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Morning Headlines 8/15/22

August 14, 2022 Headlines No Comments

Digital health unicorn Truepill conducts third round of layoffs in 2022

Truepill, which offers white-labeled, API-connected virtual pharmacy and telehealth solutions as well as home diagnostic kits, reportedly conducts its third round of layoffs this year.

Growth Report: Oracle Cerner continues to expand client relationships

Oracle Cerner announces it executed 161 new, extended, or expanded contracts from April to June 2022, including 11 new clients.

Signify Health to lay off 489 people, including 45 in Connecticut

Signify Health, the value-based home health provider reportedly being pursued by CVS Health, notifies the State of Connecticut’s Department of Labor that it will lay off 489 people beginning October 1.

Morning Headlines 8/12/22

August 11, 2022 Headlines No Comments

GHX Launches Lumere Consulting Services to Accelerate the Clinically Integrated Supply Chain

Global Healthcare Exchange (GHX) Lumere launches a consulting service to help hospitals with their cost-saving and clinical variation programs.

Abridge Secures $12.5M in Funding and Launches Enterprise Solution to Combat Physician Burnout in Healthcare and Help Patients Stay on Top of Their Health

AI-powered medical documentation vendor Abridge raises $12.5 million in Series A funding.

Peraton to Serve as Defense Health Agency’s Enterprise Information Technology Services Integrator

The Defense Health Agency’s Military Health System awards a subsidiary of government contractor Peraton a 10-year, $2 billion contract for digital transformation services.

Morning Headlines 8/11/22

August 10, 2022 Headlines No Comments

Biofourmis Raises Additional Funding from Intel Capital in Series D Extension and Names Top Healthcare Leaders to its Board

Intel Capital invests $20 million in analytics-powered virtual care company Biofourmis, extending its Series D round to a final $320 million.

Kansas City Medical Information Technology Company Agrees to Pay $1.8M to Resolve Racial Discrimination Alleged by US Department of Labor

Cerner will pay $1.86 million to 1,870 job applicants to resolve federal allegations that it discriminated in hiring black and Asian applicants between 2015 and 2019.

VHA Launches New Playbook Outlining Digital Health Care Needs For Patients

The Veterans Health Administration publishes a Digital Healthcare Playbook to help the private sector better understand what the VA wants in future healthcare technology systems and devices, and to serve as an internal review of its current software utilization.

Morning Headlines 8/10/22

August 9, 2022 Headlines No Comments

Availity to Acquire Diameter Health, A Leader in Clinical Data Interoperability

Health information network management company Availity will acquire Diameter Health, which specializes in data optimization and interoperability, marking its second acquisition of the year.

CPSI Announces Second Quarter 2022 Results

CPSI announces Q2 results: revenue up 21%, EPS $0.21 versus $0.42, with shares down 15% in the past 12 months.

Tens of thousands of tablets VA distributed for telehealth appointments go unused

An audit of the Veterans Health Administration’s video connect program – budgeted at $14.5 million – finds that 51% of the 41,000 patients who were loaned tablets for telehealth appointments in 2021 never used them for that purpose.

Morning Headlines 8/9/22

August 8, 2022 Headlines No Comments

Netsmart Announces the Skilled Nursing Industry’s Only Data Analytics Solution with a Complete View of Claims, MDS, and Staffing

Netsmart acquires Zimmet Healthcare’s Core Analytics offering for skilled nursing facilities.

HHS Awards Nearly $90 Million to Community Health Centers to Advance Health Equity through Better Data

HHS awards nearly $90 million to 1,400 health centers across the country to help them improve data collection and reporting.

EirSystems Announces Close of Seed Financing Round to Advance Software for Preventing Prescription Abuse

Tennessee-based e-prescribing startup EirSystems secures seed funding in a round led by Solas BioVentures.

Morning Headlines 8/5/22

August 4, 2022 Headlines No Comments

WVU Medicine’s partnership with DHS is ending

Davis Health System (WV) and WVU Health will end their partnership due to Davis Health’s decision to implement Cerner, rather than adopt WVU Health’s cost-prohibitive Epic system.

Allscripts Announces Second Quarter of 2022 Results

Allscripts announces Q2 results: revenue up 7%, adjusted EPS $0.18 versus $0.18, beat revenue expectations, but falling short on earnings.

Atropos Health Announces $14M Series A, Taps Co-founder as CEO

Atropos Health, which offers a digital consultation service for providers, raises $14 million in a Series A funding round.

Veritas completes merger of RCM firms Coronis and MiraMed

Veritas Capital merges recently acquired RCM vendors Coronis and MiraMed Global Services to offer providers end-to-end RCM software and services.

