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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.

Number Of Hospital Transactions Down Slightly In First Half Of 2014 According To Kaufman Hall Analysis

Skokie, IL, August 13, 2014—Hospital merger and acquisition activity was down slightly in the first half of 2014, compared with the first half of 2013, according to the latest analysis by Kaufman Hall. In the first two quarters of 2014, 43 transactions were announced, compared with 46 in the first half of 2013.

Kauffman Hall Chart

Of the 43 transactions so far in 2014, 40 involved acquisition of not-for-profit organizations—33 by other not-for-profit organizations and 7 by for-profit organizations. The total operating revenue of the acquired organizations was $10.0 billion. The transactions occurred across a broad range of acute-care segments, including not-for-profit, for-profit, rural, urban, and academic health centers.

“Mergers and acquisitions continue to be an important method for healthcare organizations to achieve the economies, infrastructure, geographic coverage, and other attributes needed for a value-based delivery system,” says Michael Finnerty, Managing Director of Kaufman Hall.

About Kaufman Hall

Kaufman Hall is an independent management consulting firm that offers integrated strategic, capital, and financial advisory services and software tools to healthcare organizations of all types and sizes. Our goal is to help hospitals and health systems achieve best-practice strategic financial management that produces tangible, measurable, and improved financial results. To learn more, visit kaufmanhall.com

August 13, 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.

Mexico’s Healthcare Market Value to Reach Almost $28 Billion by 2020, says GlobalData

LONDON, UK (GlobalData), 7 August 2014 - Mexico’s pharmaceutical and medical devices industries will be worth approximately $22.5 billion and $5.4 billion by 2020, respectively, totaling an overall healthcare market value of $27.9 billion, according to research and consulting firm GlobalData.

The company’s latest report* states that this overall increase in Mexico’s healthcare market value will represent a Compound Annual Growth Rate (CAGR) of 6.8%, climbing from $17.6 billion in 2013, as estimated in combined findings from GlobalData and the Organization for Economic Co-operation and Development.

According to GlobalData, a number of factors, including the prevalence of non-communicable diseases, improvements in regulatory guidelines, government support for the healthcare sector, and the North American Free Trade Agreement, will help drive the anticipated market growth.

Joshua Owide, GlobalData’s Director of Healthcare Industry Dynamics, says: “Over 350 domestic and multi-national companies are engaged in the manufacture of pharmaceutical products in Mexico, making the country one of the leading producers in the Americas.

“During the next five years, the pharmaceutical sector will have the opportunity to expand, due to a number of branded drugs losing market exclusivity. This will benefit domestic manufacturers, as the top pharmaceutical companies in Mexico mostly deal with generic drugs.”

Mexico was Latin America’s main exporter of pharmaceutical products in 2012, and the country has grown to be a key exporter to Europe and the US, thanks largely to free trade agreements.

Owide concludes: “While the Mexican pharmaceutical market may be vulnerable, with a high share of private healthcare expenditure, alongside out-of-pocket payments and the problem of counterfeit drugs, the overall outlook remains bright.

“Non-communicable disease, which is rising in prevalence due to the increasing elderly population and changes to diet and lifestyle, combined with the Mexican government’s aim to provide universal healthcare coverage, will increase public expenditure and create greater market opportunities for both the pharmaceutical and medical device industries.”

-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.

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.

Premier, Inc. continues growth trajectory with acquisition of Hospira’s TheraDoc, expanding industry leading electronic clinical surveillance solutions to approximately 1,000 facilities

·         Strategic combination positioned to drive quality outcomes improvement beyond current health information technology capabilities

·         Complementary data analytics and real-time surveillance expertise will support next-generation predictive clinical apps on an integrated technology platform

·         Expands Premier’s footprint by approximately 400 unaffiliated facilities

·         Provides opportunity to expand relationships with academic medical centers

CHARLOTTE, N.C. (August 5, 2014) – Premier, Inc. (NASDAQ: PINC) has reached a definitive agreement to acquireTheraDoc, a market leading provider of clinical surveillance software, for $117 million in cash, subject to potential purchase price adjustments regarding TheraDoc’s actual working capital, cash and indebtedness at closing. The transaction is expected to close in Premier’s fiscal 2015 first quarter ending September 30, 2014, subject to customary closing conditions.

