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Morning Headlines 11/6/17

November 5, 2017 Headlines No Comments

UPMC says $2B project to build 3 hospitals will put it in ‘a class virtually onto itself’

Pittsburgh-based UPMC will spend $2 billion to build three new technology-focused specialty hospitals that it hopes will position it to become the “Amazon of health care.”

Allscripts Healthcare Solutions (MDRX) Q3 2017 Results – Earnings Call Transcript

On its Q3 earnings call, Allscripts President Richard Poulton notes that the company has passed $2 billion in annual revenue, making it the second largest public health IT vendor.

Lawmakers look to keep close tabs on VA’s health record switch

A bipartisan group of congressman from the House Committee on Veterans Affairs introduces legislation requiring the VA to hand over documentation detailing how it intends to implement its Cerner EHR. Chairman Rep. Phil Roe (R-TN) called the bill “essential legislation that will give Congress additional tools to carry out effective oversight of this challenging undertaking.”

Politically connected cancer mogul faces questions over his genetic tests

Healthcare billionaire Patrick Soon-Shiong, MD falls under suspicion for exaggerating the success of his GPS Cancer genetic test sales on a call with investors.

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Reader Comments

  • Justa Trench Rat: Nice to see Cerner continuing with their new campus. I am sure our implementation of their highly questionable revenue ...
  • FRANK POGGIO: Shows to go ya...answering black and white Jeopardy questions is a far cry from the massive grey area of medicine/pharma...
  • Number Cruncher: You are right AC. The cost is seriously underestimated here. Just looking at the numbers - $1 B for 5 years = $200 M ...
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