Business Management

This Race May Just be Getting Started

August 9, 2013     Gabriel Perna
blog
One of the most exciting moments in sports is in horse racing, when a horse makes a fantastic surge towards the end providing a photo finish. In a crowded EHR vendor market, is one vendor making a turnaround that could provide similar intrigue?

Merge Healthcare CEO Resigns Following Poor Second Quarter Sales

August 9, 2013     Rajiv Leventhal
news
Merge Healthcare, the Chicago-based provider of clinical systems, has announced that its CEO, Jeffery Surges, has resigned following a disappointing financial performance in its second quarter.

Healthcare IT Outsourcing Market Worth $50.4 Billion by 2018, Report Says

August 8, 2013     Rajiv Leventhal
news
The global healthcare IT outsourcing market is forecast to grow at a compound annual growth rate (CAGR) of 7.6 percent, to reach $50.4 billion by 2018, up from $35 billion in 2013, according to a new RnR Market Research report.

Survey: Budget Constraints, Skill Preventing Analytics Support at Healthcare Orgs

August 7, 2013     Rajiv Leventhal
news
Budget constraints and skill set gaps are the main challenges that prevent healthcare organizations from being able to support dedicated analytics and business intelligence teams, according to a new survey from CIC Advisory, a clinician-led healthcare informatics consulting firm.

HRSA Grants $3M to Health Centers for Health IT Implementation

August 5, 2013     Rajiv Leventhal
news
The Health Resources and Services Administration (HRSA) has granted $3 million to six health center networks to improve the quality of care through implementation and adoption of health information technology.

Foundations Launch $2M Innovation Challenge to Harness Health Data

August 5, 2013     Rajiv Leventhal
news
The Knight Foundation, a Miami, Fla.-based media corporation, is teaming up with four big-name health collaborators to launch a health innovation challenge, offering $2 million for innovative use of health data.

Leapfrog Group Launches Tool to Calculate Hospital Error Costs

July 29, 2013     Rajiv Leventhal
news
The Leapfrog Group, a Washington, D.C.-based healthcare-purchaser organization focused on patient safety and value, has launched a new online tool that allows purchasers to calculate how much they spend annually on unnecessary costs due to medical errors that occur within general acute care hospitals.

4 Things to Consider When Considering a Career Change

July 26, 2013     Tim Tolan
article
The allure of having multiple organizations compete for your services is both exciting and flattering at the same time. But make no mistake—courting two companies as you look for your next big move can also be a bit dicey. Sure, we all want to believe that our market value is so high that multiple suitors should be bidding against one another to entice us to join their organization.

Will Health IT VC Funding Ever Slow Down? Expert Weighs in

July 26, 2013     Gabriel Perna
article
The growth of VC funding in health IT has grown momentously since 2011, says Raj Prabhu, the CEO of the Austin, Texas-based market intelligence firm, Mercom Capital Group. In this Q&A, Prabhu explains why this is, what kinds of technologies venture capitalists are funding, and if the bubble of health IT VC funding will ever burst.

Talking Medical Costs? Trust in Physicians is Key

July 25, 2013     John DeGaspari
news
Strong relationships with physicians, particularly those that are long standing, are likely to increase patients' openness to talk about health care costs when decisions are being made about their treatment options, according to a study from the National Institutes of Health. Rushed visits with insufficient time to talk about important issues can undermine efforts to bring sensitive topics like costs into the doctor-patient relationship and can be counter-productive. The work appears online in the Journal of General Medicine.

CIOs Beef Up Their RCM Operations in the Post-Reform World

July 25, 2013     Rajiv Leventhal
article
With a perfect storm of lower Medicare and Medicaid reimbursements and the specter additional budgetary cuts from Congress, even automated RCM systems are not up to snuff. How are hospitals, medical groups and integrated health systems preparing for new models of care delivery and reimbursement?

Physicians Reveal Top Business Challenges, Cite Technology Concerns in New Survey

July 24, 2013     Rajiv Leventhal
news
Physicians in the U.S. have cited managing shifting reimbursement models with payers (91 percent), financial management (90 percent), and spending time with patients (88 percent) as the top three business challenges, according to a new survey from Wolters Kluwer Health, a global information services company.
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