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Morning Headlines 2/17/20

February 16, 2020 Headlines 1 Comment

Feds probing how personal Medicare info gets to marketers

HHS OIG finds that CMS’s lack of oversight of its Medicare Part D eligibility database has allowed companies to submit millions of inquiries to harvest the personal health information of Medicare beneficiaries, potentially for use in telemarketing scams.

Innovaccer, the Leading Healthcare Technology Company, Raises $70 Million From Tiger Global, Steadview Capital, Dragoneer, Westbridge, Mubadala and M12 (Microsoft’s Venture Fund)

Patient records aggregator Innovaccer raises $70 million in a Series C funding round, increasing its total to $120 million.

Flywire Acquires Simplee to Transform Healthcare Payments Experience

Payments company Flywire acquires healthcare payments platform vendor Simplee.

Morning Headlines 2/14/20

February 13, 2020 Headlines No Comments

CVS Health beats on fourth-quarter earnings and revenue

CVS Health reports Q4 results: revenue up 23%, adjusted EPS 1.73 vs. $1.68, beating Wall Street expectations for both.

Carevive Systems raises new financing round with Philips and Debiopharm to accelerate advances in cancer care delivery

Oncology-focused technology company Carevive Systems raises a Series C round of financing led by Philips Health Technology Ventures and Debiopharm Innovation Fund.

Computer Programs and Systems (CPSI) Surpasses Q4 Earnings and Revenue Estimates

CPSI announces Q4 results: revenue down 2%, adjusted EPS $0.78 vs. $0.78, beating Wall Street expectations for both.

Morning Headlines 2/13/20

February 12, 2020 Headlines No Comments

HealthLynked Signs Definitive Agreement to Acquire Cura Health Management, LLC, and ACO Health Partners, LLC Adding Significant Revenue and Profitability from Its Newly Formed Accountable Care Organization Division

Membership-based patient and provider network HealthLynked acquires Cura Health Management and its ACO subsidiary for $1.75 million.

Scoop: Headspace raises $93 million

Meditation app developer Headspace will use a $93 million funding round to develop mental health tools for chronic disease patients.

WELL Health Announces Agreement to Acquire MedBASE’s OSCAR EMR Business

In Canada, Well Health Technologies acquires MedBase Software’s Open Source Clinical Application Resource (Oscar) EMR assets.

Boulder raises $10.5M to expand access to opioid addiction treatment

Addiction-focused telemedicine startup Boulder raises $10 million.

Morning Headlines 2/12/20

February 11, 2020 Headlines No Comments

One of the nation’s largest health systems drops Cerner

Florida-based AdventHealth, renamed from Adventist Health System just over a year ago, will replace Cerner with Epic.

VA delays rollout of new electronic health record

The VA pushes back its scheduled March 28 Cerner go-live at Mann-Grandstaff VA Medical Center (WA) until at least the end of April.

Intuitive Surgical Expands Into Hospital Informatics With Orpheus Medical Acquisition

Da Vinci robotic surgery system vendor Intuitive Surgical acquires Orpheus Medical, which offers a video documentation system for surgery.

3M Sues IBM in Contract Spat Over Health-Care Software

3M’s Health Information Systems division accuses IBM and its Truven Health Analytics business of using 3M software to sell data to customers without the proper licensing agreements.

Malware attack disables medical records at Children’s Hospital affiliates

Malware causes a system outage across facilities associated with the Pediatric Physicians’ Organization at Boston Children’s Hospital.

Morning Headlines 2/11/20

February 10, 2020 Headlines No Comments

Iora Health Closes $126 Million Series F Funding Round

Medicare-focused primary care company Iora Health raises $126 million in a Series F funding round led by Indian investment firm Premji Invest, bringing its total raised to nearly $350 million.

OSEHRA Shutdown

Open Source Electronic Health Record Alliance President and CEO Seong Mun announces that the company will shut down on February 14.

ONC Should Not Delay The Release Of Its Rule

Healthcare stakeholders from Omada Health and the University of California, San Francisco argue in Health Affairs against an Epic-induced delay in ONC’s release of its final interoperability rules.

Morning Headlines 2/10/20

February 9, 2020 Headlines No Comments

Thoma Bravo preps for potential $2b-plus sale of Imprivata

Private equity firm Thoma Bravo considers selling health IT digital identity vendor Imprivata, which could command a price of more than $2 billion on annual revenue in the $100 million range.

CitiusTech earmarks $100 million for acquisitions across geographies

Health IT and consulting company CitiusTech allocates $100 million for the future acquisition of niche cloud computing and AI businesses, plus health IT companies in Germany, Japan, and the UK.

Nuance Communications (NUAN) Tops Q1 EPS by 4c

Nuance announces Q1 results: revenue flat, adjusted EPS $0.27 vs. $0.27, beating Wall Street expectations for both.

