Canon Medical Systems USA | November 28, 2022
Canon Inc. announced that the company has decided to establish a new subsidiary, to be named Canon Healthcare USA, INC. By strengthening its presence in the highly influential American medical market, Canon aims to accelerate the growth of its medical business.
The Canon group is currently working towards a grand strategic transformation of its business portfolio in order to realize future growth. With the announcement of Phase VI, the latest in the company’s Excellent Global Corporation Plan series of 5-year management programs, Canon’s primary objective is to “thoroughly strengthen business competitiveness.” Under this slogan, Canon is striving to increase its competitiveness in various spheres of the medical industry, including diagnostics such as CT, MRI, diagnostic ultrasound systems, as well as medical component businesses such as X-ray tubes, X-ray detectors and key MRI components. In addition, the company is making strides in the field of healthcare IT and in vitro diagnostics.
One of the most pressing challenges for Canon’s medical business has been the need to strengthen its presence in the American medical industry, which is extremely influential on the global market. Canon has decided to consider the greater Cleveland area, a key hub in the country’s medical industry as a candidate location for establishing Canon Healthcare USA, INC. in order to strengthen the company’s competitive presence in the global market.
With the establishment of Canon Healthcare USA, INC., Canon will transfer a portion of its marketing operations, incubated at the Global Headquarters over Canon’s long history. These operations will transfer to the Global Marketing Center, to be established in January of 2023, in order to strengthen upstream marketing1. By establishing a network with medical institutions on the front lines of treatment and achieving a greater understanding of the market, Canon will develop and propose products and solutions that address the trends and needs of the medical market. Among such efforts is the commencement of joint research with American medical institutions on the practical application of X-ray CT systems utilizing photon counting detection modules, with the goal of capturing the No.1 share of the global CT market at an early stage.
In addition, Canon Medical Systems USA the U.S. subsidiary of Canon Medical Systems Corporation will transfer a portion of its product sales and service operations to Canon Healthcare USA. This will integrate operations with downstream marketing2, thereby enabling the company to focus on increasing its share of medical diagnostic systems in the American market.
The Cleveland area, one of the candidate locations, is home to the headquarters and factory of Quality Electrodynamics, LLC which develops and manufactures MRI key components and was welcomed into the Canon Group in 2019. By placing QED under the umbrella of Canon Healthcare USA, Canon will aim to increase coordination between its system and component businesses.
Furthermore, Canon Medical will take over the advanced technology research activities that Canon has been conducting with Massachusetts General Hospital and Brigham Women’s Hospital at the Healthcare Optics Research Laboratory in Boston for 10 years, and will promote joint research aimed at commercialization in collaboration with the Global Marketing Center. In addition, Canon is considering the possibility of expanding U.S.-based development, manufacturing and other capabilities, with the goal of further strengthening its business in the country.
The establishment of this new company and expansion of business operations is expected to require USD $300 million of investment capital. This investment will empower Canon’s medical business to grow by deepening its understanding of customer and market needs, as well as redouble its efforts in the American market, thereby contributing to the global medical industry.
Premier, Inc. and Contigo Health, LLC | October 14, 2022
Premier, Inc. subsidiary Contigo Health, LLC, a provider of comprehensive services that optimize employee health benefits closed its transaction to acquire key assets from TRPN Direct Pay, Inc. and Devon Health, Inc.Acquired assets will include contracts with more than 900,000 providers across 4.1 million U.S. locations, as well as licenses to TRPN’s proprietary cost containment technology.
Contigo Health, which collaborates directly with self-funded employer health plans and health systems to improve employee access to high-quality healthcare, plans to leverage the acquired assets to develop the provider contracts into a new out-of-network wrap product named Contigo Health® ConfigureNet™. This new product is expected to complement and help grow Contigo Health’s health plan administration products, improving access to quality healthcare and reducing the cost of medical claims through pre-negotiated discounts with its network providers. Claims will be aligned to the network provider’s contracted rate through an electronic data interchange to help ensure a rapid and seamless process for health plans and providers alike.
Premier currently anticipates the transaction to generate adjusted earnings per share accretion of $0.01 to $0.02 in fiscal 2023. In addition, the company expects the transaction to result in $40 million to $60 million in incremental annual net revenue and contribute 40 percent to 50 percent in adjusted EBITDA margin once fully scaled in the next three to five years.
