McKesson reports a fourth quarter profit of $259 million, down from $521 million a year earlier. Revenue was down 3.4 percent, missing analysts’ expectations. The technology solutions sector saw revenue increase 6.2 percent over the year, with a gross annual revenue of $913 million. Stock ended flat on the day and was up 1.5 percent in after hours trading.
John Halamka, MD, CIO of BIDMC, reports his initial impression of plans for Meditech 6.1 which he says will be a cloud-hosted system based on standards, Web-centric and mobile-enabled, with both inpatient and outpatient capabilities, complete with analytics, a PHR, and care management tools.
A study published in JAMIA finds that transitioning to ICD-10 will be difficult and disproportionately costly to specialists. The study found that only 60 percent of ICD-9 codes have a direct ICD-10 equivalent, while the other 40 percent will require clarification.
UC San Francisco will create a Center for Digital Health Innovation to lead the institution away from "disease-based treatment approaches" and toward "individualized precision medicine." The new Center will be run by UCSF Medical Center CMIO Michael Blum, MD.
A Raleigh, NC clinic alerts patients that X-rays were stolen and patient information may have been compromised when a sham scanning and archiving company stole the x-rays for their silver content and then disappeared.