Morning Headlines 2/6/17

Advisory Board Said to Interview Banks About Possible Sale

The Advisory Board Company is considering strategic options, including a sale of the company, after disclosing that an activist investor has secured an 8.3 percent stake in the company.

Athenahealth (ATHN) Q4 2016 Results – Earnings Call Transcript

During its earnings call, Athenahealth CFO Karl Stubelis addressed the Q4 revenue miss that led to a 14 percent drop in share prices on Friday, and reported that the company closed 52 deals with hospitals and health systems in 2016.

What’s a serial entrepreneur to do when the world is topsy-turvy?

Crain’s Chicago Business profiles Glen Tullman.

ESPN’s Jason Pierre-Paul Statement

ESPN settles a lawsuit brought by New York Giants defensive end Jason Pierre-Paul after ESPN published images from his medical record confirming that he lost his finger after a fireworks accident.

Morning Headlines 2/3/17

Lack of timely action risks security and costs money

HHS announces a $3.2 million penalty against Children’s Medical Center of Dallas (TX) following two separate PHI breaches, one stemming from a stolen laptop and another stemming from a lost blackberry, both were unencrypted.

Jupiter Medical Center Implements Revolutionary Watson for Oncology to Help Oncologists Make Data-Driven Cancer Treatment Decisions

Jupiter Medical Center (FL) becomes the first community hospital to implement IBM Watson’s oncology clinical decision support software.

Meditech: Form 10-K

Meditech reports Q4 and FY16 results: revenue dropped 2.8 percent to $462 million. Net income climbed four percent to $73 million, EPS $0.62 vs. $0.52.

Athenahealth, Inc. Profit Advances 40% In Q4

Athenahealth reports Q4 results: revenue up 12 percent to $288 million, adjusted EPS $0.62 vs. $0.45, a 40 percent year-over-year earnings growth.

Morning Headlines 2/2/17

Republican senators say fixing individual market should be first step in ACA repeal

Senate HELP committee chairman Lamar Alexander (R-TN) suggests that stabilizing the individual marketplaces should come before efforts to reform Medicaid or roll back expansion.

Rep. Tom Price Got Privileged, Discounted Offer on Biomedical Stock, Company Says

The Wall Street Journal reports that Tom Price, President Trump’s nominee to run HHS, was offered a privileged opportunity to buy stock in a biomedical company at a special discount, despite confirmation hearing testimony to the contrary.

This polymer pill could soon drip feed drugs into your body for weeks

Biomedical engineer and MIT professor Robert Langer, recognized as the most-cited engineer in history, invents a long-acting pill that would release a steady dose of a drug for weeks.

Morning Headlines 2/1/17

Governor McAuliffe Announces Grant to Help Doctors Identify Potential Opioid Abuse

Virginia Governor Terry McAuliffe announces that the state has received a $3.1 million grant from OxyContin manufacturer Purdue Pharma to help it integrate its prescription monitoring program with the EHRs of local providers.

King’s College Hospital London Selects Cerner’s Clinical and Financial Management System

In England, King’s College Hospital NHS Foundation Trust selects Cerner as the EHR vendor for the 100-bed hospital it is building in Dubai.

After meeting with pharma lobbyists, Trump drops promise to negotiate drug prices

Vox reports that pharmaceutical executives have persuaded President Trump to drop his call for Medicare to begin negotiating lower drug prices, opting instead for a plan that includes lowering drug company taxes and reducing regulations.

Beth Israel, Lahey health systems agree to pursue merger

In Massachusetts, Lahey Health and Beth Israel Deaconess Medical Center announce merger plans. The combined organization would include eight hospitals, 29,000 employees, and $4.5 billion in annual revenue.

Morning Headlines 1/31/17

Copy Fees and Limitation of Patients’ Access to Their Own Medical Records

A JAMA article addresses the continued problems patients are experiencing when requesting a copy of their medical records, despite the widespread use of EHRs that should minimize the burden and cost of fulfilling these requests.

