Activist investor Starboard Value takes an undisclosed stake in CVS Health and enters into “amicable” talks with its management. Like Walgreens, CVS is suffering from the threat of retailers like Amazon and Walmart encroaching on its retail pharmacy and clinic space. Both Walgreens and CVS have and plan to close underperforming locations within the next year.
Starboard made news earlier this year when it took several seats on Cerner’s board. The Financial Times reported in April that though Paul Singer’s Elliott Management (of Athenahealth takeover infamy) manages more money, Starboard has become a more prolific activist investor.
December 10 (Tuesday) 1:00 ET. “Move on from the age of the inefficient EHR.” Sponsor: Intelligent Medical Objects. Presenters: Jim Thompson, MD, physician informaticist, IMO; Obaid Baig, product manager, IMO. The EHR seems more like transactional workflow system rather than an intuitive clinical documentation tool, creating the possibility of loss of data consistency and the need for manual workarounds. The presenters will describe how to turn an EHR into a powerful tool that can help improve workflows and documentation so that clinicians can focus on care, not coding and reimbursement.
Acquisitions, Funding, Business, and Stock
Virtual chronic care management company Orb Health opens new headquarters in Richardson, TX.
Provider scheduling and clinical workforce management software company Qgenda will relocate 300 Atlanta-based employees to expanded office space in Buckhead.
The local paper profiles the journey of seven physicians who have broken away from CaroMont Health in North Carolina and now work for themselves as part of the newly formed Gaston Medical Partners, which will officially open for business on December 2. Brian Wysong, MD says the GMP physicians were tired of the hospital’s bureaucracy, and lack of control when it came to office management. Tryon Medical Partners, another local practice made up of physicians who’ve broken away from a major health system, will provide GMP with practice management services including IT. Wysong says the long-term goal, once legal challenges with CaroMont are resolved, are to join Tryon.
Announcements and Implementations
ISalus Healthcare integrates prescription price transparency and electronic prior authorization solutions from CoverMyMeds with its EHR and practice management software.
Nextech adds RCM capabilities from Encoda to its practice management software for specialty practices.
Volunteers in Medicine Clinic of the Cascades (OR) will use a $33,000 grant from the Coverys Community Healthcare Foundation to implement Epic.
Healthmonix integrates ChartSpan’s chronic care management services with its analytics and MIPS reporting capabilities.
PatientPop hires Nick Bellomo (Tastemade) as CFO.
Medicare care management and patient engagement company MD Revolution promotes Kyle Williams to CEO upon its acquisition of competitor Falcon Care.
MeMD expands its line of urgent care telemedicine services to include care specific to men and women, including erectile dysfunction, menopause, hair loss, and smoking cessation.
- Nordic staff volunteer at The River Food Pantry and donate gifts for 65 local children.
- Webinar recap: Testing and training best practices for Epic quarterly upgrades (Nordic)
- We’re taking Evo on the road (AdvancedMD)
- 3 Tools That Could Keep Your Patients Engaged (EClinicalWorks)
More news: HIStalk.