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Showing posts with label EHR. Show all posts
Showing posts with label EHR. Show all posts

Thursday, August 16, 2012

IBM Research, CDC and PHDSC Enable Real-Time Reporting of Public Health Cases

Press release:


IBM Research, CDC and PHDSC Enable Real-Time Reporting of Public Health Cases

New state and federal effort to align public health case reporting with Meaningful Use requirements could have sweeping impact on health systems.
Access to critical information will help national, state and local public health agencies better manage communicable illnesses and respond quicker to infectious disease outbreaks.
SAN JOSE, Calif. - 16 Aug 2012: IBM (NYSE: IBM) scientists are collaborating with the Center for Disease Control and Prevention (CDC) and the Public Health Data Standards Consortium (PHDSC) to further standardize the exchange and use of public health information to improve healthcare quality and coordination of care.
Controlling major outbreaks of infections such as whooping cough or tracking circulating flu strains is critical to public health. However, the lack of public health electronic reporting standards results in irregular and delayed reports that often create inconsistencies and duplication of efforts.   
IBM Research is working with the CDC and PHDSC to develop a new approach to defining and delivering public health reporting by drawing insights from structured and unstructured data that currently exists in disparate systems. The scientists are creating templates for public health case reports that could work with electronic health record (EHR) systems, allowing critical information in the proper format to be easily shared among local, county, state and federal public health agencies to speed response times to public health issues. 
The coordination and surveillance of public health information across organizations will aid in understanding and potentially preventing the spread of health threats by automating the process and ensuring consistent access to data anywhere in the country. This technology is being piloted with public health information systems in Delaware, New York State, and San Diego County to create, validate and exchange test public health case reports originating from commercial EHR systems or health information exchanges (HIE). 
“The state of a national healthcare infrastructure can be vastly improved through better management of data and an improved understanding of how healthcare services are delivered,” said Dr. Nikolay Lipskiy, Health IT Standards and Interoperability Lead for the CDC. “This collaboration is an opportunity to reduce disparities, improve control of infectious diseases, with the aim of building standardized electronic healthcare systems that is accountable for the health of our communities and our country.” 
Clinicians need to report suspected or confirmed cases of infectious diseases, occupational acquired illnesses and other conditions to their local and state public health programs. This provides public health practitioners the ability to monitor and provide an appropriate response to health threats in the population. These reports are needed in addition to laboratory tests or other generated notifications as labs usually have very little clinical information. 
Many of these reports are delivered today to public health by phone call, faxed or mailed paper forms, or electronic fill-in-the-blank forms which is time consuming and leads to underreporting, errors, and cannot scale up during a large event. To be effective, public health needs real-time, meaningful data that existing EHR systems are just starting to generate and exchange for care coordination. 
“A huge investment has been made to implement standards for the exchange of electronic health records. These same records contain critical data that public health requires, and in time of crises they require it urgently,” said Sondra Renly, Lead Scientist, Collaborative Public Health Transformation, IBM Research. “This community effort will bring near real-time automated reporting to public health and give public health the information required to respond effectively.” 
Built on standards required by the Centers for Medicare and Medicaid Services EHR incentive program, the new public health report template tools developed by IBM Research could lower the cost of compliance for healthcare providers while improving public health’s ability to monitor and respond to endemic and novel infectious diseases. 
By leveraging existing templates, EHR systems can automatically capture most components of a public health case report, such as a doctor visit, a test result, or a prescribed medication. This approach provides public health professionals a way to publish and maintain jurisdiction-specific templates and EHR vendors a way to rapidly adopt these templates for reporting purposes. It could also greatly reduce the time needed to report new or updated case information to public health. 
“We are committed to bringing a common voice from the public health community to the national efforts of standardizing health information technology and population health data to improve individual and community health,” said Dr. Anna Orlova, Executive Director, Public Health Data Standards Consortium. “This standards-based integration of public health and clinical systems for electronic data exchanges will help improve the effectiveness of public health programs, the quality of care and the health of the public.”

Wednesday, March 7, 2012

Nuance to Acquire Transcend

Nuance to Acquire Transcend


Accretive Transaction to Accelerate Adoption of Nuance Healthcare Solutions by Small- to Mid-Sized Hospital Market, Bring Strong Customer Base and Recurring Revenue