Morning Headlines 2/7/20

February 6, 2020 Headlines No Comments

Waud teams up with ex-MatrixCare chief to build health IT platform

Waud Capital Partners commits $150 million to pursue health IT opportunities with former MatrixCare CEO John Daamgard, who sold the company to ResMed for $750 million in 2018.

New center seeks to strengthen clinical informatics

Vanderbilt University Medical Center (TN) creates the Vanderbilt Clinical Informatics Center, which will collaborate with care teams, clinical quality, and risk management departments to spread innovation and research and optimize its use of Epic.

VA’s Palo Alto Facility to Be First Hospital in US — Maybe the World — to Go 5G: Wilkie

The VA hospital in Palo Alto, CA will become the world’s first 5G hospital in the US once it opens later this year, giving providers the ability to expand telehealth services.

Software company OTech being combined with Dallas firm in private equity deal

Ridgemont Equity Partners will back the merger of HIM vendor HealthMark Group and patient intake management company OTech Group.

Morning Headlines 2/6/20

February 5, 2020 Headlines 4 Comments

VA’s Wilkie: EHR modernization unimpeded after Byrne’s removal

VA Secretary Robert Wilkie assures members of the press that the departure of Deputy Secretary James Byrne will not impact the department’s transition from VistA to Cerner.

Google Arm, Bain Lead $100 Million Infusion for Health-Data Startup

Patient registry analytics firm Verana raises $100 million and acquires data science company PYA Analytics.

Epic and about 60 hospital chains come out against rules that would make it easier to share medical info

Nearly 60 health systems sign off on a letter written by Epic CEO Judy Faulkner urging HHS Secretary Alex Azar to revise the proposed interoperability rules in light of their patient privacy concerns.

Our Path Forward

Consumer genetic testing company Ancestry announces it will lay off 6% of its staff, following a similar move made by competitor 23andMe several weeks ago.

Morning Headlines 2/5/20

February 4, 2020 Headlines No Comments

Cerner Reports Fourth Quarter and Full Year 2019 Results

Cerner reports Q4 results: revenue up 6%, adjusted EPS $0.75 vs. $0.63, beating analyst expectations for both.

Hinge Health Raises $90M For Digital Physical Therapy Platform

Hinge Health, an employer-focused digital physical therapy company, raises $90 million in a Series C funding round that increases its total to $126 million.

Premier Inc. to Acquire Acurity and Nexera Businesses from the Greater New York Hospital Association

Premier acquires two healthcare supply chain companies – Acurity and Nexera – from Greater New York Hospital Association for $292 million.

Morning Headlines 2/4/20

February 3, 2020 Headlines No Comments

Epic Wins Disability Suit

A federal judge grants Epic’s motion to dismiss a case brought by the National Federation of the Blind, which argued that the company’s software is designed in a way that hampers blind people from effective healthcare employment.

James Byrne out as No. 2 at VA

VA Secretary Robert Wilkie fires Deputy Secretary James Byrne, who was working closely with Wilkie on the department’s EHR transition, due to a “loss of confidence.”

MedStar Health First to Join Innovative Cerner Network of Health Systems to Conduct Clinical Research

MedStar Health (MD) becomes the first member of Cerner’s new Learning Health Network, a collaboration between health systems and clinical research organizations that aims to better enable its members to conduct medical studies.

Morning Headlines 2/3/20

February 2, 2020 Headlines No Comments

Best in KLAS 2020 Software/Services

KLAS announces its “Best in KLAS Software & Services 2020” winners, with Epic winning top Overall Software Suite for the tenth straight year as well as awards in numerous other categories.

AMN Healthcare to Acquire Stratus Video

Healthcare staffing firm AMN Healthcare will pay $475 million to acquire video-based hospital interpreter provider Stratus Video.

Google-Backed 1Life Healthcare Surges 58% in Trading Debut

Membership-based primary care company One Medical raises $245 million after seeing its shares surge 58% during its first day of trading.

Morning Headlines 1/31/20

January 30, 2020 Headlines No Comments

1Life Healthcare (One Medical) Announces Pricing of Initial Public Offering

Primary care company One Medical will price its January 31 IPO at $14 a share for expected gross proceeds of $245 million.

OxyContin maker Purdue is ‘Pharma Co X’ in U.S. opioid kickback probe –sources

Reuters names OxyContin manufacturer Purdue Pharma as the opioid vendor that paid Practice Fusion $1 million to program its EHR to encourage doctors to prescribe its products inappropriately.

Exclusive: SoftBank leads latest Alto Pharmacy funding round at over $1 billion valuation

Silicon Valley prescription technology and delivery vendor Alto reportedly raises $250 million at a valuation of over $1 billion.

