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Dear Clients and Friends, Entrepreneurs have been described as “crazy diamonds” or “mysterious beings that hold the secret to boosting growth and creating jobs.” Click here for the H.I.T. Greatest Hits We decided to dedicate the front page of this month’s Newsletter to Farzad Mostashari, the outgoing National Coordinator of Healthcare IT. To us, he is truly a modern-day entrepreneur and one of the most effective “Health IT Czars” that the agency has ever seen. Mostashari was given a daunting task of allocating billions of dollars of government grants and stimulus funds to make our broken healthcare system more efficient through…

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Dear Clients and Friends, We all agree that the healthcare industry can learn valuable lessons from financial institutions, be it in risk management, security, developing standards or building collaborative business models.  After all, these institutions are among the most technologically advanced companies in our economy. Granted the challenges in our industry may be different and standards are still emerging, but many HIT companies are successfully applying business models and technologies conceived and implemented within the financial vertical. Click here for the H.I.T. Greatest Hits This brings us to the subject of common standards  and the phenomenon we call the “network…

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Dear Clients and Friends,  In June, Farzad Mostashari, National Coordinator for Health IT at the US Department of Health and Human Services (HHS), reiterated that the ICD-10 implementation deadline (October 1, 2014) will not change and there are no more extensions in the offing. For those of us who were around to witness the grand effort to make all databases Y2K compliant, the magnitude of migrating to ICD-10 appears similar in scope and complexity. Click here for H.I.T. Greatest Hits Businesses and governments around the globe spent $600Bn in anticipation of the Y2K problem and for the most part, it worked.…

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