Fitbit Cutting 6% of Workforce as Results Miss Estimates

Fitbit reports that it  will miss Q4 revenue estimates by a wide margin, citing declining demand for fitness trackers. The company announces that it will eliminate 110 jobs to reduce costs. Share prices fell 16 percent on the news.

Kaiser Permanente faces $2.5M-plus in penalties for Medi-Cal data shortfall

Kaiser Permanente faces $2.5 million in penalties for failing to supply California regulators with properly formatted claims data from its Medicaid managed-care plans. The issue was originally raised in 2016, and a corrective action plan was agreed upon that gave Kaiser until January 1, 2017 to reformat and resubmit its data, but corrected claims were never resubmitted.

Can Big Data Help Cancer Patients Avoid ER Visits?

Penn Medicine using big data to try and forecast when lung cancer patients will end up in the emergency room. Current algorithms are reportedly able to predict one-third of these ER visits, at which point patients can be called and scheduled for a clinic visit.

Morning Headlines 1/30/17

Obamacare Architect Says Silicon Valley Tech Won’t Steer Health Care

ACA architect Ezekiel Emanuel, MD, PhD laughs at the idea that Silicon Valley data gurus will ever replace doctors, saying “I am much more skeptical that the computer is going to replace a doctor. That a computer is going to interface with the patient and take care of them. Not gonna happen.” He is also unimpressed with wearables, saying that continuous monitoring generates data that the healthcare industry is not prepared to take action on.

2017 Top Black Book Electronic Health Records (EHR) Systems Announced for Oncology and Hematology

Black Book names McKesson’s iKnowMedSM as the top performer in its oncology EHR customer satisfaction survey for the sixth year in a row.

Hospital scammed for employee information

A hospital employee sends the W-2s of 1,400 employees at Campbell County Health (WY) to a hacker that posed as a hospital executive and asked for the forms to be emailed to him.

Veritas Capital Agrees to Acquire Government IT Services Business from Harris Corporation

Private Equity firm Veritas Capital will acquire the government IT service business of Harris Corporation for $690 million in cash.

Morning Headlines 1/27/17

CoverMyMeds Signs Definitive Agreement to be Acquired by McKesson

McKesson will acquire prescription electronic prior authorization vendor CoverMyMeds for $1.1 billion, plus an additional $300 million in financial performance incentives that would be paid out over the next two years.

Quality Systems, Inc. Reports Fiscal 2017 Third Quarter Results

Quality Systems, parent company to NextGen, reports Q3 results: revenue climbed 9 percent to $130 million, adjusted EPS $0.23 vs. $0.16.

Former HHS Secretary Burwell Is American University’s Next President

Sylvia Burwell will take over as the next president of American University in Washington DC, effective June 1, 2017.

If You Look at X-Rays or Moles for a Living, AI Is Coming for Your Job

Wired covers the expanding role AI will play in healthcare, noting a recent Nature study that tested the accuracy of deep learning algorithms designed to analyze images and identifying cancerous skin lesions and found that they performed as well as 21-board certified dermatologists.

Morning Headlines 1/26/17

Blame Technology, Not Longer Life Spans, for Health Spending Increases

Health economist Austin Frakt pushes back against a CBO conclusion that health spending is increasing due in large part to population aging, suggesting instead that healthcare technology changes are responsible for between one-third and two-thirds of per capita health care spending growth.

Proportion and Cost of Unplanned 30-Day Readmissions After Sepsis Compared With Other Medical Conditions

A JAMA study concludes that readmission-related costs were higher for unplanned sepsis readmissions than any of the conditions included in the Hospital Readmission Reduction Program.

VA health IT platform champion is gone, but project could survive

Despite the January 20 departure of VA CIO LaVerne Council, the Digital Health Platform project may still have a champion in David Shulkin, MD, President Trump’s nominee for VA Secretary and an early supporter of the Digital Health Platform project.

Morning Headlines 1/25/17

DirectTrust Reports Record Growth in Direct Transactions, Number of Direct Exchange Addresses and Users

DirectTrust reports that there were 98 million messages exchanged across its network in 2016, while the number of addresses capable of exchanging PHI increased 24 percent and the number of healthcare organizations connected to the network grew 36 percent.

