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February 12, 2016 3:52 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.

President
Age: 51
Senior Vice President
Senior Vice President
Compensation as of Fiscal Year 2015.

3M Health Information Systems, Inc. Key Developments

3M Concludes Strategic Alternative

3M Company (BYSE:MMM) concluded after following an in-depth exploration of strategic alternatives for 3M Health Information Systems, Inc., that 3M will retain and further invest in this business. “As part of our ongoing portfolio management process, 3M has completed a comprehensive review of strategic alternatives to determine the best path to benefit 3M, its stakeholders, and the Health Information Systems business, As a result of this process, we have determined that retaining this business and further investing in it as a part of 3M provides the best opportunity for 3M Health Information Systems, already a healthy and rapidly growing business, to derive even greater long-term value. We are committed to continued innovation in healthcare information systems and helping providers and payers improve patient outcomes while reducing the total cost of care.” said Inge G. Thulin, 3M Chairman, President and Chief Executive Officer.

3M To Explore Strategic Alternatives For Its Health Information Systems Business

3M Company (NYSE:MMM) said that it is exploring strategic alternatives for its global Health Information Systems business, 3M Health Information Systems, Inc. These alternatives, all of which are focused on building upon the business’ strong foundation, could include spinning-off, selling, or retaining and further investing in the business within 3M. 3M has retained Goldman, Sachs & Co. as its investment banker to assist the company in exploring strategic alternatives. Inge G. Thulin, 3M chairman, President and Chief Executive Officer said, “As part of our ongoing portfolio management process, 3M is exploring alternatives for our Health Information Systems business, a recognized industry leader in health care coding software, services, and analytics. Through this process, we are focused on determining the best path to benefit 3M, its stakeholders, and this business.”

State of Minnesota Selects 3M Data Analytics to Drive Health Care Improvement

The State of Minnesota will use data analytics from 3M to help improve the quality and value of the care provided to Minnesota citizens served by public health care. The Minnesota Department of Human Services has selected 3M Health Information Systems as its analytics contractor to support Minnesota's Integrated Health Partnership (IHP) demonstration, a groundbreaking initiative that tests new approaches to health care delivery and payment. 3M Health Information Systems will provide data management, analysis, and data access and reporting resources to help Minnesota IHP organizations analyze cost of care, utilization of services, and risk data so they can identify opportunities for cost and care transformation. The 16 healthcare organizations participating in IHP serve over 204,000 Minnesotans enrolled in Medical Assistance.

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