“We are pleased to complete this transaction and look forward to the launch of Contigo Health® ConfigureNet™ later this fall. With the acquisition of these assets, Contigo Health is well positioned to expand into self-funded employer health plans across the country, offering a differentiated solution that better manages costs and offers more choices to employees.”
Michael J. Alkire, President and CEO of Premier
About Premier, Inc.
Premier, Inc. is a leading healthcare improvement company, uniting an alliance of more than 4,400 U.S. hospitals and health systems and approximately 250,000 other providers and organizations to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, and consulting and other services, Premier enables better care and outcomes at a lower cost. Premier plays a critical role in the rapidly evolving healthcare industry, collaborating with members to co-develop long-term innovations that reinvent and improve the way care is delivered to patients nationwide. Headquartered in Charlotte, N.C., Premier is passionate about transforming American healthcare.
About Contigo Health, LLC
Contigo Health, LLC, a subsidiary of Premier, Inc., creates new ways for clinicians, health systems and employers to work together to optimize employee health benefits. With over 3.9 million eligible members, Contigo Health® products include Sync Health Plan Administration TPA, Sync Health Plan BPO, and ECEN Passport (COE). These quality programs support a common goal for all stakeholders to increase access to high-quality care, enhance employee engagement, control costs and get employees back to work and life faster.
Commure | November 14, 2022
To help healthcare organizations hurdle long-standing barriers to meaningful transformation and drive exponential innovation at scale, Commure, Inc. today introduced CommureOS, a revolutionary transformation platform purpose-built for healthcare, at HLTH 2022.
CommureOS is designed to give healthcare organizations the power to synthesize and maximize their existing solutions as well as easily build and rapidly deploy intelligent workflows to enhance clinical, operational, and financial efficiency. By reconciling information through a single platform and facilitating easy and connected innovation, CommureOS enables hospitals and health systems to streamline their technology experience, empower their healthcare workforce, and enhance care delivery and outcomes.
“For decades, health organizations have been pushed to innovate at near-impossible speeds to keep up with the industry’s rate of change — and have made remarkable strides despite it all, More than ever, they deserve a robust tech experience that ensures their progress can endure. Over the past five years, we’ve been quietly and responsibly building a new model of innovation with some of our nation’s biggest health systems — and today, we invite pioneering organizations to embark with us on a new era of healthcare transformation.”
-Ashwini Zenooz, MD, CEO of Commure
With CommureOS, healthcare organizations can more effectively and efficiently:
Unlock and connect disparate data points and static insights across their technology ecosystem and make them actionable and helpful at the point of care.
Create, test, and deploy new solutions to solve their unique challenges with modular and industry-native building blocks — turning months of development into hours of configuration.
Reuse established clinical and non-clinical data connections and extend across multiple use cases and workflows to seamlessly scale innovation throughout their organization.
At a time when hospitals and health systems across the country are grappling with rising burnout and attrition, Commure is steadfast in our commitment to empower the healthcare workforce by simplifying and optimizing the tasks they do and the workflows they use every day, By helping health organizations derive meaning from mountains of data and build connected solutions at scale, we can finally ensure that people — rather than technology — are at the heart of our healthcare ecosystem,said Abhijit Mitra, chief product and engineering officer at Commure.
With CommureOS, leading health systems and hospitals have the tools and support to create or customize the organizational workflows they need with ease, enabling them to streamline traditionally manual and time-consuming tasks and cultivate a more dynamic experience for clinicians, staff, and care delivery teams.
There’s a new generation of digital health innovators keeping health systems at the center of their own transformation journeys — and Commure is at the forefront, Migrating from point solutions to platform is essential for technology-driven transformation of the sector. By connecting the dots and driving exceptional experiences, Commure is advancing our collective pursuit of responsible and enduring innovation,said Hemant Taneja, CEO and managing director at General Catalyst and co-founder of Commure.
Commure, Inc. is building the first operating system designed for healthcare. By connecting disparate datasets, surfacing meaningful insights, accelerating performance through a suite of intuitive applications, and enabling seamless innovation across the industry, we empower every person in the health ecosystem to deliver exceptional care. Commure’s original applications include solutions to improve staff safety, enhance clinical workflow, and bolster financial operations. Commure is partnering with health systems, payors, and digital innovators to build a vibrant health ecosystem together; currently, the company enables more than 160,000 clinicians and staff across more than 400 care facilities to advance care through collaboration.