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Monday Morning Update 9/3/18

September 2, 2018 News 1 Comment

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As predicted, California-based Verity Health files for Chapter 11 bankruptcy in an effort to survive the health IT missteps of billionaire Patrick Soon-Shiong, MD who acquired the health system in July 2017 with promises of achieving the Triple Aim using Allscripts technology, which he seemed to favor as a company investor. Implementation efforts have been put on hold as the frustrations of local officials mount. “It has become crystal clear by the bankruptcy announcement that he virtually had no intention of keeping these hospitals open and to continue to serve the poor like the Daughters of Charity [the past owners] did,” says city official David Canepa. “The whole thing seems like one big lie.”


Reader Comments

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From Vumcit: “Re: CIO departure at VUMC. Vanderbilt operating revenue down 68 percent after Epic implementation. CIO leaving. Unofficial hiring freeze in place.” It appears CIO Ken Letkeman will be heading to Houston Methodist after overseeing Nashville-based VUMC’s $200 million switch to Epic last November. The hospital’s latest financial statement says that while the drop in revenue was planned for, the implementation caused “muted” procedural volume, though future gains are expected.

From Savoy Special: “Re: Teladoc. Teladoc Rx ordering suffered widespread outage for over 36 hours between 8/29 and 8/31. After hours on the phone with Teladoc getting multiple stories, with the only consistent theme being ‘It’s not us, it’s them’ in a vague reference to a downstream integration or e-prescribing vendor platform doing an upgrade or emergency fix. Messages are flowing in a FIFO manner as of 9 a.m. ET on 8/31.” Unverified. Teladoc uses e-prescribing services from Surescripts.


HIStalk Announcements and Requests

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Blockchain’s potential impact on healthcare seems to be minimal at best, which makes me wonder if an emperor-with-no-clothes mentality has swept investors (and other media outlets) off their feet. Clarence says, “The biggest impact is the cost of time and energy spent exploring this fruitless and wasteful expenditure.” Former CIO explains that, “It’s a database, a really slow database. What database has ever impacted cost or quality? When has a slower technology ever improved anything in healthcare?”

New survey to your right or here: Would you resort to sharing your medical bill with the media in hopes of getting it reduced?


Webinars

None scheduled soon. Previous webinars are on our YouTube channel. Contact Lorre for information.


Acquisitions, Funding, Business, and Stock

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Virtual care software vendor Zipnosis raises $3 million in a Series B round, bringing its total funding to $22 million.

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The New York Times profiles Comcast and the surprisingly savvy investments it has made to keep healthcare costs down for its employees. (Most employees have a $250 deductible.) Through its Comcast Ventures investment arm, the much-maligned cable company has developed financial relationships with startups like Accolade, which helps employees navigate their health benefits; and Grand Rounds, which helps patients find second opinions. Comcast offers their services to its employees, plus virtual care from Doctor on Demand. It’s next admittedly self-serving play is to ensure the financial health of its employees through a startup it has created and funded call Brightside. Accolade co-founder Tom Spann made his debut as CEO of Brightside at the HLTH conference in Las Vegas.

HCA Healthcare buys Mission Health for $1.5 billion and pledges to invest $25 million in an innovation fund for the North Carolina-based system. Coincidentally, HCA is part owner of St. David’s Medical Center in Austin, TX, which slapped patient Drew Calver with a $109,000 bill for heart attack treatment, but then ultimately slashed it to $332 after receiving negative national media coverage it couldn’t “neutralize.”


People

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Todd Hoisington (Huron Consulting) joins The Chartis Group as principal and partner.


Announcements and Implementations

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Meritus Medical Center (MD) and physician practices go live on Epic.

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In Australia, Chris O’Brien Lifehouse implements Meditech’s 6.x oncology and pharmacy software.


Sales

  • Mt. Washington Pediatric Hospital (MA) selects Meditech Expanse EHR implementation services from CloudWave.

Other

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An interop enthusiast reflects on Epic CEO Judy Faulkner’s UGM comments on the benefits of “One Virtual System Worldwide.”

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The integration of new devices for better communication tops the list of call center process-improvement goals, according to Spok’s inaugural survey of 400 providers involved with call-center strategy. Pagers are still going strong as a top communication method for staff, nearly tying with smartphones. Smart watches seem to be high on everyone’s wish list.


Sponsor Updates

  • Liaison Technologies releases a new video, “The State of Data Privacy and Security Compliance in Healthcare.”
  • LifeImage’s network now connects 1,500 hospitals and has facilitated the exchange of 7 billion image files.
  • MedData will exhibit at the Texas MGMA Fall Conference September 6-7 in Houston.
  • PatientPing releases a new success story video featuring Karen Yakabowskas of Saint Francis Healthcare Partners.
  • Surescripts recognizes nine EHR companies as finalists for the 2018 White Coat Award.
  • Vocera will exhibit at the 2018 Kansas Hospital Association Conference and Tradeshow September 6 in Topeka.
  • Philips Wellcentive publishes a new case study, “Eastside Health Network overcomes integration challenges.”
  • Meditech adds PDMP integration from DrFirst to its Expanse EHR.

Blog Posts


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Currently there is "1 comment" on this Article:

  1. Paul Black and Allscripts leadership did throw away 200 million into this con mans pockets. Does anyone see any similarities between the 2? Claims of being able to cure cancer, a cheap zinc air rechargeable battery, Allscripts rapidly aging claims of an AI product to “complement” their portfolio of outdated, duct tape wrapped solutions. Snake oil salesmen both of these 2 men. buyer/investors beware.







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Reader Comments

  • CaveNerd: Blockchain and Bitcoin fever is over ... Great! No more explaining what this is to executives and others who are worried...
  • The biggest HIMSS booth: If you were a member of a health tech company's leadership team you would be aware that many CMOs lead corporate and pro...
  • Really hope you don't code: There are elegant solutions to daylight savings time. Coming up with one is not an issue. The issue is that EHRs contain...
  • HopeYouDon'tCode: Right, so when a doctor orders a medication at 1:30 AM, to be administered in 60 minutes, you just display 2:30 AM and t...
  • LFI Masuka: Re: Daylight Savings Time. Technically, this is trivial to implement. You merely keep track of an internal "base time"...
  • kevin hepler: Webinars are nothing but glorified lectures in most cases and who ever liked those. Most of us can read the material in...
  • RobLS: RE: Getting rid of stupid things "the small wins that come from acknowledging and improving our daily work do matter....
  • Dan Greenberg: A very nice article, Dr. Scarlat! As you say, current vectorization technology is a "bag of words" - it works when yo...
  • Clarence: Not hard to de-identify the anonymous sites contributing to pediatric medication events study - Look at author’s insti...
  • Duke Silver: Glad my insurance company didn't do that. Blood work yes, but that was it....

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