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Morning Headlines 10/13/17

October 12, 2017 Headlines 2 Comments

Outcome Health, a hot $5 billion startup, reportedly misled its advertisers

Outcome Health, a Chicago-based healthcare startup, reportedly raised a $500 million funding round on a $5 billion valuation that was based on misleading performance metrics and falsified growth data. The company creates patient education videos intermixed with pharmaceutical ads to be played in doctor’s office waiting rooms.

Trump begins Obamacare dismantling with executive order

President Trump signs an executive order that will create new, non-ACA regulated purchasing options for individuals shopping for health insurance plans. Advocates say sidestepping the ACA marketplaces will free payers to offer lower priced plans that do not comply with ACA protections, while critics say the move is aimed at gutting the ACA individual marketplaces of the younger, healthier demographic needed to sustain a market.

#CHC17 Day 4 Recap

At its annual user conference, Cerner’s President Zane Burke announces that CommonWell services will remain free to Cerner clients for an additional three years, through 2020. The network now holds 60 million patient records.

Doctors Feel Excluded from Health Care Value Efforts

A Harvard Business Review article by two Bain & Company’s healthcare partners argues that providers are not eager to embrace alternative payment models because they have been routinely excluded from the decision-making process.

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Currently there are "2 comments" on this Article:

  1. I wish it was possible to short private companies somehow…seriously I’m open to suggestions. I never understand how these crappy HIT startups get these massive valuations roughly in the same neighborhood as Epic’s valuation and Cerner’s market cap. $5 billion for a company that plays ads in waiting rooms…? In a day and age when we’re developing analytics and patient access tools so that patients spend as little time as possible in waiting rooms? Or maybe the future of healthcare delivery will be like Hulu. Monthly premiums + watching 90 seconds of ads before you can see your provider.







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Reader Comments

  • Sam Lawrence: Except in this case, coding = medical billing, not development. Though the same warning may be true...
  • BeenThere: Partners will find the savings from their cuts of coders as fools gold. There are a lot of hidden costs running an outs...
  • JC: If there is not there can be. VistA has a reference lab interface that can create the manifests/labeling and such as we...
  • Tom Cornwell: Great stuff from Dr. Jayne as usual. One small typo, last sentence of second-to-last paragraph: should be 'who's' not 'w...
  • HIT Observer: What I find most interesting here, is people defending their common practices rather than truly taking this as invaluabl...
  • Bob: There's no incentive for the provider to spend time doing a price comparison for the patient. Nor is it a good use of th...
  • Peppermint Patty: Veteran - can you clarify what was "fake "? Was something made up (definition of fake) or did you disagree with Vapo...
  • Pat Wolfram: Such a refreshing article. Thanks -- there really can be a simpler version of an acute HIT implementation. But I do ...
  • Woodstock Generation: Bravo to HIStalk's Weekender recaps and other news/opinions. I read it first thing on Monday mornings..................
  • Veteran: #fakenews...

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