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Morning Headlines 11/12/21

November 11, 2021 Headlines No Comments

Kansas health care app company accuses Mercy of ‘stealing’ trade secrets in new lawsuit

LifeScience Technologies sues Mercy, which it claims disclosed trade secrets about LST’s M.Care virtual care platform to telehealth competitor Myia Health.

OPKO Health Leads $5 Million Investment in HealthSnap, to Help Rapidly Scale Remote Patient Monitoring Platform to Empower Better Chronic Condition Management

Remote patient monitoring startup HealthSnap raises $5 million.

Definitive Healthcare Reports Financial Results for Third Quarter Fiscal Year 2021

Definitive Healthcare, which went public in mid-September and finished its first week of trading with shares up 81%, announces Q3 results: revenue up 43%, adjusted EBITDA flat.

Morning Headlines 11/11/21

November 10, 2021 Headlines No Comments

Health Catalyst (HCAT) Reports Q3 Loss, Tops Revenue Estimates

Health Catalyst reports Q3 revenue of $61.74 million, with a quarterly loss of $0.18 per share.

Surescripts Announces Planned CEO Transition

Surescripts CEO Tom Skelton will formally step down from his role at the end of the year, but will remain with the company while his successor is found.

Oneview Healthcare raising $23 million via Canaccord

Patient engagement technology vendor Oneview Healthcare seeks to raise $23 million to expand its sales, marketing, and product development efforts.

CPSI Announces Third Quarter 2021 Results

CPSI’s Q3 revenue increases to $70.1 million, with total revenues at the nine-month mark also experiencing a bump up to $206.6 million.

Morning Headlines 11/10/21

November 9, 2021 Headlines No Comments

GE Plans to Form Three Public Companies Focused on Growth Sectors of Aviation, Healthcare, and Energy

General Electric will spin off GE Healthcare, GE Aviation, and several other segments into public companies within the next two years.

Sirona Medical Secures $40M in Series B Funding to Accelerate Adoption of its Cloud-Native Radiology Operating System

Sirona Medical, a vendor of cloud-based radiology operating system software, raises $40 million in a Series B funding round.

Introducing the Truveta Platform: Unprecedented De-Identified Health Data Refreshed Daily with New COVID-19 Insights

Hospital network-owned Truveta launches its flagship clinical insights platform, giving researchers access to real-time, de-identified clinical data from care sites across the country.

Morning Headlines 11/9/21

November 8, 2021 Headlines 1 Comment

CareCloud Reports Record Third Quarter Revenue and Net Income

MTBC subsidiary CareCloud reports record Q3 revenue of $38.3 million, a 21% increase over Q3 2020.

Cyberattack on health tech vendor QRS leads to data theft tied to 320K patients

EHR and practice management vendor QRS Healthcare Solutions announces it was the victim of a cyberattack in August that compromised a server dedicated to the patient portal of several customers.

Philips discloses TASY EMR vulnerabilities pose risk to patient data

Philips alerts end users to two vulnerabilities within its Tasy EHR that could allow hackers to extract data and potentially launch denial-of-service attacks.

Morning Headlines 11/8/21

November 7, 2021 Headlines No Comments

Spok Reports 2021 Third Quarter Results

Spok reports Q3 results: revenue down 5%, EPS –$0.13 versus $0.16.

Biden nominates Kurt DelBene as chief information officer at VA

The White House nominates Kurt DelBene, MS, MBA (Microsoft) as VA assistant secretary and CIO.

It will take time to restore healthcare IT system, say Newfoundland officials

Health officials in the Canadian province of Newfoundland and Labrador say health IT systems, including its Meditech EHR, are slowly being brought back online after last weekend’s cyberattack.

Morning Headlines 11/5/21

November 4, 2021 Headlines 2 Comments

Allscripts Announces Third Quarter 2021 Results

Allscripts announces Q3 results: revenue up 1%, adjusted EPS $0.27 versus $0.11.

Aver Raises $58 Million Investment led by Cox Enterprises and Introduces New Name, Enlace Health

Claims-based analytics vendor Aver raises $58 million and rebrands to Enlace Health to better reflect its focus on solving “the infrastructure challenges driving today’s unsustainable healthcare system.”

Change Healthcare Inc. Reports Second Quarter Fiscal 2022 Financial Results

Change Healthcare reports Q2 results: revenue up 9%, EPS –$0.11 versus –$0.13, beating earnings expectations but falling short on revenue.

