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    Industry News Update 8/27/21

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

    Industry Trends

    This week's highlights: Healthcare Triangle announces a ready-to-deploy healthcare block chain network called Blockedge, Google is dissolving its health division as its chief, David Feinberg, MD, departs for Cerner, & HCA plans to sell PatientKeeper. 


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    Regulatory, Legislative,
    and
    Legal News

    • For the CMS, the future of value-based care rests on reducing the number of CMS payment models and increasing the focus on health equity. The CMS plans to prioritize coordinated, team-based care, outcome measurements that matter to patients and holding providers more accountable.

    • The EPA has decided to ban the use of chlorpyrifos, a pesticide that has been linked to developmental issues in children, from use on foods.

    • WEDI asks the HHS to issue expedited guidance on how providers can submit a good faith estimate of their charges to health plans under the No Surprises Act.

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    Financial
    and
    Investment News

     

     

    HCA plans to sell PatientKeeper, which makes physician workflow software, to health IT startup Commure. The hospital chain will get a minority stake in the combined company and plans to close the deal at the end of the month.

    Healthcare workforce management software vendor QGenda acquires CredentialGenie, which offers cloud-based provider credentialing.

    Soda Health, a new digital health company aiming to reduce health inequalities by creating a technology framework that allows health plans to reimburse for goods and services not supported by traditional medical claims, launched this week with $6 million in seed funding.

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    New Products
    and
    Services

     

     

    Healthcare Triangle announces a ready-to-deploy healthcare block chain network called Blockedge, which can operate on any public cloud.

    Geisinger unveiled a customizable approach to medical billing last week that uses artificial intelligence (AI) and allows patients to choose zero-interest payment plans that can be paid off over whatever timeframe they choose. The organization announced a partnership with FinTech startup PayZen for the AI-supported financing plan that generates customized billing offerings.

    Several sources revealed that Amazon is planning to open physical stores that would operate in a warehouse type format in the United States. it is expected that the first locations of these stores will be in Ohio and California.

    Clear Arch Health develops EHR integration capabilities for its remote patient monitoring software.

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    Privacy
    and
    Security

     

    A flaw in QNX software made by BlackBerry has left two hundred million cars, along with critical hospital and factory equipment, vulnerable to hackers and the company opted to keep it secret for months.

    The U.S. Cybersecurity and Infrastructure Security Agency (CISA) issued an alert to warn of malicious actors actively exploiting the recently disclosed Microsoft Exchange vulnerabilities named ProxyShell.

    In a newly published fact sheet aimed at both government and private sector organizations, CISA provides information on how to prevent and respond to ransomware-caused data breaches.

    A new NSO zero-click attack evades Apple’s iPhone security protections, according to Citizen Lab.

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    Other
    Industry
    News

     

     

    HLTH and CHIME just opened their call for ViVE presenters, saying that the March conference will gather 5,000 attendees, 450 sponsors, and 300 speakers in Miami Beach. 

    Google is dissolving its health division as its chief, David Feinberg, MD, departs for Cerner, according to an Insider report. It will reassign its 570 employees across the rest of Google.

    MEDITECH published a blog post with observations by Forward Advantage vice president Lee Howard on why identity governance and administration matters in healthcare.

    Navin, Haffty and Associates has published its August newsletter with a recap of the Expanse Summer Showcase, a summary of Steward Health Care’s HIMSS21 presentation on Expanse Implementation, a snapshot of highlights from Canada and updates on new client engagements.

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