NEW YORK, March 22, 2017 /PRNewswire/ --
Netw orkNewsWire Editorial Coverage
The panorama of health care proposals paraded by Congress is just one act of a drama unfolding behind the scenes. Mostly
hidden from public view, the industry continues a metamorphosis as it adopts Health Information Technology (HIT) systems. HIT
systems are designed to dramatically transform the delivery of health care, making it safer, more effective, and more efficient.
And one way they are posed to do so, is by generating huge amounts of data that is more amenable to statistical analysis. But the
advent of big data also has the potential to bring big headaches for health care providers, which is why they are turning to
companies like OR H ub, Inc. (OTC: ORHB) ( ORHB Profile ) , Medtronic
plc (NYSE: MDT), Cerner (NASDAQ: CERN), Omnicell, Inc. (NASDAQ: OMCL) and McKesson (NYSE: MCK), that
offer novel technological remedies.
The development of these technological remedies was catalyzed back in 2009, after the passage of the Health Information
Technology for Economic and Clinical Health (HITECH) Act, which provided incentives for the adoption of electronic health records
(EHRs) and supporting technology. To receive the financial incentives under the Act, providers are required to demonstrate
'meaningful use,' which the Centers for Medicare & Medicaid Services (CMS) define as using certified EHR technology to
improve quality, safety, efficiency and reduce health disparities; engage patients and families in their health care; improve
care coordination; and improve population and public health - while maintaining privacy and security. This is a tall order, and
one that health care providers often struggle to meet.
A look at the first stage of Meaningful Use (MU) will reveal why. MU Stage 1 has 14 Core Objectives, and 10 Menu Objectives
for hospitals. The 14 Core Objectives encompass a comprehensive and daunting list of mandates. Hospitals must introduce
computerized provider order entries (CPOEs), introduce the one clinical decision support rule, do drug-to-drug and drug-allergy
interaction checks, record the patient's demographic profile, maintain an up-to-date problem list of current and active
diagnoses, maintain an active medication list, record and chart changes in vital signs, and record the patient's smoking status,
in addition to submitting reports to the CMS, safeguarding the information, and sharing it with patients, on request, and other
providers.
This data collation and integration remains a goal of HIT systems such as the one offered by ORH ub (ORHB) . The
ORHub Software is a cloud-based proprietary platform, aiding the transformation of surgery from a traditional approach to a
value-based model.
Known as Surgical Resource Management, this software was specifically designed for surgery management, providing significantly
enhanced capabilities compared to more traditional EHR solutions.
The platform facilitates care providers at every stage of the surgical process, to collaborate, organize, deliver, measure and
reimburse in one intuitive, easy-to-use program. This significantly decreases cost and improves outcomes by eliminating
inefficiencies and duplication of effort, as well as errors and omissions that result from siloed processes in outdated software
and poor handoffs, from one part of the care process to another.
ORHub's technology is being used by two hospitals in Southern California, and the company has
plans to run three pilot programs in other hospitals, before officially launching the platform nationwide.
Medtronic (NYSE: MDT) has embraced the integration strategy in earnest. In 2014, it acquired, for close to $43 billion, Covidien, which makes a range of patient monitoring platforms and navigation systems. Medtronic,
which produces the smallest pacemaker on the market, continues its innovative streak. It says its Health Informatics &
Monitoring product can let physicians 'be in two places at once,' and makes this claim because the system gives physicians the
ability to remotely view vital information from multiple device categories, including ventilators, capnography monitors, depth of
consciousness monitors, cerebral/somatic oximeters, and pulse oximeters.
The system wirelessly transmits patient information from the bedside to a hospital's server. From there, clinicians can view
the data within the hospital network on any web-enabled device. Also, thanks to wireless sensors, clinicians are able to monitor
patients' vitals - even while away from the patient or hospital.
Also heavily betting on integration is Cerner (NASDAQ: CERN), the world's largest publicly traded pure health
information technology company, with 2016 revenues of $4.8 billion. Cerner's Revenue Cycle
Management (RCM) system brings together clinical, financial and operational data in a way that improves workflow and helps to
control costs, across both acute and ambulatory locations. Last month, it inaugurated two new office towers as part of its
'Innovation' campus. The complex, to be further expanded over the next 10 years, is being constructed to look like a strand of
DNA.
Omnicell (NASDAQ: OMCL) offers IV robotic and workflow solutions, products that automate the dispensing of medication,
and hospital supply chain management software. The company provides services to over 4,000 health care facilities around the
world, and it has about 32,000 institutional and retail pharmacy customers.
McKesson (NYSE: MCK) is a Fortune Global 500 company that has identified the four major big data health care
challenges, as the deluge of digital data, not enough data scientists, the limitations of existing EHR systems, and institutional
resistance to change. To deal with these challenges it is offering its McKesson Analytics Explorer, which uses visualization to
help users analyze data. The company sees this approach as a way to make advanced statistical techniques available to those
without mathematical training.
ORhub is joining the ranks of these leaders with its SaaS platform, which has already been implemented in two major hospitals
in California.
For more information on ORHub, Inc. please visit: ORHub, Inc. (ORHB) & https://www.orhub.com/
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