Salt Lake City-based 3M Health Information Systems has added a module to its 3M Coding and Reimbursement System to enable medical necessity validation at the point of coding.
JPMorgan Chase & Co, a provider of cash management, trade finance and treasury solutions, has acquired all the assets of FisaCure, Inc, a provider of electronic remittance services for Healthcare Insurance Portability and Accountability Act off 1996 (HIPAA) compliant transaction sets. The acquired technology will become part of the Healthcare Solutions business of JPMorgan's Treasury Services unit.
The Intel Corporation has announced fourth-quarter revenues of $9.7 billion, operating income of $1.5 billion, net income of $1.5 billion and earnings per share (EPS) of 26 cents. Excluding the effects of share-based compensation, the company posted operating income of $1.8 billion, net income of $1.7 billion and EPS of 30 cents.
GE Healthcare of Barrington, Ill. has announced the launch of its Centricity Business Certified Partner Program, which allows qualified third-party practice management and billing companies access to revenue-cycle technologies for optimizing client business processes.
Platinum Equity of Los Angeles has completed the acquisition of the Healthcare Marketing Services unit of Cardinal Health. HMS, which generated close to $200 million in revenues in 2005, provides sales and marketing communications services and materials to the pharmaceutical and biotechnology industries.
Citing strong performance from its healthcare business, among others, General Electric posted net income of $20.8 billion on $163.4 billion in revenue in 2006, compared to $16.7 billion on $148 billion in 2005. Annual earnings rose 13 percent to $1.99 a share.
Transax International Limited, a Miami-based network solutions company for healthcare providers and health insurance companies, has signed a letter of intent with the Brazilian company CBGS to sell its wholly owned Brazil subsidiary Medlink Connectividade em Saude Ltda. and related intellectual property held by its subsidiary Medlink Technologies Inc. for $5.9 million.
Enclarity, Inc., an Aliso Viejo, Calif.-based information management and analytic software company focused on the healthcare market, has secured $10 million in Series B funding. Company officials say the investment, led by Bain Capital Ventures and assisted by Ignition Partners, will be used to fund expansion.