) 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.
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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
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
Hutchison Whampoa Ltd
), each carrying a Zacks Rank #2 (Buy).