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McKesson and Change Healthcare to Form New Healthcare Information Technology Company

  • New entity to combine majority of McKesson Technology Solutions and Change Healthcare into separate company positioned to address the healthcare industry’s emerging and most pressing challenges.
  • Transaction to create new company with $3.4 billion in pro forma combined total annual revenues for the fiscal year ended March 31, 2016.
  • Brings together broad portfolio of complementary capabilities to deliver wide-ranging financial, operational and clinical benefits to payers, providers, and consumers.
  • McKesson and Change Healthcare will own approximately 70% and 30%, respectively, of the new company and will receive cash proceeds of approximately $1.25 billion and $1.75 billion, respectively, following the close of the transaction.
  • The new company will be jointly governed by McKesson and Change Healthcare and is expected to generate in excess of $150 million in annual synergies by the second year following the close of the transaction.

SAN FRANCISCO & NASHVILLE, Tenn.–(BUSINESS WIRE)–McKesson Corporation (NYSE:MCK), a leading global healthcare services and information technology company, and Change Healthcare Holdings, Inc., a leading provider of software and analytics, network solutions and technology-enabled services, today announced the creation of a new healthcare information technology company. The entity will combine substantially all of Change Healthcare’s business and the majority of McKesson Technology Solutions (MTS) into a new company with fiscal year end March 31, 2016 pro forma combined total annual revenues of $3.4 billion.

The new organization brings together the complementary strengths of MTS and Change Healthcare to deliver a broad portfolio of solutions that will help lower healthcare costs, improve patient access and outcomes, and make it simpler for payers, providers, and consumers to manage the transition to value-based care. As a separate entity singularly focused on healthcare technology and technology-enabled services, the new organization will be positioned to better respond to customer needs and deliver next-generation innovations.

McKesson has scheduled a conference call for today June 28, 2016, at 8:45 AM ET, to discuss the transaction. Details for the conference call are included later in this press release. For more information on the transaction, visit http://www.healthtechtransformation.com.

“This is a bold, innovative transaction that creates a company with an enhanced ability to help customers address their increasingly complex financial and clinical challenges,” said John H. Hammergren, chairman and chief executive officer, McKesson Corporation. “The new company will establish a more efficient suite of end-to-end payment and claims solutions, as well as clinical capabilities, while unlocking the value of our MTS businesses in a tax-efficient manner. We look forward to partnering with Change Healthcare’s management team and employees to create this new enterprise and to help customers reduce complexity, lower costs and ultimately provide better care.”

“The combination of these two entities comes at a transformational time in U.S. healthcare,” commented Neil de Crescenzo, president and chief executive officer, Change Healthcare. “Together we will create significant value by bringing together complementary capabilities from both organizations to deliver innovative new solutions for customers, create opportunities for team members at a leading healthcare technology company, and drive advancements that address the three critical areas of cost, quality and outcomes across the healthcare sector.”

The new company will be able to offer health plans and providers a comprehensive suite of end-to-end financial and payment solutions and technologies. In addition, customers will benefit from solutions that help them manage administrative and clinical complexity as they navigate the transition to value-based care. Patients will have better tools that allow them to make more informed decisions, helping them maximize their healthcare dollars and receive high quality care.

“We are extremely pleased to be part of this important new company,” said Neil P. Simpkins, senior managing director of Blackstone. “The innovative track records and forward-thinking experiences of both organizations create a truly unique opportunity for positive impact across the healthcare ecosystem.”

Transaction Terms and Structure

Under the terms of our agreement, McKesson will contribute the majority of its McKesson Technology Solutions businesses to the new company, with the exception of RelayHealth Pharmacy and its Enterprise Information Solutions (EIS) division, which will be retained by McKesson. McKesson separately announced today that it will explore strategic alternatives for its EIS division.

Change Healthcare will contribute all of its businesses to the new company, with the exception of its pharmacy switch and prescription routing business, which will be owned separately by the current Change Healthcare stockholders. Change Healthcare is currently majority-owned by Blackstone.

