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Monday Morning Update 4/5/21

April 4, 2021 News 1 Comment

Top News

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Bank of America acquires patient payments technology vendor AxiaMed for undisclosed terms.

AxiaMed’s Payment Fusion offers software vendors the ability to integrate the company’s patient payment solutions with their applications.

Bank of America is developing proprietary merchant services for its clients after dissolving its decades-old joint venture with First Data last year following that company’s $22 billion acquisition by financial services technology vendor Fiserv.


HIStalk Announcements and Requests

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Here’s your top five finishers for US capital of healthcare technology, which I intentionally left undefined.

New poll to your right or here: What is your COVID-19 vaccination status? I ask specifically about timing since HIMSS21 is in August, so that’s the next in-person event data for many of us. I’m double Pfizered, so I’m good to go.

Thanks to the following companies that recently supported HIStalk. Click a logo for more information.

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Webinars

April 21 (Wednesday) 1 ET. “Is Gig Work For You?” Sponsor: HIStalk. Presenter: Frank L. Poggio, retired health IT executive and active job search workshop presenter.  This workshop will cover both the advantages and disadvantages of being a gig worker. Attendees will learn how to how to decide if gig work is a good personal fit, find the right company, and protect themselves from unethical ones.

Previous webinars are on our YouTube channel. Contact Lorre to present your own.


Acquisitions, Funding, Business, and Stock

SOC Telemed announces Q4 results: revenue down 13%, adjusted earnings –$3.9 million versus $0.2 million (the company did not release per-share earnings). The company went public in a SPAC merger on November 2, 2020, with share price dropping 32% since then versus the Nasdaq’s 21% gain, valuing the company at $469 million.

The Global X Telemedicine & Digital Health exchange-traded fund was down 3.4% in the past month versus the Nasdaq’s 1% drop. The fund is up 26% since its July 30, 2020 inception versus the Nasdaq’s 23% rise. Its top holdings are Guardant Health, Nuance, Omnicell, Agilent Technologies, Illumina, and Labcorp.


Sales

  • Plexus Research joins the TriNetX global health research network.

COVID-19

Daily US vaccinations exceeded 4 million for the first time Friday, pushing the total of Americans vaccinated to over 100 million. CDC says that 23% of adults and 55% of senior citizens have been fully vaccinated, while 40% of adults have received at least one shot.

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I noticed this cool patch on the arm of a female airman whose Air Force unit was participating in FEMA-operated mass vaccination clinic and asked if I could take a photo. She was deployed from the 335th Air Expeditionary Group, Medical Operations Squadron, which has also provided COVID-19 support to hospitals.

Brazil digs up old graves to make room for the soaring number of bodies from new COVID-19 deaths, 67,000 in March 2021, as the country has vaccinated just 2% of its population and its hospitals are running out of oxygen and ICU beds. President Jair Bolsonaro replaced one-third of his cabinet and all of the country’s military commanders last week, raising concerns that he is preparing for a military coup to remain in office as opponents urge impeaching him for mismanaging the pandemic.

Florida Governor Ron DeSantis issues an executive order that bans the use of COVID-19 vaccination passports in the state, blocking government offices from issuing them and businesses from requiring them. He cites freedom and privacy concerns, saying that “individual COVID-19 vaccination records are private health information and should not be shared by a mandate.” He also notes that some citizens may have infection-acquired immunity and that some may decline to be vaccinated for health or religious reasons.

Google creates a memorable public service announcement that urges people to get vaccinated against COVID-19.


Other

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Aspirus joins other health systems in notifying patients that its vendor MedData exposed their protected health information on a public-facing website. The revenue cycle services vendor was notified by DataBreaches.net in early December that claims data had been found in an open source data repository, although the company did not remove the files immediately and patient letters weren’t sent until last Wednesday. MedData says that a former employee, a developer, saved files to their personal folders on the website. The other health systems involved so far include Memorial Hermann, OSF Healthcare, SCL Health, and University of Chicago.


Sponsor Updates

  • Black Book Market Research names Spok a top-performing behavioral health and mental healthcare industry vendor in the secure provider communications platform category.
  • Kyruus completes its acquisition of HealthSparq, paving the way for seamless, cross-channel care navigation.
  • Netsmart shifts one of its divisions to permanently working from home while it transitions the rest of its 2,400-member workforce back to the office.
  • Pivot Point Consulting celebrates its 10th anniversary.
  • Health Data Movers appoints Monica Gupta and Alyssa Rapp to its board.
  • PMD releases a new video, “Meet our CEO – Philippe d’Offay.”
  • CRN gives Pure Storage a five-star rating in its “2021 Partner Program Guide.”
  • Relatient publishes a new e-book, “The Expert Guide to Patient Engagement Software.”
  • Vocera receives FIPS 140-2 certification for its Smartbadge, required to support secure wireless communication in VA and DoD healthcare facilities.

Blog Posts


Contacts

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