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Morning Headlines 10/31/22

October 30, 2022 Headlines No Comments

Teladoc Health Reports Third-Quarter 2022 Results

Revenue and earnings beat expectations due to strong performance in its virtual mental health business, sending shares up.

MUSC Health and The MetroHealth System create Ovatient

The non-profit company will provide virtual and in-home care, hoping to match the digitally powered convenience and experience offered by non-traditional providers.

N.L. Crown agency responsible for health care IT flagged ‘extreme’ security risk a year before cyberattack crippled provincial health-care system

Newfoundland and Labrador Centre for Health Information has been requesting a move from its 40-year-old Meditech Magic system to Meditech Expanse for reasons that include security.

Morning Headlines 10/28/22

October 27, 2022 Headlines No Comments

NOAA Could Soon Join the VA’s EHRM Program

A VA official says that the 12,000-employee National Oceanic and Atmospheric Administration may join the VA’s Oracle Cerner project.

Navina Raises $22M Series B Round to Advance Its Rapid Transformation of Primary Care With AI

AI-powered, primary care patient insights company Navina raises $22 million in a Series B funding round, bringing its total raised to $44 million.

MHS Genesis Reaches Significant Operational Milestone

Ninety-two military hospitals and clinics are now live on Oracle Cerner-powered MHS Genesis, with half of all DoD providers actively using the system.

Morning Headlines 10/27/22

October 26, 2022 Headlines No Comments

National Medical Billing Services Announces Acquisition of MedTek

National Medical Billing Services acquires MedTek, which offers RCM software and services to ambulatory surgery centers and other healthcare providers.

Shadowbox closes Series A Funding round with Baleon Capital

Healthcare workflow automation startup Shadowbox raises $6 million in a Series A funding round.

Elion Raises $3.3M in Seed Funding for Digital Health Technology Marketplace

Elion raises $3.3 million to further scale its digital health technology marketplace, which offers buyers evaluations of software and services.

Morning Headlines 10/26/22

October 25, 2022 Headlines No Comments

Telehealth unicorn Cerebral lays off 20% of staff for ‘operational efficiencies’

Virtual mental health provider Cerebral lays off 20% of its staff, reportedly affecting 400 employees in primarily clinical and care counselor roles.

Electronic Caregiver Announces the closing of an additional $42.5 Million in Funding to Accelerate Expansion

Electronic Caregiver, which offers remote patient monitoring, virtual care, and chronic care management services, raises $42.5 million.

Hospital for Special Surgery (HSS), The Global Leader in Orthopedics, Launches Newco Targeting $380B National Musculoskeletal Health Burden

Hospital for Special Surgery announces plans to launch for-profit virtual musculoskeletal physical therapy provider RightMove, which is backed by a $21 million Series A funding round.

VA Awards Oracle Cerner $956M in EHR Modernization Task Orders

The VA awards Oracle Cerner $956 million worth of task orders to continue its rollout.

Morning Headlines 10/25/22

October 24, 2022 Headlines No Comments

Healthcare tech giant Philips scraps 4,000 staff worldwide

Philips will lay off 5% of its global workforce in an effort to bounce back from its $1.28 billion Q3 loss, brought on in part by the recall of its potentially defective sleep apnea machines.

CISA Warns of Daixin Team Hackers Targeting Health Organizations With Ransomware

The US Cybersecurity & Infrastructure Security Agency advises the healthcare and public health sector of ransomware attacks and data extortion schemes conducted by the Daixin Team.

Unified Women’s Healthcare acquires Gennev to become the leader in menopause care in the US

Practice management company Unified Women’s Healthcare will acquire Gennev, a digital care company for menopausal women.

Morning Headlines 10/24/22

October 23, 2022 Headlines No Comments

Lawsuit accuses medical tech company Masimo of creating an Apple Watch clone

Apple sues medical technology company Masimo, claiming that it cloned the Apple Watch for its W1 Advanced Health Tracking Watch.

Oracle CloudWorld 2022: Ellison Says An ‘Internet Of Clouds’ Is Imperative

Oracle co-founder and CTO Larry Ellison tells CloudWorld 2022 attendees that the company will partner with other companies to build next-generation healthcare applications, saying that “there’s no way we can do this by ourselves.”