McKesson will own approximately 70% of the new company, with the remaining equity stake held by Change Healthcare stockholders, which includes Blackstone and Hellman & Friedman. McKesson and Change Healthcare stockholders will jointly govern the new company and John H. Hammergren will serve as chairman. Neil de Crescenzo will serve as chief executive officer, joined by an experienced management team comprised of leaders from both McKesson and Change Healthcare.

Financial Highlights

The transaction unlocks value for McKesson and Change Healthcare stockholders by creating a new company with a singular focus on healthcare technology and technology-enabled services, and is expected to generate in excess of $150 million in annual synergies by the second year following the close of the transaction.

The new company has received commitments for $6.1 billion of funded debt related to this transaction, with proceeds to be used to repay approximately $2.7 billion of existing Change Healthcare debt, make $1.25 billion in cash payments to McKesson and make $1.75 billion in cash payments to Change Healthcare’s stockholders, with the remainder to be used for transaction-related expenses.

The transaction is subject to closing conditions, including antitrust clearance and the completion of audited financial statements of the MTS businesses being contributed to the new company, and is expected to close in the first half of calendar year 2017. The agreement provides that McKesson and Change Healthcare will take steps to launch an initial public offering in the months following the close of the transaction, subject to market conditions. Thereafter, McKesson expects to exit its investment in the new company in a tax-efficient manner.

Conference Call Details

McKesson has scheduled a conference call for today June 28, 2016, at 8:45 AM ET to discuss the transaction. The dial-in number for individuals wishing to participate on the call is 719-234-7317. Craig Mercer, senior vice president, Investor Relations, McKesson Corporation, is the leader of the call and the password to join the call is ‘McKesson’. The live webcast and supplementary slide presentation for the conference call can be accessed on the company’s Investor Relations website athttp://investor.mckesson.com.

A telephonic replay of this conference call will be available for five calendar days. The dial-in number for individuals wishing to listen to the replay is 719-457-0820 and the pass code is 2040084.

About McKesson Corporation

McKesson Corporation, currently ranked 5th on the FORTUNE 500, is a healthcare services and information technology company dedicated to making the business of healthcare run better. McKesson partners with payers, hospitals, physician offices, pharmacies, pharmaceutical companies, and others across the spectrum of care to build healthier organizations that deliver better care to patients in every setting. McKesson helps its customers improve their financial, operational, and clinical performance with solutions that include pharmaceutical and medical-surgical supply management, healthcare information technology, and business and clinical services. For more information, visit www.mckesson.com.

About Change Healthcare

Change Healthcare is a leading provider of software and analytics, network solutions and technology-enabled services that optimize communications, payments and actionable insights designed to enable smarter healthcare. By leveraging its Intelligent Healthcare Network™, which includes the single largest financial and administrative network in the United States healthcare system, payers, providers and pharmacies are able to increase revenue, improve efficiency, reduce costs, increase cash flow and more effectively manage complex workflows. Learn more at www.changehealthcare.com.

About Blackstone

Blackstone has been a global leader in private equity since 1985, with $95 billion of assets under management. Blackstone uncovers value by identifying great companies and enhancing their performance by providing strategic capital and outstanding management talent. Blackstone aims to grow stronger enterprises, create jobs, and enable its portfolio companies to build lasting value for its investors, their employees and all stakeholders.

Blackstone is one of the world’s leading investment firms. It seeks to create positive economic impact and long-term value for its investors, the companies it invests in, and the communities in which it works. This is done by using extraordinary people and flexible capital to help companies solve problems. Its asset management businesses, with over $340 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

June 28, 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.

Navicure Partners with Bain Capital Private Equity to Continue Growth and Expand Healthcare Technology Platform

Investment to fuel growth from new products and expansion to new market segments

DULUTH, GA and BOSTON, June 15, 2016 – Navicure, a leading provider of cloud-based claims management and patient payment solutions for physician practices and hospitals, today announced the signing of a definitive agreement to receive a strategic investment from Bain Capital Private Equity, a leading global private investment firm.  Financial terms of the private transaction were not disclosed.

Navicure, which is headquartered in Duluth, Georgia, will continue to be led by current CEO and founder, James M. Denny, Jr. and his executive team.  They will retain a meaningful interest in the business.  Selling shareholders include JMI Equity and other minority investors.