Morning Headlines 11/4/21

November 3, 2021 Headlines No Comments

Notable Raises $100M Series B to Expand Intelligent Automation in Healthcare

Healthcare workflow automation company Notable raises $100 million in a Series B round led by Iconiq Growth.

Wellinks Announces $25M in New Funding to Expand First Integrated Virtual COPD Management Solution to More Patients

COPD-focused digital health vendor Wellinks raises $25 million in a Series A funding round led by Morningside Ventures.

Congress fears VA is ‘moving on’ amid persistent EHR challenges, low employee morale at initial go-live site

The VA plans to begin the testing and training phase of its new Cerner EHR deployment at a second site in February, despite concerns that issues at the first site still haven’t been resolved and governance leadership has yet to be put in place.

Morning Headlines 11/3/21

November 2, 2021 Headlines No Comments

Kareo and PatientPop Merge to Form Tebra, A Digital Healthcare Technology Company Dedicated to Modernizing Healthcare Practices

Medical practice software vendor Kareo merges with PatientPop, which offers practice growth technology.

EverCommerce to Acquire DrChrono, a Leading Cloud-based SaaS Practice Management and EHR Solution

EverCommerce will add DrChrono’s EHR, practice management, and RCM software and services to its EverHealth line of solutions.

WhiteSpace Health Announces $18 Million in New Funding to Build Out AI-driven Revenue Intelligence Platform

Revenue-focused analytics vendor WhiteSpace Health secures an $18 million investment from parent company Omega Healthcare.

Morning Headlines 11/2/21

November 1, 2021 Headlines No Comments

This Startup Just Raised $7.2 Million To Provide Healthcare For Hourly Workers

Membership-based, in-home and virtual care services startup Vitable Health raises $7.2 million.

Possible cyberattack hits ‘brain’ of N.L. health-care system, delaying thousands of appointments

In Canada, a ransomware attack on Newfoundland and Labrador’s health IT systems force its facilities to revert to downtime procedures and cancel thousands of appointments.

Nation’s Leading Social Care Network Announces New Name, Aligning Brand to Mission in Time of Momentous Impact

Digital social services referral company Aunt Bertha rebrands to Findhelp.

Morning Headlines 11/1/21

October 31, 2021 Headlines No Comments

Cerner Reports Third Quarter 2021 Results

Cerner reports Q3 results: revenue up 7%, adjusted EPS $0.86 versus $0.72, beating analyst expectations for both.

Main Line Health is investing in nurse-founded patient care inventions via a new business arm

Main Line Health (PA) is working with partners to commercialize technology developed by its nurses, initially focusing on hospital room and facility safety devices, EHR add-on components, clinical tests, and medical devices.

Vocera Announces Third Quarter 2021 Financial Results

Vocera announces Q3 results: revenue up 18%, adjusted EPS $0.28 versus $0.26, beating expectations for both.

NextGen Healthcare Reports Fiscal 2022 Second Quarter Results

NextGen Healthcare reports Q2 results: revenue up 7%, adjusted EPS $0.29 versus $0.30, beating expectations for both.

Morning Headlines 10/29/21

October 28, 2021 Headlines No Comments

Northwell Health and Aegis Ventures to form first-of-its-kind artificial intelligence venture to drive better, more equitable, and lower-cost healthcare

Northwell Health and Aegis Ventures form a joint venture that will invest at least $100 million in seed-stage, AI-driven healthcare companies.

ShiftMed raises $45m led by Panoramic Ventures and Healthworx (CareFirst Holdings) to support growth of leading Digital Health Care Workforce Management Platform

Healthcare shift-filling app vendor ShiftMed raises $45 million in a venture funding round.

Hinge Health Announces $600 Million Investment Led by Coatue and Tiger Global

Digital musculoskeletal clinic Hinge Health’s $600 million Series E funding round brings its valuation to $6.2 billion.

Morning Headlines 10/28/21

October 28, 2021 Headlines No Comments

Patina Aims to Profoundly Improve the Healthcare and Aging Experience for People 65+ by Reinventing Primary Care; Announces $50 Million Series A Financing

Former Haven executive Jack Stoddard helps to launch senior-focused primary care startup Patina Health, which has accrued $57 million in funding.

