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Morning Headlines 9/25/23

September 24, 2023 Headlines 1 Comment

Veradigm Inc. Announces Receipt of Nasdaq Delisting Notice and Intent to Appeal

The company says it will file its three overdue financial reports in Q4.

AMIA Announces the 2023 Signature Awards Recipients

AMIA recognizes the accomplishments of several informatics leaders.

FTC Challenges Private Equity Firm’s Scheme to Suppress Competition in Anesthesiology Practices Across Texas

The FTC’s lawsuit includes the company’s private equity owner in what may be a new strategy to hold healthcare company owners accountable.

Morning Headlines 9/22/23

September 21, 2023 Headlines No Comments

AMA Future of Health issue brief: Commercial Payer Coverage for Digital Medicine Codes

The American Medical Association says that lack of alignment and adoption of CPT codes for digital medicine limits their use.

Value-based payments are making it harder to see your primary care doctor on short notice

Jeffrey Millstein, MD says that value-based care has made it hard to get short-notice appointment with PCPs who are refocusing on managing populations and meeting payer metrics.

Diligent Robotics Closes $25 Million to Advance Systemwide Expansions of Socially-Intelligent Service Robots, Empower Healthcare Professionals

The company expects to triple its Moxi healthcare robot market footprint of 22 health systems using $25 million in new funding. 

Morning Headlines 9/21/23

September 20, 2023 Headlines No Comments

Epic Systems’ growth means new roads, many changes for Verona

Epic begins construction on its sixth campus and considers building a seventh, with its planned 2024 headcount of 13,300 employees nearly matching that of the entire population of its home town of Verona, WI.

UpHealth subsidiary files for bankruptcy after unfavorable court ruling

UpHealth Holdings, which offers digital-first care management services and virtual care infrastructure, files Chapter 11 bankruptcy following a court’s ruling that it must pay an investment bank its $31 million fee for arranging its 2021 SPAC merger.

Musk’s Neuralink to start human trial of brain implant for paralysis patients

Elon Musk says his startup has received approval to begin human trials of its brain-computer interface implant for paralysis, which will take six years to complete.

AI Startup Corti Raises $60 Million to Take on Microsoft in Health Care

The Denmark-based company, whose voice assistant listens to doctor-patient conversations and makes recommendations based on similar conversations, is valued at $260 million.

Morning Headlines 9/20/23

September 19, 2023 Headlines 2 Comments

Oracle Transforms Care Delivery with Next-Generation Millennium EHR and Generative AI Capabilities

Oracle announces “the new Oracle Health EHR platform” at its annual conference, which it says will use the Oracle Cloud Infrastructure to offer a modern interface and intuitive processes.

Avel eCare Expands Hospitalist and Senior Care Telemedicine Services with Acquisition of Fident Health

Telemedicine services company Avel ECare acquires Fident Health, a virtual hospitalist business based in Texas.

Bright Health Group Continues to Make Significant Progress Towards ACA Insurance Business Wind-Down

Bright Health announces it has paid 80% of its final ACA insurance business risk adjustment obligations, leaving $380 million still owed to CMS as it continues to close out that business.

Bankrupt Digital Health Company Babylon Sells UK Assets for Just $620,000

Forbes reports that now insolvent digital health company Babylon’s sale of its UK assets fetched a paltry $620,000.

Amenities Health Closes Series A, Raising a Total of $10M to Modernize Health System Digital Front Doors

Amenities Health, a patient acquisition and digital front door software startup based in Dallas, raises $6.25 million in a Series A funding round.

Morning Headlines 9/19/23

September 18, 2023 Headlines No Comments

MedSitter Announces Rebranding, Changes Name To Collette Health

Virtual patient observation and analytics company MedSitter rebrands to Collette Health.

Veradigm Inc. Provides Audit Update and Updates Financial Guidance for 2023

Veradigm reports that it is taking longer than anticipated to correct accounting errors that have led to de-listing warnings from Nasdaq, and will thus file yearly and quarterly reports later than expected.

Oracle Brings Generative AI Capabilities to Healthcare

Oracle adds new generative AI-powered Clinical Digital Assistant capabilities to its EHR solutions.

Morning Headlines 9/18/23

September 17, 2023 Headlines No Comments

Summus Raises $19.5 Million to Expand Solutions Solving the Access Problem in Specialty Care

Summus, which offers virtual access to specialty consults, raises $19.5 million.