Navicure’s subscription-based software solutions help healthcare organizations of all sizes increase revenue, accelerate cash flow, and reduce the costs associated with managing insurance claims and patient payments.  Serving more than 90,000 healthcare providers nationwide, Navicure’s integrated revenue cycle management platform automates accounts receivable processes, and assures timely and accurate billing and collection from payers and patients.  The Company’s solutions help healthcare providers effectively handle claims management, patient eligibility verification, remittance and denial management, appeals, posting, reporting and analysis, and patient payment collections at and near the time of service.

Denny, who founded the business in 2001, said about the partnership, “We are proud that Navicure, for over 15 years, has helped thousands of healthcare organizations from large health systems to solo practices improve their financial results with less effort through the use of our SaaS-based solutions. Their success is our success.  We remain committed to our mission of developing innovative solutions that enable our clients to stay one step ahead. We believe the resources and experience of Bain Capital Private Equity give us an important advantage as we continue to grow our business and deliver an even wider array of differentiated solutions to our clients.”

Bain Capital Private Equity has a history of successful investments in a variety of healthcare and information technology businesses including Applied Systems, Viewpoint Construction Software, Blue Coat Systems, BMC Software, HCA Healthcare, Beacon Health Options, Physio-Control, Quintiles Transnational and CRC Health Group.

Chris Gordon, a Managing Director on Bain Capital Private Equity’s healthcare industry team, said about the investment, “Jim Denny and his team are at the forefront of developing innovative solutions that help healthcare providers manage an increasingly complex healthcare reimbursement ecosystem.  Leveraging technology and data to automate revenue cycle management is vital in light of economic pressure from payers, the shift of more payments to consumers, and the important role providers play in managing the cost and quality of healthcare.”  David Humphrey, Managing Director on Bain Capital Private Equity’s TMT industry team, added, “Navicure’s SaaS platform gives the Company the unique ability to provide clients with cutting-edge solutions combined with excellent service and exceptional financial results.”

The transaction is expected to close in July 2016.  Aeris Partners LLC served as the exclusive M&A advisor, and Jenner & Block acted as legal counsel, to Navicure. Ropes & Gray LLP is serving as legal counsel, and PwC LLP is serving as accounting advisor to Bain Capital Private Equity.  Committed financing for the transaction is being provided by Antares Capital serving as administrative agent and lead arranger, and Bain Capital Credit, Capital One Healthcare and NXT Capital serving as joint lead arrangers.

June 15, 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.

Mississippi Division of Medicaid Leverages MedeAnalytics to Become First Medicaid Agency in the Nation to Exchange Clinical Data in Real-Time

Data Analytics Leader Establishes Interface between Medicaid and State’s Largest Medicaid Provider

Emeryville, CA – (March 8, 2016) – Today MedeAnalytics and the Mississippi Division of Medicaid (DOM) announced that DOM has become the nation’s first Medicaid agency to send and receive clinical data in real-time with a health system using the Epic medical records system. The agency worked with MedeAnalytics and Epic to provide Medicaid data to the state’s largest provider of care to Medicaid patients, the University of Mississippi Medical Center (UMMC). The connection is powered by MedeAnalytics, a leader in healthcare analytics.

This accomplishment means that UMMC doctors can now review the electronic medical history of DOM patients, allowing them to quickly make better-informed decisions. “Giving doctors and nurses access to important information such as medications, diagnoses and allergies ensures that they can make the best care decisions for Medicaid patients,” said Dr. John Showalter, chief health information officer of UMMC.

MedeAnalytics established and standardized DOM’s Medicaid Enterprise Master Patient Index (EMPI). The standardized EMPI, a multi-year initiative, serves as the core identity management service to allow easy management of a patient’s longitudinal record improving patient safety and care.

“As part of our commitment to provide quality health coverage for vulnerable Mississippians, we are proud to have established one of the nation’s first interfaces between Medicaid and Epic to share Medicaid clinical data with the state’s largest Medicaid provider,” said David J. Dzielak, executive director of the Mississippi Division of Medicaid.

