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Business and Finance

Friday, April 23, 2010

Health IT Business News Roundup for the Week of April 23, 2010

M&A, Financial Reports and Funding

Medical Transcription Billing, a provider of physician office practice management and EHR services, has acquired Medical Accounting and Billing for an undisclosed sum.

MedQuist, a transcription services and software vendor, and its corporate parent CBay will acquire Spheris, a technology platform and transcription services provider, for $98,833,900 in cash and a $17.5 million promissory note from MedQuist.

Contracts

Brookwood Medical Center in Alabama, Carolinas Healthcare System in North Carolina, Fairview Health Services in Minnesota, Gunderson Lutheran Medical Center in Wisconsin, Midwest Regional in Oklahoma and Wellstar in Georgia have selected GE Healthcare IT's Maternal-Child Centricity Perinatal clinical information system.

Optimal IMX, a radiology services provider, has selected MobileMD's health information exchange technology and services...The Kansas Health Policy Authority has selected Hewlett-Packard to provide technical services for the state's Medicaid program.

Southwest Mississippi Regional Medical Center has selected Wolters Kluwer Health's ProVation Order Sets as its electronic ordering and clinical decision support system...Texas Health Presbyterian Hospital-WNJ has selected PHNS as a health IT services provider.

University Hospitals in Cleveland has launched Siemens Healthcare's Soarian Financials revenue cycle management application at its University Hospitals Case Medical Center facility...Clinics of North Texas has selected Allscripts' EHR and practice management application.

Product Development & Marketing

KIKA Clinical Solutions, a clinical trial software platform provider, has entered into a partnership with Carestream Health, a provider of imaging and health IT applications, to deploy the firms' technology for six clinical trials...Health Care Systems, a provider of medication reconciliation applications, is partnering with Eclipsys to integrate its medication tools with Eclipsys' Helios open EHR platform.

Caliber Point Business Solutions, a business processes service provider, has entered into a partnership with health IT company MedLink to develop an integrated system for clinical and billing data.

Personnel

Nick van Terheyden -- former chief medical officer at speech recognition software provider M*Modal -- has been named chief medical information officer-clinical language understanding for Nuance Communications, another speech recognition software provider...Michael Ball -- former vice president of marketing and professional services at InfoMedics, a provider of health care communication applications -- has been named senior vice president North America at BridgeHead Software, a health data storage services provider.

Mark McClellan -- director of health policy studies at the Brookings Institution and former CMS administrator -- has been named chair of the Commission of the Center for Aging Services Technologies...James Winn -- executive counselor to the commissioner of the Social Security Administration -- has been named special advisor for health IT for the agency.

Tim Eggena -- executive vice president of NextGen Practice Solutions, a practice management and EHR application provider -- has been named executive vice president of research and development at Quality Systems, NextGen's parent company...Monte Sandler -- former vice president of account management at NextGen Practice Solutions -- has been named executive vice president of the company...Donn Neufeld -- senior vice president and general manager of Quality Systems' dental unit -- has been named executive vice president of electronic data interchange and dental, for both NextGen and Quality Systems.



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