Wednesday, April 28, 2010

Kudos to my home state of Tennessee on the newly announced Nashville Medical Trade Center

The Nashville Medical Trade Center has signed its first major tenant: the Healthcare Information and Management Systems Society (HIMSS). The partnership with HIMSS was announced at a news conference today in Nashville attended by Gov. Phil Bredesen, Nashville Mayor Karl Dean, state Economic and Community Development Commissioner Matt Kisber, HIMSS President and CEO Stephen Lieber and Bill Winsor, president and CEO of Market Center Management Co., the developer of the medical mart.

Project officials said today that HIMSS an “anchor tenant,” is one that is essential to the initial success of the project and will attract other tenants. The medical mart must lease 60 to 70 percent of its 1.5 million square feet in permanent showroom space to secure financing for its plans to remodel and expand the existing Nashville Convention Center downtown.

Market Center Management Co., the developer for the Nashville Medical Trade Center, hopes to transform the Nashville Convention Center into a global headquarters for health care events and the exchange of medical equipment and other related products. The highly anticipated project would employ 2,760 people, generate $390 million in economic activity a year and produce $21 million a year in state and local taxes by 2019, according to a study conducted by the University of Tennessee.

The proposed $250 million medical mart will lease 25,000 square feet permanently to HIMSS to use for a an “interoperability showcase.” The last US showcase, which was part of HIMSS’ annual conference in March in Atlanta, included 84 vendors and 71 educational sessions and attracted about 5,000 people over the course of three days. At 25,000 square feet, HIMSS would occupy 1.7 percent of the medical mart.

“A permanent, year-round destination for (health information technology) activity and innovation would only be possible inside this groundbreaking marketplace,” Lieber said. “By joining the trade center we are able to reach more participants, demonstrate meaningful use more completely, and offer more flexibility than ever before.”

I am proud to have been the first co-chair helping launch of the first US HIMSS Interoperability Showcase in 2004 and then launching the first HIMSS World of Health IT and HIMSS AsiaPac Showcases in 2006 and 2007 while working for HIMSS. I am so very proud of my home state, Tennessee, for providing a new  home for the showcase.   The showcases have always been used to “demonstrate standards-based health IT applications in a venue that stimulates health information exchange in health care settings.” HIMSS is a nonprofit organization that promotes “a better understanding of health care information and management systems. I would never have believed that I would serendipitously host Governor Phil Bredesen at the 2007 HIMSS Interoperability Showcase, host former Senator Bill Frist at the 2008 Showcase and now live and work in Tennessee who will be hosting the Interoperability Showcase permanently in the future.

I feel very blessed to have worked with HIMSS to bring vendors and users together to demonstrate meaningful use and improved quality that interoperable health care applications and devices can bring; I look forward to seeing Nashville, TN move forward in it's plans to be an epicenter for the medical industry with the new medical mart. This is a new concept that does not exist any other place in the world, but the Market Center hopes to transform the Nashville Convention Center into a global headquarters for health care events and the exchange of medical equipment and other related products.
Make sure to check out the video gallery to get further information and see the live press conference from earlier today.  Go Tennessee!.