Morning Headlines 5/4/22

Cerner Reports Fourth Quarter and Full Year 2021 Results

Cerner reports Q1 results: revenue up 4%, adjusted EPS $0.93 versus $0.78, meeting earnings expectations but falling short on revenue.

VA secretary urges EHR rollout to continue, but ‘very concerned’ about system outages

VA Secretary Denis McDonough says the agency will continue rolling out its new Cerner software despite five recent outages that have caused some lawmakers to call for a halt to implementations.

American College of Physicians and the American Telemedicine Association Collaborate on New Digital Health Assessment Framework

The American College of Physicians and the American Telemedicine Association will develop a framework for assessing digital health technologies that are used by providers and consumers.

Morning Headlines 5/3/22

Virtual care enabler Capable raises $6 million

Capable Health, developer of plug-and-play virtual care software, raises $6 million in seed funding.

Guidewell and Highmark Ventures Lead $35 Million Funding Round in Kidney Health Leader Healthmap Solutions

Kidney care-focused analytics and population health management vendor Healthmap Solutions raises $35 million, bringing its total funding to $135.6 million.

Allscripts Closes Sale of Hospital and Large Physician Practices Business to Constellation Software

Allscripts finalizes the sale of its hospital and large physician practices business to Harris parent company Constellation Software for up to $700 million in cash.

Health startup MyNurse to shut down after data breach exposed health records

Virtual chronic care management and remote patient monitoring startup MyNurse announces it will shut down alongside its notice to users of a March data breach.

Morning Headlines 5/2/22

Walmart Health Introduces Telehealth Diabetes Program To Help Businesses Support Employees Through Education and Behavioral Care

Walmart rolls out a diabetes telehealth program for employers that includes diabetes education, behavioral health analysis and counseling, and discounts on insulin, diabetes medications, and test kits.

HST Pathways Announces Acquisition of Simplify ASC

Ambulatory surgery software vendor HST Pathways acquires competitor Simplify ASC.

Configo Health to relocate to Asheville, raises $2M for growth in Western NC

Configo Health, a North Carolina-based startup that has developed benchmarking analytics for pediatric hospitals, raises $2 million.

Morning Headlines 4/29/22

Teladoc Health Reports First Quarter 2022 Results

Teladoc Health reports Q1 results: revenue up 25%, EPS -$41.58 versus -$1.31, with the loss driven by a somewhat expected $6.6 billion impairment charge from its $18.5 billion acquisition of Livongo in 2020.

Syllable Raises $40 Million Series C Led by TCV to Improve the Patient Experience with Intelligent Voice Solutions for Health System Call Centers and Medical Practices

Syllable, which sells intelligent voice systems for health system call centers and practices, raises $40 million in a Series C funding round.

Cerner ticks higher on report Oracle likely to see smooth European review

A European antitrust review of Oracle’s planned acquisition of Cerner is likely to surface no concerns, according to a recent report.

Morning Headlines 4/28/22

HHS puts $90M toward improving health center data collection

HHS allocates $90 million to help health centers modernize their data and reporting capabilities, enabling them to gain a better picture of social determinants of health.

Tenet Reports Cybersecurity Incident

Tenet Healthcare confirms that a cybersecurity incident disrupted patient care last week at several acute care facilities, though normal operations are now being resumed.

Implicity Raises $23M to Broaden Use of Its Cardiac Remote Monitoring Platform

Cardiac remote monitoring and data management technology vendor Implicity raises $23 million in a Series A funding round.

Introducing Source: The Infrastructure Layer for Virtual Care

Virtual care tech startup Source Health launches with $3 million in funding.

Morning Headlines 4/27/22

3M is said to consider sale of its healthcare IT division

3M is reportedly seeking a buyer for its Health Information Systems revenue cycle and software business.

Biden Administration Increases Access to COVID-⁠19 Treatments and Boosts Patient and Provider Awareness

The White House’s plan for expanding access to COVID-19 treatments such as oral antivirals includes working with EHR vendors, with Cerner and Epic specifically mentioned, to incorporate antiviral treatment content and availability information.

OneMedNet, An Expert and Leader in Clinical Imaging Innovation and Data Solutions, to Become Publicly Traded Via Combination with Data Knights Acquisition Corp.

Imaging real-world data vendor OneMedNet will go public via a SPAC merger at a valuation of $317 million.

