Morning Headlines 5/8/13

McKesson 4th-Quarter Net Down 50% Amid Lower Revenue, Higher Costs

McKesson reports a fourth quarter profit of $259 million, down from $521 million a year earlier. Revenue was down 3.4 percent, missing analysts’ expectations. The technology solutions sector saw revenue increase 6.2 percent over the year, with a gross annual revenue of $913 million. Stock ended flat on the day and was up 1.5 percent in after hours trading.

A Bold New Vision for Meditech

John Halamka, MD, CIO of BIDMC, reports his initial impression of plans for Meditech 6.1 which he says will be a cloud-hosted system based on standards, Web-centric and mobile-enabled, with both inpatient and outpatient capabilities, complete with analytics, a PHR, and care management tools.

The discriminatory cost of ICD-10-CM transition between clinical specialties: metrics, case study, and mitigating tools

A study published in JAMIA finds that transitioning to ICD-10 will be difficult and disproportionately costly to specialists. The study found that only 60 percent of ICD-9 codes have a direct ICD-10 equivalent, while the other 40 percent will require clarification.

UCSF Creates Center for Digital Health Innovation, Names Director to Lead It

UC San Francisco will create a Center for Digital Health Innovation to lead the institution away from "disease-based treatment approaches" and toward "individualized precision medicine." The new Center will be run by UCSF Medical Center CMIO Michael Blum, MD.

Raleigh clinic says X-rays were stolen, may have included patient information

A Raleigh, NC clinic alerts patients that X-rays were stolen and patient information may have been compromised when a sham scanning and archiving company stole the x-rays for their silver content and then disappeared.