Morning Headlines 2/16/23

Morning Headlines 2/16/23

February 15, 2023 Headlines No Comments CPSI Announces Fourth Quarter and Full Year 2022 Results
CPSI reports Q4 results: revenue up 12%, adjusted EPS $0.61 versus $0.58, beating analyst expectations for both.
Cyber attack exposes personal data of approximately 1 million Community Health Systems patients
Hospital management company Community Health Systems (TN) begins notifying patients of a cyberattack on its third-party cybersecurity vendor Fortra, which may have exposed patient information.
CommonSpirit Health Releases FY2023 Q2 Financial Results
CommonSpirit Health reports a $474 million Q2 operating loss, some of which it attributes to the October ransomware attack that took its systems offline for nearly a…

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BCBS Tennessee Unveils Health Disparities in First Health Equity Report

BCBS Tennessee Unveils Health Disparities in First Health Equity Report

BlueCross BlueShield of Tennessee unveiled its first Health Equity Report Tuesday, which analyzed six topics of health disparities: behavioral health, cancer, child and adolescent care, chronic condition management, Covid-19 and maternal health.
The report serves as a way to understand the inequities that exist among its members to determine ways the payer can address the disparities, said Dr. Andrea Willis, chief medical officer of BCBS Tennessee. “We wanted to get a better picture of the health issues and barriers to care faced by our members and Tennesseans as a whole, so that we could more effectively partner with health care providers to…

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The Federal Trade Commission Accuses GoodRx Of Multiple Data Sharing Fails, Demands It Pay $1.5 Million Fine and Make Reforms

The Federal Trade Commission Accuses GoodRx Of Multiple Data Sharing Fails, Demands It Pay $1.5 Million Fine and Make Reforms

The Federal Trade Commission has cited telehealth and prescription drug discount provider GoodRx for sharing sensitive consumer health data with several advertising platforms, in violation of its own privacy promises to consumers.
The agency has filed a proposed order demanding that GoodRx pay $1.5 million in civil penalties for failing to let consumers know about unauthorized disclosures of its data to a list of advertiser platforms. including Facebook and Google.
The company, which is based in California, operates a digital health platform offering prescription drug discounts, telehealth visits and other health services. It captures a wide range of data from consumers who use…

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The Path Forward for Healthcare’s People Matching Problem

The Path Forward for Healthcare’s People Matching Problem

The following is a guest article by Rachel Podczervinski MS, RHIA, Vice President of Professional Services at Harris Data Integrity Solutions.
Efforts to identify the right path forward for healthcare’s patient matching problem are gaining a foothold as stakeholders from across the spectrum come together to remove obstacles and implement effective solutions. Most notably, in 2022, efforts by industry organizations like Patient ID Now led to the temporary removal of Section 510 from the U.S. House and Senate Labor, Health and Human Services, Education, and Related Agencies (Labor-HHS) appropriations bills. While it was ultimately reinserted in the final version, its initial removal…

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Centura Health Acquires Utah Care Sites from Steward Health Care

Centura Health Acquires Utah Care Sites from Steward Health Care

What You Should Know:Centura Health, one of its two joint operating sponsors, CommonSpirit Health, and Steward Health Care today announced an asset purchase agreement (APA) for CommonSpirit Health to acquire Steward’s Utah care sites, which include five hospitals, more than 35 medical group clinics, and a clinically integrated network of care providers.As part of the acquisition, Centura Health will manage the five hospitals and their affiliated clinics which includes Davis Hospital and Medical Center in Layton, Jordan Valley Medical Center in West Jordan, Jordan Valley Medical Center-West Valley Campus, Mountain Point Medical Center in Lehi and Salt Lake Regional Medical Center…

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Experian Health Launches AI-Driven Predictive Denials Management

What You Should Know:– Experian Health launches a new AI-Powered solution, AI Advantage that will help providers recoup the billions in lost dollars due to insurance claim denials. – These new solutions leverage AI and help healthcare providers prioritize their claims reimbursement process and decrease denials overall, saving time and money across the entire healthcare value chain and ultimately improving care and service for patient consumers.AI Advantage[embedded content]One of the top contributors to wasted healthcare dollars is due to the claims process, reported at more than $250 billion per year. Additionally, 35 percent of hospitals and health systems report $50 million or more in…

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‘A Better Long-Term Solution’: How Health Systems Keep Workloads in the Cloud Secure

‘A Better Long-Term Solution’: How Health Systems Keep Workloads in the Cloud Secure

The evaluation process covers ­everything from compatibility to cost and the quality of customer service, but it also includes a comprehensive risk assessment led by the health system’s CISO.“Any vendor we’re potentially going to use must go through that assessment,” Meadows says. “We ask them about everything — their security infrastructure, their policy and procedure management, how they segment their networks — and then, based on their response, we can determine whether they’re a good fit or not.”
Cook Children’s also relies on a third-party system that allows it to check whether a particular vendor has experienced significant security issues in the…

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HHS Aims To Reduce Prescription Drug Costs Through 3 New Models

HHS Aims To Reduce Prescription Drug Costs Through 3 New Models

The U.S. Department of Health & Human Services (HHS) unveiled three new models Tuesday that will be tested by the CMS Innovation Center and aim to lower prescription drug costs. The models include access to $2 generic drugs.
The news is in response to President Joe Biden’s executive order issued in October, which directed HHS to find ways to lower prescription drug costs and improve access to drug therapies for those enrolled in Medicare and Medicaid health plans. The models are meant to build on the Inflation Reduction Act of 2022, which includes allowing Medicare to negotiate lower prescription drug prices for…

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MD Anderson’s Tech Puts Replay on Fast Path to Clinic With TCR NK Cell Therapies

MD Anderson’s Tech Puts Replay on Fast Path to Clinic With TCR NK Cell Therapies

A slew of biotech companies are pursuing research that could overcome limitations of current cell therapies. Startup creator Replay has a new subsidiary pushing toward the front of the pack with a therapeutic candidate on track to start its first human test this summer—about one year after Replay emerged from stealth. It owes this rapid progress to a cell therapy pioneer’s technology that has already been de-risked by a big pharmaceutical company.
Replay calls itself a genome writing company. With operations split between San Diego and London, the private equity-backed business launched last July with $55 million and a suite of technologies…

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Veradigm, Healthverity Uses Registry Data for Chronic Disease Research

Veradigm, Healthverity Uses Registry Data for Chronic Disease Research

February 14, 2023 – Health IT vendor Veradigm, formerly Allscripts, announced a collaboration with healthcare data ecosystem HealthVerity that will leverage registry data to advance chronic disease research. The partnership will bridge Veradigm’s cardiology and metabolic registries with consumer data collected by HealthVerity, offering clinical researchers access to research-ready data. The Veradigm Cardiology Registry boasts over 102 million patient records representing more than 19.9 million unique patients, making it one of the largest outpatient cardiovascular quality improvement registries. The registry follows cardiac patients over time, monitoring essential measures such as demographics, plan of care, cardiac events and comorbidities, exams, procedures, lab…

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