Industry News Update 5/13/22

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

    Industry Trends

    This week's highlights: Epic Systems is working to make COVID-19 antiviral treatments easier for patients and providers to locate through its EHR & Microsoft announced the launch of a new managed service category called Microsoft Security Experts.


    Regulatory, Legislative, and Legal News

    • The Connected Health Initiative, a coalition of industry stakeholders, stressed the importance of seamless information exchange throughout the care continuum in a letter to National Coordinator Micky Tripathi, urging the ONC to prioritize data generated by patients.
    • A Florida pension fund is suing Musk and Twitter, arguing that the deal can't legally close until 2025 due to the billionaire's stake in the platform.

    Financial and Investment News

    • A group of nearly two dozen investors including Sequoia Capital, Andreessen Horowitz, crypto exchange Binance, Oracle co-founder Larry Ellison and asset management firm Fidelity has invested over $7.1 billion to back Elon Musk’s $44 billion bid to acquire Twitter.
    • After numerous months of struggling financially, U.S. hospitals and physician groups were starting to turn things around in March, according to two new reports from the Kaufman Hall consulting firm.
    • Pfizer has agreed to acquire the migraine treatment maker Biohaven Pharmaceuticals for $11.6 billion, the drugmaker said this week.

    New Products and Services

    • Epic Systems is working to make COVID-19 antiviral treatments easier for patients and providers to locate through its EHR. It will give providers the ability to search which pharmacies have received COVID-19 treatments from HHS and a recent stock report regarding the number of COVID-19 treatments available. Prior to sending a prescription for a COVID-19 treatment, Epic providers will be notified if prescriptions are unavailable at the pharmacy.
    • Microsoft’s new Outlook email client for Windows, the so-called “One Outlook” project the company has been working on for some time, appears to be almost ready for prime time.
    • Microsoft announced the launch of a new managed service category called Microsoft Security Experts. The service provides organizations with support from external security experts who can conduct tasks like threat hunting and managed detection and response.

    Privacy and Security

    • Cisco announced patches to address severe vulnerabilities in Enterprise Network Function Virtualization Infrastructure Software (NFVIS), including a critical bug that allows attackers to escape from a guest virtual machine.
    • Researchers at endpoint security firm SentinelOne have recently discovered two potentially serious vulnerabilities in antivirus products from Avast and AVG.
    • In a rare show of alliance, Apple, Google and Microsoft have joined forces to expand support for passwordless logins across mobile, desktop and browsers based on a standard from the FIDO Alliance and the World Wide Web Consortium.
    • The U.S. government is offering $15 million bounty for information leading to the identification and/or location of the leaders of the Conti ransomware gang.

    Other News

    • MEDITECH recaps its virtual Home Care Symposium, which brought 275 attendees together to network and collaborate on strategies for the future.
    • More than 100,000 nurses left the workforce in 2021, according to an analysis published last month in Health Affairs. Now a nurse's criminal conviction for a medical error has the profession worried about how that number might swell. Some safety and medical organizations have warned the verdict could have broader repercussions on healthcare recruitment efforts.
    • MEDITECH is hosting the Healthcare and IT Marketing conference at their Foxborough site this week.
    • The Leapfrog Group gave 17 hospitals failing grades in its spring 2022 Hospital Safety Grades list, released this week. Twenty-two hospitals have achieved 21 consecutive "A" grades since the launch of the list in 2012. Grades are based on a methodology with more than 30 national performance measures.

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