Morning Headlines 12/13/23

Oracle shares slide as revenue misses estimates

Oracle’s Q2 results beat earnings expectations but fall short on revenue, with CEO Safra Catz calling Oracle Health, the former Cerner business, “a drag on Oracle growth.”

ONC and The Sequoia Project Designate First TEFCA QHINs

ONC and The Sequoia Project officially recognize KONZA National Network, EHealth Exchange, Epic Nexus, Health Gorilla, and MedAllies as QHINs.

Kaiser Permanente Slashes IT Jobs Across Bay Area

Kaiser Permanente lays off 115 IT employees, 65 of them in Northern California.

Morning Headlines 12/12/23

ConcertAI to Acquire CancerLinQ to Build the Leading Healthcare Learning and Research Network in Oncology

Data and generative AI company ConcertAI will acquire American Society of Clinical Oncology subsidiary CancerLinQ, which offers real-world oncology data and quality-of-care technology services.

KKR Nears Deal for Cotiviti Valuing Firm at $11 Billion

Private equity firm KKR is in talks to acquire a 50% stake in healthcare payment and analytics software company Cotiviti from Veritas Capital in a deal that would value the business at between $10 billion and $11 billion.

Fruit Street alleges Sharecare cannibalized diabetes product in $25M lawsuit

Fruit Street files a $25 million lawsuit against former partner Sharecare, claiming the company violated the terms of their agreement by launching its own version of Fruit Street’s diabetes management program.

Morning Headlines 12/11/23

Veradigm Inc. Announces Leadership Transition

The board of Veradigm fires the company’s CEO and CFO for failing to comply with financial reporting and disclosure policies, following an investigation by its audit committee.

Hundreds of patients receive threatening emails after Fred Hutch cyberattack

Hackers email Fred Hutchinson Cancer Center patients demanding payment to prevent their information from being sold.

Ransomware group posts stolen Tri-City Center documents to dark web

Cyberextortionists post a “proof pack” of patient information that they obtained from Tri-City Medical Center (CA) following a ransomware attack that took its systems offline for more than two weeks.

Morning Headlines 12/8/23

Novant to move some IT operations to Indian vendor. System declines to say how many employees will be affected

Novant Health (NC) will outsource some of its IT department’s work to India-based Wipro.

St. Francis systems restored after ransomware attack

Ardent Health Services restores access to Epic after nearly two weeks of downtime following a November 23 cyberattack.

HHS’ Office for Civil Rights Settles First Ever Phishing Cyber-Attack Investigation

Lafourche Medical Group (LA) will pay HHS OCR $480,000 to settle potential HIPAA violations related to a 2021 phishing attack that exposed the PHI of 35,000 people.

Morning Headlines 12/7/23

R1 RCM to Acquire Acclara

Multistate health system Providence sells its Acclara RCM business to R1 RCM for $675 million, and enlists R1 to provide revenue cycle services.

HHS Announces Next Steps in Ongoing Work to Enhance Cybersecurity for Health Care and Public Health Sectors

HHS expands its efforts to help providers improve cybersecurity with a new concept paper that includes plans to offer financial cybersecurity assistance to hospitals.

Fountain Life Acquires Health Data Technology Company LifeOmic to Power its Advanced Diagnostics and Membership Services

Membership-based precision diagnostics and therapeutics company Fountain Life acquires precision digital healthcare company LifeOmic for an undisclosed sum.

Morning Headlines 12/6/23

CVS To Rebrand Growing Health Services As ‘CVS Healthspire’

CVS Health will use the name CVS Healthspire for its health services business that includes Oak Street Health, Signify Health, MinuteClinic, Caremark, and its recently created biosimilar company Cordavis.

Tower Health laid off 30 people on Tuesday

Tower Health (PA) lays off 30 employees and outsources some of its IT department to an outside vendor.

Army veteran files lawsuit alleging VA computer system delayed cancer diagnosis

A Mann-Grandstaff VA Medical Center (WA) patient sues the federal government and the companies responsible for the development of the center’s Oracle Health-based EHR over alleged flaws in the system that led to a delay in his now-terminal cancer diagnosis.

Morning Headlines 12/5/23

Gemspring Capital Announces Sale of Valant

Gemspring Capital sells mental health-focused EHR and practice management software company Valant Medical to private equity firm Resurgens Technology Partners.

