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MarketScreener Homepage  >  Equities  >  Nyse  >  Hill-Rom Holdings, Inc.    HRC

HILL-ROM HOLDINGS, INC.

(HRC)
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Hill Rom : Microsoft, Hill-Rom Team to Bring Medical Device Data to EHRs

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01/12/2019 | 04:52am EDT

Medical technology company Hill-Rom announced its partnered with Microsoft to bring medical device data into electronic heath records.

The vendors developed combined tools that will leverage operational data and clinical knowledge from Hill-Rom, in conjunction with Microsofts cloud offerings like Azure IoT and Azure Machine Learning. The aim is to analyze real-time sensing data from medical devices and EHR data, which then communicates potential patient risk and hospital protocol actions to providers at point of care.

The new tools will integrate medical device data, like smart hospital bed systems, vital sign monitors, and other connected devices, and EHR information through a common infrastructure. Officials said it will help clinicians assess and analyze critical data at a patients bedside with actionable insights.

According to officials, the new platform will provide localized, cloud-based patient risk identification, and communications. The hope is that the tool will reduce complications, boost efficiency, and improve patient outcomes.

The tools will be available later this year, and officials said the goal is to improve patient outcomes. By working with Microsoft, clinicians can better identify, communicate, and mitigate patient risk with real-time data to address customer challenges.

Information and connectivity are critical to providing quality healthcare, reducing length of stay, driving efficiencies across the healthcare continuum and providing clinical and economic value, Hill-Rom President, CEO John Groetelaars, said in a statement.

To Chris Sakalosky, Microsoft Vice President of US Health and Life Sciences, the partnership will help empower organizations across all industries, and especially in the health market.

The Hill-Rom-Microsoft partnership is just the latest in tech companies partnering to solve some of healthcare biggest issues. Change Healthcare and Experian Health just announced a partnership designed to target patient identity management issues, while Excel Medical teamed with Epic to deliver real-time physiological data into Epics workflows.

Meanwhile, Sharp HealthCare extended its decade-long relationship with Cerner with a new pop health project. And Allscripts recently entered an agreement with Microsoft to match patients with clinical trials.

(c) 2019 TehranTimes. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2019 2 883 M
EBIT 2019 520 M
Net income 2019 229 M
Debt 2019 1 624 M
Yield 2019 0,79%
P/E ratio 2019 29,58
P/E ratio 2020 25,02
EV / Sales 2019 2,98x
EV / Sales 2020 2,77x
Capitalization 6 962 M
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Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 113 $
Spread / Average Target 8,5%
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Managers
NameTitle
John P. Groetelaars President, Chief Executive Officer & Director
William G. Dempsey Independent Non-Executive Chairman
Tim Lawrence Senior Vice President-Operations
Barbara W. Bodem Chief Financial Officer & Senior Vice President
Brian L. Lawrence Chief Technology Officer & SVP-Innovation
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