A blog post from UCSF’s Center for Digital Health Innovation takes exception to Epic’s claim that it offers a “comprehensive health record.” The authors say EHR vendors are missing the point that no EHR can be comprehensive since important information is also generated by patients, families, and caregivers; includes genomic information, and is sourced from non-clinical settings. It concludes,
Interoperability is not and must not be defined by being able to pick up and move a giant digital stack of records from one hospital system to another, with the hope that the patient’s various providers will all be able to accumulate everything, like a cartoon snowball rolling downhill … interoperability is a national priority precisely because no single vendor EHR system is comprehensive… Given this, we say “connected health record,” not comprehensive health record, and we are not alone … a chorus of physicians and patients is crying out that EHR systems are already cumbersome and inefficient. Imagine how much worse this might become if EHR systems grow and grow to accommodate new use cases … technological advances have led other industries to adopt an API-based model, in which modules, devices, and software from different vendors can easily connect. That way, each vendor can focus on what it does best, and the user can benefit from an ecosystem of technology and software that work seamlessly together.
From Jorge DiSelva: “Re: Cerner’s revenue mix. Did you notice how far it has swung from license fees to services? Pretty amazing.” It is indeed amazing. Annual revenue has nearly doubled in the past five years and 43 percent of software revenue is now coming from subscriptions. Services revenue is also huge at 72 percent of the $5 billion total, with 62 percent of Cerner’s annual revenue being recurring. Companies have chased the subscription-based revenue model with varying degrees of success to try to smooth out revenue swings due to the timing of contract signings, but Cerner has delivered. Customers could theoretically displace its products more easily under the subscription model, but few will do so given the lack of alternatives and the effort they expended to implement them in the first place. Investors aren’t loving everything about Cerner, though – the health IT market is changing pretty quickly, the company’s margins have slipped a bit, the VA deal hasn’t yet played out as expected, and the new CEO is an unknown factor. CERN shares are up 16 percent in the past year, which sounds great except that just investing that the Nasdaq composite would have yielded nearly double that.
From Math Challenged: “Re: HIMSS conference combo deal. They tweeted that a combo pass for HIMSS19 and Health 2.0 is a ‘2 for 1 Deal … for the price of 1 ticket.’ Not so – the website says the combo for HIMSS members is $1,799.” I don’t understand that claim either. The HIMSS early bird registration rate for members was $795 this year, so that means you’re paying $1,034 for Health 2.0 instead of its early bird price of $1,199, which isn’t much of a deal.
From Old Timer: “Re: open position at BIDMC. Is John Halamka leaving?” The job posting is for CIO of just the physician group from what I can tell.
HIStalk Announcements and Requests
Datica Chief Data Officer Mark Olschesky tweeted out a challenge at the HIMSS conference in which he offered to donate $1 to my DonorsChoose project for each attendee at his session on HIPAA and GDPR compliance for developers. His donation (and your attendance, if you were among the 300 there) along with matching funds fully covered these teacher grant requests:
- 12 sets of headphones, a microphone, and a barcode scanner for Mrs. R’s elementary school class in Tucson, AZ
- A document camera for Mrs. S’s second grade class in Charlotte, NC
- Two tablets for programming robots for Ms. C’s middle school class in Fresno, CA
- Two tablets and cases for robotics programming for Mrs. A’s elementary school class in Theodore, AL
- Speakers for Mrs. D’s elementary school class in Holyoke, MA
- Eight LCD writing boards for Ms. C’s elementary school class in Memphis, TN
Welcome to new HIStalk Platinum Sponsor Hyland Software. The company combines information management and enterprise medical imaging with business process and case management capabilities to deliver a suite of unparalleled content and image management solutions to address the clinical, financial, and operational needs of healthcare organizations around the world. More than 2,000 healthcare organizations use Hyland Healthcare’s world-class solutions every day to become more agile, efficient, and effective. The product suite – Acuo by Hyland, Brainware by Hyland, NilRead, OnBase by Hyland, PACSgear, Perceptive Content, and ShareBase by Hyland – helps complete patient records, eliminate reimbursement delays, and enhance business processes. Hyland Healthcare is a part of Hyland, a leader in providing software solutions for managing content, processes, and cases for organizations across the globe. Thanks to Hyland Healthcare for supporting HIStalk.
