The Healthcare Information and Management Systems Society announced it will form a subsidiary to create and collect data and information services necessary but not sufficiently available to providers. Besides filling an information gap, the subsidiary would diversify the association's offerings, make it less dependent on convention revenue and help fund an ambitious expansion of influence into areas such as ambulatory-care information technology and Washington-based advocacy, said Stephen Lieber, HIMSS president and chief executive officer. The scope of the new business should be decided by summer and will determine whether it's incorporated as a not-for-profit or for-profit, Lieber said. Approved this week by the HIMSS board, the company could be launched by next fall or it could take a year to get off the ground, depending on the ambition of its initial objectives, he said. The society plans to finance the company from existing liquid assets and financial reserves, which total about $15 million. -- by John Morrissey
HIMSS plans data, information services subsidiary
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.