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GE to Acquire API Healthcare

WAUKESHA, Wis. & HARTFORD, Wis.–GE (NYSE: GE) announced today it has agreed to acquire API Healthcare, a healthcare workforce management software and analytics solutions provider, headquartered in Hartford, WI. The acquisition aligns with GE’s Industrial Internet strategy to invest in strong, innovative businesses that enhance GE’s portfolio in software, data and analytics. The acquisition, subject to regulatory approval, is anticipated to close in the first quarter of 2014. Financial terms were not disclosed.

“Health care productivity is more important than ever for hospitals as more patients enter the system and operational costs continue to climb”

Improving operational efficiencies is critical for healthcare administrators today. Patients wait to be admitted and discharged. Doctors wait for test results. Staff wait for assignments. Rooms wait to be cleaned. Every hour spent waiting represents billions of dollars in costs to hospitals in aggregate each year. API Healthcare’s complementary offerings will expand GE Healthcare’s current Hospital Operations Management (HOM) portfolio, which gives hospitals real-time access to operational data.

“Labor costs represent over 50 percent of hospital operating budgets,” said Michael Swinford, President & CEO, GE Healthcare Services. “With this acquisition, GE Healthcare will be able to address a significant portion of hospital operations costs – assets, patients and labor – with a mix of software, real-time data, powerful analytics and professional services.”

API Healthcare’s solutions – staffing and scheduling, patient classification, human resources, talent management, payroll, time and attendance, business analytics, and staffing agency offerings – are used by more than 1,600 hospitals and staffing agencies in the U.S. API Healthcare has been rated by KLAS as having the top time and attendance solution for the last 10 years (2002-2012) and the top staffing and scheduling solution provider in 2012.

“Health care productivity is more important than ever for hospitals as more patients enter the system and operational costs continue to climb,” said John Dineen, President & CEO, GE Healthcare. “In addition to clinical systems, hospitals need operational management systems to drive enterprise-wide efficiencies, reduce unnecessary costs and enable improved patient care. Over the next 5-7 years, we believe sales of these systems will accelerate towards double-digit growth and GE Healthcare will lead the way.”

GE Healthcare will work with hospitals and health systems in three key areas:

  • Asset Optimization: Manage and track the utilization of assets throughout their lifecycle, helping to lower costs and improve efficiency.
  • Patient Flow Optimization: Manage and track patients and workflow from admission to discharge in real-time, lowering costs and increasing transparency.
  • Workforce Optimization: With the addition of API, enable better insight into staffing and scheduling to help ensure the right staff member is assigned the right patient at the right time.

Comprehensively managing the scheduling, flow and availability of staff, patients and assets will help hospitals realize significant productivity gains.

“This acquisition will bring API Healthcare’s complementary offerings together with one of the world’s leading healthcare companies to help customers make data-driven decisions on staffing and operations,” said J.P. Fingado, President & Chief Executive Officer, API Healthcare. “As the demands of an aging population increase and the greater challenges associated with a changing workforce take hold, operational efficiency has never been more important. We are excited to expand our capabilities and address customers’ toughest challenges together with GE.”

Once the transaction closes, the API Healthcare solutions will be part of the Predicitivity™ Industrial Internet portfolio alongside GE Healthcare’s existing HOM offerings.

About GE Healthcare

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

For our latest news, please visit http://newsroom.gehealthcare.com.

About API Healthcare

API Healthcare (www.apihealthcare.com) is a healthcare-specific vendor focused on workforce management solutions, and also the architect of the Healthcare Workforce Information Exchange (HwIE) — a revolutionary solution that facilitates the sharing of workforce data across the entire continuum of care. Founded in 1982, API Healthcare has been rated in the Top 20 Best in KLAS Awards Report (www.KLASresearch.com) as the top time and attendance provider system for the last 10 years (2003-2012) and the top staffing and scheduling solution in 2012. API Healthcare was acquired by private equity firm, Francisco Partners, in 2008. The Company was advised by Spurrier Capital Partners, a technology-focused M&A advisory firm in New York.

