3M to Boost Healthcare Analytics with Treo Buy - Analyst Blog
February 25 2014 - 4:00PM
Zacks
Diversified conglomerate 3M
Company (MMM) recently strengthened its healthcare
analytics division by inking a definitive agreement to acquire
leading healthcare data analytics and business intelligence
provider, Treo Solutions, for an undisclosed amount. However, the
news failed to draw any reaction from investors as share prices
remained relatively flat at $132.20 at the close of trading on Feb
24.
Headquartered in Troy, N.Y., Treo Solutions offers healthcare data
analytics to reduce costs and increase the desired health outcomes
by partnering with healthcare providers, payers and government
agencies. Since its inception in 2002, the company has generated
over $20 million in savings by using data analytics to redesign
payment structures and transition payer and provider clients to
value-based care models.
The acquisition extends real-time data analytics and payment
redesign schemes to various healthcare providers that have adopted
the 3M 360 Encompass System for computer-assisted coding for
population health management. This in turn will offer customers an
easy access to more comprehensive data about a patient across all
sites of care to better manage costs and improve patient outcomes
under new risk-sharing care models.
3M Health Information Systems, an operating unit of 3M, provides
software and consulting services to hospitals and health systems,
commercial payers, and federal and state agencies to compile,
classify and analyze health information. It offers specialized
services such as computer-assisted coding, clinical documentation,
data interoperability and performance monitoring to help healthcare
organizations achieve better clinical and financial
performance.
3M, together with its subsidiaries, operates as a diversified
technology company with manufacturing operations spread over 70
countries. The company aims to deliver innovative security
solutions to businesses and governments worldwide, thus maintaining
the security of people and documents.
3M currently has a Zacks Rank #2 (Buy). Other stocks that look
promising and are worth a look in the industry include
Marubeni Corp. (MARUY), Hutchison Whampoa
Ltd (HUWHY) and Mitsubishi Corp. (MSBHY),
each carrying a Zacks Rank #2 (Buy).
HUTCHINSON WHAM (HUWHY): Get Free Report
MARUBENI CORP (MARUY): Get Free Report
3M CO (MMM): Free Stock Analysis Report
MITSUBIS CP-ADR (MSBHY): Get Free Report
To read this article on Zacks.com click here.
Zacks Investment Research
Marubeni (PK) (USOTC:MARUY)
Historical Stock Chart
From Sep 2024 to Oct 2024
Marubeni (PK) (USOTC:MARUY)
Historical Stock Chart
From Oct 2023 to Oct 2024
Real-Time news about Marubeni Corp (PK) (OTCMarkets): 0 recent articles
More Marubeni Corp. (PC) News Articles