With the sector in a slump, some are looking to technology to drive future growth and profits [From our print edition featured in Monday's City Paper]
May 31, 2009 6:56 PM
Universal Robotics, which is marketing 'software with an IQ' for the warehouse sector, has raised $1.3 million from a dozen investors. Developed at NASA and Vanderbilt, the software has the capacity to learn processes as it handles tasks. HT: Venture Nashville's latest NEWSBITS
May 28, 2009 9:50 AM
The California-based company (Ticker: IM) that is 4 percent-owned by Nashville's Ingram family will forfeit $15 million to end an inquiry into its role in the fraud perpetrated by software marketer McAfee.
The distributor sought to benefit from McAfee’s willingness to make payments for increasing amounts of unneeded products, the SEC said. Ingram Micro employees ignored internal goals of carrying no more than eight weeks of inventory, accruing a 22-month supply. It later reduced the stockpile by engaging in circular transactions with McAfee that lacked “economic substance,” the regulator said.
May 12, 2009 10:35 PM
Even two years on, Community Health Systems continues to suffer headaches over an Indiana hospital it rolled up as part of its purchase of Triad. Porter Hospital, which was a contentious purchase from the get go, is at the center of a $3.4 million lawsuit filed against the hospital operator over software, the vendor claims, has not been paid for. After a year of claims and counter claims the legal scuffle is still not resolved
May 7, 2009 3:44 PM
The local venture capitalists take part in another round of funding for Sanovia, which helps insurers run their drug programs, and bring in Louisville's Chrysalis Ventures.
The exploding costs of specialty pharmaceuticals and the number of new drugs in the regulatory pipeline have now reached the attention of plans, PBMs, distributors and regulators alike. The fresh capital will allow Sanovia to continually enhance its product suite and also leverage the growth potential of recent partnerships.
May 6, 2009 12:36 AM
From Media Wire:
Baron Services, a leading weather technology company and Cell Journalist, a leading provider of user generated content (UGC) solutions to television stations and other media outlets, have signed an exclusive arrangement to integrate the two robust technology platforms making possible an unprecedented level of coverage for news, weather and sporting events. The Cell Journalist platform enables any individual with a cell phone, iPhone, or Blackberry to upload images and videos of newsworthy events as they happen, and it allows newsrooms and weather centers to expedite the content to air and online use. As a result of the alliance, Baron's Omni and FasTrac weather systems, which merge radar and forecast display, live weather graphics and sensor data into one seamless presentation without rendering will add the dimension of actual photos and video from storm fronts.
Apr 14, 2009 8:53 AM
IMI Health announced that it has earned National Committee for Quality Assurance (NCQA) Healthcare. From a press release:
HEDIS software calculates standard measures to support annual audit and reporting requirements for health plans, and IMI Health’s NCQA-Certified software helps health plans measure quality and lower audit requirements. HEDIS specifications are updated annually and software vendors must make changes to comply with the measures and gain certification each year. All U.S. health plans seeking NCQA Accreditation must comply annually with the calculation of standard measures and completion of an audit. Health plans that select a certified software vendor are exempt from source code review. Health, plans even without the mandate for review and audit, can benefit by proactively using HEDIS measures to demonstrate their effectiveness.
Apr 7, 2009 9:33 AM
POSTDATA: WARRANTY DEEDS