Morning Headlines 3/5/14
FCC Chairman Announces New Connect2Health Task Force
FCC Chairman Tom Wheeler announces the formation of a new task force that will work to accelerate the adoption of health care technologies by leveraging broadband and other communications services.
JAMA publishes a study following the performance of a Patient Centered Medical Home from its launch in 2008 through 2011, and concludes that participation in a PCMH does not directly correlate to reductions in utilization of hospital, emergency department, or ambulatory care services or reductions in total costs of care over three years.
Wake Forest Baptist’s operational revenue rises in second quarter of fiscal 2014
Wake Forest Baptist’s chief financial officer credits reduced expenses related to its Epic implementation in part for its financial turnaround. The medical center reported a loss of $23.5 million, an improvement compared with a loss of $49.8 million for the same period in the previous year.
Castlight Health amends IPO filing, hopes to raises up to $140 million
Castlight Health has updated its February IPO filing to reflect that it plans to sell between 11 million and 12.6 million shares of common stock for $9 to $11 per share, bringing the total it hopes to raise to $140 million.
Carol Harris, the GAO representative testifying, seemed comfortable estimating hundreds of millions of dollars to get the remaining 94% of…