Physicians spend 16 minutes per encounter doing EHR work, according to a Cerner study that reviewed client data from its Lights On Network.
From OK Competer: “Re: non-compete agreements. It’s time for employers to stop requiring these from staff-level employees, which seems un-American. I’ve been affected by this several times, most egregiously when I was notified of my pending layoff by a healthcare IT consulting firm right after it was acquired by a large corporation. I was denied the opportunity to accept a job from one of the large corporation’s clients in my home town even though I had not served as a consultant for that client.” Abolishment of those requirements is being considered in proposed legislation and an FTC review (public comments are welcome). I’m not surprised that lame companies include such language in their desperate attempt to wield control over employees, but taking the devil’s advocate position, a lot of bad corporate behavior is enabled because employees voluntarily sign their rights away and then complain only later when their personal circumstances are impacted. The most insulting example is that a fast food worker, like the minimum wage kid who assembles your Subway sandwich who is not allowed to take their vast corporate insider knowledge to Jimmy John’s for 50 cents more per hour. I agree that non-competes for marginally skilled workers need to be made illegal, while acknowledging that it’s a sad state when employers can be counted on to misbehave to whatever extent the law allows. They would stop if people refused to work for them.
From Epically Annoyed: “Re: Epic. It is boosting its non-compete back up to 18 months from one year, and it’s a massive list of firms. It hurts not only those who leave the company, but those customers working to hire quality employees, as every one of Epic’s clients are included in their non-compete.” Unverified. A purported list of the non-compete companies listed is on Reddit, while an annoymous Glassdoor poster says the non-compete was increased to 18 months for consulting firms.
January 29 (Wednesday) 2:00 ET. “State of the Health IT Industry 2020.” Sponsor: Medicomp Systems. Presenters from Medicomp Systems: Dave Lareau, CEO; Jay Anders, MD, MS, chief medical officer; Dan Gainer, CTO; Toni Laracuente, RN, chief nursing officer. Despite widespread adoption of EHRs, healthcare professionals struggle with several unresolved systemic challenges, including the lack of EHR usability, limited interoperability between disparate systems, new quality reporting initiatives that create administrative burdens, and escalating levels of physician burnout. Join the webinar to learn how enterprises can address current industry roadblocks with existing market solutions and fix health IT’s biggest challenges.
Acquisitions, Funding, Business, and Stock
Revenue cycle services vendor R1 RCM acquires scheduling and patient access solutions vendor SCI Solutions for $190 million in cash. The acquisition comes three days after SCI Solutions announced that it had acquired patient access vendor Tonic Health.
Former Senator Bill Frist, MD launches Nashville-based CareBridge, which will offer electronic visit verification, information sharing, and decision support in serving long-term home care patients. The company is backed by $40 million from investors that include Google.
Medsphere raises $40 million in new funding to support growth and pursue acquisitions.
Industry data and analytics vendor Definitive Healthcare acquires six-employee PatientFinder, which analyzes patient claims data to identify doctors as sales prospects for drug and medical device vendors.
Infor aquires RTLS systems vendor Intelligent InSites to enhance its CloudSuite Healthcare clinical offerings.
Global Healthcare Exchange acquires Lumere, which offers drug and medical device supply chain and pharmacy technology.
Arcadia raises $29.5 million in closing its fully subscribed growth equity investment.
Masimo buys NantHealth’s Connected Care business for $47 million in cash. NantHealth Chairman and CEO Patrick Soon-Shiong says the sale will allow the company to focus on its healthcare communications, clinical decision, and analytics businesses. NH shares jumped 12% on the news to $1.36, valuing the company at $150 million. NantHealth acquired Harris Corporation’s FusionFX integration business medical device connectivity vendor ISirona, both in 2015.
- Northwell extends its Allscripts Managed Services agreement through 2026, adding $500 million to the company’s contract backlog.
- Carilion Clinic (VA) will implement VisitPay, which allows patients to pay online and set up payment plans.
