Home » News » Currently Reading:

News 2/23/22

February 22, 2022 News 1 Comment

Top News

image

WellSky will acquire TapCloud, whose patient engagement platform collects a one-minute check-in that asks about their symptoms, concerns, and available support.

WellSky says the patient-generated data will expand its dataset to support the development of care models that predict patient risk factors for deploying interventions.


HIStalk Announcements and Requests

Should we be talking about ICD-11, which is being used in 35 countries?


Webinars

None scheduled soon. Previous webinars are on our YouTube channel. Contact Lorre to present your own.


Acquisitions, Funding, Business, and Stock

Health Catalyst will acquire KPI Ninja, which offers interoperability solutions and population health analytics.

HealthStream announces Q4 results: revenue up 4%, EPS –$0.01 versus $0.03, beating expectations for both. HSTM shares are up 3% in the past 12 months versus the Nasdaq’s 4% loss, valuing the company at $630 million.

Release of information solutions vendor MRO acquires competitor MediCopy.

image

Cerner announces Q4 results: revenue up 4%, adjusted EPS $0.93 versus $0.78. The company’s acquisition for $95 per share by Oracle remains on track for sometime in 2022. Shares closed Tuesday before the announcement at $91.83.


People

image

Nicole Rogas, MBA (Experian Health) joins Symplr as president.

image

Brian Silverstein, MD (The Chartis Group) joins Innovaccer as chief population health officer.

image

Global health pioneer, humanitarian, author, professor, and anthropologist Paul Farmer, MD, PhD died Monday at the university and hospital he had established in Rwanda. He was 62. The non-profit group he co-founded, Partners in Health, was an early proponent of considering social determinants of health, questioning why people were being treated for diseases and then returned to the same circumstances that had helped cause them.


Announcements and Implementations

A top pharmaceutical company deploys OptimizeRx’s digital therapy initiation workflow to streamline patient therapy initiation challenges.

image

DCH Health System (AL) implements real-time patient admission and discharge notification technology from Secure Exchange Solutions.

image

Windom Area Health (MN) rolls out telemedicine services from TeleHealth Solution for after-hours care.

image

Veriff announces GA of identity verification solutions for the healthcare industry that include digital health record protection, automated intake, and secure telemedicine and prescription delivery.


Government and Politics

NIH will require researchers to include a data management and sharing plan in their grant requests, which must include the software or tools that were used to analyze the data and a plan for publishing the data publicly. Information from failed or unpublished studies must also be published to potentially help other researchers. An estimated $10 to $50 billion is spent on US research whose data methods are insufficient, with most of the money coming from federal taxpayers. Experts note that most labs and institutions don’t have data managers and are likely to push the task onto trainees and early-career investigators.

A 33-year-old resident of Pakistan is sentenced to 12 years in prison and ordered to pay $48 million in restitution for submitting fraudulent Medicare claims for 20 home health agencies he had acquired in Illinois, Indiana, Nevada, and Texas using false names. Muhammad Ateeq was also ordered to forfeit a $2.4 million cashier’s check and $1 million in cash. Medicare paid his companies $40 million for services that had not been rendered, with DOJ noting that he had control of their billing and EHR systems.


Privacy and Security

HHS’s cybersecurity office publishes a report on EHRs in healthcare, which is mostly a glossy overview of the status quo. They urge healthcare organizations to  review Remote Desktop Protocol and consider protecting it with a VPN that uses multi-factor authentication, use endpoint detection and response, and implement email tools that filter URLS and move attachments to a sandbox.


Other

Some interesting thoughts on digital health companies from investor and former Livongo CFO Lee Shapiro of  7wire Ventures, interviewed by Marissa Schlueter of OMERS Ventures:

  • Companies need a cash runway of 18-24 months to weather current market turbulence and should be prepared to describe their expected path to profitability to investors.
  • Startups need a CFO, or at least an experienced controller, by their third year to prepare for the historical documentation that investors will want to review down the road in their C and D funding rounds.
  • The market valuation of some publicly traded companies is less than the cash on their balance sheets and those could become acquirers or acquisition targets.
  • Some companies suffer from Shiny Object Syndrome in expanding in too many markets or attacking multiple go-to-market channels.
  • Companies whose revenue is less than $50 million will need to merge to attain the scale that is needed to address the challenges of health plans.
  • Virtual-only companies could merge with brick-and-mortar companies to create an omnichannel brand.
  • Shapiro recommends that investors should watch what hedge funds are doing, some of which are turning to the bargains that are available in the public market instead of private market investing.

Sponsor Updates

  • Azara Healthcare has earned Certified Data Stream status for NCQA’s Data Aggregator Validation Program.
  • Bamboo Health has joined the National Association of Mobile Integrated Healthcare Providers.
  • Clearwater publishes a new white paper, “Keeping Patient Data Secure in the Cloud.”
  • Change Healthcare releases a new podcast, “Enterprise Imaging in the Cloud: Adoption and Outlook.”
  • Enlace Health will exhibit and present at the 2022 Healthcare Bundled Payments Conference February 24-25 in Nashville.

Blog Posts


Contacts

Mr. H, Lorre, Jenn, Dr. Jayne.
Get HIStalk updates.
Send news or rumors.
Contact us.

125x125_2nd_Circle



HIStalk Featured Sponsors

     

Currently there is "1 comment" on this Article:

  1. “Should we be talking about ICD-11… ?”

    I’d say yes, but mainly as a ‘normal course of business’ item. If it’s being used by 35 countries now, that’s 18% of countries. You just pick a timeline for adoption and you’ve got plenty of time and opportunity to make adjustments if you need to.

    These controlled clinical syntaxes, these are how you get a computer to make sense of progress notes and the patient record. With them, you can write reports to analyze your clinical histories en-masse. Without them it’s basically impossible.

    ICD-10 became a political football and that’s kind of the worst of all possible outcomes.







Text Ads


Recent Comments

  1. There is a difference when a contract is awarded to a Vendor (Cerner/VA) and to a Systems Integrator (Leidos/DOD). Many…

  2. I literally cannot imagine any circumstances where the replacement of VistA was not troublesome. VistA was custom designed for the…

Tweets

Founding Sponsors


 

Platinum Sponsors


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gold Sponsors


 

 

 

 

 

 

 

 

Sponsor Quick Links