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Industry News Update 11/8/19

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 CMS on Friday finalized rules that modify how physicians get paid for evaluation and management services and changes how the agency determines the financial rewards that doctors receive for improving healthcare quality and lowering costs.

The CMS delayed a requirement that Medicare-accepting hospitals share their secretly negotiated insurance rates in machine-readable format and online.

Georgia's governor announced a plan Monday to extend Medicaid to about 50,000 poor adults with the condition that they work, job train, volunteer or pursue education for at least 80 hours a month.

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.

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Financial

and

Investment News

 

Hospitals saw profitability improve in September 2019 compared to the same period last year, with expenses trending down, according to a report from consulting firm Kaufman Hall.

Fitness device maker Fitbit is being acquired by Google for $2.1 billion, allowing Google to expand into the market for fitness trackers and smart watches and compete more effectively with Apple. 

Reuters reports that Walgreens is talking to some of the world’s largest private equity firms about taking the company private in a leveraged buyout.

• 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.

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New Products

and

Services

 

 

Google Cloud has announced a collaboration with Suki, an artificial intelligence powered, voice-enabled digital assistant, to offer its voice technology to address physician burnout.

Cornerstone Advisors, the healthcare division of 8K Miles, announced a new AWS hosted cloud disaster recovery (DR) solution for healthcare organizations who use the MEDITECH electronic health record.

Beckman Coulter Diagnostics will use a $2.5 million grant from the HHS to develop and commercialize a sepsis-detection algorithm for hospitals.

Google Health VP David Feinberg says the company hopes to develop a search bar that will assist doctors to pull relevant content from their EHRs, and improve healthcare search results for consumers.

A new remote patient monitoring program is being introduced by Validic and Trapollo that will be compatible with hundreds of home devices, expected to improve patient convenience.

businessman hand pointing to padlock on touch screen computer as Internet security online business concept

 

Privacy

and

Security

 

• Identity deception attacks continue to grow, but the type of attack seems to be changing. The latest report warns there is a new identity deception threat, called vendor email compromise (VEC), in which fraudsters use hijacked employee email accounts to target not just one company, but entire supply chain ecosystems.

A Florida detective was granted a warrant to access the genetic information of nearly one million people held by consumer DNA site GEDmatch, even if users had opted out of appearing in police search results.

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Other

Industry

News

 

 

CHIME and Digital Health Canada announced November 5th that they have launched an international chapter in Canada.

• Healthcare leaders said that they are confronting a level of disruption to delivering care and running their businesses that they have never seen in their careers as a result of the California wildfires and Pacific Gas and Electric Co.’s planned blackouts.

report was published by Voicebot.ai on consumer adoption of voice assistants in healthcare. While only one in 13 U.S. consumers have used voice assistants such as Amazon Alexa or Google Assistant for healthcare, one in two would like to use voice assistants for healthcare use cases in the future.

A double-sided tape designed to stick body tissue together after surgery was inspired by the way spiders exude "glue" to catch their prey in the rain.

Kyruus announced findings from its third annual survey of 1,000 healthcare consumers focused on their decision-making processes and preferences when it comes to determining where and from whom to obtain care.

Popular Science profiles the progress Facebook and the NYU School of Medicine’s Department of Radiology are making with their FastMRI project. 

MEDITECH publishes a new case study, “Summit Pacific Increases Reimbursement, Clinic Volumes with Meditech Analytics.”

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