3M to acquire Treo Solutions
February 21, 2014 in Medical Technology
3M Health Information Systems will acquire Treo Solutions, which develops healthcare data analytics and business intelligence technology, for an undisclosed sum.
Founded in 2002, Treo’s analytics tools are used by payers and providers as they work to redesign payment structures and transition to value-based care. As part of 3M, Treo will further its plans for integrating clinical data with that from more than 60 payers, developing real-time and predictive analytics.
3M Health Information Systems offers software and consulting services for hospitals and health systems, commercial payers, and federal and state agencies to compile and analyze health information. Its computer-assisted coding, clinical documentation improvement, data interoperability and quality outcomes reporting tools help improve clinical and financial performance.
“Our mission has always been to provide valuable, sustainable solutions in payment and health system transformation,” said William Kelly, president, Treo Solutions, in a press statement. “Combining with 3M will bring the opportunity to scale our offerings to help clients manage healthcare change and solve the most complex problems.”
The acquisition is expected to close in the second quarter, subject to customary closing conditions and regulatory approvals.
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Article source: http://www.healthcareitnews.com/news/3m-acquire-treo-solutions