I believe it is this: https://www.investopedia.com/terms/w/warrant.asp So an option, but one provided by the original company.
Monday Morning Update 2/28/11
From Terry: “Re: Oracle. We talked to an Oracle contact at HIMSS and their HIE vendor partner will be…Orion.” Unverified.
From BurnedOutFromHIMSS: “Re: Tom Niehaus, president of CTG Healthcare. Just heard he’s joining Encore Health Resources. That’s a big blow to CTG and a great catch by Encore. I think very highly of him and he’ll be a good fit for the culture Ivo and Dana have built.” Verified by Ivo. Tom will be executive VP of business development reporting to Dana Sellers at Encore. Ivo says he’s known him for a couple of decades, thinks he’s one of the most effective executives in the industry, and says he has the integrity and character to fit well into Encore’s culture.
From McLean: “Re: McKesson. Rumors about that they will open source their platform and focus on solutions and services. Given the lack of market expansion they have experienced, this may be a sound decision, making them the Red Hat of IT as a compelling alternative to overpriced offerings from other vendors.” Unverified.
From Marlow Gates: “Re: Certify Data Systems. CEO is Mark Willard, a Brit. Last year he supposedly bagged some huge hospital systems with a system that doesn’t make the usual suspect list of HIE solutions because it doesn’t have a portal. They seem to be flying under the radar for as long as possible. They have some sort of arrangement with Cerner, but are doing direct deals as well. The management team is long on technical skills with not a lot of long time HIS regulars.” Inside Healthcare IT e-mailed to say they’ve written a couple of articles about the company, including one in the current issue that they’ll make available to the reader who asked about the company (assuming it wasn’t a company plant looking for PR).
From All Hat No Cattle: “Re: Cignet HIPAA penalty. Not a rumor, but a shocker.” The Office of Civil Rights fines Cignet Health (MD) $4.3 million for HIPAA violations, the first-ever civil penalty levied against a covered entity. The Cignet idiots not only refused to give 41 patients copies of their medical records over a one-year period, they then ignored OCR’s subpoena while making no effort to resolve the patient complaints. Cignet operates four clinics in southern Maryland and insurance operations in the UK, Nigeria, and Ghana. The Web site is pretty seedy-looking, I’d say, and includes a prominent link to franchising information, bragging that, “With Cignet health plan and Cignet discount card, Centers are sure to have a good percentage of cash paying, insurance claim free patients.” I can see the attraction of cash customers — some online sources say that Cignet was the subject of a Maryland Insurance Commissioner’s cease-and-desist order for selling phony insurance. Owner Dan Austin’s medical license had been revoked in 2000 after conviction of mail and loan fraud — I found the above in Maryland court records. He was running a student loan scam.
From Bob: “Re: HIMSS writeups. I certainly appreciate your writing up what you think are the most important, interesting, and amusing aspects of HIMSS. Indeed, I felt (almost) like I was there and didn’t really miss anything (of importance) … well, except for the Blue Cat babes, perhaps ;-)” It’s funny about the conference … you know going in that you’ll miss 90% of it, so you try to pick and choose wisely. That means you could randomly pick 10 attendees and none of them were probably in the same educational sessions, attending the same parties, or picking up the same valuable nuggets. Maybe that’s my niche for next year – debriefing a bunch of people on what they saw that was important just to get a collective opinion. Every year I feel like an outsider who missed the good stuff and I bet I’m not the only one.
From Kyoto: “Re: Allscripts good and bad news. The integration work is not only on the mark, but far exceeded client expectations during previews. Gomez came up with a new approach that allows seamless integration, going well beyond the usual tired approach. It’s also making its numbers. On the other hand, Enterprise EHR clients continue to complain about product quality and sales leadership is leaving. Lack of SCM sales is causing fear in its ability to expand in the community space, part of its key Connected Community strategy.” Unverified.
From InteropNotSilos: “Re: HHS Secretary Sebelius. After all the hot air at HIMSS, she goes home to see the Lewis and Clark Information Exchange, the only one operational in Missouri or Kansas.”
