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   Non-Tech3M (MMM)

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From: JakeStraw4/4/2014 2:14:19 PM
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3M announced today that it has completed its acquisition of Treo Solutions, a leading provider of data analytics and business intelligence to healthcare payers and providers

Treo, which delivers analytics on data from more than 60 health plans, is an industry leader in using data analytics to redesign payment structures and transition payer and provider clients to value-based care models.

“The acquisition of Treo is a significant step for 3M in developing coding and analytics solutions enabling our clients to deliver healthier outcomes at lower costs,” said Jon T. Lindekugel, president, 3M Health Information Systems. “By combining Treo’s expert analytic tools and services with 3M’s deep expertise in patient classification, we can help clients benchmark performance, manage population health, and achieve a more complete picture of the patient across the continuum of care.”

Treo employs approximately 180 people and is headquartered in Troy, N.Y., with offices in Denver, Colo. and Overland Park, Kan.

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From: JakeStraw5/7/2014 1:02:07 PM
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3M and Rush Enterprises to Bring Quality Solutions to CNG Industry

Companies to bring together best-in-class solutions for natural gas transportation fuel systems

3M and Rush Enterprises today announce an agreement to pursue the design, manufacture and installation of a portfolio of compressed natural gas (CNG) tanks and fuel systems for use in Class 6-8 vehicles in North America. The Agreement allows for 3M to supply tanks with proprietary technology, and for Rush Enterprises to provide enhanced fuel systems, distribution and service support.

“We believe the lack of a holistic approach to fuel system development has slowed adoption in this segment,” said Rory Yanchek, Vice President and General Manager for 3M’s Aerospace & Commercial Transportation Division. “Our collaboration with Rush Enterprises will help accelerate industry adoption by bringing superior value to customers, and delivering quality solutions that address many currently unmet needs.”

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From: JakeStraw5/8/2014 8:38:55 AM
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3M Celebrates Innovation Milestone: Receives 100,000th Patent

“We celebrate this important milestone, and honor all of the scientists whose inventions have contributed to the success of 3M and the products it brings to companies, homes, and people,” said Fred Palensky, 3M executive vice president and chief technology officer. “Our unwavering commitment to research and development allows us to deliver technology, products and innovation to our customers worldwide.”

One of the 3M inventors on the patents that issued today is Audrey Sherman, who works in 3M’s Electronics & Energy Business Lab. She currently holds 50 patents. Her recent patent is for a material with fascinating versatility, including the potential to improve cosmetics, insulation wrapping and electronics.

Each year, about 3,000 patents are issued to 3M worldwide, more than 500 of which are granted in the U.S. These patents have applications in a wide range of industries as diverse as the company itself – ranging from health care adhesives and sterilization products to consumer electronics to reflective traffic signs. 3M’s first patent was granted in 1924. The following year, former 3M Chairman of the Board William McKnight earned 3M’s second patent, which was issued for a handle for sandpaper.

“Patents are critical to protecting our innovation and significant investments in R&D,” said Palensky. 3M invests nearly six percent of sales annually in R&D including funding for multiple technology platforms that will be introduced to the market in the coming years.

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From: JakeStraw5/15/2014 9:46:45 AM
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3M Teams with TriZetto to Offer Grouping, Compliance and Payment Reform Methodologies to Commercial Payers

3M Health Information Systems and TriZetto Corporation have signed a strategic agreement to provide optional integration of 3M grouping, edit, compliance and pay-for-outcomes logic into TriZetto’s industry leading NetworX Pricer® and NetworX Modeler® solutions. When integrated, 3M software promotes timely compliance with federal and state government payment regulations and enables TriZetto’s clients to implement programs that identify avoidable cost and reward efficiency, quality, and care coordination.

With this agreement, TriZetto customers will have the ability to perform inpatient hospital editing and grouping through the 3M All Patient Refined DRG (APR DRG) Classification System and Medicare Severity Diagnosis Related Groups (MS-DRGs). The agreement also provides editing, grouping and/or pricing for some outpatient hospital processes through the 3M Enhanced Ambulatory Patient Grouping System (EAPGS). Under the current agreement, NetworX clients have the option to work with TriZetto in expanding the offerings available to include 3M EAPGS or 3M Potentially Preventable Events, including Complications, Readmissions, Ancillary Services, Emergency Room Visits, and Hospital Admissions.

“Rules governing healthcare payment can change quarterly, monthly, even daily, so staying up-to-date can be crucial,” said Alan Stein, senior vice president, Solutions Management for TriZetto. “It’s also important for commercial payers to focus on improving healthcare quality and efficiency using unique payment methodologies such as those created by 3M.”

