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Industry News Update 11/15/19

November 2019 | Mike Murphy

Industry News

Learn About the Latest in Healthcare and Healthcare IT by Reading this Week's Industry News Update

Click on the links below to read the full news articles.


 

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Regulatory, Legislative,

and

Legal News

 

The FDA has provided a Breakthrough Device Designation for AI Medical Service's' machine learning algorithm that has the ability to analyze endoscopy images for potential diagnosis of gastric cancer.

The CMS might not have the legal authority it needs to force hospitals to reveal the prices they negotiate with insurers, a shortcoming that could eventually sink the administration's push for price transparency.

The CMS proposed a new rule that would increase transparency for Medicaid state supplemental payments and financing arrangements to help hold states more accountable for Medicaid spending.

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Financial

and

Investment News

 

Fourteen of the country's largest hospital systems pledged to invest more than $700 million toward community-based initiatives aimed at addressing the economic and environmental drivers behind a widening disparity in health outcomes.

Scanwell Health, maker of a smartphone-based platform for home urinary tract infection screening, has raised $3.5 million in seed funding and announced a new partnership with telehealth service Lemonaid Health that will bring its UTI platform to patients in all 50 states.

Walgreens shares rise on the news that New York City-based private equity firm KKR has submitted a formal proposal to take the company private.

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New Products

and

Services

 

 

Kidney care company Cricket Health develops a predictive model using administrative data that can help payers and providers identify patients at risk for chronic kidney disease without the need for data from an EHR.

Collective Medical releases Flags, which allows health plans and ACOs to share member population information with point-of-care teams, with a use case example of patients who are concurrently taking opioids, benzodiazepines, and muscle relaxants.

Salesforce announced a new tool called Salesforce Content Management System, which it says is designed from the ground up to deliver a quality customer experience across multiple channels.

Innovaccer integrates its InCare care coordination software with Microsoft Teams.

The AHRQ has released three new preventive health clinical decision support (CDS) resources that can be implemented in a patient-facing platform, such as a patient portal or health and wellness app.

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Privacy

and

Security

 

The Department of Homeland Security (DHS) warns critical vulnerabilities impacting Medtronic Valleylab products could allow attackers to overwrite files and achieve remote code execution.

Slate magazine runs an excerpt from a new cybersecurity book that describes the NotPetya malware, which caused $10 billion in damage in 2017, including $870 million at drug maker Merck alone.

Apple published four new papers Wednesday outlining technical details of how some of the privacy features in its most recent operating systems work.

Cyber-security company Trend Micro said the personal data of thousands of its customers has been exposed by a rogue member of its staff who sold information from its customer-support database to a third party.

Smartphone with finance and market icons and symbols concept

 

Other

Industry

News

 

 

A new KLAS report says that the patient engagement ecosystem is a complex and overwhelming area of health IT that spans 80 capabilities and “a slew of vendors claiming to offer them.”

A Black Book survey of hospital security professionals finds that nearly all respondents think that their security efforts are falling short and budget constraints are limiting their ability to protect their systems, leading Black Book to conclude that things will get worse in 2020. 

KLAS and CHIME review the use of AI in healthcare, providing a working definition and a look at six vendors, only one of which (Jvion) has enough customer responses to earn a full rating and even it earns only mediocre customer satisfaction.

Just one in 10 discharged patients go online to access their medical information, according to a study that looked at data from 2,410 hospitals over a two-year period.

The number of healthcare organizations served by DirectTrust health information service providers and engaged in Direct exchange was up nearly 75% in the third quarter to 232,000.

On Thursday, Leapfrog Group released its biannual patient safety grades for 2,600 general acute care hospitals in the U.S. reviewing rates of preventable errors, accidents, injuries and infections.

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