Thomson Reuters to sell its healthcare business
Thomson Reuters will sell its healthcare business, which has been a part of the company's Healthcare & Science segment. The healthcare business provides data, analytics and performance benchmarking services to companies, government agencies and healthcare professionals. "Thomson Reuters has strong positions in our chosen markets and we believe we will achieve better all-in returns for our shareholders by divesting the Healthcare business and re-deploying the proceeds in our core franchises," CEO Thomas H. Glocer said in a statement. The company expects the divestiture to close before the end of the year.
Experian purchases Medical Present Value
Known to most of the world as the company from which credit reports are generated, Experian is purchasing Medical Present Value, an Austin, Texas-based revenue cycle management company, for $185 million. The acquisition of MPV furthers Experian's goal of positioning itself in the healthcare market. All of MPV's assets will become part of Experian once the sale is final; MPV's locations in Plymouth, Mass., and Austin and San Antonio, Texas, will be retained, as will the company's staff and management teams.
HCA launches Parallon Business Solutions
The Hospital Corporation of America has launched Parallon Business Solutions, a subsidiary that offers business solutions to healthcare providers through business units that focus on revenue cycle, business processes and workforce and supply chain management services. At a press conference in June, Parallon President and CEO Beverly Wallace said, "We will work with providers to eliminate and reduce waste. By working with us, hospitals can take advantage of cost savings without having to invest time, energy and capital."
Omnicell's G4 Platform receives EHR certification
Omnicell's G4 platform has received ONC-ATCB certification by the Drummond Group as a modular electronic health record, making it the first stand-alone automated medication system to achieve this endorsement. This certification will help the company support its customers in attaining their meaningful use objectives to qualify for federal funding incentives as outlined in the American Recovery and Reinvestment Act.