October 24, 2016 6:01 PM ET

Health Care Technology

Company Overview of 3M Health Information Systems, Inc.

Company Overview

3M Health Information Systems, Inc. provides software and consulting services to help organizations in improving documentation, quality, and financial performance in the healthcare continuum worldwide. It offers integrated solutions for transcription, speech recognition, clinical documentation improvement, documentation management, computer-assisted coding, quality, and revenue cycle management; and health information management, dictation and transcription, document management and imaging, case management, revenue cycle management, performance improvement, and health information exchange. The company also provides health information management; medical dictation and transcription software f...

575 West Murray Boulevard

Salt Lake City, UT 84123

United States

Founded in 1983

Key Executives for 3M Health Information Systems, Inc.

Senior Vice President
Senior Vice President
Compensation as of Fiscal Year 2016.

3M Health Information Systems, Inc. Key Developments

3M Health Information Systems and Verily Life Sciences Enter into Strategic Agreement to Develop New Population Health Measurement Technology

3M Health Information Systems and Verily Life Sciences reported that they have entered into a strategic agreement to develop new population health measurement technology for managing clinical and financial performance. The joint technology platform will be designed to analyze quality performance data across healthcare delivery systems and patient populations, and deliver meaningful information that can be used to promote real and sustainable improvements in healthcare quality and cost. Together, 3M and Verily will work to transform population-level health data-sets into manageable and prioritized information so that participating hospitals, health systems, payers, regulators and strategic partners can evaluate performance, reduce waste and identify areas that impact efficiency, quality and cost. The 3M and Verily platform will be designed to include quality measures that assess complications, readmissions and mortality, and cost measures like length of stay and specific service line costs.

Cerner to Integrate 3M Health Information Systems's Patient-Centric Software for Population Health Management

3M Health Information Systems announced an agreement with Cerner to use 3M Patient-focused Episodes Software with Cerner’s HealtheIntent population health management platform. Providers will be able to view the landscape of a patient’s documented conditions to help define an episode of care, while analyzing costs and expected resource use.

3M Introduces New 3M 360 Encompass MD—Patient Insights Suite

3M Health Information Systems introduced the 3M 360 Encompass MD—Patient Insights Suite, the latest addition to its complete system of physician workflow and analytic tools for value-based care success. The new software suite aggregates EHR and claims data across all patient encounters, and risk adjusts the data to build an accurate, longitudinal view of a patient’s health condition. With this foundation, healthcare providers can use 3M 360 Encompass MD Patient Insights to identify high-risk patients, potential gaps in care and persistent areas of high-cost care—in near real-time and across all care settings for improved population health, better outcomes and more accurate reimbursement. Under new value-based payment models, physicians, hospitals and health systems are paid based on the overall health of their patients and held accountable for cost and quality. To determine value-based reimbursement, Medicare and commercial payers use Hierarchical Condition Categories (HCCs) and other risk adjustment methodologies to analyze and classify the health condition of patients across an entire year’s worth of patient encounters. To help providers analyze, document, code and report data that promotes accurate HCC assignment, Patient Insights provides a platform that enables a shared, interoperable workflow within a medical community and includes advanced revenue cycle applications that: identify patients with missing HCCs; offer HCC-based diagnosis guidance to physicians in any care setting; coordinate and communicate the health condition of the patient to the entire care team; understand HCC risk factors in the context of different patient populations The next release of 3M 360 Encompass MD Patient Insights, planned for the 4th quarter of 2016, will include care management applications designed to enhance the day-to-day workflow of care coordinators with access to HCC patient data, customized patient worklists based on risk analysis, provider communication tools, interoperability, and a detailed reporting module. 3M Health Information Systems will debut the new 3M 360 Encompass MD—Patient Insights Suite at the Healthcare Financial Management Association (HFMA) Annual National Institute (ANI), June 26-29 in Las Vegas at the Venetian Sands Expo and Convention Center. The 3M 360 Encompass MD—Patient Insights Suite is part of the 3M 360 Encompass MD System, physician workflow technology that integrates with all major EHR systems to analyze available patient data and identify unclear, unspecified or missing diagnoses and gaps in documentation. The system’s intelligent copy-paste analysis tool differentiates between appropriately copied content from prior notes and content that is high-risk for compliance and should be reviewed by the physician.

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