£7m EPR costs blowout predicted after delay

In England, delays implementing Cerner Millennium at Calderdale and Huddersfield NHS Foundation Trust are expected to drive the project’s total cost from $6 million to $15 million.

GetWellNetwork Acquires Seamless Medical Systems, Extends Reach to More Than 150 Clinics

Patient engagement software vendor GetWellNetwork acquires Seamless Medical Systems, the developers of a patient check-in and waiting room app that claims to reduce door-to-door time by 40 percent.

Federal Debt Projected to Grow by Nearly $10 Trillion Over Next Decade

A Congressional Budget Office report says that while the economy is on solid ground and increasing job growth is expected, the deficit is projected to swell, adding $10 trillion in new federal debt over the next 10 years.

Morning Headlines 1/24/17

Judge Blocks Aetna’s $37 Billion Deal for Humana

A federal judge has sided with the Justice Department in blocking the proposed $37 billion merger between Aetna and Humana on antitrust grounds.

Cybersecurity Framework Draft Version 1.1

NIST releases a draft update to its Framework for Improving Critical Infrastructure Cybersecurity.

Drug industry unveils massive new campaign to counter criticism

A pharma industry lobbying group has launched a new ad campaign designed to move the industry past recent price gouging stories that have consumed media attention recently. The lobbying group’s president backhandedly calls out Martin Shkreli in describing the campaign as an effort to portray  “Less hoodie, more lab coats” . In response, Shkreli publishes a list of price gouging activities that the pharmaceutical companies funding the campaign have engaged in.

Next Generation ACO Model

CMS reports that 45 ACOs are now participating in its Next Generation model.

Morning Headlines 1/23/17

Full text: Trump’s executive order on Obamacare

Following through on campaign trail promises, President Trump signs an executive order calling for HHS to “waive, defer, grant exemptions from, or delay the implementation of any provision or requirement of the Act that would impose a fiscal burden” on providers, insurers, patients, or States.

Trump Executive Order On ACA: What It Won’t Do, What It Might Do, And When

Health Affairs’ Tim Jost weighs in on the impact President Trump’s executive order is expected to have.

HHS Acting Secretary Norris Cochran

HHS Acting Secretary and former National Coordinator Karen DeSalvo quietly leaves her position with the administration transition.

Morning Headlines 1/20/17

Tim Draper keeps defending Theranos

Despite exhaustive examples of corporate irresponsibility and ineptitude, early Theranos investor Tim Draper continues to defend the company, calling the unrelenting bad press a conspiracy to take down Elizabeth Holmes.

The Final Days of Obama’s Tech Surge

As the Obama administration winds down, speculation over the future of the United States Digital Service mounts. The group, made up of high-profile Silicon Valley tech minds, was launched to rescue Healthcare.gov and help transform the government with technology.

CBO Scoring: The Issue Is Not How It’s Done, But How It’s Used

Health Affairs explains the role of the Congressional Budget Office in the overall legislative process, and outlines CBO cost estimates associated with repealing ACA. The article also notes that House rules were recently passed that contain a provision forbidding the CBO from generating long-term estimates on the impact of repealing ACA.

HIMSS Media Lab is Launched to Lift Audience Engagement and Revenue

HIMSS acknowledges that it will begin selling member data to support vendor sales efforts, explaining “We’re leveraging the HIMSS database of over one million health and technology experts…This enables us to identify the emotional and business triggers…and that’s really the key to understanding buying intent.”

Morning Headlines 1/19/17

CMS announces extension of 2016 reporting deadline and intends to modify 2017 requirements

CMS notifies eligible hospitals participating in Meaningful Use that the deadline for submitting eCQM data for the 2016 reporting period has been moved from February 28 to March 13 and reports that additional changes are being considered to further ease reporting burdens.

Using the Electronic Health Record to Understand and Minimize Overuse

A JAMA article suggests that EHRs will deliver value by helping identify and minimize unnecessary, low-value care which the authors say accounts for “substantial health care expenditures and may cause harm.”

