Comments on: Monday Morning Update 10/1/07

By: Bob LaBla

Bob LaBla — Tue, 02 Oct 2007 12:40:09 +0000

To Bobby Orr and Mike Bossy: You have lots os questions about Siemens and their current product lines. I will add my two cents:
- MS4 continues to survive because of its performance/price ratio. Siemens (then SMS) acquired MS4 in the 90’s to help compete against Meditech, which it can still do today in 2007 in new business situations (e.g. Texas Scottish Rite)
- Siemens, in my opinion, had to invest in MS4 clinicals because not all of Siemens hospital clients, especially MS4, can afford the Soarian migration and were willing to wait until Siemens was finished tinkering with it over the last 5-6 years
- NextGen, I feel, not only provides a physician EMR, but also a nice up-to-date practice management billing solution for Siemens compared to their very tired and long-in-the-tooth SIGNATURE product.
- Does Siemens seem unfocused? I feel it is more protective than non-focused. Protective of their existing client and revenue base which has been declining for many years. You got to give your clients some form of enhancements while they wait for a replacement product, otherwise, they will move on.

By: DrQuiz

DrQuiz — Mon, 01 Oct 2007 21:35:24 +0000

Want to know a large hospital system that is self-developing their own EHR…? Look no further than Henry Ford Medical System in Detroit… They are self developing their EHR with an outsourced IT department… and development in India…. And they are only planning to spend about $90+ million on it…

By: Electronic Medical Records Guy

Electronic Medical Records Guy — Mon, 01 Oct 2007 13:50:49 +0000

I, too, think Athenahealth is one to watch, but their stock doesn’t “deserve” its recent run up, and I feel sorry for those who joined the party late. When the stock comes down to a more realistic valuation, let’s hope the investment community doesn’t panic and throw the baby out with the bath water. A more realistic valuation for ATHN won’t mean there’s anything wrong with the company’s underlying fundamentals.

Wall Street sure is hungry for anything health IT-related right now. There are so few public investment choices in this space, so I suppose it’s no surprise everyone rushed to buy shares of Athena. In a few more years, once more small players go public, I imagine everything will change and valuations will come down to more realistic levels.

EMR Software Guy,
http://www.electronic-medical-record.blogspot.com

By: Brad Majors

Brad Majors — Mon, 01 Oct 2007 02:17:50 +0000

RE: tamperproof and EMRs. Agreed that it SHOULD push people to e-prescribing, but creating the regulations without any additional resources (our vendor certainly has no e-prescribing capability; plus many of our patients have no idea what pharmacy they go to) and then making life comparably easy for those still handwriting felt like punishment!

By: NurseWretched

NurseWretched — Sun, 30 Sep 2007 17:35:30 +0000

EMR Nurse Re: ENA. I noticed that there were a couple of presentations by folks from Intermountain on EDIS documentation. Any insight as to what is going on with the IHC/GE partnetship?