January 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 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.

Frost & Sullivan Recognizes GE Healthcare for Excellence in Radiology Informatics

BARRINGTON, Ill. – June 19, 2013 GE Healthcare’s excellence in radiology informatics was recently recognized when honored by Frost & Sullivan’s 2013 North American Company of the Year Award in Radiology Informatics. The award, which was given to GE Healthcare IT, is part of Frost & Sullivan’s “Excellence in Best Practices Awards,” which are presented each year to companies that are predicted to encourage significant growth in their industries, have identified emerging trends before they became the standard in the marketplace and have created advanced technologies that will help transform industries in the near future.

“We are honored to receive this distinctive recognition from Frost & Sullivan,” said Michael Jackman, vice president and GM of GE Healthcare IT. “Our team is focused on building world-class products for Enterprise Imaging and it’s very exciting to receive acknowledgement from thought leaders in healthcare for our efforts.”

Based on its recent analysis of the radiology informatics market, Frost & Sullivan especially highlighted GE’s significant research and development investments, which resulted in the launch of two important new products in 2012, its Universal Viewer and Centricity* Clinical Archive solutions.

With Centricity PACS with Universal Viewer, GE Healthcare is putting clinical insight within reach to help radiologists and referring physicians deliver patient results efficiently. Universal Viewer brings together advanced visualization, intelligent productivity tools, and multimodality workflow for oncology and breast imaging all within one intuitive workspace that can be accessed anywhere, anytime.

Centricity Clinical Archive consists of a suite of products and services designed to provide an end-to-end solution. Unlike vendor-neutral archives that only support departmental DICOM consolidation, Centricity Clinical Archive unifies patients’ images and documents across the care continuum, helping clinicians make informed decisions with greater efficiency.

“GE Healthcare’s upgraded solution set is in perfect alignment with the evolving end-user demands and various directions being taken on by imaging providers in the U.S. market today. Combining top-quality service, high performance and technology innovation, GE Healthcare’s Centricity imaging solutions, in use by over 3,000 organizations, have a proven track record of allowing providers to lower cost of ownership today, while preparing for the challenges of the future,” said Frost & Sullivan Principal Analyst Nadim Daher.

“This upgraded value proposition exemplifies GE Healthcare’s renewed vision and focus on delivering innovative radiology informatics solutions as one way of helping providers transition to an integrated collaborative care model,” noted Daher.

*Centricity is a Registered Trademark of General Electric Corp.

About GE Healthcare

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

 

June 28, 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.

GE Healthcare Launches Centricity Imaging IT Tour 2013 in Dallas

June to October Tour Brings GE Healthcare’s Centricity Imaging Technologies to Hospitals and Medical Centers Across the US and Canada for Viewing and Demonstrations 

DALLAS – June 6, 2013 – Between June and October, 2013, healthcare providers at hospitals and medical centers across the US and Canada can experience GE Healthcare’s entire line of Centricity* Imaging technologies when the Centricity Imaging IT Tour visits locations in over 30 major markets.

“GE Healthcare is about connecting productivity with care on every level,” says David Hale, vice president & GM, GE Healthcare IT, US & Canada. “This tour is one example of that. We are bringing our imaging technologies to the healthcare providers who need to view and assess them, saving them the time and expense of traveling to a trade show to do their research.”

The tour provides access to GE Healthcare’s full line of imaging IT solutions including Centricity PACS or PACS-IW with Universal Viewer, Centricity RIS- IC, Centricity Imaging Analytics, Centricity Cardio Enterprise, Centricity Clinical Archive, Centricity Radiology Mobile Access, AW Advanced Applications, and Dose Monitoring.

Healthcare providers’ recognition of the value of GE Healthcare’s imaging IT solutions to their practices was reaffirmed in May when GE Healthcare was named the 2013 North American Radiology Informatics Company of the Year by Frost & Sullivan.  The Award announcement stated that “GE Healthcare has remained the undisputed leader in the U.S. radiology informatics market for over a decade, both in terms of market revenue and installed base.”

