Only 8 hospitals have attested for meaningful use stage 2 out of a total of 75 hospitals during the 2014 reporting year, according to the latest data released by CMS. For physicians, only 447 eligible providers have attested for MU Stage 2 out of total 1,497.
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Health IT | News, Analysis, Insights - HIT Consultant
Healthcare Information System Market Expected to Reach $53.2B Globally by 2019
The Healthcare Information System Market was valued at $35.1 billion and is expected to grow at a CAGR of 7.1% from 2013 to 2019, to reach an estimated value of $53.2 billion by 2019, according to a new market report published by Transparency Market Research.
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44% of Healthcare Organizations Use the Cloud for Hosting Clinical Applications
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.
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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…
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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
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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.
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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
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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.
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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
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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.
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