Siemens will IPO its $15 billion Siemens Healthineers medical business, offering an unspecified stake while remaining a long-term majority shareholder.
Siemens CEO Joe Kaesar says Healthineers has gone from “good to great” by allowing it to focus and the IPO will “make it a fascinating business.” He says the company will invest in molecular diagnostics and consulting services.
Siemens Healthineers is the German conglomerate’s most profitable business unit. It offers medical imaging, laboratory diagnostics, point-of-care testing, therapy systems, imaging and laboratory diagnostics software, and services.
From Dell EMC Spokesperson: “Re: Fairview Health Services. The City Pages article was inaccurate and misleading across a wide range of facts, including the comments relating to the Dell EMC products. The Dell EMC products never went down or failed at any point. XtremIO was not the root cause of any incidents referenced in the article. Dell EMC values its strong partnership with Fairview and to serving as a top trustworthy and dependable partner from a technology, support, and strategic IT relationship perspective."
From Lever Puller: “Re: your article on election analytics. I loved it – you nailed down many reasons polls should be taken with a grain of salt. The media should take blame, too, for spending so much energy vilifying the eventual winner so that anyone who wanted to vote for him wouldn’t admit that to pollsters, throwing off their results.” Media people do indeed have their own agendas despite their claims of impartiality and they didn’t try very hard to hide it this time (that’s a big no-no when trying to gauge rather than influence opinion). My takeaways: (a) don’t believe any survey, clinical study, or product ranking until you’ve reviewed its methodology and the motivations of the authors; (b) choose carefully the people you allow to feed you predigested conclusions, especially if you plan to take important action from what they tell you; and (c) follow the money because the biases held by most companies and people are directly linked to their wallets. I’ll also add that actions are more important than words, so when a patient says they are medication-compliant or a company boasts that they have only ecstatic customers, ask to see their data proving it. What I was really saying in that article is that no amount of analytical firepower, even when correctly applied, can reliably predict the behavior of humans, especially when it pertains to their health. Meanwhile, if you really believe what people say instead of what they actually do, you should buy shares in UHAL and make a fortune from all the hand-wringers who swear they’re moving to Canada.
Meanwhile, polling expert Nate Silver says in an analytics debrief, “We got a lot of crap for pointing out that the polls showed a fairly close election and that a fairly ordinary polling error could shift the Electoral College to Trump. People just didn’t want to hear it,” adding that the actual polls weren’t too far off in predicting the popular vote that Clinton won so far (Arizona, Michigan, and New Hampshire apparently ran out of fingers and toes and are still counting). The Huffington Post, which gave Clinton a 98 percent chance of beating Trump, has apologized to Silver for criticizing his projections as the news site earned its permanent place in the digital Dewey vs. Truman spotlight.
From Survey Says: “Re: your article on election analytics. As always, quite good and spot on. You would think a bad miss like Election Night would drive both some introspection and hesitancy to pontificate. I suppose nature abhors a vacuum and people have space on their sites that needs fresh content.” I’m already tired of self-proclaimed health experts confidently telling us what to expect from a Trump presidency, even trying to fine-tune their fuzzy crystal balls down to the level of health IT while barely holding back their post-election bitterness and fear. Some of them appear to simply be parroting each other judging from the identical ideas and similar wording.
HIStalk Announcements and Requests
Today (Friday) is Veterans Day, which we set aside to honor everyone who has served in the US armed forces. If you spent time in uniform on US soil or elsewhere, in a combat role or not, thank you. Every service member experiences sacrifice, time away from family, the possibility of personal harm, and some degree of opportunity cost.
I was thinking about people who are said to have “died suddenly” versus the possibly more accurate “died unexpectedly,” although I’m not sure either phrase is any better than just “died.” Nobody knows when they’re going to die other than executed prisoners and suicide victims, so it’s otherwise always sudden and never expected.
