Industry News Update 3/24/23

President Biden’s proposed $6.8 trillion 2024 budget includes $1.9 billion for the continued roll out of the VA’s Oracle Cerner EHR & The AHA-commissioned report finds that 53% of US hospitals expect to loose money this year.

Valley Health’s new smart hospital will leverage MEDITECH Expanse and employ innovative technologies that will impact all areas of the hospital & Walmart and CareSource are entering a three-year partnership.

Apple isn’t entering the primary care arena like other retail disruptors but is focusing instead on how to keep patients healthier through data & Premier Inc. acquires the “Top 100 Hospitals” program from Merative.

AT&T, the second-biggest U.S. wireless carrier, is exploring a sale of its cybersecurity division & Microsoft is set to launch a new version of Teams in late March designed to significantly improve its system resource usage.

Hospitals are facing a major cut in Medicare payments used to treat patients diagnosed with COVID-19 & Microsoft researchers recently announced VALL-E, a new text- to- speech AI model.

Medicare Advantage insurers could face an average 2.3% cut to baseline payments in 2024 & DrFirst acquires the caregiver collaboration tools of Diagnotes.