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Monday Morning Update 3/14/22

March 12, 2022 News 5 Comments

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From the Oracle earnings call on Friday, following Q3 results that beat revenue expectations but fell short on earnings:

  • CTO and Chairman Larry Ellison says that healthcare is “the largest industry on Earth” and Oracle has as ERP/HCM customers Tenet, Kaiser, Mayo, Cleveland Clinic, Northwell, Mount Sinai, and Atrium.
  • He notes that Oracle is replacing Kronos in 83-hospital Community Health Systems.
  • He says that hospitals are an Uber-like gig economy because doctors and now nurses are increasingly independent contractors, making workforce payment complicated.
  • Ellison says that the company will be “going after the entire integrated ecosystem,” which influenced its decision to acquire Cerner. 
  • He also called out connecting clinical trials with hospitals and tracking hospital supplies by RFID.

ORCL shares are down 15% versus the Dow’s 6% loss since the December 20 announcement that it will acquire Cerner for $28 billion


HIStalk Announcements and Requests

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ViVE attendees sent me a few comments about attending. Feel free to send more thoughts, and for those who will have attended both ViVE and HIMSS22, to weigh in afterward on how the events compared.

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Here’s what poll respondents said about their life now versus a year ago.

New poll to your right or here: What will you be doing at work this week during HIMSS22?


Last-Minute HIMSS22 Notes

  • Don’t forget to set your clocks forward Sunday morning. Sunrise in Orlando each day will be 7:30 a.m. and sunset at 7:30 p.m.
  • Expect warm but rainy and cloudy weather in Orlando, with daily highs around 80.
  • Masks are optional for in-person attendees.
  • Review the pocket guide to plan your days before you arrive.
  • Download the HIMSS22 app for IOS or Android.
  • Tuesday’s opening keynote is at 8:30 a.m. and the exhibit hall opens at 10:00 a.m.
  • Dr. Jayne and I will report from the Orlando ground, while Jenn — atypically from my usual HIMSS week process – will publish daily headlines and news posts.

Webinars

April 6 (Wednesday) 1 ET. “19 Massive Best Practices We’ve Learned from 4 Million Telehealth Visits.” Sponsor: Mend. Presenter: Matt McBride, MBA, founder, president, and CEO, Mend. Virtual visits have graduated from a quickly implemented technical novelty to a key healthcare strategy. The challenge now is to define how telehealth can work seamlessly with in-person visits. This webinar will address patient satisfaction, reducing no-show rates to single digits, and using technology to make telehealth easy to use and accessible for all patients. The presenter will share best practices that have been gleaned from millions of telehealth visits and how they have been incorporated into a leading telemedicine and AI-powered patient engagement platform.

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


Sales

  • Genesis Physician’s Group (TX) will develop the GenesisLink HIE for the DFW area using KONZA’s national network.
  • API platform vendor Particle Health will use Verato Univeral MPI to track patients and data flow.
  • In England, Bedfordshire Hospitals chooses VitalHub’s Intouch patient flow solutions to help manage its elective care backlog.

People

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Amazon hires Aaron Martin, MBA (Providence) as VP of health. Martin was Providence’s EVP, chief digital officer of Providence St. Joseph’s Health, and managing GP of Providence’s venture fund. He had been with the health system since January 2014. Before that, he worked for Amazon’s self-publishing business for eight years.

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Relatient hires Craig McCoy (Ciox Health) as chief growth officer, names Josh Byrd (Savista) as VP of marketing, and promotes Emily Tyson, MBA to COO.

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Eric Rose, MD (US Department of Veterans Affairs) joins precision medicine drug discovery TenSixteen Bio as head of clinical informatics.

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University of Cincinnati College of Medicine and UC Health name Umberto Tachinardi, MD, MS (Regenstrief Institute) as VP / chief health digital officer and associate deal of health informatics.

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Eric Sato, MBA (Baxter International) joins Symplr as VP of marketing.

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Rauland hires Michelle Allen, MEM (Ametek) as division VP and business unit manager.


Announcements and Implementations

Vyne Medical launches Refyne Cloud Fax as part of its SaaS-based Refyne denials management platform.

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WVU Medicine goes live on Volpara Health’s AI-based breast imaging software tools, which it will use to maintain and improve mammographic quality in its 24 facilities in four states.


Government and Politics

Congress re-inserts a ban on funding a national patient identifier in HHS’s proposed FY2022 budget.

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Florida-based government medical contractor Comprehensive Health Services will pay $930,000 to settle false claims charges that it billed the State Department the $500,000 cost of developing a secure EHR,  but left paper record scans on a drive that non-clinicians could access.


Other

A Cedars-Sinai study finds that 0.25% of patients whose Apple Watch warned them of possible atrial fibrillation were candidates for starting anticoagulants. The percentage rose to just 36% even when AFib was positively diagnosed. The authors conclude that while the benefit of the Watch’s AFib detection was tiny, the combined Watch and EHR data could help target those patients with the highest potential benefit.


Sponsor Updates

  • Olive adds expanded connectivity and integration features to its automation platform for healthcare processes and operations.
  • Optum sponsors and will present during SXSW’s Health and MedTech conference track March 14 in Austin, TX.
  • IDC’s latest Marketscape Report recognizes Symplr’s Payer solution as a Major Player for its comprehensive offering and product vision.
  • Protenus publishes the “2022 Breach Barometer Report.”
  • Sectra publishes its nine-month interim report, highlighting top rankings in customer satisfaction surveys in the US, Canada, and Asia/Oceania.
  • Upfront Healthcare publishes an update on its growth in 2021, doubling in size and revenue for the third straight year.

Blog Posts


Contacts

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

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Currently there are "5 comments" on this Article:

  1. Check out the summary / monograph of the effort RAND corp. has put into the national patient identifier back in 2008: https://www.rand.org/pubs/monographs/MG753.html

    Then read about the main reasons this and similar efforts failed and why the person ID continues to be a challenge – mostly political (not technical or economic as these two aspects have been shown to be non-issues): https://www.aclu.org/other/5-problems-national-id-cards

    It’s a costly pity that USA does not have a unique person identifier yet.
    It is the main obstacle to interoperability and one of the reasons for the high costs of healthcare IMO.

    • Tell me you know nothing about the obstacles of interoperability, without telling me you know nothing about the obstacles of interoperability.

      • Yeah I would say a national patient identifier is a healthcare specific social security number and interoperability is different medical software systems communicating in a way that shares the patients information to create a human readable record. A healthcare SSN solves one small part of the interoperability challenge, one that I saw get solved a lot in the 2000s but haven’t seen people struggle with as much anymore.

  2. Would be curious to know folks thoughts on HIMSS last minute change on mask policy. Im ok with not wearing the mask, but not ok with a policy change that could change whether individuals or companies are comfortable being somewhere when it’s not exactly cheap to get there.

  3. That list of Oracle clients seems to have a slug of Epic customers in it. I doubt they’ll be switching back to Cerner.

    It seems like the original speculation was right…it’s an acquisition focused on selling their other products to a captive audience.







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