VA electronic health record system hit with further outages at Walla Walla site

VA and Cerner officials are looking into the cause of two EHR system outages at the Jonathan M. Wainwright Memorial VA Medical Center in Walla Walla, WA earlier this week.

Morning Headlines 4/26/22

UnitedHealth agrees to sell Change Healthcare’s ClaimsXten business for $2.2bn

UnitedHealth has agreed to sell Change Healthcare’s ClaimsXten claims payment and editing software business to TPG Capital for $2.2 billion, provided its acquisition of Change is finalized.

Ann Arbor’s Fifth Eye Partners with Texas Health Care Analytics Firm

AirStrip invests in clinical analytics company Fifth Eye as part of a collaboration that will include integration of Fifth Eye’s AHI System with AirStrip’s One platform for inpatient surveillance.

LifePoint Health to Lead Investment in Specialist TeleMed

Specialist TeleMed secures an undisclosed amount of funding from LifePoint Health (TN).

Fathom Secures Investment From Vituity’s Inflect Health

Medical coding automation vendor Fathom secures funding from Inflect Health, the innovation arm of Vituity, a provider group based in Emeryville, CA.

Morning Headlines 4/25/22

Tenet Health says systems are coming back, calls patient worries ‘preposterous’

A TV station’s report on downtime at two of Tenet Healthcare’s South Florida hospitals prompt the company to complain that it is “preposterous” to suggest that charting on paper during EHR downtime could cause medication errors.

Veteran hospitalized at Spokane VA after missing heart medication, highlighting health record system’s prescription problems

Spokane VA officials confirm that a veteran was hospitalized with heart failure in March after his heart medication prescription – ordered before Mann-Grandstaff VA Medical Center’s conversion to Cerner  – disappeared off his Cerner active medication list.

Newfoundland and Labrador healthcare information system ‘fragmented, outdated’: report

Canada’s Newfoundland and Labrador hasn’t followed through on recommendations that it upgrade to a new version of Meditech in a $92 million project that auditors say would more than pay for itself.

Morning Headlines 4/22/22

Netsmart Expands the CareFabric Platform to Support Physical Therapy, Rehabilitation and Wellness Providers

Netsmart acquires TheraOffice, an EHR/PM for physical therapy and rehabilitation practices that will be incorporated into Netsmart’s CareFabric platform.

Mendel Raises $40 Million Series B Round to Expand its Team and Grow Product Offering

Mendel, which uses natural-language processing and AI to transform unstructured clinical data into analytics-ready information, raises $40 million in a Series B funding round.

Reify Health Raises $220M Series D to Bridge the Diversity Gap in Clinical Trials

Clinical trials solutions vendor Reify Health raises $220 million in a Series D funding round that values the company at nearly $5 billion.

NexHealth Raises $125M Series C at $1B Valuation

Healthcare API developer NexHealth raises $125 million in a Series C funding round, bringing its total raised to $177 million.

Morning Headlines 4/21/22

MetroWest Medical Center Turned Away Ambulances & Patients Earlier Today

MetroWest Medical Center and St. Vincent Hospital – facilities in Massachusetts owned by Tenet Healthcare – divert patients for several hours in response to a likely cyber attack.

CDC Launches New Center for Forecasting and Outbreak Analytics

The CDC has launched the Center for Forecasting and Outbreak Analytics to enhance the federal government’s ability to respond to outbreaks using data, models, and analytics.

CentralReach Leases Space at Bell Works

CentralReach, a behavioral health EHR vendor based in New Jersey, will relocate its headquarters to build out a remote-first hybrid work space for its 400 employees.

Morning Headlines 4/20/22

The Chartis Group Welcomes National Health Equity Advisory Firm Just Health Collective

The Chartis Group acquires health equity advisory firm Just Health Collective, whose founder and CEO Duane Reynolds, MHA has worked in inclusion and diversity executive roles with UnitedHealth Group and the American Hospital Association.

Protenus Granted New Patent “Methods and Systems for Analyzing Accessing of Drug Dispensing Systems”

The US Patent Office awards patient privacy monitoring company Protenus a patent for “Methods and Systems for Analyzing Accessing of Drug Dispensing Systems.”

RevX upgrades MHS GENESIS at Puget Sound Military Health System

Puget Sound Military Health System, Madigan Army Medical Center, Naval Health Clinic Oak Harbor, the Air Force’s 62nd Medical Squadron, and Naval Hospital Bremerton upgrade their Cerner-powered MHS Genesis EHR software with Revenue Cycle Expansion features.

