Kelly Patrick, Principal Analyst at Signify Research
Without a doubt 2020 has been a devastating year for many; the impact of COVID-19 on both personal lives and businesses has had long-term consequences. At the end of September, the number of COVID-19 cases fell just short of 350 million, with just over 1 million deaths reported. The expectation of a second peak in many countries exposed to the deadly illness is being handled with care, with many governments attempting to minimize the impact
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Accounting for the Social Determinants of Health During the COVID-19 Pandemic
Andy Aroditis, CEO, NextGate
The COVID-19 pandemic is not just a medical crisis. Since the highly contagious disease hit American shores in early 2020, the virus has dramatically changed all sectors of society, negatively impacting everything from food supply chains and sporting events to the nation’s mental and behavioral health.
For some people, work-from-home plans and limited access to entertainment are manageable obstacles. For others, the shuttered schools, lost wages, and social
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HHS Launches Initiative to Measure Office-Based Physician Use and Burdens of Health IT
What You Should Know:
- HHS launches an initiative to measure how office-based
physicians use health IT, including key measures on interoperability and
burden.
- ONC awards a three-year cooperative agreement to the American Board of Family Medicine to develop key measures related to health IT use and the interoperability of health information, etc.
Today, the U.S.
Department of Health and Human Services (HHS) launched an initiative to
measure health
information technology (health
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Corindus Vascular Robotics CEO Departure, UPMC Enterprises’ New President, Nordic Consulting’s New CIO, Other Health IT Hires
Mark Toland, Partner, Biostar Capital
Mark Toland, CEO of Corindus Vascular Robotics (acquired by Siemens for $1.1B last year), has announced his departure and will be joining BioStar Capital, a health-tech venture capital group focused on cardiovascular and orthopedic medical devices. As a partner and entrepreneur in residence, Mark will help to identify and develop innovative companies leveraging AI, deep learning, robotics, and other transformative technologies that address a wide range of
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Raising the Bar for COVID-19 Data Integrity and Disease Surveillance
Seth Hirsch, COO, SES Corporation
Just a few weeks ago, the mood among technologists in the Coronavirus pandemic remained cautiously optimistic about reopening society with the help of testing data, contact tracing apps, and other IT-enabled resources. But the recent spike in illness – 1.9 million new US cases in July, more than double any other month – is a sobering reboot on a crisis we now understand needs far more IT and data coordination than previously recognized.
The emerging
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Evidation’s Appoints Co-CEO, Greenway’s New President, Other Health IT Appointments
Evidation, Co-CEO, Christine Lemke
Evidation’s Board of Directors has appointed Christine Lemke as Co-CEO alongside Executive Chair Deborah Kilpatrick.
Pratap Sarker, President, Greenway Health
Greenway Health appoints Pratap Sarker as President to oversee all commercial and customer-focused functions including sales, marketing, and customer success. He will also work closely with Greenway’s clearinghouse, revenue cycle and IT teams to ensure the delivery of quality solutions
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AmWell IPO and Google Deal – Five Key Takeaways to Know
1) COVID-19 Has Driven Revenue Up 77%
The headline revenue data (summarised below) provides very positive news for AmWell and its new investor, Google. Notably:
- Even prior to COVID-19, the company was growing well with revenues increasing by 31% in 2019 compared to 2018.
- This rate of growth has accelerated in 1H20, with overall revenue up 77% in the same period in 2019.
- The 2019 growth was partly driven by a small increase in the number of health plan subscription customers and
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Analysis: August Health IT M&A Activity; Public Company Performance
– Healthcare Growth Partners’ (HGP) summary of Health IT/digital health mergers & acquisition (M&A) activity, and public company performance during the month of August 2020.
M&A is back and the velocity of the rebound has outpaced all expectations. The recovery quickly worked its way across the spectrum from large to small-cap, beginning with the larger cap NASDAQ rally of nearly 80% from lows in late March (only to soften in recent days), followed by multi-billion
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How Can Health IT Address Socially Determined Risk amid COVID-19?
Dr. Trishan Panch, MD, MPH, Chief Medical Officer of Wellframe
Many have argued that the COVID-19 pandemic is a “black swan”: a catastrophic event that can only be understood with the benefit of hindsight. While there is some appeal to this observation, the originator of the black swan theory, Naseem Taleb, strongly refutes this assertion. He counters that COVID-19 was a “white swan”—a predictable event with predictable consequences.
New federal data shows that Latinos and African
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Why International Expansion Must Remain a Priority for Cerner, Epic, Allscripts, MEDITECH
What You Should Know:
- How the top US acute EHR vendors, namely Cerner, Epic, Allscripts, and MEDITECH (+85% share of US acute market in terms of revenues), have progressed on international expansion.
As highlighted below, there is a significant variance amongst the big four in terms of revenue and share of business outside the US. Cerner has by far the highest revenue at more than $650M in 2019, representing 12% of its business. Whilst MEDITECH has considerably lower revenue
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