Morning Headlines 5/10/18

Tencent’s WeDoctor raises $500 million, values firm at $5.5 billion pre-IPO

In China, diagnosis and appointment booking app company WeDoctor raises $500 million in a round led by AIA Company Ltd. Its $5.5 billion pre-IPO valuation puts it ahead of competitor Ping An, whose recent IPO peaked at $1.1 billion before shares started to tumble.

A few days after Epic Systems roll-out, everything going as planned

Mayo Clinic’s Epic roll out in Rochester, which kicked off Saturday, is going according to plan, perhaps “a little better than expected,” according to implementation co-chair Steve Peters, MD.

Innovaccer Raises $25 Million Series B to Build Healthcare’s Leading Data Platform and Drive $1 Billion in Healthcare Savings

Analytics vendor Innovaccer secures $25 million in a funding round that brings its total raised to $41 million.

Morning Headlines 5/9/18

Former Medicare chief Andy Slavitt formally launches Town Hall Ventures to invest in healthcare

Former CMS Administrator Andy Slavitt launches Town Hall Ventures to invest in health IT companies focused on serving Medicaid and Medicare populations.

The CEO of a health startup backed by Eric Schmidt and top VCs has been fired amid allegations he intimidated employees

HealthTap’s Board of Directors ousts CEO Ron Gutman after looking into high turnover rates and concerning reports about his abusive conduct.

Protection of Patient Health Information at Navy and Air Force Military Treatment Facilities

The DoD’s Office of the Inspector General finds glaring disregard for data security across 17 information systems at a handful of Air Force and Navy healthcare facilities.

Walmart and Sam’s Club to restrict opioid fill limit up to seven days nationwide; require e-prescriptions for opioids by 2020

In order to cut down on fraud and abuse, Walmart will require that all opioid prescriptions be filed electronically with its pharmacies by 2020.

Morning Headlines 5/8/18

Paul Singer’s Elliott makes all-cash offer for Athenahealth of $160 a share

Elliott Management makes an all-cash offer of $160 per share for Athenahealth, putting the transaction’s total value at more than $6 billion.

MTBC Signs Acquisition Agreement that could Increase Revenues by at least 50%

MTBC will acquire the practice management, revenue cycle, and group purchasing organization assets of Houston-based Orion Healthcorp and its 13 affiliates.

How to Lose $700 Million, Theranos-Style

Wall Street Journal Theranos investigator John Carreyrou uncovers a list of high-profile investors who helped Theranos secure over $700 million in funding.

Morning Headlines 5/7/18

Mayo Clinic launches massive medical records overhaul

Mayo Clinic goes live on Epic at its Rochester, MN campus as part of a $1.5 billion system-wide software overhaul that will bring all of its facilities onto a single platform.

Buffett targets CEO for Berkshire-Amazon-JPMorgan healthcare venture soon

Berkshire Hathaway CEO Warren Buffett reiterates his commitment to the healthcare improvement project his company is launching with JPMorgan and Amazon, emphasizing that a CEO will be in place within the next two months.

Trump May Pick 40-Year VA Insider To Run Veterans Health Administration

DisabledVeterans.org suggests that President Trump will meet with National Association of Veterans Affairs Physicians and Dentists President Samuel Spagnolo, MD to discuss his potential nomination for VA Secretary.

Morning Headlines 5/4/18

Allscripts to significantly expand FollowMyHealth® patient engagement platform portfolio with new, advanced capabilities through acquisition of HealthGrid

Allscripts will acquire patient engagement and CRM company HealthGrid for $60 million.

Up to 270 women may have died after breast cancer screening IT error

NHS Health Secretary Jeremy Hunt says a 2009 algorithm error likely contributed to 450,000 women missing breast cancer screenings over an eight-year period, resulting in the deaths of between 135 and 270.

Health Catalyst Acquires Medicity

Data analytics vendor Health Catalyst acquires HIE vendor Medicity – both based in Salt Lake City – for an undisclosed price.

Morning Headlines 5/3/18

Beth Israel Deaconess Medical Center Launches Health Technology Exploration Center

Beth Israel Deaconess taps CIO John Halamka, MD to lead its new Health Technology Exploration Center, which will explore the role of emerging technologies like blockchain and IoT in healthcare delivery.

Cerner Reports First Quarter 2018 Results

Cerner shares drop after the company reports lower than forecasted Q1 revenue of $1.29 billion.

Nokia is selling its smart watch and digital health business

After acquiring Withings in 2016 to build out its digital health business, Nokia plans to sell the business to Withings co-founder and former chairman Éric Carreel.