Truepill Raises $142 Million Series D to Continue Transforming Consumer Healthcare

Truepill, a pharmacy fulfillment, diagnostics, and telemedicine company, raises $142 million in a Series D round that brings its total funding to $256 million.

A security bug in health app Docket exposed COVID-19 vaccine records

TechCrunch alerts developers of the COVID-19 vaccination passport app Docket of a security bug that allows users to access the personal information of other users.

Morning Headlines 10/27/21

October 26, 2021 Headlines No Comments

Clearlake Capital Backed NThrive to Acquire TransUnion’s Healthcare Business

RCM platform vendor NThrive and its financial backer Clearlake Capital Group will acquire TransUnion Healthcare, the data and analytics business of TransUnion, for $1.7 billion in cash.

Anomaly Raises $17 Million To Scale Precision Payments Platform Across Healthcare Industry

Anomaly, whose platform identifies payment and billing errors before they occur, raises $17 million in a Series A funding round.

Arine Raises $11M Series A to Scale Medication Optimization Platform

Medication management optimization software startup Arine raises $11 million in a Series A funding round led by 111° West Capital Partners and Katalyst Ventures.

Morning Headlines 10/26/21

October 25, 2021 Headlines No Comments

Amazon Brings Alexa to Senior Living Communities and Healthcare Systems with Alexa Smart Properties

Amazon launches Alexa Smart Properties for healthcare facilities, giving hospitals an easy way to deploy and manage Alexa devices across the enterprise.

Clinigence Holdings Announces The Acquisition Of ProCare Health

Population health management company Clinigence acquires managed services organization ProCare Health.

UK Plans $8 Billion Package to Boost Health Service Capacity

Britain’s finance ministry will allocate $2.9 billion for technology improvements across the NHS as part of an $8 billion spending package aimed at increasing capacity.

Morning Headlines 10/25/21

October 24, 2021 Headlines No Comments

23andMe to buy telehealth firm Lemonaid for $400 mln

Consumer DNA testing company 23andMe will acquire telemedicine and online pharmacy vendor Lemonaid for $400 million in cash and shares.

Cerner CEO acknowledges more layoffs are coming

Cerner President and CEO David Feinberg, MD, MBA confirms an anonymous employee’s Reddit comment that Cerner will lay off 150 workers in early November.

Oak Street Health Acquires Virtual Specialty Care Provider RubiconMD

Medicare primary care provider Oak Street Health acquires RubiconMD, which offers PCPs electronic patient consults with specialists.

Morning Headlines 10/22/21

October 21, 2021 Headlines No Comments

Association of Immediate Release of Test Results to Patients With Implications for Clinical Workflow

Vanderbilt University Medical Center finds that immediately releasing lab results to the patient portal, as required by the Cures Act, was associated with a doubling of the number of patient-to-clinician messages that were sent immediately afterward.

Chubb Can’t Sidestep Settlement For Canceled Trade Show

A federal court rules that the insurer for HIMSS20 has to cover the organization’s settlement with exhibitors of the cancelled conference.

Babylon, one of the world’s fastest-growing digital healthcare companies, to begin trading on the New York Stock Exchange under the ticker BBLN

Virtual care company Babylon combines with SPAC Alkuri Global Acquisition Corp. to begin trading on the NYSE.

Ann Arbor’s Workit Health raises $118M in Series C funding round

WorkitHealth, developer of a virtual care app for addiction treatment, raises $118 million in a Series C funding round.

Morning Headlines 10/21/21

October 20, 2021 Headlines No Comments

GoCheck Raises $10 Million in New Funding to Protect More Children from Vision Impairment and Blindness

Digital vision screening technology vendor GoCheck raises $10 million in a funding round led by Hatteras Venture Partners and Pisgah Fund.

Bardavon Health Innovations Secures $90 Million in Series C Funding to Advance True MSK Technology Platform Beyond Workers’ Compensation Care

Worker compensation technology company Bardavon Health Innovations raises $90 million in a Series C funding round.

Marathon Health Unveils First-of-its-Kind Virtual Primary Healthcare

Occupational healthcare company Marathon Health launches a virtual primary care service for employees that includes telemedicine, remote patient monitoring, and care navigation and coordination.

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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…

  2. The Cigna operational model closely resembles the fictional insurance company that is at the center of John Grisham's novel The…


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