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Athenahealth CEO Jonathan Bush on the health-care law and how services such as cloud computing can help reduce health-care costs.
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Let's get back to the health care debate -- -- not help this is a company that provides.
Everything from on demand billing practice management electronic health record services to about 31000 hospitals and doctors alike shares listen to this.
Up more than 100%.
Since President Obama signed the health care bill into -- so it's been very good for them -- You could imagine that that Jonathan bush the chairman and CEO of a feeling helpless watching this extraordinary that closely and you almost feel compelled to go to Washington -- -- sauce.
-- actually do wanna see get me that I wish I could go down and watch I was actually in Washington earlier this week and talking about some things that I think could be a little bit a little bit better.
But in general I think.
A tension and excitement around health care is good we need it been terribly badly.
How -- Supreme Court ends an album federal mandates ended is I think real sort of sausage making I think what really matters is that employers.
And Americans stay angry long enough.
To force animation to perform exactly it's all very nice for all reform isn't something unique a -- about reform is what happens inside of us.
We gotta get doctors to believe in the cloud and stop keeping data under their -- in under their cabinets and hospitals to lock it up in their own individual data centers that don't put others and.
Mowed our clients are all doing -- and it's growing dramatically as the stock up a profile of a group of doctors who are clients of yours for example because it was -- -- smaller groups absolutely sell a third of the sales that if you are coming in from groups of 123 and four doctors buying these services over the Internet -- The -- will be AMR's Dubai -- server and you mile licensing you have a -- you set up.
Costs a lot of money maybe it doesn't work.
In the cloud anybody can get on right so what are you gonna ask her about -- and by the way folks his company breaks down to things like a scene at -- -- semester bill directly to claim a scene coordinator clinical eggs -- referring patients in and out of the hospital lab political loses.
The coordination of the chart borders and results -- out.
Getting your federal money.
Each one of these services is all set up and running nationwide for every one what we need to do now is get each doctor and open their account and start using it.
It's a little bit like Salesforce.com.
But we do more work we actually handle the claims in the Paper stuff.
They get stuck if the Supreme Court rules that the portion that requires people to buy insurance is unconstitutional.
We don't know what's going to happen but if they right -- Is that a disappointment to you for your -- I know I know you're looking at this to -- -- ideologically.
And then from a business -- and trying to keep my little idea of fed only from the right brass as a child to try to keep my ideology are -- The reality is that we need as -- whether the government forces in kind of well left all thumbs kind of way.
Or whether dip employers and individual consumers and healthcare demanded an -- in a bottoms up kind of wisdom of the -- kind of way.
Somebody's gotta coordinate this information -- better and we're just talking earlier for the first time someone actually didn't order a test for you wanna -- is I was the first -- -- a good look at clinical guidance and say -- this has happened in the past where this -- -- -- -- profile we don't need my usual routine and then not order and then that saves money.
Doesn't mean look.
Billions of dollars 43%.
More hospital days -- we need we order every test twice we do every claim one point eight times.
I mean you can't believe the merry go around and you really benefits from.
Because our fixed cost kind of creep up underneath it to the profit taking in the space is not that great you are two point seven billion market cap company you remember when you first started -- lot smaller.
But now hospitals for example are bringing doctor groups under -- wings and offering guess what you would do that's a headwind for you -- Beat the well way they find us as long as -- hospitals come on -- the networks are now 40% of our revenues is from hospital systems that now employed doctors as a nation we've gone from.
Before obamacare 22%.
Of doctors employed by hostile -- 56%.
So what we had to do.
Is move our delivery this appear coordinator you mentioned is basically a service that does nothing but coordinate -- from the community into the doctor the doctor into the hospital and back.
Which is something that no one was doing before.
Jonathan -- The chairman and CEO -- health care and and I guess you could say that the Obama health care plans been -- -- -- -- -- You know limiting how many so he'll be watching June very closely when the decision actually comes down right absolutely locking up the calendar oh well became what -- in the -- -- -- right yeah we're gonna cancel cat that we get a -- locked up all right thank you very much.
