Clover Earnings and Symplr Acquisition
Recent earnings and acquisition in the healthcare technology space for the week of May 17, 2021
Clover Health is a San Francisco-based Medicare Advantage insurer. The company’s in-home care model utilizes technology, including data analytics and machine learning, to identify its highest-risk members. It then finds solutions to lower their risk of adverse health events.
Federal rules have a way of making life challenging for healthcare IT executives. Often, new regulations saddle them with responsibilities over which they may have only partial influence.
On April 5, CIOs began to take ownership of their piece of interoperability. It’s something that will require industrywide compliance and cooperation to reach the benefits that the regulations envision.
A few weeks ago, rules from the 21st Century Cures Act affecting information blocking went into effect. This culmination of years of efforts by federal agencies to encourage broader information sharing among healthcare industry participants. …
Healthcare CIOs -> Don’t sleep on ‘low code’
Healthcare has often been the victim of hyped-up technology, so it’s no surprise that CIOs are wary of new trends. Welcome to the buzz surrounding low-code software.
Low code offers the potential to facilitate the development of solutions by using a graphical user interface instead of the traditional approach of relying on hand-coded programming, thus requiring little to no coding to build applications and processes.
This more visual approach to software development is on the rise, particularly after a Gartner prediction that low-code application development would represent about 65% of application development…
Allscripts Q1 Analysis
A vaccine passport is a Covid19 immunization proof for individuals. It could be in the form of a smartphone app or a written card that we have received with many individuals trying to laminate the card.
New York and San Francisco
New York was the first to issue a digital vaccine passport using IBM’s Excelsior Pass app. Brooklyn Nets and New York Rangers hockey tested the app at a game last month.
Do you want to attend a San Francisco Giants game? The stadium now requires proof of vaccination or a 72-hours-old (or less) negative COVID test result…
Healthcare thoughts of the week!
We agree that speed and getting things done quickly has not occurred historically in the healthcare provider sector. Prominent tech CEOs have thrown out comments such as organizations have seen two years’ worth of transformation in 2 months during the pandemic.
It is not about buying the latest technology, but the organization’s DNA must be technology savvy at the leadership level. We have all heard about the Domino pizza use case where they transformed from a pizza company’s DNA to a technology company, and it shows in their stock.
Amazon forges ahead with its health care solution for its employees, now opening that up to other patients in other states. Currently, Amazon care is only available in the Seattle, Washington area (https://amazon.care), but Amazon care is looking to expand in 17 different states.
Digital health “blank check” or “shell” companies are everywhere. 2021 have so far generated 137+ SPACs, raising over $42 billion. Some of the healthcare SPACS generating attention are:
Here is the hottest news related to healthcare IT for the week.
What’s up with Intelerad?
Jeopardy winner is shutting down.
2020 was a nightmare of a year for healthcare providers. But it was also a year for information technology to prove its worth to healthcare organizations.
As the pandemic struck, healthcare delivery and patient encounters made a rapid right turn to virtual encounters. Analytics came to the forefront, enabling organizations to see trends in advance and detect whether COVID-19 patients could be transferred or had demographics, vital signs, or comorbidities that signaled potential problems. Digital records were shared as patients moved to different care venues.
Healthcare IT aside, the months ahead will be challenging, and IT execs will still have…
Surprise Bill for “out of network” Services
December 22, 2020, Congress passed a government funding deal, which includes a long-awaited federal fix for “surprise billing.” Most of the new requirements take effect with plan years beginning January 1, 2022
The new law ensures that patients receiving services in a hospital ED, or standalone ED
Providers and payers will be able to resolve payment disputes through either negotiation between the parties or…