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Analysis: 2022 Semi-Annual Health IT Market Review

by Healthcare Growth Partners 07/29/2022 Leave a Comment

HGP Releases its July 2022 Semi-Annual Health IT Market Review

Executive Summary Act III of COVID: Navigating the Crosscurrents of Post-Inflation 2022 ushered in Act III of the market’s latest transitionary period: The Post-Inflation Era. Since 2008, the US economy functioned with remarkably low inflation and interest rates. As the cost of capital went lower and lower during the decade, valuations steadily rose. Between 2010 and 2020, the NASDAQ experienced a 17.1% annual growth rate, with no small share of the growth a result of expanding valuation
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The Twin Toll of Peripheral Artery Disease and Diabetes on Minority Communities

by Elizabeth Hogan Hamacher, MHL, BSN, RN, VP of Clinical Services and Support, Podimetrics 07/25/2022 Leave a Comment

The Twin Toll of Peripheral Artery Disease and Diabetes on Minority Communities

Diabetes is one of the most common chronic diseases in the United States, with more than 34 million individuals living with the condition.   It’s hard enough to manage this condition on a daily basis — and it gets even harder with the realization that diabetes doesn’t just exist in isolation. A diabetes diagnosis immediately triggers a domino effect of higher risks for other conditions and complications, including kidney damage, eye damage, neuropathy, and cardiovascular
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Why Medicaid Programs Need to Update Their Information Systems

by Brett Furst, President, HHS Technology Group 03/01/2022 Leave a Comment

Why Medicaid Programs Need to Update Their Information Systems

You don’t have to be a news junkie or political aficionado to know that state unemployment information systems massively failed during the COVID-19 pandemic at a time when they were most desperately needed. Overwhelmed by a rush of newly laid-off workers, websites crashed and timed out while phone lines were tied up for hours, leading to frustration and delays in benefits payments – harming local economies and imperiling American families.  In Ohio, unemployment overpayments reached
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HHS Establishes $80M Public Health IT Workforce Program

by Jasmine Pennic 06/17/2021 Leave a Comment

HHS Launches EHR Innovations for Improving Hypertension Challenge_HHS Funded Health Care Innovation Award Projects to Watch

What You Should Know: - The U.S. Department of Health and Human Services’ (HHS) Office of the National Coordinator for Health Information Technology (ONC) today announced the establishment of an $80M Public Health Informatics & Technology Workforce Development Program (PHIT Workforce Program) to strengthen U.S. public health informatics and data science. - The PHIT Workforce Program aims to train more than 4,000 individuals over a four-year period through an interdisciplinary approach
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HHS Launches VC Partnership to Develop Solutions to Prevent Future Pandemics, Public Health Emergencies

by Fred Pennic 06/01/2021 Leave a Comment

HHS Launches EHR Innovations for Improving Hypertension Challenge_HHS Funded Health Care Innovation Award Projects to Watch

What You Should Know: - The U.S. Department of Health and Human Services (HHS) launches a new $50M venture capital partnership with nonprofit organization Global Health Investment Corporation (GHIC) to accelerate development and commercialization of technologies and medical products needed to respond to or prevent public health emergencies, such as pandemics, and other health security threats - Through the BARDA Ventures program, the Biomedical Advanced Research and Development
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Q1 2021 Health IT/Digital Health PC/VE, M&A, IPOs/ SPACs Activity

by Healthcare Growth Partners (HGP) 04/12/2021 Leave a Comment

Q1 2021 Health IT/Digital Health PC/VE, M&A, IPOs/ SPACs Activity

The first quarter of 2021 has been one of investor optimism as the vaccine rollout continues ahead of expectations and economic activity begins to accelerate in response.  Within the Health IT industry, the already strong investment and M&A trends seen in 2020 have only accelerated.  Over the course of the quarter, we observed $7 billion in private equity and venture capital investment across 158 companies.  By comparison, Q1 of 2020 saw $3.2 billion and 127 investments.  Health IT
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Biden Announces Deal With Merck, Johnson & Johnson to Boost COVID-19 Vaccine Production

by Announcements 03/02/2021 Leave a Comment

87% of Americans Want to Receive COVID-19 Vaccine Information From Their Providers

What You Should Know: - President Biden’s administration today announced a historic manufacturing deal between Merck and Johnson & Johnson (J&J), to expand production of J&J’s COVID-19 vaccine. The collaboration will increase manufacture of vaccine drug substance, as well as its fill-finish capacity – two of the biggest bottlenecks facing J&J in the production of its vaccine. - In addition, the U.S. Department of Health and Human Services (HHS) will collaborate with Merck
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Onyx, AMA Innovations Form Collaboration to Build FHIR-Based Messaging

by Fred Pennic 01/25/2021 Leave a Comment

Onyx, AMA Innovations Form Collaboration to Build FHIR-Based Messaging

What You Should Know: - Onyx and AMA Innovations partner to rethink ways FHIR-based messaging technology can improve links between healthcare and community-based organizations. - As part of the collaboration, both organizations will jointly target grant opportunities through HHS’ Administration for Community Living’s Social Care Referrals Challenge Program. Onyx Technology LLC and AMA Innovations Inc., a technology development subsidiary of the American Medical Association, today
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To Beat COVID-19, We Need A Modern Approach to Public Health Data

by Ed Simcox, Chief Strategy Officer at LifeOmic 01/20/2021 Leave a Comment

To Beat COVID-19, We Need A Modern Approach to Public Health Data

The COVID-19 pandemic, which has taken 270,000 American lives to date, has shined a light on another crisis — the U.S. currently has no standardized system for reporting public health data. Health departments all over the country resort to using paper, fax, phone, and email to transmit and receive critical information, and essential healthcare workers are spending precious time retyping data into systems from printed reports and PDFs. At the heart of this lack of a centralized infrastructure
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HHS Awards $20M in Funds to Increase Data Sharing Between HIEs & Immunization Registries

by Fred Pennic 01/19/2021 Leave a Comment

HHS Launches EHR Innovations for Improving Hypertension Challenge_HHS Funded Health Care Innovation Award Projects to Watch

What You Should Know: - The ONC today unveiled a series of investments to improve the sharing of health information related to vaccination. - The new investments will provide opportunities to track vaccination progress, help clinicians contact high-risk patients, and help identify patients due to receive the second dose of the vaccine. The U.S. Department of Health and Human Services acting through the Office of the National Coordinator for Health Information Technology (ONC) today
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