Morning Headlines 10/25/13

Cerner shares drop on revenue miss, outlook

Cerner reports Q3 results: EPS of $0.35 vs $0.30, revenue increased 7.6 percent but missed expectations leading to a three percent drop in share price after hours. Cerner shares are up 43 percent year-to-date.

The Wellness Network Acquires LOGICARE Corporation

The Wellness Network, a media company that owns several in-hospital TV channels, acquires patient instruction and education vendor Logicare.

Representatives Blackburn, Green, Gingrey, DeGette, Walden and Butterfield Introduce SOFTWARE Act

A bipartisan group of legislators have introduced the Sensible Oversight for Technology which Advances Regulatory Efficiency (SOFTWARE) Act, a bill written to clarify the role the FDA will take in regulating medical software, including mobile health apps and EHRs.

Boston Children’s Hospital Researchers Launch Start-up to Offer Enterprise-grade Software Solutions and Services Across the Digital Healthcare Ecosystem

Boston Children’s Hospital announces the launch of Wired Informatics, a spinoff startup that will market an NLP product to hospitals and other healthcare organizations.

Fighting Healthcare Fraud Using Whistleblower Statute Returns $20 For Every $1 Invested

A report by the Taxpayers Against Fraud Education Fund finds that for every dollar spent investigating and prosecuting government fraud, more than 20 dollars are recovered. Health care economist Jack Meyer notes “If all costs and benefits are accounted for, the benefit to cost ratio of False Claims Act law enforcement now exceeds 20:1. Civil health care fraud is one area where federal and state governments are recovering far more than they are spending."