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Morning Headlines 6/16/22

June 15, 2022 Headlines 1 Comment

Constellation4 Health closes round with new outside investment

Florida-based startup Constellation4 Health raises pre-seed funding and acquires Vulcan Health, an offshoot of Florida Eye Specialists & Cataract Institute that specializes in digital referral management technology.

AI technology platform Excelera to merge with SPAC Future Health ESG

Excelera, a healthcare AI technology vendor focused on helping physicians succeed in value-based care programs, will merge with SPAC Future Health ESG.

Proximie Raises $80 Million in Series C Funding to Accelerate Product Expansion of Full-Service Connected Surgical Platform

Virtual surgery software company Proximie raises $80 million in a Series C funding round, bringing its total funding to $130 million.

Morning Headlines 6/15/22

June 14, 2022 Headlines No Comments

ResMed to Acquire Medifox Dan, a German Leader in Out-of-Hospital Software Solutions

ResMed will acquire Germany-based MediFox Dan, which offers out-of-hospital software solutions, for $1 billion.

Oracle reviewing Cerner products to identify where third-party tech can be removed

Oracle will review Cerner’s product portfolio to find opportunities to move from third-party technologies to those of Oracle, including moving to Oracle’s cloud infrastructure.

FTC launches probe into mental-health startup Cerebral

The Federal Trade Commission launches an investigation into the advertising and marketing of telemedicine startup Cerebral’s mental health services.

Bardavon Health Innovations Acquires PeerWell to Become First Complete Digital Health Solution Focused on Worker Musculoskeletal Health

Bardavon Health Innovations, whose network offers musculoskeletal health services for workers’ compensation cases, acquires PeerWell, which offers a MSK care coordination platform.

Morning Headlines 6/14/22

June 13, 2022 Headlines No Comments

Oracle’s Cloud Business Shows Momentum, Sending Shares Higher

Oracle’s Q4 cloud revenue has increased 19% to $2.9 billion, sending its shares up and, coupled with its Cerner acquisition, accelerating its business momentum.

Eisenhower Army Medical Center now live with MHS-Genesis, DHA rollout marks half-way point

The DoD’s facility-wide roll out of MHS Genesis, a Cerner project, reaches the half-way point with go-live at Eisenhower Army Medical Center at Fort Gordon in Georgia.

HHS Issues Guidance on HIPAA and Audio-Only Telehealth

HHS issues guidance on how covered healthcare entities can conduct audio-only telehealth appointments in a HIPAA-compliant manner.

Morning Headlines 6/13/22

June 12, 2022 Headlines No Comments

Boulder Care raises $36M to grow telehealth platform to treat opioid addiction

Substance use disorder telemedicine startup Boulder Care raises $36 million in a Series B round that brings its total funding to $50 million.

Cognosante Awarded Contract to Modernize Pennsylvania Patient and Provider Network

The Pennsylvania Department of Human Services awards Cognosante a $16 million contract to migrate the state’s Patient and Provider Network and Public Health Gateway to a new HIE platform.

IBM CEO explains why he offloaded Watson Health: Not enough domain expertise

IBM Chairman and CEO Arvind Krishna says the company sold Watson Health to Francisco Partners for $1 billion in January because IBM just didn’t have the domain expertise to keep the product viable in healthcare.

Morning Headlines 6/10/22

June 9, 2022 Headlines No Comments

Oracle’s Ellison Pitches US Health Database With Power of Cerner

Oracle board chairman and CTO Larry Ellison shares the company’s plans for newly-acquired Cerner including developing a national system of anonymized digital health records and updating Millenium with voice interface, more telehealth features, and disease-based AI models.

Northside Hospital fined more than $1 million for failing to publish medical prices

CMS issues the first civil money penalties against hospitals that failed to comply with federal price transparency laws, with Georgia’s Northside Hospital system fined more than $1 million.

H1 secures an extension on its Series C to further its mission of creating a healthier future through the use of connected and accessible healthcare data

Clinical, scientific, and research data company H1 adds funding to its Series C investment, bringing the round’s total to $123 million.