This week on HIStalk Practice: Coordinated Care Oklahoma Chief Administrative Officer Brian Yeaman, MD gets excited about analytics and image sharing. Texas Association of Business CEO stumps for telemedicine. SRSsoft adds InteliChart tech to its practice software for specialists. ONC’s annual report to Congress shows patient engagement office progress. Practice Fusion receives funding from Orix Growth Capital. Glendale MRI Administrative Director Pamela Fletcher speaks to the value of pricing transparency when it comes to keeping up with the competition. BCBS of Kansas offers value-based contracts to Aledade Kansas. Jonathan Bush weighs in on next administration’s impact on healthcare. Northwest Physicians Network CEO Rick MacCornack highlights the value found in working with small technology startups.
Here’s the recording of this week’s webinar titled “How to Create Healthcare Apps That Get Used and Maybe Even Loved.”
Acquisitions, Funding, Business, and Stock
Agfa’s board will enter non-exclusive discussions with CompuGroup Medical about being acquired. CGM’s CFO said Wednesday, “It’s either up or out (for the hospital information system business). If you wanted to step up and become a high-profitability, high-growth player, the position that our friends in Agfa have would be the number one choice.” Meanwhile, I’m pondering why Agfa’s logo lists the company’s name twice.
Sunquest acquires Sandy, UT-based UniConnect, which offers software for molecular laboratories.
Carrus Hospital (TX) selects Nuance Power PDF to create, convert, and assemble PDF files.
Banner Health Network (AZ) chooses Evolent Health’s care performance management platform.
Mike Tarwacki (Forte Research Systems) joins Ability Network as SVP of sales.
Announcements and Implementations
A Red Hat survey finds that 82 percent of large healthcare organizations have fully implemented a mobile strategy, a much higher rate than non-healthcare business, and 80 percent of them say their ROI is positive. However, budgets aren’t keeping up with their development and maintenance plans. The biggest reported technical challenges are back-end integration and securing data access.
Government and Politics
A Health Affairs article says a Donald Trump presidency with Republican control over both houses can’t immediately kill the Affordable Care Act despite the President-Elect’s statement that he will ask Congress for its repeal the day he takes office. The article notes that such a proposal would likely be stopped by a Senate filibuster and adds that the ACA is so deeply ingrained into Medicare and other programs that it can’t simply be rolled back. However, funding for specific parts of “Obamacare” could be cut off, preserving features like coverage of pre-existing conditions, elimination of lifetime dollar caps, and age underwriting restrictions intact but leaving insurers to deal with their financial implications. The newly elected president will also need to quickly replace HHS’s many political appointees with people who might choose not to enforce regulatory requirements and could make it easier for states to pull out completely. The administration could also elect to drop its defense of ACA-related lawsuits, which could, as an example, immediately halt cost-sharing reduction payments to insurance companies in making marketplace participation undesirable to eliminate participation. Experts seem to agree that there’s little doubt that the Obamacare portion of the ACA will go away, with no firm proposals on the table to replace the health insurance carried by 20 million people.
Meanwhile, ACA sign-ups hit record levels the day after the election as people fretted less about skyrocketing premiums and more that the pre-existing condition policies could come back and leave them uninsurable.
Anad Sharma, the founder of iPhone health tracking app vendor Gyroscope, is among a group of California technology company executives who say they’ll financially back the so-called #Calexit fringe movement in which California would secede from the US in protest of Donald Trump’s election.
Former bad boy pharma exec Martin Shkreli follows through on his promise to publicly play his $2 million, one-copy-only Wu-Tang Clan album if Donald Trump were to win the election, calling Trump’s victory “fantastic.”
The VA will launch online appointment scheduling in January 2017, using a system developed internally by the VA along with Accenture Federal Services.
Privacy and Security
- Broward Health (FL) is notified by law enforcement authorities that its patient facesheets were found at the home of an unidentified individual.
- The Eastern Colorado VA system says the names and diagnoses of 2,100 veterans were exposed when one of its employees emailed unencrypted documents to her personal email account.
- In Canada, the privacy commissioner of Newfoundland and Labrador orders Eastern Health to implement mandatory user log-outs and to consider proximity-based security after someone accesses patient information using the still-active Meditech session of a doctor who had left the area for rounds.
