News 5/13/24

Top News

Specialty care coordination company Switchboard Health raises $6.5 million in seed funding. Health IT veteran Derek Baird co-founded the company in 2022.

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Webinars

None scheduled soon. Previous webinars are on our YouTube channel. Contact Lorre to present or promote your own.

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Acquisitions, Funding, Business, and Stock

CareCloud shares a few more details about the acquisition offer it ultimately turned down last week, including the fact that the prospective buyer would likely have taken the company private. The ambulatory health IT vendor has since hired investment bank Citizens JMP to review its capital structure.

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People

Carna Health names co-founder Salvatore Viscomi, MD CEO.

 

HealtheConnections COO Elizabeth Amato will succeed Rob Hack as president and CEO when he retires at the end of this year.

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Announcements and Implementations

Axis Health System will implement NextGen Healthcare’s enterprise EHR and practice management technologies across its 13 locations in Colorado.

Virtual rheumatology clinic Remission Medical launches RemissionNavigation, a text-based consult service that enables patients to connect directly with Remission Medical providers.

Workit Health, a virtual substance use disorder clinic, will use a nearly $1 million grant from the Rural Communities Opioid Response Program (RCORP) – Medication Assisted Treatment (MAT) Access program to begin offering its services in three additional Ohio counties. The company launched its first Ohio clinic in 2021.

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Government and Politics

HHS offers new funding opportunities for projects related to accelerating the adoption of health IT in behavioral healthcare settings, and to developing novel ways to evaluate and improve the quality of health care data used by AI solutions in healthcare.

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Research and Innovation

A Black Book survey of 13,000 physician practice leaders offers insight into how these organizations coped financially during the initial days of the Change Healthcare hack:

• Twenty-seven percent dipped into personal savings or retirement funds.
• Twenty-two percent had to open new lines of practice credit.
• Nine percent applied for personal loans, second mortgages, equity lines of credit, or borrowed from a third party.
• Three percent applied for temporary assistance from their clearinghouse vendor.
• An overwhelming majority of respondents report finding out about the hack from their EHR vendor, accountant, and/or the media rather than their clearinghouse vendor; and that they have been dissatisfied with the amount of clearinghouse vendor communication they’ve received over the last three months.

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Sponsor Updates

• Nordic releases a new Designing for Health Podcast, “Interview with Farhan Ahmad and Jon Keevil, MD.”
• PerfectServe honors 150 outstanding nurses in its fourth annual Nurses of Note Awards program.
• Waystar wins a Medtech Breakthrough Award in the healthcare payments innovation category.

Blog Posts

• Protecting healthcare revenue flow: the power of a business continuity plan (Nordic)

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Contacts

Jenn, Mr. H, Lorre

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