April 5 (Thursday) 1:00 ET. “Succeeding in Value-Based Care Via a Technology-Driven Approach.” Sponsor: Health Fidelity. Presenters: Adele L. Towers, MD, MPH, senior clinical advisor, UPMC Technology Development Center; Adam Gronsky, director of advisory services, Health Fidelity. Success in value-based care requires a thorough understanding of how risk-based payment models work. To prosper in this data-laden era of care, providers need to manage their patient populations holistically rather than through a collection of individual episodes and be able to accurately identify, document, and report risk scores. Given the stakes, is your provider organization adequately set up to take on and succeed in managing risk? In this webinar, learn how technology-enabled risk capture optimization is helping providers succeed in risk-based payment models.
Acquisitions, Funding, Business, and Stock
Cognizant will acquire Louisville, KY-based RCM services vendor Bolder Healthcare Solutions, adding to its previous health IT-related acquisitions TMG Health and TriZetto.
Greenway Health will close its Lake Mary, FL office in late April and lay off 27 employees who work there. The company had previously announced the closure of that office as well as those in Atlanta and Birmingham as it consolidates operations in Tampa, FL.
The White House kills Broadcom’s hostile takeover of Qualcomm, meaning that Capsule Tech will remain a Qualcomm subsidiary. Thanks to reader Dr. Trump, who reminded me of the healthcare IT connection. Qualcomm acquired medical device integration vendor Capsule Technologie in September 2015.
Virginia Hospital Center (VA) will implement the Spok Care Connect unified communication platform.
Former HIMSS President and CEO Steve Lieber joins association software vendor Next Wave Connect as executive advisor.
Advocate Health Care SVP/CIO Bobbie Byrne, MD is named CIO for Advocate Aurora Health once the Advocate-Aurora merger is completed in the next few weeks. Aurora CIO Preston Simons will “retire.” The CEOs of each health system will serve as co-CEOs of the merged organization, which never works even though it gets the deal signed in bypassing egos. I question the focus of a company that doesn’t have enough decisiveness to put one person in charge, although the co-CEO arrangement is usually abandoned fairly quickly anyway.
Intelligent Medical Objects promotes Matt Cardwell, PhD to chief product officer and Jose Maldonado to chief solutions officer.
Collective Medical promotes Andrew Reeve to SVP of sales.
Influence Health promotes Mike Oakman to COO.
Announcements and Implementations
GetWellNetwork adds Healthwise’s patient education video library to its patient experience platform.
Medable announces Insight, a blockchain-powered medical data exchange platform for research studies. The company offers tools for building secure data-related applications, analytics, alerts, and data visualization. It claims that researchers can develop a clinical study app in one day.
CompuGroup Medical launches a project to create new ambulatory products for several countries, with the US at its center. The core product can be customized to individual markets but will share a code base, tools, and processes.
DirectTrust’s board calls for nominations for new board directors and for the CEO position being vacated by David Kibbe, MD, MBA at the end of the year.
Datica launches a Kubernetes-enabled version of its security and compliance technology that will allow AWS and Microsoft Azure users to deploy Datica’s platform on their own cloud accounts.
Government and Politics
Media reports suggest that President Trump is considering replacing VA Secretary David Shulkin with Energy Secretary Rick Perry, who is a former Texas governor and Air Force captain and pilot.
ECRI focuses on diagnostic errors in its top 10 patient safety issues for 2018, with “incorporating health IT into patient safety programs” being the only pure IT item on the list.
FYI: the latest update to the Chrome browser adds the desperately-needed option to permanently mute a site, preventing the heart-stopping racket that some sites create with auto-play video (CNN and local TV station sites are the worst offenders). Right-click a tab and the “mute site” option appears.
