logo
University of Maryland Medical System Announces Spinout of Gallion Health, Developer of Award-Winning Supply Chain Application

University of Maryland Medical System Announces Spinout of Gallion Health, Developer of Award-Winning Supply Chain Application

Business Wire5 days ago
BALTIMORE--(BUSINESS WIRE)--Four years after its launch, Gallion Health, an award-winning cloud-based digital supply chain application developed at the University of Maryland Medical System, is now its own company.
Gallion is the first company to be spun out of UMMS' iHarbor Innovation Center, the System's technology and incubation studio which focuses on creating technology-based solutions to common problems facing health care institutions. The spinout is effective this month.
'Gallion validates the System's innovation pathway and is already paying dividends for our member organizations, our staff and our patients. Discovery is one of our values at UMMS and through applications like Gallion, we are continuing to be an innovation leader in the industry,' said Mohan Suntha, MD, MBA, President and CEO of UMMS.
UMMS has made the initial seed investment in the spinout to support Gallion Health's growth as the organization explores future external investment opportunities.
Gallion, a Software as a Service (SaaS) platform, is now available for other hospital systems. The product seamlessly integrates with electronic health record (EHR) and enterprise resource planning (ERP) systems, automating critical tasks such as consumption tracking, charges and contract compliance.
Before Gallion's implementation in 2021 automated these processes, UMMS relied on a manual labor-intensive paper-based process that had the potential for errors and inefficiencies. Data from the deployment of Gallion across UMMS' 11 hospitals shows significant operational improvements; completion time has been reduced by 75% and the defect/error rate has lowered from 18% to just 3%.
Gallion has helped UMMS save $2 million by improving invoice accuracy, streamlining operational efficiencies, and accelerating charge capture three-fold. The System saved an additional $3.5 million through the retention of competitive contracts, compared to the median contract benchmark.
'Gallion represents exactly what iHarbor stands for,' said Warren D'Souza, PhD, MBA, UMMS' Senior Vice President and Chief Innovation Officer. 'It is a transformative digital solution that saves time, saves money, accelerates the revenue cycle, and improves outcomes, and it's something that is scalable across the industry.'
Health care technology veteran Jeff Sopko has been hired as Gallion's first CEO. 'Gallion is an innovative platform, and I look forward to shepherding the company into this next chapter,' he said. 'I am grateful to Dr. Suntha and the System for trusting my team to market Gallion to hospitals nationwide.'
Sopko has worked in leadership roles for well-known medtech companies like Becton Dickinson and Medtronic. He later served as president and CEO for Standard Molecular, a Massachusetts-based genomic testing startup, and Direct Diagnostics, a Texas-based lab testing company that commercialized a saliva test capable of identifying pathogens. He joined the Gallion team in May to help prepare for the transition.
In April, the health care industry publication Modern Healthcare recognized Gallion with one of its 2025 Innovators Awards. In January, Gallion was a finalist for the Gartner Power of the Profession Supply Chain Awards.
About the University of Maryland Medical System
The University of Maryland Medical System (UMMS) is an academic private health system, focused on delivering compassionate, high-quality care and putting discovery and innovation into practice at the bedside. Partnering with the University of Maryland School of Medicine and University of Maryland, Baltimore who educate the state's future health care professionals, UMMS is an integrated network of care, delivering 25 percent of all hospital care in urban, suburban, and rural communities across the state of Maryland. UMMS puts academic medicine within reach through primary and specialty care delivered at 11 hospitals, including the flagship University of Maryland Medical Center, the System's anchor institution in downtown Baltimore, as well as through a network of University of Maryland Urgent Care centers and more than 150 other locations in 13 counties. For more information, visit www.umms.org.
About iHarbor
The iHarbor Innovation Center at the University of Maryland Medical System (UMMS) focuses on solving complex but common problems in health care. iHarbor is reimagining health care delivery, operations and administration — developing transformational products and solutions that dramatically improve health care outcomes, efficiency, quality and value. These solutions revolutionize treatment and bring superior experiences to patients, clinicians and administrators alike.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Canaccord Lifts PT on EZCORP (EZPW) to $25, Keeps a Buy Rating
Canaccord Lifts PT on EZCORP (EZPW) to $25, Keeps a Buy Rating