Listening: Pepper, Hawaii-based reggae/funk, sometimes reminiscent of Red Hot Chili Peppers.
These poll results don’t mean much since Allscripts encouraged its employees to vote for Stephanie Reel, but if you throw her out, it’s a pretty close race between John Halamka and Bill Bria. New poll to your right: if you went to the HIMSS conference, how was the quality of the educational sessions?
Jobs on the job board: VP Sales Central Region, Senior Software Engineer, Project Manager – Healthcare Implementation. On Healthcare IT Jobs: Senior Software Engineer, Senior Systems Analyst – Financial Systems, Project Manager.
Welcome to new HIStalk Gold Sponsor TeleTracking of Pittsburgh, PA, celebrating its 20th anniversary this month. The company focuses on patient flow automation, offering a variety of products for bed tracking, transport tracking, patient milestone tracking through procedure areas like OR and cath lab, the NaviCare OR perioperative solution, a work order management system, and the RadarFind RTLS for asset tracking. Conclusion: TeleTracking is all about squeezing out inefficiency, adding as much as 20% more capacity and collecting a wealth of operational data for making decisions. It’s the #1 KLAS-rated patient flow system and is used by 92% of US News and World Report’s Best Hospitals. Thanks to TeleTracking for supporting HIStalk.
Here’s a TeleTracking video I found on YouTube for my fellow visual learners.
Revenue cycle vendor MedAssets turned in Q4 numbers Friday: revenue up 17% to $106.9 million, EPS -$0.87 vs $0.17, wildly missing expectations of $0.22. Its 2011 forecast also missed expectations. Shares were punished, dropping 34% of their value by Friday’s market close.
In thinking about the lack of wellness emphasis at HIMSS, I thought a model I’ve used myself that works: RealAge. I took its test once, got hooked on the idea of getting a “you’re this old based on life expectancy” number, and started following some of its suggestions for changes to diet, exercise, and stress. I get an occasional e-mail recommending some course of action or product. Best of all, there’s a great business model since it sells advertising (it’s owned by Hearst). I know it’s ad-based, but I still find the information useful. Any wellness technology will need to be this user friendly to succeed, and may also need to blend social networking into its capabilities (which RealAge doesn’t really do as far as I know).
UNC Health Care (NC) chooses IBM for its private HIE. It’s funny how the definition of HIE has changed – now it takes one for UNC’s own doctors to share information with each other. Next thing you know it will take an HIE to send physician orders to departments. I guess choosing a single system was out of the question.
MED3OOO had an iPad drawing Wednesday of HIMSS for HIStalk readers only. Congratulations to the winner, Susan Murray, director of application services for HCA. Nice! I have to say I’m liking mine quite a bit, too, although I’m just getting started with it. I have the iPad for a nice-sized screen and keyboard and then my iPod Touch that allows accessing everything from a tiny footprint, so I almost don’t need a desktop any more.
Inga found this HIMSS presentation disturbing. Wonder what was going through the minds of the Lawson suits when they green-lighted it?
Our shoe judge Lindsay has a day job with RelayHealth when she’s not evaluating footwear, but she obviously keeps her HIStalktapalooza responsibilities on her mind even there, showing the burdens of office inherent in wearing the Official Shoe Diva sash.
Tiny Schoolcraft Memorial Hospital (MI) will lay off 13 FTEs, a sizeable chunk of the 25-bed hospital’s 250-employee workforce. The reason: Medicaid reimbursement isn’t going up and they have to pay for an EMR upgrade. Says the CEO, “With this somewhat gloomy forecast, the hospital must continue to implement, at significant capital cost, an improvement to our Electronic Medical Record system, meeting additional criteria set by federal law … We qualify for EMR funding both for the hospital EMR and our Rural Clinic once we meet all of the (HHS) ‘meaningful use’ standards. We expect to meet the requirements with a 90-day qualifying period in both the hospital and the clinic by the end of the year. We hope to get most of our costs covered by the funding. Unfortunately, you must spend the money and meet the requirements before you get reimbursed. If the standard in not met by 2015, Medicare will reduce your payments.”
