Merry Christmas and a Happy New Year to the HIStalk crowd. I wish you the joys of the season!
Morning Headlines 11/3/17
Allscripts announces third quarter 2017 results
Allscripts reports Q3 results: revenue increased 15 percent to $449 million, adjusted EPS –$0.16 vs. –$0.06.
Leidos Holdings, Inc. Reports Third Quarter Fiscal Year 2017 Results
Leidos reports Q3 results: revenue up 34 percent to $2.5 billion, adjusted EPS $0.95 vs. $1.25, beating on earnings but missing on revenue.
CPSI Welcomes Back Two Returning Community Hospitals
Seiling Municipal Hospital (OK) and El Campo Memorial Hospital (TX) both announce that they will return to CPSI after contracting with unnamed CPSI competitors. Seiling Municipal Hospital was recently profiled by Athenahealth as strong users of its cloud-based acute care EHR.
Hospitals sue CMS over 340B drug changes
AHA and two other hospital lobbying groups sue CMS after the agency published a final rule that will drastically cut funding for the 340B discount drug program. The program was originally introduced to help underfunded hospitals buy drugs for low-income patients, but hospitals have monetized the program to maximize their profits.
In response to comment on Seiling Municipal Hospital and the value that athenahealth has brought to the hospital, see here for CEO quote provided yesterday 11/2:
“Working with athenahealth over the past year has been invaluable to the financial state of Seiling Municipal Hospital. They have helped us gain access to untapped sources of data and increase our revenue by more than 10 percent. Based on my experience, athenahealth has proven to be a trusted partner that not only helped us identify and fill critical gaps, but also to scale for future profitability.” – Jennifer Coons, CEO/Adminstrator, Seiling Municipal Hospital
If the CEO is happy, why make the switch back to CPSI?
According to the press release, they brought in a management company that must have disagreed with the CEO. It’s still strange though.