Yahoo

time42 minutes ago

  • Yahoo

Canaccord Lifts PT on EZCORP (EZPW) to $25, Keeps a Buy Rating

EZCORP, Inc. (NASDAQ:EZPW) is one of the best cheap stocks with huge upside potential. On July 10, Canaccord raised the firm's price target on EZCORP, Inc. (NASDAQ:EZPW) to $25 from $24, keeping a Buy rating on the shares. An employee in a pawn store, counting jewelry and consumer electronics that were pawned. Through its store checks, the firm found that business is steady in the summer. The company's core customers are still experiencing pressure, while the new, higher-income customers seek value when coming into the stores. The firm also believes that the recent range-bound performance in EZCORP, Inc.'s (NASDAQ:EZPW) share price is because of the retirement of its 2025 convertible notes being more dilutive than market expectations. EZCORP, Inc. (NASDAQ:EZPW) provides pawn services. The company's operations are divided into the following segments: US Pawn, Latin America Pawn, and Other Investments. The US Pawn segment covers EZPAWN, Value Pawn, Jewelry, and other branded pawn operations. While we acknowledge the potential of EZPW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Counsel for a ‘dark night of the soul' from one of America's top grief experts
Counsel for a ‘dark night of the soul' from one of America's top grief experts

Yahoo

time2 hours ago

  • Yahoo

Counsel for a ‘dark night of the soul' from one of America's top grief experts

I work with families who have experienced the death of an infant or a child, or a homicide or a suicide. These are really traumatic experiences. For instance, the death of a child is known across cultures as being one of life's greatest sufferings. Yet I think in general, we as a society don't know how to cope with others' suffering, and even our own suffering. We often try to circumvent it. We use whatever we can to distract ourselves from being able to tolerate our own painful, human emotions. In the wake of the flooding in Texas, here are a few tips that I've found help others work through their own sorrow, grief and emotional pain with more skill and grace: We tend to be uncomfortable with people who cry. We tend to give people a limited time period in which to be sad, even when they've experienced the loss of a beloved. They're allowed from this time to this time to be sad. And then the sadness should end. What we don't allow people to do is to feel what they feel for as long as they need to feel it in whatever way they need to feel it. In my work with families whose children have died or are dying, many have trouble not sleeping or eating. Some have extraordinary perceptual experiences — they might be hearing phantom voices or phantom kicking if the family had a baby who died. They may be experiencing these symptoms, but they are all normal responses to an abnormal event. Their emotional, biological, behavioral and social reactions are actually congruent with the unnaturalness of the tragedy. Part of the human experience is experiencing the full range of human potential — both harder emotional experiences and lighter emotional experiences. It's the resistance to a particular emotional experience that adds energy that makes it heavier. It's kind of like surfing. I used to be a surfer, so what they teach us when you first learn to surf is that if you get sucked in by a rip-tide, that you have to relax into it. If you don't relax into it, you risk your life. Because you can't struggle against it; it will take you under, and you will drown. So you relax into it, and you go with it — and it carries you; the riptide will carry you a mile down the shore and spit you out, and you will swim to a different shore. But you've made it. And it's a little like that with our own grief. Suppressing it merely elongates it and intensifies it. Because grief will then disguise itself as something else — substance use, promiscuity, food disorders, etc. Grief is part of the human experience. We are going to grieve. The more we try to self-protect, the more we put ourselves into the fear-stress cycle. Sir Henry Maudsley said 'Sorrow which doesn't find vent in tears, will soon make other organs weep.' I had a woman come to me 16 years after the death of her baby. And she had been on psychotropic medications for 13 of those 16 years. She had hidden her pain for so long — she had unnamed it, masked it, and suppressed it for so long — that it stole from her ability to feel joy. When we limit our ability to tolerate the heavy emotions - when we don't allow ourselves the full range of our expression — what we do, in a sense, is we also limit our capacity to experience the lighter emotions in life. We also restrict our ability to feel joy and unbelievable, transcendent joy and meaning in life. So our lives become very small so that we can manage this constricted emotional state. I experienced the death of a daughter in 1994 and went into my own 'dark night of the soul,' as 16th century St. John of the Cross once called it. I was unprepared; I was 29 years old and she died for unknown reasons. I lost a lot of weight — I weighed about 89 pounds, and almost died myself. But I told some well-intentioned mental health professionals offering ways to feel less, 'her life was worth every tear I shed. You're not taking that away from me.' Sometimes, we just need to cry. Sometimes, we just need to be with it. Even though it hurts. Oftentimes, people will tell me they had a crying marathon. And I'll say, 'How did it feel?' And they'll say, 'Awful, awful, amazingly healing.' It's that paradox that something can both hurt and be good for us. I conducted a research study with a Hutterite colony in South Dakota, and it's a closed society, a little like the Amish community. They don't have radio or television or contact with the outside world. And I sat down with these people who don't even have a word for depression. The closest thing they have to it is Anfechtung — it's German — the idea is a depressive state. But rather than treat it only like a disease, what the community does is they surround the person with love and affection. They take over their work duties. Their friends and neighbors come and visit them daily, they bring them meals. They sit with them, and talk with them. And it's that community response that helps the person to emerge from whatever dark night of the soul that they're going through. And then at some point, they can do it for someone else. And that, to me, is sanity. That is what we should all look like. Our society should aspire to rally around people who are suffering and say, 'How can we be with you?' While that kind of approach has worked in other cultures and at earlier times, it's easy to wonder: aren't things different today? Who has time for that now? It's easy to think that the way of life that we observed in the Hutterite colony, for example, that sense of community, is quaint and a nice idea conceptually, but we can't recreate that in the real world. But the truth is that we can recreate it in the real world. We have technology that allows us to create it in the real world, we have neighborhoods that allow us to create it, we have faith-based communities. We also have animals who can provide us with incredible solace and connection. We can create it and start relying on those little, tiny changes between people that make the difference. Unfortunately, we treat grief as if it's a pathological state. And the truth is, what we need to be doing is surrounding people with community and creating a safety net for them. When we do that, at some point, when they are able to tolerate their heavy emotions, then they can reach out to another person, and provide a safety net for that person. At some point, they take those emotional states of heaviness, and they are able to transform those, and to integrate that grief into their life... and then reach out to another person. That's the healing, that's the magic right there — when we're able to take those painful states of our own grief, and then we see the suffering of others and our hearts turn outward and our range of compassion for others just broadens and broadens and broadens — and we see the world in a totally different way. The late psychologist Rollo May once said, 'One does not become fully human, painlessly.' By allowing ourselves to experience the heavier emotions, we not only learn to tolerate them, but we learn to grow and transcend our place in the world. Yes, being with grief is a hard thing — being with our own suffering, and being with the suffering of others. And yet, if we don't learn to be with grief, then we miss the beauty that often coexists with grief, when people are ready. Renowned grief expert Elisabeth Kubler-Ross used to say the people who have experienced loss, the people who have experienced trauma, the people who have experienced suffering — those are the most beautiful people in the world. She says beautiful people don't just happen. Joanne Cacciatore is a research professor at Arizona State University and founder of the MISS Foundation, an international nonprofit that helps families whose children have died or are dying.

