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TTA’s Christmas Runup #1: Boss Lady Holmes takes the Theranos trial stand, Athenahealth sold, CVS-Microsoft partner again, VA restarts Cerner, Owlet’s Owww! with FDA

    Weekly Update   Editor’s Note: We’re looking for contributors–if interested, email Editor Donna Holmes testifies about Her Boss Lady Life At Theranos, staying on strategy with deflection, blaming others, and a soupçon of diminished capacity. Athenahealth sold to new investors, VA reorganizes to restart their Cerner implementation, CVS and Microsoft do another deal. A POV on patient engagement. And disappointingly, Owlet’s baby monitor sock runs afoul of the FDA. Owlet sock pulled from US distribution after FDA warning letter (Owww! A setback for a high flyer) News and deal roundup: Best Buy’s $400M for Current, VA’s Cerner restart... Continue Reading

News and deal roundup: Best Buy’s $400M for Current, VA’s Cerner restart 2022, CVS-Microsoft product deal, and Athenahealth (finally) sold for $17B

Whew! Best Buy revealed on its quarterly earnings call that they paid $400 million for Edinburgh/Boston-based RPM developer Current Health [TTA 13 Oct]. It’s near the end of the call transcript published on the Motley Fool. There will be no impact on their financial performance this year and will have a slightly negative impact on the Q4 non-GAAP operating income. Hat tip to HISTalk. Also today in HISTalk is a nifty summary of the Department of Veterans Affairs (VA) Cerner implementation timing and restaffing. There’s a graphic on the 2022-23 (FY 2022-24) rollout plus the new organization. VA has appointed... Continue Reading

Theranos, The Trial of Elizabeth Holmes, ch. 12: all bucks stop with the CEO (updated)

...$200 million, and then a cascade of funds following them. All of whom should have known better, admittedly. In 2015, Holmes went directly to one of her investors, Rupert Murdoch, CEO of News Corporation and owner of the Wall Street Journal, to have John Carreyrou’s investigative reports killed. To Murdoch’s great credit, not only did the stories run, but also Carreyrou was legally defended against the mad-dog attorneys of Boies Schiller snapping at his heels. Boies Schiller also harassed and tracked former employees-turned-whistleblowers Erika Cheung and Tyler Shultz. Holmes also approved hiring the killer ‘oppo’ research of Fusion GPS. The... Continue Reading

Perspectives: How enhanced digital communications can improve patient engagement

...from smartphones or tablets, improves patient engagement levels, and directly contributes to their overall health and outcomes. So, what should a healthcare provider look for in a modern cloud communication and customer engagement solution? Here are four vital components for starters: A unified communications platform A unified communications and patient engagement platform in the cloud provides seamless connections across modes of communication (voice, messaging, chatbots, online meetings, and video), as well as devices (desktop, mobile, and tablet devices). Because it’s all integrated, patients get to use their communication channel of choice over their device of choice, and providers get the... Continue Reading

TTA’s Turkey Trot: Theranos threads close, Holmes up; Amazon’s Hilton win; Access Group acquires Alcuris; three fundings; Teladoc’s and CVS’ questionable strategies

...Northwell’s $100M for AI–and miss industry shows yet? (Your Editor does!) Theranos, The Trial of Elizabeth Holmes, ch. 5: how to easily fool rich people and their investment offices (‘The Grifters’, the Palo Alto remake) Google joins the behavioral health wars, adds new senior executive from Headspace (Accompanied by self-important flapping about) Doro AB splitting in two, Doro Care changing name to Careium (Must be a trend…Facebook just became Meta-whatever) Serious swerving indeed: 23andMe buys Lemonaid Health for $400 million (Lemony23?) PERS/RPM catchup: VRI bought by ModivCare for $315M; Connect America buys AI-powered RPM 100Plus, opens new SC center (There’s... Continue Reading

Short takes: Athenahealth close to sold, Teladoc wants More of the Patient, CVS fewer store customers

...The company says it has evolved from fee-for-service video visits and will become a partner with its customers in offering whole-person care at under value- and risk-based arrangements. It says it will be “the first place consumers turn to for all healthcare needs” for “whole-person care that is personalized, convenient, and connected.” TDOC shares dropped 8% on the day and have shed 25% in the past 12 months, with the company’s market value being $20 billion versus the $18.5 billion in cash it paid to acquire Livongo in late October 2020. As we’ve previously noted, Teladoc has never made a... Continue Reading

Theranos, The Trial of Elizabeth Holmes, ch. 8: choosing investors with more money than sense a winning strategy

The prosecution continues to pile up defrauded investors–but this one may backfire on them. Alan Eisenman invested about $1.2 million in Theranos in 2006 on behalf of himself and his family–after a five-minute phone call with Elizabeth Holmes. As an early investor, he also believed he was entitled to special treatment, such as direct talks with Holmes, frequent enough to the point where she offered to buy out his shares for five times their value and cut off contact. Later, he had other opportunities to sell his shares up to nearly 20 times their purchase price, but held on stating... Continue Reading

Short takes: Now J&J splits up, a Color(ful) $100M, Cue Health goes DTC, Amwell’s busy Q3, Teladoc’s Investor Day 19 Nov

...direct to consumer market with a virtual health platform featuring their COVID-19 test (on FDA EUA, CE marked) starting on 15 November. It’s expanding ‘on cue’ with a membership offering, Cue+, with 24/7 online medical consults, e-prescriptions, what they term CDC-compliant test results for travel through in-app video proctoring, and same-day delivery of their products. Membership starts at $49.99 per month for the lowest level plan, escalating to $89.99/month for supervised COVID-19 testing. To make this work requires a Cue Reader that costs $249 along with testing packs priced at $225 for three. Cue also has in development testing for... Continue Reading

Theranos, The Trial of Elizabeth Holmes, ch. 5: how to easily fool rich people and their investment offices

...by ten major pharmaceutical companies, including Pfizer (in last week’s testimony, revealing that their validation was forged) The RDV Corp. group was told multiple times that Theranos would offer hundreds of tests via finger stick with the analyzer at 50% of the cost The DeVos investors supposedly never knew that third-party analyzers were doing all the testing. Both the pharma company validation and testing were critical in the underwriting agreement, Peterson said. Holmes told Peterson the analyzers were being used in military helicopters (false) and that the company did not buy third-party analyzers (false, again). Prior to the investment, three... Continue Reading

Serious swerving indeed: 23andMe buys Lemonaid Health for $400 million

...and plans that are specific to you.” Meanwhile, Lemonaid, widely advertised online and on TV with quick telehealth consults, brings in the cash. The transaction was announced at $400 million in a cash and stock deal, with 25% of the total deal value in cash and the rest in shares. Paul Johnson, CEO and co-founder of Lemonaid Health, will become the General Manager of the 23andMe consumer business and will continue to run Lemonaid Health. Ian Van Every, Managing Director, UK and also a co-founder, will manage and grow UK operations. According to Crunchbase, total investment in Lemonaid was a... Continue Reading