To learn more about the Centricity Imaging IT Tour 2013 or to register to host a visit, go to

http://www3.gehealthcare.com/en/Products/Categories/Healthcare_IT/Centricity_Imaging_Tour.

*Centricity is a registered trademark of General Electric Company.

ABOUT GE HEALTHCARE:

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

For our latest news, please visit http://newsroom.gehealthcare.com

June 12, 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.

GE Healthcare IT Announces New Initiatives in Support of Customers

Company Showcases Customer-Facing Business Plans as Customers Converge on Washington, D.C.

WASHINGTON, D.C. – April 15, 2013 — As many GE Healthcare IT customers converge on the nation’s capital for the company’s largest user group meeting of the year, the Company is announcing several new initiatives intended to continue the focus on customers, year-round.

GE to Honor Productivity Champions

At this year’s session, GE Healthcare is announcing an effort to find the practices that most embody GE Healthcare’s vision of “connecting productivity with care.”  The Centricity Productivity Award honors facilities that have used GE Healthcare IT solutions to boost productivity in significant and measurable ways. Beginning in September, GE Healthcare will collect nominations for the award and a judging committee comprised of customers and GE Healthcare executives.  Judges will then award the winners with gold, silver and bronze level recognition at next year’s Centricity LIVE event in Denver.

Centricity Imaging Solutions Tour

As demand for next generation imaging IT rises, GE Healthcare is finding ways to drive the possibilities to customers, literally.  This year, GE “takes the show on the road” with the Centricity Imaging Solutions Tour that starts in Dallas, site of the annual Society for Imaging and Informatics in Medicine meeting, June 3-7. The truck makes roughly three stops a week as it travels the country for five months. “The goal is to bring our equipment to our customers so they don’t have to wait for a trade show to see it,” said Mike Jackman, vice president and general manager of GE Healthcare IT. “It’s just another example of how we’re investing to help solve our customers’ imaging needs.”

New Centricity Channel Program to Support Ambulatory Practices Nationwide

GE Healthcare is making significant investments to support small and midsize independent practices nationwide through an expanded partner ecosystem.  Building on the recent launch of Centricity Practice 11 (CPS), which now offers ICD-10 readiness and exciting new features like one-click problem entry, we have expanded our network of Value Added Resellers (VARs) across the nation who sell the solution. In addition, we launched a new, tiered Centricity Channel Program. The program enables partners with marketing funds, co-op funds, performance rebates, and extensive training & certification programs to provide a world class solution and support to practices.  Partners also leverage the broader GE Healthcare marketing activities to help create demand and extend the offering. For information on participating partners in your region, visit the CPS Website, or, for resellers interested in partnering with GE, please email centricitypartner@ge.com

This week’s 2013 GE Healthcare IT User Conference, Centricity LIVE, is the year’s main event for the business’ U.S-based customers to share knowledge and learn best practices in order getting the most out of Centricity software solutions.

“It’s the one event this year where we pull our customers to one place,” said David Hale, vice president and general manager of GE Healthcare IT. “We’ll combine the feedback gathered at these sessions with that collected from our other, regular listening mechanisms. We regularly conduct customer surveys, product demonstrations and focus groups to form a continual, year-round feedback loop, the foundation of our relationship with our valued customers.”

*Registered trademark of General Electric Corp.

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

 

May 29, 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.

GE Healthcare Announces Centricity Practice Solution 11

New Ambulatory EMR Offering Simplifies ICD-10 Readiness with One-click Problem Entry and Mapping to ICD-9 Codes

BARRINGTON, Ill. – Jan 24, 2013 – GE Healthcare today announced the release of Centricity* Practice Solution 11, the next generation of its fully integrated EMR and Practice Management solution.   With a dynamic search engine and one-click problem entry, Centricity Practice Solution simplifies the data entry required for medical providers to comply with new the ICD-10 coding requirements and reduces the number of clicks required to enter a problem by 75%.  Combined with the ability to customize workflows, this new solution will help ambulatory practices adjust to healthcare reform and embrace new care models.

