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Morning Headlines 12/10/13

December 9, 2013 Headlines No Comments

Practice Fusion Grabs Another $15M for Electronic Health

Free cloud-based ambulatory EHR vendor Practice Fusion raises another $15 million on its series D round, bringing the round total to $85 million and its lifetime fundraising to nearly $150 million.

Royal Berks suspends Cerner contracts

In England, Royal Berkshire NHS Foundation Trust has suspended two contracts it has with Cerner worth $10 million. The contracts were awarded in 2012 for 10 years of customer support for the Trust’s Cerner Millennium EHR. The contracts were cancelled due to due to higher than anticipated operating costs associated with the project. To bring costs back in line, the Trust cancelled the support contracts and plans to train internal staff to fill the support roles instead.

IMS Health Announces Acquisition of Pygargus

IMS Health, a big-data firm that aggregates and sells large databases of de-identified healthcare data, acquires Pygargus, a Swedish health analytics firm.

You’re Getting Too Much Healthcare

The Atlantic discusses overconsumption of healthcare services in America. According to a recent Institute of Medicine report, 30 percent of total healthcare expenditures in the US are for unneeded care. 42 percent of doctors surveyed in a 2011 Archives of Internal Medicine study reported thinking that their patients were getting more care than necessary.

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Reader Comments

  • Vaporware?: JTR, Cerner is re-tooling itself from a software company (sic) into a service company. The company needs a place to put ...
  • Dave Butler: Many similar issues that I've found as well during my time with provider groups. The EHRs screen can be really busy and ...
  • Justa Trench Rat: Nice to see Cerner continuing with their new campus. I am sure our implementation of their highly questionable revenue ...
  • FRANK POGGIO: Shows to go ya...answering black and white Jeopardy questions is a far cry from the massive grey area of medicine/pharma...
  • Number Cruncher: You are right AC. The cost is seriously underestimated here. Just looking at the numbers - $1 B for 5 years = $200 M ...
  • Abraham Van Helsing: Re Theranos. Will be interesting to follow the saga. As I and others had noted going back 2+ years, something was obvi...
  • Prof. Moriarty: Re: Watson pull out. I've not been directly involved with this product, but from its beginning I have always seen Watso...
  • mih: Of course they can, and for much much cheaper. But why would they do it? Existing arrangement works for everyone in the ...
  • Andrew M. Harrison: Thanks for (actually) reading our paper. I enjoyed the story of your friend, as well as the translation of numbers to em...
  • Mike: I would love to see this type of discussion around Blockchain. It is being hyped heavily currently. Yet, I wonder how we...

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