Search Results for data-security

News roundup: 100+ medical orgs pile on Change/UHG; Teladoc hit with second class-action suit; Congress demands Oracle EHR improvement–or else; Transcarent intros WayFinding; Centivo buys Eden Health

The fallout from the Change cyberhack hangs like smog over UHG. On Monday, the American Medical Association (AMA), along with about 100 other signatories from nationwide medical associations including CHIME and AHIMA, sent a strongly worded letter to Health and Human Services Secretary Xavier Becerra. It requested a clear delineation of responsibilities for breach reporting requirements created by the 21 February Change Healthcare ALPHV/Blackcat ransomware attack. Reporting is required by HHS’ Office of Civil Rights (OCR) under HIPAA. Specifically, the AMA letter requested 1) more public clarity around reporting responsibilities to patients for the data breach and 2) that all... Continue Reading

Must read: Oracle’s ‘deadly gamble’ on Cerner (new with audio file!)

...more. What Ellison thought he was buying in 2021 could be summarized by what he said at Oracle CloudWorld in fall 2023. FTA: What if, instead of guesswork, doctors could lean on generative AI to comb through a patient’s medical records, along with those of millions of other patients? With such a massive database, doctors could spot the warning signs of disease faster, reduce the need for trial and error, and make better-informed decisions about treatment. In other words, pump all that massive data into Oracle’s AI models and watch all that data, now going to waste, transform healthcare. The... Continue Reading

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

...division of Samsung, must await French regulatory approvals, including the French Ministry of the Economy and Finance. Release, MedTech Dive And in latest fundings: Healthcare focused Blackwell Security now has a $13 million Series A, led by co-creators General Catalyst and Rally Ventures. The funding will expand their Managed Healthcare Extended Detection and Response (MHXDR) offering. They are also acquiring their first CEO, Geyer Jones, from cybersecurity/IoT companies Cylera and RSA. Release, Mobihealthnews New Orleans-headquartered Watershed Health completed a $13.6 million venture round funding. This was led by First Trust Capital Partners with participation from FCA Venture Partners, Create Health... Continue Reading

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

...The advantage for dieticians is to build their private practice with Fay’s “business in a box”. Release On the cybersecurity front, ClearDATA has achieved Amazon Web Services (AWS) Level 1 Managed Security Service Provider (MSSP) Competency. This required meeting operational and technical AWS quality standards for managed security services. They are one of only 62 firms to be so designated and the only one in healthcare. ClearDATA is a comprehensive provider of cloud, compliance, and security services and software for providers, payers, biopharma, and healthcare solutions. Release Validic was selected as “Best Remote Patient Monitoring Solution” in the 8th annual... Continue Reading

A ‘healthcare prognosis’–from an investor POV

...by distressed sales, with only 16% believing that there will be good outcomes for sellers. 27% believe M&A will be flat. On the hit list to be acquired: Carbon Health (primary and urgent care, 28%), Omada(virtual chronic care, 24%), Komodo (data mapping) and Accolade (corporate care navigation, both 21%) Unicorns are losing their horns, with 27% believing that 11 to 15 will sink in valuation below $1 billion and 45% 6 to 10. UnitedHealth Group’s antitrust troubles do not seem to trouble these friends, with 42% believing that remedies will be targeted and largely not disruptive to their business. 36%... 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.

...Cerner’s legacy software and the Cerner transition: tracking clinical revenue, tool integration, technical glitches, and uncertainty or worsened service associated with the Oracle takeover.Boston moved to improve data exchange with surrounding hospitals and Northwell for Epic’s set of better integrated tools. Oracle laid off many involved with customer accounts. The consulting and sales area laid off 3,000 in one year from March 2023 to February 2024, according to Bloomberg. These may have been as early as May 2023. In June 2023, there were reports that the VA’s pause of Cerner Millenium for at least a year coupled with the completion... 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)

...Social Security, and Medicare. Highlights of the bill: Geographic and originating-site waivers Ability for Federally Qualified Health Centers (FQHCs) and Rural Health Clinics (RHCs) to continue to furnish telehealth services Expanded list of eligible Medicare providers, allowing physical therapists, occupational therapists, speech language pathologists, and audiologists to render telehealth services Ability to offer audio-only services Repeal of telemental health in-person requirement Preservation of the Acute Hospital Care at Home Program through CY2029 Parts are controversial, such as the telemental in-person requirement, hospice recertification, and guardrails around durable medical equipment (DME) and clinical diagnostics requiring reports to prevent fraud, waste and... 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

...Editor will go further. A minimum requirement for the sale should have been security hardening. There was time before the closing. Senator Thom Tillis, R-North Carolina, had the best riposte. He brought a copy of “Hacking for Dummies” to the hearing, highlighting MFA. I doubt he was much moved by UHG now bringing in cybersecurity company Mandiant to both investigate and harden their systems, nor by UHG having to pay ransom, without knowing whose data was compromised. Beyond the breach, UHG was called ‘monopolistic’ by both Republican and Democrat Members. There were calls to break up UHG as not ‘too... Continue Reading

Teladoc’s Q1: increased revenue, increased net loss, dealing with slowing growth–as is CVS Health

...Care’s forecast is an increase of 2 to 5% in revenue, while BetterHelp’s remains weak with a decrease of 4 to 8% in revenue. So far, cutting costs, higher margins, cutting jobs in data science and engineering, third-party (supplier?) costs, and getting on that ‘path to profitability’ has had limited results, at least to Mr. Market which continues to drop the stock–40% to date and deteriorating. On the earnings call, interim CEO and CFO Mala Murthy, in referring to this, said “We are not waiting. We have a plan to deliver, we have investments to execute, and that is absolutely... Continue Reading