VA wraps first-wave EHR fixes, but employees ‘strongly disagree’ it’s ready to move forward

Though the VA has completed its first round of EHR fixes, at least one facility already live on the software is still experiencing frequent outages that force it to revert to downtime procedures.

No ransom to hackers, says Claxton-Hepburn, Carthage Area Hospital CEO

Claxton-Hepburn Medical Center (NY) and Carthage Area Hospital (NY) resume nearly normal operations while they determine if hackers were able to obtain any significant data during a ransomware attack several weeks ago.

Morning Headlines 9/15/23

September 14, 2023 Headlines No Comments

Senators call on DOD to explain whether its medical records system is causing recruiting delays

Several senators question whether or not the DoD’s new MHS Genesis EHR has caused delays in processing new military recruits.

NHS still reliant on paper notes and drug charts despite electronic upgrades

Seventy-five percent of NHS trusts report they still rely on paper patient notes and drug charts, despite government initiatives to eliminate paper prescribing by 2024 and to implement digital health records at 90% of trusts by the end of 2023.

Apple introduces the advanced new Apple Watch Series 9

The newly announced Apple Watch Series 9 adds the ability to use Siri to request on-device health and fitness information, such as data from connected monitors, and to log health data such as weight and meds.

Morning Headlines 9/14/23

September 13, 2023 Headlines No Comments

Aspirion Acquires Infinia ML, an established leader in AI and Machine Learning

RCM technology vendor Aspirion acquires AI-powered intelligent document processing platform vendor Infinia ML

VA Going ‘Back to the Drawing Board’ for EHRM Deployment Schedule

The VA will develop a new deployment schedule for its EHR Modernization program, likely resuming in the summer of 2024 provided the scheduled March 2024 roll out of the Oracle Health system at the Captain James A. Lovell Federal Health Care Center goes well.

Carenostics helps clinicians prioritize at-risk patients

Carenostics,a clinical decision support software startup initially focused on chronic kidney disease, raises $5 million in seed funding.

Morning Headlines 9/13/23

September 12, 2023 Headlines No Comments

Bain & Company and KLAS study finds 80% of US healthcare providers are accelerating spending on IT and software with AI top of mind

A study of 200 provider executives finds that most health systems increased their spending on software and IT significantly in the past year, with revenue cycle management and clinical workflow optimization being the top investment areas.

Senate confirms deputy secretary at VA

The Senate confirms Army veteran and VA Chief of Staff Tanya Bradsher as deputy secretary, where she will be responsible for the VA’s Oracle Cerner implementation.

HSHS, Prevea restore health records system

Hospital Sisters Health System and affiliate Prevea Health restore their Epic system after a cyberattack forced both organizations to downtime procedures two weeks ago.

Morning Headlines 9/12/23

September 11, 2023 Headlines No Comments

Oracle comes up short on revenue but touts AI cloud contracts

Oracle’s quarterly revenue falls short of analyst expectations, with Cerner’s revenue growth slowed by its “accelerated transition” to the cloud.

Cano Health Announces Plans for Regaining Compliance with NYSE Stock Price Criteria

The NYSE puts troubled primary care company Cano Health on notice for listing noncompliance, given that the average closing price of a share of its Class A common stock was less than $1.00 per share over a consecutive 30 trading-day period.

Thoma Bravo Weighs $1 Billion Private Credit Loan for NextGen Acquisition

Private equity firm Thoma Bravo considers arranging $1 billion in private financing for its acquisition of ambulatory health IT company NextGen Healthcare.

CT hospitals unsure if patient records were breached in cyberattack

Prospect Medical Holdings is working to determine if patient information within its 16 hospitals was breached in a ransomware attack by the Rhysida group more than a month ago.

Morning Headlines 9/11/23

September 10, 2023 Headlines No Comments

Walmart Explores Buying Majority Stake in ChenMed

Walmart reportedly considers acquiring a majority stake in Medicare Advantage primary care clinic operator ChenMed.

US indicts nine alleged members of Russian cybercrime gang that targeted hospitals

The Department of Justice indicts nine men with ties to a cybercriminal group that has accumulated $100 million in ransomware payments from US hospitals.

