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Morning Headlines 11/3/17

November 2, 2017 Headlines 3 Comments

Allscripts announces third quarter 2017 results

Allscripts reports Q3 results: revenue increased 15 percent to $449 million, adjusted EPS –$0.16 vs. –$0.06.

Leidos Holdings, Inc. Reports Third Quarter Fiscal Year 2017 Results

Leidos reports Q3 results: revenue up 34 percent to $2.5 billion, adjusted EPS $0.95 vs. $1.25, beating on earnings but missing on revenue.

CPSI Welcomes Back Two Returning Community Hospitals

Seiling Municipal Hospital (OK) and El Campo Memorial Hospital (TX) both announce that they will return to CPSI after contracting with unnamed CPSI competitors. Seiling Municipal Hospital was recently profiled by Athenahealth as strong users of its cloud-based acute care EHR.

Hospitals sue CMS over 340B drug changes

AHA and two other hospital lobbying groups sue CMS after the agency published a final rule that will drastically cut funding for the 340B discount drug program. The program was originally introduced to help underfunded hospitals buy drugs for low-income patients, but hospitals have monetized the program to maximize their profits.

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Currently there are "3 comments" on this Article:

  1. In response to comment on Seiling Municipal Hospital and the value that athenahealth has brought to the hospital, see here for CEO quote provided yesterday 11/2:

    “Working with athenahealth over the past year has been invaluable to the financial state of Seiling Municipal Hospital. They have helped us gain access to untapped sources of data and increase our revenue by more than 10 percent. Based on my experience, athenahealth has proven to be a trusted partner that not only helped us identify and fill critical gaps, but also to scale for future profitability.” – Jennifer Coons, CEO/Adminstrator, Seiling Municipal Hospital







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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 ...
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