Monday Morning Update 2/23/26

Top News

Healthcare payment solutions vendor RevSpring acquires TrustCommerce, an integrated payment platform vendor.

RevSpring acquired Kyruus Health in September 2025 and Loyale Healthcare in early 2020.

RevSpring was acquired by investment firm Frazier Healthcare Partners in May 2024.

Reader Comments

From BoothWeary: “Re: exhibiting at ViVE and HIMSS. We spend mid six figures on booth, travel, advertising, and private events. I can’t tie any of that to booked revenue. Are we fooling ourselves?” You are fooling yourself if you expect badge scans and foot traffic to turn directly into leads. Value comes from using the booth as a landing zone and meeting hub rather than a lead farm. Exhibiting can even save money if you can book meetings with prospects and existing customers without separate travel costs. Show up with a list of the top 10 accounts that you hope to influence and try to get your executives face time with theirs. ROI is generated in back-of-hall private meeting rooms, not the carpeted glad-handing area that is populated mostly by nondecision-makers. Still, be nice, since they might have been charged as underlings to scout and report back to their big boss.

From Seeking Answers: “Re: HIMSS26. The keynote speaker list is wacky, maybe trying to match the celebrity appeal of ViVE.” On the list is Jon McNeill (who quit as a Telsa sales exec, then lasted just 18 months as COO of Lyft); actor and snowcat casualty Jeremy Renner; and streetwear mogul Daymond John of “Shark Tank.” You will need to squint to see any connection to healthcare or health tech. The one keynoter who might be fun is the coach of the Savanna Bananas, although I wouldn’t stick around for his last-day slot.

From Bonecrusher: “Re: the Alliance for Advancing Rural Healthcare. Isn’t this, and others like it, just a thinly veiled sales opportunity for the vendors involved? Seems like a gussied up consulting push to take advantage of those with fresh influxes of federal cash.” SAIC forms the newly announced AARH to “help state governments … execute the Rural Health Transformation program.” SAIC’s sudden interest in rural healthcare coincides with the federal government’s plan to plow $50 billion into it. SAIC earns $7.5 billion in revenue selling mostly to the federal government, so it is approaching AARH like a prime contractor:

• Form an “alliance” to exclude competitors as states issue RFPs.
• Capture some of the revenue that each partner generates by locking in its own implementation, infrastructure, and integration services..
• Build a long sales runway with the multi-year program.
• Create the perception of turnkey execution and the appearance of aligning with federal goals.

HIStalk Announcements and Requests

Around 30% of poll respondents have been demoted at some point in their careers. I have seen variations that involve losing all direct reports, such as being moved to special projects, tapped as an advisor, or assigned to formulate strategy. All of those are compliments. Organizations are smart to let a high-performing executive who doesn’t manage people well the chance to focus on their strengths. Value shouldn’t always be measured by headcount or budget.

New poll to your right or here: For exhibitors at ViVE and/or HIMSS, what is the #1 benefit received? What one thing keeps your company coming back, and has that changed?

Attending ViVE? Your updates, photos, and rumors are welcome and I won’t name you unless you ask. Tell me.

Sponsored Events and Resources

Publication: HIStalk’s Guide to ViVE 2026 lists the activities of sponsors at the conference.

Contact Lorre to have your resource listed.

Acquisitions, Funding, Business, and Stock

Waystar reports Q4 results: revenue up 24%, EPS $0.10 versus $0.11, beating revenue expectations but falling short on earnings. WAY shares have lost 39% in the past 12 months, valuing the company at $4.8 billion. CEO Matt Hawkins talked up AI in the earnings call, saying that 50 of the company’s solutions use AI, 40% of its revenue is generated by AI-embedded tools, and 30% of bookings were attributed to AI capabilities. He added that its Altitude AI prevented $15 billion in claims denials, reduced appeal time by 90%, and drove double-digit increases in denial overturn rates.

