It is incredibly stressful once you leave the Epic center of gravity. I have spent my ex-epic career wondering if…
Morning Headlines 8/5/15
Cerner profit falls as operating costs surge
Cerner reports Q2 results: revenue increased 32 percent to $1.13 billion, adjusted EPS $0.52 vs. $0.40, missing analyst estimates for revenue and reporting a 53 percent increase in operating expenses.
Allscripts earnings rise on bookings growth
Allscripts reports Q2 results: revenue was flat at $352 million vs $351 million for Q2 2014, adjusted EPS $0.12 vs. $0.09. Bookings for the quarter increased 11 percent to $260 million, but the company still posted a net loss of $3.2 million.
MEDITECH United States SEC Form 10-Q
Meditech reports Q2 results: revenue falls 16 percent to $117 million, EPS of $0.46 vs. $0.63. Service revenue increased five percent to $80 million, while sales revenue dropped 42 percent to $37 million for the quarter.
In England, Papworth Hospital NHS Foundation Trust rescinds its Epic selection following recently reported problems with the Epic install at Cambridge University Hospitals. Papworth had entered into a joint procurement process with Cambridge in 2012 and was slated to install Epic in 2016.
So someone came to their senses to question if spending 500% more on Epic is really worth it?! I hope this starts a trend. Esp for health systems that are using tax payer dollars. If youre private and want to go piss your money away go for it.
What until taxes and interest rates go up (both are going up–that’s a fact)–a lot of these hospitals are going to go belly up and they can cite their biggest expenditure, Eic, as one of the primary reasons.
Hahah wasn’t the CEO at UMass bragging about how expensive Epic is?? Idiot.
Two visible Epic losses in a week?