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VCS Merges With Medkinetics and Payor Enrollment Services

HOUSTON - AUGUST 26, 2014 – Vendor Credentialing Service (VCS), a leading provider of Software as a Service (SaaS) based healthcare compliance and credentialing solutions, today announced a merger with Medkinetics and Payor Enrollment Services. The combination creates the leading provider of compliance and credentialing software covering all constituents of the healthcare community, including physicians, nurses, staff, vendors, contractors and payors. 

“Each of the three companies has an established leadership position in its respective field,” said Rick Pleczko, President and CEO of VCS. “With this merger, healthcare organizations now have a single source provider for all their credentialing and compliance needs, across their entire organization.” 
 
“We’re excited to join forces with VCS,” said Jim Cox, President of Medkinetics and Payor Enrollment Services. “The combination creates the clear leader in the industry, bringing together professionals with many years of experience in healthcare compliance with state of the art technology enabling our customers to quickly and easily solve their compliance and credentialing challenges.”


The combined company will be headquartered in Houston and will maintain operations out of Franklin, Tenn., formerly the Medkinetics and Payor Enrollment Services headquarters.


VCS is a portfolio company of The CapStreet Group, and Healthcare Growth Partners served as financial advisor to VCS and CapStreet.


Neil Kallmeyer, Managing Partner at The CapStreet Group, added, “The completion of the VCS and Medkinetics/Payor Enrollment Services merger represents VCS’s second acquisition in less than two years. We continue to pursue acquisition opportunities to further expand VCS’s product offering, solidifying the company’s position as the leading compliance and credentialing company in the healthcare industry.”

About VCS
Founded in 2006, VCS is an industry leader in compliance and credentialing Software as a Service solutions that help healthcare organizations mitigate risk and ensure compliance. For more information or to contact VCS, visit www.vcsdatabase.com or (866) 373-9725.

About Medkinetics
Founded in 1999, Medkinetics provides innovative Software as a Service solutions for healthcare organizations including provider credentialing, privileging, peer review, quality and performance improvement, and event reporting. Medkinetics’ solutions enable clients to see increased revenue, reduced cost, enhanced provider relations, and improved compliance. For more information about Medkinetics, visit www. Medkinetics.com

About Payor Enrollment Services
Payor Enrollment Services provides fast and accurate credentialing and enrollment of practices and providers with commercial and federal payors. Payor Enrollment Services streamlines processes using state of the art software – taking the burden off providers and enabling organizations to recognize reimbursements faster. For more information about Payor Enrollment Services, visit www.payorenrollment.com


About CapStreet
The CapStreet Group is a private equity firm founded in 1990 that invests in owner-managed, middle market companies headquartered in Texas and surrounding states.  CapStreet targets companies operating in diversified business service sectors, including healthcare, industrial distribution and industrial manufacturing businesses and partners with management teams and existing owners to accelerate growth and improve profitability.

About Healthcare Growth Partners
Healthcare Growth Partners (HGP) provides investment banking and strategic advisory services with an exclusive focus on health informatics and digital health. Since 2005, HGP has closed over 60 transactions representing over $1 billion in value, including sell-side, buy-side, and capital formation. The firm leverages its experienced management team, domain expertise, and deep network of contacts to provide efficient and high value processes for clients.

August 26, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 14 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and Google Plus.

Caradigm Offers Healthcare Providers Unlimited Identity and Access Management with Guaranteed Go-Live Dates

One annual price for Single Sign-On or Provisioning covers software, services, maintenance and integration with an unlimited number of applications 

BELLEVUE, WA – Aug. 25, 2014 – Caradigm, a population health company, today announced new Identity and Access Management (IAM) offerings designed to make it easier for healthcare organizations to control access to applications and patient data, even as their workforces and IT environments rapidly grow and change.

Built exclusively for healthcare, Caradigm® Identity and Access Management (IAM) – including Caradigm Single Sign-On and Caradigm Provisioning – enables healthcare organizations to protect against increasing security and compliance risk by safeguarding patient health information.  At the same time, Caradigm IAM enables healthcare organizations to give clinicians rapid access to the applications and patient data they need to perform their jobs.

New offerings for both Caradigm Single Sign-On and Caradigm Provisioning include:

  • Subscription-based pricing: Healthcare providers now can choose to pay a simple yearly subscription fee for the software, services, and support needed to manage IAM, and align their solution with their evolving IT portfolio.

