Morning Headlines 11/6/13

Health Management Associates Announces Restatement of Financial Statements

Health Management Associates will restate all of its financial statements going back to 2010 to correct for $31 million in EHR incentive payments improperly collected by 11 of its hospitals. An internal audit recently found that the hospitals attested for Meaningful Use Stage 1 when they did not actually meet the requirements.

CPSI Announces Third Quarter 2013 Results

CPSI announces Q3 results: revenue up four percent, to $47 million vs. $45 million over the same period last year. EPS $0.66 vs. $0.63.

Community CIS Market Quickly Turning into Replacement Market

KLAS reports that 25 percent of community hospitals would not buy the same HIS again. Epic fared the best in the community hospital space, followed in order by Healthland, CPSI, Meditech, and McKesson.

Rotherham trust revises EPR strategy

In England, Rotherham NHS will walk away from its $50 million Meditech 6.0 system that went live in 2012.