Key Highlights- Cerner cooperates with activist hedge fund Starboard Value LP- Four New Directors to Be Immediately Appointed to the Cerner Board of Directors- Commitment to Adjusted Operating Margin Targets for Q4 2019 and Q4 2020 of 20% and 22.5%- Creation of Finance and Strategy Committee of the Board to Oversee Operational Improvement Initiatives- Increases Share Repurchase Authorization Resulting in $1.5 Billion Available for RepurchaseCerner Corporation, today announced that the Company
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Vuzix, VSee Launches Telemedicine Smart Glasses Solution
Vusix, a supplier of Smart Glasses
and Augmented Reality (AR) technology and products, today announced it is
partnering with VSee, San Jose-based telemedicine
company, to provide a smart glasses telemedicine solution for real-time video. Adding
HIPAA-compliant live video chat to the Vuzix smart glasses line means real-time
video doctor visits, surgical training, medical equipment training, and more.
VSee provides a HIPAA-compliant video telehealth and
telemedicine video conferencing solution
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The Cost of Medical Device Innovation: Can The U.S. Keep Pace?
Over the last six years, the U.S. Food and Drug Administration has approved a number of highly innovative medical devices that have revolutionized cardiovascular care. These novel devices have provided advanced treatment options, improved quality of life and extended longevity for patients. Unfortunately, reimbursement has often failed to keep up with many of increasingly expensive treatment options, according to a new report released by Vizient. The report, The cost of medical device
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U.S. Healthcare Spending Reaches $420M Per Hour, On Track to Hit $12 Trillion by 2040
The United States currently spends more than $420 million per hour on healthcare, a number that is increasing by the minute and is expected to top $12 trillion in 2040, according to HealthCostCrisis.org, a new, interactive website and crisis clock that tracks and forecasts healthcare spending in America in real time. The site, developed by West Health, a family of nonprofit and nonpartisan organizations includes tools to gauge the impact of the escalating cost of healthcare on patients and
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Deep Lens Lands $14M to Scale AI-Driven Digital Pathology Platform
Deep Lens, Inc., a Columbus, OH-based AI-driven digital pathology company focused on clinical trial recruitment at the time of diagnosis has raised $14 million in Series A funding. The Series A round was led by Northpond Ventures with participation from existing investors Rev1 Ventures, Sierra Ventures, and Tamarind-Hill Partners. The funding comes months after Deep Lens emerged from stealth in October 2018 with a $3.2M seed round, which brings their funding to date total to $17.5
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Medsphere Launches Wellsoft Urgent Care EHR, PM/RCM Solution
Medsphere Systems Corporation, a provider of affordable and interoperable healthcare information technology (IT) solutions and services, today announced the launch of their new urgent care EHR solution, Wellsoft Urgent Care. The launch of Wellsoft Urgent Care comes just two months after Medsphere acquired Wellsoft, a Somerset, NJ-based Emergency Department (ED) EHR platform.Wellsoft Urgent Care EHR/PM/RCM Platform OverviewWellsoft Urgent Care’s cloud-based platform features advanced Electronic
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Montefiore St. Luke’s Cornwall Goes Live on Mobile Physician Query Solution
Montefiore St. Luke’s Cornwall (MSLC) announced today that MSLC is live on Artifact Health's mobile physician query solution to improve workflow for its clinicians and expedite the accurate coding of patient records. Artifact was able to accommodate the hospital’s requirement to implement, integrate with Meditech’s EHR system and go live within four weeks.Optimizing the Physician Query Process for PhysiciansTraditionally, the query process is onerous and time-consuming for physicians, clinical
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March 2019 News, Merger & Acquisition, IPO, Public Company Performance Summary
A brief summary of noteworthy news, health IT M&A activity, IPOs, and public company performance during the month of March.
Noteworthy News
Amazon, JP Morgan, Berkshire Names New Joint Venture Haven
Amazon, J.P. Morgan, and Berkshire Hathaway name joint venture Haven. In January 2018, the three founding companies announced plans to create this independent organization, now called Haven, which is free from profit-making incentives and constraints. Haven’s focus is the 1.2 million
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Accenture: How New Science is Reshaping The Biopharma Landscape
Accenture has released new research that unveils strong evidence that the biopharma industry is facing compressive disruption when a series of innovations, macroeconomic factors, and other changes combine to squeeze profits over a decade or more. However, it also unveils a powerful growth engine: an emerging category that Accenture calls 'New Science' that is expected to drive 54% of the biopharma industry’s growth through 2022.
What is New Science?
New Science is an evolving, unique
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Study: Telerehabilitation Could Improve Patients With Late-Stage Cancer
Telerehabilitation services to patients with late-stage cancer can improve their physical function, pain and quality of life while allowing them to spend less time in hospitals and nursing homes, according to recent research led by Andrea Cheville, M.D., a Mayo Clinic physical medicine and rehabilitation physician. The research team also included Timothy Moynihan, M.D.; and Charles Loprinzi, M.D. -- all from Mayo Clinic -- as well as Jeph Herrin, Ph.D., Yale School of Medicine, and Kurt Kroenke,
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