Collective Medical hires Wayne Grodsky (SOC Telemed) as chief revenue officer.
Announcements and Implementations
Black Book lists its top-dated healthcare analytics solutions vendors and consultants for 2020.
KLAS reports on digital faxing as healthcare organizations work on eliminating paper faxing. KLAS proposes a four-step digital maturity framework: (1) secure digital fax via APIs; (2) outbound fax integration; (3) document routing, both inbound and outbound, to specific applications; and (4) allowing digital fax documents to be interrogated using NLP or OCR. The sampled customer bases were tiny (two to five customers each), but responding customers of the four vendors studied (Concord, EtherFax, J2 Global, and OpenText) say the vendors haven’t gotten very far in developing intelligent automation.
AHRQ launches a Division of Digital Healthcare Research, which will produce and disseminate evidence about how digital health can support healthcare quality, safety, and effectiveness.
UCSF Medical Center adds diagnostic images to its Epic MyChart patient portal.
Proteus Digital Health, once valued at $1.5 billion for its technology that monitors when patients take their pills, loses the drug company contract that yielded the FDA’s approval of its technology. The company, which has raised nearly $500 million in funding, is laying off employees and pivoting in trying to get insurers rather than drug companies to pay for its services. Drugmaker Otsuka gave Proteus a financial lifeline in buying exclusive rights to use the technology for mental illness. Insiders say the technology worked, but didn’t fit well into hospital workflow, patients didn’t like wearing the required patch, and physicians didn’t really know what to do with the reams of data the device produces. Surely all of this was painfully obvious to everyone except investors.
Odd: In Bahamas, publicly traded Doctor’s Hospital Health System will redirect its strategic focus from medical tourism to using AI and machine learning.
A Madison newspaper editorial by former Wisconsin governor and HHS secretary Tommy Thompson says HHS’s proposed data-sharing requirements will harm Epic and the Wisconsin economy with no benefit to patients, giving “Silicon Valley and new entrants an unfair leg up at the expense of Wisconsin jobs” in forcing Epic “to spend a significant amount of its time on work to share its trade secrets with newcomers.”
Weird News Andy flexes his keyboard-buffed biceps with this story, which he retitles “Working Out is for Schmucks.” Scientists find that a naturally occurring protein mimics the effects of exercise. The subjects of the study — laboratory mice and flies — are reportedly abandoning their Orange Theory memberships while waiting for the websites Hers and Hims to start selling it.
- Hyland Healthcare announces GA of new enterprise imaging tool PACSgear Video Touch 4K.
- Pivot Point Consulting’s parent company, Vaco, expands its offices in Miami and West Palm Beach, and hires new managing partners.
- FDB VP Tom Bizzaro retires after more than 20 years with the company.
- Optimum Healthcare IT publishes an infographic titled “Q4 2019 Heathdata Breach Report.”
- AdvancedMD will exhibit at Hawaiian Eye 2020 January 18-24 in Koloa.
- EMedix Reimbursement Solutions, a CompuGroup Medical brand, achieves the CAQH Committee on Operating Rules for Information Exchange Phase 1 Certification Seal.
- CoverMyMeds shares 2019 milestones, including 3,000 volunteer hours with Besa Community and $13,000 raised for Pelotonia.
- Patientco achieves HFMA Peer Review designation.
- IDC MarketScape names Arcadia a leader in its population health management 2019 vendor assessment.
- On Notifications in FHIR (Audacious Inquiry)
- New Year, New Codes (Bluetree)
- Choose Your Future, Part 1: Wow Patients with AI (Bright.md)
- A Decade in Review with CarePort (CarePort Health)
- Top 10 challenges for health IT teams in 2020 (and the skills they can improve) (Spok)
- Letter by Vercillo Regarding Article, “Use, Temporal Trends, and Outcomes of Endovascular Therapy After Interhospital Transfer in the United States” (CentralLogic)
- 7 Cybersecurity Priorities for Healthcare in 2020 (CI Security)
- 5 Data Analytics Trends for 2020 (Dimensional Insight)