The Madison paper covers a new bus service that targets Epic commuters with hardwood floors, free coffee, Wi-Fi, and a widescreen TV.
The USDA celebrates Allene Rosalind Jeanes, PhD (1906-1995), an agricultural chemist who was asked by a soft drink company to figure out why a batch of its root beer had thickened, leading her to develop a manufacturing process for the life-saving plasma substitute dextran. She and her team also discovered xanthan gum, used to thicken ice cream, medicines, and other products.
Weird News Andy is ‘appy this didn’t ‘appen in England since “first, do no ‘arm” wouldn’t be convenient. A plastic surgeon in China grows an artificial ear on a man’s arm that will eventually replace the one he lost in an accident.
- Valence Health will exhibit at the AMGA Institute for Quality Leadership November 15-17 in San Francisco.
- Verscend will exhibit at the NHCAA Annual Training Conference November 16-19 in Atlanta.
- Optimum Healthcare IT is mentioned positively in the KLAS Healthcare Consulting 2016 report.
- Group health extends its ZeOmega contract and will upgrade to the latest version of its Jiva population health platform.
- ZirMed will exhibit at Wave 2016 November 17-18 in Austin.
- Hilo Medical Center (HI) moves procedure consents to Web-based forms and electronic signatures from Access.
- Zynx Health will exhibit at Cerner Health Conference 2016 November 12-16 in Kansas City, MO.
- Sunquest will exhibit at the Association for Molecular Pathology Annual Meeting November 10-12 in Charlotte, NC.
- Consulting Magazines names Impact Advisors VP Jenny McCaskey one of the “Women Leaders in Consulting” of 2016.
- NCQA recertifies 17 Medecision disease management programs.
- Imprivata, National Decision Support Company, and MedCPU will exhibit at Cerner Health Conference 2016 November 14-17 in Kansas City, MO.
- LogicStream Health will host a networking event for Cerner Health Conference attendees November 15 at the Drum Room.
- InterSystems will exhibit at AMP’s annual meeting November 10-12 in Charlotte, NC.
- Intelligent Medical Objects, Meditech, and Streamline Health will exhibit at the AMIA 2016 Annual Symposium November 12-16 in Chicago.
- Kyruus will host its annual ATLAS Conference November 14-15 in Boston.
- The Kansas City Business Journal profiles Netsmart.
- Obix Perinatal Data System will exhibit at the HIMSS Midwest Fall Technology Conference November 13-15 in Bloomington, MN.
- Experian Health will exhibit at HFMA North Dakota November 12-13 in West Fargo.
- The SSI Group will exhibit at the 2016 HFMA Mid-Atlantic Region Meeting November 13-16 in Asheville, NC.
- SK&A publishes a new report, “Top 50 Free-Standing Surgery Centers.”
- What is Ransomware and How to Protect Against It (TierPoint)
- Key Takeaways from the CHIME 2016 Fall CIO Forum (Infor)
- Let’s get it started! (Voalte)
- Choosing the Right SMS Provider 4 U (West Corp.)
- A Legacy of Care: Honoring Hospital Contact Center Operators (Spok)
- Top 5 Ways to Reduce and Manage Medical Necessity Denials (ZirMed)
- Assessing Data Breach Severity: Third-Party Incident Exposes Credit Card Data (ID Experts)
- Online Reviews Impact How Patients Select Hospitals and Doctors (Influence Health)
- And the Winner of the 2016 Election is … Big Data (Liaison Healthcare)
- Happy Employees Make Happy Patients (MedData)
- Countdown: Top 5 Reasons to Provide Price Estimates (Navicure)
- Gathering and Storing Healthcare Information: The First Step in the Journey Towards Integrated Care (Orion Health)
- Plug-in Payments: Why Practices Should Integrate Their Hardware, Software, and Processing Agreement into a Single Technology Platform (Patientco)
- Back from the Honeymoon (PeriGen)
- Leveraging SharePoint and Project for Collaborative Project Planning (Summit Healthcare)