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Quintiles Announces Agreement to Acquire Encore Health Resources

Acquisition Will Bolster Quintiles’ Expertise in Health-Information Analytics Services and Create Foundation for Expanded Services Suite

RESEARCH TRIANGLE PARK, N.C.–(BUSINESS WIRE)–As part of its continued efforts to strengthen and expand its service capabilities across the healthcare continuum, Quintiles today announced that it has signed an agreement to acquire Encore Health Resources (Encore). Encore is a leader in the health-information analytics and technology services industry focused on healthcare providers. Through its consulting services and solutions, Encore assists customers with a wide range of strategy, advisory, implementation, process-redesign, optimization, analytics and performance-improvement initiatives.

“Today’s announcement signifies the increasing importance of leveraging EHR and real-world information to inform our customers and improve their probability of success”

Founded in 2009, Encore has more than 300 employees located throughout North America, including approximately 250 consultants. Its primary business is focused on implementation and advisory services around electronic health records (EHR). The addition of these capabilities will enhance Quintiles’ EHR expertise, which is becoming increasingly important as biopharmaceutical customers, payers and providers focus on measuring outcomes based on real-world performance in terms of clinical effectiveness and value.

“Today’s announcement signifies the increasing importance of leveraging EHR and real-world information to inform our customers and improve their probability of success,” said Tom Pike, chief executive officer at Quintiles. “Encore has significant EHR expertise, strong relationships with many large U.S. provider networks and academic medical centers as well as experienced consultants, proven tools, and methodologies. It will be a key strategic addition for our business that will extend our services suite and allow us to work with Encore to strengthen its provider-focused solutions.”

Biopharmaceutical companies are increasingly interested in the “real-world” outcomes associated with their medicines to enable optimal market access. Encore’s expertise with hospitals and hospital information will help Quintiles extend its service offerings meaningfully for biopharmaceutical companies.

By joining Quintiles, Encore will be able to leverage Quintiles’ breadth and depth of capabilities as well as its global scale to accelerate Encore’s vision of enhancing clinical outcomes through data-driven performance improvement. Additionally, Encore can utilize the expertise of Quintiles’ 950 medical doctors, 900 Ph.D.’s, as well as its nurse educators and world-class biostatisticians to help hospitals and providers solve their most pressing population health challenges.

“Today is the beginning of an exciting new chapter for Encore,” said Dana Sellers, chief executive officer, Encore. “Encore was founded with a focus on driving value through data to improve performance and clinical outcomes. I believe that this focus and our vision for the future align well with Quintiles. We will be joining a global leader, and we look forward to working together to help deliver further advancements in healthcare.”

The transaction, which is subject to standard and customary closing conditions, is expected to close later this quarter. Upon completion of this transaction, Encore will join Quintiles’ Integrated Healthcare Services segment and be known as “Encore, A Quintiles Company.”

Financial terms of the transaction are not being disclosed. The acquisition is not expected to have a material impact on Quintiles’ 2014 earnings per share.

About Quintiles

Quintiles (NYSE: Q) is the world’s largest provider of biopharmaceutical development and commercial outsourcing services with a network of more than 29,000 employees conducting business in approximately 100 countries. We have helped develop or commercialize all of the top-50 best-selling drugs on the market. Quintiles applies the breadth and depth of our service offerings along with extensive therapeutic, scientific and analytics expertise to help our customers navigate an increasingly complex healthcare environment as they seek to improve efficiency and effectiveness in the delivery of better healthcare outcomes. To learn more about Quintiles, please visit www.quintiles.com.

May 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 13 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit.

Healthcare Technology Leader Ivo Nelson Launches Next Wave Health

New venture provides start-up capital, advice and operational support to healthcare entrepreneurs

[Houston, Texas - June 10, 2013] Healthcare pioneer and investor Ivo Nelson announced today the launch of his latest venture, Next Wave Health. Next Wave Health will help start-up healthcare information technology companies succeed with management advice, operational support and capital.

“Big ideas are at the heart of any successful healthcare technology company. But smart visionaries need more than big ideas. They need capital and they need advisors who understand their industry and their business,” said Nelson. “Next Wave Health will bring some of the brightest minds in healthcare together to work with start-up and early stage companies on their vision and managing their growth.”

“The healthcare industry is in the perfect storm right now. The levels of change are unprecedented,” said Nelson. “Risk is shifting, fee-for-service reimbursement models are being replaced with wellness and new discoveries are ahead with big data solutions.   Nimble and innovative new companies are pouring into the healthcare market to address these opportunities. Next Wave Health exists to help these entrepreneurs navigate the healthcare industry and succeed step by step as they grow.”

