Morning Headlines 7/29/15
Harvard tech guru funds collaborative medical software
A Harvard Business professor invests $8.4 million in digital health startup ACT.md, a company focused on building collaboration tools to improve handoff communications and care coordination among providers.
NantKwest a huge IPO, but watch the small float
In the largest biotech IPO in a decade, Patrick Soon-Shiong, MD’s NantKwest started trading on the NASDAQ today, opening at $37 per share for an initial market capitalization of $2.6 billion. Soon-Shoing acquired the company less than a year ago for just $48 million.
Peer60 publishes survey results from 277 community hospital providers, finding that 20 percent of community hospitals are actively looking to replace their current EHR, with Epic, Cerner, and Meditech most frequently named as likely replacement vendors.
UMass Memorial Health Care plans big patient record upgrade
UMass Memorial Health Care CEO Eric Dickson, MD reports that the health system will invest $700 million over $10 years in its transition from Sorian to Epic, representing the largest capital investment in its history.
Ageed Mike, "patients are the widgets that must be processed" additionally when it costs close to $3,700 a month for…