This article needs to be updated. (September 2022) |
InterSystems Corporation is a privately held vendor of software systems and technology for high-performance database management, rapid application development, integration, and healthcare information systems. The vendor's products include InterSystems IRIS Data Platform, Caché Database Management System, the InterSystems Ensemble[1] integration platform, the HealthShare healthcare informatics platform and TrakCare[2] healthcare information system,[3] which is sold outside the United States.
.svg){kind=logo} | |
| Company type | Private |
|---|---|
| Industry | software |
| Founded | 1978 |
| Founder | Phillip (Terry) Ragon |
| Headquarters | Cambridge, Massachusetts |
Key people | Phillip (Terry) Ragon, Founder and CEO |
| Products | InterSystems IRIS InterSystems IRIS for Health Caché Ensemble DeepSee HealthShare TrakCare GlobalsDB |
| Revenue | $770 million (FY2020) |
| Website | www.InterSystems.com |
InterSystems is based in Cambridge, Massachusetts.[4] The company's revenue was $727 million in 2019.
History
editInterSystems was founded in 1978 by Phillip T. (Terry) Ragon, its current CEO.[5] The firm was one of the vendors of M-technology (aka MUMPS) systems, with a product called ISM-11 (an DSM-11 clone) for the DEC PDP-11 .[6] Over the years, it acquired several other MUMPS implementations: DTM from Data Tree (1993); DSM from Digital (1995);[7] and MSM from Micronetics (1998); making InterSystems the dominant M technology vendor.[citation needed]
The firm eventually started combining features from these products into one they called OpenM, then consolidated the technologies into a product, Caché, in 1997.[8] At that time they stopped new development for all of their legacy M-based products (although the company still supports existing customers). They launched Ensemble, an integration platform, in 2003[9] and HealthShare, a scalable health informatics platform, in 2006.[10] In 2007, InterSystems purchased TrakHealth,[8] an Australian vendor of TrakCare, a modular healthcare information system based on InterSystems technology. In May 2011, the firm launched Globals as a free database based on the multi-dimensional array storage technology used in Caché.[11] In September 2011, InterSystems purchased Siemens Health Services (SHS) France from its parent company, Siemens.[12] In September 2017, InterSystems announced InterSystems IRIS Data Platform, which, the company said, combines database management capabilities together with interoperability and analytics, as well as technologies such as sharding for performance.[13]
Products
editThe company's products include the following:
- InterSystems IRIS data platform, a hybrid multi-model database management system for real-time transactions and analytics that is available as a private or public fully managed cloud platform.[14]
- InterSystems IRIS for Health, a data platform that supports healthcare messaging protocols such as FHIR, HL7, and IHE.[15]
- HealthShare, a healthcare informatics platform that supports the creation of and secure access to unified care records.[16]
- TrakCare, a web-based healthcare information system, available outside the U.S.[17]
- InterSystems Caché, a multi-model database management systems and application server. A MUMPS Server with SQL-Overlay and featured developer tools
- InterSystems Ensemble, a rapid integration and application development platform.[18]
In 2020, InterSystems was named a Visionary in Gartner’s Magic Quadrant for cloud database management systems for its InterSystems IRIS technology.[14]
Customers
editEpic Systems, a privately held health records vendor, is the company’s largest customer and has been using InterSystems technology for more than 40 years.[19] Epic originally built its electronic medical records software on InterSystems Caché but used InterSystems IRIS data platform as the foundation of a new release of its software launched in 2020.[19][20] As of 2022, Epic EMR software held the records of 78% of all U.S. patients and 3% of patients globally.[21]
In July 2020, the U.S. Department of Veterans Affairs launched a HealthShare-based platform called InterSystems Veterans Data Integration and Federation Enterprise Platform (VDIF EP) for developing longitudinal patient records.[22] VDIF EP enables care providers both within and outside the Veterans Health Administration to access veterans’ patient records.[23] The VA has used VDIF EP for tracking COVID-19 infections among veterans and VA medical personnel and for managing resource deployment across 172 VA medical centers and more than 1,000 outpatient clinics.[22][24]
Other major InterSystems customers include Credit Suisse, whose trading platform uses InterSystems Caché; the European Space Agency, which used InterSystems Caché for its Gaia mission to create a 3D map of the Milky Way; Mass General Brigham, which built its electronic health records system using InterSystems Caché and Ensemble; and the national health services of England, Scotland, and Wales, which use TrakCare for sharing patient health information and e-prescribing. 3M, BNY Mellon, Canon, Franklin Templeton, HSBC, MSC Mediterranean Shipping Company, Olympus, Ricoh, SPAR, and TD Ameritrade also use InterSystems software.[25][26][27][28][29]
Microsoft dispute
editOn August 14, 2008, the Boston Globe reported that InterSystems was filing a lawsuit against Microsoft Corporation, another tenant in its Cambridge, Mass., headquarters, seeking to prevent Microsoft from expanding in the building. InterSystems also filed a lawsuit against building owner Equity Office Partners, a subsidiary of the Blackstone Group, "contending that it conspired with Microsoft to lease space that InterSystems had rights to, and sought to drive up rents in the process".[30]
In 2010, CEO Terry Ragon led a coalition in Cambridge called Save Our Skyline to protest a city zoning change that would have allowed more signs on top of commercial buildings, partly in response to Microsoft's desire to put a sign on top of their shared building.[31]
Both disputes were eventually settled, and Microsoft and InterSystems agreed to both put low signs only in front of the building at street level.
