Hard agree, and not just because I'm a spreadsheet nerd. Why are we all here? Isn't it in the service…
News 3/23/22
Top News
Madison, WI-based DeliverHealth acquires PresidioHealth, which offers automated coding and revenue workflow capabilities for physician groups, urgent care centers, and freestanding ERs.
PresidioHealth founder and President Douglas Evans, MD CTO Tom Gregory, and VP of Client Success Carlie Richard will join DeliverHealth’s executive team.
The company’s last acquisition was in late 2020, when it purchased Nuance’s HIM and EHR go-live services businesses. DeliverHealth CEO Michael Clark, MBA was previously SVP/GM of Nuance’s provider solutions.
Reader Comments
From: ROI Healthcare Solutions. “Re: Changes in leadership. We’re continuing to experience tremendous growth both within the US and internationally and are excited for our future and our ability to better serve our customers. The ROI team has increased from a staff of 12 people in 2014 to over 160 today. With growth comes change, and change can be challenging. The leadership changes that have happened at ROI have taken place over time. Some were voluntary departures, while others were strategic and forward-looking. We are forever grateful for the contributions of each of these individuals. They each helped bring us to where we are today with a solid foundation upon which to grow.”
Webinars
April 6 (Wednesday) 1 ET. “19 Massive Best Practices We’ve Learned from 4 Million Telehealth Visits.” Sponsor: Mend. Presenter: Matt McBride, MBA, founder, president, and CEO, Mend. Virtual visits have graduated from a quickly implemented technical novelty to a key healthcare strategy. The challenge now is to define how telehealth can work seamlessly with in-person visits. This webinar will address patient satisfaction, reducing no-show rates to single digits, and using technology to make telehealth easy to use and accessible for all patients. The presenter will share best practices that have been gleaned from millions of telehealth visits and how they have been incorporated into a leading telemedicine and AI-powered patient engagement platform.
Previous webinars are on our YouTube channel. Contact Lorre to present your own
Acquisitions, Funding, Business, and Stock
TimeDoc Health raises $48.5 million in a Series B funding round led by Aldrich Capital Partners. The company, which has raised nearly $60 million, specializes in helping primary care physicians virtually manage the care of their patients between office visits.
Cardiac recovery startup Recora raises $20 million in Series A funding. The New York City-based company offers cardiac rehab programs to health systems and payers that incorporate virtual care, remote patient monitoring, and dedicated care teams. Co-founder Abhi Chandra’s previous venture was Spring Health, where he and his two other Recora co-founders developed a mental healthcare platform for employers.
People
Davis Medical Center (WV) physician James Gainer, MD takes on the additional role of CMIO at Davis Health System.
Sansum Clinic (CA) promotes Sean Johnson, RN to CIO.
Summer Brown (Feedtrail) joins CipherHealth as chief customer officer.
Announcements and Implementations
Rush Health (IL) has implemented Arcadia’s population health management software across its four hospitals and 140 practices.
Heritage Valley Health System (PA) leverages Bluestream Health’s virtual care integration capabilities to offers its patients a more seamless digital experience.
Hicuity Health announces GA of standalone virtual nursing services.
Government and Politics
The US Supreme Court will not take up Epic’s challenge to an appeals court’s decision to cut the amount of damages it won in its stolen trade secrets case against Tata Consultancy Services back in 2017. A judge had initially awarded the company $940 million in damages, but that figure was later deemed unconstitutionally high and slashed to $420 million.
The VA and Cerner promise to perform a thorough root-cause analysis of the software bug that caused Mann-Grandstaff VA Medical Center and associated clinics in Washington and Idaho to take their Cerner EHR offline and revert to paper records earlier this month. The troubled roll-out of the new system at Mann-Grandstaff, the VA’s initial go-live site in its projected $16 billion facility-wide Cerner implementation, has prompted several lawmakers to call for the postponement of future implementations.
Carl R. Darnall Army Medical Center (TX) at Fort Hood, the 71st Medical Group at Vance Air Force Base (OK), and Womack Army Medical Center (NC) at Fort Bragg have gone live on Cerner as part of the DoD’s MHS Genesis EHR overhaul. The new system will be deployed in several more waves this year to 54 facilities, the DoD’s largest group in any calendar year.
Other
The trial of a former Vanderbilt University Medical Center nurse accused of reckless homicide and impaired adult abuse begins this week. The charges stem from a medical error in which she injected an elderly patient with the paralyzing agent vecuronium (Norcuron) instead of the ordered sedative midazolam (Versed), which was intended to to overcome the patient’s claustrophobia before having a PET scan. As I mentioned when she was first charged, the nurse withdrew the wrong medication from the automated dispensing cabinet after typing in the letters VE for versed, then after not finding the drug’s name, overrode the system to gain access to the vecuronium. The patient was left alone in the scanner for up to 30 minutes where she experienced cardiac arrest and brain death, then died the next day after life support was turned off. In testifying before the nursing board last year, the nurse said that Vanderbilt encouraged overrides when necessary to overcome cabinet delays and constant technical problems caused by the system-wide transition to Epic.
