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    Industry News Update 6/25/21

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

    Industry Trends

    This week's highlights: The HHS and the ONC establish an $80 million program to strengthen U.S. public health informatics, STD cases are rising in the country, and  a new Cloud Security Alliance paper provides telehealth risk management guidance.


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    Regulatory, Legislative,
    and
    Legal News

     

    • The Supreme Court on Thursday upheld ObamaCare against the latest Republican challenge, preserving the landmark law and its key protections for millions of people with preexisting health conditions.

    • The HHS and the ONC have established an $80 million program to strengthen U.S. public health informatics and data science by diversifying the health IT workforce.

    • Thirty-six telehealth programs across the country will get federal funding through the FCC’s Connected Care Pilot Program. The agency approved new guidelines for the $100 million program during its Thursday meeting last week, then announced the second round of approved applications. The 36 new projects will account for $31 million in funding, and join 23 projects and $26 million approved in January.

    • New legislation will require general hospitals in New York to establish clinical staffing committees composed of registered nurses, licensed practical nurses, ancillary staff members and hospital administrators, Governor Andrew Cuomo said in a news release. The legislation, signed by the governor June 18th, will also require the committees to develop clinical staffing plans.

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    Financial
    and
    Investment News

     

    Physician network operator Doximity files documents for an IPO that will value the company at $4 billion. The company had $207 million in revenue in its most recent year, with $50 million in net income.

    Transmit Security, a Boston-based startup on a mission to rid the world of passwords, has raised $543 million in Series A funding.

    Cleerly, which applies AI to coronary imaging to predict heart attacks, launches itself with a $43 million Series B funding round.

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    New Products
    and
    Services

     

    DarioHealth, a digital chronic condition management company, announced the launch of the Upright GO S, a wearable posture-correcting sensor from Upright by Dario.

    Walmart offers pharmacy customers who receive the COVID-19 vaccine the ability to digitally store their vaccine records via their Walmart.com accounts using technology based on the Vaccination Credential Initiative’s Smart Health Cards standard.

    Microsoft has launched a new version of its Whiteboard app for Microsoft 365, with features designed to help people collaborate better whether they're working from the office or home. It also updated its Teams, Fluid Components and Viva apps to make them work better both for hybrid remote and office-based workplaces.

    Evio, a new independent pharmacy solutions startup, will work to improve medication affordability and patients' clinical outcomes and medication experiences.  Five Blue Cross Blue Shield plans have stepped forward, and each is providing significant funding to support the launch of this new venture.

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    Privacy
    and
    Security

     

    Mobile health applications have "serious problems" with privacy, according to a new analysis of more than 20,000 health-related mobile apps published Wednesday in the BMJ.

    Leveraging Microsoft Exchange’s Basic Authentication support, scammers are able to use harvested online credentials and bypass any MFA in place, giving them access to mailboxes. It begins with a simple phishing campaign touting a file the recipient must read pointing to a malicious link that takes victims to a lookalike Office 365 logon page. The hackers then take stolen credentials and attempt to log into the victims Office 365 account. If they encounter Microsoft’s Multi-Factor Authentication, they check in with the Microsoft user agent “BAV2ROPC” which allows Exchange’s Basic Authentication (normally used in POP3/IMAP4 conditions) and results in an OAuth flow that bypasses MFA.

    A new Cloud Security Alliance paper provides telehealth risk management guidance along with best practices for cybersecurity and HIPAA compliance.

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    Other
    Industry
    News

     

     

    STD cases are rising in the country.  In 2019 alone, there were more than 2.5 million cases of chlamydia, gonorrhea and syphilis reported, according to the Centers for Disease Control and Prevention. This marks the sixth consecutive year of record-breaking cases of sexually transmitted diseases in the U.S.

    Imprivata has been recognized as a 2021 Fortress Cyber Security Award winner in the Authentication & Identity category for its work providing digital identity solutions that secure and simplify workflows across the entire healthcare delivery ecosystem.

    Navin, Haffty & Associates has published its June newsletter, continuing a spotlight on analytics and BCA use cases, describing Tegria Canada’s growth plans, highlighting their Macro-SimulationTM methodology and asking their readers to participate in a brief survey on cybersecurity planning

    KHN notes that big U.S. health systems are opening medical facilities in other countries, such as Cleveland Clinic spending $1 billion to open a clinic across the street from London’s Buckingham Palace Garden that will offer only profitable elective surgeries and treatments.

     

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