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May 16, 2012 News 2 Comments

Emdeon reports its Q1 results: revenue of $286 million, up 5.4%; net loss of $17.3 million versus profits of $7.3 million a year ago. The company attributes the loss primarily to costs associated with taking the company private when PE firm Blackstone Group purchased Emdeon last year in a $3 billion deal.

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Kareo releases enterprise-grade claim scrubbing technology that checks for claim errors in real time as billers enter procedure and diagnosis codes.

The MGMA-ACMPE asks HHS to consider a six-month extension on the June 30 deadline for submitting hardship exemption requests to avoid 2013 e-prescribing penalties. The organization says practices need more time to assess their success in reporting for the first several months of 2012, when many practices were facing claim rejection problems associated with the 5010 transition. MGMA-ACMPE also requests the creation of an appeals process to contest past and future CMS prescribing award, penalty, and exemption decisions.

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EMR provider Practice Velocity names Carol R. Parks, MD its EMR physician specialist.

3M Health Information Systems announces it will provide open access to its Data Dictionary under an agreement with the DoD and VA. The DoD/VA are integrating 3M’s technology into its joint EHR; the terms of 3M’s agreement requires the company make the Data Dictionary software and terminology content openly available to physician practices and other providers.

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The Trizetto Group announces that its subsidiary Gateway EDI has acquired NHXS, a provider of contract compliance and point-of-service adjudication workflow automation. Gateway will incorporate NHXS’s capabilities into its EDI and RCM offerings.

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The Tampa Business Journal profiles Vitera Healthcare, formerly Sage, which was purchased by Vista Equity Partners last year.  CEO Matthew Hawkins admits the company laid off a number of workers earlier this year (on the lower end range of 120 to 300) but plans to hire 50 to 100 new employees over the next six months, including individuals with technical and clinical experience. Hawkins also says Vitera will invest $25 million this year to develop a cloud-based version of its software, a native iPad app for Intergy, and a Web-based tool for physician-patient communications.

5-16-2012 3-32-54 PM

Austin Diagnostic Clinic (TX) goes lives on PatientKeeper Charge Capture for its 120 physicians.

Pacific Cataract and Laser Institute (WA) says its use of NextGen’s NextPen solution has allowed the practice to streamline its new patient registration process. The NextPen solution, which is based on Anoto Digital Pen and Paper technology, uses a digital pen to capture patient data for upload into the NextGen Ambulatory EHR.

Farzad Mostashari announces that ONC will add a chief medical officer to “infuse a clinical perspective” on all ONC activities with clinical implications, including safety, usability, clinical decision support, MU policy developing, and quality. Jacob Reider MD, who currently serves as a senior policy advisor for the ONC, will serve as acting CMO until a permanent placement is made.

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Mostashari, by the way, along with former CMS administrator Donald Berwick, MD and others, co-author a guide for physicians on the EHR incentive program. Berwick notes that even though more than 30,000 clinicians have qualified for incentives, many others are unaware of how to prove they are meaningful users of EHR.

5-16-2012 2-50-12 PM

Medical billing company Fi-Med Management announces it will add 145 employees over the next three years as it expands operations. Fi-Med says it has secured preliminary approval from the Wisconsin Economic Development Corp. for a $750,000 loan to finance a new Web-based application to manage physicians’ billing activity.

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Comments 2
  • Vitera– Mr. Hawkins appears to be on the classic “New CEO 2 year plan”–make all the changes year 1 and then if you don’t show positive results in year 2 bring in another New CEO. Problem is the cloud/iPad/ new product develeopment plan is too late…they are going to miss the market and their user base is rapidly erroding. The customer base has seen to many “2 year plan” CEOs to believe this one will bring anything different and they are not sticking around to see what Mr Hawkins comes up with.

  • So why does ONC need a chief medical officer if Mostashari, and Blumenthal before him, are both MDs? There are also several people with clinical backgrounds on the various committees. What’s the point of another physician bureaucrat as chief medical officer in that setting?

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