Morning Headlines 5/2/18

Health2047 Inc. Secures $27.2M Investment From the American Medical Association to Fuel Business Momentum

AMA invests $27 million in the Health2074 technology company it founded in 2016 with a $15 million investment.

EXL deepens investment in Healthcare and Analytics by signing a definitive agreement to acquire payment integrity and population risk management company SCIOInspire Holdings, Inc.

Operations management and analytics company EXL will acquire SCIO Health Analytics for $240 million.

Jackson Won’t Return As Trump’s Personal Physician, Report Says

White House officials conclude that several of the allegations made against President Trump’s former personal physician and VA Secretary nominee Ronny Jackson, MD released last week by Senator Jon Tester (D-MT) are not true.

Morning Headlines 5/1/18

Fitbit stock soars after announcement of collaboration with Google

Fitbit will use Google’s Cloud Healthcare API to share user data with providers via their EHRs.

American Well to Acquire Avizia, Deepening Capabilities in Acute Care Delivery

American Well will acquire acute care telemedicine vendor Avizia for an undisclosed sum.

‘Who the hell is this person?’ Trump’s Mar-a-Lago pal stymies VA project

Reports surface that a West Palm Beach physician with ties to President Trump’s inner circle may be behind the VA/Cerner contract delay. Bruce Moskowitz, MD has expressed dissatisfaction with Cerner’s technology based on his use at two hospitals in Florida.

Datavant Acquires Universal Patient Key and Closes $40M Financing Round

Health data management company Datavant raises $40 million and acquires data de-identification vendor Universal Patient Key.

Morning Headlines 4/30/18

DOD’s e-health record implementation to kick back off in 2019

DoD officials reassure legislators that the MHS Genesis roll out will pick back up with West Coast facilities in 2019, and that full deployment by 2022 is still achievable.

Erlanger earnings take a hit from new record system

Erlanger Health System (TN) attributes its third quarter $4 million shortfall to a 10-year, $100 million Epic implementation that kicked off with inpatient services last fall.

Jeremy Hunt launches review into training NHS staff to use new tech

In the UK, Health Secretary Jeremy Hunt brings in Eric Topol, MD to lead a review of how to best train NHS staff on using new technologies including AI, digital health, robotics, and genomics.

Morning Headlines 4/27/18

FDA chief moves to promote artificial intelligence in health care

The FDA announces it will tweak its pre-certification software program to better accommodate AI-powered technology, and the launch of a digital health incubator.

Trump’s VA pick bows out after allegations pile up

Rear Admiral Ronny Jackson, MD withdraws his nomination for VA Secretary.

Statement by VA press secretary Curt Cashour on VA’s near-term priorities under Acting Secretary Robert Wilkie

Despite a lack of leadership, the VA will move forward with near-term priorities that include signing the Cerner EHR contract, for which $1.2 billion has been allotted.

athenahealth Reports First Quarter Fiscal Year 2018 Results

Athenahealth announces Q1 results: revenue up 12 percent, with bookings down by $25 million for the quarter.

Morning Headlines 4/26/18

Doctor on Demand Announces $74 Million Series C Financing

Doctor on Demand raises $74 million in a Series C funding round led by Princeville Global and Goldman Sachs Investment Partners.

2018 Healthcare Prognosis

Venrock survey takers believe the Amazon/Berkshire Hathaway/JPMorgan deal won’t amount to much in the near-term, but do feel Amazon (and Apple) are poised to make big healthcare progress in 2018.

Trump After Dark: No Action Jackson edition

Senate Democrats publish allegations against VA Secretary nominee Ronny Jackson, MD that include giving out prescription drugs to staffers, drinking to excess while on the job, and managerial misconduct.

Morning Headlines 4/25/18

CMS Proposes Changes to Empower Patients and Reduce Administrative Burden

A proposed HHS rule would retarget the Medicare and Medicaid EHR Incentive Programs to “a new phase of EHR measurement with an increased focus on interoperability and improving patient access to health information.”

Ping An healthcare unit maps out plan for $1.1 billion Hong Kong IPO

China’s largest Internet healthcare platform, insurance subsidiary Ping An Healthcare and Technology, plans a $1.1 billion IPO on the Hong Kong exchange.

Transcription Service Leaked Medical Records

Kansas-based transcription firm Medantex takes down its customer web portal after security researcher Brian Krebs notifies the company that its audio recordings and site administrative functions were wide open to any Internet user.

