3m co (MMM) Key Developments
3M Company Introduces New Physician Workflow Management Platform
Apr 23 15
3M Company announced that it has introduced 3M 360 Encompass MD System, a new physician workflow management platform. With computer-assisted physician documentation guidance, automated clinical documentation improvement (CDI) queries, and a sophisticated "copy-paste" analysis tool, the new 3M 360 Encompass MD System makes it easy to capture accurate patient information, meet ICD-10 documentation requirements, and minimize compliance risk-all in real-time as the physician documents within the EHR. 3M 360 Encompass MD integrates with all major EHR systems to analyze available patient data-including EHR templates and dictated documents-and then identifies unclear, unspecified or missing diagnoses and gaps in documentation. It helps physicians prepare for ICD-10 by prompting them for more specificity as they are documenting and only when more information is required to meet coding guidelines. The intelligent copy-paste analysis tool, scheduled for release in late summer 2015, differentiates between appropriately copied content from prior notes and content that is high-risk for compliance and should be reviewed by the physician. 3M 360 Encompass MD is an add-on module to the 3M 360 Encompass System, extending its natural language processing (NLP) benefits to physicians. Healthcare organizations using 3M 360 Encompass for computer-assisted coding (CAC), clinical documentation improvement (CDI), quality metrics and analytics can now take the next step to more efficiently connect physicians with CDI teams.
collectionHQ and 3M Announce Partnership
Apr 23 15
collectionHQ and 3M announced their partnership which will offer 3M Cloud Library subscribers the ability to load their circulation data into collectionHQ's ebook module. The partnership means that collectionHQ public libraries with 3M Cloud Library collections will now be able to include their 3M ebook circulation data in the ebook tools available within collectionHQ, including comparative circulation across genres, summaries of popular authors and their top-circulating titles, circulation of digital
copies relative to print copies, and more.
3M Company Revises Earnings Guidance for the Full Year of 2015
Apr 23 15
3M Company revised earnings guidance for the full year of 2015. The company now expects earnings to be in the range of $7.80 to $8.10 per share against $8.00 to $8.30 per share previously. Expected CapEx range is $1.4 billion to $1.6 billion, down $100 million versus prior estimates, all due to the stronger U.S. dollar. For the full year, the company continues to expect free cash flow to be in the range of 90% to 100%. The company expects operating margins to increase by a minimum of 1 percentage point.
3M Company Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
Apr 23 15
3M Company reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported operating income of $1,730 million against $1,716 million for the same period a year ago. Income before income taxes was $1,703 million against $1,688 million for the same period a year ago. Net income attributable to 3M was $1,199 million against $1,207 million for the same period a year ago. Net sales were $7,578 million against $7,831 million for the same period a year ago. Net cash provided by operating activities of $1,080 million against $1,092 million for the same period a year ago. Purchases of property, plant and equipment was $291 million against $293 million for the same period a year ago. Acquisitions, net of cash acquired was $150 million.
3M Company Seeks Acquisiitons
Apr 23 15
Inge G. Thulin, Chairman, President and Chief Executive Officer of 3M Company (NYSE:MMM) said, "We also continue to invest for long-term success through research and development, commercialization and acquisitions. In February, we announced plans to acquire Polypore's Separations Media business for $1.0 billion, which will enhance our existing filtration platform and help generate new growth opportunities across the company."