System integrators try to appease open source advocates who blame those companies for ignoring the British government’s call for more open source applications. The companies say it’s not their fault that the government signs enterprise software license agreements and lets vendor alliances dictate software stacks that exclude open source components. Examples given all pertain to healthcare: the Department of Health’s enterprise agreement with Microsoft and NPfIT’s Cerner contract that required the Oracle database, IBM hardware, and IBM’s WebSphere application server. One company’s rep threw out the FUD that open source software shouldn’t be used for anything mission critical, but the government said that talk needed to stop considering that the London Stock Exchange runs on open source software.
Thanks to Healthwise, a new HIStalk Platinum Sponsor. The Boise, ID company offers consumer-friendly patient education content for care managers and health coaches; an EMR-integrated patient education solution that helps meet Meaningful Use requirements; and health information content that integrates with personal health records, call center applications, portals, Web sites, and wellness applications. The content library is extensive: a health encyclopedia, decision aids, virtual coaching, medical illustrations, calculators, and slideshows. Mobile access content and tools are coming soon. Founder, chairman, and CEO Don Kemper and SVP Molly Mettler created the concept of “information therapy” in their 2002 book. The company offers a white paper called Getting Patients to Meaningful Use: Using the HL7 Infobutton Standard for Information Prescriptions. I have to say I’m impressed that the 36-year-old company’s mission is simple (empower people to care for themselves, give them a way to ask for help when they need it, and let them decline care they don’t need), that its executives are recognized public health experts, and that it’s a non-profit (!!) I forgot to look them up at HIMSS, so I might have to add Don Kemper to my interview list to learn more. Thanks to Healthwise for supporting HIStalk.
The folks at HealthHarbor e-mailed to say that HIStalk is their favorite industry blog and they recommended that their readers follow our daily HIMSS reports, so here’s a link back to their HIMSS writeup from a price transparency standpoing, just for being nice.
GE Healthcare and Capsule sign a deal to link GEHC’s Carescape patient monitors to Capsule’s Enterprise Device Connectivity Solution and Mobile Vitals plus.
This week’s company-wide e-mail from Kaiser’s George Halvorson focuses on HIMSS, mentioning that 35 of the 55 Stage 7 hospitals are Kaiser’s. He also mentioned a global HIT strategy document the company presented at the Davos World Economic Forum in Switzerland last month. The link provided was invalid, but I Googled and found what I assume is that PDF document here.
Ohio State University Medical Center’s CITIH (Center for IT Innovations in Healthcare) will convene its one-day HIT summit, Bridging Health IT Innovation, on April 18.
GE Healthcare announces iPad/iPhone access for Centricity Advance and Centricity Practice Solution.
A 27-year-old doctor in China using the alias Snooky is fired for comments she made about patients on a microblogging site, including, “The blood pressure of one patient has been dropping, and it seems that I might have to get up at midnight to dispose of the corpse. It’s not easy for me to keep my bed warm in such cold weather, so please don’t die until I get off work.”
Mass General will pay HHS $1 million to settle a HIPAA case in which a billing manager taking paper HIV/AIDS records home accidentally left them on the subway.
KLAS says 35% of ambulatory EMR users are replacing their systems. Most often considered to buy are Allscripts, Epic, and NextGen.
Imprivata announces vmWare View authentication and single sign-on agreements with Teradici and Dell. It also announces OneSign Anywhere for mobile devices as well as integration of its OneSign single sign-on and authentication platform with EpicCare.
Oracle announces Health Sciences Information Manager, an HIE solution that includes record location, information security, auditing, and NHIN Connect integration.
