Weekly 3 things you should know

EHR Market Is Evolving As Health IT Companies Make Big Changes

Through large investments, new partnerships and continues innovations, the EHR Market has definitely seen a huge growth spurt. Allscripts has acquired several smaller EHR companies, athenahealth is still holding its ground against potential acquisitions, Cerner is continuing to expand into the public sector through securing huge deal with VA, and prominent tech giants such as Apple, Google & Amazon are all looking to move onto the Health IT landscape. With the year only half way through, the EHR Market is positioned to continue this rapid advancement.
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Data Breaches To Healthcare Are At Highest Cost Rate Of Any Industry

Exposing private data isn’t the only concern a data breach to the healthcare industry entails. According to the IBM & Ponemon Institute 2018 Cost of a Data Breach Report, healthcare data breaches average $408 per record, which is nearly 3 times higher than any other industry. This high cost factor is attributed to recovery & investigations, notifications of breach, legal aid and, most costly, lost business and reputation.
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CMS Presents New Program To Promote Telehealth For Medicare Patients

CMS is looking to modernize Medicare through their latest program, which incentivizes providers to utilize mobile health technology through reimbursement. Under the proposal, CMS will cover virtual check-in services and remote evaluation, allowing patient concerns to be resolved in a convenient and timely manner & providers to spend more time with patients.
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Weekly 3 things you should know

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.
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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.
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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.
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Weekly 3 things you should know

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.
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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.
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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.
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See how BlueNovo can help you with implementation & optimization here

Weekly 3 things you should know

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.
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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.
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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.
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Weekly 3 things you should know

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?
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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.
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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.
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Weekly 3 things you should know

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.
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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.
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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.
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