 

  • Unlimited applications: Subscriptions include integration to an unlimited number of applications.  This means organizations can continue to add applications into their IAM solutions after going live.  And, as an organization’s applications are upgraded, Caradigm will make any agreed-upon changes.

 

  • Guaranteed go-live: Caradigm offers a 100% guaranteed go-live date and scope for customers opting to follow Caradigm’s proven deployment methodology.

According to Jim Campbell, vice president of IAM for Caradigm, “With radical changes in healthcare, providers are facing unprecedented challenges in both protecting and speeding access to patient data. Our customers tell us they need simplified IAM solutions that easily adapt to their new realities – new alliances and partnerships, staff changes, and changes in IT environments. Thanks to our deep experience and advances in IAM, we’re delighted to offer customers a new level of flexibility in addressing these challenges head on.”

Caradigm’s IAM portfolio includes the following:

Caradigm Provisioning helps healthcare organizations protect against increasing security and compliance risk through role-based management of user identity. By codifying access and entitlement rights for the organization in a central repository, and by managing the creation, modification and termination of user access to clinical and core systems, Caradigm Provisioning helps organizations protect patient data while giving their clinicians rapid access to the applications and information they need.

Caradigm Single Sign-On (SSO) and Caradigm Context Management (CM) are designed to give clinicians faster access to healthcare applications and patient data while making it easier for organizations to protect patient privacy and system security. The solutions streamline workflows in virtual desktop infrastructure (VDI) environments, automate management of clinical workstations and expedite compliance reporting. One-tap logoffs and timeouts eliminate the need for generic or shared credentials. Caradigm’s Privacy Auditor®, now included as an integral component in SSO and CM, provides a real-time audit trail of patient record access by user, application and location.

The new offerings are available immediately. Additional information about these offerings can be obtained by going to http://www.caradigm.com/en-us/contact-us/.

About Caradigm

Caradigm USA LLC is a healthcare analytics and population health company dedicated to helping organizations improve care, reduce costs, and manage risk. Caradigm analytics solutions provide insight into patients, populations, and performance, enabling healthcare organizations to understand their clinical and financial risk and identify the actions needed to address it. Caradigm population health solutions enable teams to deliver the appropriate care to patients through effective coordination and patient engagement, helping to improve outcomes and financial results. The key to Caradigm analytics and population health solutions is a rich set of clinical, operational, and financial data delivered to healthcare professionals within their workflows in near-real time. This data asset serves as the foundation for a growing number of innovative healthcare applications developed by Caradigm and industry partners, providing rapid incremental value to customers. Visit: www.caradigm.com.

August 25, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 14 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and Google Plus.

Apple’s HealthKit to Revolutionize Mobile Health Market Worth $11.8 Billion by 2018, say GlobalData Analysts

LONDON, UK (GlobalData), 21 August 2014 – Linda Tian, GlobalData’s Analyst covering Medical Devices, says:

“GlobalData believes that Apple’s strategy to unite medical applications, electronic health records and peripheral devices through a platform, reported to be the HealthKit, will be a major milestone in the wave of technology-healthcare alliances.

“This move into the mobile health (mHealth) space promises significant future returns for Apple, as GlobalData forecasts this market to grow at a Compound Annual Growth Rate (CAGR) of 31.5%, from an estimated $3 billion in 2013 to $11.8 billion by 2018.

“In addition, Apple’s timely market penetration and established consumer engagement strategies will potentially enable the company to set the industry standards for future developments, similar to how it revolutionized the smartphone space.”

Niharika Midha, GlobalData’s Analyst covering Medical Devices, says:

“Given the current innovation-driven market dynamics, an increasing number of companies are reconsidering how their products can fit within the hospital ecosystem. One recent example is the partnership between Google and Novartis for monitoring glucose levels in human tears.

“New technologies mean that data concerning a patient’s heart rate, heart rate variability, respiratory rate, skin temperature, body posture, glucose levels, and many other vital signs, can be collated over time. These data can be leveraged for enhanced healthcare delivery and management.

“Apple’s HealthKit will offer a platform for developers to unveil new approaches to help physicians monitor patient health. Big technology companies also provide the ability to collect the data, transform it into meaningful information, and then disseminate it on a large scale.

