44 percent of healthcare organizations use the cloud for hosting clinical applications, according to the latest HIMSS Analytics Inaugural Cloud Survey. Other typical cloud services include Health Information Exchange (HIE), hosting human resources (HR) applications and data as well as backup and disaster recovery. Hosting clinical applications was identified as the most common area for which healthcare organizations rely on cloud services.
Read More
Health IT | News, Analysis, Insights - HIT Consultant
Medtronic to Buy Covidien for $42.9B, Rebase to Ireland to Reduce Tax Burden
Medtronic To Buy Smaller Rival Covidien In $43 Bln Deal (via http://361db.com)
Medical device maker Medtronic, Inc. (MDT: Quote) agreed late Sunday to acquire smaller rival Covidien plc (COV: Quote) in a cash and stock deal valued at about $42.9 billion. The deal will help Medtronic shift base to Ireland and save it from paying…
Read More
Cumberland Consulting Group Acquires Cipe Consulting Group
Cumberland Consulting Group, a national healthcare technology implementation and project management firm, today announced that it has acquired the assets of Seattle-based Cipe Consulting Group, LLC, a growing healthcare technology consulting firm specializing in electronic health records and revenue cycle system implementation and support, including workflow and business analytics.
The transaction expands Cumberland’s service offerings to include top-quality staffing resources with
Read More
5 Tips to Protect Against Healthcare Security Data Breaches
Those in the healthcare industry are at great risk for data breaches, according to the 2014 Experian Data Breach Industry Forecast. Those working in the healthcare industry must be careful to adhere to the new privacy and data breach regulations in the HIPAA Omnibus Rule. Those who do not comply will most probably face heftier fines due to HIPAA’s new requirements. The response to this has been a surge in investment in cyber insurance policies.
Read More
IBM Partners with Epic to Bid on $11B DoD HIM Contract
IBM today announced that it will team with Epic to compete for the Department of Defense Healthcare Management Systems Modernization (DHMSM) contract worth potentially $11 billion dollars. With 9.7 million beneficiaries, including active duty, retirees and their dependents, DHMSM will replace and modernize the Military Health System (MHS) clinical systems.
IBM and Epic will propose a solution to transform the MHS leveraging Epic's high performance, interoperable and secure EHR software which is
Read More
Total of 14 Revenue Cycle M&A Deals Worth $310M Occured Over the Past Year
A total of 14 revenue cycle M&A deals worth $310 million occurred over the past twelve months ending on March 31, 2014, according to Greenberg Advisors, an M&A advisory firm that specializes in assisting owners and investors in Revenue Cycle Management (RCM) and related financial services firms. Information and other key data, was compiled from Greenberg Advisors' proprietary database of M&A transactions.
Read More
VistA and Epic: A Tale of Two Systems, Two Platforms, Two Approaches
VistA and Epic: A Tale of Two Systems, Two Platforms, Two Approaches
Over the last few weeks, access to VA health care for veterans has been all over the news. At the same time, the DoD is moving to procure a replacement EHR system. So it seems there is no time like the present to review a recent RAND case studies report entitled “Redirecting Innovation in U.S. Health Care: Options to Decrease Spending and Increase Value.”
The case studies include a chapter comparing America’s two
Read More
Lifespan’s $100M Epic Implementation Erodes Cashflow
A $100 million Epic implementation for Lifespan, Rhode Island’s largest health system has resulted in eroding cash flow and bond rating, according to Moody’s Investors analysts. The rating agency gave the health system a negative financial outlook and downgraded their rating to Baa2- only two levels away from junk status, Modern Healthcare reports.
Read More
Mobile Health Is Enhancing Clinical Decisions At the Point of Care
Dr. Stephen Beck, CMIO at Catholic Health Partners discusses how his organization is enhancing clinical decisions at the point of care through mobile health to improve the quality and effectiveness of healthcare.
Smartphones, tablets and other mobile devices are becoming ubiquitous in doctors’ offices and hospitals as a means to standardize care protocols, improve the flow of information, and ease the implementation of electronic health records (EHRs).[i] In fact, mobile devices are
Read More
Addressing ACA Data Security Challenges To Streamline Healthcare Operations
This post is sponsored by Accellion.
Nina Seth, Accellion's healthcare expert, discusses the ACA data security challenges and explores the move towards utilizing technology to streamline healthcare operations.
As have most areas, the healthcare industry is beginning to fall victim to consumerization. Its an interesting shift, because while healthcare services are built upon the fact that human beings need individual support and care, much of the industry has run for decades as if its
Read More
