Business and Finance

Friday, February 18, 2011

Health IT Business News Roundup for the Week of February 18, 2011

M&A, Financial Reports and Funding

Merge Healthcare reported Q4 2010 revenue of $46.2 million, compared with a Q4 2009 revenue of $19.3 million.

Contracts

The Northern Ohio Trauma System has chosen medical imaging exchange technology from lifeIMAGE…the Arkansas Regional Extension Center has designated SuccessEHS as a preferred EHR vendor...Kennedy Health System in New Jersey has chosen a remote vital signs monitoring system from ExpressMD Solutions…the Australia Department of Defence has awarded a five-year contract to CSC to develop and implement an EHR system.

The West Virginia Regional HIT Extension Center has selected eight preferred EHR vendors: Allscripts, athenahealth, eClinicalWorks, e-MDs, GE Healthcare, Greenway Medical, NextGen Healthcare and SageMental Health Center of Denver has chosen accounting software from SerenicRiverside HealthCare in Illinois has chosen an EHR system from eClinicalWorksUniversity Hospitals in Ohio has expanded its deployment of ambulatory and acute care applications from Allscripts.

Advanced Orthopedics & Sports Medicine in Texas has chosen EHR technology from ChartLogicBaptist St. Anthony's Health System in Texas, Peconic Bay Medical Center in New York, Children's Hospital, New Orleans, Touro Infirmary in Louisiana and MaineGeneral Health all have chosen Web-based health information systems from Siemens HealthcareCasa Grande Regional Medical Center in Arizona has chosen virtual house call technology from Stat Health Services...Wisconsin-based Memorial Medical Center has selected NextGen Healthcare Information Systems technology services.

The Oklahoma Health Care Authority has awarded Hewlett-Packard a seven-year, $281 million contract to add IT services to prepare for health care reform and to offer more accessibility to the state's Medicaid program…California's Stan Cassidy Centre for Rehabilitation has selected Orion patient portal technology…California's John Muir Health and MuirLab have selected AT&T's health information exchange software...MedCentral Health System in Ohio has selected MobileMD for health information exchange technology.

Product Development and Marketing

Business analytics software and services provider SAS has partnered with GE Healthcare to use SAS technology in helping hospitals address preventable adverse medical events…health IT company Emdeon has joined with diagnostic testing company LabCorp to promote a co-branded EHR system for physician practices across the country…VisionShare, a health care information network, is working with Microsoft to build an encrypted e-mail portal for physicians under Direct Project protocols.

LifeNexus will incorporate VeriFone Systems' electronic payment system technology in its personal health card...Misys Open Source Solutions, a health information exchange software provider, and Apixio, a provider of search applications for clinical software, have teamed up to offer data parsing and vocabulary normalization techniques.

Health IT company Shared Health will combine its products with Health Language's medical terminology management services…Nuance Communications and 3M Health Information Systems will deliver a clinical documentation system for the ICD-10 transition...Sprint will provide 3G connectivity to BL Healthcare's remote monitoring products.

Personnel

Ed Cantwell -- former director of 3M's Wireless Business Unit and chair, CEO and founder of InnerWireless -- has been appointed senior vice president of West Wireless Health Institute, a medical and wireless technology research organization...Wayne Erwin -- COO at Crossroads Regional Hospital in Louisiana -- has been appointed vice president of business development at InoLife Technologies, a marketer of DNA-based test products.

William Cox -- one of the founders of medical billing software company Encoda -- will take over as the company's president and CEO…Mike Thompson -- executive vice president of worldwide sales and marketing at Sepaton, a health data protection company -- has been named president and CEO of the company.



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