Morning Headlines 6/9/22

June 8, 2022 Headlines No Comments

Bon Secours bags Nordic Consulting Partners in $400M-plus deal

Sources report that Accrete Health Partners’ acquisition of Nordic Consulting, first announced last week, is valued at just over $400 million.

Arnot Health says technical issues resolved

Arnot Health (NY) resolves computer hardware issues that first surfaced in early May, leading to weeks of outages.

Data breach at health care organization may affect 2 million

Imaging and ambulatory surgical services provider Shields Health Care Group reports a March data breach that may impact 2 million patients.

Morning Headlines 6/8/22

June 7, 2022 Headlines No Comments

Oracle Completes Acquisition of Cerner

Oracle has closed its deal to acquire Cerner for $28 billion.

Introducing Advata, a Software Company Improving Patient Outcomes Through Advanced Analytics

Providence-backed Advata launches as an RCM analytics and clinical decision support software company leveraging integrated solutions from KenSci, Colburn Hill Group, Alphalytics, Lumedic, Quiviq, and MultiScale.

Virtual addiction startup Bicycle Health rides Series B to $83M

Virtual opioid use disorder treatment provider Bicycle Health raises $50 million in a Series B funding round, bringing its total raised to $83 million.

News 6/8/22

June 7, 2022 Headlines No Comments

Top News

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Oracle shares see a slight uptick on the news that the company has closed its deal to acquire Cerner for $28 billion.


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Acquisitions, Funding, Business, and Stock

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Bain Capital has acquired a majority stake in LeanTaaS, a technology vendor specializing in hospital operations and capacity management optimization. The company, founded by CEO Mohan Giridharadas in 2010, has raised nearly $238 million. Its cloud-based software is used by over 500 hospitals and 130 health systems.


People

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Lyniate promotes Scott Galbari to president, COO, and CISO; and hires Mikael Andén (Intelerad Medical Systems) as EVP of sales.

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Surescripts names Frank Harvey (ATLS Investments) CEO. Harvey succeeds Tom Skelton, who announced his intent to retire late last year.

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Mark Costanza (Spok) joins MobileSmith as chief client and operations officer.


Announcements and Implementations

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Stanford Health Care (CA) implements interactive bedside patient entertainment and hospital services technology from Sonifi Health.

Great Falls Clinic (MT) has implemented Phreesia’s patient intake technology.

LeadingReach announces GA of care coordination analytics.

Medical Center Health System (TX) rolls out a patient portal app incorporating EHR technology from Cerner and video visit capabilities from Amwell.


Government and Politics

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After more than a year of training, Martin Army Community Hospital at Fort Benning in Georgia will go live on MHS Genesis this weekend.

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A new report from the Australian Digital Health Agency finds that routine patient visit information is still missing from many health records within the national My Health Record system, launched in 2012 with a price tag of over $1.4 billion. Patient use has also been wanting, with just 2.69 million out of the nation’s 23 million patients accessing their information since the system’s launch. Physicians have found the software’s design to be problematic, with many preferring to instead access patient data via their hospital’s EHR.

Plans to implement a Cerner-based EHR across facilities on Prince Edward Island have come to a halt due to usability issues. The province had hoped to have all sites live by 2020. Forty-three clinics and 118 physicians have been connected to the system, with 100 more clinicians still to go. The same software has been in use at Island Health hospitals for over a decade. Two independent reviews of that $178 million implementation have been conducted based on physician complaints of poor usability and patient safety risks.

The State of Wisconsin eliminates EHR integration fees to encourage more providers to connect to its electronic prescription drug monitoring program.


Other

The latest release of the Philips Capsule Surveillance solution has received 510(k) market clearance from the FDA.

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UT Southwestern Medical Center researchers have found that access to telemedicine visits and continuous glucose monitoring during the pandemic helped diabetic pediatric patients control their glucose levels and stay out of the hospital at rates similar to pre-pandemic levels.

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Apple adds medication list creation, reminders, and critical interaction alert features in its latest iOS update.

