Best of Health IT News: Week of 10/16/14

Did you have a chance to check out the latest healthcare IT news stories around the Web? We’ve captured the top industry news stories from this week that you won’t want to miss.

Medicare Fines Record Number of Hospitals for Excessive Readmissions

NPR reports that the Centers for Medicare & Medicaid Services has reported that over the next year, 2,610 hospitals will lose some payments due to readmissions. In the three years since hospitals have started facing penalties under the Affordable Care Act, this year represents the highest penalties: up to 3% of Medicare bills. 

Health Groups Urge Changes to Meaningful Use Program

Several health care groups, including the American Academy of Family Physicians, the American Medical Association, and the Medical Group Management Association, have addressed a letter to HHS Secretary Sylvia Matthews Burwell calling for changes to the meaningful use program that would reflect a greater focus on interoperability. 

Health IT Funding Reaches $956M in Q3 2014, Report Finds 

According to a recent report from Mercom Capital Group, venture capital funding for healthcare IT companies reached $956M in Q3 2014. This is down from Q2 2014, when funding for healthcare IT reached a staggering $1.8 billion across 161 deals. 

Healthcare IT News Unveils 2014 Best Hospital IT Department Winners

Healthcare IT News has released its winners for the 2014 "Best Hospital IT Departments" program. The award recognizes hospitals and healthcare systems that provide a positive hospital IT workplace. This year's top winner is Meridian Health System in Neptune, New Jersey. 

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