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Omnicell to Feature Vision for Fully Digitized, Autonomous Pharmacy at HIMSS19

Vlad Poptamas

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Technology, Intelligence, and Expert Services Showcased in Booth #2071 Designed to Address Rising Medication Management Costs

Omnicell, Inc., (NASDAQ: OMCL), a leading provider of medication management solutions and adherence tools for healthcare systems and pharmacies, will be showcasing the industry’s most comprehensive and customizable platform of medication management solutions at the HIMSS19 Conference & Exhibition, taking place February 11-15 in Orlando, FL. The Company’s industry-leading medication management platform leverages automation, predictive intelligence, and expert services to help improve patient safety, simplify workflows, and decrease costs across health systems. Omnicell will also showcase the Autonomous Pharmacy vision, a roadmap designed to develop a zero error, fully automated medication management infrastructure.

According to the 2019 Healthcare IT Demand Survey from Damo Consulting, digital, advanced analytics, and artificial intelligence (AI) are top spending priorities for healthcare executives in 2019.1 With $450 billion spent on medication management annually,2 maximizing technology investments, and real-time, cloud-based reporting, analytics, and benchmarking can help drive more strategic decision making for improved business and clinical outcomes.

“As health systems look to make the most of their existing resources, Omnicell has made a significant commitment to developing a fully digitized, autonomous approach to medication management,” said Nhat H. Ngo, executive vice president, marketing, strategy, and business development at Omnicell. “We’re excited to be at HIMSS19 to showcase how we are working with healthcare providers to reduce human error and allow them to maximize their resources to help positively impact patient outcomes.”

Autonomous Pharmacy
Today’s pharmacy care delivery system is driven by outdated workflows and manual processes – with pharmacists spending 76 percent of their time on non-clinical activities according to a recent American Society of Health-system Pharmacists national survey.3 The vision for Autonomous Pharmacy integrates a comprehensive set of solutions powered by the Omnicell Cloud Data Platform across three key areas: Automation solutions designed to digitize and streamline workflows; Intelligence that provides actionable insights to better understand medication usage and improve pharmacy supply chain management; and automation of medication dispensing Workflows, which includes expert services that serve as an extension of pharmacy operations to support improved efficiency, regulatory compliance, and patient outcomes.

The foundation of Omnicell’s Autonomous Pharmacy vision is a cloud data platform, where every medication is considered a unique node on the network. Tracking each dose through every stage of the hospital, from central pharmacy through patient delivery, the platform will power Omnicell’s complete medication management portfolio, providing actionable intelligence that supports higher availability, improved security, increased computing power and a better experience overall.

Omnicell will showcase select products from the Company’s current portfolio and its vision for the fully digitized autonomous pharmacy in Booth #2071, including:

In the central pharmacy, Omnicell’s innovative automation solutions are designed to digitize and streamline workflows across the continuum of care. For example, IVX Workflow sterile compounding solution supports best practices in aseptic technique by providing step-by-step guidance for preparing IV doses according to set protocols – safely, accurately, and repeatedly. IVX Workflow is part of Omnicell’s full suite of IV automation solutions that support insourced sterile compounding. Insourcing IV compounding can provide up to a 66% reduction in costs, based on ROI modeling.

On patient floors, Omnicell’s XT Series Automated Dispensing Cabinets help improve workflow efficiency, medication accountability, and patient safety through the latest hardware technology and smart software features including interoperability with EHR systems. Omnicell’s automated dispensing cabinets recently received the Best in KLAS ranking for the 13th consecutive year.4

Omnicell’s software solutions along with expert services serve as an extension of pharmacy operations to support improved efficiency, regulatory compliance, and patient outcomes. For example, Performance CenterTM helps improve business and patient outcomes by combining cloud-based predictive intelligence with ongoing services that help optimize medication inventory, proactively manage medications shortages and expiration risk, and reduce overall medication expense. Customers have saved two to three percent of annual drug spend on average through Performance Center.

For health systems managing potential drug diversion, Omnicell Analytics software reduces the time needed to audit clinician transactions at the automated dispensing cabinets and helps facilitate documentation of suspected diversion.

