Athenahealth CEO Jonathan Bush Resigns
With athenahealth being thrown the curveball of needing to pursue a new CEO, they are considering multiple strategies to maintain the face of their company. A sale or merger are pretty tempting, and Elliott Management’s buyout offer is looking better than ever. Athenahealth has confirmed they are in talks with multiple parties about potential sale or merger, but they definitely need to have their shareholders, employees and clients on their minds as they work to move athenahealth forward as a company.
Ransomware Attacks Continue To Worry Healthcare Industry
Within the last year, one fourth of all cyber insurance claims received by AIG were for ransomware attacks. This number has only continued to go up over the years and AIG predicts this growth to continue. Companies need to take into account that ransomware attacks do not discriminate and they need to take action to protect their data before they become the next victim to something that could have been preventable.
EHR Market Trends for 2018
The EHR market is growing exponentially and is predicted to increase by $10 Billion within just 4 years. Emergent features and continued development of interoperable platforms are what will drive market growth as organizations look to be both progressive and efficient. EHR vendors must ensure they are taking healthcare needs into account while also safeguarding providers from being overburdened by new systems.
Athenahealth Still Weighing Acquisition Offer
As we enter June, athenahealth finally responded but still has not made a decision regarding the acquisition offer from Elliott. As seen in the letters from Elliott to athenahealth, shareholders support the acquisition as they are upset with past performance, Elliott believes their offer is fair and profitable to athenahealth, investors believe the sale to Elliott is viable and inevitable and the media projects that rejection of the offer would anger shareholders and endanger athenahealths survival. To read all letters from Elliott to athenahealth, follow the Read more link below.
EHR Initiatives Continue To Emerge
May was another busy month for hospitals and healthcare organizations as EHR implementations and interoperability growth continued. Big players such as Apple, athenahealth, Allscripts and Cerner have all made notable moves and, with the slower summer months coming, we hope to see continued rollouts and advancements.
Facilitating A Smooth EHR Transition
EHR systems are one of the key factors that keep a healthcare organization running smoothly. With user satisfaction being one of the greatest concerns, many organizations opt to replace their system with a new one to try to fit their needs better & keep providers happy. This transition effects many aspects of the organizations routine, making both EHR system selection and implementation company selection crucial decisions for overall success.
See how BlueNovo can help you with implementation & optimization here
Athenahealth Giving Elliott Acquisition The Cold Shoulder
It seems that athenahealth may not be interested in the nearly $7 Billion offer Elliott Management made to acquire them. Even though athenahealth had yet to make any response to the offer, Elliott believes there proposal is enticing and still holds hope for their engagement.
Health IT Is Key To Balancing Workload
In order to make healthcare staff happy, EHR system producers need to focus on aiding existing workflow instead of changing or complicating it. There needs to be a good balance between staying up to date with emerging health IT and making sure the technology that is implemented is necessary and functional for that particular environment.
Artificial Intelligence May Be Helping Hand EHR Users Need
In an environment rooted in experimentation and observation, Artificial Intelligence has found the perfect place to grow rapidly and expansively. Artificial Intelligence will help to fill the perpetual problem of time management, allowing for consistent data uploading, handling of grunt work and, most importantly, providing more patient care time with providers.
Social Factors And Their Influence On Healthcare
Social environments to which patients are exposed play a huge role in their health. There are studies that link these social determinants to health concerns, but there is nothing being done on the healthcare side to alleviate these issues. The question is, should it be the providers or insurance agency’s responsibility to address this problem for the patient?
Amazon Seeks HIPAA Compliance For Alexa
Delving deeper into their newly expanding healthcare venture, Amazon has put together a team of HIPAA compliance experts to work on bringing Alexa up to speed. They hope to allow Alexa to give medical advice, hopefully lessening patient intake as well as healthcare costs, while also avoiding HIPAA fines for non-compliance.
Healthcare Security: Will The Threat Ever End?
With the ever looming threat of an attack on healthcare data, and the sensitivity of that information, it’s no wonder cybersecurity is a huge priority for anyone in the healthcare industry. Preparing and preventing are the best ways to avoid a breach and the best way to evolve is to not repeat past mistakes. By studying past security attacks, we can better prevent future ones by armoring against those weak spots.
Palliative Care May Be The Answer To Caring For Our Elderly Population
In recognition of Older Americans Month, we chose to focus on how palliative care can truly change medical care for the elderly. Palliative care can begin at the time of diagnosis and continue while treatment happens whereas Hospice care only begins after treatment of the disease is stopped and the illness is deemed unsurvivable. Palliative care has been shown to reduce hospital stays and costs, while also reducing suffering for the elderly, making it enticing for both care facilities and providers to require and focus on in elderly care situations.
Town Hall Ventures Aims to Invest In The Underserved Through Healthcare
Town Hall Ventures is an investment firm dedicated to aiding healthcare companies in their mission of providing quality care at an affordable price. Town Hall Ventures has entered the ever expanding healthcare industry in a niche where innovation is seeing a huge and necessary shift in growth, and they hope to keep that growth moving upward.
Elliott Management Corporation Proposes To Acquire Athenahealth
As one of Athenahealth’s largest investors already, Elliott currently owns almost 9% of the common stock of Athenahealth, and they hope to make it 100%. They have put together an in-depth and temptingly thorough proposal of acquisition, making their offer very appealing.
Fortune 50 Companies Become Increasingly Involved In Healthcare Industry
As more Fortune 50 companies realize the potential of investment growth in the ever expanding healthcare industry market, their involvement in the healthcare sector has increased dramatically. As with any novel investment opportunity, Fortune 50 companies will need to act fast to outbid and outperform each other before all voids are filled.
Thirty Percent Of Practices To Replace Their Existing EHR System By 2021
A 2018 Black Book Survey shows that 30% of practices are unhappy with their current EHR systems and are looking to make a change. Healthcare providers only have limited amounts of time to see their patients and would rather not spend that dealing with a system that doesn’t function properly or efficiently. As a result, we may see a rise in customized EHR systems versus blanket systems that don’t allow for fine-tuning to the organizations needs.
CMS Releases 2018 Merit-based Incentive Payment System (MIPS) Participation Lookup Tool
CMS is required to provide an incentive program for health centers & clinicians to fuel healthcare growth and patient care level while reducing the cost of care for both patient and provider. Different levels of monetary motivators provided through this program entice practices to keep their standards at a high level in order to qualify.
Check your MIPS eligibility here
Read more about MIPS here