TheraDoc is a wholly-owned subsidiary of Hospira (NYSE: HSP). Premier’s board of directors unanimously approved the transaction, and applicable antitrust approvals have already been obtained. Based on the trailing twelve months operating earnings provided by TheraDoc, the $117 million represents a purchase price multiple in the 10-11 times range.

Premier expects the acquisition to be accretive to earnings in the first year following the transaction’s completion.

“Our growth story continues to evolve with strategic relationships that extend our reach and add value to the U.S. healthcare system,” said Susan DeVore, president and CEO of Premier. “The addition of TheraDoc propels Premier to the top position in the clinical surveillance market, significantly strengthening our ability to help health systems monitor and protect patients from infections, harmful drug interactions and other adverse events, crucial capabilities in today’s world of performance-based reimbursement. Longer term, we expect the addition of TheraDoc will enable us to create a next-generation predictive safety solution built on Premier’s integrated technology platform.”

The transaction combines two market leaders with capabilities in data analytics and real-time electronic clinical surveillance. TheraDoc and Premier’s capabilities with its SafetyAdvisor® solution are similar in their ability to support both infection prevention and drug therapy surveillance.

Premier has data on one in every three U.S. health system discharges, pushed to members through software as a service (SaaS) apps housed on the PremierConnect® integrated technology platform. Combined, the two organizations will provide clinical surveillance expertise to approximately 1,000 facilities, 400 of which do not have a current relationship with Premier. TheraDoc was ranked as the top product in the infection control and monitoring software category in both 2012 and 2013 by KLAS, a leading health informatics research company. Leveraging this asset in combination with PremierConnect will support a next-generation solution of more than 1,000 safety alerts, capabilities that go well beyond those of electronic health records (EHRs).

“Healthcare providers will benefit from the shared strength, expertise and vision of this partnership,” said France Pitera, who is currently vice president, Clinical Information Technology, Hospira, and is planned to be named vice president, Safety Solutions, Premier. “Considering that only 50 percent of providers have invested in electronic clinical surveillance, our increased scope already addresses a largely untapped marketplace with an unmatched, best-in-class solution. We will leverage the collective resources of TheraDoc and deep analytics capabilities available through the PremierConnect platform to continue developing a broad suite of quality and safety products in a cutting-edge SaaS model.”

“Additionally, this agreement allows Hospira to dedicate even more focus on supporting our strategic growth platforms, including our specialty injectable pharmaceuticals pipeline, biosimilars program and device strategy,” said Thomas Moore, president, United States, Hospira.

TheraDoc’s offices in Salt Lake City and its 120 employees will become part of Premier’s Performance Services business unit, reporting to Keith J. Figlioli, Premier’s senior vice president of Healthcare Informatics.

“From a financial perspective, we expect TheraDoc to contribute revenue and earnings growth to our business segment,” said Figlioli. “More importantly, this business mixture enables us to deploy an enhanced and superior safety solution to the market over time. It will help to improve clinical outcomes by eliminating unjustified variation and waste associated with preventable infections, which costs the nation’s healthcare system more than $9.8 billion a year in staff time and added treatment expense, before accounting for the added financial impact of reimbursement penalties. It also provides us access to new health systems currently outside the Premier alliance, including many academic institutions.”

About TheraDoc

TheraDoc, Inc., a wholly owned subsidiary of Hospira, Inc., is a leading provider of electronic clinical surveillance to healthcare organizations across the country. Headquartered in Salt Lake City, TheraDoc’s mission is to deliver advanced informatics to help protect patients and maximize the performance of Healthcare teams. Founded in 1999 by a group of clinicians and medical informatics experts, TheraDoc was one of the pioneers of electronic clinical surveillance, and has remained at the forefront of advances in this technology. TheraDoc was acquired by Hospira in 2009. TheraDoc’s suite of software applications brings together disparate data from a hospital’s source systems, helps alert clinicians to potential risks, and empowers them with knowledge to improve clinical outcomes, lower costs, and strengthen regulatory compliance.

