Weekly 3 things you should know
EHR Systems Correlate Directly With Physician Burnout Rates
As technology and the digitalization of the healthcare industry continue their rapid incline, physician burnout continues to grow as well. Burnout is one of the main culprits for pushing staff to retire early or even leave the profession entirely. This article entails a few key strategies that could prevent this burnout and hopefully create a cohesive work environment between physicians and EHR technology.
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Telehealth Technology May Fill The Void Of Physician Shortage
With the aging baby boomer population looming on the healthcare horizon, the industry predicts a physician shortage and believes that telehealth may be the answer. With technology such as video conferencing promoting the ability to connect with patients remotely, physicians could serve a wider range of patients from both a time and geography perspective.
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Big Name Companies To Watch As They Enter The Healthcare Arena
Well known names such as Amazon, Apple, CVS Health, Facebook, Google, IBM, Microsoft, Uber & Lyft are all looking to get their piece of the ever expanding healthcare market. With their robust experience and knowledge, it is no surprise that they would fit well into an industry in desperate need of streamlined approaches to difficult problems.
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BlueNovo Volunteers at Maryland Food Bank
Team Bluenovo unpacked and sorted food donations at the Baltimore, MD location for the Maryland Food Bank on June 23rd, 2018.
The MD Food Bank distributes more than 41 million meals annually through their network of 1,250 distribution partners across the state and Bluenovo’s participation helped to support over 682,000 hungry individuals and families in Maryland. We were proud to support @MdFoodBank to #FightHungerMD!
BlueNovo Volunteers at Martha’s Table
BlueNovo volunteered with the McKenna’s Wagon program of Martha’s Table in downtown DC the evening of December 11th, 2017 and distributed free hot meals from their mobile food truck
McKenna’s Wagon, Martha’s Table’s mobile food truck, rolls out 7 days a week, 365 days a year to feed hundreds of homeless and hungry residents at three established downtown locations. Volunteers stop at various locations and serve hot, fresh meals, as well as sandwiches, homemade muffins, fruit, and refreshments.
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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