2011 HISsies Winners
Smartest vendor strategic move
Allscripts buys Eclipsys
Stupidest vendor strategic move
McKesson’s Horizon Enterprise Revenue Management struggles
Best healthcare IT vendor
Epic
Worst healthcare IT vendor
GE Healthcare
Most fun healthcare IT vendor
athenahealth
Best leader of a vendor or consulting firm
Judy Faulkner, Epic
Best provider user of healthcare IT
Kaiser Permanente
Most promising technology development
Tablet (including iPad)
Most overrated technology
Cloud computing
Biggest HIT-related news story of the year
Meaningful Use
Most overused buzzword
Meaningful Use
”When ____ talks, people listen”
David Blumenthal, ONC
Most effective CIO in a healthcare provider organization
Ed Marx, Texas Health Resources
Most effective medical/clinical informatics professional
Martin Harris, Cleveland Clinic
HIS industry figure with whom you’d most like to have a few beers
Judy Faulkner, Epic
HIS industry figure in whose face you’d most like to throw a pie
Neal Patterson, Cerner
HIStalk Healthcare IT Lifetime Achievement Award
John Glaser, Siemens
HIStalk Healthcare IT Industry Figure of the Year
David Blumenthal, ONC
I’m disappointed in HISTalk readers
I thought Allscripts buys Eclipsys should have won BOTH Smartest vendor strategic move AND Stupidest vendor strategic move
Mr Bush was absolutely hilarious though…
Meanwhile, how did Mr H miss the 3 identical sets of (tall, young, good–looking, female) twins at the Symantech booth
Re: Oracle & Orion
If true, this is a match made in heaven. I am a big fan of Oracle (nothing comes even close to their db product) and although it’s been a while, the Orion folks are the nicest people you’d want to deal with and their Rhapsody product is just plain beautiful. Hope they make great music together….
Oracle and Orion…eGate and Jcaps going by the wayside…Oracle will white label Orion’s Rhapsody for healthcare.
“…take that you dirty rats…”
Re: KLAS report on ambulatory EMR replacements with Allscripts, Epic, and NextGen —
People!!! Please look at the newer, user-friendly, intuitive, easily customized, and flexible applications out there! There are alternatives!
And vendors of newer systems — somehow you must pick up your game – or the above-named will sadly prevail (IMHO).
Well, I guess if you sunset Misys EMR, I would hope Allscripts woudl be under consideration for an EMR replacement. I’m admire Allscript’s success in marketing. If they could ever deliver that kind of success with their day to day operations, there is no telling where that company could go.
re: Kaiser report at Davos
Didn’t see any numbers in there about their ROI. Was hoping there would be a lot more objective data in there, considering it’s an economics forum. Considering the enormous amount of money Kaiser has spent on their system, I’m curious to know if the money has been well spent. In particular, it would be interesting to know if they could have spent the money better by hiring more providers, expanding access, offering lower premiums to members, etc. No health system in the country has the money and other resources to do what Kaiser has done. Those who hold up Kaiser as the model of EHR sophistication must also provide some hard facts regarding its success. I have a feeling if this had been a government project instead of a private one, it would be considered a boondoggle. Would love to see the numbers to prove/disprove that idea.
FINALLY you commented on the contortionists at the Lawson booth…
What was the point of them? That Lawson software is flexible? As my kids would say, it was AWKWARD, and somewhat creepy!!
I take except to throughing Stephanie Reel out of the mix. I know many non-Allscripts folks that had voted for her. Your assumption that it was a stuffed ballot shows your bias to Halamka
and his marketing machine.
[Mr. HIStalk] Are you seriously suggesting that because I know Allscripts brought out the Stephanie Reel vote and thereby threw off any correlation to consensus that the logical conclusion is that I have bias toward John Halamka (and whatever marketing machine you’re claiming he has)? I voted for Stephanie myself and Allscripts messed it up for all of us who did.
Re: TeleTracking
TeleTracking is not the #1 KLAS rated patient flow solution. McKesson Horizon Enterprise Visibility (formerly known as Awarix) is.
Love the reference of Pepper. They’re from Hawaii, and remind me of Sublime a lot. Definitely a fun group, and you’ll be the hippest person in your office when you play this at your next get-together. Mr. Histalk, I have been thoroughly impressed with your musical taste!