XR2 as a Service combines the groundbreaking technology of Omnicell’s XR2 Automated Central Pharmacy System with dedicated resources to support a more comprehensive approach to managing pharmacy medication inventory. Designed to scale with organizational growth, XR2 maximizes the return on pharmacy investment, reducing administrative burden and allowing pharmacy leadership to focus on clinical care.

These innovative solutions, which complement integrated technologies in central pharmacy, clinician workflow, and medication adherence automation, support the Company’s Autonomous Pharmacy vision.

1Healthcare Innovation. “Survey: Digital, AI Top Priorities in 2019, but EHRs Will Dominate IT Spend.” (Accessed 2/5/19). https://www.hcinnovationgroup.com/population-health-management/news/13031072/survey-digital-ai-top-priorities-in-2019-but-ehrs-will-dominate-it-spend

2IQVIA Institute Report. (2018). Medicine Use and Spending in the U.S. A Review of 2017 and Outlook to 2022

3Pedersen, Craig & Schneider, Philip & Scheckelhoff, Douglas. (2016). ASHP national survey of pharmacy practice in hospital settings: Monitoring and patient education-2015. American journal of health-system pharmacy : AJHP : official journal of the American Society of Health-System Pharmacists. 73. 10.2146/ajhp160081.

42019 Best in KLAS: Software & Services, KLAS Enterprises, LLC. All rights reserved. www.KLASresearch.com

SOURCE Omnicell, Inc.

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Computer Electronics

Lead5 Exposes Hidden Executive Jobs, Opening New Doors for Talented Executives

Vlad Poptamas

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Photo source: executivejobresource.com
Reading Time: 2 minutes

 

Lead5, a leading provider of hidden executive jobs and intel, today announced enhancements to its platform that will give job-seeking executives unprecedented confidential access to the hidden and often secretive executive search world. The company believes that this latest round of enhancements will provide even more targeted opportunities to top candidates who are looking for a competitive edge in their executive job search.

“Our latest enhancements serve to empower Lead5 members by offering them the earliest and most personalized access to the hidden executive job market which has remained veiled for decades,” said Co-Founder and CEO Josh Wimberley.  “I get excited when Lead5 members reach out to me and credit Lead5 with helping them land their latest opportunity.”

CEO Josh Wimberley went on to express enthusiasm about Lead5’s new ‘Private Equity Deals’ feature, “I spent nearly two decades as a Senior Partner and Practice Leader at a leading executive search firm, and I’ve helped hundreds of CFOs successfully transition into their next role. My CFO contacts have expressed to me a desire to stay continually apprised of the dynamic private equity world. I’m excited to deliver a 1-stop shop experience where CFO’s can learn all the salient details of the latest PE-backed deals in near real-time filtered by industry and region.”

Specific highlights of Lead5’s latest platform enhancements include:

More Hidden (Unlisted) Executive Jobs.  150%+ increase in hidden executive opportunities achieved through Lead5’s proprietary AI and algorithms. Executive job seekers can pursue these openings without posting their CV publicly or listing their job-seeking status, thereby ensuring confidentiality.

Private equity jobs and intel.  70%+ of private equity deals result in executive leadership changes at the portfolio company. Lead5 now reports these deals and the resulting job opportunities in near real-time.

Hyper-targeted hidden job opportunity notifications.  Members will receive email notifications based on job criteria that they set with Lead5’s proprietary My5 filters to find the perfect fit.

Personalized dashboard and advice.  Lead5 now offers a personalized summary view of opportunities and news to allow members to quickly hone in on important intel. Lead5 added suggestions for contacts to know, and actions to take to guide prospects into their next prominent role.

The company says a primary aim of this release is to provide unparalleled specificity and personalization that respects its members’ busy lives and makes their executive job search more efficient and successful.

 

SOURCE Lead5

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Banking & Financial Service

NetCents Technology Eliminates Blockchain Transaction Delays With Zero Confirmation and Risk Analysis

Vlad Poptamas

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Photo source: cryptocynews.com
Reading Time: 2 minutes

 

NetCents Technology Inc. (“NetCents” or the “Company“) (CSE: NC) (Frankfurt: 26N), is pleased to announce that it has released its Zero Confirmation and Risk Analysis technology that guarantees cryptocurrency transactions before they are confirmed on the blockchain.

