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November 27, 2015 3:21 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.

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

3M Health Information Systems, Inc. Key Developments

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.

3M Health Information Systems, Inc. Releases New Version of 3M ICD-10 Code Translation Tool

3M Health Information Systems, Inc. has released a new version of the 3M ICD-10 Code Translation Tool, which has been expanded to include Current Procedural Terminology and other HCPCS codes. Using sophisticated translation technology, the software automatically reviews lists of ICD-9 or CPT and other HCPCS codes and finds the associated ICD-10 codes. ICD-10 transition teams can use the software to normalize reports, help educate staff, update processes, and reduce the time and resources devoted to code conversion. The 3M ICD-10 Code Translation Tool is a cloud-based application that leverages more than 30 years of 3M coding experience to analyze clinical information, identify complex coding relationships, and create mappings and lists to meet the specific needs of healthcare organizations. It can be used to convert ICD-9 and CPT coding-based forms, reports, reimbursement contracts, policies, and systems to ICD-10. The tool can also be used to identify the financial impact of ICD-10 on future reimbursement. The enhanced 3M ICD-10 Code Translation Tool is part of 3M’s complete suite of ICD-10 services and software, which also includes ICD-10 consulting services for clinical documentation improvement, the 3M Coding and Reimbursement System, and the 3M ICD-10 Education Program, a comprehensive web-based curriculum that prepares hospital staff and physicians for ICD-10 documentation and coding.

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