Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
Six weeks after Practice Fusion agreed to sell itself to Allscripts for a fraction of its prior valuation, the medical software company is scrapping the business model that propelled it to unicorn status.
Practice Fusion gained traction by offering free electronic health records software to doctors — as an alternative to the expensive systems from big vendors — and the company made money by serving relevant pharmaceutical ads to its users.
But Practice Fusion recently started notifying customers that, beginning this summer, the service will convert to subscription payments and cost $100 per physician per month, according to two sources familiar with the matter who asked not to be named because the change hasn't been made public.
It's a massive shift for a company whose founder and ex-CEO preached about the virtues of a free product and promised that it would never cost money for users. Ryan Howard, who was ousted in 2015 because of disagreements with the board over strategy and after the company missed financial targets, according to sources familiar with the matter, told Medgaget two years earlier that "Practice Fusion will always be free."
The product proved to be a particular favorite among small physician groups, like primary care doctors and dermatologists, and the company said that its user base has grown to 100,000 health-care professionals. One industry publication called it the "poster child" of free platforms.
In a statement to CNBC, a Practice Fusion spokesperson said that as part of its mission the company has "been offering some features and services to our customers at no cost while other solutions and services offered do involve reasonable prices," and that a change is on the way next month.
"We have a product announcement upcoming in early March, and we look forward to sharing it further with you and all of our stakeholders very soon," the company said.
Practice Fusion has had a rough start to 2018. In January, the company said it was being acquired by Allscripts for $100 million. That's about one-fifteenth its expected valuation in 2016, when it reportedly hired J.P. Morgan to explore an IPO.
Soon after the acquisition was announced, CNBC reported that top executives pulled in millions of dollars as part of a pre-arranged deal, while common shareholders were wiped out.
During its growth years, Practice Fusion benefited from legislation passed in 2009 that incentivized the medical community to move from paper to digital records.
The market exploded with dozens of medical records vendors, but most charged subscription fees for the service and additional expenses to upgrade. Epic and Cerner have captured the top end of the market, which includes academic teaching hospitals, while Practice Fusion and a handful of others compete for the smaller physician groups.
Industry experts including Ken Comee, CEO of rival CareCloud, said the change could be a boon for other vendors that target independent practices.
"Maintaining the customer base could be a challenge because they're charging for something that was once free," Comee told CNBC. "It might encourage doctors to evaluate their options."
(Clarification: This version of the story updates the circumstances surrounding Howard's departure from the company.)