For 30 years, Nelson has been a leader and an innovator in the healthcare industry. He introduced large-scale outsourcing to the provider segment of healthcare, and pioneered new approaches for improving clinical process through technology.

In 1988, he helped start the healthcare division of Perot Systems, an outsourcing company founded by Ross Perot. In 1992, he helped start the Houston-based Insource Management Group (IMG), later renamed Healthlink. As CEO, Nelson grew Healthlink to be the largest privately held, provider-focused healthcare technology consulting firm in the industry when IBM acquired it in 2005. Following IBM’s acquisition of Healthlink in June 2005, Nelson served as the leader of IBM’s Global Healthcare Provider business.

In 2009, he co-founded Encore Health Resources with Dana Sellers to assist healthcare organizations in mining the business intelligence accrued after decades of process and technology improvements. Encore is one of the fastest-growing consultancies in the industry and has been named one of Modern Healthcare’s “Best Places to Work in Healthcare” three years in a row.

Nelson is the recipient of a Lifetime Achievement Award from the College of Healthcare Information Management Executives (CHIME), the Healthcare Information and Management Systems Society (HIMSS) Leadership Award, and was named to the HIMSS “50 in 50″ list, recognizing the top 50 contributors to the healthcare IT industry in the past 50 years. He also won the E&Y Entrepreneur of the Year Award (2005), one of the most prestigious business award offered.

Next Wave Health currently serves as a strategic advisor or investor for several healthcare technology companies including Health Care DataWorks, a leading provider of business intelligence solutions; MedSynergies, which helps physicians increase market share and improve patient care; HealthPost, which delivers cloud-based healthcare booking solutions and SCI Solutions, which delivers software that enables hospitals to better manage their physician alignment strategies and reduce operating costs. Nelson also continues to serve on the board of Encore Health Resources.

“This is an incredible moment to work in the healthcare industry,” said Nelson. “I am very excited to bring together great new ideas and seasoned leaders. I look forward to applauding the results of their work.”

About Next Wave Health

Next Wave Health provides start-up healthcare technology companies with initial funding, experienced industry advisors and operational services that support growth. For more information, visit www.nextwavehealth.com.

June 13, 2013 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 13 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit.

ENCORE HEALTH RESOURCES LAUNCHES VALUE-BASED PERFORMANCE IMPROVEMENT™ SOLUTIONS SUITE POWERED BY CoreANALYTICS™

New lifecycle of services and software tools developed in partnership with CHI

HOUSTON – February 26, 2013 – Encore Health Resources, an award-winning health-information technology (HIT) services company, announced today the launch of its new Value-based Performance Improvement™ (VPI) suite of services and software. VPI features CoreANALYTICS™, a set of integrated analytical tools that helps drive continuous health-system performance improvement. In an industry moving rapidly from volume- to value-based reimbursement, VPI and CoreANALYTICS comprise a uniquely comprehensive solution that transforms data generated by electronic health record (EHR), financial, and operational systems into actionable intelligence for proactive management of patient populations, quality, and costs.

Encore’s Value-based Performance Improvement with CoreANALYTICS is poised to assist health systems meet and exceed thresholds for the quality and performance measures required to qualify for U.S. Government EHR Meaningful-Use incentive payments and avoid associated penalties—as well as manage emerging, at-risk government and commercial payment models.  This new solution suite converts relevant data into intelligent, practical ways to help key stakeholders – including hospitals, physicians, and their patients – successfully navigate through and beyond challenges posed by the healthcare industry’s rapid shift from fee-for-service to fee-for-value.

Key VPI and CoreANALYTICS differentiators include a unique blend of Encore’s seasoned consultants with in-depth understanding of clinical data, proven methodologies and vendor-neutral analytical tools. These new tools help healthcare organizations focus on relevant quality and performance data while leveraging existing business-intelligence investments. This new, focused approach accelerates a client’s reimbursement transformation at a competitively low cost of entry through all stages of EHR Meaningful Use and also prepares them for evolving reimbursement models. VPI supports Value-Based Purchasing, Patient Centered Medical Homes, Clinical Integration Networking, and Accountable Care Organizations.

