Not-for-profit HIMSS Analytics, a subsidiary of the Healthcare Information and Management Systems Society, Chicago, and the Advisory Board Co., Washington, announced a “collaboration” between the organizations that will result in HIMSS Analytics' two most-senior executives joining the for-profit Advisory Board.
The Advisory Board, Washington, is a publicly traded, for-profit corporation that provides performance improvement services to healthcare and educational organizations.
HIMSS Analytics President and CEO David Garets, and Michael Davis, executive vice president of HIMSS Analytics, will leave the subsidiary and join the Advisory Board Co. to head up the and lead the effort, according to a media statement.
“It's really not anything more than us providing data that they're going to build a product around,” said HIMSS President and CEO Stephen Lieber. “It's kind of like thinking of the HIMSS Analytics data as the raw material. We're not a consulting company, but we have the data. There is no formal organizational relationship, it's simply a contract for us to provide data for them to build some benchmarking products around.”
Lieber said Garets and Davis had been considering leaving HIMSS Analytics and setting up a consultancy business for about nine months, and in the meantime, the Advisory Board approached HIMSS Analytics about buying data. That led Garets and Davis to consider going with the Advisory Board, Lieber said.