Morning Headlines 7/24/24

Tech Mod Chairman Rosendale Delivers Opening Remarks at Latest Oversight Hearing on VA’s Electronic Health Record Project

Congressman Matt Rosendale (R-MT), chairman of the House Veterans Affairs Subcommittee on Technology Modernization, testifies on the rollout of the combined DoD/VA Oracle Health system at the Lovell Federal Health Care Center (IL) earlier this year, noting that pharmacy staff are only able to process about 40% of prescriptions due to poor software functionality.

Loyal Closes $33.5M Series B Funding and Announces Changes to Executive Leadership Team, Board of Directors

Patient engagement software vendor Loyal raises $33.5 million in a Series B funding round and announces that founder, CEO, and chairman Chad Mallory will transition to a senior advisory role.

Abridge, Mayo Clinic, and Epic Collaborate to Develop an Integrated Artificial Intelligence Documentation Solution for Nurses

Abridge, Mayo Clinic, and Epic will develop an AI-powered ambient documentation solution for nurses.

Morning Headlines 7/23/24

Palomar Health restores some systems two months after cybersecurity breach

Palomar Health Medical Group (CA) restores its phone, EHR, appointment scheduling, e-prescribing, and patient portal systems after a cyberattack in early May forced its computer systems offline.

Norfolk and Waveney Collaborative approves £88m Meditech EPR

NHS Norfolk and Waveney Acute Hospital Collaborative in England will implement Meditech across three trusts in 2026.

Michigan Medicine latest health care system to be hit by cyberattack

Michigan Medicine begins notifying patients of a data breach in late May caused by hackers infiltrating employee email accounts.

Morning Headlines 7/22/24

Augmedix to Join Forces with Commure

Commure will acquire ambient medical documentation system vendor Augmedix in an all-cash, take-private transaction that values the company at $139 million.

Faulty CrowdStrike update took down 8.5 million Windows computers around the globe

Hospitals around the globe work to recover from IT outages that started Friday when a CrowdStrike cybersecurity update flaw triggered the Windows “blue screen of death.”

Oracle settles privacy lawsuit for $115M

Oracle will pay $115 million to settle a lawsuit that charged the company with violating website user privacy by tracking user browsing activity and compiling it into a profile that it sold via its Oracle Data Marketplace.

Morning Headlines 7/19/24

UnitedHealth was too ‘optimistic, in hindsight’ about the impact of Change Healthcare cyberattack: CEO

UnitedHeatlh reports a quarterly increase in Q2 earnings, but falls short in its estimation of the Change Healthcare cyberattack’s impact on its full-year financials.

GE HealthCare announces agreement to acquire clinical artificial intelligence business from Intelligent Ultrasound

GE HealthCare acquires Intelligent Ultrasound, whose AI-driven ultrasound analysis tools are used by GE HealthCare and other device manufacturers, for $51 million.

Thoughtful AI Launches Human-Capable AI Agents, Raises $20m in New Funding

Revenue cycle automation company Thoughtful AI raises $20 million in Series A funding.

Morning Headlines 7/18/24

What Our $30M Series B Means For Healthcare: A Message from Our CEO

Patient privacy and digital healthcare marketing startup Freshpaint raises $30 million in a Series B investment round, bringing its total raised to $42 million.

Findhelp Announces Acquisition of Kiip, Adding New Technology that will Accelerate Its Mission to Simplify Access to Social Services and Benefits

Findhelp acquires Kiip, a New York City-based company that specializes in helping community-based organizations deliver services.

Hospitals will use AI to speed up patient care

BBC reports that hospitals in England will use AI to improve patient flow, prepare radiology reports, and support rapid ED assessment.

Huma completes Series D with total financing of over $80m as it launches Huma Cloud Platform with GenAI integrations to bring digital first care and research to everyone

Huma Therapeutics announces Huma Cloud Platform, a no-code system for configuring regulated disease management tools that includes pre-built modules, device connectivity, cloud hosting, APIs, and a marketplace.

Morning Headlines 7/17/24

RLDatix Acquires Carebeans Limited

Healthcare governance, risk, and compliance solutions company RLDatix acquires London-based digital social care planning and management software vendor Carebeans.

Lumerity Capital backs healthcare IT consulting firm Ellit Groups

Health IT consulting firm Ellit Groups receives an undisclosed amount of funding from Lumerity Capital.

