Edison started investing in this space long before it was referred to as Healthcare IT. We look for market segments with long-term sustainable growth. Within Healthcare IT, electronic records and patient data analysis are two primary target markets—it is our belief that both of these market segments will experience 5+ years of rapid expansion. Our Healthcare IT portfolio exploits payers, as well as complex patient data analysis, to drive decisions by doctors administering care and by pharmaceutical companies developing drugs.
Our experience in the industry is demonstrated by our prior success with companies like Dendrite (IPO and now part of Cegedim), Marcam (IPO) and POMS (acquired by Honeywell). With investment experience including the leading Healthcare IT companies—Cadient, Cambridge Soft, Health Market Science, Portico—we anticipate many promising opportunities in the future. We look forward to the market finally being poised to leverage the many new solutions available.
Edison is seeking emerging leaders to guide the evolution of the pharmaceutical industry toward a more specialized, patient-centric focus. Pharma will continue to focus on mining and monetizing patient and population data to accelerate drug development. Building on our prior Pharma IT successes, such as Dendrite, POMS and Marcam, we have recognized promising market opportunities in Bioinformatics, personalized medicine and predictive modeling. The integration of pharma and healthcare was inevitable and the benefits to all participants significant.
With over 12 billion healthcare claims and billing transactions occurring annually, all parties can benefit from the efficiencies of using electronic transmissions. Edison has been active within claim submission, eligibility verification and payment. We expect more opportunities in applications that enhance efficiency of these processes, and to provide the analytics necessary to predict costs.
You can’t pick up a newspaper or magazine without recognizing how healthcare reform impacts our lives. In March 2010, Congress allocated tens of billions of dollars in financial incentives to subsidize the use of healthcare information technology. Healthcare payers, providers and patients seek a simple goal: more access to better care at a lower cost. Healthcare reform represents a goldmine for IT companies—increasing the opportunities to help the healthcare system achieve their goals.