Home » News » Currently Reading:

News 6/26/13

June 25, 2013 News 8 Comments

Top News

6-25-2013 6-58-04 PM

McKesson Chairman and CEO John Hammergren is due a $159 million lump sum pension payout when he retires, the company discloses in its annual proxy filing. Experts believe it’s the largest pension in corporate history, also noting that the amount doubled in the past six years. I mentioned the hoops the company’s board went through to boost his pay without being obvious to shareholders back in January 2009, when he would have received only $85 million. Above is the six-year share price (blue) vs. the standard market indices. You can decide whether he’s worth it and if healthcare can afford it.


HIStalk Announcements and Requests

6-25-2013 7-04-47 PM

Welcome to new HIStalk Gold Sponsor Seamless Medical Systems, which offers the SNAP Practice cloud-based patient engagement platform. It includes an iPad-based patient registration app and health education and literacy tools. SNAP Express includes primary care forms, digital signature capture, and forms tools, while the enterprise version also includes a bidirectional interface to the PM/EMR along with marketing tools. The iPad-based system engages patients in the waiting room as they complete forms electronically, read health and wellness information, and take notes about their visit and e-mail them afterward. Download it to your iPad for a free trial. Thanks to Seamless Medical Systems for supporting HIStalk.

I found this SNAP Practice overview on YouTube.


Acquisitions, Funding, Business, and Stock

6-25-2013 8-43-31 PM

Next Wave Health makes a minority investment in HealthPost, which offers a provider search and booking platform.

Tenet Healthcare will acquire Vanguard Health System for $4.3 billion, which includes the assumption of Vanguard’s $2.5 billion in debt. The transaction will make the combined company the second-largest for-profit US hospital chain with $15 billion in revenue, 79 hospitals, and 157 outpatient centers. Obviously they aren’t worried that healthcare costs are going down any time soon.


Sales

Baptist Memorial Health Care will integrate Micromedex clinical referential and patient education resources into Epic.

Kerckhoff Klinik in Germany choses iMDsoft’s MetaVision for its 267-bed facility.

The North Dakota HIN selects Orion Health HIE for its statewide exchange.

6-25-2013 8-51-07 PM

Washington Regional Medical Center (AR) selects patient portal and HIE solutions from InteliChart.

ProMedica (OH) will add dbMotion’s interoperability platform.

Bon Secours Health System (MD) will implement HIE technology from Aetna’s Healthagen subsidiary.

Athens Bone and Joint Orthopedic Clinic (GA) selects simplifyMD.

Novant Health chooses CSI Healthcare IT to fill training positions for its October Epic go-live.


People

6-25-2013 5-56-46 PM

Care Team Connect names Richard Popiel, MD (Cambia) to its board.

6-25-2013 1-52-39 PM

Shaun Shakib (Caradigm) joins Clinical Architecture as chief informatics architect.

6-25-2013 6-41-27 PM

Brett Davis (Oracle) is named general manager of Deloitte Health Informatics, a newly launched informatics business.  

The Premier healthcare alliance names Leigh Anderson (Global Healthcare Exchange) COO of informatics and technology services.


Announcements and Implementations

The Yale Center for Clinical Investigation deploys an interface between Yale’s Epic EMR and the OnCore Clinical Research solution.

6-25-2013 7-13-37 AM

Fulton County Hospital (MO) goes live on Healthland’s financials and clinicals.

Deloitte and Intermountain Healthcare launch OutcomesMiner, an analytics tool that leverages EMR data for comparative research.

RFID Journal profiles Texas Health Harris Methodist Hospital Alliance and its use of RTLS, including software from Intelligent InSites. They interviewed Winjie Tang Miao, the hospital’s president.  I did too, in December 2012.

SCI Solutions releases v36 of its Schedule Maximizer patient and resource scheduling system.


Government and Politics

The VA reports that it has processed 97 percent of its two-year-old veterans’ disability benefits claims and is now working on one-year-old claims.


Other

6-25-2013 9-00-06 PM

Hawaii Health System revises its estimate for converting its 14 public hospitals to Siemens, which now stands at $100 million compare to $58 million five years ago and $75 million at the end of last year. The health system say consultants underestimated the time required to maintain the system and the infrastructure in its facilities is in bad shape.

The Massachusetts eHealth Institute will award grants of up to $75,000 each to 32 collaborative projects to help 80 healthcare organizations connect to the Massachusetts statewide HIE.

Massachusetts economic development officials tentatively agree to extend $9.5 million in state tax credits to athenahealth in exchange for athena’s pledge to add 1,900 workers by 2022. Athenahealth also announces it will bring 500 new jobs to Atlanta and invest $10.8 million in a new office complex.

Weird News Andy isn’t sure what the business model of Figure 1 (the narrator of the video above pronounces it “figger one”) since it offers free photo sharing for clinicians, but WNA hopes they have plenty of photo screeners. The company says it has figured (figgered?) out a way to limit use to licensed physicians. A terse comment about the video says it all: “Looks like a quick way to get fired. Or sued.”