Study Finds Best and Worst States for Business in 2025
Study Finds Best and Worst States for Business in 2025

Yahoo

time4 hours ago

  • Yahoo

Study Finds Best and Worst States for Business in 2025

Looking to start a business in 2025? You may want to check out this study from CNBC that gives some insight into which states are the best for businesses. The study takes a look at all 50 states and ranks them from best to worst when it comes to running a business there, according to CNBC's Scott Cohn. The metrics used for the rankings include, but are not limited to, the state's economy, infrastructure, workforce, cost of doing business, business friendliness and quality of life. Coming in at No. 1 on the list for the third time in four years was North Carolina. The rest of the top 10 is Texas, Florida, Virginia, Ohio, Michigan, Georgia, Tennessee, Indiana and Minnesota. "North Carolina's biggest strengths are in the categories of economy, workforce, and business friendliness," Cohn explained. "But federal budget cuts, tariffs and the recovery from Hurricane Helene could threaten its dominance." When it comes to the worst state for business, Alaska owns that title. Preceding Alaska in the bottom 10, from No. 49 to No. 41, were Hawaii, Montana, Rhode Island, Louisiana, Mississippi, New Mexico, Maine, Nevada and Arkansas. Two of the biggest states in the country based on population, California and New York, ranked No. 22 and 23, respectively. Cohn notes that Massachusetts, which landed at No. 20 on the list, saw the biggest improvement from Finds Best and Worst States for Business in 2025 first appeared on Men's Journal on Jul 12, 2025

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store