MedeAnalytics first helped DOM lay the groundwork for this effort by creating an EMPI and single patient identifier in 2014. They accomplished this by analyzing and de-duplicating more than a decade of medical records from 2.3 million Medicaid beneficiaries. The process resulted in a unique longitudinal patient record for over 750,000 Medicaid and Children’s Health Insurance Program (CHIP) beneficiaries. MedeAnalytics worked with DOM to make the data accessible through a Medicaid provider portal, then began the next phase of the project: standardization of the Medicaid clinical EMPI to support a clinical data interface with external stakeholders.

“After years of working with our technology partners to build a foundation consisting of an EMPI and clinical data repository, we can now instantly share patient summaries with external stakeholders, such as UMMC. This real-time access to beneficiary data will improve insight into beneficiary health trends, empower better care decisions and much more,” said Rita Rutland, DOM deputy administrator of information technology management.

Now, DOM and UMMC can interact to share Consolidated-Clinical Document Architecture (C-CDA) patient summaries through UMMC’s Epic electronic health record (EHR). MedeAnalytics expects to receive approximately 3,500 clinical inquiries per day from UMMC and will send the corresponding clinical summaries for Medicaid beneficiaries in response.

“We are excited to have achieved this level of interoperability. Securely exchanging our patients’ data with Medicaid advances our mission to provide the safest, most advanced care for patients across the region,” said Dr. Showalter. “With the ability to access DOM’s patient information at the point of care, we are not only improving patient safety, but are also helping to ensure that the beneficiary’s longitudinal record is always current.”

The benefits of real-time access to beneficiary data for DOM and UMMC include:

  • Emergency room care

o   Urgent care treatment decisions are more informed with a complete patient record, including an allergies list.

o   The cause and frequency of visits is readily available to help providers prevent future unnecessary readmissions.

  • Case management

o   Medicaid utilization and remaining benefits can be quickly accessed.

o   Referrals for additional services are easily identified.

  • Care Management

o   Immunization records and alerts will ensure beneficiaries are receiving the most up-to-date care.

o   Tobacco use information is available to providers.

“Mississippi DOM continues to be a model agency for the nation and it has been a great privilege to partner with them over the years to set the building blocks for clinical data exchange,” said Andrew Hurd, MedeAnalytics CEO. “By standardizing the EMPI and extending this information to the provider portal, Medicaid beneficiaries will benefit from having their complete medical history available at the point of care, which will improve both safety and care outcomes.”

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About Mississippi Division of Medicaid

Medicaid is a state and federal program created by the Social Security Amendments of 1965 (PL 89-97), authorized by Title XIX of the Social Security Act to provide health coverage for eligible, low income populations. In 1969, Medicaid was enacted by the Mississippi Legislature. All 50 states, five territories of the United States and District of Columbia participate in this voluntary matching program. The mission of the Mississippi Division of Medicaid is to responsibly provide access to quality health coverage for vulnerable Mississippians by conducting operations with accountability, consistency and respect.

About University of Mississippi Medical Center

The University of Mississippi Medical Center, located in Jackson, is the state’s only academic health science center. UMMC includes six health science schools: medicine, nursing, dentistry, health related professions, graduate studies and pharmacy. (The School of Pharmacy is headquartered on the University of Mississippi campus in Oxford.) Enrollment in all programs is more than 3,000 students.

The Medical Center’s missions are to improve the lives of Mississippians by educatingtomorrow’s health-care professionals, by conducting health sciences research, and by providing cutting-edge patient care. A major goal of the Medical Center is the elimination of differences in health status of Mississippians based on race, geography, income or social status.

About MedeAnalytics
MedeAnalytics provides evidence-based insights to solve a real problem that plagues healthcare – how to use the immense amount of patient data collected along the care continuum to deliver cost-effective care and promote a healthier population. Its analytics platform delivers intelligence that helps healthcare organizations detect their greatest areas of risk and identify opportunities to improve their financial health. It empowers providers and payers to collaborate and use data to strengthen their operations and improve the quality of care. MedeAnalytics’ cloud-based tools have been used to uncover business insights for over 1,500 healthcare organizations across the United States and United Kingdom. The company has also been named one of Modern Healthcare’s top 100 Best Places to Work in Healthcare for 2014 and 2015.

