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.

Morning Headlines 6/28/24

Walgreens Boots Alliance Reports Fiscal 2024 Third Quarter Results

Walgreens reports mixed Q3 results and announces that it will reduce its stake in primary care provider VillageMD so that it no longer holds a majority share.

Arcadia acquires CareJourney to enable high-performing networks and value-based care success

Data platform and analytics vendor Arcadia acquires CareJourney, which offers claims-sourced provider cost and quality data.

Hummingbird Healthcare Raises $10M to Address Persistent Barriers to Patient Access

Patient access technology vendor Hummingbird Healthcare closes a $10 million Series A funding round led by UCHealth.

Novant Health lays off 81 IT workers in Winston-Salem

Novant Health (NC) will lay off 81 IT workers in late August and shift some of their tasks to Deloitte Digital as part of a previously announced outsourcing plan.

Morning Headlines 6/27/24

CHAI Releases Draft Responsible Health AI Framework for Public Comment

The Coalition for Health AI publishes a draft framework for the responsible use of AI in healthcare and solicits public comment.

Form Health, The Leading Provider of Science-Based Obesity Care in the United States, Raises $38 Million Series B Led By Sound Ventures

Online medical weight loss clinic Form Health raises $38 million in a Series B funding round, bringing its total raised to $65 million.

VA still dealing with fallout from Change Healthcare ransomware attack

The VA expects to have backlogs created by the Change Healthcare ransomware attack cleared by next February – a year after the hack originally took place.

CipherHealth Announces Capital Investment by Atalaya Capital Management, Setting Stage for Future Growth in Patient-Centered Communications

Patient engagement software vendor CipherHealth announces an undisclosed amount of new funding from Atalaya Capital Management.

Morning Headlines 6/26/24

EVisit Acquires UPMC’s Inpatient Teleconsult Technology and Secures Investments from UPMC Enterprises and MedStar Health to Expand Innovative Partnerships and Capabilities

EVisit acquires inpatient tele-consult technology that was developed by UPMC Enterprises and secures investments from UPMC and MedStar Health (MD).

Adonis Raises $31 Million, Led by Point72 Private Investments, to Improve Healthcare Financial Outcomes and Patient Experiences Through AI

AI-enabled RCM vendor Adonis raises $31 million in a Series B funding round, bringing its total raised to $54 million.

Geisinger provides notice of Nuance’s data security incident

Nuance notifies Geisinger patients that a former employee accessed patient information two days after being fired by the company in November 2023.

Morning Headlines 6/25/24

Heyday Health Raises $12.5M to Scale “Virtual-forward” Value-based Care Model for Medicare & Dual-eligible Patients

Heyday Health will use $12.5 million in new funding to expand its virtual care and house call services for Medicare patients into new markets in Ohio and Kentucky.

Digital Health Company Pear Suite Hits 100-Customer Milestone

Health and social care navigation software vendor Pear Suite secures $1 million in funding.

HHS Finalizes Rule Establishing Disincentives for Health Care Providers That Have Committed Information Blocking

HHS finalizes the penalties providers can expect to face if they engage in information-blocking activities.

Morning Headlines 6/24/24

Judge rules in favor of AHA vacating HHS online tracking ‘bulletin’ as unlawful and beyond agency authority

A Texas federal court sides with the AHA, Texas Hospital Association, and two health systems in ruling that HHS does not have the authority to invoke HIPAA to ban the use of web tracking tools by providers.

Sharecare enters into definitive agreement to be acquired by Altaris

Sharecare, which went public via a SPAC merger in July 2021 at a $4 billion valuation, will be acquired and taken private by investment firm Altaris at a price of around $500 million.

Russian Hackers Of London Hospitals Publish Patient Data

The Russian hacker group that launched a ransomware attack on UK-based pathology provider Synnovis – which disrupted operations at several London hospitals – publishes 400 GB of stolen data after its $50 million ransom demand was not met.

Morning Headlines 6/21/24

Prior Authorization Platform Humata Health Closes $25M Investment

Prior authorization technology vendor Humata Health raises a $25 million investment.

Change Healthcare to start notifying customers who had data exposed in cyberattack

Change Healthcare begins notifying hospitals, payers, and other customers that they may have had patient information exposed in a February ransomware attack, and will begin notifying individuals in late July.

ARPA-H enters $19M contract with Palantir for artificial intelligence, data software

HHS agency ARPA-H — the Advanced Research Projects Agency for Health — will use Palantir software to support its healthcare R&D efforts.

Scaling maternal care that works

Virtual pregnancy and newborn care provider Pomelo Health raises $46 million in Series B funding.