A lawsuit unsealed this week alleges that Vanderbilt University Medical Center has been engaging in Medicare fraud for more than a decade. The suit alleges that Vanderbilt developed a surgical billing and documentation tool that "schedule attending physicians to be in multiple places at once, while continuing to bill their services as if they were actually present and personally performing the services at each place.” The software, which also facilitated surgeon documentation, pre-populated fields in order to qualify for higher charges and required its physicians, in all instances, to document that they met Medicare’s conditions for payment.
Findings from a study presented at the European Respiratory Society Annual Congress claim that clinical decision support tools implemented in an emergency department EHR helped to reduce deaths from pneumonia by up to 25 percent.
Covisint plans to raise $64 million in its IPO by offering 6.4 million shares at a price range of $9 to $11. At the midpoint of the proposed range, Covisint would command a fully diluted market value of $395 million.
Three partners from Morgenthaler raise $175 million for a new investment fund, Canvas Ventures Fund, which will focus on early stage health IT startups.