“The delay in transaction approval is the biggest hurdle for card present, retail merchant and partner adoption. As it is right now, there is a delay for all cryptocurrency transactions, opening a window for transactions to timeout, fraud, and double spending,” stated Clayton Moore, CEO of NetCents Technology. “The launch of this technology lines up with our POS and terminal integration and rollout. Being integrated with companies like Oracle and PAX, who alone has over 26 million terminals, the delay at the point of sale was something that we knew we needed to eliminate to instill confidence for retail merchants to begin accepting cryptocurrency and avoid transaction delays for the consumer.”

In addition, the Company will be licensing this technology to cryptocurrency payment processors, retailers, and any business that is looking to validate a transaction before the transaction is confirmed on the blockchain. There are currently over 287,000 blockchain transactions per day that this technology can be applied to. With the wait time currently being the biggest hurdle for retail adoption, this technology eliminates that hurdle which the Company anticipates will further drive merchant and transaction growth.

The NetCents Zero Confirmation and Risk Analysis technology facilitates near-instant, risk-mitigated commerce, guaranteeing the cryptocurrency transaction before it is confirmed by miners on the blockchain. The technology provides a score for each transaction, guaranteeing the transaction against double spend, expiration, and other fraud. If the transaction passes the NetCents scoring algorithm, the transaction is approved with 0 confirmations. At launch, the Company will be using this technology for all Bitcoin transactions and will be rolling out for Litecoin and Bitcoin Cash transactions within the next 6-weeks.

This platform enhancement reduces the wait time at point of sale transactions which the Company has seen take up to 30 minutes. With Zero Confirmation and Risk Analysis, NetCents is now able to deliver near real-time confirmation for 98% of all Bitcoin transactions.

 

SOURCE NetCents Technology Inc.

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Brazil

Brazilian Enterprises See Digital Transformation as a Way to Better Engage with Customers

Vlad Poptamas

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Photo source: aljazeera.com
Reading Time: 2 minutes

 

Enterprises in Brazil want digital business transformation providers to help them create better customer experiences and transform the customer journey, according to a new report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.

The ISG Provider Lens™ Digital Business Transformation Report for Brazil sees the country’s digital business transformation market transforming all aspects of traditional business. Enterprises are looking to vendors to help them improve their sales processes, product design, supply chains, human resource management and other core functions. Often that means becoming more agile and moving more workloads to the cloud, the report said.

The customer journey is a major focus in the Brazil market, with most providers using design thinking to address customer needs and expectations, according to the report. “In the digital era, customers buy experiences, feelings, well-being, comfort and convenience, and many companies see digital transformation as a way to meet those expectations,” said Esteban Herrera, partner and global leader of ISG Research.

Other important pieces of the digital transformation journey in Brazil include robotic process automation and artificial intelligence, the report said. But RPA and AI are not reducing employee numbers; instead the technologies are taking over repetitive tasks for workers.

Agility is another major goal of digital transformation. Many enterprises want vendors to help them become more agile in several ways, Herrera said. “Enterprise agility goes far beyond software development. Companies need to efficiently and rapidly address individual customer expectations and requirements, with minimal unplanned cost, effort or disruption to the enterprise. They need continuous delivery to remain competitive.”

The report highlights the emergence of ecosystems, which it calls “one-level-up partnerships.” Previously used to expand sales channels, these partnerships now are aimed at creating new offerings, developing new markets and enhancing customer experience. Co-creation and collaboration define the modern ecosystem.

The ISG Provider Lens™ Digital Business Transformation Report for Brazil evaluates the capabilities of 29 providers across seven quadrants: Enabling the Customer Journey, Digital Enterprise Operations, Digital Transformational Platforms (PaaS), Digital Transformational Services (XaaS), Digital Product Creation and Customization, Digital Continuous Delivery and Blockchain as a Service.

The report names IBM as a leader in all seven quadrants, while Accenture is a leader in six. Cognizant and Stefanini are named a leader in four quadrants, Wipro in three, and CI&T and ilegra in two. Atos, DXC Technology, Publicis Sapient AG2, Sofftek, Tech Mahindra and TIVIT were all cited as a leader in one quadrant.

Custom versions of the report are available from Cognizant and Stefanini.

The ISG Provider Lens™ Digital Business Transformation Report for Brazil is available to ISG Insights™ subscribers or for immediate, one-time purchase on this webpage.

 

SOURCE Information Services Group, Inc.

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