March 8, 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.

GE Healthcare Acquires Leading Healthcare Advisory Firm, The Camden Group

BARRINGTON, Ill., November 9, 2015 — GE Healthcare (NYSE: GE) announced today it is expanding its U.S. healthcare consulting business with the acquisition of The Camden Group, one of the nation’s leading population health & strategic advisory firms. GE Healthcare Camden Group will act as the U.S. business unit of GE Healthcare’s global advisory firm, GE Healthcare Partners. GE Healthcare Camden Group will be uniquely equipped to enable U.S. healthcare organizations to navigate the transforming healthcare industry by combining The Camden Group’s visionary leadership in healthcare consulting for more than 2,000 healthcare organizations with GE Healthcare’s clinical and leadership expertise around the world.  Terms of the transaction are not being disclosed.

Today’s healthcare organizations need partners who can help design and activate solutions that deliver care effectively and efficiently amidst evolving reimbursement structures. Combining GE Healthcare Partners and The Camden Group’s capabilities will allow the firm to deliver strategic and financial consulting to healthcare organizations, as well as advisory consulting on population health management, value-based care, clinical integration and care redesign across the continuum.

“By teaming up with GE Healthcare Partners, the combined firm is one of the largest healthcare consulting firms in the U.S.,” said Daniel J. Marino, an Executive Vice President of the new GE Healthcare Camden Group. “We are positioned well to assist clients as they navigate through post-healthcare reform and transition into value-based care. As a full-service firm, GE Healthcare Camden Group has the ability to provide a broad array of advisory and implementation services delivering distinct advantages and greater impact to our clients.”

GE Healthcare Camden Group’s trusted advisors will be able to help clients transform operational productivity through unique, integrated solutions that combine expertise with complex modelling and financial analytics for powerful, outcomes-based results. The group has deep domain knowledge in hospital operations, physician practice transformation, transactions, performance improvement and change management.

Laurent Dubois, CEO of GE Healthcare Partners, said, “Health systems are seeking to deliver care and manage their organizations as effectively as possible. Bringing The Camden Group and its team of industry-recognized thought leaders and advisors into the GE family expands our breadth to support clients not only in the clinical arena, but across entire health systems.”

The acquisition builds on GE Healthcare’s broader mission to develop analytics-based solutions that deliver transformational, enterprise-wide outcomes for healthcare. Last year, GE Healthcare acquired Finnamore and Foresight Partnership to further expand its consultancy and solutions business globally.

Laura Jacobs, an Executive Vice President of the new GE Healthcare Camden Group said, “This blending of capabilities, experience, and resources creates a unique offering for the healthcare industry. We are excited to join the GE Healthcare family and provide our clients access to the analytics, change management, and activation resources that will support the organizational and clinical changes required to be successful in healthcare now and into the future.”

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About GE Healthcare

GE Healthcare provides transformational medical technologies and services to meet the demand for increased access, enhanced quality and more affordable healthcare around the world. GE Healthcare (NYSE: GE) works on things that matter – great people and technologies taking on tough challenges. From medical imaging, software & IT, patient monitoring and diagnostics to drug discovery, biopharmaceutical manufacturing technologies and performance improvement solutions GE Healthcare helps medical professionals deliver great healthcare to their patients. http://www.gehealthcare.com

As the management consulting arm of GE Healthcare, Partners is a diverse team of consultants with a passion to help leading organizations manage the interdependencies between cost, quality and access. As an activation partner for clients, Partners collaborates to design strategy, formulate improvements and achieve measureable results and outcomes – implemented to change the way care is delivered. Working side by side with clients, Partners brings together advisory services, advanced analytics, and a world-renowned approach to individual and group change acceleration. By thoroughly transferring critical tools and methods, Partners enables clients to preserve and advance improvements in the long-term. http://partners.gehealthcare.com

About The Camden Group

The Camden Group is one of the nation’s leading healthcare business advisory firms. The firm provides a broad array of healthcare consulting services to enable organizational, clinical, and operational transformation to respond to the rapidly changing healthcare environment. This includes services such as strategic and business planning; performance improvement; care model redesign and access improvement; physician compensation; mergers, acquisitions, and other transactions; physician-hospital alignment; clinical integration; payer strategy; and implementing accountable care organizations. Since its founding in 1970, The Camden Group has advised more than 2,000 health systems, medical groups, hospitals, outpatient facilities, post-acute providers, and other healthcare organizations nationwide. For more information, visit us online at www.thecamdengroup.com.