“However, GlobalData anticipates that tech-medtech alliances looking to take advantage of new mHealth market opportunities will encounter hurdles in seeking regulatory approval in various countries and subsequently overcoming the reimbursement disconnect. Many medical devices are currently able to achieve regulatory approval, but fail to meet reimbursement criteria and therefore face barriers in adoption.”

-ABOUT GLOBALDATA-

GlobalData is a leading global research and consulting firm offering advanced analytics to help clients make better, more informed decisions every day. Our research and analysis is based on the expert knowledge of over 700 qualified business analysts and 25,000 interviews conducted with industry insiders every year, enabling us to offer the most relevant, reliable and actionable strategic business intelligence available for a wide range of industries.

August 21, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 14 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and Google Plus.

Recruiters/Executive Search Firms Rated Most Effective Resource in Hiring Health IT Staff

With high demand for health IT workers projected to continue for the foreseeable future, the 2014 HIMSS Workforce Survey results find healthcare organizations consider IT recruiters/ executive search firms the most effective resource to meet hiring needs  

CHICAGO (August 21, 2014) – The high demand for qualified health IT professionals continues, as revealed in the 2014 HIMSS Workplace Study, conducted by HIMSS Analytics:

  • Over 84 percent of survey respondents reported their organization hired at least one staff member in the past year, a finding consistent with the 2013 survey (86 percent).
  • With hiring in 2014 expected to continue at the 2013 pace, 82 percent of survey respondents planned to hire at least one full time employee (FTE) in the next 12 months, a slight increase from the 79 percent of respondents planning the same in 2013.

To satisfy the demand for desired workers, the study discovered that healthcare employers use multiple approaches to recruit qualified IT professionals. Yet, respondents considered IT recruiters/executive search firms to be the most effective resource to leverage in meeting their hiring demands.

“The lack of local qualified health IT workers, whether real or not, is a very real concern for many. And in an industry in which recruiting workers away from other healthcare organizations is fairly common practice, IT recruiters and staffing agencies are clearly seen to be the most effective recruitment resource at a healthcare employer’s disposal,” said Lorren Pettit, vice president, research, HIMSS Analytics. “I wouldn’t be surprised to see the use of recruiters increase as a preferred recruitment resource as the demand for select IT professionals increases.”

Survey methodology:  HIMSS Analytics conducted this research in May-June 2014 with findings based on responses from 200 individuals representing healthcare providers, vendors and consulting organizations, a sample considered generally representative of the health IT staffing needs and experiences of these types of organizations operating in the United States.

Additional survey results include the following highlights.

Staff Needed:  Clinical application support staff (58 percent) is the most sought-after position provider organizations plan to hire in the next year, an increase from 34 percent, as reported in the 2013 survey results.

IT Layoffs: Even though the reported hiring of, or plans to hire, IT staff are quite high, the findings point to a 5 percent increase in staff layoffs between 2013 (8 percent) and 2014 (13 percent).

Outsourcing or Not:  Healthcare provider organizations expect to continue use of outsourced services in the next year; over two-thirds (70 percent) of respondents reported at least one area of anticipated outsourcing. Use of outsourced services decreased this year, since the 2013 survey found 93 percent of healthcare provider organizations planned at least one outsourced service.

“The 2014 HIMSS Workforce Survey provides positive insights for both experienced and entry-level healthcare professionals,” says JoAnn Klinedinst, vice president, professional development, HIMSS North America.  “The research results show the need for a variety of IT positions in healthcare, with providers who responded to the survey stating they would likely hire clinical application support staff, while vendor respondents said they would be most interested in field support staff. In addition, a higher percentage of organizations in 2014, compared to respondents to the survey in 2013, said they were interested in training current employees to fill needed positions or were willing to hire recent graduates.”

Read the 2014 HIMSS Workforce Survey report.

About HIMSS: HIMSS is a global, cause-based, not-for-profit organization focused on better health through information technology (IT). HIMSS leads efforts to optimize health engagements and care outcomes using information technology.

HIMSS is a cause-based, global enterprise producing health IT thought leadership, education, events, market research and media services around the world. Founded in 1961, HIMSS encompasses more than 52,000 individuals, of which more than two-thirds work in healthcare provider, governmental and not-for-profit organizations across the globe, plus over 600 corporations and 250 not-for-profit partner organizations, that share this cause.  HIMSS, headquartered in Chicago, serves the global health IT community with additional offices in the United States, Europe, and Asia. Visit www.himss.org.

