Morning Headlines 3/18/14
Castlight Health Soars in Stock Market Debut
Castlight Health’s stock price climbed 149 percent during its Friday IPO. The company was seeking a $1.4 billion valuation, but closed its first day of trading at $3 billion. Some are calling the IPO evidence of a tech bubble because Castlight ended 2013 with only $13 million in revenue and a net loss for the year of $62 million, yet was still valued as a billion dollar company.
VA Is Competing For The Pentagon’s Electronic Health Record Contract
The VA will enter its newly revamped VistA EHR platform into the competition to be the DoD’s next EHR.
Form 8-K for ACCRETIVE HEALTH, INC.
Accretive Health has been delisted from the NYSE after failing to file restated financial reports from 2012.
Hospital database hacked, patient info vulnerable
Valley View Hospital (CO) discovers that a computer virus within its network has been taking screenshots of sensitive patient information, including social security numbers and credit card numbers, and saving them in a hidden folder on one of its servers. The virus went undetected for three months and captured information on 5,400 patients.
Fun framing using Seinfeld. Though in a piece about disrupting healthcare, it’s a little striking that patients, clinicians, and measurable…