With the mandatory transition to ICD-10 codes in October 2014, US providers face a daunting challenge.  While the new coding system has many benefits, including measuring the quality, safety and efficacy of care, it multiplies the ICD-9 dataset by a factor of five and will require a significant amount of training and effort for providers to successfully navigate. With today’s release of Centricity Practice Solution 11, GE Healthcare helps ease the transition to ICD-10 for its customers.

“I’m impressed with the mapping functionality between ICD-9 and ICD-10 codes,” said Dr. Jay Prakash from South Atlanta Medical Clinic. “When our practice has to go through the coding transition next year, the bulk of the learning curve will already be behind us. We are already making use of the one-click problem entry and the search functionality is exceptional.”

Both ICD-9 and ICD-10 codes come pre-loaded in the patient chart, and are delivered through a dynamic search engine, enabling providers to efficiently assign the diagnosis code. Additionally, the search engine uses an algorithm to both predict common search terms and map ICD-9 codes to ICD-10 codes using guidance from CMS where there is a one-to-one correlation, so providers can see the links between the two systems. Problem codes are fully searchable and, once the provider selects the appropriate diagnosis, correlating codes are automatically mapped to both ICD-9 and ICD-10,where there is a one-to-one match.

“The transition to ICD-10 represents one of the most significant changes to clinical documentation since EHR adoption.   Providers that don’t manage the transition well will face high levels of denied claims, delayed payments, inconvenience to patients and potentially legal exposure in the event that improper coding is audited,” said Judy Hanover, research director with IDC Health Insights. “Products that help ease the pain of the transition should do very well in this market.”

Robust features enable providers to spend more time with patients

Centricity Practice Solution offers enhancements in three key areas that help to improve clinical and financial productivity for ambulatory practices:

  • Customizable: Centricity Practice Solution offers flexible workflows that providers can configure to mirror how their specific practice operates, thus reducing the amount of time spent on data entry. Additionally, CPS allows exceptional customization and decision support tools that enable  efficient patient encounters.
  • Progressive: In addition to the predictive search engine and one-click problem entry, Centricity Practice Solution includes a portfolio of pre-built reports and access to GE’s database of nearly 30 million de-identified patient records, so that providers can gather information to prepare to attest for Meaningful Use, benchmark clinical outcomes and adopt new care models like Patient Centered Medical Home.
  • Interoperable: Centricity Practice Solution is available as a fully-integrated EMR/PM package, or either module can be configured to operate as a standalone solution. Centricity Practice Solution also has the built-in tools and forms that enable it to connect to virtually any hospital EMR or revenue cycle system, thus enabling providers to share data with multiple delivery networks in order to offer more coordinated, data-driven care.

“Centricity Practice Solution gives our customers a leg up on transitioning to ICD-10 coding standards,” said Mike Friguletto, vice president and general manager of GE Healthcare IT.  “Our customers that choose to upgrade will be thrilled with the one-click problem entry and ability to continue to customize workflows. It’s truly a game-changer.”

*Registered trademark of General Electric Corp.

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About GE Healthcare
GE Healthcare provides transformational medical technologies and services that are shaping a new age of patient care. Our broad expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, drug discovery, biopharmaceutical manufacturing technologies, performance improvement and performance solutions services help our customers to deliver better care to more people around the world at a lower cost. In addition, we partner with healthcare leaders, striving to leverage the global policy change necessary to implement a successful shift to sustainable healthcare systems.

