3M To Acquire M*MODAL'S Technology Assets

Posted by MarketsandMarkets on Dec 26, 2018 5:05:32 PM

Rajiv Kalia - Associate Vice President : Healthcare Research, at MarketsandMarkets™, shares his Point of View as mentioned below:
On December 19, 2018, 3M announced that it had entered into a definitive agreement to acquire the technology business (with an estimated revenue of USD 200 million) of M*Modal for USD 1.0 billion. The acquisition is aimed to improve the capabilities of the revenue cycle management and population health management platforms offered by 3M. The acquisition will help 3M to further enhance clinical documentation workflows for physicians and enable them to focus on core tasks of care delivery by incorporating M*Modal’s cloud-based conversational AI solutions into existing product offerings.

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Topics: Healthcare IT, revenue cycle management market, RCM solutions

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