A TON of news this week breaking before the US Memorial Day and UK’s bank holiday. Boots up for sale breaking up Alliance. Oracle Health will be struggling for the next two years. Cue Health sinking. Legrand is acquiring Enovation, Samsung Sonio ultrasound, and LG jumps into home health. And big VC Venrock issues its predictions for the health tech year. Short takes 2: Humana’s CEO changeover; Owlet Dream Sock CE Mark, UK approval; TytoCare goes to school; LG enters home health with Primefocus; Samsung $92M buys Sonio (FR); raises by Blackwell in health cybersec, Watershed Health News... Continue Reading
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News roundup: GE Healthcare warns on ultrasound vulnerabilities, Geisinger leverages Best Buy/Geek Squad for RPM, telehealth aids NYC shelter homeless, Fay raises $25M, ClearDATA’s AWS distinction, Validic’s MedTech award
GE Healthcare warns hospitals and clinics on cybersecurity vulnerabilities in ultrasound devices. On their Product Security Portal, GE Healthcare issued three Coordinated Security Vulnerability Disclosures affecting: a software application implementation called kiosk mode vulnerable to local breakouts the Common Service Desktop (CSD) component vulnerable to command injection and path traversal EchoPAC Software Only (SWO), EchoPAC TurnKey, and ImageVault products, vulnerable to unencrypted communication, unencrypted database and hardcoded, unencrypted credentials These primarily affect the Vivid line of ultrasound devices. Cybersec firm Nozomi Networks Labs found vulnerabilities in the system that could be exploited to gain administrative privileges and recommended that ultrasound... Continue Reading
Short takes: Legrand acquires Enovation, FDA nixes Cue Health’s Covid tests, Ascension confirms ransomware attack–who did it? (updated), beware of ‘vishing’ courtesy of ChatGPT
...manual systems, overall there are delays in admissions–bring documentation. And the class-action suits have started, with reports that three have been filed already. Healthcare IT News Who dunnit? DataBreaches.net reported over the weekend that Ascension’s hack has been attributed to interestingly named ransomwareistes Black Basta. Late last week, the US Cybersecurity and Infrastructure Security Agency (CISA) issued an alert on Black Basta. It’s another charming ransomware-as-a-service (RaaS) with bad news affiliates like BlackCat/ALPHV wreaking havoc on over 500 organizations globally. No word on whether Ascension has paid ransom. Speaking of cybersecurity, now something else to worry about–‘vishing’. This is ‘voice... Continue Reading
Is Oracle Health’s Big Vision smacking into the wall of Healthcare Reality? Their business says so.
...sources indicated that sales reached $5.9 billion in 2023, but are projected to slip to $5.6 billion both in 2024 and 2025. In 2023, 12 accounts did not renew and announced they would replace Cerner with Epic. These are major names such as Northwell Health and Boston Children’s Hospital. In 2022, clients with a combined capacity of 4,658 patients were lost, according to KLAS Research. This is despite the fact that EHRs are not moved lightly. The average commitment is 15 years or more since the ramp-up is taxing and costs are astronomical. Common complaints cited by KLAS center around... Continue Reading
Separation or sale? WBA putting Boots out for bids; Walgreens pharmacists end month-long HQ protest.
Boots to be ‘booted’ from WBA? Bloomberg and other sources on Monday reported that WBA is now once again searching for buyers for the UK-based Boots pharmacy chain. Earlier reports from end of 2023 into Q1 [TTA 5 March] that it was up for sale were later denied. WBA is at a preliminary stage in working with advisers to seek out some buyers. The price will be steep. Boots’ estimated value is £7 billion (about $8.78 billion). One rumored possibility other than a sale is a UK IPO. The news sent WBA shares up by 5% during Monday trading to... Continue Reading
TTA’s May Flowers 2: ‘Not for sale’ Transcarent’s $2.2B valuation, good earnings from NeueHealth and Oscar (!!), Amwell’s hopes, cyberattacks at Ascension and DocGo, telehealth extensions in House, more!
...See jobs listed with our new job search partner Jooble in the right sidebar! Read Telehealth and Telecare Aware: https://telecareaware.com/ @telecareaware Follow our pages on LinkedIn and on Facebook We thank our advertisers and supporters: Legrand, UK Telehealthcare, ATA, The King’s Fund, DHACA, HIMSS, MedStartr, and Parks Associates. Reach international leaders in health tech by advertising your company or event/conference in TTA–contact Donna for more information on how we help and who we reach. Telehealth & Telecare Aware: covering the news on latest developments in telecare, telehealth, telemedicine, and health tech, worldwide–thoughtfully and from the view of fellow professionals Thanks... Continue Reading
Short takes: Medicare telehealth flexibilities may extend; ‘no interest’ in Transcarent sale; NeueHealth ekes out positive net income; Cigna and Oscar break up; DocGo, Ascension cyberattacked (updated)
...selling the company. Transcarent is already run “like a public company”, has a strong leadership team already in place, and “we’ll make any exit decisions for the right reasons.” Mr. Tullman has already run four public companies and IPO’d three: CCC Information Systems (in auto insurance), Livongo, Allscripts (now Veradigm), and Enterprise Systems. Livongo was sold to Teladoc in 2020, with consequences. Veradigm, the former Allscripts, went public in 1999–25 years ago in a vastly different world. Their big bet in enterprise health navigation is now on AI for both physicians and members. Back to the New Reality, Bizarro World... Continue Reading
News roundup: Transcarent raises $126M; 98point6 lays off; Oscar notches first profit; Steward Health’s Ch. 11; Amazon Clinic GM leaves; Amwell’s down but hopeful Q1; Hims founder gets political
...IPO’d for high valuations. These deals make his followers money, but often not the buyers (ask Teladoc) or the employees left in the lurch. This Editor does wonder, given the state of US business right now, how this competitive enterprise care management niche earns this kind of investment and valuation. Release, Mobihealthnews One of Transcarent’s buys last year was 98point6’s virtual care and related assets that included 98point6’s physician group, self-insured employer business, and an irrevocable software license in a deal worth potentially $100 million according to publicity. 98point6 then had a well publicized and $32 million-financed pivot to being... Continue Reading
TTA’s May Flowers: Walmart Health and Optum telehealth exits, UHG CEO’s Congressional roast, Teladoc’s red ink, Oracle’s Music City HQ move, MobileHelp PERS for sale, fundings, more!
...reach. Telehealth & Telecare Aware: covering the news on latest developments in telecare, telehealth, telemedicine, and health tech, worldwide–thoughtfully and from the view of fellow professionals Thanks for asking for update emails. Please tell your colleagues about this news service and, if you have relevant information to share with the rest of the world, please let me know. Donna Cusano, Editor In Chief donna.cusano@telecareaware.com – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – –... Continue Reading
News roundup: UHG CEO’s Bad Day at Capitol Hill; Kaiser’s 13.4M data breach; Walgreens’ stock beatup; Cigna writes off VillageMD; Oracle Cerner shrinks 50%; Owlet BabySat gets Wheel; fundings for Midi, Trovo, Alaffia, Klineo
It was a Bad Day at Boot (Capitol) Hill for UnitedHealth Group’s CEO Andrew Witty. On May Day, he was the Man In The Arena facing two Congressional grillings–the first from the Senate Finance Committee in the morning, and the second in the afternoon from the House Energy and Commerce Committee’s Subcommittee on Oversight and Investigations. The precipitating event was the Optum/Change Healthcare data breach and system hacking by ALPHV/BlackCat, a disruption which is as of today not fully resolved. Millions of patients may have had data stolen and exposed–a number that has yet to be determined, but an outcome... Continue Reading
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