WNA also likes this story, which he titles “Busted!” A Chinese woman lying on her stomach playing a smartphone game for several hours experiences chest pain, which the hospital diagnoses as a ruptured breast implant.


Sponsor Updates

  • First Databank launches a five-part blog series on prescription drug abuse.
  • Merge announces the eClinical OS Marketplace, which allows users to electronically request and receive services from within clinical study workflows.
  • CCHIT certifies that Health Care Software’s INTERACTANT v6.9 software is compliant with the ONC 2011 Edition criteria as an EHR module.
  • Levi, Ray & Shoup earns HP’s Silver Partner in Excellence Award.
  • Allscripts outlines its population health management strategy during a gathering of industry and financial analysts at the Center for Connected Medicine.
  • Novant Health chooses CSI Healthcare IT to fill training positions for its October go-live with Epic.
  • Beacon Partners publishes an article that highlights four healthcare system executives and their perspectives on integrating strategic initiatives.
  • Elsevier launches EduCode Doc Briefs, an ICD-10 education series for physicians and other practitioners.
  • Kareo reports that one-third of the 4,000 providers signed up for its EHR have moved from another EHR system.
  • Clinovations staff volunteered at the Spring Kick event with DC United, which brought soccer to 400 underprivileged youth from 12 DC neighborhoods.
  • CareTech Solutions will offer its help desk clients Courion’s PasswordCourier password management and AccountCourier user provisioning solutions.
  • Verisk Health will give away three $30 Starbucks gift cards to random participants of its online survey on the shared-risk care delivery model.
  • EClinicalWorks has signed up 1,000 providers for its RCM during the first six months of 2013 and is projected to reach $100 million in revenues by 2015.
  • SQL Server Pro highlights the new version of Predixion Software’s collaborative predictive analytics platform.
  • Conway Medical Center (SC) shares how its implementation of Rev-Cycle+ from T-System helped the organization increase collections 41 percent over five and a half years.

Contacts

Mr. H, Inga, Dr. Jayne, Dr. Gregg, Lt. Dan, Dr. Travis.

More news: HIStalk Practice, HIStalk Connect.

 

125x125_2nd_Circle

View/Print Text Only View/Print Text Only


HIStalk Featured Sponsors

     

Currently there are "8 comments" on this Article:

  1. My, my, my
    This news hits me, so hard
    Make me wanna say to my Board
    Thank you, for blessing me
    With a big fat pension now that all can see
    And you know, that it’s too much
    But this is the green, uh
    You cain’t touch!

    Cain’t touch this!

  2. John-Bulls make money, Bears make money, Pigs get slaughtered…Gordon Gekko. McKesson needs to wake up, no argument that Hammergren has had a good run and so has McKesson shareholders, but the outlandish pay in the current environment is just plain disgusting. No human being is worth what they pay Hammergren and unfortunately JH is laughing all the way to the bank!

  3. And why wouldnt Hammergren not deserve every single penny of that $159 mil?

    …I mean, just look at the company, its performance, and listen to their customers…I mean…

  4. Move to another country if you have a problem with Hammergren earning $159 mil. Did he do anything illegal to obtain this payout?

    Don’t hate the player, hate the game.

  5. RE: TheMDofTruth – There is an interesting difference between the legal and moral line. The big banks took a legal bailout and many bankers took huge bonuses soon after. While this was clearly legal and subsidized by all of us taxpayers, it is seen by some as less than ethical.

  6. I always thought being a fired Notre Dame football coach before his contract was up was the best retirement plan. It appears that being the CEO of McKesson is so much better.

  7. How much is Judy’s payout at Epic? Forbes estimates her worth at more than a billion. If Epic just turned 30, then she has been making $33 Mil a year for 30 years. Not a bad paycheck there either if you ask me. At least McKesson is paying out some of their shareholders as well.

  8. David- I agree with you, but we also need to place some of the blame on the folks who knowingly and willingly took out loans that they could not afford. Sure, maybe some folks were tricked by the lenders, but others just couldn’t hold back from buying the shiny new toy.







Subscribe to Updates

Search


Loading

Text Ads


Report News and Rumors

No title

Anonymous online form
E-mail
Rumor line: 801.HIT.NEWS

Tweets

Archives

Founding Sponsors


 

Platinum Sponsors


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gold Sponsors


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reader Comments

  • Beware: Universal Health Care sounds awesome but look under the covers before hopping on that band wagon. Countries that have s...
  • Last Vendor Standing: Anybody ever stop to consider the only "serious" bid that the DOD got was from Cerner? Rumor has it that one sizable ven...
  • Vaporware?: Bob: I don't think the DoD missed anything. They were taken for a ride, like so many others. They also signed up for an ...
  • Nikolas Van Helsing, MD: Re: Gov't and politics. Wrong on the auto insurance example. We don't force everyone to buy auto insurance, just those...
  • PM_from_haities: I think people confuse what Epic requires and what skilled management consultants implementing Epic require. Large orga...

Sponsor Quick Links