Intermountain’s Marc Probst to Receive CIO of the Year Award from CHIME and HIMSS

CHIME and HIMSS honor Intermountain Healthcare CIO Marc Probst with the 2019 John E. Gall Jr. CIO of the Year award.

Morning Headlines 1/30/20

January 29, 2020 Headlines No Comments

Important Notice Regarding Individuals’ Right of Access to Health Records

A federal judge overrules a policy that places limits on the fees providers and businesses can charge patients when they request that their records be sent to a third party.

Using AI to advance the health of people and communities around the world

Microsoft will devote $40 million to its AI for Health Initiative, a five-year project that will use artificial intelligence to help partner organizations study, prevent, and treat diseases; prepare for and protect against future pandemics; and reduce healthcare inequities.

Arkansas Blue Cross and Blue Shield gives $817,000 to upgrade digital health network in state’s rural hospitals

Arkansas Blue Cross and Blue Shield donates nearly $1 million to the Arkansas Rural Health Partnership, which will work with the state’s rural hospitals to ensure they are connected to the SHARE HIE.

Morning Headlines 1/29/20

January 28, 2020 Headlines No Comments

Marlin Equity readies $2 bln-plus sale of VirginPulse

The private equity owner of wearables-powered employee wellness vendor VirginPulse reportedly is preparing to sell the company for up to $2 billion.

Imprivata Acquires GroundControl to Expand its Mobile Solutions

Imprivata acquires GroundControl, which offers enterprise digital identity authorization and access management for mobile devices.

Intelerad to be sold to Hg

The private equity owner of imaging and radiology workflow systems vendor Intelerad sells a majority stake in the company to investment fund manager Hg Capital.

LabCorp security lapse exposed thousands of medical documents

TechCrunch notifies LabCorp that a since-fixed website vulnerability left its patient CRM system and at least 10,000 documents containing patient information exposed to Internet searches.

Austin’s Enzyme Health lands $13.9M, rebrands as Wheel

Telemedicine startup Enzyme Health rebrands to Wheel in the wake of a $13.9 million funding round that will enable it to expand its offerings for providers looking to bolster their virtual care offerings.

Morning Headlines 1/27/20

January 26, 2020 Headlines No Comments

Epic ramps up campaign against HHS interop rules

Epic downplays potential plans to sue HHS over terms in its proposed data-sharing rules, instead saying it would prefer to work with HHS to fix the proposed regulations.

Evive Acquires Treatment-Guidance Tool WiserTogether

Benefits engagement technology vendor Evive acquires WiserTogether, which offers a personalized treatment guidance tool to guide people to the most-recommended, most-effective treatments.

Nextgen Healthcare (NXGN) Beats Q3 Earnings and Revenue Estimates

NextGen Healthcare reports Q3 results: revenue up 5.3%, adjusted EPS $0.23 vs. $0.18, beating Wall Street expectations for both.

Centene and WellCare complete giant health insurance merger

St. Louis-based insurer Centene completes its acquisition of WellCare Health Plans, creating the country’s largest health insurer with 23.4 million covered people and $100 billion in annual revenue

Morning Headlines 1/24/20

January 23, 2020 Headlines 2 Comments

23andMe lays off 100 people as DNA test sales decline, CEO says she was ‘surprised’ to see market turn

Consumer DNA testing company 23andMe lays off 100 employees as it struggles with declining sales.

Babylon Health is building an integrated, AI-based health app to serve a city of 300K in England

Babylon Health signs a 10-year agreement with the Royal Wolverhampton NHS Trust to develop an app that will offer the city’s residents diagnoses, virtual care, and monitoring of chronic conditions; plus appointment booking, prescription refills, and other care management capabilities.

Wuhan Coronavirus: Epic Sends Automatic Travel Screening Update to Spot New Cases

Epic updates its software to include travel screening prompts for patients who may have traveled from China or who are experiencing symptoms of the coronavirus.

Cybersecurity Vulnerabilities in Certain GE Healthcare Clinical Information Central Stations and Telemetry Servers: Safety Communication

The FDA alerts hospitals to cybersecurity flaws found in some GE Healthcare Clinical Information Central Stations and Telemetry Servers that could enable hackers to effectively take over devices and gain access to PHI.

Morning Headlines 1/23/20

January 22, 2020 Headlines 6 Comments

Epic’s CEO is urging hospital customers to oppose rules that would make it easier to share medical info

Judy Faulkner urges CEOs at some of Epic’s largest hospital customers to sign a letter to HHS Secretary Alex Azar protesting the proposed interoperability rule published last year.

Gentem raises $3.7 million to fund future growth

San Francisco-based Gentem raises $3.7 million in a seed funding round that will help the company scale its RCM technology for physician practices.

DoctorLogic Secures $7 Million Series A Financing From Unbundled Capital

Medical marketing software and services vendor DoctorLogic raises $7 million in a Series A round.

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