Industry News Update 6/18/21

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

    Industry Trends

    This week's highlights: Cleveland Clinic researchers identify a potential link between COVID-19 infection and Alzheimer's-like brain impairment, MEDITECH announces an upcoming integration with IOS 15’s enhancements to Apple Health, and the HHS extends deadlines for medical groups and hospitals to use the Provider Relief Fund.

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    Regulatory, Legislative,
    Legal News

    • Rural hospitals that close inpatient beds and revamp as standalone emergency rooms may receive more funding under a proposal buried in the almost 6,000-page stimulus act signed late last year. Rural hospitals with fewer than 50 beds can apply for the designation, which takes effect in 2023.

    • OSHA released new COVID-19 workplace safety rules for healthcare workers last week, including a requirement that healthcare employers provide workers with paid time off to get vaccinated and to recover from side effects. Other requirements were included in a fact sheet.

    • The CDC's Advisory Committee on Immunization Practices will hold an emergency meeting June 18th to discuss a potential link between heart inflammation and mRNA COVID-19 vaccines in young people. A total of 475 cases of heart inflammation conditions have been reported in people age 30 and younger.

    • On Friday, the HHS extended key deadlines for medical groups and hospitals to use money from the Provider Relief Fund established by the Coronavirus Aid, Relief, and Economic Security Act last year.

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    Investment News


    Nuvolo, a cloud-based workplace communication platform, secured $32 million to improve its cybersecurity technologies. Mayo Clinic is the latest company to join the series C financing round, investing $1 million to support Nuvolo's cybersecurity developments. It will use the funding to advance its Operational Technology cybersecurity solution, designed to protect healthcare organizations from

    Population health management software vendor TCS Healthcare Technologies acquires DataSmart Solutions, which sells predictive risk analytics software.

    Dana-Farber Cancer Institute saw its operating loss grow in the second quarter of fiscal year 2021 when compared to the same quarter last year, according to recently released financial documents. In the quarter ended March 31, the cancer institute saw its revenue year over year grow 4.6 percent to $507.8 million and recorded an operating loss of $16.1 million compared to $14.3 million the prior year.

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    New Products



    State Street Corporation announced that it has launched a new division focused on addressing the industry’s evolving shift to digital finance, called State Street Digital. The new division will build on State Street’s current digital capabilities and will expand to include crypto, central bank digital currency, blockchain, and tokenization.

    Boston Children's Hospital, Google and Ariadne Labs launched a new interactive, data-driven vaccine equity planning tool this week to help officials locate "vaccine deserts," places with limited access to COVID-19 vaccines. 

    MEDITECH announced its upcoming integration with IOS 15’s enhancements to Apple Health.

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    Volkswagen Group of America revealed that approximately 3.3 million people might have been affected in a data breach that impacted both Audi of America and Volkswagen of America.

    Microsoft announced it disrupted a large-scale business email compromise (BEC) campaign in which the attackers used forwarding rules to access messages related to financial transactions.

    Apple shipped an out-of-band iOS update for older iPhones and iPads Monday alongside a warning that a pair of WebKit security vulnerabilities may have been actively exploited.

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    A new study led by Cleveland Clinic researchers identified a potential link between COVID-19 infection and Alzheimer's-like brain impairment. The research, published last week in Alzheimer's Research & Therapy, found close network-based relationships between SARS-CoV-2 and genes/proteins associated with Alzheimer's, as well as several other neurological diseases.

    Wes Wright, CTO of Imprivata, will participate in a panel discussion on “Building Identity Governance into your Post-COVID Security Strategy,” on Tuesday June 15th at 1pm ET.

    SailPoint’s has opened up registration for Navigate 2021, its annual global identity security conference scheduled for August 17th to 18th, which is entirely virtual and free to attend.

    Microsoft announced that it will stop support for Windows 10 on October 14, 2025. The company will reveal the next version of Windows on June 24th.


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