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A small study conducted at a stroke clinic within the UC San Diego Health system has found that patient satisfaction with telemedicine visits improved when patients were texted a log-in link when the physician was ready for the appointment, rather than queuing in a virtual waiting room. Over half of patients were seen early during the two and a half month study, while zero were seen late, resulting in time savings of nearly an hour. As a result, the health system is rolling out the text messaging option to high-volume primary care and surgical care clinics this summer. The text-to-video technology was developed by Doximity.


Sponsor Updates

  • AGS Health will exhibit at CHIACON22 Convention & Exhibit June 12-15 in Riverside, CA.
  • Baker Tilly publishes a new case study, “Product value communication results in new payer coverage for diagnostic testing coverage.”
  • Cerner publishes a new client achievement story, “Clinicians at pediatric health system save charting time following ambulatory optimization.”
  • CHIME releases a new CHIMEcast Podcast, “Challenge, Change, and Resilience with Michael Jefferies.”
  • Clearwater names Mike Scheerhorn (Everly Health) to its compliance and privacy consulting team.
  • Current Health has been named the 2022 Frost & Sullivan Company of the Year in the global virtual home care platform industry.
  • CarePort adds predictive analytics for post-acute care planning after discharge to its CareManagement and Insight solutions.
  • Patient privacy monitoring company Protenus updates its website.
  • OptimizeRx completes integration of TelaRep’s one-click prescriber connectivity solution with its Therapy Initiation and Persistence Platform.
  • Diameter Health partners with Smile CDR, giving customers the ability to implement Diameter Health’s Fusion technology for upcycling data along with Smile CDR’s clinical data repository capabilities.

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Morning Headlines 6/7/22

June 6, 2022 Headlines No Comments

Aledade Raises $123 Million Series E to Accelerate Growth in Medicare Advantage and Support Primary Care Physicians With Expanded Services

Tech-enabled practice management company Aledade secures $123 million in Series E funding, bringing its total raised to nearly $420 million.

LeanTaaS Announces Growth Investment by Bain Capital Private Equity to Fuel Leading AI-Driven Platform for Hospitals to Achieve Operational Excellence

Bain Capital has acquired a majority stake in LeanTaaS, a software vendor specializing in hospital operations and capacity management optimization.

Minneapolis women’s telehealth clinic Visana Health raises $2.6 million

Virtual women’s healthcare company Visana Health raises $2.6 million in a seed funding round.

Morning Headlines 6/6/22

June 5, 2022 Headlines No Comments

Software glitch at hospitals caused patients to receive inaccurate test results

In Israel, at least five hospitals report that physicians have been sent inaccurate lab test results due to a software problem.

DeliverHealth Opens Its New Headquarters And Experience Center In Clearwater, Florida

DeliverHeatlh, which specializes in healthcare documentation, coding, and revenue integrity software and services, relocates its Madison, WI headquarters to Clearwater, FL and opens a customer experience center in the same facility.

Leading Healthcare Artificial Intelligence Company Raises $20m Series A Extension

Sleep data interpretation and analysis software vendor EnsoData adds $20 million to its Series A funding round, bringing the round’s total to $29 million.

Meriplex Acquires Healthcare-based MSP, LightPoint

Managed IT and cybersecurity firm Meriplex acquires LightPoint, a managed services provider with a niche in healthcare IT.

Morning Headlines 6/3/22

June 2, 2022 Headlines No Comments

A Message from Carbon Health CEO Eren Bali

Tech-forward medical care provider Carbon Health lays off 250 employees, about 8% of its workforce, citing “changing market conditions.”

Net Health’s Tissue Analytics for Wound Care Granted Breakthrough Device Status by FDA

Net Health’s wound imaging and analysis software, Tissue Analytics, earns FDA designation of Breakthrough Device Status, the first time an EHR company has been given that distinction.

Harris Continues Healthcare Growth with Acquisition of Sedona Learning Solutions

Harris will incorporate newly-acquired Sedona Learning Solutions, which offers hospitals custom health IT learning solutions and consulting services, into its IatricSystems business unit.

Morning Headlines 6/2/22

June 1, 2022 Headlines No Comments

Oracle Purchase of Cerner Approved

Oracle has gained the antitrust approvals necessary for its proposed $28.3 billion acquisition of Cerner, now set to take place next week.

