Tag Archives: Health Information Technology

Can non-MSSP ACOs qualify for Tax-Exempt Status?

The Internal Revenue Service (IRS) recently affirmed its decision to deny 501(c)(3) tax-exempt status to an accountable care organization (ACO) that did not participate in the Medicare Shared Savings Program (MSSP). The IRS initially denied the ACO’s request for tax exempt status in a determination letter dated August 25, 2014. While neither the determination letter […]

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Stolen Laptop Costs Research Institute Millions

The Feinstein Institute for Medical Research (Feinstein) recently agreed to pay, the U.S. Department of Health and Human Services, Office for Civil Rights (OCR), $3.9 million to settle allegations that Feinstein violated the HIPAA Privacy and Security Rules. This settlement confirms the OCR’s position that nonprofit research institutes are held to the same standards as […]

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HIT OR MISS?

VC firms have been funding, and M&A transactions should continue to increase in the health information technology (HIT) sector

“We are gearing up!”  I heard this statement and other similar statements from many VC firms when I recently attended “The World Congress Annual Leadership Summit on Mergers & Acquisitions in the Health Care” in Orlando, Florida.  Consistently, panelists and attendees at the conference noted that VC firms are funding for M&A transactional opportunities within the heath information technology (or HIT) sector.  According to many managing directors who spoke at the conference, there will be many such transactions because many hospitals and health systems throughout the country may need to update their older systems to keep up with emerging technologies that allow for better care for patients.  During 2012, many VC firms have been involved in numerous HIT deals.  For the remainder of 2012 and beyond, those firms are forecasting a wave of new technology, which should include, in addition to a complete overhaul of computer systems, an expansion of new applications to run on those computer systems in order to better help providers and patients within the healthcare sector.  Strong M&A activity within the healthcare provider IT market should continue as a result of solid demand for quick, efficient technologies and lower healthcare costs.

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MIT Enterprise Forum Focus on Health IT – March 14th

Interested in Health Information Technology and live in the Pacific Northwest?  Then you should attend the MIT Enterprise Forum on Health IT. Wed, 03/14/2012 – 5:00pm – 8:30pm MOHAI 2700 24th Avenue East Seattle, WA To register click here. Ogden Murphy Wallace is a proud sponsor of the event. Health IT is transforming our healthcare system. Healthcare reform, industry consolidation, […]

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