Morning Headlines 8/28/24

Access and Use of Electronic Health Information by Individuals with Cancer: 2020-2022

An ASTP/ONC study finds that 60% of people who were recently diagnosed with cancer accessed their online medical records in 2020-2022, a marked increase from 2017-2018.

Pfizer Launches PfizerForAll, a Digital Platform that Helps Simplify Access to Healthcare

Pfizer launches PfizerForAll, a direct-to-consumer online healthcare business that offers virtual consults for select conditions, prescription and test delivery to the home, and local appointment scheduling for vaccines.

Cantata Health Solutions Acquires Geisler IT Services as Momentum for its Arize EHR Platform Continues to Increase

EHR vendor Cantata Health Solutions acquires Ohio-based Geisler IT Services for an undisclosed sum.

Morning Headlines 8/27/24

McKesson Signs Agreement to Acquire Controlling Interest in Florida Cancer Specialists & Research Institute’s Core Ventures

McKesson will acquire business and administrative services company Core Ventures from Florida Cancer Specialists & Research Institute for $2.5 billion.

McLaren Health Care IT system restored following cyberattack

McLaren Health Care (MI) fully restores its computer systems following a ransomware attack earlier this month.

Forge Health Poised for Optimization and Expansion with Strategic Investment from MFO Ventures

Hybrid mental healthcare provider Forge Health will use new funding from MFO Ventures to develop tailored programs for cancer patients and to expand its virtual care services beyond the five states in which it currently operates.

Morning Headlines 8/26/24

Evolent Health up for sale

Publicly traded healthcare software vendor Evolent Health is reportedly considering acquisition offers from several private equity firms and insurer Elevance Health.

Cognizant’s subsidiary TriZetto files lawsuit against Infosys over trade secrets

Cognizant-owned TriZetto sues Infosys, claiming that the company stole trade secrets related to TriZetto’s Facets and QNXT health insurance software .

Indicted Telemedicine CEO an ‘Extreme Flight Risk,’ Judge Says

A federal judge deems indicted Done Global founder and CEO Ruthia He a flight risk at a bail hearing last week due to the fact that she has family in China and potential access to company and personal accounts worth a combined $10 million.

Morning Headlines 8/23/24

Buzzy mental health startup Slingshot AI just grabbed $30 million from A16oz

AI-powered mental health chatbot vendor Slingshot AI reportedly raises $30 million in funding, valuing the company at $220 million.

Indian Health Service CMIO Details EHR Modernization Effort

The Indian Health Service will launch its first Oracle Health pilot in 2026 as it replaces its 40-year-old RPMS EHR in a 10-year, $2.5 billion project.

Arsenal Capital Partners Signs Agreement to Acquire Knowtion Health

Arsenal Capital Partners will acquire RCM vendor Knowtion Health from Sunstone Partners, which will remain an investor.

Solace Raises $14M to Empower Patients through Healthcare Advocates

Digital healthcare navigation company Solace Health raises $14 million in Series A funding, bringing its total raised to $21 million.

Morning Headlines 8/22/24

Telehealth company Truepill gets swallowed for $525 million

At-home testing and virtual care company LetsGetChecked acquires digital pharmacy company Truepill for $525 million.

Phrase Health Secures $2M NIH SBIR Funding

Phrase Health will use $2 million in NIH funding to develop Quality Improvement templates for its EHR workflow management software.

CancerIQ scores growth funding from private equity

Cancer risk assessment and care planning software company CancerIQ secures funding from Decathlon Capital Partners.

Morning Headlines 8/21/24

Clarium Announces $10.5M Strategic Financing Round Led by General Catalyst to Accelerate the Modernization of Healthcare Supply Chain

Hospital supply chain automation company Clarium announces $10.5 million in new funding and the GA of its new Astra OS workflow software and data ecosystem.

Premier, Inc. (PINC) Tops Q4 Earnings and Revenue Estimates

Premier announces Q4 results: revenue up 3%, EPS $0.69 versus $0.68, beating Wall Street expectations for both.