Digital Health Strategies Closes Series A Funding Round to Expand Its Share of Health Patient Loyalty Platform

Digital Health Strategies, a patient loyalty and healthcare marketing firm based in Washington, DC, secures an undisclosed amount of Series A funding.

Notice of information security incident involving Fred Hutchinson Cancer Center

Seattle-based Fred Hutchinson Cancer Center announces that it was the victim of a cyberattack just before Thanksgiving.

Morning Headlines 12/4/23

Culmination Bio Raises $10M From Amgen Ventures and Merck Global Health Innovation Fund to Bring Longitudinal Health Data to Biopharma

Intermountain Health spinoff Culmination Bio, which offers drug companies a clinical study recruitment platform that contains 40 years’ worth of de-identified EHR and biospecimen data, raises $10 million from two drug company investment funds.

Potrero Medical Announces Restructuring and Continued Operations

Potrero Medical, which offers medical devices and analytics for monitoring acute kidney injury, files Chapter 11 bankruptcy.

Hippocratic AI Launches Early Access Partnership Program With Leading Healthcare Organizations Including OhioHealth, Roper St. Francis Healthcare, Evernow, HarmonyCares, and Guidehealth

Hippocratic AI launches a development partnership program that includes OhioHealth, Roper St. Francis Healthcare, Evernow, HarmonyCares, and Guidehealth.

Morning Headlines 12/1/23

Cigna, Humana in Talks for Blockbuster Merger

Health insurers Cigna and Humana are negotiating a merger that they hope to finalize within the next four weeks, according to insider reports.

Experian Health Acquires Wave HDC, Immediately Enabling Real-Time, Single Inquiry Insurance Discovery/Verification at the Point of Patient Registration

Experian acquires Wave HDC, which captures patient insurance and demographics at registration.

HFMA Aligns with FinThrive to Introduce the Industry’s First Revenue Cycle Management Technology Adoption Model for Health Systems

HFMA and FinThrive launch a peer-reviewed, five-stage Revenue Cycle Management Technology Adoption Model, with initial analysis indicating that 42% of health systems are at Stage 1.

Morning Headlines 11/30/23

Tampa General and Synapse Florida Seek Innovation Solutions to Reduce Cancer Mortality in Rural Communities

Tampa General Hospital, its Innoventures venture capital arm, and Synapse Florida launch a $50,000 innovation challenge to discover solutions that may improve cancer care in rural areas.

Mayo Clinic unveils plans for a new $5 billion campus in downtown Rochester

Mayo Clinic will redesign its campus in Rochester, MN to create health neighborhoods where patient care is more streamlined through remote patient monitoring, AI, and automation.

Honoring Excellence: CHIME Recognizes Outstanding Achievements of Digital Health Leaders and Professional Services Firms with the 2023 CHIME Awards

CHIME names Tufts Medicine EVP, Chief Digital Officer, and System CIO Shafiq Rab its 2024 CIO of the Year.

Morning Headlines 11/29/23

Here is why IT major TCS has to pay $210 mn to rival firm DXC

Tata Consultancy Services, which was just assessed with $140 million in punitive damages for stealing Epic’s intellectual property by having its employees pretend to be hospital consultants, is hit with a similar $210 million judgment involving insurance software.

Aidoc Unveils $30M Investment in Revolutionary Foundation Model for Imaging AI at RSNA 2023

Medical imaging AI vendor Aidoc will use $30 million in recently announced funding to develop an imaging AI foundation model.

Harmony Healthcare IT Partners with Novacap to Accelerate Innovation and Growth in Healthcare Data Management

Health data management company Harmony Healthcare IT secures an undisclosed amount of funding from Canadian investment firm Novacap.

PayGround Announces $19.7M Oversubscribed Series A Funding Round

Patient payment app startup PayGround raises $19.7 million in a Series A funding round, enabling it to expand beyond its ambulatory roots into more inpatient settings.

Morning Headlines 11/28/23

Ardent Health Services Reports Information Technology Security Incident

Ardent Health Services works to recover from a November 23 ransomware attack that forced it to take systems offline across its six-state network.

RepeatMD lands capital to grow its aesthetics and wellness booking business

Patient acquisition and retention software startup RepeatMD raises $40 million, bringing its total raised to $56 million.

