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    Industry News Update 10/22/21

    October 2021 | Mike Murphy, Director of Business and Industry Analytics

    News and Events, Industry Trends

    This week's highlights: The U.S. will reopen its land borders to nonessential travel next month, ending a 19-month freeze due to the COVID-19 pandemic, Several U.S. government agencies issued a joint alert last week to warn organizations in the water and wastewater sector about ongoing cyberattacks, & The Icahn School of Medicine at Mount Sinai in New York City has launched a new department dedicated to advancing artificial intelligence. 


     

    Regulatory, Legislative, and Legal News

    • The U.S. will reopen its land borders to nonessential travel next month, ending a 19-month freeze due to the COVID-19 pandemic, requiring all international visitors to be vaccinated against the coronavirus.
    • The CMS sent 32 hospitals requests for a corrective action plan after they still were not in compliance with the price disclosure rule. Of those 32, six hospitals are now in compliance with the rule after addressing citations outlined in warning letters.
    • Six hospital groups, including the American Hospital Association and Federation of American Hospitals, urged the U.S. Supreme Court to review and rectify a Sixth Circuit Court of Appeals decision they say will increase hospitals' exposure to False Claims Act lawsuits.


     

    Financial and Investment News

    • HubSpot Ventures is launching a new $100 million fund to invest in B2B software startups. The CRM Platform Fund will focus on supporting early- and growth-stage technology companies that share in HubSpot's mission to help millions of organizations grow better.
    • NowRx, which boasts same-day telemedicine and online prescription delivery services, hopes to raise $73 million using SeedInvest’s equity crowdfunding capabilities. The company will have raised over $100 million once the Series C round closes.
    • Walgreens has invested $330 million to acquire a 55% stake in CareCentrix, a firm that works with health plans to coordinate post-acute care services for plan members, expanding the pharmacy chain's reach in the healthcare sector.

     

    New Products and Services

    • HITRUST announced an expanded assessment portfolio to help organizations ensure cyber resilience and assess risk management protocols. The organization also unveiled a new approach to assessments to meet market demands and provide lower-effort assessments for moderate to low-risk scenarios.
    • Since 2011, Noom has made a name for itself as a weight loss app. Last week, with the introduction of a new feature called Noom Mood, it’s expanding into mental wellness.
    • GE Healthcare Partners, in partnership with Oregon-based Apprise Health Insight, launched a first-of-its-kind tool for addressing hospital capacity and critical resource management. The tool, which was developed via a Department of Health and Human Services grant, seeks to alleviate capacity issues stemming from the COVID-19 pandemic by automatically tracking and recording bed availability data.

     

    Privacy and Security

    • Technology giants Intel Corp. and VMware rolled out fixes for security defects that expose users to malicious hacker attacks this week.
    • Several U.S. government agencies issued a joint alert last week to warn organizations in the water and wastewater sector about ongoing cyberattacks.
    • A security researcher finds that FHIR APIs are vulnerable to hacking, noting that a single log-in provided access to 4 million patient and clinician records. Every FHIR app tested gave access to the information of other people. EHR security was strong, but third-party data aggregators and mobile apps were full of security holes.

     

    Other News

    • The NBA will allow its players to self-test for COVID-19 via Cue Health, which provides a smartphone-connected nasal swab reader to provide results in 20 minutes.
    • The Icahn School of Medicine at Mount Sinai in New York City has launched a new department dedicated to advancing artificial intelligence (AI). The Department of Artificial Intelligence and Human Health is the first department of its kind within a medical school in the United States.
    • CHIME names Daniel Barchi, MEM, CIO of New York-Presbyterian Hospital, as its CIO of the Year.

     

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