Bingham Healthcare expands services in Pocatello with new telepharmacy and ER behavioral health and neurology telemedicine initiatives

Bingham Healthcare (ID) will use a $110,000 grant to launch telepharmacy services at its Pocatello location and teleneurology and virtual behavioral healthcare consults at Bingham Memorial Hospital’s ER.

Morning Headlines 8/20/24

Buffalo startup raises $6.8 million

Sleep apnea-focused digital healthcare company Ognomy announces a $6.8 million seed funding round.

These techies are solving US healthcare challenges

Providence (WA) will hire an additional 2,000 staff at its IT hub in India by the end of 2025.

Well Health plans to spin out, publicly list SaaS and services business in 2025

Canadian healthcare provider and IT company Well Health will spin off and publicly list its Well Provider Solutions software business in the first half of next year.

Morning Headlines 8/19/24

Epic Commends Carequality

Epic expects all of its customers to go live on TEFCA by the end of 2025 using its Epic Nexus QHIN.

McLaren Health confirms ransomware attack, says recovery will last through August

McLaren Health Care (MI) reports that it will take another several weeks to fully recover from an August 4 ransomware attack.

Palomar Health Medical Group restores operations following cyberattack

Palomar Health Medical Group (CA) announces that it has fully restored its computer systems after a cyberattack discovered in early May forced them offline.

Morning Headlines 8/15/24

Caresyntax Raises $180 Million Funding to Accelerate Growth and Adoption of Precision Surgery

Precision surgery platform vendor Caresyntax raises $180 million in a Series C funding round.

Scaling Photon

Text-based prescription management software startup Photon announces $9 million in new funding, bringing its total raised to $16.4 million.

OmniSYS Becomes XiFin Pharmacy Solutions, Launches Pharmacy Payor Rate Transparency Monitor and Receives Industry Recognition with Pharmacy 500 Award

XiFin rebrands pharmacy technology business OmniSys to XiFin Pharmacy Solutions and announces plans to launch a visualization tool that will help pharmacies compare payer reimbursement rates.

Morning Headlines 8/15/24

Mosaic Health Introduced as a National Primary Care Delivery Platform

Elevance Health (the former Anthem) partners with PE firm Clayton, Dubilier & Rice to launch primary care delivery company Mosaic Healthcare.

Chartis Announces Majority Investment from Blackstone to Advance Mission of Healthcare Transformation

Blackstone acquires a majority stake in healthcare advisory firm Chartis, parent company of HealthScape Advisors, Jarrard, and Greeley.

Google Pixel Watch 3: bigger, brighter, fine-tuned for fitness

Google launches the Pixel Watch 3, whose health-related features include workout biometrics, cardiac tracking, planning and guiding tools for runners; and loss-of-pulse detection that can contact emergency services.

Morning Headlines 8/14/24

Veradigm collects initial bids for potential sale

Insiders report that Veradigm has received bids for a potential sale of the company following its announcement that it is seeking strategic alternatives.

CareCloud Reports Second Quarter 2024 Results

CareCloud reports Q2 results: revenue down 4%, EPS $-0.14 versus –$0.37, exceeding estimates for both.

Doximity First Quarter 2025 Earnings: Beats Expectations

Doximity reports Q1 results: revenue up 17%, EPS $0.22 versus $0.15, beating expectations for both and sending shares up sharply to a 52-week high.

Morning Headlines 8/13/24

Francisco Partners to Sell QGenda to Hearst in a More Than $2 Billion Exit

Hearst, parent company of the Hearst Health network of businesses, will acquire healthcare workforce management software vendor QGenda from Francisco Partners in a deal valued at between $2 billion and $3 billion.

Stryker announces definitive agreement to acquire care.ai, a leading virtual care and ambient intelligence solutions platform

Medical technology company Stryker acquires Care.ai, which specializes in smart healthcare facility and virtual care technologies.