From a Veradigm update call:

• CEO Don Trigg emphasized the company’s ongoing “Reset, Recover, and Reignite” plan to stabilize operations and refocus strategy.
• The company will discontinue six unnamed low-revenue products.
• Veradigm’s preliminary 2025 results show flat revenue and a significant decline in cash due to debt financing and share repurchases.
• Trigg says that the company is making progress toward becoming current on its SEC filings but provided no specifics. It will file 2023 and 2024 information in a Super 10-K, which is a single annual report that includes data that would have been included in overdue previous reports.
• The company has established Pune, India and Raleigh, NC as its hubs. It closed three locations in 2025, will close two more in 2026, and will vacate its Chicago headquarters in 2027.
• Veradigm eliminated 15% of its workforce in 2025.
• Trigg says that Veradigm was previously run as “a holding company as opposed to an operating company,” but will now focus on growth and market impact.

Sales

• Mayo Clinic implements the productivity platform of Dock Health in cardiovascular, e-consult, and specialty contract programs.

Announcements and Implementations

Belgium-based cardiologist Michal Nedoszytko, MD, PhD creates Postvisit.ai, an agentic AI post-visit companion for patients. The tool, which he developed in Claude Code in seven days as a hackathon entry, helps patients understand and follow up on their treatment by using a “reverse AI scribe.”

Element Biosciences introduces a high-throughput benchtop sequencing system that can generate a whole genome sequence for $100.

Other

A Fierce Healthcare report says that the Coalition for Health AI has shelved its flagship plan to create a national network of independent AI assurance labs and shifted its focus to other initiatives. CHAI, which was founded in 2024 with several health systems as founding members, has drawn scrutiny from Republican lawmakers who question whether CHAI’s work overlaps FDA responsibilities and whether participation by large technology companies creates potential conflicts of interest. HHS Secretary Robert F. Kennedy Jr. went further, calling CHAI a “cartel” while backing the department’s position that private groups should not receive implicit government endorsement or taxpayer support for assurance labs. Founding members Amazon and Microsoft resigned after the White House signaled its broader opposition to the group and to AI regulation generally. CHAI says that the change in direction reflects stakeholder feedback, particularly stronger interest in post-deployment monitoring over upfront certification.

The Wall Street Journal reports early testing of an “underwear-able” flatulence monitoring system and tracker for studying diet-related gas and bloating. The top 3% of studied gas-passers in the study cohort will earn a “Prodigious Hydrogen Producer” plaque. Hat tip to my favorite medical research explainer @EricTopol for headlining this piece with “you gotta be kidding me,” which was also my initial reaction as I quickly verified that it wasn’t April 1.

Sponsor Updates

• RLDatix releases the results of the “2026 Leadership Pulse Survey from the College of Healthcare Information Management Executives.”
• TruBridge and Arcadia join the new Alliance for Advancing Rural Healthcare.
• Afga HealthCare lists its new US installations, included an expended rollout of enterprise imaging at Tampa General Hospital.
• Waystar’s AI capabilities deliver industry-leading outcomes and earn client accolades.
• Optimum Healthcare IT publishes a new white paper titled “Your Ultimate Checklist for a Successful Healthcare CMMS Migration.”
• Nordic releases a new “Designing for Health” podcast featuring Becket Mahnke, MD.
• SlicedHealth releases a new episode of its “Substance Over Form” podcast titled “Your 2026 Guide to Price Transparency.”
• WellSky will expand its clinical coding and documentation advisory services to additional Adoration Home Health locations.

Blog Posts

• Healthcare data platform considerations + options in 2026 (Arcadia)
• A Unified Digital Front Door: Reimagining Patient Engagement Through LLM-Based Orchestration (Impact Advisors)
• Four Revenue Cycle Management Tips for Small Healthcare Organizations (Med Tech Solutions)
• The Game Changing Impact of Early Autism Diagnosis (Netsmart)
• Meeting health systems where they are on the digital modernization journey (Nordic)
• What Is Transparent AI for Medical Coding? Why Black Box Tools Fail the 2026 Audit (Nym)
• Create a Policy for Medicare Conflicting Indicators: CPT 63032 Under OPPS vs. MPFS (TruBridge)
• Individual Access Services Under TEFCA (Zen Healthcare IT)

Contacts

Mr. H, Lorre, Jenn, Dr. Jayne.
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