Morning Headlines 4/18/22

Effectiveness of Email Warning on Reducing Hospital Employees’ Unauthorized Access to Protected Health Information

A JAMA-published study finds that sending warning emails to professional staff who were detected by monitoring technology inappropriately accessing patient EHR information reduced repeat incidents by 95%.

Mental health startup Ahead got behind

Virtual ADHD treatment provider Ahead, which launched in 2019, announces it will shut down after raising $9 million.

Furious patients hit out as doctors’ chief dismisses concerns about the difficulties of getting face-to-face GP appointments as ‘a lot of noise’

In England, the president of the Royal College of GPs – who holds an ownership stake in a telehealth technology vendor – takes heat for saying in a conference that the most positive development of the pandemic was a huge boost in telehealth.

Morning Headlines 4/15/22

MedTrainer Announces $43 Million Series B Funding Round Led by Vista Equity Partners

Healthcare compliance and learning platform vendor MedTrainer raises $43 million in a Series B funding round.

Iris Telehealth Raises $40 Million in Series B Funding to Combat Behavioral Healthcare Crisis

Virtual mental health company Iris Telehealth raises $40 million in Series B funding.

9am.health Raises $16 Million Series A To Build a Comprehensive Virtual Diabetes Destination Nationwide

Virtual diabetes clinic 9am.health raises $16 million in a Series A funding round.

Morning Headlines 4/14/22

Northwell Health and Aegis Ventures Launch Ascertain – Healthcare AI Company Creation Platform to Improve Quality and Access to Care

Northwell Health (NY) and Aegis Ventures launch Ascertain, a joint venture devoted to developing and commercializing healthcare AI companies.

Healthtech firm Biofourmis to earn unicorn status with General Atlantic funding

Sources say that upcoming funding from General Atlantic will give virtual care and digital therapeutics vendor Biofourmis a valuation of over $1 billion.

Top Integrated Practice Management, Revenue Cycle & EHR Solutions Rating Awarded to ModMed by Surgical Specialists, Black Book Annual Physician Survey

ModMed achieves the top customer ranking for its integrated practice management, EHR, and RCM software, according to a Black Book survey of end users working in surgical specialties.

Morning Headlines 4/13/22

Expiration Date of Tender Offer for Cerner Corporation Shares Extended to May 11, 2022

Oracle extends its Cerner acquisition deadline from April 13 to May 11, with no other changes of terms to the $28 billion deal.

Imprivata Acquires SecureLink to Deliver the Only Single-Vendor Platform to Manage and Secure All Enterprise and Third-Party Digital Identities

Imprivata acquires digital identity management vendor SecureLink.

CliniSys acquires ApolloLIMS to grow community and public health diagnostics capability

Laboratory systems vendor CliniSys Group acquires ApolloLIMS.

Morning Headlines 4/12/22

Vytalize Health raises over $50M Series B to advance value-based care

Senior-focused value-based care company Vytalize Health raises $50 million in a Series B funding round.

Forge Health Secures $11M Growth Investment Led by HC9 Ventures to Expand Proven Value-Based Behavioral Health Model

Tech-enabled mental health and substance use treatment provider Forge Health raises $11 million in a funding round led by HC9 Ventures.

Diligent Robotics Raises Over $30 Million in Series B Funding Round to Deploy Collaborative Robots to Healthcare Systems Across the Nation

Diligent Robotics, developer of the Moxi robot that performs delivery tasks for healthcare teams, raises $30 million in a Series B funding round.

Morning Headlines 4/11/22

VA looking into ‘root cause’ of EHR outage that also hit DoD, Coast Guard

All federal Cerner systems – DoD, VA, and Coast Guard – went down for two hours Wednesday due to a server problem.

Doceree Closes $11 Million Series A Funding Round Led by Eight Roads Ventures

Healthcare marketing firm Doceree, which helps brands reach physicians on point-of-care platforms like EHRs, raises $11 million in a Series A funding round.

Eleanor Health Raises $50 Million to Combat Historic Mental Health Crisis and Expand Proven Value-Based Care Model for Addiction and Mental Health

Hybrid mental health and substance abuse treatment provider Eleanor Health raises $50 million in a Series C funding round.