Virtual healthcare provider Seven Starling raises $10.9M round for maternal health services

Virtual maternal mental healthcare company Seven Starling announces $10.9 million in Series A funding.

Thyme Care Closes $95M Series C To Fuel Cancer Care Affordability

Thyme Care, a value-based oncology care company based in Nashville, brings its total funding to $178 million with a new Series C investment.

Morning Headlines 7/16/24

Healthcare firm Concentra eyes $3.3 bln valuation in US IPO

Occupational healthcare provider Concentra hopes to raise up to $585 million through an IPO, potentially achieving a valuation of $3.3 billion.

Med-Metrix Announces the Acquisition of HRSI, Augmenting the Company’s Eligibility Management Capabilities

RCM company Med-Metrix acquires Philadelphia-based Healthcare Receivable Specialists Inc., which offers eligibility and reimbursement services.

VA awards AI tech sprint winners pilot contracts for ambient medical transcription services

The VA will pilot AI-based medical scribe technologies from Nuance and Abridge AI, winners of the first phase of the VA’s AI Tech Sprint.

Morning Headlines 7/15/24

Florida Health Department Hit by Ransomware Attack, Sensitive Data Released on Dark Web

Ransomware hackers who breached the Vital Statistics system of Florida’s health department publish 100 gigabytes of HIV results, immunization records, and clinical notes to the dark web after the state declines to pay a ransom.

Mental Health Startup Headway Nabs $2.3 Billion Valuation

Headway, which helps patients find, book, and pay for mental healthcare appointments online, reportedly raises $100 million in a funding round led by Spark Capital.

Children’s National, armed with $1M AWS donation, adding dozens of AI positions

Children’s National Hospital in Washington, DC is looking to fill 30 AI positions after receiving a $1 million donation from Amazon Web Services.

Morning Headlines 7/12/24

HHS Proposes HTI-2 Rule to Improve Patient Engagement, Information Sharing, and Public Health Interoperability

ONC publishes its Health Data, Technology, and Interoperability: Patient Engagement, Information Sharing, and Public Health Interoperability (HTI-2) proposed rule for public comment.

Regard Raises $61M to close the Clinical Insights Gap in Healthcare with leading AI solution

Clinical insights platform vendor Regard closes a $61 million Series B funding round.

Lockbit Group Claims the Hack of the Fairfield Memorial Hospital in the US

The Lockbit ransomware group threatens to leak data stolen from Fairfield Memorial Hospital (IL) unless the hospital pays a ransom by July 17.

ExactCare and Tabula Rasa HealthCare Rebrand Combined Organization as AnewHealth

ExactCare, which acquired Tabula Rasa HealthCare in November 2023, renames the combined business to AnewHealth, which offers pharmacy services and technology for managing chronic conditions in home and community settings.

Morning Headlines 7/11/24

Leading Healthcare Solutions Provider, Medicus IT, Announces Investment from FFL Partners to Accelerate Growth and Enhance mCare Services Platform

Private equity firm FFL Partners acquires health IT, cybersecurity, and compliance company Medicus IT from 424 Capital.

780 Carilion Clinic employees to be affected by new revenue cycle partnership

Carilion Clinic (VA) will outsource its RCM operations to Ensemble Health Partners in September.

Sanford Health, Marshfield Clinic Health System: Announce intent to combine, advance world-class care in rural Midwest

Sanford Health (SD) announces that it will acquire Marshfield Clinic (WI), noting that their patients will benefit from their combined digital health, virtual care, data analytics, and AI capabilities.

Morning Headlines 7/10/24

SAIGroup Expands Healthcare AI Platform with Acquisition of Get Well

Private investment firm SAIGroup acquires patient engagement technology vendor Get Well.

Accuhealth and Signallamp Combine Forces with Additional Investment from Sunstone Partners

Remote patient monitoring and chronic care management company Accuhealth acquires competitor Signallamp Health.

Patient safety concerns arise over Amazon’s One Medical call centers after document leak

A PBS review of internal Amazon documents finds that some patients of its One Medical primary care business were put at risk when the company shifted their calls and texts to a call center that was staffed by minimally trained employees.

Morning Headlines 7/9/24

HarmonyCares Secures $200M to Expand Access to In-Home Primary Care

In-home primary care provider HarmonyCares will use new funding to expand beyond its 15 markets, improve its EHR, and develop new technology.

