Health care IT company Medhost announced that San Jorge Children's Hospital in San Juan, Puerto Rico has selected the company's integrated enterprise solutions.
Through the deal, terms of which were not disclosed in a release, San Jorge will adopt all the system's applications, including the emergency department system and the physician documentation application. San Jorge will also begin efforts to attain Meaningful Use status for electronic health records.
"San Jorge Children's Hospital is taking a thorough approach to preparing for the future and how it cares for patients, and we are excited that they chose MEDHOST'S Enterprise Clinical and Financial solutions as part of its plans," said Craig Herrod, president of Medhost.
Health care IT company Informatics Corp. of America has partnered with Michigan-based Upper Peninsula Health Plan in a pilot care coordination program.
Through the partnership, terms of which were not disclosed in a release, UPHP will use ICA's infrastructure to manage hospital discharges for the insurer's Medicaid population. A key focus of the program will be contacting patients within 48 hours of discharge. UPHP will expand its existing ICA health information exchange with the company's care coordination solutions.
"To better serve its covered population and provider network, UPHP wanted to enhance its care coordination by improving time-consuming and costly workflow processes required to manually verify inpatient and discharge status of its members," said Gary Zegiestowsky, CEO of Nashville-based ICA.
Franklin-based health care IT company Cumberland Consulting Group announced today it has expanded its business development team with the addition of three sales directors.
Steve Morgan, previously a client sales manager at Allscripts, will lead business development efforts for the Midwest and Northeast. Jamie Lynn Ray, previously the vice president of sales at First Choice Professionals, will oversee efforts for the West Coast. And Todd Ryan, former regional director of enterprise solutions for GetWell Network, will lead business development efforts in Middle Tennessee.
"The addition of Steve, Jamie Lynn and Todd will allow us to effectively connect with potential clients nationwide and will help us meet our strategic growth goals," Dave Vreeland, Cumberland partner and leader of business development, said in a release." "I am excited to have these experienced and highly knowledgeable sales professionals join our team."
Investment bank Signal Hill, which has a downtown office focused on the health care and government outsourcing sectors, has released a 2011 mergers and acquisitions recap and provides a brief outlook for health care services in 2012.
Factors we expect to drive continued M&A in the Healthcare Services sector during 2012 include:
The proliferation of Accountable Care Organizations (ACO’s) will drive consolidation in numerous areas of healthcare services:
- Hospital systems will be aggressive in acquiring various hospital-based provider services (anesthesiologists, radiologists, etc.) in order to establish market dominance;
- Outsourced Services will be imperative to large health systems as they look to extract cost savings – Private Equity will continue to exert significant time in this space;
Continued headwinds on hospital reimbursement will likely result in the combination of various for-profit operators and will undoubtedly lead to additional interest from the private equity community as regional systems seek new
Behavioral Health consolidation will continue as the combination of strong industry fundamentals (i.e. reimbursement, demand, increased acceptance by society) and an aggressive acquisition strategy by a new entrant with experienced management (Acadia Healthcare) will produce attractive valuations.
As for the health care information technology, Signal Hill had the following outlook:
Factors we expect that will drive continued M&A in the healthcare IT sector during 2012 include:
-The next phase of government healthcare reform and IT incentives, which will continue to generate growth in the adoption and meaningful use of electronic medical records;
-Growth in mobile health technology, such as tablet computers and related applications;
-Increasing growth in Radiology Information Systems (RIS) and Picture Archiving and Communication Systems (PACS) technology;
-The emergence of analytics and healthcare “BI” tools that begin to leverage the medical and clinical data now being digitized.
Custom Software Systems announced Tuesday that it will change the Nashville-based company name to CSS Health Technologies and take part in an aggressive rebranding campaign, effective immediately.
"CSS Health Technologies is a name that more accurately reflects the changes in not just the company itself, but in the industry as well," said Richie Wilkes, CSS Health Technologies President and CEO. "Today we are a forward thinking company driven in our quest to enhance and make available technology for rural and community hospitals, as a result, improving the health of its citizens.
Wilkes added, "CSS Health Technologies is the appropriate name for our company, given that we are more than software developers. We are a trusted partner and industry leader in Healthcare IT with all of our clients, current and future."
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