Theranos just made another major leadership change

Just prior to news broke that Theranos failed a second CMS inspection at one of its blood testing labs, the company announced a new advisory board that will focus on technology.

Trump HHS pick Tom Price faces Senate questioning on Obamacare, stock buys

Representative Tom Price, MD, President-elect Trumps pick to lead HHS, faces questions before the Senate HELP committee.

Morning Headlines 1/18/17

How Repealing Portions of the Affordable Care Act Would Affect Health Insurance Coverage and Premiums

The Congressional Budget Office publishes its predictions on the impact ACA’s repeal will have, concluding that premiums will spike and the number of people who are uninsured would increase by 18 million in the first coverage year following the repeal.

Second Theranos Lab Failed U.S. Inspection

Theranos fails an inspection of its Scottsdale, AZ blood testing lab but fails to disclose this information to its investors.

Introducing IMEDS, a Public-Private Resource for Evidence Generation

The FDA launches the Innovation in Medical Evidence Development and Surveillance System, or IMEDS, which will make the FDA’s Sentinel System data and analytics tools available to private researchers.

The Heroism of Incremental Care

In a New Yorker op-ed, Atul Gawande, MD compares the incremental approach primary care providers take in managing conditions with the one-and-done approaches surgeons prefer, conceding that primary care may be doing more good in the long run.

US insurers get inside cars, mouths, grocery carts in profit search

Reuters covers the use of data mining by health insurers to help price policies and target profitable customers more effectively.

Morning Headlines 1/17/17

Trump Is Considering Another Thiel Associate to Lead FDA

President-elect Trump is reportedly considering Silicon Valley executive Balaji Srinivasan to lead the FDA. Srinivasan has no medical background, but earned consideration because he is a Peter Thiel associate.

Survey Snapshot: What Patient Engagement Technology Is Good For

A recent NEJM Catalyst survey on patient engagement tools finds that providers are excited about the potential benefits associated with new technologies, but do not know which ones to recommend.

You can now book workout classes directly from Google

Google partners with digital health startup MindBody to let users search for, book, and pay for exercises and wellness classes from within Google’s search results.

Why Regulating AI Is A Mistake

Following the recent death of a passenger who was driving in an auto-piloted Tesla, AI experts weigh in on the pros and cons of regulating the use of artificial intelligence.

Morning Headlines 1/16/17

Justices Will Hear Challenges to Mandatory Employee Arbitration

The Supreme Court agrees to hear a case brought by Epic and two other corporations seeking clarification on the use of arbitration clauses in employment agreements that prohibit employees from banding together to take legal action over workplace issues.

Hospital closes systems after IT attack

In England, Barts Health NHS Trust shuts down several of its IT systems after suffering a “non-ransomware” cyberattack.

The Biggest Changes Obamacare Made, and Those That May Disappear

The New York Times offers point-by-point analysis of the real impact of repealing ACA and outlines possible replacement legislation.

Rudeness and Medical Team Performance

Researchers in Israel finds that when nurses are scolded by rude patients, their performance decreases across all measured clinical quality categories for not only that patient, but all of their patients. Preventative cognitive bias modification programs were shown to help neutralize the impact rudeness has on performance.

Morning Headlines 1/13/17

Merger May Revitalize California’s Flagging Effort To Pool Medical Records

The nonprofit HIE California Integrated Data Exchange will merge with Inland Empire Health HIE, creating an exchange with the medical records of 16.7 million people.

Obamacare is one step closer to repeal after Senate advances budget resolution

The Senate approves a budget resolution that begins the process of repealing ACA.

Arizona Plans to Sue Blood-Testing Company Theranos

The Arizona Attorney General is seeking outside legal counsel as it prepares to sue Theranos, alleging that it defrauded consumers in the state.

HealthTap launches Dr. A.I.— Meet your new, personal AI-powered physician

HealthTap launches an artificial intelligence-powered online symptom checker that “helps route users to doctor-recommended insights and care.”