Cognizant Technology Solutions Corp. said Monday that it agreed to acquire TriZetto Corp. for $2.7 billion in cash to gain more market share in healthcare technology services, WSJ reports. The combined company will have more than $3 billion in healthcare revenue, as well as an additional $1.5 billion in potential revenue over the next five years. Currently, healthcare accounts for 26% of Cognizant's revenue totaling $8.84 billion last year. The deal is expected to close in the fourth quarter.
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9th Annual National Health IT Week Kicks Off Today
From Sept. 15-19, 2014, healthcare industry and policy stakeholders will convene for the Ninth Annual National Health IT Week, a collaborative forum for public and private healthcare constituents to discuss the value of health information technology (IT) for the U.S. healthcare system. Key events this week include:
Monday
2014 Annual Consumer Health IT Summit - The 2014 Consumer Health IT Summit will bring together federal and private sector leaders working to enable consumers to be better
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Epic Retains Lobbyists To Improve Its Interoperability Image on Capitol Hill
EHR juggernaut Epic Systems has hired lobbyists Card & Associates to improve its reputation of not being interoperable with other EHR systems on Capitol Hill, Modern Healthcare reports. According to the federal Lobbying Disclosure Act database, Epic retained the firm in August to "educate members of Congress on the interoperability of Epic's healthcare information technology.” In a recent July hearing, Rep. Phil Gingrey (R-Ga.) claimed Epic's System were "closed records" utilizing a RAND
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M*Modal Unveils New ICD-10 Provider Coding Services
To help the healthcare industry address medical coder shortages in advance of the ICD-10 mandate, while preserving accurate revenue realization, M*Modal today announced the availability of comprehensive outpatient medical coding services. M*Modal’s technology-enabled services program combines coding experts with advanced cloud-based solutions to deliver quality results with fast-turn-around time, enabling organizations to offload high-volume outpatient coding, increase productivity and
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HIMSS Analytics Honors Naples Community Hospital With Stage 7 Award
The HIMSS Analytics Stage 7 award honors hospitals operating in a paperless environment and representing best practices in implementing EMR
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MHRA To Develop Adverse Drug Reaction Mobile Health App
The UK's Medicines and Healthcare Products Regulatory Agency (MHRA) has announced a new three year project known as 'WEB-RADR' to develop a mobile app for healthcare professionals and the public to report suspected adverse drug reactions (or ADRs) to national EU regulators. The project is launching in response to the increasing use of smartphones, apps, and social media for discussing issues with healthcare according to the MHRA. The project will be funded though the Innovative Medicines
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PwC to Proposes Open Source EHR for DoD EHR Modernization Project
On Friday, PwC announced it will partner with Medsphere, DSS, Inc. and General Dynamics Information Technology to bid on the $11B DoD EHR Modernization Project. PwC plans to combine its healthcare operational and transformation capabilities with commercial EHR vendors DSS, Inc. and MedSphere, and systems integrator General Dynamics Information Technology to offer an 'open source' EHR promoting greater ease of integration with existing DoD legacy systems as well as unlimited access to ongoing
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Geneia Partners with Covidien to Enter $21B Remote Patient Monitoring Market
Geneia today announced a multi-year, strategic partnership with Covidien to help improve the health of and reduce the costs for chronically ill patients. The partnership with Covidien has agreed to provide Geneia with rights to sell its ZephyrLIFE remote patient monitoring solutions in designated markets to monitor patients with heart disease, diabetes, and other chronic illnesses in the home setting.
Geneia’s @home product combines Covidien’s ZephyrLIFE remote monitoring technology with
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Department of Homeland Security Goes Live on eClinicalWorks
eClinicalWorks®, a leader in ambulatory healthcare IT solutions announces that the Department of Homeland Security is live using eClinicalWorks Cloud-based EHR system for up to 1,000 of its medical professionals to help manage care at all 23 U.S. Immigration and Customs Enforcement (ICE) detention facilities. Using eClinicalWorks allows the department to create a complete longitudinal record and share data between facilities. Integration with its current systems, including laboratory,
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Launchpad Digital Health Funds Its First 5 Companies
Launchpad Digital Health, a focused next generation accelerator announced that it has funded its first five companies. Each company accepted into the accelerator program receives:
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