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Morning Headlines 10/25/13

October 24, 2013 Headlines No Comments

Cerner shares drop on revenue miss, outlook

Cerner reports Q3 results: EPS of $0.35 vs $0.30, revenue increased 7.6 percent but missed expectations leading to a three percent drop in share price after hours. Cerner shares are up 43 percent year-to-date.

The Wellness Network Acquires LOGICARE Corporation

The Wellness Network, a media company that owns several in-hospital TV channels, acquires patient instruction and education vendor Logicare.

Representatives Blackburn, Green, Gingrey, DeGette, Walden and Butterfield Introduce SOFTWARE Act

A bipartisan group of legislators have introduced the Sensible Oversight for Technology which Advances Regulatory Efficiency (SOFTWARE) Act, a bill written to clarify the role the FDA will take in regulating medical software, including mobile health apps and EHRs.

Boston Children’s Hospital Researchers Launch Start-up to Offer Enterprise-grade Software Solutions and Services Across the Digital Healthcare Ecosystem

Boston Children’s Hospital announces the launch of Wired Informatics, a spinoff startup that will market an NLP product to hospitals and other healthcare organizations.

Fighting Healthcare Fraud Using Whistleblower Statute Returns $20 For Every $1 Invested

A report by the Taxpayers Against Fraud Education Fund finds that for every dollar spent investigating and prosecuting government fraud, more than 20 dollars are recovered. Health care economist Jack Meyer notes “If all costs and benefits are accounted for, the benefit to cost ratio of False Claims Act law enforcement now exceeds 20:1. Civil health care fraud is one area where federal and state governments are recovering far more than they are spending."

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Reader Comments

  • Jayne Histalk MD: Dawn - drop me an email and send me a pic of your socks! Would love to feature them....
  • Mr. HIStalk: I immediately came up with at least 20 fun things that I started to say about this item, but I held my tongue....
  • BackendBill: Is that the Navicent merger you are referring to? While you are correct that there was a system merger and the decision ...
  • Angela Witt: Dr. Jayne: I am a Type 1 diabetic, so I use special extra-depth shoes prescribed by a physician, with custom inserts me...
  • Marshall: "home inspector finds jars of human tongues stored in a house’s foundation, later determined to have been placed there...
  • Andy Spooner: Very encouraging perspective. The entire clinical informatics community depends on places like Vanderbilt to advance the...
  • John: I heard from someone in Thailand as well who said our church has changed church services on Sunday from 2 hours to 1 and...
  • Associate CIO: Re What: I do not disagree but the article about Atrium is very misleading. This has been known for years that the...
  • BackendBill: There is a Cerner Reddit thread which is seemingly a mix of fairly informed toxicity, juvenile sloth, and those that ref...
  • What: What is Cerner doing? They need to get a hold of themselves or else they are going to have a stampede on their hands. Th...

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