McKesson reports Q4 and full-year results: revenue for the quarter ended up 25 percent, at $30.5 billion, and dusted EPS climbed to $2.55 vs. $1.48, beat analyst forecasts on both.
Massachusett’s poor performing health insurance exchange was the result of a systemic failure to communicate between three state bureaucracies that were all issuing change orders to CGI, the lead contractor responsible for the site. MIT health economist Jon Gruber, who is a member of the state health exchange’s board of directors, says "There wasn’t a single point of management," Gruber says. "It was poorly set up and it was this horrible combination where the contractor would get different orders, and would do none of them."
During The Advisory Board’s Q4 earnings call, CEO Robert Musselwhite reports that the company acquired HealthPost, a physician search and schedule tool similar to ZocDoc, for $25 million.
Medtronic’s resident technology scout Dr. Stephen Oesterle predicts that 20 years from now Google will be a dominant player in the medical device industry, competing with the likes of Boston Scientific and Covidien.