Industry News Update 4/29/22

    April 2022 | Mike Murphy, Director of Business and Industry Analytics

    Industry Trends

    This week's highlights: Amwell added clinical programs for musculoskeletal care and dermatology, Twitter accepted Elon Musk’s offer to purchase the company, & Navin Haffty & Associates have published their last issue of the Navin Haffty Report.


    Regulatory, Legislative, and Legal News

    • Several states, including California, Massachusetts and Indiana, recently began targeting what they consider to be high hospital prices. 
    • More than 125 hospitals and health systems are suing the HHS regarding the calculation of payments owed under Medicare Part A bills and the disproportionate share hospital payment adjustment.
    • National Nurses United is urging the Federal Trade Commission and U.S. Justice Department to strengthen regulations and anticompetitive guidelines for healthcare mergers and acquisitions. 
    • The HHS, in partnership with the White House, announced a call to action for healthcare stakeholders to commit to tackling the climate crisis through a new initiative that aims to reduce emissions across the healthcare sector, inviting organizations to submit pledges to reduce greenhouse gas emissions.

    Financial and Investment News

    • Harvard Pilgrim Health Care is ceasing operations in Connecticut after this year, according to the Hartford Business Journal.  Coverage for over 12,000 members will continue until their contracts end, but Harvard Pilgrim will no longer quote and sell new commercial policies.
    • Tech-enabled primary and urgent care company Carbon Health acquires MedPost Urgent Care’s clinics in California. It now operates 120 clinics nationwide.
    • Twitter accepted Elon Musk’s offer to purchase the company for $44 billion, the company announced.


    New Products and Services

    • Amwell added clinical programs for musculoskeletal care and dermatology, the telehealth platform announced this week. Health plans can brand or use the two new programs as part of their digital offerings, according to Amwell.
    • Two of the largest health information exchange organizations in New York State, Healthix and Hixny, are offering a SMART on FHIR app called Concise that provides a patient record snapshot that quickly delivers data within the provider’s EHR workflow.
    • Products made by enterprise software development solutions provider WSO2 are affected by a critical vulnerability that has been exploited in the wild.

    Privacy and Security

    • The HHS Cybersecurity Program issued an alert April 19th to healthcare providers warning them to defend against the "exceptionally aggressive" Hive ransomware group.
    • The U.S. Cybersecurity and Infrastructure Security Agency (CISA) says a recently patched Windows Print Spooler vulnerability has been exploited in attacks to escalate privileges, without any user interaction.
    • Google is introducing new options to reject tracking cookies in Europe after its existing dialog boxes were found to be in violation of EU data laws. To remedy this, Google’s new cookie banners give clear, balanced choices: “reject all,” “accept all,” or “more options” (to exercise more granular control).

    Other News

    • A $3,419.60 bill for a 1.8-mile ambulance ride went viral after a woman posted a photo of the bill for her father on Reddit this week. She said she's not paying the bill since her father had VA insurance.
    • The chip shortage is so bad, companies are ripping them out of washing machines to repurpose them.
    • Navin Haffty & Associates has published the last issue of their Navin Haffty Report.

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