Wyden, Merkley: USDA Invests $2.28 Million to Expand Health Care and Broadband Assistance in Rural Oregon

Senators Ron Wyden (D-OR) and Jeff Merkley (D-OR) will distribute a grant of $2.28 million to providers in five Oregon counties so that they can provide more virtual care.

Morning Headlines 11/27/23

DOD’s EHR Deployment Nearly Complete

The Department of Defense completes the last of 23 MHS Genesis go-live waves.

BSA diverting ER patients after ‘potential security incident’ causes network outage

BSA Health System (TX) reverts to downtime procedures including ER diversion due to a Thanksgiving Day network outage.

Hackers accessed sensitive health data of more than 8 million Welltok patients

A notice filed by Virgin Pulse-owned Welltok says the personal information of 8.5 million people was exposed in a breach of its Moveit file transfer system, with affected customers including BCBS plans, Sutter Health, Stanford Health Care, and The Guthrie Clinic.

HHS’ Office for Civil Rights Settles HIPAA Investigation of St. Joseph’s Medical Center for Disclosure of Patients’ Protected Health Information to a News Reporter

Saint Joseph’s Medical Center (NY) pays $80,000 to settle HHS OCR charges that it provided photos and information of three patients in April 2020 to the Associated Press, which was writing an COVID-19 story, without the approval of the patients.

Morning Headlines 11/23/23

Tri-City Medical Center resumes nearly full operations after cybersecurity attack

Tri-City Medical Center (CA) resumes normal operations after a ransomware attack November 9 forced it to downtime procedures.

Company operating Nacogdoches Memorial Hospital files for bankruptcy

In Texas, Nacogdoches Memorial Hospital operating company Lion Star files for bankruptcy with debts of $10 million to $50 million owed to between 200 and 1,000 vendors, including $1 million owed to an EHR vendor.

Queensland Health fixes ieMR system crash after staff unable to login for hours

Queensland Health resolves an EHR log-in issue that had prevented users at its 24 facilities from accessing the Oracle Health system for several hours.

Morning Headlines 11/22/23

Patient privacy fears as US spy tech firm Palantir wins £330m NHS contract

NHS England awards a consortium that includes Palantir and Accenture a five-year, $415 million contract to develop and operate the Federated Data Platform data-sharing platform across NHS trusts and care sites.

TCS Q3 to take $125 million hit on Epic Systems Corporation legal woes

Tata Consultancy Services will pay $140 million in punitive damages to Epic related to a 2014 case in which Epic accused TCS of downloading confidential material from UserWeb by having its employees pretend to be Epic customer consultants.

McWilliams School of Biomedical Informatics researchers awarded $31M in grants for medical artificial intelligence innovation research

Fifteen faculty members of UTHealth’s bioinformatics school are awarded $31 million in grants, $19 million of which came from NIH’s National Institute on Aging.

Morning Headlines 11/21/23

Medmo Raises $9M in Funding

Medical imaging technology company Medmo, which matches patients with partner imaging centers, raises $9 million.

Reed Jobs’ Yosemite makes first digital health bet on Maia Oncology

Maia Oncology, a virtual primary care clinic for cancer patients, raises $4.25 million in seed funding.

AstraZeneca launches Evinova, a health-tech business to accelerate innovation across the life sciences sector, the delivery of clinical trials and better health outcomes

AstraZeneca’s new stand-alone Evinova business will develop and market digital products in the areas of clinical trials, remote patient monitoring, and digital therapeutics.

Morning Headlines 11/20/23

Over 80 St. Louis NextGen Healthcare workers to be laid off

NextGen Healthcare files WARN documents indicating that it will lay off 84 employees in St.Louis in the first months of next year.

Novant Health to acquire three hospitals from Tenet Healthcare

Novant Health (NC) will acquire three South Carolina-based hospitals from Tenet Healthcare in a $2.4 billion deal that includes RCM services from Tenet subsidiary Conifer Health Solutions.

Aya Healthcare Acquires Winnow AI, a Data Science Driven Platform to Recruit Passive Physicians

Digital staffing platform vendor Aya Healthcare acquires Winnow AI, which identifies physicians who are open to new positions and relocation who match open roles.

GTCR to Acquire Cloudbreak Health

Private equity firm GTCR will acquire telehealth language interpretation services company Cloudbreak Health from UpHealth for $180 million.