Ranking Member Cassidy Seeks Information from Stakeholders on Improving Americans’ Health Data Privacy

HELP Committee ranking member Senator Bill Cassidy, MD (R-LA) solicits solutions to protecting patient privacy related to wearables, smart devices, and apps, none of which are covered by HIPAA.

Morning Headlines 9/8/23

September 7, 2023 Headlines No Comments

US healthcare tech company to lay off around 100 workers in Dublin

Michigan-based Merative, the former IBM Watson Health, will lay off 100 Irish employees ahead of opening three facilities in India.

Integral Secures $6.9 Million Seed Round led by Haystack to Maximize Data Privacy and Quality

Health data privacy automation startup Integral raises $7 million in seed funding.

More technical problems found with VA’s disability claims system

The VA will review its online disability systems after discovering that technical issues delayed disability claims for veterans who tried to update their dependency status or to file appeals online.

Morning Headlines 9/7/23

September 6, 2023 Headlines 3 Comments

NextGen Healthcare Enters into Definitive Agreement to Be Acquired by Thoma Bravo

Thoma Bravo will acquire NextGen Healthcare in a take-private deal valued at over $1.5 billion.

Concord Health Partners Invests in NeuroFlow

Behavioral health technology vendor NeuroFlow secures funding from Concord Health Partners.

ERPHealth Acquires Manifesto, Expanding its Behavioral Health Outcome Tracking Platform to include Peer Support and Health Coaching.

Behavioral health outcomes tracking software vendor ERPHealth acquires Manifesto, which offers a peer support and behavioral health coaching app.

ModuleMD Acquires Diversified Healthcare and MedEase to Expand Revenue Cycle Management Footprint

Specialty-focused health IT company ModuleMD acquires Diversified Health Care Management and Professional Management Services, both of which offer practice management and RCM software and services.

Morning Headlines 9/6/23

September 5, 2023 Headlines No Comments

UPMC is preparing for a massive transfer of medical records

UPMC will replace Oracle Health / Cerner and eight other EHRs with Epic over the next three years.

Thoma Bravo Nears Deal for NextGen Healthcare

Private equity firm Thoma Bravo is reportedly in advanced stages of negotiation to acquire NextGen Healthcare.

TeleVox Acquires Odeza Patient Engagement Business from Ensemble Health Partners

Patient engagement technology vendor TeleVox acquires the Odeza patient engagement business of RCM company Ensemble Health Partners.

Morning Headlines 9/1/23

August 31, 2023 Headlines No Comments

Firm behind NHS GP at Hand service places two divisions into administration

Babylon Health sells its UK business, including the GP at Hand app, to US-based in-home test kit vendor EMed Healthcare.

FBI, Partners Dismantle Qakbot Infrastructure in Multinational Cyber Takedown

The FBI and its partners shut down the Qakbot bot that was used to perform several recent cyberattacks on US hospitals.

SoftBank, General Atlantic-Backed Biofourmis’ Founder Steps Down As CEO

Biofourmis CEO Kuldeep Rajput resigns from the remote patient monitoring platform vendor one month after the company laid off 120 employees.

Morning Headlines 8/31/23

August 30, 2023 Headlines No Comments

OpenAI releasing version of ChatGPT for large businesses

OpenAI releases an enterprise version of ChatGPT that features enhanced security, privacy, and speed.

Better Life Partners Raises $26.5 Million in Series B Financing

Hybrid substance use disorder treatment company Better Life Partners raises $26.5 million, bringing its total raised to $38 million.

Houston hospital opens tech hub in the Ion

Houston Methodist opens a 1,200 square-foot Tech Hub to showcase innovative solutions it’s implementing in the hospital setting and to promote cross-industry collaboration.

Morning Headlines 8/30/23

August 29, 2023 Headlines No Comments

In project ‘Secret Tiger,’ Nomi Health copied a Texas COVID-19 app, lawsuit claims

A federal judge orders COVID-19 testing firm Nomi Health to pay $7 million to Texas software developer OSGHD, who sued Nomi for licensing its product only long enough to copy its design to create its own system.

HSHS, Prevea get some phones back, but outages continue

Hospital Sisters Health System (IL) and affiliate Prevea Health (WI) revert to downtime procedures after an unidentified outage forces their systems offline.

TPG and Crowe LLP to Establish Crowe Healthcare Consulting as Independent Company

TPG will acquire a majority stake in revenue cycle software and services company Crowe Healthcare Consulting and rebrand it as Kodiak Solutions.

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