About HIMSS Analytics: HIMSS Analytics collects, analyzes and distributes essential health IT data related to products, costs, metrics, trends and purchase decisions. It delivers quality data and analytical expertise to healthcare delivery organizations, IT companies, governmental entities, financial, pharmaceutical and consulting companies. Visit www.himssanalytics.org.

HIMSS Analytics is a part of HIMSS, a cause-based global enterprise that produces health IT thought leadership, education, events, market research and media services around the world. Founded in 1961, HIMSS encompasses more than 52,000 individuals, of which more than two-thirds work in healthcare provider, governmental and not-for-profit organizations across the globe, plus over 600 corporations and 250 not-for-profit partner organizations, that share the cause of transforming health and healthcare through the best use of IT.  HIMSS, headquartered in Chicago, serves the global health IT community with additional offices in the United States, Europe, and Asia.

I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 14 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and Google Plus.

HIPAA Secure Now! Ramps up EHR Partner Program, Helps Healthcare Providers Achieve Meaningful Use under Revised CMS Deadlines

MORRISTOWN, NJ – AUGUST 21, 2014 – HIPAA Secure Now! rolled out its EHR (electronic health records) partnership program, making it possible for EHR vendors to now offer their customers a HIPAA security risk assessment, a vital requirement for achieving meaningful use.

HIPAA Secure Now! provides risk analysis services, policies, procedures and training to medical practices throughout the U.S. The company assesses the risks of storing and transmitting electronic protected health information (ePHI) from each system and device used by the practice.

HIPAA Secure Now! has begun adding new EHR vendor partnerships. One partner, TRAKnet targets podiatrists with its EHR solution.  Nearly 200 TRAKnet customers have completed HIPAA Secure Now’s risk assessment program, which identifies and documents ePHI threats and vulnerabilities, and recommends safeguards to avoid the risks of a data breach.

“A HIPAA risk assessment is one requirement that is beyond the capabilities of our software,” said John Guiliana, executive vice president, marketing and sales for TRAKnet “HIPAA Secure Now! fills a gap sorely needed by our clients.”

CMS Changes Rules, Lowers Bar for Healthcare Providers…

Under a new rule from the Center for Medicare and Medicaid Services (CMS), healthcare providers that received financial incentives for meaningful use were granted flexibility to use earlier versions of their CEHRT (certified electronic health record technology) and demonstrate that they have met certain stage one and two core objectives, including a HIPAA security risk assessment.  Under CMS guidelines providers must attest for meaningful use over 90 consecutive days within the 2014 reporting period.  The next reporting period ends September 30, 2014.

“As the CMS rules are changing we’re helping clients of our EHR partners get the risk assessment piece done before the quarter ends,” said Art Gross, CEO of HIPAA Secure Now!  “EHR companies know their clients are looking for a solution for meaningful use  risk assessments.  Using our cost effective, pain-free program clients can avoid the risk of failing a meaningful use audit and having to return incentive money.”

While providers must implement specific features of their EHR and achieve more than 15 core objectives and measures, a HIPAA security risk assessment is the one objective that falls outside EHR functionality. It applies to stage one and stage two, with the added requirement of addressing encryption of patient data, and is fundamental to meaningful use attestation.

Providers must complete their risk assessment by September 30th  to attest for the third quarter and receive 2014 incentive payments. Through HIPAA Secure Now’s partnership with EHR vendors, clients can attest to meaningful use, pass HIPAA compliance audits and hold on to their incentive money.

About HIPAA Secure Now!

HIPAA Secure Now! has been helping clients comply with the HIPAA Security Rule since 2009.  The company’s all-in-one solution provides risk assessment, which also satisfies Meaningful Use requirements, as well as privacy and security policies and procedures, and training.  HIPAA Secure Now! moves customers toward HIPAA compliance quickly and easily, and protects them in the event of an audit. Customers complete the entire process in two to three hours, and regularly comment that it is painless and has made HIPAA compliance very easy.  For more information visit www.HIPAASecureNow.com.

I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 14 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and Google Plus.

HealthSpot and CareSource Team to Improve Access to Healthcare

Managed Care company creates value for Medicaid members, increasing access to care through HealthSpot telehealth platform.

Dublin, OH — August 19, 2014 – HealthSpot®, a pioneer in patient and provider driven healthcare technology, and CareSource, an Ohio nonprofit managed care company dedicated to meeting the needs of healthcare consumers for more than 25 years, announced an agreement to increase access to quality healthcare for CareSource Medicaid, CareSource Just4Me and MyCare Ohio members.

HealthSpot has built a comprehensive healthcare delivery platform that combines cloud-based software with the award-winning HealthSpot station. The stations connect patients to medical providers from a variety of Ohio’s health systems including Cleveland Clinic, MetroHealth and University Hospitals. For the past 18 months, these providers and others have been using the stations for diagnosis of high frequency illnesses, such as the flu and upper respiratory issues.

HealthSpot plans to roll out nearly 100 stations in community pharmacies across Ohio combining a comprehensive healthcare delivery platform with software in the HealthSpot station. The new HealthSpot stations will provide service to consumers including CareSource members who find the pharmacy locations easier to access instead of traveling to hospital emergency rooms or urgent care facilities for routine diagnosis. The goal is to make it convenient for Ohio residents to get the right, quality care.

HealthSpot will target geographic areas that have high emergency room visit rates and patient wait times, as identified by patient focus-groups and claim data analysis conducted by the two companies.

“Working with CareSource is key to our mission to increase access to the right quality and affordable medical care through a diverse professional care network in locations that are in the patient’s own backyard,” said Steve Cashman, CEO of HealthSpot. “HealthSpot is the first open platform that enables community providers to see patients outside their facility and truly create value for everyone in the healthcare ecosystem.”

“We are dedicated to helping our members find easier access to care. The agreement with HealthSpot allows us to connect members with providers in the most convenient locations, effectively putting quality healthcare at their immediate access,” said Steve Ringel, President Ohio Market CareSource.

HealthSpot aims to bring quality care closer to the consumer by going straight to the places they already know and frequent, the neighborhood pharmacy. The agreement is targeting national chain and independent pharmacies across Ohio.

About HealthSpot®

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

The HealthSpot name and logo are registered marks of HealthSpot Inc. All rights reserved. All other marks are the property of their respective owners.

About CareSource

CareSource, a nonprofit health plan is celebrating 25 years as one of the nation’s largest Managed Medicaid Plans. Headquartered in Dayton, Ohio CareSource serves more than 1.2 million consumers in Ohio and Kentucky. CareSource is living its mission to provide healthcare to those who need it most. CareSource understands the challenges consumers face navigating the health system and works to put healthcare in reach for those it serves.

August 20, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 14 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and Google Plus.

Healthsense Closes $10 Million Financing with Boston-Based Mansa Capital

Boston, Mass. & Minneapolis, Minn. – Aug. 19, 2014 – Healthsense,® Inc., the fastest growing provider of technology-enabled care solutions for the senior care continuum, announced today that it has closed on $10 million in financing led by Mansa Capital, a Boston-based  private equity firm focused on the $2.8 trillion U.S. healthcare market. Previous investors Merck Global Health Innovation Fund and Radius Ventures LLC also participated in the round.
 
“Mansa Capital possesses exceptionally strong relationships that Healthsense can leverage to expand our reach into the managed care and home health markets, where we see major growth opportunities. This is an ideal complement to our thriving senior living business,” said Healthsense President and CEO A.R. Weiler“Mansa Capital’s involvement will extend the exceptional benefits we have realized from previous investments with Merck GHI, Radius and B.C. Ziegler and Company, influential investors whose market knowledge and resources have helped us achieve our continued growth and success.”
 
With Healthsense’s growing focus on helping managed care organizations optimize care, the firm has deployed several pilot programs within the last year including partnerships with Humana Cares/Senior Bridge, Fallon Health, and various others. Early program results suggest a positive impact of the Healthsense eNeighbor® remote monitoring platform on improving care outcomes for those with chronic health conditions by providing earlier interventions and readmission rate reductions in various care environments.  

“We seek to engage with companies that demonstrate both strong growth potential and the ability to advance the healthcare industry’s Triple Aim of improving care, reducing costs and enhancing the patient experience,” said Mansa Capital Managing Partner and Chief Investment Officer Ruben King-Shaw Jr., who will join the Healthsense Board of Directors. “Healthsense embodies all that we look for when considering an addition to our healthcare portfolio, particularly given the ever-increasing industry focus on managed care.”

Headquartered in Boston, Mansa Capital invests primarily in high-growth healthcare services and technology companies with experienced management teams, sound business franchises and substantial potential. The healthcare private equity investment firm seeks to develop companies that deliver advances in cost-effective care, demonstrate potential for strong organic revenue growth, and exhibit attractive margins as well as high returns on capital.
 



About Healthsense, Inc.
Healthsense is the fastest growing provider of technology-enabled care solutions for the senior care continuum. With a full range of remote monitoring, emergency response and wellness management solutions, Healthsense helps senior care providers and managed care organizations significantly reduce costs, increase independence and enhance caregiver and senior experiences. Built on a wireless platform, Healthsense products are scalable and enable flexible technology-enabled care designs that help in the delivery of the highest quality care across the entire care continuum. Visit www.healthsense.com for more information.

About Mansa Capital
Headquartered in Boston, Mass., with offices in New York City, Miami and Dallas, Mansa Capital is a private equity firm focused on the $2.5 trillion healthcare sector in the U.S. including Puerto Rico and the U.S. Virgin Islands. The firm uses its expertise in healthcare policy and economics to help management teams grow top line revenues and develop new products that build exceptional value. Mansa Capital’s principals bring to the firm extensive expertise in healthcare operations, marketing and finance including senior-level experience in healthcare compliance, regulation and reimbursement. The team has distinctive knowledge in the early identification of innovative business models that enable patients and providers to thrive in the post-healthcare reform environment. The firm also has special insights in the largely untapped Hispanic healthcare market. Visit www.mansancapital.com for more information. 

August 19, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 14 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and Google Plus.

Vestrum Health and First Insight Announce MaximEyes EHR Data Aggregation Integration

Unlock the value of EHR data by capturing benchmarking analytics and receiving revenue.

Hillsboro, OR (August 14, 2014– First Insight Corporation, developer of MaximEyes cloud-based practice management and 2014 Certified EHR software, and Vestrum Health announced that MaximEyes EHR is now compatible with Vestrum Health’s EHR data aggregation technology platform.

“Vestrum Health is a proprietary, secure and regulatory-compliant EHR data aggregation platform where participating physicians can securely transmit their EHR data to a proprietary database, without compromising the stability and security of their EHR system,” said Nadeem Ahmad, Vestrum Health’s Director of Operations. “Physician and patient identifiers are removed in accordance with HIPAA regulations and the data is made available to participating physicians for analytics and clinical research. Physicians always retain control over how their data is utilized. In addition, in an industry first, Vestrum Health shares a significant portion of revenue generated by data sales in the form of royalty payments to participating physicians who choose to commercialize their de-identified data. Vestrum Health provides physicians with the ability to finally capture a monetary return on their EHR investment.”

“First Insight securely uploads a participating physician’s de-identified patient data from MaximEyes to the Vestrum Health servers where it will be converted by Vestrum Health into an easily analyzable format,” said Nitin Rai, First Insight’s President and CEO. “Our goal is to always provide our customers with the best experience, service and value in the EHR industry. By collaborating with Vestrum Health, we are providing additional value to our physician customers.”

About First Insight Corporation: First Insight was founded in 1994 by Nitin Rai, president and CEO, to revolutionize and lead the eye care industry with the most complete and customizable electronic health records and practice management software. The company’s focus has been to help doctors achieve a paperless practice through MaximEyes, its flagship “eye care only” Certified Cloud Based EHR and Practice Management Software. MaximEyes helps thousands of eye care professionals increase revenue, reduce billing errors, improve patient retention, enhance office efficiency, and relieve the stress of regulatory requirements. MaximEyes software delivers tailored and affordable options for all practice sizes. First Insight is headquartered in Hillsboro, OR. To learn more, visit www.first-insight.com

About Vestrum Health: Vestrum Health was founded by retina specialists in 2012 to provide physicians with the opportunity to unlock the value of their EHR data. The company’s innovative and patent-pending technology platform facilitates the aggregation and de-identification of EHR data for clinical research, analytics and commercialization. For additional information visit www.vestrumhealth.com or download Vestrum Health’s FAQs.

August 14, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 14 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and Google Plus.

Penn State Hershey Medical Group Realizes More Than $800,000 in Savings Over One Year with Avantas’ Healthcare Enterprise Labor Management Solutions

Leading Medical Group Optimizes Labor Management to Increase Transparency, Flexibility and Standardization of Staffing Needs

OMAHA, Neb. – August 12, 2014 – Avantas, a leading provider of strategic labor management technology, services and strategies for the healthcare industry, today announced that the Penn State Hershey Medical Group has saved more than $800,000 in one year since implementing  Avantas’ consulting services and healthcare enterprise labor management solutions.

In March 2013, Penn State Hershey leveraged Avantas’ HELM™ (healthcare enterprise labor management) methodology to increase transparency, visibility and standardization of staffing needs via a variable staffing model, resource sharing across more than 50 clinics, and centralized resource management.  The Medical Group also implemented Avantas’ Smart Square® scheduling technology to create a transparent, cost-effective and repeatable process to leverage labor resources across the enterprise. Using Avantas’ technology, Penn State Hershey Medical Group was able to achieve more than $800,000 in savings by decreasing overtime and incidental worked time and reducing full-time equivalent (FTE) leakage. The accomplishments the Medical Group has realized this year through their dedication to achieving their operational goals earned them the “Change Maker Award” at the 2014 Avantas client retreat.

“In a competitive market with declining reimbursement and an emphasis on delivering value-based care, every dollar counts,” said Sherri Luchs, Chief Administrative Officer, Penn State Hershey Medical Group.  “We knew that our workforce was one of our most valuable resources, but we needed a way to standardize our scheduling policies to create efficiencies across all practice sites. Working with Avantas, we implemented best practices and redesigned our labor management strategy not only to achieve savings but to increase our staffing flexibility to meet fluctuating patient demand.”

Avantas’ Smart Square technology is the only healthcare scheduling and productivity software that combines demand forecasting with robust scheduling functionality, enterprise transparency, and business intelligence tools all in one application. The flexible platform interfaces with Penn State Hershey’s existing IT systems including their HRIS, EMR, Time & Attendance and Payroll systems, providing users timely access to actionable data they can use to drive significant improvements to meet their organizational goals.

“As healthcare organizations begin to move from fee-for-service to value-based care models, the need to deliver cost-effective, quality care is more important than ever before,” said Jackie Larson, Senior Vice President, Avantas. “What’s unique about Penn State Hershey is that they’ve been able to leverage our HELM methodology across both the Milton S. Hershey Medical Center and the Medical Group to achieve incredible efficiencies and nearly two million dollars in savings – system wide. This true enterprise approach is the first step to what must become the industry norm.”

HELM represents a disruptive innovation for the healthcare industry, challenging organizations to rethink what is possible with regard to labor management in all departments. The approach is comprehensive and sophisticated – combining the science of workforce planning, demand forecasting, operational best practices, and a complete set of scheduling and staffing tools. Avantas has leveraged unique client experiences across provider organizations of all sizes to detail effective methodologies that help organizations rise above departmental silos and implement a consistent and effective way to integrate labor across the enterprise.

About Penn State Milton S. Hersey Medical Center

Founded in 1963 through a gift from The Milton S. Hershey Foundation, Penn State Milton S. Hershey Medical Center is one of the leading teaching and research hospitals in the country. The 541-bed Medical Center is a provider of high-level, patient-focused medical care. The Medical Center campus also includes Penn State College of Medicine (Penn State’s medical school), Penn State Hershey Cancer Institute, and Penn State Hershey Children’s Hospital—the region’s only children’s hospital. The Medical Center campus is part of Penn State Hershey Health System, which also includes the Pennsylvania Psychiatric Institute, Penn State Hershey Rehabilitation Hospital, and other specialty facilities.

About Avantas

Developers of the HELMTM methodology (healthcare enterprise labor management), Avantas is devoted to serving the healthcare industry. Its proprietary approach to managing labor consists of workforce planning services and a patented scheduling and productivity solution, Smart Square. This comprehensive approach provides its clients with tailored best practice labor management strategies designed to drive substantial and sustaining cost and quality improvements across the enterprise through automation. For more information, please visit the Avantas website at www.Avantas.com.

August 12, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 14 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and Google Plus.

