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2006

IPOs and venture funding bring local innovation to market
Worcester Business Journal, December 25, 2006
Predictions are for moderate growth in 2007 - except in certain hot-spot sectors such as health care-related software (Who knew that health care might be the next "killer ap?"). But information security systems and consumer-driven technology are also high on the list.

IBM Unveils $100 Million Innovation Agenda
Information Week, November 14, 2006
Overhauling health care payment and management systems through the use of small personal devices (such as smart cards) that will automatically trigger financial transactions, the processing of insurance claims, and the updating of electronic health records

UPMC Inks Multimillion-Dollar Co-Development Deal With dbMotion
Information Week, October 24, 2006
University of Pittsburgh Medical Center, which has a history of investing in promising new medical IT ventures, disclosed a new $84 million data integration initiative that includes a $35 million deal with dbMotion, a provider of data-sharing software built specifically for the health industry.

MedcomeSoft Inc. reports year-end financial results
CNW Group, September 27, 2006
We believe this new product is the world's first truly interoperable Electronic Health Record system.

Care cost up, for better or worse: Blue Cross may charge more for patients to go to prestigious hospitals, poorly rated doctors
The Patriot Ledger, August 9, 2006
Many quality measures are derived from billing information because medical history information is more difficult to get. While many doctors’ practices and hospitals are now switching over to electronic medical records, those electronic tools are far from universal.

Baylor downtown to start $53M ER expansion
Dallas Business Journal, July 18, 2006
The expansion will increase the department's size to 78,000 square feet from 20,681 square feet and add a physician referral center and electronic medical record system. The $53 million expansion will add another CT room, increase the number of emergency bays to 12 and double the number of trauma rooms to four.

Alberta to upgrade e-health through $10M IBM deal
IT Business, June 21, 2006
The Government of Alberta Wednesday said it will upgrade its e-health records system across the province through a $10-million contract with IBM.

Emerson Electric "buy," target price raised
New Ratings, May 4, 2006
The EPS estimate for 2006 has been raised from $4.32 to $4.36 partly to reflect the continued buildup in Process Management’s backlogs and organic growth acceleration at Automation and Network Power.

Zero to $1 billion
CNN Money, April 27, 2006
They are among 49 U.S. companies that hit a special milestone last year: $1 billion in annual sales. Many of these superstars you've probably heard of.

Acrendo Software Inc. Sees First Quarter Growth of 300%
PR Web, April 26, 2006
Acrendo added new users throughout the United States in several different medical specialties. To support the company’s growth Acrendo increased its staff by 60% during the quarter by adding professionals in technical support, product training, development and sales.

ACOM Buys Assets of Healthcare Information Systems, Inc., Integrates Practice Management System and RAPID EMR Documentation/Reporting System
PR Web, March 22, 2006
ACOM Solutions, Inc., one of the leading developers and marketers of general and specialized back office optimization solutions, has purchased the assets of Healthcare Information Systems, Inc., Jacksonville, including all rights and source code related to the company’s full-featured Microsoft Windows-based Orion Healthcare Information System, it was announced today by ACOM Vice President Gregory Church.

Major Funding for Electronic Medical Record in Upcoming Federal Budget
Marketwire, January 23, 2006
Although Congress has proven slow to establish EMR standards and funding, reasonable estimates conclude that electronic medical records could reduce healthcare costs by $140 billion, while saving tens of thousands of lives, according to a report released by then HHS Secretary Tommy Thompson in 2004. Since that report, healthcare spending has continued to escalate.

Financial Orientation Archives: 2007 / 2006 / 2005