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May 4, 2014 Headlines No Comments

Blue Cross Blue Shield of ND reports $72.9 million loss

Blue Cross Blue Shield of North Dakota releases its 2013 year-end report. Within the report, BCBS-ND discloses that its bottom line dropped $72 million, compared to 2012. Its subsidiary Noridian Healthcare Solutions took a $51 million loss after being fired as the lead contractor on Maryland’s health insurance exchange. BCBS-ND took an additional $25 million loss when the newly implemented EHRs being rolled out by local providers caused billing delays and a claims backlog that BCBS significantly underestimated the value of, and did not budget for.

CPSI Announces First Quarter 2014 Results

CPSI announces Q1 results: revenue up five percent to $52.1 million, driving net income up 11 percent to $7.7 million. EPS $0.69 vs $0.63 last year, missing analysts forecasts by a wide margin. Stock prices ended down 4.6 percent at the end of the trading day Friday.

How scribes made Allina an extra $205,000

After Cardiologists with Allina Health started using scribes to handle EHR related data entry, the health system noticed a significant jump in patient volumes. Cardiologists using scribes were generating $205,740 in additional revenue per 65 clinic hours. Scribes also helped reduce doctor burnout.

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Reader Comments

  • Money Doc: Come on, Dr. Nguyen. You are talking about "lost revenue" but you don't worry about gaps in patient care? Are you reimbu...
  • Anonymouse: You are ultimately responsible for not properly vetting your provider and signing the contract that probably states the ...
  • Conrad Black: That will happen at the same time my doctor starts reimbursing me for a two hour wait in his office or a mistaken/late d...
  • Conrad Black: The same people that pay for any other services/products the organization provides...
  • Anonymous: The SamSam ransomware has been around for 2 years... shame on Allscripts for not patching their main servers to allow at...
  • Anonymous Reply: Kathy: Anti-Ransomware protection?? lol, Its a joke because the programmers that are making the protection, always hav...
  • John Jones: Who pays to notify all these patients of a potential breach of their protected health information? Someone do that math ...
  • Don't think twice it's alright...: It isn't surprising that the State of Illinois procurement office rejected Cerner's shortsighted protest of Epic winning...
  • Thomas Nguyen: I am one of the many doctors affected by this. If allscripts had any ethics, they would reimburse the doctors affected f...
  • Kathie: As of August 4, 2017, hackers accounted for 75 healthcare breaches and in November 2017 Ransomware knocked out North Car...

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