Business and Finance

Friday, February 11, 2011

Health IT Business News Roundup for the Week of February 11, 2011

M&A, Financial Reports and Funding

WellDoc, a health care technology company, has acquired home health care provider consultant Oncology Care Home Health Specialists for an undisclosed amount…health care analytics and data-mining services provider SCIOinspire has acquired National Audit, a provider of auditing services for insurers, for an undisclosed amount.

Patrick Soon-Shiong, a philanthropist and surgeon, has purchased Vitality, a manufacturer of Internet-connected pharmaceutical pill bottles, for an undisclosed amount…Kronos, a labor management software vendor, has acquired API Healthcare, a health care human resources software provider, for an undisclosed sum…health care software company Healthagen has acquired health care scheduling software company AppointmentCity.com for an undisclosed amount.

Health IT company Cerner reported 2010 revenue of $1.85 billion, up from $1.67 billion in 2009, and reported a Q4 2010 net income of $70.6 million, compared with a Q4 2009 net income of $60.5 million...Computer Sciences Corp., a health IT services provider, reported a Q3 2010 net income of $242 million on $4 billion in revenue, up from a Q3 2009 net income of $211 million on $3.95 billion in revenue.

Contracts

Charlotte Hungerford Hospital in Connecticut has chosen health information exchange software from MobileMDNess County Hospital in Kansas has selected EHR technology from Prognosis Health Information SystemsTri-State Memorial Hospital and nearby Pullman Regional Hospital in Washington state have chosen EHR, practice management and interoperability applications from Greenway Medical Technologies...Catholic Health Partners will implement automated care coordination and population health management technology from Phytel at locations in Kentucky, Ohio and Tennessee.

Visiting Nursing Association of Western New York has selected a health care referral management system from Authentidate HoldingPrinceton Healthcare System has selected patient monitoring technology from OSI Systems University and an interactive patient care system from GetWellNetwork...KishHealth System in Illinois has selected health information exchange software from Medicity...Beth Israel Deaconess Physician Organization has selected data analytics services from Ingenix.

Saint Barnabas Health Care System in New Jersey has selected Wave Systems' self-encrypting drives to protect personal health information…the University of Kansas Medical Center has chosen cloud computing services from AccelaradButler Health System in Pennsylvania has chosen health information exchange services from GE HealthcareSt. Anthony's Medical Center in Missouri has chosen health care customer relationship management technology from REACH3Advocate Health Care in Illinois has selected interoperability software from Certify Data Systems.

Product Development and Marketing

General Dynamics IT will collaborate with McKesson Provider Technologies to provide EHR services to the Department of Defense; GDIT also has partnered with TIBCO Software to help customers transition to HIPAA 5010 and ICD-10 coding…MapMyFITNESS, a provider of mobile health and fitness-related software, will partner with health insurer Humana to design a health promotion social networking platform for its members.

Personnel

Kirk Loevner -- former CEO at mobile drug reference content software vendor Epocrates -- has been named CEO of data transfer software provider Resilient Network Systems…Illinois Gov. Pat Quinn (D) has appointed eight board members to the Illinois Health Information Exchange AuthorityGary Wright -- former president and CEO of the health IT firm VasoNova -- has been named president and CEO of Allocade, a health care software company.

Charles Wagner -- former managing director of U.S. health care operations and global health care application delivery at Dell Services -- has been appointed vice president and general manager of the College of American Pathologists' SNOMED Terminology Solutions division.



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