Richard Peterson

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Financial Woes At Maine Medical Center

Stephanie Bouchard | Healthcare Finance News | May 2, 2013

In a memo to its employees last week, one of Maine’s largest health systems said it has suffered an operating loss of $13.4 million in the first half of its fiscal year. Read More »

MaineHealth Facing Financial Debacle due to Proprietary EHR Install

The scenario: A sophisticated medical center health system begins to roll out an expensive proprietary EHR and shortly thereafter sustains an operating loss, leaving no choice but to put the implementation on hold. The operating loss is attributed to “unintended financial consequences” directly related to buying a very expensive EHR system. This is exactly the situation at MaineHealth, who selected Epic. Read More »