Health I.T. News: 3M, KLAS, CareCloud & drchrono
Health care information technology companies have made several announcements of new products or initiatives in recent days. They include:
* 3M Health Information Systems has introduced the 360 Encompass System, an application that combines coding, clinical documentation improvement and performance monitoring in a single workflow. The software can improve inpatient coding productivity by 30 percent and double outpatient coding production, helping to offset ICD-10 coding slowdowns, according to the vendor.
* Research firm KLAS Enterprises has a new report covering provider satisfaction with the readiness of their home health vendors to handle accountable care organizations and new Medicare regulations. Best-of-breed vendors tend to score higher for meeting regulations but like others offer little interoperability, according to KLAS. Home health providers say they are a long way from effectively sharing patient data with hospitals. The report, "Homecare 2011," covers 11 vendors and is available for purchase at klasresearch.com/reports.
* CareCloud, a vendor founded in 2010 and offering Web-hosted practice management and patient portal software along with outsourced billing services, has raised $20.1 million in a funding round. Intel Capital and Norwest Venture Partners participated in the round. The company expects soon to introduce an electronic health records product.
* Mountain View, Calif.-based drchrono, which sells an electronic health record for the iPad, now has free e-prescribing and new tools. FreeDraw enables a physician to draw on a document, medical image or skeletal diagram. The application also now supports faxing.