Sponsor Updates
- NTT Data Research publishes a new report, “Innovation Index: Digital Strategies for an Era of Constant Disruption.”
- AdvancedMD recognizes Channel Marketing Manager Carri Hamilton with a FIT Award.
- AGS Health exhibits at the OHIMA 2022 Annual Meeting & Trade Show in Columbus, OH through March 23.
- Ascom welcomes David Gutillo (Spok) as senior key accounts manager.
- Availity partners with Vim to connect payer data to clinical workflows at the point of care.
- Azara Healthcare earns ONC-Health IT 2015 Edition Certification from the Drummond Group.
- Baker Tilly releases a new edition of its Healthy Outcomes Podcast, “The value of cybersecurity in the healthcare industries.”
- Bamboo Health publishes a new case study, “How the Mass League is Increasing Interoperability & Coordinating Care with Pings.”
- Cerner congratulates customer Intermountain on achieving HIMSS Stage 7 status for the third time.
- Optimum Healthcare IT announces that Red Lake Nation College has joined its CareerPath health IT apprenticeship program.
- CHIME will host a Clinical Informatics Leadership Boot Camp May 15-18 in Salt Lake City.
- CMS certifies Netsmart’s electronic visit verification system as the state solution in Georgia.
Blog Posts
- Agfa HealthCare recognized as Cybersecurity Transparent Leader (Agfa HealthCare)
- Drive Patient Volume Through Always-On Automation (Actium Health)
- The digital transformation of colonoscopy prep (Bravado Health)
- Patient Monitoring vs. Clinical Surveillance: There are Differences (Philips Capsule)
- Four Ways to Support Patient Safety Through Healthcare Technology and Communication (CereCore)
- Poised for Growth: How Digital Health Companies Can Meet Cybersecurity and HIPAA Compliance Expectations (Clearwater)
- HIMSS22: A snapshot into the brave new world of health information and technology (ConnectiveRx)
- How One Nurse Rediscovered Her Passion Within Hospital at Home (Current Health)
- Here’s What We’ve Discovered About Clinical Data After Studying It for the Last 10 Years (Diameter Health)
- Top Cybersecurity Investments for Healthcare in 2022 (Dimensional Insight)
- The First Step: Patient-Centered Medical Home (EClinicalWorks)
Contacts
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What do you know about Olive? New age company? Venture capital? They appear to have a lot of executives and a lot of career openings? Just curious. Lots of companies us “AI” these days, but what are they really doing? Only the President seems to have any actual healthcare experience.
Their CEO is ex-US intelligence and DOD which makes my antenna go up a little bit around Big Data and collecting clinical information.
I can’t speak specifically to what they do, though I believe their core business focuses around revenue cycle automation (I could be wrong on that). However, it’s disingenuous to say “they” do not have actual healthcare experience, as I know many folks working there in IC and mid-level roles with decades of healthcare and HIT experience. Potentially their leadership ranks are lacking, but the company has done a good job attracting decent and relevant talent over the last few years.
There is a search function on top (or under the menu on mobile). There have been several discussions about Olive here, if you can find them…
I looked into an opportunity with Olive a year ago and have a couple ex colleagues that landed there. I couldn’t understand what they do apart from pre-auth services. Felt like they only wanted to hire me because I worked for a well known medical center (they didn’t really care to “qualify me” in any way; skills, personality or otherwise.) At the time something just didn’t feel right about the company and the narrative was all over the place. Ultimately it was a pass for me. Perhaps things have evolved but I’d encourage you to check out their Glassdoor reviews and try to connect with past/present employees outside of recruiting.
Olive has a lot of leaders who have come from online advertising who tactics include using both Personally Identifiable Information of brands and augmenting that data with cookies and device ids to drive scale and conversions. The entire industry is based on revenue cycle management and yield from AdSpend. How can you drive the largest margins through arbitraging online ad inventory and anonymous data (cookies and device ids is the goal.
What is most concerning from a privacy and patient protection lens is that in online advertising individuals would be assigned a universal id number when they are unknown and many attributes would be added to that ID. The goal was to know exactly who these people were on the back end while using these anonymous IDs to drive marketing and advertising campaigns through creating targeting segments based on what conversion the brand wanted to drive.
The type of advertising was the impetus for the General Data Protection Regulation, California Privacy Rights Act, and similar legislation in more than half the states in the US. It is more than concerning that one company will have that much access to sensitive health data. Think of Epic and Cerner patient data scale in the hands of Olive.
Olive also has plans to build a huge App Marketplace where software and services vendors can offer their products in an exchange type setting. Olive would then be able to take a revenue percentage of every sale in the marketplace. Consolidation for procurement at providers and access to tons of small players to get into the marking from the software side. Tons of apps that will build on Olive’s SaaS platform. Huge software companies like Salesforce, Oracle, SAP, and Workday operate this. Could the strategy be to become a clearing house for all healthcare software, data, and services?
There is a lot of consider with Olive. It is a radical shift in mindset for healthcare.
Yes, HealthTech Data Geek posited the right question: “Could the strategy be to become a clearing house for all healthcare software, data, and services?” <= This is my take