What You Should Know: Nordic Consulting expands its Cerner footprint with the acquisition of health IT consulting firm, S&P Consultants. Nordic Consulting, a global health and technology consulting company has acquired S&P Consultants, a healthcare IT consulting firm with a strong focus on Cerner services. As part of the acquisition, S&P will become a Nordic global company - alongside Bails, Healthtech, and Tasman - collectively helping healthcare
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Nordic Consulting Launches Security Operations Center
What You Should Know: - Coinciding with Cybersecurity Awareness Month this month, Nordic Consulting, a global health and technology consulting company, announced that it has opened its new security operations center (SOC) at its global headquarters in Madison, Wisconsin. SOC’s are a rising defense mechanism against cyber threats across industries – especially the healthcare industry, which has shown extreme vulnerability over recent years and since the pandemic has started. -
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Nordic Capital and Insights Partners Acquires Inovalon for $7.3B
What You Should Know: - Inovalon, a provider of cloud-based platforms empowering data-driven healthcare, today announced that it has entered into a definitive agreement to be acquired by an equity consortium led by Nordic Capital, and joined by Insight Partners, as lead co-investor, 22C Capital for $7.3 billion in cash. - Under the terms of the agreement, Inovalon stockholders will receive $41.00 per share in cash for each share of Class A Common Stock or Class B Common Stock, representing
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Corindus Vascular Robotics CEO Departure, UPMC Enterprises’ New President, Nordic Consulting’s New CIO, Other Health IT Hires
Mark Toland, CEO of Corindus Vascular Robotics (acquired by Siemens for $1.1B last year), has announced his departure and will be joining BioStar Capital, a health-tech venture capital group focused on cardiovascular and orthopedic medical devices. As a partner and entrepreneur in residence, Mark will help to identify and develop innovative companies leveraging AI, deep learning, robotics, and other transformative technologies that address a wide range of unmet needs. The BioStar team has
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Finland, Cerner to Co-Develop Health and Social Services Digital Platform
What You Should Know: - Finland regional leadership has selected Cerner to
establish a new healthcare and social services digital platform to support four
regions in Central Finland. - The co-design digital platform will support Aster, a co-operational organization across four of Finland’s nineteen regions; including Central Finland, Ostrobothnia, South Savo, and North Karelia. Today, Cerner announced it has been selected by Finland regional leadership to deliver more coordinated
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Why International Expansion Must Remain a Priority for Cerner, Epic, Allscripts, MEDITECH
What You Should Know: - How the top US acute EHR vendors, namely Cerner, Epic, Allscripts, and MEDITECH (+85% share of US acute market in terms of revenues), have progressed on international expansion. As highlighted below, there is a significant variance amongst the big four in terms of revenue and share of business outside the US. Cerner has by far the highest revenue at more than $650M in 2019, representing 12% of its business. Whilst MEDITECH has considerably lower revenue than
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CancerIQ Raises $5M to Expand Genetic Cancer Risk Assessment Platform
What You Should Know: - CancerIQ raises $5M in Series A funding led by HealthXVentures to accelerate the growth of its genetic cancer risk assessment platform to identify and manage patients at high risk of cancer. - CancerIQ’s technology enables hospitals to use genomics
to personalize the prevention and early detection of cancer. - Two new hires recently joined CancerIQ’s newly formed
Integrated Products team from Epic, with the goal of advancing CancerIQ’s
integration with leading
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Nordic Expands Beyond Epic With New Cerner Solutions Business Line
Healthcare IT consulting firm Nordic continues its expansion beyond Epic consulting with the launch of a new Cerner Solutions business line to meet the needs of healthcare organizations. The new business line reflects Nordic’s long-term strategy of expanding its offerings beyond Epic consulting to meet the needs of its clients, including advisory services, performance improvement, ERP Solutions, and Managed Services. Nordic acquired The Claro Group's revenue cycle management (RCM) transformation
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Analysis: Cerner, Epic, Allscripts and MEDITECH’s International EHR Endeavours
In this insight, we assess how the top US acute EHR vendors, namely Epic, Cerner, Allscripts and MEDITECH (+85% share of US acute market in terms of revenues), have progressed specifically on the third point, international expansion.The below figure shows that there is a significant variance amongst the big four in terms of revenue and share of business outside the US. Cerner has by far the highest revenue at more than $600M in 2018, representing 12% of its business. Whilst MEDITECH has much
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3 Takeaways From The 2019 HIMSS & Health 2.0 European Conference
The HIMSS & Health 2.0 European Conference attracted over 2,600 delegates from 64 countries to Helsinki in June 2019. While there was a strong focus on healthcare in the Nordics, the conference brought with it a wide variety of vendors from across the globe all looking for new opportunities on the show floor. Our key takeaway – the goal to change mindsets in Europe towards how healthcare can be improved through the use of technology. We look at a few examples below, namely:- Developing
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