After Trump Hints V.A. Nominee Might Drop Out, an Aggressive Show of Support

The Senate postpones the VA secretary nomination hearing of Admiral Ronny Jackson, citing allegations of improper conduct in his military career that require further investigation.

Morning Headlines 4/24/18

Former VA CIO optimistic that IT initiatives will move forward

Former acting VA CIO Scott Blackburn downplays speculation that his departure, as well as that of former VA Secretary David Shulkin, MD will hinder the agency’s progress on purchasing and implementing a new Cerner EHR – a contract he expects will be signed within the next couple of months.

Hacker Group Is Targeting Healthcare For Corporate Espionage, Symantec Warns

Symantec reports that a new hacker group called Orangeworm is conducting industrial espionage through custom malware attacks on medical imaging software.

Defense Electronic Health Records Program Seeks Help Organizing Influx of Data

The Defense Health Agency looks for vendors capable of consolidating and migrating data from its enterprise storage systems as it moves to the new MHS Genesis EHR.

Feedback on New Direction Request for Information (RFI) Released, CMS Innovation Center’s Market-Driven Reforms to Focus on Patient-Centered Care

CMS looks for additional feedback on direct provider contracting, which would enable Medicare patients and providers to bypass an administrative middleman in an effort to lower costs and improve care.

Morning Headlines 4/23/18

Beaumont, Henry Ford rethink the ICU

Beaumont Hospital Royal Oak (MI) redesigns its ICU to display data from Epic and monitors in a big-screen graphical format that increases real-time data visibility with fewer clicks.

Switching programs, MultiCare Spokane hopes to streamline medical records for patients

MultiCare Spokane (WA) will switch to Epic on June 1, putting the region’s largest health systems on the same EHR system.

An E.R. That Treats You Like a V.I.P.

Concierge ED business models take hold, catering to affluent families willing to pay thousands of dollars annually to gain access to VIP emergency rooms that — unlike hospitals that prioritize patients by acuity — get them in and out quickly by seeing only a handful of patients each day.

Epic Systems and MEDITECH Rise Atop Black Book 2018 Survey of Inpatient EHR Client Satisfaction Joining Cerner and CPSI

A survey of 3,000 hospital EHR users finds that two-thirds of hospitals don’t use patient information from outside their own EHRs because it’s not available within their workflows.

Morning Headlines 4/20/18

Tulare hospital’s creditors lining up in court

Healthcare Conglomerate Associates – former management company of Tulare Regional Medical Center (CA) – attributes its past struggles with payroll to glitches in the Cerner system it implemented in 2016. Parent organization Tulare Local Healthcare District filed for bankruptcy last fall.

New CHCF Investment Streamlines Care Coordination in the Safety Net

California Health Care Foundation’s innovation fund invests an unspecified amount in Collective Medical.

Comcast and Independence Health to partner on new health care platform

Comcast and Philadelphia BCBS insurer Independence Health will launch a health technology platform for consumers that will focus on patient communication and education, and telemedicine.

Morning Headlines 4/19/18

Warnings of $100M Overpayment Prompt Recommendation to Void Contract

The State of Illinois Procurement Board finds evidence of a conflict of interest in the $62 million University of Illinois Hospitals EHR implementation contract awarded to Epic, prompting the board to refer the matter to the state’s ethics commission for a public hearing.

Statement from FDA Commissioner Scott Gottlieb, M.D., on new efforts to enhance and modernize the FDA’s approach to medical device safety and innovation

The FDA includes cybersecurity as part of its new Medical Device Safety Action Plan, emphasizing the need to shore up device vulnerabilities that could compromise patient safety.

Kyruus Raises $10 Million to Fuel Continued Growth

Provider data management and scheduling software vendor Kyruus raises $10 million, bringing its total funding to $72 million.

Morning Headlines 4/18/18

UNC Health Care Achieves Highest Rank Possible in Three Health IT Categories

UNC Health Care (NC) announces that it has achieved HIMSS Stage 7 for inpatient, ambulatory, and analytics, of which neighboring Duke Health was the first trifecta winner.

Livongo Health Acquires Retrofit

Livongo Health acquires 80-employee, Chicago-based Retrofit, which provides online programs for weight management and disease prevention.

Greenway Health adds 104 jobs at Tampa headquarters, thanks to $520,000 in state and local incentives

Greenway Health has added 104 jobs at its Tampa headquarters as it closed offices in Lake Mary, FL, Birmingham, AL, and Atlanta.

VA loses its CIO, creating further uncertainty for EHR modernization

Interim VA CIO Scott Blackburn, who was heavily involved in its plan to implement Cerner, resigns for unspecified reasons.