Industry News

healthcare information technology
VA Requests $782M in Initial Funding for Cerner EHR

HealthData Management reports Department of Defense and Department of Veterans Affairs plan to create a common shared electronic health record system through the DoD’s current MHS GENESIS, which is run on the Cerner Millennium platform. The two organizations will share a data center located at Cerner’s Kansas City headquarters. The…

healthcare legal - regulatory
Premier Inc. Issues Statement on Marketplace Competition

Premier Inc. (NASDAQ:PINC), a leading healthcare improvement company, today issued the following statement in response to speculation that new market entrants will disrupt Premier and other companies that have group purchasing organizations (GPOs) serving the healthcare provider industry. There has been recent speculation that new market participants are contemplating entrance…

hospital outpatient procedures
Vizient Expands Membership Agreement with NorthShore University HealthSystem

Vizient Inc. today announced that NorthShore University HealthSystem, in Evanston, Ill., has expanded its membership agreement to include Vizient’s Clinical Data Base/Resource ManagerTM (CDB) analytics tools to guide performance improvement initiatives. By expanding its agreement with Vizient to include this analytics solution, NorthShore is augmenting its commitment to lowering health…

CVS Aetna merger acquisition
Geisinger Acquiring Scranton Physician Group

The Times-Tribune reports Geisinger Health System will acquire Professional Orthopaedic Associates, a physician-owned orthopedic specialty group in Scranton, PA, for $1.5 million, which includes all assets and equipment. The deal will be effective January 1, 2018 for Professional Orthopaedics Olive Street offices. The practice’s five physicians will become part of…

healthcare finances
Cardinal Health’s Earnings Down 51% in Q1 FY18

Becker’s ASC Review reports Cardinal Health’s quarterly financial report for the first quarter of fiscal year 2018 showed a net revenue of $32.6 billion, a two percent increase year over year. Cardinal Health’s operating earnings decreased 51 percent and its non-adjusted earnings decreased by nine percent for FY 2017, coming…

hospital outpatient procedures
Orchard Hospital (CA) Lays Off Employees

As reported by the Gridley Herald, Orchard Hospital is currently facing serious economic challenges and has been forced to implement immediate cost-cutting measures. Orchard Hospital had to find a solution to remain operational and cost cutting measures were implemented on October 27, 2017, and part of these measures involved a…

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