References
edit- ^ "Ensemble".
- ^ "TrakCare".
- ^ "Database Management & Healthcare Information Systems | InterSystems". InterSystems Corporation. Retrieved 2018-01-08.
- ^ "InterSystems Worldwide Offices".
- ^ "Phillip T. (Terry) Ragon". intersystems.com. Retrieved 2020-01-12.
- ^ Coffey, Brendan (2014-07-18). "Little-known InterSystems grows to dominate an IT market in age of Obamacare". Washington Post. ISSN 0190-8286. Retrieved 2018-01-08.
- ^ Larry Goelz; John Paladino (1999-05-31). "Cover Letter re DSM". Compaq. Retrieved 2021-01-24.[permanent dead link]
- ^ a b "Who We Are". Archived from the original on August 8, 2014.
- ^ "Intersystems Launches Ensemble - Comprehensive Integration Platform Enables Rapid Implementation | InterSystems Corporation". InterSystems Corporation. Retrieved 2018-01-08.
- ^ "InterSystems Introduces HealthShare - High Performance, Massively Scalable Information Delivery Framework Targets RHIOs, HIE Networks Forming Worldwide | InterSystems Corporation". InterSystems Corporation. Retrieved 2018-01-08.
- ^ "Globals".
- ^ "InterSystems Takes Healthcare IT Leadership Position in France | InterSystems Corporation". InterSystems Corporation. Retrieved 2018-01-08.
- ^ "InterSystems press release".
- ^ a b "Magic Quadrant for Cloud Database Management Systems". Gartner. 2020-11-23. Retrieved 2021-01-20.
- ^ "InterSystems IRIS for Health™ was selected by Konica Minolta Japan for Rapid FHIR-Based Data Integration for Imaging Devices". www.businesswire.com. 2021-01-13. Retrieved 2021-01-20.
- ^ Pennic, Fred (2020-03-03). "InterSystems Launches HealthShare Managed Connections to Improve Data Exchange -". HIT Consultant. Retrieved 2021-01-22.
- ^ McArthur, Rachel (2020-11-26). "Saudi Arabia's IMC to adopt InterSystems TrakCare". Healthcare IT News. Retrieved 2021-01-20.
- ^ "Intersystems Ensemble". Outcome Healthcare. Retrieved 2021-01-20.
- ^ a b Jercich, Kat (2020-10-13). "Epic to use InterSystems as data foundation for latest EHR release". Healthcare IT News. Retrieved 2021-01-22.
- ^ Monegain, Bernie (2015-02-26). "What does InterSystems' Caché have to do with Epic's EHR?". Healthcare IT News. Retrieved 2021-01-22.
- ^ Adams, Katie (April 12, 2021). "31 Numbers That Show How Big Epic, Cerner, Allscripts & Meditech Are in Healthcare". Becker's Hospital Review. Retrieved June 12, 2022.
- ^ Jason, Christopher (2020-12-21). "VA Taps Interoperability Platform for COVID-19 Vaccine Deployment". EHRIntelligence. Retrieved 2021-01-22.
- ^ "InterSystems helps VA ensure early veteran access to COVID-19 vaccine". Healthcare Purchasing News. 2020-12-22. Retrieved 2021-01-22.
- ^ Coffey, Brendan (2014-07-18). "Little-known InterSystems grows to dominate an IT market in age of Obamacare". Washington Post. ISSN 0190-8286. Retrieved 2021-01-22.
- ^ Moukheiber, Zina. "Behind Epic Systems, A Low-Key Health IT Company Called InterSystems". Forbes. Retrieved 2021-01-22.
- ^ Monegain, Bernie (2011-08-03). "Partners HealthCare clinicians go to mobile EHR". MobiHealthNews. Retrieved 2021-01-22.
- ^ Monegain, Bernie (2016-06-15). "InterSystems to roll out TrakCare for NHS in Scotland". Healthcare IT News. Retrieved 2021-01-22.
- ^ "TrakCare Lab live in Wales". Digital Health. 2013-10-21. Retrieved 2021-01-22.
- ^ Ross, Casey (August 14, 2008). "For Microsoft, not all is neighborly in Cambridge". The Boston Globe. Retrieved 2008-10-25.
- ^ Irons, Meghan (October 9, 2010). "Critics put city on notice over sign rules". boston.com. Retrieved 2016-04-06.