Another key differentiator is that CoreANALYTICS’ architecture allows for full or modular deployment.  A full deployment includes the Data Acquisition Engine (extract, translate, and load); the Integrated Information Platform, including our Analytics Engine (creates a “smart, skinny” data warehouse); and the Quality and Performance Modules (building dynamic dashboards), which together provide a comprehensive data-to-information transformation solution.   At the heart of the suite is Encore’s exclusive Analytics Engine, which enriches information through proven data derivation and measure calculations. These modular components can also be layered with an organization’s established data warehouse or reporting capability for a comprehensive, cost-effective solution.

Encore built its new solutions suite with development partner Catholic Health Initiatives (CHI).  Today, CHI is successfully testing VPI and CoreANALYTICS to optimize its OneCare Program, a $2 billion, enterprise-wide initiative to advance patient care through the power of information. Using VPI and CoreANALYTICS, CHI’s goals are to leverage OneCare to create a powerful, information-based system that will drive significant improvements in patient care throughout its 70 hospitals across the U.S.

“Our partnership with Encore has significantly extended the power of OneCare to provide ‘in-time’ information that will help CHI understand how we are performing against our goals,” said Evon Holladay, MGA, Vice President, Enterprise Intelligence, Catholic Health Initiatives.

As the centerpiece of the VPI lifecycle of performance improvement services, CoreANALYTICS is focused on measures targeted at specific quality and performance data from source systems. It dynamically updates measures calculations to meet the demands of a rapidly transforming industry. Encore’s CoreGPS® Data Tool informs the Analytics Engine and eliminates the need for custom coding for new measures and calculations, thereby creating a lower-cost analytics solution.

The CoreANALYTICS Quality and Reporting Modules provide integrated views of actionable information and insight into quality and performance across patient populations.  These modules include:

  • Meaningful Use Compliance and Reporting Module: Focused on analysis and reporting for successful participation in the CMS EHR Incentive Program and subsequent stages. 
  • At-Risk Population Module:  Analysis and reporting focused on high-cost, at-risk populations including analysis for care processes and utilization and performance against specific measures. 
  • Clinical Analytics for Care Coordination Module: Provides physicians “in time” information using dashboards and reports to manage patients with preventive guidelines stratified by disease state.
  • Financial Analytics: Analyzes cost savings achieved through clinical integration efforts and new care processes calculated within specific treatment patterns, clinical focus areas, populations, or globally.

“Encore’s partnership with CHI created a demanding laboratory that presented real-world challenges in dozens of hospitals with multiple EHR systems and a unified goal for improved care delivery in an unprecedented environment of change,” said Dana Sellers, CEO, Encore Health Resources. “The result is our Value-based Performance Improvement lifecycle of services, featuring the CoreANALYTICS road-tested software tools, which are now ready to help clients across our industry gain new insights that drive increasing value throughout their organizations and a future of intelligent health performance.”

About Catholic Health Initiatives

Catholic Health Initiatives is a national nonprofit health system with headquarters in Englewood, Colo.  The faith-based system operates in 19 states and includes 81 hospitals; 40 long-term care, assisted- and residential-living facilities; two community health-services organizations; two accredited nursing colleges; and home health agencies.  In fiscal year 2012, CHI provided more than $715 million in charity care and community benefit, including services for the poor, free clinics, education and research. With total annual revenues of more than $10.7 billion and approximately 86,000 employees, CHI ranks as the nation’s second-largest faith-based health system.

About Encore Health Resources (Encore)

Founded by healthcare veterans Ivo Nelson and Dana Sellers, Encore provides information technology consulting services and solutions to assist healthcare organizations with a wide range of strategy, advisory, implementation, process-redesign, and optimization activities.  Encore focuses on capturing data and establishing the analytical capabilities to meet the evolving information and reporting needs for health care providers to improve and document clinical and operational performance.

February 26, 2013 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 13 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit.

CEDARS-SINAI HEALTH SYSTEM SELECTS ENCORE HEALTH RESOURCES TO IMPLEMENT NEXT PHASE OF ELECTRONIC MEDICAL RECORD

HOUSTON, TX – February xx, 2011 — Encore Health Resources (Encore) a leader in advanced information technology services for the global healthcare industry, announced today that it has been selected by Cedars- Sinai Health System to partner in the organization-wide implementation of the health system’s multi-million dollar electronic medical record (EMR) project.  The partnership marks a significant competitive win for Encore, one of the fastest-growing health-information technology (HIT) services companies in the United States and recently named an “up and coming player” by KLAS Research.  Terms of the contract were not disclosed.

