This Week in Healthcare IT

M&A, Financial Reports and Funding

Wolters Kluwer Health Clinical Solutions will acquire hospital software provider Pharmacy OneSource for an undisclosed sum...Technology staffing and clinical data management consulting firm Eliassen Group has acquired the IT staffing division of Dextrys, a provider of product engineering and application services outsourcing...SXC Health Solutions will buy pharmacy benefit manager MedfusionRX for $100 million in cash, as well as $5.5 million in potential incentive payments...MD On-Line, a provider of electronic data exchange applications, has purchased Healthware Solutions, an EHR developer, for an undisclosed amount...medical content vendor Thomson Reuters has acquired bioinformatics data analysis firm GeneGo for an undisclosed amount.
Health IT company MedLink has closed an aggregate of $2.25 million in financing through a $1 million private placement and a sale of $1.25 million in capital from investment banker Aegis Capital…JMI Equity, a private equity and venture capital firm, has raised $875 million for a new fund targeting the health IT industry.

Contracts

Virginia Commonwealth University Medical Center has selected DR Systems' cloud-based radiology imaging technology...Continuum Health Alliance will use integrated lab orders management from Ignis Systems for EHR application services...North Sunflower Medical Center in Mississippi will deploy IT services from McKesson...University Radiology Group in New Jersey has selected MedInformatix's radiology information system...the eHealthConnecticut REC has selected 41 preferred ambulatory EHR providers.
Minnesota health plan UCare has selected cloud-computing applications from ikaSystems...the Department of Veterans Affairs has selected Picis' anesthesia record keeping system for a 42-hospital regional network...Apple Valley Medical Clinic in Minnesota has selected e-MDs as its preferred EHR vendor…the Agency for Healthcare Research and Quality has awarded Outcome Sciences a contract for designing and developing a new patient registry database...Toronto-based Sunnybrook Health Sciences Centre has selected Telus' personal health record portal.
Advance Technological Radiology, Clinical Radiologists, Medical Imaging Northwest and Touch Stone Medical Imaging have selected software provider iNTERFACEWARE for health data exchange…the Central Florida Health IT Initiative has selected athenahealth as its preferred EHR provider…Northwest Primary Care in Oregon has selected a PACS from Sage Healthcare Division...Ear, Nose and Throat Associates of South Florida has chosen a revenue cycle management system and self-service offerings from PatientPoint...Kentucky-based Norton Healthcare has selected Microsoft software for its accountable care organization initiative.

Product Development and Marketing

The Healthcare Information and Management Systems Society has signed a memorandum of understanding with the Accredited Standards Committee X12  to collaborate on services to enhance the implementation of electronic data exchange...Massachusetts-based Brigham and Women's Hospital is partnering with GNS Healthcare to leverage their computer systems to identify predictive patient outcomes for asthma therapies...clinical information systems provider Net Health Systems is incorporating M*Modal's speech-recognition technology into its WoundExpert software.
NextGen Healthcare Information Systems will produce a universal medical image integration module with imaging and informatics company Sclmage...Agilent Technologies, an electronics and communications company, and GeneGo have introduced a new data analysis suite...VRI, an in-home health monitoring systems provider, is partnering with health management provider SeniorBridge to combine remote vital sign monitoring with oversight from geriatric professionals...Patient Access Solutions and health IT consulting firm iMedicor have partnered with the New Jersey Health IT Extension Center to collaborate on the center's efforts to promote meaningful use of EHRs.
CareFusion will resell medication management technologies from PHACTS…Quest International, a supply chain services company, has partnered with Carestream Health to augment services for e-health and mammography systems…Tx Xchange and PureRXO have partnered to develop and market integrated telehealth and e-commerce products for health, wellness and fitness providers…health IT company American Well has teamed with IBM to embed security measures into American Well's Online Care system...TRS Institute, provider of online medical transcription and speech recognition training programs, has partnered with ScribeAmerica, a medical scribe training and management services provider, to develop online self-training programs for medical scribes.
Health care coding, compliance and reimbursement services provider Alpha II has partnered with First Medical Solutions to enhance accuracy and decision-making in revenue cycle management at ambulatory facilities…Dossia, a PHR platform provider, has integrated its product with Healthcare Blue Book, an online health care pricing information provider, to provide users with access to and control over health data and pricing comparison tools…Baxter Healthcare will integrate the SIGMA Spectrum Infusion System into Utah-based Intermountain Healthcare's EHR system…patient check-in applications provider Phreesia has entered into a five-year partnership with global payments provider Elavon to offer Phreesia's automated patient check-in solution to U.S. health care customers and task Elavon with payment processing responsibilities.

Personnel

Phreesia has named Mark O'Leary -- who held senior executive leadership positions at TSYS Healthcare and UnitedHealth Group -- as chief marketing officer and Gilbert Benghiat -- formerly of LeapFrogRx, a provider of business intelligence software for the pharmaceutical industry -- as vice president of engineering...Derek Baird -- director of North American sales at Health Language, a medical terminology management company -- has been promoted to vice president of sales, provider solutions...Consumer Health Technologies, a provider of health care benefit administration platforms, has named Jay Martinson -- former COO and executive vice president at Medicare administrative services company Noridian Administrative Services -- as president and David Smith -- former vice president of sales at health care business intelligence company Foresight -- as senior vice president of sales and marketing.
Health IT services company Cognosante has named Michele Romeo, former CIO at the New Jersey Department of Human Services, as director for its health insurance exchange and Elizabeth Place, consultant and business development executive, as director of technical support...James Sullivan -- former senior vice president, general counsel and secretary of the TriZetto Group -- has been named executive vice president, general counsel and secretary of Quality Systems, a developer of health IT products…Kenneth Barr -- former mayor of Fort Worth, Texas -- has joined the board of directors of Sandlot, a health care IT company.
Paul Reynard -- former vice president of sales operations and marketing for ArjoHuntleigh, a provider of health care equipment -- has been named senior vice president-sales and service at RF Technologies, a provider of RFID monitoring systems and health care security applications...Linda Kloss -- former CEO of the American Health Information Management Association -- has been named chair of clinical informatics company Humedica…Herbert Roberts -- former CEO, president and CFO of media and entertainment company Juniper Content -- has been named senior vice president and CFO of DrFirst, an ambulatory and acute care services provider.


Read more: http://www.ihealthbeat.org/articles/2010/12/3/health-it-business-news-roundup-for-the-week-of-december-3-2010.aspx#ixzz17dAk7foL