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Medical associations, health systems and research institutions wanting to improve how they interact with their members are increasingly turning to social media. But unlike other industries, healthcare hasn't been able to reap the benefit this type of collaboration can provide, says one expert.Lance Hill, CEO of Within3, which is based in Cleveland, says his company can provide these industries with "highly adapted tools" to help them build and maintain an online community.

Express Scripts has announced a merger agreement with its pharmacy benefits management competitor Medco. The deal between the two PBM giants is valued at $29.1 billion.

Mayo Clinic continues to demonstrate its leadership in social media. This month it launched its own social network for patients and caregivers, and it recently became one of the largest U.S. medical centers to establish a Spanish-language presence online.

Mobile devices have become as common as the stethoscope in patients' rooms since they're ideal for information sharing and time savings - but they pose huge security risks to patient information, experts say.