Encore will partner with Cedars-Sinai to plan and implement the next scheduled phase of      CS-Link™, which will focus on expanding computerized physician order entry (CPOE) and physician documentation at the hospital.  CS-Link™ is a multi-year, organization-wide initiative that will merge the health system’s existing financial and clinical applications into a single, integrated application suite.

“As part of our long-standing commitment to provide the highest quality patient care, Cedars-Sinai has chosen Encore for the proven skills and capabilities they bring to the table,” said Darren Dworkin, CIO, Cedars-Sinai Medical Center.

The Encore partnership with CSHS is focused on enabling the health system to achieve complete success in its CPOE implementation, putting the necessary tools in place to maintain such success for years to come.  A specific objective of the project is that Encore help Cedars-Sinai to attract and retain an internal team trained in skills and know-how that will reduce the use of consultants over time.  Encore and Cedars refer to this part of the partnership as “sustainability” – a term describing the delivery of high service levels to Cedars’ stakeholders that are independent of third-party support after project completion.

“At Cedars-Sinai, we’ll ensure that process redesign is incorporated with application capabilities that support user adoption,” said Dana Sellers, President and CEO, Encore Health Resources. “In bringing solutions to Cedars-Sinai, we’re committed to helping them achieve their immediate goals while preparing for a continued future of excellence.  To that end, our success will not only be measured along the way, but ultimately proven by Cedars-Sinai continued success with CPOE in the years to come.”

About Cedars-Sinai Medical Center

Cedars-Sinai Medical Center is one of the largest nonprofit academic medical centers in the western United States. For 17 consecutive years, it has been named Los Angeles’ most preferred hospital for all health needs in an independent survey of area residents. Cedars-Sinai is internationally renowned for its diagnostic and treatment capabilities and its broad spectrum of programs and services, as well as breakthroughs in biomedical research and superlative medical education. It ranks among the top 10 non-university hospitals in the nation for its research activities and was recently fully accredited by the Association for the Accreditation of Human Research Protection Programs, Inc. (AAHRPP). Additional information about Cedars-Sinai Medical Center is available at www.cedars-sinai.org.

About Encore Health Resources:

Encore Health Resources, founded by healthcare veterans Ivo Nelson and Dana Sellers, provides information technology consulting survices to the provider segment of the healthcare market.  For more information about Encore, please visit www.encorehealthresources.com.

February 22, 2011 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 13 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit.

OCHSNER SELECTS ENCORE HEALTH RESOURCES TO ASSIST WITH CLINICAL CONTENT DEVELOPMENT FOR THEIR EPIC IMPLEMENTATION

HOUSTON, TX – FEBRUARY 17, 2011Encore Health Resources, a leader in advanced information technology services for the global healthcare industry, has been selected to provide clinical content services for Ochsner Health System for their implementation of EpicCare Inpatient and Ambulatory.

Ochsner’s implementation of Epic to replace the scheduling, registration, billing and electronic medical records software in its clinics and hospitals will give the organization the opportunity to standardize across facilities and to take advantage of storing key patient data in a single system.

“Ochsner had already been a sophisticated user of technology,” said Chris Belmont, System Vice President and Chief Information Officer at Ochsner Health System. “Encore’s approach recognized our organization’s maturity, leveraging Ochsner’s own resources for a targeted, cost-effective solution to creating clinical content.”

Encore will provide consulting services throughout the year, facilitating an expedited process for the development of clinical content for Ochsner.  Through the use of tools and content from Zynx and CPM Research Center, Encore will facilitate the process to standardize and design evidence-based physician order sets (including the typical alerts, rules and reminders) for the inpatient and ambulatory enterprise and to standardize clinical documentation content and tools across the system, incorporating evidence-based content.

“Encore is delighted to be helping Ochsner move to Epic.  Our leadership team has had a long history of working with Ochsner, a valued long-term partnership,” said Steve Eckert, Partner, Encore Health Resources.  “We worked throughout the proposal process to understand Ochsner’s needs and craft the right solution. Through our responsiveness to Ochsner’s needs, we built confidence in our approach and our people.”

ABOUT OCHSNER HEALTH SYSTEM:

Ochsner Health System is Louisiana’s largest non-profit, academic, multi-specialty, healthcare delivery system with eight hospitals and over 38 health centers in southeast Louisiana.

ABOUT ENCORE HEALTH RESOURCES:

Encore Health Resources, founded by healthcare veterans Ivo Nelson and Dana Sellers, provides information technology consulting services to the provider segment of the healthcare market.  For more information about Encore, please visit www.encorehealthresources.com.

February 20, 2011 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 13 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit.