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Contributors: Douglas McIntyre Jon C. Ogg

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Friday, July 21, 2006

Health IT Update

Stock Tickers: EMED, MCK, HLTH, CERN, MDRX

I was reviewing some outstanding issues, and one of the contributors we use notified us of something that occurred this week. Because of waves of earnings reports, Bernanke, the stock market, stem cell veto, Israel, and other factors, this just didn't really seem to get picked up or even noticed this week.

Our political analyst contributor notified us that this week Congress did submit an approval list of healthcare providers that were certified under the attempts to decrease human errors in presriptions and medical record information that cause harm to patients. The Institute of Medicine released a report claiming that medication errors harm at least 1.5 million people and result in extra medical costs of $3.5 Billion every year. The study recommends the use of information technology as one solution to the problem and set a goal of having all prescriptions written electronically by 2010.

Here is a list of the approvals:

Conditional Pre-market Certification

  • Community Computer Service (MEDENT 16)
  • LSS Data Systems (Medical Practice Management (MPM)
    Client/Server 5.5 Service Release 2.1)

Here are the stocks affected:
MedcomSoft is part of MedCom USA (EMED-OTC)
McKesson (MCK)
General Electric (GE)
Emdeon (HLTH)
Cerner (CERN)
Allscripts (MDRX)

Key contributions and updated data from Tony Brush.

Jon C. Ogg
July 21, 2006

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