SoftBank-Backed Telehealth Firm Cerebral Announces Layoffs

Amidst federal scrutiny and the recent ouster of its founder and CEO, Cerebral announces that it will lay off an undisclosed number of employees by July 1.

Moxe Health Raises $30M Series B to Further Advance Interoperability

Health data exchange vendor Moxe Health raises $30 million in a Series B funding round led by Piper Sandler Merchant Banking and Vensana Capital.

Accrete Health Partners Acquires Nordic Consulting Partners

Accrete Health Partners, a digital health holding company that launched in May, acquires Nordic Consulting for an undisclosed sum.

Morning Headlines 6/1/22

May 31, 2022 Headlines No Comments

Lightbeam Acquires Jvion AI and SDOH Solutions

Population health management vendor Lightbeam Health Solutions will acquire Jvion, which specializes in AI-powered predictive analytics and social determinants of health software.

Cerner ticks higher on report Oracle deal targeted for mid-June close

Oracle’s acquisition of Cerner is reported to be on track to close within the next couple of weeks.

By Light Awarded $82M VA Contract

The VA awards By Light Professional IT Services a five-year, $82 million contract for the continued development, security, and operation of its My HealtheVet patient portal.

Morning Headlines 5/31/22

May 30, 2022 Headlines No Comments

VA Ordered to Report Performance of Troubled Health Records System to Congress

Pending President Biden’s signature, new legislation will require the VA to submit quarterly reports to Congress on the performance of its new Cerner EHR software.

Doctor-Founded Cherry Health Closes $1.23 Million to Expand Job-Matching Platform for Physicians

Cherry Health, a Canadian health tech startup that has developed a job-matching app for physicians, has raised $1.23 million CAD in pre-seed financing.

Report rejects Rebekah Jones’ claim that Florida doctored COVID data

A report from the State of Florida’s Inspector General determines that a former department of health data scientist’s claim that the department intentionally falsified COVID-19 data to support opening the state back up cannot be substantiated.

Morning Headlines 5/27/22

May 26, 2022 Headlines No Comments

Chipmaker Broadcom to buy cloud services firm VMware in $61 billion deal

Broadcom will acquire cloud services vendor VMware for $61 billion.

Change Healthcare Inc. Reports Fourth Quarter and Full Year Fiscal 2022 Financial Results

Change Healthcare reports Q4 results: revenue up 8%, adjusted EPS $0.39 versus $0.42, beating revenue expectations but falling short on earnings.

IT Specialist Charged in Cyber Intrusion of Suburban Chicago Health Care Company

A federal court indicts IT contractor Aaron Lockner for allegedly hacking into the server of a clinic operations company, which had denied him full-time employment two months earlier.

Morning Headlines 5/26/22

May 25, 2022 Headlines No Comments

Drummond Group Launches New Program, Pilot Initiative for Pediatric Health IT Certification

Drummond Group launches a pediatric health IT certification and pilot initiative that will help vendors comply with the ONC’s voluntary EHR certification requirements.

Walmart, CVS to halt filling prescriptions for controlled substances by Cerebral, Done

CVS and Walmart will stop filling prescriptions for ADHD medications from Cerebral and Done Health due to internal concerns and increased federal scrutiny faced by the telehealth companies.

CynergisTek Inc. Enters Into A Definitive Agreement To Be Acquired By Clearwater In A $17.7 Million Transaction.

Cybersecurity, compliance, and risk management company Clearwater Compliance will acquire competitor CynergisTek for nearly $18 million.

Morning Headlines 5/25/22

May 24, 2022 Headlines No Comments

Oracle to win unconditional EU nod for $28.3 billion Cerner deal

The EU reportedly gives Oracle unconditional antitrust clearance for its proposed $28 billion acquisition of Cerner.

Plano Telehealth Startup Raises $14.1M

Virtual care company VitalTech raises $14.1 million in equity.

KAID Health Announces Series A to Fuel Growth of its AI-Powered Provider/Payer Whole Chart Analysis Platform

Kaid Health, developer of AI-powered Whole Chart Analysis software, raises $4.25 million in Series A funding.

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