Business and Finance

Friday, October 19, 2012

Health IT Business News Roundup for the Week of October 19, 2012

M&A, Financial Reports and Funding

ExlService, a provider of outsourcing and business process management systems, has acquired Landacorp, a provider of population health management software, for an undisclosed sum...Wolters Kluwer Health, a health care information and business intelligence services provider, has acquired Health Language, a provider of medical terminology management systems, for an undisclosed sum.

SA Ignite, a provider of meaningful use compliance software, has closed a Series A round of funding led by venture capital firm Aligned Partners...Healthrageous, a provider of health coaching platforms, has raised $6.5 million in second round funding from multiple investors.

Contracts

Lowell General Hospital in Massachusetts and Regional Medical Center at Memphis in Tennessee have selected Aruba Networks' wireless local area network...Mount Sinai Queens, an acute care facility in New York City, has selected Epic Systems' EHR system...PIH Health, a not-for-profit regional health care delivery network in California, has selected Just Associates' remote master patient index management services...the state of Tennessee has awarded Healthways a five-year contract to implement its population health management services for the state's group insurance program...Baptist Health South Florida will offer CareCloud's cloud-based EHR, practice management and revenue cycle management tools to its affiliated physicians.

UMass Memorial Healthcare, a health care system serving Central New England, has selected Informatica and MedCPU to provide administrative and clinical support tools for its readmissions reduction initiative...Baptist Memorial Health Care, a health care system in Tennessee, has selected EMC's EHR, virtualization and integration tools...Wenatchee Valley Medical Center, a health care delivery system in Washington state, has selected Merge Healthcare's picture archiving and communication system…Mid Dakota Clinic in North Dakota has selected athenahealth's EHR system...Anesthesia Healthcare Partners -- a national anesthesia staffing and services firm -- has selected McKesson's revenue management tools for its 30 locations in eight states.

Product Development and Marketing

GetWellNetwork, a provider of interactive patient care tools, is partnering with Treatment Diaries, a health care social network, to provide patient engagement tools and services...InterSystems, a provider of connected care software, is partnering with eHealth Technologies, a provider of imaging tools for EHR systems and health information exchange technology, to provide access to a diagnostic imaging platform...athenahealth will partner with MedChi, the Maryland State Medical Society, to provide the state's physicians with access to athenahealth's cloud-based EHR, practice management and care coordination tools.

Blue Cross and Blue Shield of North Carolina has partnered with Walgreens Take Care Health Systems and telehealth firm American Well to provide telehealth services to its employees; American Well also is integrating its telehealth system with Allscripts' EHR platform...AT&T has partnered with Embedded Wireless to provide a remote patient monitoring and response system for eldercare services...Omnicell, a provider of medication management tools and health care analytics software, has partnered with Cerner, a provider of clinical and revenue cycle management tools, to provide technology that connects medical devices to EHR systems.

Personnel

Richard Poulton -- former CFO and treasurer at AAR Corporation, a provider of products and services for the aviation and federal defense industries -- has been named CFO at Allscripts, an EHR systems provider...Cathy Wolfe -- former CEO of Wolters Kluwer U.K. -- has been named president and CEO of medical research at Wolters Kluwer Health, a health care information and business intelligence services provider...Michael Valentine -- CEO of Netsmart, a software developer and IT provider for health care organizations -- has been appointed to the board of directors for Streamline Health Solutions, a provider of content management, business analytics, computer-assisted coding and clinical documentation improvement tools.

Rich Enz -- former associate director of application programming at Teva Pharmaceuticals -- has been named vice president of quality assurance at Comprehend Systems, a provider of clinical data visualization, analytics and reporting software...W. Scott Rombach -- former sales executive at PeopleSoft and a member of the board of directors at CompuMed, a provider of telehealth services for patient diagnosis and management -- has been named president of CompuMed; Maurizio Vecchione -- former president and CEO of CompuMed -- will continue as CEO and join the company's board of directors...Lynn Danko -- former vice president of financial planning and analysis for Lawson Software, a software provider -- has been named CFO of Amcom Software, a developer of communications tools for hospitals and other industries.

Darin LeGrange -- a former operating partner at SilverStream Capital, a private equity firm -- has been named president and CEO of Healthation, a vendor of financial administration systems for health care payers; Scott Kornhauser -- former president and CEO of Healthation -- has been named chief strategy officer of the company...Daniel Wojta -- former regional deployment lead and business analyst at United Healthcare -- has been named director of eSolutions and business development at Office Ally, a provider of health care revenue cycle management tools...Andrew Lambert -- former vice president in the new sales division at Press Ganey Associates, a health care analytics company -- has been named executive vice president of business development at Cognovant, a mobile PHR technology provider.

Ralph Riccardi -- former senior vice president of channel partner programs at health information website WebMD -- has been named president and CEO of SourceMedical Solutions, a provider of clinical, financial and administrative information systems for health care providers…John King -- former vice president of sales at the health care subsidiary of Standard Register, a provider of software and services for medical imaging, workflow, patient identification, documentation and health care management -- has been named president of Standard Register...Kathy Ebbert -- former president and CEO of Achieve CCA, a debt management company -- has been named executive vice president and COO at Clearwater Compliance, a provider of software and services for managing compliance with federal patient privacy and data security rules.



Readers are also invited to send feedback to: ihb@chcf.org
Click to register for iHealthBeat