News 2/23/24

Top News

Change Healthcare disconnects its systems after detecting a cybersecurity issue early Wednesday that has since compromised the ability of military and retail pharmacies nationwide to process prescription payments through insurance. Athenahealth customers are also reportedly affected, given that Athena’s electronic data interchange is supported by Change Healthcare technology.

The company’s latest status update says the disruption will last at least through Thursday, February 22.

UnitedHealth Group’s Optum acquired Change Healthcare in 2022.

Reader Comments

From Lanman: “Well, Oracle Health (aka mostly Cerner) has a new logo. It is just as focused as Oracle is with what they are doing with the ex-Cerner stuff. BTW, this was supposed to be secret, so shhh …”

Webinars

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Acquisitions, Funding, Business, and Stock

CPSI will rebrand to TruBridge, the RCM, business management, consulting, and managed IT services subsidiary it created in 2017. CPSI has made strategic changes to its business over the last several years, acquiring Health Resource Group in 2022 and selling American HealthTech to PointClickCare earlier this year.

Fabric raises $60 million in a Series A funding round. The company offers AI-powered healthcare enablement software for virtual and in-person visits. It acquired AI-based virtual assistant business Gyant earlier this month.

Teladoc Health’s quarterly earnings send its stock plummeting 25%. The virtual visit company’s revenue grew 4% to $660.5 million, but missed analyst expectations. Its Q1 2024 revenue is also expected to miss Wall Street estimates, reflecting an industry-wide slow down in telehealth appointments.

HealthSnap, a remote patient monitoring and chronic care management company based in Miami, raises $25 million in a funding round led by Sands Capital.

Sales

• Tufts Medicine (MA) selects Clearstep’s digital triage and care navigation software.
• Sentara Health (VA) will roll out predictive and generative AI software from RhythmX AI to its primary care physicians.
• Kettering Health Hamilton (OH) will implement Regard’s AI-based clinical task automation technology.

People

Amwell promotes Cynthia Horner, MD to chief medical officer and president of Amwell Medical Group.

Announcements and Implementations

Tidelands Health in South Carolina will implement Epic next month.

Particle Health announces GA of its new Patient Monitoring Solution, featuring ADT and EHR system integration, referral management, and care journey mapping capabilities.

Other

A Black Book Research survey determines that 66% of providers are relying on advisory firms to help them navigate value-based care models.

Sponsor Updates

• Pivot Point Consulting names Brian Beinborn managing director of enterprise solutions, Kathy Krypel managing director of enterprise applications, and MJ Stojak managing director of analytics and AI.
• Surescripts Health Information Network advances to the candidate phase in its process to become a QHIN.
• Meditech releases its redesigned Expanse Pathology solution for its Expanse EHR.
• Netsmart supports whole-person care provisions in the 42 CFR Part 2 Final Rule.
• Trualta joins the PointClickCare Marketplace of integrated solutions.
• Impact Advisors joins Epic’s new Rev Cycle Partners program.
• AGS Health names Conrad Coopersmith (AccuReg Software) general manager of coding automation.
• FinThrive will exhibit and present at the HFMA Revenue Cycle Conference February 28-1 March 1 in San Diego.
• Fortified Health Security hires John Lockhart III (Pentera) as enterprise regional director.
• Health Data Movers names Bob Coman (Vitas Healthcare) sales director.
• Lumeon announces that Panda Health has designated it as a Panda Partner.
• Net Health publishes the results of the 2024 Skilled Nursing Outlook Survey.

Black Book’s list of top, physician-rated small hospital health IT vendors includes the following HIStalk sponsors:

• Meditech Expanse – EHR, rural inpatient care
• Waystar – RCM platforms/rural end-to-end software systems
• CereCore – helpdesk support outsourcing
• Spok – clinical communications and secure messaging
• QGenda – workforce management
• Inovalon – data analytics

Blog Posts

• Serving Those Who’ve Served: Supporting Veterans (Findhelp)
• How New Agent Assist Technology is Accelerating AI Adoption (Five9)
• How Hospitals and Health Systems Can Steer the Right Course Amid Declining Satisfaction with Managed IT Service Providers (Impact Advisors)
• Charting the Future: Highlights from the JTG Annual Meeting in Dallas (JTG Consulting Group)
• Clinical managers earn only 15% more than their teams despite their outsized impact (Laudio)
• The impact of dementia and how cognitive testing can make a difference (Linus Health)
• AI in Life Sciences: Use Case Examples for 2024 (Lucem Health)
• 3 Strategies for Solving Fragmented HIM Workflows (Medhost)
• A Different Point of View: LLMs in Healthcare – Addressing the Challenges (Medicomp Systems)
• 4 resources to learn more about Meditech’s strategic application of AI (Meditech)

Contacts

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