November 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.

Orion Health Awarded Defense Healthcare Management System Modernization Program Subcontract

Boston, MA, October 5, 2015—As a team member for the Leidos Partnership for Defense Health, Orion Health™ is pleased to be part of the team that has been awarded a contract by the Department of Defense (DoD) to provide an electronic health record (EHR) off-the-shelf solution, integration activities and deployment across the Military Health System. The contract, known as the Defense Healthcare Management System Modernization (DHMSM), is an initiative designed to modernize the military’s healthcare system in a meaningful way, enabling patients and clinicians to capture and share health data that can improve the continuity and quality of care for those who serve and have served our country and their families.

Modernizing the medical records of the millions of service members and their families is vitally important to DoD and our nation. DHMSM will continue the DoD’s leadership in utilizing the best healthcare technology, and can help improve medical outcomes and support the medical readiness of the U.S. military.

“Orion Health is proud to be part of the Leidos Partnership for Defense Health, the team that has been selected as the best value solution for the DHMSM contract,” said Paul Viskovich, President, Orion Health. “Together, our qualified and experienced team is working with the Department of Defense to deliver a world class interoperable electronic health records solution for our nation’s armed forces, their families and beneficiaries. We look forward to the work ahead and are committed to improving access to comprehensive healthcare data in order to facilitate improved clinical outcomes for our deserving men and women in uniform.”

The DoD has selected Orion Health’s Rhapsody Integration Engine®, which is designed for rapid interoperability between healthcare IT systems, regardless of technology or standards. Rhapsody will provide the required link between the DoD’s Cerner EHR system and the civilian facilities that provide care to over 50 percent of military personnel. Through continuous innovation, Rhapsody provides a comprehensive set of tools to simplify complex healthcare interoperability, and is the first integration engine to implement the new HL7® FHIR® standard.

Rhapsody is used by thousands of organizations in the United States and around the world, including hospitals, IDNs, software companies, public health agencies, health information exchanges (HIE), health plans and financial clearinghouses. The integration engine provides comprehensive support for an extensive range of communication protocols and message formats, and helps interface analysts and hospital IT administrators reduce their workload while meeting the complex technical challenges associated with making healthcare data accessible to all stakeholders.

About Orion Health, Inc.

Orion Health, a global leader in population health management, makes healthcare information available anywhere by providing healthcare IT connectivity in every U.S. state and in over 30 countries worldwide—facilitating care for tens of millions of patients every day. With an inherent ability to interconnect a wide variety of healthcare information systems, Orion Health’s Open Platform, with Rhapsody Integration Engine, facilitates data acquisition and aggregation within and among payer and provider organizations, accountable care organizations, governments and health information exchanges.  Open Platform stands alone as the foundation for population health management initiatives or can be combined with Orion Health’s own seamlessly integrated applications for analytics, care coordination, and patient engagement to enable end to end population health management, improve care coordination, enhance quality of care and help reduce costs. For more information, visit www.orionhealth.com. Connect with us on Twitter, Facebook and LinkedIn.

October 5, 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.

Pri-Med Uses Patient Panel Data to Create Precision CME™

Steward Health Care System Is First Accountable Care Organization (ACO) to Provide Personalized Education to Network Providers

BOSTON, MA–(Marketwired – September 15, 2015) – Pri-Med, a trusted source for continuing medical education (CME) to over 275,000 primary care providers (PCPs), today announced the launch of Precision CME™, a data-informed learning platform that uses clinician practice patterns as the basis for personalized clinical education. Steward Health Care System, a national leader in accountable care, will begin offering Precision CME to its primary care providers beginning in Q3 2015.

