If we don’t learn from history, are we doomed to repeat it? In 2009, as the H1N1 swine flu swept the globe, U.S. hospitals began to run out of test kits. Some had to set up tents to handle the rush of patients. Supplies of personal protective equipment including N95 respirator masks ran out in many places despite millions distributed from the national stockpile. Today’s coronavirus crisis is exponentially worse yet eerily familiar. Hospitals in New York, the pandemic’s epicenter, are
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MedAssets
Global Medical Billing Outsourcing Market to Reach $19.7B by 2026
The global medical billing outsourcing market size is projected to reach USD 19.7 billion by 2026 expanding at a compound annual growth rate (CAGR) of 11.8%, according to a Grand View research report. The report reveals that revenue cycle management (RCM) is one of the most complex components of healthcare IT business driven by challenges in rising healthcare costs, market consolidation, an explosion in clinical documentation, and value-based care initiatives.Key Market Drivers for Global
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Cerner Enters Cooperation Agreement with Activist Hedge Fund
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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MedAssets-Precyse Acquires Healthcare Analytics Vendor Equation
MedAssets-Precyse has acquired Utah based healthcare analytics and consulting company Equation for an undisclosed sum. The acquisition will help MedAssets-Precyse enhanced its end-to-end healthcare financial and clinical business intelligence and analytics solution for the healthcare enterprise. Equation healthcare organizations with the analytic tools and consulting expertise to gain insights to improve healthcare delivery and patient satisfaction while strengthening financial and budgetary
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Pamplona Capital to Acquire MedAssets for $2.7B
Private equity firm Pamplona Capital Management announced that they have entered an agreement to acquire Alpharetta, GA-based MedAssets for $2.7 billion in cash. The MedAssets-Pamplona transaction is expected to close in the first quarter of 2016, pending receipt of customary approvals, including certain regulatory approvals and expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. The transaction also is subject to customary closing conditions, including the
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