3M’s industry-leading content is created and maintained by a team of healthcare regulatory experts, including policy analysts, nosologists, physicians, registered nurses, certified coders, and reimbursement specialists. 3M proprietary methodologies are used to capture and analyze national and regional rule changes, and then to adjust or develop new edits and grouping technology.

Since 1983, 3M has focused on developing prospective payment systems that have revolutionized health care. Today, 3M supports grouping, editing and reimbursement configurations for over 50 federal, state, and commercial payer and reporting organizations implemented for payment, quality and public reporting.

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From: JakeStraw5/29/2014 3:05:07 PM
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A Look at 3M's Oil and Gas Innovation Lab

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From: JakeStraw6/18/2014 1:17:44 PM
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3M Showcases Large-Format Multi-Touch Solutions for Interactive Digital Signage at InfoComm 2014

55-inch collaborative touch table concept, large-format multi-touch systems for OEMs and integrators, and immersive multi-touch on display

3M touch products are commonly used for single-touch and multi-touch applications that include casino gaming, foodservice, hospitality, industrial, interactive digital signage, healthcare, retail point of sale and self-service. Information about 3M touch solutions is available at

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From: JakeStraw8/14/2014 12:23:20 PM
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3M Library Systems Receives Payment Application Data Security Standard Validation

Enhanced security for fines and fees collection with PA-DSS validation

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From: JakeStraw8/25/2014 9:20:09 AM
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3M Invests in Smart Energy Instruments

Stake will bolster 3M’s relevance in energy market

3M New Ventures – the corporate venture arm of 3M – announced an equity stake in Toronto-based Smart Energy Instruments (SEI), a move that will further accelerate SEI’s efforts in developing electronic chipsets with high-precision, real-time monitoring capabilities for smart grids, as well as give 3M a bigger presence in the energy sector.

SEI’s technology platform is based on a core set of chips with unprecedented measurement precision and low-power consumption that can be integrated into today’s intelligent electronic devices. It gives equipment manufacturers and utilities a huge competitive edge in functions such as grid load monitoring, fault detection and isolation.

“SEI’s unique technology will strengthen 3M’s leadership in the energy sector and enable the development of ubiquitous infrastructure sensing and monitoring solutions,” added Stefan Gabriel, president of 3M New Ventures.

Aging grid infrastructures and the surge in renewable energy sources – particularly solar and wind – are driving the need for more precise monitoring devices. 3M’s Electronics and Energy Business Group is building new platforms for greater relevance to the energy sector, and SEI’s chips will be a key part of 3M’s portfolio for grid automation.

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From: JakeStraw10/23/2014 8:05:48 AM
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3M Posts Record Third-Quarter Sales and Earnings per Share

Third-Quarter Highlights:
Organic local-currency sales growth of 3.9 percent
Earnings of $1.98 per share, up 11.2 percent
Operating income margins of 23.4 percent, up 1.4 percentage points year-on-year
Free cash flow conversion of 103 percent
Returned $1.8 billion to shareholders via dividends and gross share repurchases
Acquired remaining 25 percent of Sumitomo 3M for $865 million

“This was another strong quarter for 3M,” said Inge G. Thulin, 3M’s chairman, president and chief executive officer. “The 3M team once again delivered broad-based organic growth with operating margins exceeding 22 percent in all businesses. As we look forward, our focus will remain on actively managing the portfolio and strategically investing in the business to continue delivering profitable growth across the company. 3M remains on track to deliver its long-term financial objectives.”

3M updated its 2014 full-year performance expectations. The company now anticipates earnings in the range of $7.40 to $7.50 per share versus a prior expectation of $7.30 to $7.55. Organic local-currency sales growth is expected to be 4 to 5 percent versus 3 to 6 percent previously. 3M estimates foreign currency impacts will reduce sales by approximately 1.5 percent for the year versus a previous estimate of approximately 1 percent. The company also updated its full-year free cash flow conversion expectation to 95 to 100 percent from a prior range of 90 to 100 percent.

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From: JakeStraw11/5/2014 11:15:09 AM
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3M Awarded Analytics Contract for Rhode Island’s All-Payer Claims Database

3M Health Information Systems provides technology and analytics for Utah’s APCD, the Texas Association of Health Plans multi-payer initiative, and the Center for Improving Value in Health Care which operates the Colorado APCD, as well as multiple payer initiatives involving Blue Cross Blue Shield plans

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