The proprietary Precision CME engine uses actual practice patterns to deliver personalized CME to providers who care for patients covered under risk and pay-for-performance contracts. Clinicians can access evidence-based learning at Pri-Med’s Peer-2-Peer conferences or via Panel Insights™, an iPad App that is similarly fueled by ACO source data. Education (and outcomes) are mapped against Quality Measures, creating a continuous cycle of data-informed assessment, personalized learning, and constructive feedback to help providers improve health outcomes and reduce costs.

“With Medicare’s aggressive goal of tying 50 percent of reimbursements to Quality Measures by the end of 2018, helping PCPs understand their practice patterns in the context of patient risk is essential,” said John Sheehan, President and COO, DBC Pri-Med LLC. “Precision CME transforms the ‘top-down’ educational needs-assessment process into a ‘bottom-up’ personalized model that supports clinicians where they need it most.”

“As an organization, we seek new and innovative ways to improve outcomes and ensure our physicians have the tools necessary to meet the needs of their patients,” said Dr. Sanjay Shetty, President of Steward Health Care Network. “Precision CME provides us with a vehicle to deliver CME that is clinically relevant to the needs of our patients while also optimizing use of our providers’ time. This innovative approach ensures each physician gets customized education and will improve the care that we deliver as an integrated system.”

About Pri-Med
Pri‐Med is an operating division of Diversified Communications and has been a trusted source for knowledge resources to over 275,000 primary care providers and specialists since 1995. Based in Boston, MA, Pri-Med’s portfolio includes live (‘peer-2-peer’) medical education conferences in 33 U.S. cities; an extensive digital portfolio of medical education available at www.pri-med.com; electronic health records with office-based Amazing Charts™ and cloud-based Pri-Med InLight™; and a live and digital knowledge platform in the United Kingdom for General Practitioners.

September 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.

Chiron Health Partners with athenahealth’s ‘More Disruption Please’ Program to Bring Telemedicine to Physician Practices

Austin, TX – September 14, 2015 – Chiron Health, Inc., a leading provider of HIPAA-compliant video visit technology and reimbursement services, today announced that it has partnered with athenahealth® through athenahealth’s More Disruption Please (MDP) program. Chiron Health is now part of the athenahealth Marketplace offerings. Together, the companies will work to link athenahealth’s growing network of more than 67,000 health care providers with the capabilities of Chiron Health so they can more efficiently deliver remote follow-up care through HIPAA-compliant video conferencing.

“The healthcare industry has been talking about the promise of telemedicine for years,” said Andrew O’Hara, Chiron Health’s Founder and CEO. “This partnership now allows thousands of athenahealth clients to seamlessly integrate video visits into their existing clinical workflow. We believe this is a major step forward in outpatient telemedicine that will enable physician practices across the country to provide more convenient access to patients.”

Chiron Health is helping both physicians and mid-level providers connect with patients from home or work by using their existing devices. “From routine follow-ups like reviewing labs or adjusting medications, to minor urgent care issues, video visits are an ideal way to provide high-quality care to patients without the hassle of an office visit,” noted O’Hara. “For these lower acuity visits that don’t require a physical exam, practices are seeing significant productivity and patient satisfaction gains by offering telemedicine.”

An important companion to Chiron Health’s video visit technology, and a natural extension of athenahealth’s cloud-based billing services, the company has also introduced the Chiron Rules Engine®, an industry-first telemedicine insurance rules database that verifies the eligibility of every patient to ensure telemedicine reimbursement.

“One of the biggest barriers to the adoption of telemedicine over the last decade has been complicated regulation and reimbursement,” said O’Hara. “That’s why we’ve spent the last two years building the industry’s most robust telemedicine rules engine, and why we’re proud to offer the Chiron Reimbursement Guarantee® ― full reimbursement for video visits from private payers, or we’ll reimburse the claim ourselves.”

Chiron Health’s telemedicine offering is now available in the athenahealth Marketplace, allowing athenahealth practices to easily activate HIPAA-compliant video visits in athenaNet.

To learn more about athenahealth’s MDP program and partnership opportunities please visit www.athenahealth.com/disruption.

About Chiron Health, Inc.
Chiron Health is the only platform designed to get physician practices fully reimbursed for secure video visits. Our extensive knowledge of telemedicine regulation and reimbursement allows us to guide practices through the complexities of telemedicine. The result? Guaranteed reimbursement. For more information, visit www.chironhealth.com/athenahealth.