OpenAI Startup Fund & Arianna Huffington’s Thrive Global Create New Company, Thrive AI Health, To Launch Hyper-Personalized AI Health Coach

The OpenAI Startup Fund and Thrive Global launch Thrive AI Health to offer consumers AI-informed health coaching in the areas of sleep, diet, fitness, stress management, and connection.

Ohio Behavioral Health Providers Network (OBHPN) Partners with Alera Health to Build a Clinically Integrated ONEcare Network Across Ohio to Expand Access to Care, Improve Health Outcomes, and Lower Costs

Ohio Behavioral Health Providers Network will leverage technology and services provided through Alera Health’s Onecare Network to better integrate its offerings with primary care providers and improve its population health management.

Morning Headlines 7/8/24

UCSF Health and AG Announce Agreement on Saint Francis, St. Mary’s

California’s attorney general approves UCSF Health’s acquisition of Dignity Health’s Saint Francis Memorial Hospital and St. Mary’s Medical Center, with terms that include UCSF Health spending at least $80 million on their EHR.

Florida health department data captured in cyberattack, hackers claim

The RansomHub ransomware group claims to have publicly posted 100 GB of information that it stole from the systems of the Florida Department of Health, which declined to pay the ransom that it demanded in accordance with state policy.

CentroMed Data Breach: basic operations restored after cyberattack

CentroMed, a Texas-based chain of federally funded clinics, restores its computer systems after a ransomware attack forced them offline in early May.

Morning Headlines 7/4/24

New Mountain Capital Proposes Buyout of R1 RCM

R1 RCM shareholder New Mountain Capital goes solo in its bid to acquire the healthcare payments vendor in a deal valued at $5.6 billion.

Top Biden administration officials withdraw from Coalition for Health AI

National Coordinator Micky Tripathi and FDA Director of Digital Health Troy Tazbaz withdraw from the relatively new Coalition for Health AI, with Tripathi attributing his departure to potential conflicts of interest.

OHSU Fires Group of Telehealth Nurses It Lauded During COVID-19

Oregon Health & Science University lays off 16 nurses in its Connected Care Center as part of a wider restructuring that will result in the elimination of 500 positions.

Morning Headlines 7/3/24

R1 RCM Shares Slide on Reduced Hopes for Buyout Deal

R1 RCM shares drop on the news that its two largest shareholders have failed to reach an agreement on a bid to jointly acquire the company.

Walmart has held talks to sell its shuttered medical clinics

Walmart is reportedly shopping its Walmart Health facilities to potential buyers that include health insurance companies like Humana.

Three Former Executives Sentenced for $1B Corporate Fraud Scheme

The Department of Justice recaps the recent sentences of three former Outcome Health executives who were involved in a $1 billion corporate fraud scheme, and notes that three other executives have pleaded guilty and are awaiting sentencing.

Morning Headlines 7/2/24

K Health, The Leading AI Primary Care Platform, Raises $50 Million Equity Funding Round

Virtual primary care company K Health raises $50 million, bringing its total raised to well over $400 million.

HHS Office for Civil Rights Settles HIPAA Security Rule Failures for $950,000

Heritage Valley Health System (PA) will pay $950,000 to settle potential HIPAA Security Rule violations related to a 2017 ransomware attack caused by malware that spread from Nuance to multiple healthcare organizations.

Prescribe Fit Secures $4.8MM in Series A Funding to Revolutionize Musculoskeletal Healthcare with Innovative Remote Patient Monitoring and AI Solutions

Prescribe Fit, which offers remote monitoring, health coaching, and virtual care programs for orthopedic patients, raises $4.8 million in Series A funding.

Morning Headlines 7/1/24

Lurie Children’s Hospital cybersecurity breach affected more than 790K people, including patients

Lurie Children’s Hospital of Chicago reports in a data breach filing notice that the information of 791,000 people was exposed to ransomware hackers in its January 31 cyberattack.

Fabric Acquires MeMD, Expanding Virtual Care Services to 30,000 Employers and 5 Million Members

Care enablement technology company Fabric acquires virtual care service provider MeMD from the now shuttered Walmart Health.

Amwell Announces Reverse Stock Split

Telehealth vendor Amwell announces a reverse stock split in order to avoid delisting on the New York Stock Exchange.

Google, TikTok Ban Ads From ADHD Telehealth Company Amid Federal Probe

Google and TikTok bar Done Global from advertising on their platforms amidst a federal investigation that has expanded to include five additional people of interest.