Antidote axes a third of its employees

Antidote Health, an Israeli company that markets its telemedicine service to consumers in the US, will reportedly lay off 23 local employees.

Henry Ford Health’s Specialty Pharmacy Software Goes National

Henry Ford Health commercializes its internally developed DromosPTM patient therapy management solution for specialty pharmacies.

Morning Headlines 10/21/22

October 20, 2022 Headlines No Comments

Health system data breach due to Meta Pixel hits 3 million patients

Advocate Aurora Health joins other large health systems in notifying millions of patients that their information was potentially exposed via the Meta Pixel website user tracker.

CitiusTech Announces Investment and Strategic Partnership from Bain Capital Private Equity

Digital health technology and consulting company CitiusTech secures an undisclosed amount of funding from Bain Capital.

Connective Health Announces the Completion of its Seed Funding Round

Connective Health, a Boston-based clinical summary and predictive insights startup, wraps up its seed funding round with financing led by Activate Venture Partners.

Morning Headlines 10/20/22

October 19, 2022 Headlines No Comments

Over 41,000 VA Patients Warned of Delayed Care Due to Troubled Electronic Records System

The VA notifies 41,000 patients that their care may have been delayed due to problems with the department’s Oracle Cerner-powered EHR, further implementations of which have been delayed.

EngagedMD Raises $11MM in Funding Round Led by MonCap for Growth in the Fertility Space and Beyond

EngagedMD, which offers patient education and informed consent technologies for fertility practices, raises $11 million.

HHS Office for Civil Rights probes ‘hacking/IT incident’ at Defense Health Headquarters

The HHS Office for Civil Rights investigates a cybersecurity incident at Defense Health headquarters that may have impacted 1,279 people.

Morning Headlines 10/19/22

October 18, 2022 Headlines No Comments

Inbound Health Launches to Enable Partners to Build and Scale Hospital and Skilled Nursing Facility-at-Home Care Models

Minnesota-based Allina Health and Flare Capital Partners launch Inbound Health, which will help other health systems develop tech-enabled, home-based care programs.

BioIntelliSense Acquires AlertWatch® Clinical Intelligence Engine to Expand its Comprehensive Portfolio of Continuous Patient Monitoring Solutions

Remote patient monitoring technology vendor BioIntelliSense acquires Alert Watch, which offers data aggregation for clinical monitoring.

Redi.Health Secures Financing to Accelerate Availability of Health Management Platform for Patients with Chronic Diseases

Chronic disease patient support app developer Redi.Health raises $3.7 million in seed funding.

Morning Headlines 10/18/22

October 17, 2022 Headlines No Comments

Cityblock Health Creating 140 New Jobs

Cityblock Health will bring 140 jobs to Indiana when it begins providing tech-enabled care for MDwise members in Indianapolis and Fort Wayne.

Eyenuk secures $26 Million Series A funding to accelerate global access to AI-powered eye-screening technology

AI-powered eye-screening software company Eyenuk raises $26 million in a Series A round, bringing its total funding to $43 million.

Vanta lands $40M to automate cybersecurity compliance

Multi-vertical cybersecurity company Vanta raises $40 million in a Series B extension that brings its total raised to $203 million.

Morning Headlines 10/17/22

October 16, 2022 Headlines No Comments

CHOP spinout Bainbridge Health raises $3.35M

Infusion pump data management vendor Bainbridge Health, a spinoff from Children’s Healthcare of Philadelphia, raises $3.35 million.

Redox Sets the Stage for Composable Healthcare, Expands Internationally

Redox expands into Canada and offers API Actions, which describes specific data models as concepts that developers can more readily understand.

Custom Health Acquires Health in Motion Network

Personalized medication management company Custom Health acquires Health in Motion Network, which has developed wearables data aggregation and tracking software for patients.

Morning Headlines 10/14/22

October 13, 2022 Headlines No Comments

Walgreens Boots Alliance Accelerates Full Acquisition of CareCentrix

Walgreens will buy the remaining shares of care coordination and benefit management platform vendor CareCentrix for $392 million, with the total acquisition cost amounting to $722 million.

