News 1/8/25

Top News

Clinical surveillance and alarm management company AirStrip Technologies acquires Decisio Health, which specializes in clinical decision support and remote patient monitoring software.

Former AirStrip CEO Alan Portela launched Depth Health, which is focused on AI-enabled patient care and traffic flow optimization, last August.

Webinars

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Acquisitions, Funding, Business, and Stock

Sanford Health (SD) finalizes its acquisition of Marshfield Clinic Health System (WI), which was announced in July. Hospital leaders expect that pooled resources and access to Sanford’s $350 million virtual care center will enable the combined systems to offer more virtual care services to their rural patient populations. The organizations will invest up to $500 million to transition Marshfield from Cerner to Epic.

CalmWave announces $5.25 million in new funding. The company has developed AI software to help ICUs manage alarm fatigue.

Evidence generation platform vendor Highlander Health acquires Target RWE, which generates real-world datasets. Highlander Health was launched in September 2024 by oncologists Amy Abernethy, MD, PhD and Brad Hirsch, MD.

Teleradiology services company Onrad acquires the 80-radiologist Direct Radiology practice from Philips, making it the largest independent teleradiology vendor in the US.

Health tech venture capital firm Providence Ventures spins off from Providence to form Allumia Ventures.

Sales

• The Illinois Public Health Institute will use 4medica’s data-sharing technology to power its new Chicago Regionwide Community Information Exchange.
• AdventHealth will implement hospital-at-home software and clinical care services from Biofourmis as a part of its new remote patient monitoring program for patients in Central Florida.
• USA Health (AL) selects managed services from Healthcare IT Leaders.

People

Direct Recruiters promotes Stephen Benson and Bradley Morrison to partners.

US Air Force veteran Eric Gardner, MBA (Flagship Health) joins Leidos QTC Health Services as VP of operations. Gardner’s 20-year career in the Air Force included stints as a Medical Service Corps officer and as the CFO and VP of the Air Force Medical Operations Agency.

Topcon Healthcare names Jacques Gilbert (Nuance) chief strategy and business development officer and Christian Odaker, PhD (Smart Reporting) CTO.

Susan Grant, DNP, RN (Wellstar Health System) joins Symplr as chief clinical officer.

Impact Advisors names Wes Arnett (Compassus) as president of its revenue cycle managed services business.

Parkland Health promotes Brett Moran, MD to SVP / chief health officer.

Announcements and Implementations

Six health systems in Southeastern Ontario form the Lumeo Regional Health Information System to implement Oracle Health throughout their enterprises.

A study finds that nearly two-thirds of patients who reviewed a standard prostate pathology report were unable to determine whether they had cancer, whereas nearly all of those who received a plain-language version could easily understand their diagnosis.

Uvalde Memorial Hospital (TX) goes live on Meditech Expanse.

Analysis finds that the claims-based undiagnosed dementia algorithm of Linus Health-owned Together Senior Health can accurately identify high-risk patients.

A review by TrustCommerce, a Sphere Company finds that 96% of surveyed providers accept patient credit cards, 69% offer flexible payment plans, and four of five identify expanding payment options as a key focus area.

Other

People in every other developed nation will struggle to grasp this. A White House rule will ban lenders from factoring medical debt into loan approval decisions (affecting 15 million people owing $49 billion) and prohibit repossessing medical devices, wheelchairs, and prosthetic limbs from those who can’t pay (imagine that repo job). While it protects credit scores from billing errors that are awaiting resolution, a health justice group’s take highlights the wagging tail of medical debt while ignoring the dog: our wildly overpriced healthcare “system” that this change does little to fix:

Nobody, no matter where we live or how much money we have, should be forced to make the impossible choice between getting essential care and going into debt. And they should not have to worry that medical debt could prevent them from buying a house or securing an auto loan because of its impact on their credit.

The Lown Institute names the 2024 winners of its Shkreli Awards, which are named after the notorious price-gouging, ex-con pharma bro CEO Martin Shkreli:

1. Steward Health Care CEO Ralph de la Torre, MD: Collected $250 million in private equity profits while the hospitals under his management declared bankruptcy.
2. UnitedHealth: Boosted Medicare Advantage profits through rushed patient visits and aggressive coding practices.
3. Amgen: Ignored research showing that its cancer drug was effective at lower, safer doses that would have reduced its revenue by $180,000 per patient annually.
4. An oncologist at St. Peter’s Hospital (MT): Administered unnecessary cancer treatments and altered patients’ end-of-life plans without their consent, becoming the hospital’s top earner.
5. Private equity-owned New Mexico Hospital: Denied care to cancer patients, even those with insurance, unless they made upfront payments.
6. Pretty in Pink Boutique: Operated a fraudulent medical supply scheme, one of seven suppliers that billed Medicare $2 billion for questionable urinary catheters in 2023.
7. Cigna: Refused to cover a $98,000 air ambulance bill for an infant who was in respiratory distress, labeling the transport as medically unnecessary.
8. Zynex Medical: Profited from shipping unordered batteries and electronic pads to users of its nerve stimulation devices, with these supplies accounting for 70% of the company’s revenue.
9. Dentist who perform dubious tongue-tie surgeries on babies: One supplier of equipment for the surgeries hosted a “Tequila and Tongue Ties” dentist training session that was followed by shots and margaritas.
10. University of North Texas Health Science Center: Sold body parts from unclaimed bodies to for-profit companies after making minimal efforts to locate relatives.

Sponsor Updates

• Healthcare IT Leaders partners with Locums Choice and Christmas Tree Santas for its annual Christmas tree giveaway benefiting the Children’s Development Academy.
• CereCore releases a new podcast, “Automating EHR Implementations: A Must-Have for Managing Healthcare Informatics.”
• Uvalde Memorial Hospital (TX) upgrades its Meditech system to Meditech Expanse.
• Inovalon completes its three-year transformation of its analytics platform to the cloud.
• Capital Rx releases a new episode of “The Astonishing Healthcare Podcast titled “High-Cost Orphan Drugs, Securing Claims Data, and More, with Dr. Eric Bricker.”
• Censinet releases a new episode of its “Risk Never Sleeps. podcast, “From Stage Fright to Spotlight: Building Presentation Skills That Inspire, with Anthony Lee, partner at the Heroic Voice Academy.”
• DrFirst publishes a new guide, “Unlocking Faster Access to Specialty Medications With Prior Authorization Automation.”

Blog Posts

• Introducing Pharmafusion’s Patient Wellness Dashboard – The S’MORE of AdvancedMD data! (AdvancedMD)
• Denial Remediation: The Road to Revenue Recovery (AGS Health)
• Streamline Clinical Workflows with Meditech Expanse 2.2: A How-to Guide (CereCore)
• Maximizing Revenue Through Efficient A/R Management: Best Practices for Hospitals (FinThrive)
• Use Cases for Automated Messaging in Healthcare (Artera)
• What to Expect in Healthcare in 2025 (Dimensional Insight)

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