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Morning Headlines 5/3/13

May 2, 2013 Headlines No Comments

Financial woes at Maine Medical Center

Maine Medical Center suffers a $13.4 million operating loss in the first half of the fiscal year, a situation CEO Richard Petersen calls a first in recent history. Petersen pointed to declining inpatient and outpatient volumes and an Epic install which is causing issues with billing. The remaining rollout of Epic is on hold until the situation is resolved. The system has also initiated a hiring freeze, cancelled unnecessary travel, and reduced overtime in an overall effort to save $15 million during the second half of the fiscal year.

March 2013 EHR Incentive Program Update

Almost half of all eligible providers have now received EHR incentive payments according to the most recent CMS update.

Post–Acute Care Riddled With Challenges and High Expectations

KLAS evaluates health IT vendors working in the post-acute care market following an ACO-driven surge in interest. HealthMEDX was the top rated vendor.

Hospital Execs Forecast Higher IT Spending

A survey of hospital executives finds that 43 percent say their largest anticipated investment for the coming year will be in health IT.

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