Morning Headlines 8/4/22

August 3, 2022 Headlines No Comments

Homeward Secures $50 Million in Series B Funding to Improve Access to High-Quality Healthcare in Rural Communities

Rural hybrid care company Homeward raises $50 million in a Series B funding round, bringing its total raised to $70 million.

CareTrack Health Secures $2.5 Million Investment from Hybrid Capital Partners

Patient adherence software vendor CareTrack secures $2.5 million from Hybrid Capital Partners.

Athenahealth Implements DrFirst’s Digital Engagement Solution to Encourage Patients to Follow Prescribed Treatment Plans

Athenahealth integrates DrFirst’s RxInform patient medication notification software with its EHR to improve medication adherence.

Morning Headlines 8/3/22

August 2, 2022 Headlines No Comments

Lyniate Merges with CareCom, Further Extending Capabilities of Interoperability Leader

Lyniate acquires Denmark-based clinical terminology management vendor CareCom.

Hawley Calls for FTC Review of Amazon’s One Medical Acquisition

Sen. Josh Hawley (R-MO) asks the FTC to review Amazon’s planned acquisition of One Medical, which he says gives Amazon too much power to push non-prescription blood pressure medications at Whole Foods that are based on One Medical patient data.

VA names functional champion for electronic health record modernization program

The VA tasks David Massaro, MD – formerly an executive within the VHA’s Office of Health Informatics – with coordinating the development and implementation of the agency’s EHR modernization program across its offices.

Morning Headlines 8/2/22

August 1, 2022 Headlines 1 Comment

Carequality Interoperability Framework Expands To Allow Federal Participation

Carequality expands its interoperability framework to allow the participation of federal agencies, courtesy of updated agreements with existing member EHealth Exchange.

PE-backed Zelis buys Spectrum’s Payer Compass

Healthcare payment company Zelis Healthcare acquires healthcare pricing solutions business Payer Compass, which gears its services toward employers and payers, for $180 million.

Oracle Cuts Workers in US Customer Experience Unit

Confirming earlier reports, Oracle lays off staff in its marketing and customer experience divisions as it buckles down on revitalizing Cerner’s work with the VA.

Morning Headlines 8/1/22

July 31, 2022 Headlines 2 Comments

Sentry deal doubles Craneware revenue

Scotland-based charge master software vendor Craneware attributes its jump in revenue and earnings to its July 2021 acquisition of US-based pharmacy systems vendor Sentry Data Systems.

Spok Reports Second Quarter 2022 Results

Spok announces Q2 results: revenue down 6%, EPS $0.10 versus –$0.04.

Pediatric Medical Centers Improve the Efficiency of Investigator-Initiated, Multi-Site, Collaborative Research with TriNetX

TriNetX announces members of its Pediatric Collaboratory Network – Children’s National Hospital, WVU Medicine Children’s, Children’s Health, and Johns Hopkins All Children’s Hospital.

Morning Headlines 7/29/22

July 28, 2022 Headlines No Comments

Teladoc loses $3 billion in three months, stock plummets 24%

Teladoc Health shares drop 18% on Q2 results: revenue up 18%, EPS –$19.22 versus –$0.86, missing Wall Street expectations for both.

NeuroFlow Launches a Comprehensive Referral Network to Meet Demand for Behavioral Health Care

Behavioral health integration vendor NeuroFlow launches a referral network of behavioral health providers, tele-therapy companies, and tele-psychiatry organizations to expand access to care.

BD Acquires MedKeeper to Offer Cloud-based, Connected Pharmacy Software

BD acquires MedKeeper, which offers cloud-based hospital pharmacy applications for IV verification and medication delivery tracking.

Morning Headlines 7/28/22

July 27, 2022 Headlines 2 Comments

Payment Integrity Leader ClaimLogiq Acquires NLP Pioneer SyTrue

Payer-focused payments company ClaimLogiq acquires healthcare natural language processing technology vendor SyTrue.

NextGen Healthcare Reports Fiscal 2023 First Quarter Results

Despite Q1 revenue growth, NextGen’s revised 2023 revenue and earnings estimates cause shares to drop 5% in after-hours trading.

VA’s $16 billion health records overhaul may be scrapped if fixes aren’t made

House lawmakers say VA administrators will have to seriously consider pulling the plug on its EHR modernization efforts if improvements aren’t made in time for further roll outs early next year.

Morning Headlines 7/27/22

July 26, 2022 Headlines No Comments

Clearwater Adds 24/7 Managed Detection and Response Services and HITRUST, CMMC and PCI Certification Services Through Acquisition of Tech Lock

Healthcare cybersecurity, compliance, and risk management vendor Clearwater acquires RevSpring subsidiary Tech Lock, which offers similar services for a variety of industries including healthcare.