Our “healthymagination” vision for the future invites the world to join us on our journey as we continuously develop innovations focused on increasing access and improving quality and affordability around the world. Headquartered in the United Kingdom, GE Healthcare is a unit of General Electric Company (NYSE: GE). Worldwide, GE Healthcare employees are committed to serving healthcare professionals and their patients in more than 100 countries. For more information about GE Healthcare, visit our website at www.gehealthcare.com. For our latest news, please visit http://newsroom.gehealthcare.com.

January 24, 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.

GE Healthcare Announces New Clinical Research Management Solution

Centricity* Research Supports Research Efficiency and Compliance Across Broad Spectrum of Clinical Research

GE Healthcare, a global leader in healthcare information technology, today announced Centricity Research, a new clinical research management solution (CRMS).  Centricity Research will help improve the efficiency and efficacy of clinical research studies, enterprise-wide, by driving better management of treatment plans, processes, and protocols while supporting research billing compliance.

Available today, Centricity Research is the industry’s first enterprise-class clinical research management solution.  Centricity Research helps institutions conducting clinical or translational research manage the growing complexity of research processes and compliance requirements. Centricity Research has robust functionality, built on the foundation of the currently available Centricity Patient Protocol Management solution, to support both the institutions’ and researchers’ efforts in achieving compliance, enhancing safety, increasing subject recruitment, and facilitating agency audits.

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In addition, GE Healthcare has developed a strategic partnership with mdlogix, which developed its CRMS in collaboration with the Johns Hopkins University School of Medicine and other leading clinical research institutions.

“The enterprise deployment of CRMS at Johns Hopkins includes all departments in the School of Medicine,” said Dr. Dan Ford, Vice-Dean of Clinical Research at the Johns Hopkins School of Medicine.  “We have over 4,000 protocols currently in CRMS, with over 1,100 of those being active, and approximately 25% of those protocols using CRMS solely at the discretion of the researchers themselves because of the value they gain from the system.   CRMS has helped us more efficiently manage the 30% increase we have achieved in the number of research studies conducted at the Johns Hopkins School of Medicine since 2007.”

Centricity Research helps ensure adherence to protocols and maximizes clinical research dollars, while providing the foundation for the continuous improvement of research processes. The platform can integrate with a variety of existing institutional systems, including electronic IRB systems, EMR/EPR systems, and revenue cycle management (RCM) systems.

“GE Healthcare is introducing a major leap forward in clinical research management,” said Jim Corrigan, Vice President and General Manager of GE Healthcare IT.  “We’re introducing a system that not only connects to our other Centricity offerings, but is pliable enough for today’s market by easily integrating with the variety of other systems that institutions have in place.”

“Having successfully deployed our enterprise CRMS at one of the leading research institutions in the nation, we are pleased to work with GE Healthcare to bring this enterprise solution to market,” said Aaditya Goswami, CEO of mdlogix.  “Our partnerships allow us to offer a solution unique in the domain for supporting clinical research compliance and maximizing efficiency. Centricity Research not only serves the needs of researchers and clinicians, but also those of billing staff and research administrators.”

For more information about Centricity Research, please visit www.gehealthcare.com/centricity or emai lGECentricityBusiness@ge.com to request a demonstration.

*Centricity is a registered trademark of General Electric Company.

ABOUT GE HEALTHCARE:

GE Healthcare provides transformational medical technologies and services that are shaping a new age of patient care. Our broad expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, drug discovery, biopharmaceutical manufacturing technologies, performance improvement and performance solutions services help our customers to deliver better care to more people around the world at a lower cost. In addition, we partner with healthcare leaders, striving to leverage the global policy change necessary to implement a successful shift to sustainable healthcare systems.

Our “healthymagination” vision for the future invites the world to join us on our journey as we continuously develop innovations focused on reducing costs, increasing access and improving quality around the world. Headquartered in the United Kingdom, GE Healthcare is a unit of General Electric Company (NYSE: GE). Worldwide, GE Healthcare employees are committed to serving healthcare professionals and their patients in more than 100 countries. For more information about GE Healthcare, visit our website atwww.gehealthcare.com.

 

April 7, 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.