About Premier, Inc.

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

Forward-looking statements

Statements made in this release that are not statements of historical or current facts, such as projected operating efficiencies and synergies, expected return on investment, the timing and amount of expected revenue growth and earnings accretion from the acquisition, Premier’s ability to expand its customer base and market share, the expected closing date and future operations and integration matters described herein, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Premier to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. Accordingly, readers should not place undue reliance on any forward looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements in the conditional or future tenses or that include terms such as “believes,” “belief,” “expects,” “estimates,” “intends,” “anticipates” or “plans” to be uncertain and forward-looking. Forward-looking statements may include comments as to Premier’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside Premier’s control. More information on potential factors that could affect Premier’s financial results is included from time to time in the “Forward Looking Statements,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Premier’s periodic and current filings with the SEC, including Premier’s Form 10-Q for the quarter ended March 31, 2014, as well as those discussed under the “Risk Factors” and “Forward Looking Statements” section of Premier’s IPO Prospectus, dated September 25, 2013, filed with the SEC and available on Premier’s website atinvestors.premierinc.com. Forward looking statements speak only as of the date they are made. Premier undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date.

August 5, 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.

Napier Healthcare Appoints Mohammad Shublaqas Director of Business Development

Singapore, July 29, 2014 – Napier Healthcare, a leading healthcare technology and services provider, has named Mohammad Shublaq as Director of Business Development for the Kingdom of Saudi Arabia. Based in Riyadh, Mohammad will take the helm of Napier’s overall business expansion in the territory, covering the areas of Business Development, Sales, Alliance, and Customer Relations.

Mohammad has more than 20 years of professional track record in the Information Technology and healthcare domains in the Kingdom of Saudi Arabia. He has held leadership positions at CSC Arabia Ltd., Omar K.Alesayi Communications and Space Services Co. Ltd., Abdullah Fouad Co.Ltd., and Al-Suwaidi Trading and Development. He possesses extensive expertise in the sales and delivery of healthcare solutions including Forensic Laboratories Information Management System, Population Health Management, Care Coordination, Healthcare Analytics, Radiology Information System and Cardiovascular Information System solutions.

“Napier’s foray into the Middle East has been gaining positive traction.With Mohammad’s leadership and industry expertise in the Saudi healthcare market, we are confident that Hospitals will have another viable world class solution. The addition of Mohammad’s leadership on board is a testament to our commitment to the Saudi market. Napier’s products run Hospitals in the US, Africa and Asia and are compliant with USA’s Meaningful Use requirements. Further, Napier’s partner ecosystem comprises world class consulting partners that help implement the best business practices gleaned from Hospitals all over the world.With globally acclaimed products and consulting services, Hospitals in the Kingdom of Saudi Arabia can now implement a world class platform with local expertise,” said Tirupathi Karthik, CEO of Napier Healthcare.

“Healthcare spending is increasing in this region, an indication of the better standards of care and access to medicine. Behind healthcare trends lie massive opportunities for Napier. For example, Napier’s mobility and homecare technology empowers providers to deliver medical services to patients beyond the four walls of a hospital through remote monitoring via mHealth apps and telemedicine services. Napier’s Electronic Mobile Care System (eMCS) allows physicians and nurses to manage and access patients’ data on mobile devices while on the move to access patient history, record observations, schedule appointments, and prescribe medications. I look forward to spearheading the team to drive our best efforts to bring Napier’s innovative solutions to providers across the Middle East,” Mohammad commented on his new appointment.

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About Napier Healthcare

With Napier’s Healthcare solutions, hospitals can run their end-to-end operations with complete visibility and control over costs. The Mobility, Analytical and Home Care solutions offered by Napier are today powering innovative healthcare delivery models worldwide.

Established in 1996, Napier’s software and services have helped midsized, large private and public sector hospitals transform the way they capture clinical information, streamline workflow, reduce medical errors and provide analytical insights. Headquartered in Singapore with presence in USA, India and Middle East, Napier’s solutions are in line with the latest global healthcare trends and standards such as the United States Meaningful Use certification and ISO 9001:2008.

For more information, visit www.napierhealthcare.com

July 29, 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.