Morning Headlines 4/2/14
Securities and Exchange Commission: Form S-1, Imprivata, Inc.
Imprivata files paperwork for a $115 million IPO. The company’s revenue has increased by 30 percent in each of the last two years, but it booked a net loss of $5.5 million at the close of 2013.
Selected Defense Programs Need to Implement Key Acquisition Practices
A GAO report finds that the Department of Defense is not accurately calculating future costs for its information systems projects, with 11 of the 13 programs inspected missing their long-term cost targets. One program, an in-country EHR called the the Theatre Medical Information Program, was originally budgeted to cost only $67 million, but has already ballooned to $1.6 billion.
“Litigious nature” of software vendors preventing unbiased reviews of healthcare software
In England, hospitals trying to collect and publish unbiased EHR reviews are being pressured to stop by EHR vendors. One hospital executive explains, "We would like to see something like Comparethesoftware.co.uk… but our pockets are not deep enough to confront the legal departments of the suppliers."
Brigham and Women’s Hospital will expand the use of scribes across its facilities to help doctors manage EHR-related data entry. Scribes join physicians during patient exams and take real-time electronic notes while the doctor and patient talk.
Carol Harris, the GAO representative testifying, seemed comfortable estimating hundreds of millions of dollars to get the remaining 94% of…