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3M COMPANY

(MMM)
  Report
Delayed Nyse  -  04:03:44 2023-01-27 pm EST
115.25 USD   +1.50%
01/26Mizuho Securities Adjusts 3M Company's Price Target to $120 From $130, Maintains Neutral Rating
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01/25Tech firms, Wall Street lead job cuts in corporate America
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01/25Deutsche Bank Adjusts 3M Company Price Target to $119 From $120, Maintains Hold Rating
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New 3M Ambulatory Potentially Preventable Complications software supports growing need for patient safety and quality oversight in outpatient settings

11/18/2022 | 11:14am EST

3M Health Information Systems (HIS) today announced the rollout of its new methodology 3M Ambulatory Potentially Preventable Complications (3M AM-PPCs) software, developed to address patient safety and quality oversight for procedures performed in hospital outpatient departments or ambulatory surgery centers.

Unlike the inpatient setting, the outpatient environment has a less mature patient safety measurement system. As the scope, volume and complexity of procedures conducted in ambulatory settings expand, the need for a comprehensive approach to identify and trend adverse events also increases. The new 3M AM-PPCs software uses sophisticated grouping logic and allows providers and payers to identify and analyze complications in outpatient settings by specific procedures, service lines, providers, and facilities. National benchmarks are also included. These robust drill-down data analysis capabilities can provide insights on patient safety areas with the greatest opportunities for quality and excess cost improvements in outpatient settings.

3M AM-PPCs can help payers and providers develop interventions to reduce preventable complications, improve care in ambulatory settings, and establish targeted incentives to guide outcomes-based payment,' said Dr. Sandeep Wadhwa, 3M HIS global chief medical officer. 'This new software can also facilitate easy and accurate reporting of ambulatory complications for public report cards and quality improvement efforts by providing a fair, age-adjusted basis for comparing service lines, hospital outpatient procedures and ambulatory surgery centers.'

Complications not only impact quality of care, but also directly impact resource utilization and contribute to potentially avoidable health care costs. They are associated with excess follow-up visits, emergency department visits and inpatient admissions, and can affect patient safety, satisfaction, and emotional health. Although not all complications are preventable, excessive complications can be reduced if they are clearly identified and addressed. Likewise, the solution also identifies providers and sites of excellence with lower-than-expected complications from whom best practices and recognition can follow.

Patient safety is a priority for all health care organizations. As the trend toward ambulatory care delivery continues to grow, the need to promote safety and efficiency in this setting will also continue to grow. Our preliminary analysis of more than 11 million at-risk ambulatory procedures indicates complication rates may be as high as 10 percent for certain procedures, with significant variation by hospital outpatient departments, which suggests there is room for improvement in the quality of care being delivered,' said Dr. Wadhwa.

About 3M

3M (NYSE: MMM) believes science helps create a brighter world for everyone. By unlocking the power of people, ideas and science to reimagine what's possible, our global team uniquely addresses the opportunities and challenges of our customers, communities, and planet. Learn how we're working to improve lives and make what's next at 3M.com/news or on Twitter at @3M or @3MNews.

Contact:

Tel: 651-733-8805

(C) 2022 Electronic News Publishing, source ENP Newswire

All news about 3M COMPANY
01/26Mizuho Securities Adjusts 3M Company's Price Target to $120 From $130, Maintains Neutra..
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01/25Tech firms, Wall Street lead job cuts in corporate America
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01/25Deutsche Bank Adjusts 3M Company Price Target to $119 From $120, Maintains Hold Rating
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Analyst Recommendations on 3M COMPANY
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Financials (USD)
Sales 2022 34 190 M - -
Net income 2022 6 254 M - -
Net Debt 2022 11 763 M - -
P/E ratio 2022 10,5x
Yield 2022 5,17%
Capitalization 63 300 M 63 300 M -
EV / Sales 2022 2,20x
EV / Sales 2023 2,36x
Nbr of Employees 95 000
Free-Float 57,8%
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Technical analysis trends 3M COMPANY
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 20
Last Close Price 115,25 $
Average target price 125,12 $
Spread / Average Target 8,56%
EPS Revisions
Managers and Directors
Michael F. Roman Chairman & Chief Executive Officer
Monish Patolawala EVP, Chief Financial & Transformation Officer
John Patrick Banovetz Director-Industrial Adhesives & Tapes Division
Mark W. Murphy Executive VP, Chief Information & Digital Officer
Michael A. Duran Senior VP, Chief Ethics & Compliance Officer
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