Cisco, Intel and Oracle Create Consortium to Accelerate Sharing and Exchange of Medical Information Using Health Information Technologies.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif. -- High-tech Companies and California's Largest Medical Groups and IPAs Collaborate on Pay-for-Performance Program Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer ), Intel Corporation (company) Intel Corporation - A US microelectronics manufacturer. They produced the Intel 4004, Intel 8080, Intel 8086, Intel 80186, Intel 80286, Intel 80386, Intel 486 and Pentium microprocessor families as well as many other integrated circuits and personal computer networking , and Oracle today announced the formation of a consortium of leading technology companies, medical groups and independent practice associations (IPAs) that will reward doctors that use technology to share information and improve patient care. The consortium is unique in that it is employer-led and bands together thousands of employees and healthcare providers working toward a goal of improving healthcare quality. The Silicon Valley Pay-for-Performance Consortium brings together Cisco, Intel and Oracle as well as some of the largest medical groups and IPAs in Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern , including Camino Medical Group, Kaiser Permanente, Palo Alto Medical Foundation, San Jose Medical Group, Santa Clara County IPA IPA - International Phonetic Alphabet , Santa Cruz Medical Foundation and Stanford Hospital and Clinics. Its purpose is to accelerate the adoption of health information technology for the safe and highly secure exchange of vital patient records. Access to accurate and up-to-date patient information is critical to the practice of medicine today. Misdiagnoses, contraindicated prescriptions, repeated tests, and a host of other problems often result when physicians do not have access to current information. "Ultimately, it is about employers and physicians working together to improve the quality and safety of care," said Dr. Jeffrey Rideout, MD, Cisco's Vice President of Healthcare, Internet Business Solutions Group and Corporate Medical Director. "Creating a system that provides patient information and data as well as the results of medications and treatments will help physicians make the best medical decisions." A critical first initiative for the consortium is implementing a "Pay-for-Performance" program using the National Committee for Quality Assurance National Committee for Quality Assurance Medical practice A private, not-for-profit organization which has become the leading accreditor of managed care plans; in site visits, NCQA reviewers evaluate a managed care plan in terms of quality management, physicians' (NCQA NCQA National Committee on Quality Assurance, see there ) Physician Practice Connections (PPC See Pocket PC, PowerPC and pay-per-click. PPC - PowerPC ) program. Already in use in Bridges to Excellence programs in several states, the PPC national standards recognize physician practices that employ systematic processes and health information technology to improve quality. By establishing rewards for the use of processes and technology, the collaborative hopes to accelerate the transition to electronic health records and the use of automated decision support tools. Such tools can help doctors determine which course of therapy might be best for a particular patient given the latest science and medical and family histories. "A physician backed by a good electronic registry is much more effective and much less likely to make a mistake than one who isn't," said NCQA President Margaret E. O'Kane. "And there is a real efficiency issue too -- a doctor with good information support isn't going to be spending a lot of time tracking down medical histories to see if drug X or drug Y is right for Mr. Smith -- she'll know right from the start." The consortium came together after participants realized they shared a common goal: Improving information sharing to improve medical care. Consortium participants worked closely to determine the metrics that would be used to reward physicians that participate in the Pay-for-Performance program. Initially, Cisco, Intel and Oracle will pay financial incentives to participants based on measurements in three key categories: Evidence-based care evidence-based care, n a philosophy of treatment that relies on up-to-date, germane research as its foundation. , care management and patient education. The acceleration of Pay-for-Performance programs is labeled a national priority by the Department of Health and Human Services Noun 1. Department of Health and Human Services - the United States federal department that administers all federal programs dealing with health and welfare; created in 1979 Health and Human Services, HHS , which is driving numerous initiatives to improve healthcare quality through the adoption of information technologies. The number of programs has tripled in the United States since 2003, now numbering more than 100. Cisco, Intel and Oracle targeted the consortium medical groups and IPAs because they treat many of the companies' employees based in Northern California. The companies involved intend to expand the consortium where they have large concentrations of employees. The consortium is technology-neutral and standards based and not aimed toward adoption of technology from any provider. About Cisco Systems Cisco Systems, Inc. (NASDAQ:CSCO) is the worldwide leader in networking for the Internet. Information about Cisco can be found at http://www.cisco.com. For ongoing news, please go to http://newsroom.cisco.com. About Intel Intel, the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live. Additional information about Intel is available at www.intel.com/pressroom. About Oracle Oracle (NASDAQ:ORCL ORCL Oracle (stock symbol) ) is the world's largest enterprise software company. For more information about Oracle, visit our Web site at www.oracle.com. Trademarks Oracle, JD Edwards, and PeopleSoft are registered trademarks of Oracle Corporation and/or its affiliates. |
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