Morning Headlines 6/13/23

An Illinois hospital is the first health care facility to link its closing to a ransomware attack

St. Margaret’s Health will close its doors this week after failing to overcome staff shortages, the lingering effects of the pandemic, and a 2021 ransomware attack that prevented it from submitting claims to payers for nearly three months.

Oracle beats quarterly revenue estimates on cloud services demand

Oracle attributes its 17% increase in Q4 revenue to demand for cloud products by companies deploying AI, coupled with the boost its Cerner acquisition has given it against competitors like Microsoft and Amazon.

Iowa invests $1.5 million in innovative Centers of Excellence to boost rural health care access

The State of Iowa’s Centers of Excellence program offers providers the opportunity to qualify for grant funding that will enable them to invest in new technology.