September 8, 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.

ZocDoc Raises $130 Million in New Funding Round

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

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

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

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

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

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

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

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

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

August 20, 2015 I Written By

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

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

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.

eHealth Technologies and Orion Health Announce Partnership

Partnership Enables North Dakota Health Information Network Access to Medical Images, Providing a Comprehensive View of the Patient Record

Rochester, N.Y., June 9, 2015eHealth Technologies, the leading provider of image exchange solutions and Orion Health, a global population health management and healthcare integration company, announced today that they have partnered to enable North Dakota Health Information Network (NDHIN) to provide healthcare providers across the entire state of North Dakota with access to medical images as a part of the state-wide Health Information Exchange (HIE).

eHealth Technologies and Orion Health have signed a strategic partnership agreement that incorporates eHealth Connect® Image Exchange into the Orion Health Open Platform, enabling its users to access, view, compare and transfer fully diagnostic quality medical images such as x-ray, Computed Tomography, Magnetic Resonance Imaging and Ultrasound studies from anywhere they can access the Orion Health platform. Both companies are committed to delivering the critical and relevant health information needed by providers to care for patients when, where and how they need it.

“The partnership between eHealth Technologies and Orion Health will ensure that providers using NDHIN can access and share diagnostic quality medical images through our Open Platform. This partnership will help us positively affect patients’ health by minimizing radiation exposure from unnecessary duplicate imaging exams, while also reducing the cost of care,” said BG Jones, Vice President, Global Partner Alliances, Orion Health.

Gary Larson, Executive Vice President & General Manager, HIE Solutions for eHealth Technologies noted “Our partnership with Orion Health will allow healthcare providers to access their patients’ images from any external connected facility in full diagnostic quality, on a unified image viewing platform with no software to install, in the context of the complete patient record. Physicians will be able to securely collaborate to make care coordination across multiple facilities more efficient and effective.”

Mr. Sheldon Wolf, Health Information Technology Director, NDHIN also expressed excitement about the physician collaboration that is now possible with an image enabled HIE: “Image-enabling NDHIN will equip our providers with the tools they need to conduct real-time image consultations with other caregivers for a faster and more complete diagnosis and treatment. Being able to quickly connect providers with the information they need in sparsely populated areas will greatly enhance patient care.”

About Orion Health Inc.

Orion Health, a population health management company, makes healthcare information available anywhere by providing healthcare IT connectivity in nearly every U.S. state and in over 30 countries worldwide—facilitating care for tens of millions of patients every day. With an inherent ability to interconnect a wide variety of healthcare information systems, Orion Health facilitates data exchange within and among provider organizations, accountable care organizations, health plans, governments and health information exchanges, to improve care coordination, enable population health management, enhance quality of care and help reduce costs. For more information, visit www.orionhealth.com. Connect with us on Twitter, Facebookand LinkedIn.

About eHealth Technologies

eHealth Technologies is the industry-leading provider of continuity of care solutions, serving over half of the nation’s top 100 hospitals, including 12 of the top 17 U.S. News & World Report Honor Roll Hospitals for 2014-2015, and leading health information exchanges (HIEs) across the United States. The company’s eHealth Connect® Referral Pathways solution enhances patient and physician satisfaction by streamlining transitions of care, and assuring physicians have the right healthcare information to care for their patients, right when they need it. As a critical adjunct to HIEs, eHealth Connect® Image Exchange enables the automated access to all types of medical images in the context of the aggregated patient record, in full diagnostic quality, and supports the ability for providers to meet Meaningful Use Stage 2 requirements.  For more information, visit www.eHealthTechnologies.com. Connect with us onTwitter, Facebook and LinkedIn.

About North Dakota Health Information Exchange Network

The mission of the NDHIN is to advance the adoption and use of technology to exchange health information and improve healthcare quality, patient safety and overall efficiency of healthcare and public health services of North Dakota.  The North Dakota Health Information Network creates a safe, secure connection for life’s critical moments. For more information, visit http://www.ndhin.org/.

June 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.