fai-forward-focus-logo-1

Industry News Update 8/9/19

August 2019 | Mike Murphy

Industry News

Learn About the Latest in Healthcare and Healthcare IT by Reading this Week's Industry News Update

Click on the links below to read the full news articles.


 

Hand about to bang gavel on sounding block in the court room

 

Regulatory, Legislative,

and

Legal News

 

• The American Medical Association is giving high marks to a proposal by the Centers for Medicare and Medicaid Services to reduce the burden of Evaluation and Management codes on physicians.

• Hospitals have until August 16th to review their scores for fiscal year 2020 under CMS' Hospital-Acquired Condition Reduction Program, according to AHA News.

HHS Secretary Alex Azar announced the Trump administration will set up a system allowing Americans to legally access lower-cost prescription drugs from Canada with oversight by the FDA.

A federal appeals court in the District of Columbia revived the challenge by a trade group of clinical laboratories to billions of dollars in lost Medicare revenue.

Starting October 1st, rural hospitals across the U.S. will get the wage index boost they have long begged for, the CMS said in its final rule on inpatient prospective hospital payments for fiscal 2020.

The country's 20 largest health systems spent virtually the same amount of money on charity care between 2015 and 2016 following years of decline.

Businessman pressing business type of modern buttons with virtual background

 

Financial

and

Investment News

 

The amount of deals and dollars invested in healthcare is hitting near record highs for the first half of 2019 with $26.9 billion poured into healthcare companies over 2,258 deals around the world, according to CB Insights’ Global Healthcare Report.

Chicago-based metaMe Health, a startup focused on behavioral digital treatments for gastrointestinal conditions, has raised $3.8 million in seed funding in a round led by LionBird Ventures.

Health IT saw four IPOs from late June to late July, including Livongo, Health Catalyst, Phreesia, and Change Healthcare.

Close up image of human hand holding electrical bulb in darkness-1

 

New Products

and

Services

 

 

• Uber Health signed a deal with medical supply company Henry Schein Medical and Medpod, maker of the medical microcart MobileDoc 2.

International Business Machines Corp announced a new blockchain network on Monday aimed at improving manual and cumbersome supply chain management called Trust Your Supplier.

Microsoft Azure’s now has a new service that allows users to use virtual machines to run a single-tenant physical server. With this new feature, people can now use the cloud storage of Azure to run a private server with a new feature called the Azure Dedicated Host.

The Electronic Healthcare Network Accreditation Commission is launching a new consulting and advisory arm to help healthcare organizations better manage their data and maintain regulatory compliance.

businessman hand pointing to padlock on touch screen computer as Internet security online business concept

 

Privacy

and

Security

 

• Security firm ExtraHop warns that an unnamed medical device management product – intended to protect privacy over hospital WiFi – was actually phoning home to its vendor in connecting to its cloud storage system, which the security firm says is a strict HIPAA violation. 

Protenus reports that 31,611,235 patient records have been breached in the first six months of 2019, more than double the number reported for all of the previous year.

Medical Device Village opened as part of the Bio Hacking Village of the DefCon cybersecurity conference, expanding from the tableful of medical devices offered in past conferences to a 2,600-square-foot, mocked-up hospital’s radiology, pharmacy lab, and ICU departments full of devices for hackers to attack.

Fortified Health Security releases its midyear healthcare cybersecurity report.

Smartphone with finance and market icons and symbols concept

 

Other

Industry

News

 

 

• A JAMA editorial highlights the fine line pediatricians must walk when engaging in portal messaging with parents.

DeepMind announces its AI software can detect acute kidney disease up to 48 hours before physicians recognize its symptoms.

The majority of healthcare providers are lagging in their digital health readiness, according to a new HIMSS report. The biggest barriers mentioned were integrating legacy systems with new digital/mobile technologies, clinician resistance to modifying workflows, finding skilled IT staff to deploy and maintain new technologies, and privacy and security concerns.

Healthcare chatbots can address some of the most pressing challenges for healthcare providers today but the benefits come with some downsides, such as cannibalizing revenue for providers.

 

Share this Post

EXPLORE MORE


Subscribe to Our Blog

Stay up-to-date with the latest News and Updates, Customer Stories, Industry News and Leadership.

I want the latest in...