Mayo Clinic, Mercy Collaborate to Globally Transform Patient Care

Mayo Clinic and Mercy announce a 10-year partnership in which they will transform their de-identified treatment and outcomes data into actionable insights for improved patient care.

RLDatix Acquires Galen Healthcare Solutions

Governance, risk, and compliance vendor RLDatix acquires Galen Healthcare Solutions, which offers system support, implementation, optimization, data migration, and cloud-based legacy system retirement.

Elation Health Announces $50M Series D for Innovative Primary Care

Primary care EHR vendor Elation Health raises $50 million in a Series D funding round, increasing its total to $109 million.

3M Announces Plans to Create Long Term Value Through Spin-Off of Health Care Business

3M will spin off its healthcare business into a stand-alone company focused on health IT, wound care, oral care, and biopharma filtration.

Morning Headlines 7/26/22

July 25, 2022 Headlines No Comments

Theator, an AI platform that analyzes surgery videos, closes out its Series A at $39.5M

Theator, which uses AI to derive insights from videos of operations, caps its Series A funding round at $39.5 million.

Your Pediatrician is a Message Away: Announcing Summer Health and our $7.5M Seed Round from Sequoia and Lux

Text message-based concierge care provider Summer Health announces $7.5 million in seed funding.

VA Roseburg medical center hit with electronic health records outage

The Roseburg VA Health Care System’s Cerner-based EHR went down for several hours last week due to a patient registration programming glitch.

Morning Headlines 7/25/22

July 24, 2022 Headlines No Comments

Statement of Mike Sicilia, Executive Vice President Industries Oracle Corporation Before the U.S. Senate Committee on Veterans’ Affairs Hearing on Examining the Status of VA’s Electronic Health Record Modernization Program

Oracle EVP Mike Sicilia tells the US Senate Committee on Veterans’ Affairs that Oracle will move the VA’s Cerner implementation to the cloud and rewrite Cerner’s pharmacy module, completing both tasks within six to nine months.

Pre-Visit Clinical Intake Automation Company Health Note Nabs $17M in Funding Round

Health Note will use a $17 million Series A funding round to expand its market presence and EHR integrations, and invest in additional research and development.

Ascom acquires French software developer Appliware

Ascom acquires Appliware, a France-based developer of long-term care solutions for patient monitoring and alarming.

London NHS trust cancels operations as IT system fails in heatwave

In the UK, IT and telephone system servers at one of NHS’s largest trusts go down as data center cooling systems fail to keep up with a record heat wave.

Morning Headlines 7/22/22

July 21, 2022 Headlines 1 Comment

Amazon to buy One Medical for $3.9 billion as it expands healthcare footprint

The announcement comes two weeks after reports that primary care operator One Medical, whose share price had dropped by nearly two-thirds in the past 12 months, was exploring its options after reported acquisition interest by CVS Health didn’t materialize.

Internal document reveals more frequent computer problems at Spokane VA than previously known

The Spokane paper says that the Mann-Grandstaff VA Medical Center users have experienced more than 180 episodes of system degradation or downtime since September 2021.

VA’s $16 billion medical records overhaul could triple in cost

VA officials say its Oracle Cerner project could cost $51 billion over the next 30 years when maintenance and staffing are factored in.

Justice Department Seizes and Forfeits Approximately $500,000 from North Korean Ransomware Actors and their Conspirators

DOJ seizes $500,000 from North Korean hackers and returns the $220,000 that two US hospitals had paid in ransomware attacks.

Morning Headlines 7/21/22

July 20, 2022 Headlines No Comments

How Apple is empowering people with their health information

A new Apple report proclaims the company as “an intelligent guardian for [consumer] health and safety,” dividing its products between health and fitness (the Health app and the Apple Watch) and medical community collaboration (ResearchKit for study recruitment, Health Records to give patients access to provider data, Apple Watch for health system integration, and the company’s work in building COVID-19 apps and features).

Simplified Transfer Learning for Chest Radiography Model Development

An article published in the journal Radiology describes how Google Health has used advanced machine learning methods to pre-train chest X-ray networks that convert images into numerical vectors, which allows high-quality models to be created from 600-fold less data that can detect abnormalities and perform better in underrepresented populations and rare conditions.

Invitae to Lay Off Over 1,000 Workers Amid Restructuring, Leadership Transition

The medical genetic testing company will lay off 1,000 of its 2,900 employees, restructure, eliminate non-core operations and geographies, focus on profitable business lines, and shuffle its executive leadership and board.

VA scraps last EHR go-live date in FY 2022, amid IG accounts of patient harm

The VA postpones its last remaining 2022 go-live on Oracle Cerner, saying that the system isn’t ready to be used in larger facilities because of stability issues.

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  1. re: Cigna payment model/denials - this is not surprising at all. I had a client sue another large national payer…

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