A JAMA article says out-of-control US healthcare spending is driven by high prices and administrative overhead rather than overutilization. It notes in comparing the US to 10 high-income countries that the US:
- Spends twice as much on medical care, representing 17.8 percent of GDP vs. the next-highest 12.4 percent
- Covers 90 percent of residents with health insurance vs. the next-lowest country at 99 percent
- Has the highest obesity rate, the lowest life expectancy, and the highest rate of infant mortality
- Has about the same number of doctors, nurses, and hospital beds per 1,000 people , but pays clinicians a lot more
- Spends 8 percent on healthcare administrative costs vs. the next-highest 3 percent
- Spends $1,443 per person on prescription drugs vs. the next-highest $939, with drugs here costing up to 10 times what people in other countries pay
Epic’s Judy Faulkner tells Politico that the company won’t challenge the VA’s single-source Cerner contract choice (“we feel it’s the customer’s right to pick whatever they want”), but she estimates that Epic would have charged at least $3 billion less than Cerner and would offer more interoperability with providers who see veterans that seek care outside the VA system.
- Formativ Health announces a patient engagement solution for Salesforce Health Cloud.
- Meditech will exhibit at the Texas Organization of Rural & Community Hospitals (TORCH) 2018 Conference in Dallas April 10-12.
- CareSync publishes a new report on chronic care management for rural health clinics and FQHC practices.
- Carevive will present and exhibit at the ACCC Annual Meeting and Cancer Center Business Summit March 14-16 in Washington, DC.
- Software Advice includes ChartLogic in its list of frontrunners in the EHR software market.
- EClinicalWorks will exhibit at Endo Expo 2018 March 17-20 in Chicago.
- Ellkay joins the CommonWell Health Alliance.
- Healthfinch receives an Innovation Award from Athenahealth for its Charlie Practice Automation Platform.
- Healthwise announces new health educational content partnerships with TeleHealth Services, and Mytonomy.
- InterSystems and Rhode Island Quality Institute deliver designee alerts for patient empowerment.
- IMO and Aorn Syntegrity partner to create a consolidated surgical scheduling procedure list.
- Kyruus integrates IBM Watson Virtual Agent with its ProviderMatch technology to enable AI-assisted patient-provider matching and scheduling
- Clinical Architecture CEO Charlie Harp discusses interoperability on CommonWell TV.
- Revisiting Deconstructed PACS (Visage Imaging)
- Top 3 Trends to Improve Patient Experience With Healthcare (ChartLogic)
- Grocery store walkthroughs: One step toward improving health literacy (Meditech)
- 4 Questions with James Feen, VSP and CIO at Southcoast Health (Optimum Healthcare IT)
- What Steps are Involved in the EMR Migration Process? (Access)
- The Role of Practice Automation in Healthcare Communication (AdvancedMD)
- #HIMSS18: French delegation and Augmented Intelligence (Agfa Healthcare)
- Removing Friction from the Prescribing Process (Aprima)
- 2018 Healthcare Trends Part 4: Clinicians as Developers (Datica)
- When Strategy Meets Reality: Value-based Discharge Planning (CarePort Health)
- Deadline for Reporting MIPS Data and 10 More Facts for 2018 (CareSync)
- Top 3 Trends to Improve Patient Experience with Healthcare (ChartLogic)
- Federal movement around EPA (CoverMyMeds)
- Demonstrating the Value of the Health Information Exchange Through Qualitative Research (Diameter Health)
- Nine Steps to Getting Rid of the Urgent Care Waiting Room (DocuTap)
- HIMSS 2018 – A Nurse’s Retrospective Part 1 (Engage)
- Client Success: Better Care Management at Maine FQHC (HBI Solutions)
- Managed IT Services for Healthcare: 4 Considerations for Choosing the Ideal Partner (The HCI Group)
- For Physicians, a Little Investment in Patient Reviews Goes a Long Way (Healthgrades)
- What Works – Huntzinger Defines IT Merger, Acquisition & Affiliation Playbook (Huntzinger Management Group)
- Time Matters with Sepsis – Here’s One Minute That Really Counts (Iatric Systems)
- 5 Things to Consider Before Hosting Smaller Facilities on Your Shiny New EHR (Impact Advisors)
- Why patient identification matters more than ever in 2018 (Imprivata)
- Getting Executive Buy-In for Reputation Management (Influence Health)
- Four Tips to be a Better Steward of Opioid Prescriptions (Ingenious Med)
- Be a Better Communicator: How to Set Patient Expectations and Get Paid (InstaMed)
- Leveraging Community Data for Continuous Innovation (InterSystems)