CommonSpirit Update

CommonSpirit Health, which operates 142 hospitals in 21 states, confirms that its continued downtime that started October 3 was caused by a ransomware attack.

Data Dimensions Announces Acquisition of Providerflow to Revolutionize Medical Bill Payments for Clearinghouse

Property and casualty EDI vendor Data Dimensions acquires Providerflow, whose platform manages electronic claims attachments and requests from patients and third parties.

VA extends EHR delay to June 2023 after review finds more system problems

The VA announces that it will push back further Oracle Cerner EHR deployments by an additional six months to give the department more time to troubleshoot issues that have impacted patient care and user satisfaction.

NeuroFlow Closes $25M Growth Investment

Behavioral health assessment and triaging platform vendor NeuroFlow secures a $25 million growth investment.

Morning Headlines 10/13/22

October 12, 2022 Headlines No Comments

WELL Health to Acquire EMR, Billing and Clinical Assets from CloudMD

Well Health Technologies, a Canadian health IT vendor and clinic operator, acquires medical record and billing software along with three clinics from CloudMD Software & Services.

Nextech Announces Acquisition of TouchMD, Enhancing Specialty Practice Patient Experience

Specialty practice EHR and practice management software company Nextech acquires TouchMD, a visual consultation, marketing, and imaging software vendor.

Noom lays off more employees amid CFO departure

Weight loss coaching app company Noom announces its second round of layoffs this year, several months after raising $540 million.

Morning Headlines 10/12/22

October 11, 2022 Headlines No Comments

Brave Health Secures $40M in Series C Funding to Expand Access to Mental Health Services for Medicaid Populations

Medicaid virtual mental health provider Brave Health raises $40 million in a Series C funding round.

Milliman IntelliScript® Acquires OneRecord

Insurer risk assessment technology vendor Milliman IntelliScript acquires API-based EHR records retrieval system vendor OneRecord.

Redesign Health lays off 67 employees a month after raising $65 million

Healthcare startup development company Redesign Health lays off 20% of its staff in a restructuring move that affects its engineering, product, marketing, and recruiting departments.

Morning Headlines 10/11/22

October 10, 2022 Headlines No Comments

Post-pandemic, Telemedicine startups are evolving — this one just raised $6M for its hybrid approach

Specialty health and wellness telemedicine vendor Index Health raises $6 million in a seed funding round.

Patients’ private details published after cyber attackers stole data on up to 450,000 people

In New Zealand, hackers notify Pinnacle Midlands Health Network that they’ve uploaded the stolen data of 450,000 patients to the dark Web.

InStride Health Providing Virtual Pediatric Anxiety/OCD Treatment Launches with Support from McLean Hospital and Leading Healthcare Investors

Pediatric virtual mental healthcare company InStride Health launches with $26 million in funding.

Morning Headlines 10/10/22

October 9, 2022 Headlines No Comments

Seattle-area patients frustrated by days of system outages at Virginia Mason Franciscan Health facilities

Nearly a week into CommonSpirit Health’s IT incident, patients are growing frustrated by the lack of digital access that has prevented timely care coordination and prescription refills.

VA’s electronic health records system hit with pharmacy module outage

Oracle Cerner engineers resolve an application package coding issue that caused the VA’s EHR pharmacy module to go down for 11 hours last week.

Nebraska Hospital Association, UNMC announce data collaboration

The Nebraska Hospital Association and the University of Nebraska Medical Center prepare to launch an initiative that will give researchers access to the hospital’s de-identified claims data.

Morning Headlines 10/7/22

October 6, 2022 Headlines No Comments

Call it data liberation day: Patients can now access all their health records digitally 

Federal rules take effect that will enable patients to obtain all of their medical records in digital format upon request.

CMS Asks for Public Input on Establishing First, National Directory of Health Care Providers and Services

CMS solicits feedback on the idea of developing a national directory of healthcare providers and services.

Alleva Raises $12 Million Series A Led By Ankona Capital

Behavioral health IT vendor Alleva raises $12 million in a Series A funding round.

Nordic Consulting Acquires Healthcare Consulting Company Hygeian

Nordic Consulting acquires Hygeian, a healthcare consulting and staffing firm that serves customers in the UK and Middle East.

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