News 3/3/23
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VA Deputy Secretary Donald Remy, JD, who oversees the VA’s Oracle Cerner implementation and other initiatives as its equivalent to COO, resigns as of April 1.
Remy’s departure follows that of VA EHR…
Tag: FTC
FTC to bar BetterHelp from sharing health data for ads
The Federal Trade Commission has fined online therapy company BetterHelp $7.8 million for allegedly sharing consumer data with third parties like Facebook and Snapchat for advertising purposes.The proposed order — the second recent action…
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GoodRx revenue sinks in fourth quarter
GoodRx reported falling revenue for the fourth quarter, but its stock rallied early Wednesday after beating earnings expectations. The company, best known for its drug cost transparency tools, reported $184.1 million in revenue for Q4…
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Cerebral announces third round of layoffs in less than a year
Digital mental health platform Cerebral announced it’s letting go of 15% of its workforce in its third round of layoffs since last summer. In a LinkedIn post, the company’s CEO David Mou confirmed the layoffs,…
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DOJ Finalizes FTC Settlement With GoodRx Over Alleged Health Breach Notification Rule Violations
By Jill McKeon February 27, 2023 – The Department of Justice (DOJ) and the Federal Trade Commission (FTC) have officially resolved allegations against GoodRx surrounding violations of the FTC Act and the…
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News 2/24/23
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Teladoc Health reports Q4 results: revenue up 15%, EPS –$0.23 versus –$0.07, beating revenue expectations but falling short on earnings.
The company reported a staggering $13.7 billion loss for FY 2022, much of…
Amazon closes $3.9B acquisition of One Medical
Amazon closed its $3.9 billion acquisition of primary care provider One Medical shortly after multiple news outlets reported the Federal Trade Commission wouldn’t sue to block the deal.The acquisition marks another move into healthcare…
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News 2/22/23
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ONC publishes “Social Determinants of Health Information Exchange Toolkit.”
Reader Comments From NY CIO: “Re: Northwell Health. Word is it will announce its move to Epic and that it will bring a large…
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The Federal Trade Commission Accuses GoodRx Of Multiple Data Sharing Fails, Demands It Pay $1.5 Million Fine and Make Reforms
The Federal Trade Commission has cited telehealth and prescription drug discount provider GoodRx for sharing sensitive consumer health data with several advertising platforms, in violation of its own privacy promises to consumers.
The agency has filed a proposed order demanding that GoodRx pay $1.5 million in civil penalties for failing to let consumers know about unauthorized disclosures of its data to a list of advertiser platforms. including Facebook and Google.
The company, which is based in California, operates a digital health platform offering prescription drug discounts, telehealth visits and other health services. It captures a wide range of data from consumers who use…
Which Moves Should Providers Watch From Amazon, CVS & Walgreens This Year?
Primary care has been historically dominated by traditional providers that deliver care via fee-for-service models, but retail companies have been amping up their efforts to disrupt the space in recent years. Over the next decade, it will become increasingly difficult for hospitals and other traditional healthcare providers to ignore these disruptors, according to a recent report from the American Hospital Association.
The report cited a Bain & Company analysis that predicted disruptors could own as much as 30% of the $260 billion primary care market by 2030. So what moves by Amazon, Walmart and CVS will the industry need to watch to…