Augmedix Delivers 27% Revenue Growth for Second Quarter of 2024

Ambient AI medical software vendor Augmedix, which will soon be acquired by Commure, sees a 27% increase in Q2 revenue but ultimately misses analyst expectations on earnings and revenue.

Morning Headlines 8/12/24

Five9 to Acquire Acqueon to Expand its Industry-Leading Omnichannel Outreach and Journey Orchestration for the Enterprise

AI-powered customer service technology vendor Five9 acquires Acqueon, which offers a revenue execution platform.

TrueClaim: The world’s first transparent, AI-enabled healthcare TPA (that doesn’t suck)

Former executives from Hinge Health, PMD, and Walgreens launch TrueClaim, an AI-enabled third-party administrator for self-insured companies that says it can save 7% of costs with no changes in benefits.

Massachusetts, California Weigh New Curbs on Private-Equity Medical Acquisitions

Massachusetts and California consider limiting private equity acquisitions of healthcare businesses, with the former proposing leverage limits and the latter considering mandatory state approval.

Morning Headlines 8/9/24

Health Catalyst Reports Second Quarter 2024 Results

Health Catalyst shares jump on the news of the company’s Q2 results, which beat analyst expectations, and its acquisition of care orchestration platform vendor Lumeon.

Walgreens May Sell Off Entire Stake In Clinic Operator VillageMD

Walgreens considers selling off all or part of its VillageMD primary care business, which it acquired in 2021 with an investment of $5.2 billion.

TruBridge Announces Second Quarter 2024 Results

Health IT company TruBridge reports a small uptick in Q2 revenue to $84.7 million, with revenue from its RCM solutions making up 64% of that total.

Rhysida Ransomware group claims to have breached Bayhealth Hospital in Delaware

The Rhysida ransomware group threatens to sell data stolen from Bayhealth (DE) unless the health system pays a ransom by August 14.

Morning Headlines 8/8/24

CVS’s stock drops as the healthcare-benefits business continues to hurt profits

CVS Health shares drop on the news of disappointing Q2 results, largely stemming from its lackluster Aetna health benefits business, and the ouster of Aetna EVP and President Brian Kane.

Roche considering divesting $1.9 bln cancer data startup, FT reports

Pharmaceutical company Roche is reportedly considering selling Flatiron Health, the oncology software and research company it acquired in 2018 for $1.9 billion.

McLaren hospitals disruption linked to INC ransomware attack

McLaren Health Care (MI) confirms that the recent disruption to its IT systems was caused by a ransomware attack led by the INC ransomware gang.

Morning Headlines 8/7/24

OneBlood’s Critical Software Systems Back Online Following Ransomware Event

OneBlood, a blood center that serves 250 hospitals in the Southeast, restores its critical software systems after a July 29 ransomware attack forced them offline.

Guidehealth Closes $14 Million Seed Round With Strategic Investment from Memorial Hermann Health System

Guidehealth, which specializes in value-based care programs that incorporate AI-enhanced technology and clinical services, announces $14 million in seed funding.

Epic Wins Motion for Attorneys’ Fees Against Patent Troll

A federal court orders a patent troll to pay the attorney fees of Epic, whose customers it had sued claiming patent infringement.

Morning Headlines 8/6/24

Tenet Healthcare to Sell Five Birmingham Hospitals to Orlando Health

Orlando Health will acquire Tenet Healthcare’s Brookwood Baptist Health (AL) for $910 million and will enter into a 10-year contract with Tenet’s RCM vendor, Conifer Health Solutions, for revenue cycle services for the newly acquired system.

OneBlood software partially restored after ransomware attack

OneBlood’s software systems begin operating at a reduced capacity after a July 29 ransomware attack forced them offline.

Technical issue disrupts computers, phones for McLaren Health Care system

McLaren Health Care (MI) announces an unspecified IT issue has taken down its computers and phone lines.