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Health IT

 

Private equity and venture capital raised nearly $7.2 billion globally in digital health in 2017, led by $1.1 billion in funding for artificial intelligence (AI) and data analytics, according to Mercom Capital Group.

The College of Healthcare Information Management Executives (CHIME) and the Healthcare Information and Management Systems Society (HIMSS) have chosen Randy McCleese, MSIS, MBA, former CHIME board chair and chief information officer at Methodist Hospital in Henderson, Ky., as the recipient of the 2017 John E. Gall Jr. CIO of the Year award.

Brent Shafer, new CEO and chairman of Cerner, has served as CEO of Philips North America since Feb. 2014 after previously holding the title of CEO for the company’s global home healthcare business between 2010 and 2014.

Once expected to be valued at $1.5 billion, cloud-based electronic health records vendor Practice Fusion will be acquired by larger EHR provider Allscripts for $100 million in cash.

Managing a hospital without any beds and advising customers on what kind of health insurance plans fits their needs will be tasks assigned to new jobs in healthcare, according to Frost & Sullivan partner Reenita Das.

 

Recent Headlines

Widespread blockchain adoption predicted within five years

According to survey released by the Pistoria Alliance, 83 percent of executives in life sciences and pharmaceutical companies believe there will be widespread adoption of healthcare blockchain tools within the next five years.

HFMA 2017 preview: What the ‘internet of things’ can do for healthcare finance

The “internet of things,” or IoT, is in its infancy everywhere in healthcare, according to Warren Averett security services director Paul Perry. For those on the finance side of hospitals and health systems, he says this connected technology offers great opportunity to those who realize its potential.

Teladoc to acquire virtual consultant platform Best Doctors

The largest telemedicine provider in the U.S., Teladoc, has announced a $440 million deal to acquire virtual consultation company Best Doctors in a move that could further consolidate its hold on the telehealth market.

OIG: CMS should try to recover $729M in erroneously paid EHR incentives

Out of the $6 billion CMS made in Medicare electronic health records (EHR) incentive payments by June 2014, the HHS Office of the Inspector General (OIG) estimated $729 million was paid to professionals who didn’t meet meaningful use requirements.

Cerner wins Veterans Affairs EHR contract without competitive bidding process

Confirming months of speculation, Cerner has been selected to replace the U.S. Department of Veterans Affairs’ in-house electronic health record system.

eClinicalWorks to pay $155M to settle claims it faked certification

Electronic health record (EHR) vendor eClinicalWorks will pay $155 million to settle a False Claims Act lawsuit alleging it “falsely obtained” meaningful use certification and gave customers kickbacks in exchange for publicly promoting its products.

Health IT groups oppose $22M cut to ONC in Trump’s budget

Reducing funding to the Office of the National Coordinator for Health IT (ONC) from $60 million to $38 million, as the Trump administration has proposed, may hamper advancements in interoperability and the goals of 21st Century Cures Act, according to several leading health IT groups.

Fitness trackers improving as heart rate monitors, but terrible at tracking calories

When it comes to tracking calories, wearables like Apple Watch and Fitbit often provide very inaccurate information, according to Stanford University researchers.

Health IT leaders can use WannaCry attack to their advantage

The worldwide ransomware attack using software known as “WannaCry” temporarily disrupted computers at the United Kingdom’s National Health Service, while U.S. healthcare organizations were largely spared, but CIOs and CISOs can still use this incident as a learning opportunity. 

ONC leadership fills out with principal deputy national coordinator

Genevieve Morris has been named principal deputy national coordinator at the Office of the National Coordinator for Health IT (ONC). 

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