With Transcend, Nuance will accelerate access to and expand its customer base within the small- to mid-size hospital market, which comprises approximately 90 percent of hospitals in the U.S. and increasingly demands cost effective, voice-enabled, clinical documentation solutions to achieve Meaningful Use and the transition to ICD-10. With Nuance’s voice-enabled and Clinical Language Understanding technologies and deep electronic health record (EHR) integration, combined with Transcend’s high-quality transcription and editing services, hospitals can make clinical documentation and workflow more productive and cost efficient and extract greater value from clinical information.
“The acquisition of Transcend will expand the delivery of our innovative voice and Clinical Language Understanding solutions especially to small- and mid-size hospitals,” said Janet Dillione, executive vice president and general manager of Nuance’s Healthcare business. “With Transcend, we will drive change and improvement to the way these hospitals capture and leverage clinical information. The acquisition is a natural extension of Nuance’s existing healthcare business, and will strengthen our solution and services portfolio, as well as enhance our profitability.”
Nuance has agreed to acquire Transcend through a cash tender offer of $29.50 per Transcend share, representing an approximately 30 percent premium over Transcend’s 90-day volume weighted average share price. The transaction has been unanimously approved by the board of directors of each company. Based on Transcend’s 11.1 million diluted weighted average shares outstanding as of December 31, 2011, the acquisition is valued at approximately $300 million, net of Transcend’s estimated cash at closing. The transaction is expected to close in the second half of Nuance’s fiscal 2012, subject to regulatory approval and other conditions.
Nuance expects the acquisition in fiscal 2013 to add between $140 million and $150 million in revenue; non-GAAP earnings between $0.08 and $0.09 per share; and, GAAP earnings between $0.02 and $0.03 per share. See “Discussion of Non-GAAP Financial Measures” below for further information.
The addition of Transcend brings many advantages and synergies to:
  • Accelerate Growth within the Small- to Mid-Size Hospital Market – Transcend brings operational excellence and customer satisfaction, as well as a leading position with national Group Purchasing Organizations (GPOs) particularly within the small- to mid-size hospital market. Greater access to these organizations will expand the delivery of Nuance’s voice-driven and Clinical Language Understanding solutions in this segment and in turn will contribute growing revenue streams for Nuance’s healthcare business.
  • Strengthen Services for Healthcare Organizations – With Transcend, Nuance will gain additional medical transcription and editing capacity for its healthcare offerings. Together, the combined organization will help a broader set of healthcare organizations achieve cost effective, efficient clinical documentation workflow.
  • Drive Recurring Revenue and Enhance Profitability – The acquisition of Transcend is a natural extension of Nuance’s existing healthcare business that affords a stable, recurring revenue stream from its strong customer base and will enhance profitability within the division.
“Nuance recognized Transcend’s services experience and excellence and saw real benefit in adding Transcend’s employees and management team to its healthcare business,” said Larry G. Gerdes, CEO of Transcend. “Both Nuance and Transcend share a vision to reduce healthcare costs through technology and increased efficiencies. The strength of the combined organization will truly benefit the industry and we look forward to providing Transcend customers access to Nuance’s leading HIT technology.”
Key members of the Transcend management team will play integral roles in strengthening Nuance’s position in the healthcare industry, including Susan McGrogan, Transcend’s president and chief operating officer, and Lance Cornell, Transcend’s chief financial officer.
The tender offer is expected to commence on or before March 20, 2012. The offer will be open for a period of not less than 20 business days from its commencement and will be conditioned upon valid acceptances of the offer in respect of shares representing at least a majority of the outstanding Transcend shares on a fully diluted basis as well as other closing conditions, including receipt of required regulatory approval. The tender offer will be followed by a merger in which each Transcend share not acquired in the tender offer will be converted into the right to receive $29.50 per share in cash, without interest. The transaction will be financed through cash on hand at Nuance.
Transcend Services, Inc.
Transcend Services, Inc. (NASDAQ: TRCR) provides premium quality transcription and clinical documentation services to the healthcare industry. Its services encompass a wide range of solutions - people, products and processes - designed to turn medical dictation into meaningful electronic documents. Transcend provides its clients with exceptional quality, turnaround time and service so that they can focus on what matters most – their patients.  For more information, visitwww.Transcendservices.com .
Nuance Healthcare 
Nuance Healthcare, a division of Nuance Communications, is the market leader in providing clinical understanding solutions that accurately capture and transform the patient story into meaningful, actionable information.  Thousands of hospitals, providers and payers worldwide trust Nuance voice-enabled clinical documentation and analytics solutions to facilitate smarter, more efficient decisions across the healthcare enterprise.  These solutions are proven to increase clinician satisfaction and HIT adoption, supporting organizations to achieve Meaningful Use of EHR systems and transform to the accountable care model.  Recognized as “Best-in-KLAS” 2004-2011 for Speech Recognition we invite you to learn more, http://www.nuance.com/for-healthcare/index.htm.
Nuance Communications, Inc.
Nuance Communications, Inc. (NASDAQ: NUAN) is a leading provider of voice and language solutions for businesses and consumers around the world.  Its technologies, applications and services make the user experience more compelling by transforming the way people interact with devices and systems. Every day, millions of users and thousands of businesses experience Nuance’s proven applications.  For more information, please visit www.nuance.com.