When it comes to healthcare financial and payment matters, value-based care, and policy here is what is being reported and talked about. For more on Healthcare CFOs read our previous reports and to keep your finger on the business news pulse, check out our latest Health IT Business News.
In the News
Cerner COO Mike Nill is Latest Executive to Step Down from Kansas City Firm
Microsoft News reports Cerner (@Cerner) Chief Opearting Officer Mike Nill plans to retire at the beginning of next year, according to a Friday filing with the Securities and Exchange Commission.
WMH Announces 35 Layoffs, Reduction of Services
Williamson Daily News reports Williamson Memorial Hospital announced via news release late Thursday afternoon the layoff of 35 employees and the closure of Williamson Family Care and Williamson Medical Specialties clinics.
To Listen
Payment Matters: Host Jeff Lin is joined by Dave Terry, CEO and Founder of Archway Health, they discuss alternative payment models and bundled payment programs in healthcare and how they can impact both providers and patients.
Finance
Fitbit to Be Acquired by Google
Fitbit, Inc. (@fitbit) announced that it has entered into a definitive agreement to be acquired by Google LLC for $7.35 per share in cash, valuing the company at a fully diluted equity value of approximately $2.1 billion.
eSolutions Acquires Medidal, Solidifying Position in Hospital Revenue Recovery
eSolutions (@eSolutions_Inc_), a healthcare technology company working to strengthen providers’ revenue health, announced that it has acquired Medidal, a premier provider of Transfer DRG, Payer Search, and Pharmacy Reimbursement solutions.
Amazon Acquires Start-up Health Navigator, its First Health-related Purchase since PillPack
According to CNBC Amazon has just made its second acquisition in the health-care space, snapping up a start-up called Health Navigator, which provides technology and services to digital health companies.
Medecision Acquires Health Delivery System Transformation Pioneer GSI Health
Medecision (@MEDecision), an integrated health management solutions provider that supports the health and care of more than 50 million consumers nationwide, has acquired Philadelphia-based GSI Health, a SaaS provider of workflow, engagement and compliance solutions and related services. The GSI Health platform is used by some of the nation’s leading health systems to coordinate and optimize value-based care for more than one million beneficiaries, often operating under Delivery System Reform Incentive Payment (DSRIP) programs. Its clients include the largest public hospital system in the country and the largest Medicaid health plan in Oregon.
HMS Reports Third Quarter 2019 Financial Results
HMS Holdings Corp. (@hmshealthcare) announced financial results for the third quarter ended September 30, 2019.
UnitedHealth, an Insurance Giant, Just Scooped up Patient Monitoring Start-up Vivify Health
CNBC reports UnitedHealth Group’s Optum division has acquired patient-monitoring start-up Vivify Health (@VivifyHealth), according to two people familiar with the deal.
Premier Inc. Acquires Medpricer to Optimize Savings in Purchased Services
Premier Inc. (@PremierHA), a healthcare improvement company, has acquired Medpricer, one of the nation’s leading technology-based solutions, to optimize healthcare provider savings across purchased services contracts.
Policy
CMS Announces Final Rules for Calendar Year (CY) 2020 Medicare Payment Rates
CMS finalized major policy changes that implement key provisions of President Trump’s Executive Order on Protecting and Improving Medicare for Our Nation’s Seniors that will reduce clinical burden, ensure appropriate payment for clinicians, and enable them to provide their patients with high quality care. This final rule builds on the Trump Administration’s and CMS’s efforts to secure and improve Medicare and establish a patient-driven healthcare system that focuses on improving health outcomes. It is projected to save $2.3 million hours in burden reduction per year.