News 8/14/23

Top News

Urgent care technology vendor Experity acquires cloud-based, teleradiology-focused OnePACS for an undisclosed sum.

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Webinars

August 24 (Thursday) 2 ET. “RCM analytics in action: How to use your data to drive decisions + revenue.” Sponsor: Waystar. Presenter: Laura Tungate, solution strategist team lead, Waystar. This webinar will describe how to use RCM analytics to take control of your data even if you use outdated or multiple tools. Attendees will learn how to target improvements, describe the KPIs that are key to revenue cycle leaders, prioritize dashboards that spotlight organizational goals and build alignment, and how and when to apply RCM analytics to go from analysis to action faster.

Previous webinars are on our YouTube channel. Contact Lorre to present or promote your own.

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Acquisitions, Funding, Business, and Stock

Shares of membership-based primary care company Cano Health plummet after it announces plans to sell its assets and lay off 700 employees in order to stay remain in business. The company went public via SPAC merger in 2021 at a $4.4 billion valuation, though its shares had lost 90% of their value as of last April, when several board members resigned over company mismanagement. CEO Marlow Hernandez stepped down in June.

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People

Mike Ressel (Cloud 9 Software) joins Office Practicum as CEO.

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Announcements and Implementations

Suvida Health (TX) implements Elation Health’s EHR.

Praesum Healthcare Services (FL) goes live on Lightning Step All-in-One EHR, CRM, and RCM software from Lightning Step Technologies.

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Government and Politics

The FDA opens an investigation into Atlanta-based IV hydration therapy company Hydra+ after a former employee brings questionable business practices to light, including using expired vials, swapping out vitamin solutions without telling customers, and administering the wrong drugs.

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Other

The local news covers the heartbreaking – yet encouraging – story of Geoff and Caroline Butler and the community clinic they are building for the second time from scratch. The Johnson Health Center, launched by the Butlers less than a year ago out of a renovated Subway store, was devastated by recent flooding. The couple is determined to rebuild so that they can continue to serve their community, especially those patients in recovery from substance abuse: “I didn’t realize how impactful the work was that we did, how many lives we’ve touched,” Geoff recently told CNN. “We’ve just got to keep pushing for them. We’re just going to keep on doing what we do best. And that’s helping people.”

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Sponsor Updates

• EClinicalWorks releases a new podcast, “Empowering Communities, Analytics for Better Patient Care.”
• Nordic releases a new Designing for Health Podcast, “Interview with Karim Jessa, MD.”
• Best Medical Care (NY) upgrades to EClinicalWorks Cloud.

Blog Posts

• EHRs or social interactions: Can’t we have both? (Nordic)
• We Surveyed Our Customers on Mental Health Issues. Here’s What We Learned. (AdvancedMD)

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Contacts

Jenn, Mr. H, Lorre

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