FDB Adds Boxed Warning Content to Help Ensure Patient Safety and Regulatory Compliance with High Risk Medications

The FDB High Risk Medication Module now includes both Boxed Warning and REMS content for use within the clinical workflow

South San Francisco, CA – August 7, 2014 – First Databank (FDB), the leading provider of clinical drug knowledge that improves medication-related decisions and patient outcomes, today announced that Boxed Warning content has now been added to the FDB High Risk Medication Module™. The new drug knowledge enables FDB customers and other industry stakeholders to easily identify medications designated as high risk by the Food and Drug Administration (FDA) and have a Boxed Warning and/or a Risk Evaluation and Mitigation Strategy (REMS) requirement. The module’s initial release, in July 2013, covered medications with REMS requirements. Now, with the inclusion of medications with boxed warnings, the module covers a broader spectrum of high risk medications.

Boxed warnings—the FDA’s strongest warning for medicines that carry risks of special problems —serve as notices to prescribers, pharmacists and consumers about possible adverse effects of high risk medications. The FDA has put requirements in place to help ensure the safe use of high risk drugs with the use of boxed warnings and/or REMS, which are critical guidelines for clinicians and institutions that treat patients with these medications. Although high risk medications with boxed warnings are regularly prescribed, studies have shown that these requirements are not routinely followed by clinicians because the information does not appear within their normal EHR workflow.

To address this potential patient safety issue, the FDB High Risk Medication Module is designed to seamlessly integrate with healthcare information systems to provide current boxed warning and REMS information of high risk prescription drugs directly with the clinician’s workflow. The module helps clinicians meet FDA regulatory compliance by presenting actionable messages to the right user at the right time, while eliminating the manual and often tedious efforts required in monitoring drug manufacturers’ changes to boxed warnings and REMS. Additionally, FDB keeps track of when changes are made to the requirements and maintains historical information to support retrospective analysis or auditing.

Faced with increasing numbers of high risk medications with a boxed warning, the complexity of REMS requirements and penalties for non-compliance, health care providers need easy-to-use workflow solutions. Omnicare, a comprehensive provider of pharmacy and related services to elder care and other specialized health care settings across the United States, is one of many FDB customers whose users and their patients are directly impacted by the regulatory burden and complexity clinician’s face with prescribing, dispensing and administering high risk drugs.

According to Barbara J. Zarowitz, PharmD, vice president of clinical services, Omnicare, their clinicians are concerned with identifying, monitoring and prescribing the increasing numbers of high risk medications in use today that have important medical practice implications for patient safety. In addition, satisfying the constantly changing regulatory requirements is even more challenging outside the EHR workflow. Speaking at a recent FDB Customer Conference, Zarowitz commented that, “The provision of actionable information in the EHR workflow for drugs with boxed warnings is absolutely necessary for clinicians to maximize safe use of medications in our patients.”

“Our vision is to ensure that all medication warnings and required actions—from Boxed Warnings, to REMS requirements and associated Medication Guides—are easily accessible from one convenient source, to ease the burden the healthcare industry currently faces when working to comply with high risk medication guidelines,” said Lisa Geller, senior product manager, FDB.

About First Databank (FDB)
FDB (First Databank), part of the Hearst Health network, is the leading provider of drug knowledge that helps healthcare professionals make precise medication-related decisions. With thousands of customers worldwide, FDB enables our information system developer partners to deliver a wide range of valuable, useful, and differentiated solutions. As the company that virtually launched the medication decision support category, we offer more than three decades of experience in transforming drug knowledge into actionable, targeted, and effective solutions that improve patient safety and healthcare outcomes. For a complete look at our solutions and services please visit http://www.fdbhealth.com or follow us on Twitter andLinkedIn.

About Hearst Health
FDB is part of the Hearst Health network, which also includes Zynx HealthMCG (formerly Milliman Care Guidelines) and Homecare Homebase. The mission of the Hearst Health network is to help guide the most important care moments by delivering vital information into the hands of everyone who touches a person’s health journey. Each year in the U.S., care guidance from the Hearst Health network reaches 76% of discharged patients, 133 million insured individuals, 20 million home health visits, 1.88 billion retail pharmacy prescriptions and 3.26 billion prescription claims. Extensions of the Hearst Health network include Hearst Health Ventures and the Hearst Health Innovation Lab.

August 7, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 14 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and Google Plus.