Health IT Business News – Thursday, January 22, 2015

Mayo Clinic announced that Epic has been selected as its strategic partner for a single, integrated electronic health record (EHR) and revenue cycle management (RCM) system. The new system will replace Mayo’s three EHRs in use today and will be a foundation for Mayo Clinic operations over the next several decades. “We’re confident in choosing Epic as our strategic partner as we continue to enhance Mayo Clinic’s excellence in health care and medical innovation,” says John Noseworthy, M.D., Mayo Clinic president and CEO. Read the full press release.

ZirMed® announced results from its latest ICD-10 end-to-end testing efforts. After surveying its clients, ZirMed found overall that those who have started testing have gainedconfidence in their ICD-10 coding strategy and found additional areas for testing in 2015. End-to-end testing helps providers prepare for the impending transition from ICD-9 to ICD-10 by allowing them to receive remittance advice from payers on submitted ICD-10 codes. Testing ensures ICD-10 compliance internally and externally and helps providers anticipate denials and payment impact.Read the full press release.

EHR vendor NextGen Healthcare Information Systems announced it is amongst the first Healthcare Information Technology (HIT) vendors to achieve full accreditation with the Practice Management System Accreditation Program (PMSAP) from the Electronic Healthcare Network Accreditation Commission (EHNAC).

McKesson announces the launch of Paragon® Community Plus, a Microsoft®-based Paragon electronic health record (EHR) solution with implementation, remote hosting and post go-live services. According to the press release the new offering is tailored to help community hospitals make a strategic shift from their current application to a modern, affordable solution, which includes clinical, financial and document management capabilities.

Mercom Capital is reporting venture capital (VC) funding in the Healthcare IT sector more than doubled in 2014, coming in at $4.7 billion in 670 deals compared to $2.2 billion in 571 deals in 2013. The sector also brought in $2.1 billion in debt and public market financing including six IPOs, bringing the total corporate funding raised in the sector in 2014 to almost $7 billion. VC funding increased in Q4 2014 with $1.2 billion in 134 deals compared to $956 million in 212 deals in Q3 2014.

SCIO Health Analytics (SCIO), a health analytics solutions company, announced that it has acquired Data Intelligence, a provider of business intelligence and analytics solutions supporting pharmaceutical sales and marketing operations. The acquisition will complement and further extend SCIO’s footprint in the life sciences marketplace and strengthen SCIO’s position as a health analytics organization. Data Intelligence will operate as a subsidiary of SCIO Health Analytics.

The Camden Group, a healthcare business advisory firm, announced that it has acquired Health Directions, a consulting firm that provides business solutions for healthcare organizations, helping medical groups and hospitals improve their financial performance, enhance physician satisfaction, take full advantage of health IT and strengthen their strategic position..