inventory management. Follow Modernizing Medicine on Twitter at www.modmed.com/twitter and on Facebook at www.modmed.com/facebook.

About gMed

gMed provides the gastroenterology industry with a fully integrated platform consisting of an Electronic Health Record, Endoscopy Report Writer, Practice Management solution, Patient Portal, a Data Analytics tool and Revenue Cycle Management. Fully scalable through the cloud or using an on-site server, gMed’s products are all Meaningful Use Certified and ICD-10 compliant.

July 22, 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.

IBM Acquires Explorys to Accelerate Cognitive Insights for Health and Wellness

Armonk, NY and Cleveland – 13 April 2015: IBM (NYSE: IBM) today announced it has acquired Explorys, a healthcare intelligence cloud company that has built one of the largest clinical data sets in the world, representing more than 50 million lives. The acquisition strengthens IBM’s leadership position in healthcare analytics and cloud computing, and will help bolster its ability to extract and share deep insights to improve wellness and benefit patients.

Since its spin-off from the Cleveland Clinic in 2009, Explorys has secured a robust healthcare database derived from numerous and diverse financial, operational and medical record systems comprising 315 billion longitudinal data points across the continuum of care. This powerful body of insight will help fuel IBM Watson Health Cloud, a new open platform that allows information to be securely de-identified, shared and combined with a dynamic and constantly growing aggregated view of clinical, health and social research data.

Explorys provides secure cloud-based solutions for clinical integration, at-risk population management, cost of care measurement, and pay-for-performance. Headquartered in Cleveland, Explorys clients include some of the most prominent healthcare systems in the United States, together accounting for over $69 billion in care, 360 hospitals and more than 317,000 providers. Explorys’ HIPAA-enabled cloud-computing platform is used by 26 healthcare systems and clinically integrated networks to identify patterns in diseases, treatments and outcomes. Its network includes Cleveland Clinic, Trinity Health, St. Joseph Health System, Mercy Health, Adventist Health System and many others with patients across the country. Market intelligence firm IDC just named Explorys global leader in Healthcare Clinical and Financial Analysis.

“As healthcare providers, health plans and life sciences companies face a deluge of data, they need a secure, reliable and dynamic way to share that data for new insight to deliver quality, effective healthcare for the individual,” said Mike Rhodin, senior vice president, IBM Watson. “To address this opportunity, IBM is building a holistic platform to enable the aggregation and discovery of health data to share it with those who can make a difference. With Explorys, IBM will accelerate the delivery of IBM Health Cloud and IBM Watson cognitive solutions to model and apply medical evidence and large scale analytics to data.”

“Every encounter that a patient has across the continuum of care spins off a meaningful piece of data that can help tell the whole story about an individual’s health to improve the quality and effectiveness of their care,” said Stephen McHale, CEO and co-founder, Explorys. “Information is changing the way care is delivered and paid for. The combination of Explorys technology with IBM’s powerful Health Cloud and Watson cognitive capabilities will expand the reach of health insights so that Big Data can finally be used more easily to transform healthcare. This relationship will not only accelerate but enhance many of the projects underway with our provider organizations.”

Explorys is now part of IBM’s new Watson Health unit, launched today. Its offerings complement and strengthen the IBM Watson Health Cloud platform and will empower IBM’s vast ecosystem of clients, partners and medical researchers to surface new connections among diverse and previously siloed healthcare data sets. Access to these insights is expected to spur the creation of a new generation of data-driven applications and solutions designed to advance health and wellness.

Financial terms were not disclosed.

About Explorys

Originally inspired by physicians and informatics leaders, Explorys combines the most powerful healthcare computing platform in the world with turnkey solutions for clinical integration, at-risk population management, cost of care measurement, and pay-for-performance solutions. Explorys addresses the national imperative to leverage Big Data in healthcare for the improvement of medicine and delivery of care. For more information, please visit www.explorys.com.

About IBM Watson Health

IBM and its vast ecosystem of clients, partners and medical researchers are accelerating the development of a new generation of data-driven applications and solutions built on IBM Health Cloud and IBM Watson cognitive solutions to advance health and wellness. For more information, please visit ibm.com/watsonhealth.

April 15, 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.

Quality Systems, Inc. Acquires Gennius, Inc.

Acquisition to provide new enterprise analytics capabilities for QSI’s Subsidiary, Mirth

IRVINE, Calif.–(BUSINESS WIRE)– Quality Systems, Inc. (NASDAQ: QSII), announced today it has acquired Gennius, a leading provider of healthcare data analytics. The acquisition is expected to enhance the Company’s current enterprise analytics competencies while broadening its business intelligence capabilities for addressing new value-based care requirements.

Founded in 2002, Cambridge, Mass.-based Gennius is a healthcare analytics company with capabilities to harmonize data to prepare and compute utilization and quality analyses of integrated patient, administrative, and financial data across medical settings and time periods. Its solutions generate comprehensive performance information needed to successfully support provider organizations under new coordinated delivery and reimbursement models.

Gennius’ data analytics engine embeds industry specifications as well as payer contract requirements into functionality that provides prioritized actionable insight into patient care, population health and ACO community performance. This includes computing and submitting measurement results for reporting programs, such as Meaningful Use (MU), Accountable Care Organizations (ACO), Group Practice Reporting Option (GPRO) and Physician Quality Reporting System (PQRS).

“Gennius is pleased to join forces with QSI and its subsidiaries, Mirth and NextGen Healthcare,” said Bernadette Downey, former chief executive officer for Gennius, Inc. “By combining our engineering expertise and methodologies with Mirth’s premier open source connectivity tools and powerful visualization console, we are able to provide customers with access to an unparalleled enterprise system. The system affords users an in-depth data-driven approach to care and helps healthcare community teams align their efforts, succeed in meeting their financial goals and deliver on their population health initiatives.”

“Utilization and quality of care remain consistent focuses of value-driven organizations. To remain viable, value-driven organizations like ACOs must find ways to leverage agile solutions that can scale and adapt to industry demands, dictated by evolving value-based and coordinated care initiatives,” said Steve Plochocki, president and chief executive officer for QSI. “By integrating Gennius’ extensive data analytics and reporting capabilities with NextGen Healthcare and Mirth solutions, we are bringing to market the analytics-based enterprise system needed to provide actionable data intelligence to all agents involved in the community of care delivery. This further strengthens the position of the company and that of our clients for continued success and growth amid the new pay for performance arena.”

About Quality Systems, Inc.

Irvine, Calif.-based Quality Systems, Inc. and its NextGen Healthcare subsidiary develop and market computer-based practice management, electronic health records and revenue cycle management applications as well as connectivity products and services for medical and dental group practices and small hospitals. Visit www.qsii.com and www.nextgen.com for additional information.

April 9, 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.