Morning Headlines 2/17/23

Morning Headlines 2/17/23

February 16, 2023 Headlines No Comments Avaya Files For Chapter 11 Bankruptcy After Cloud Subscription Accounting Woes
Unified communications and collaboration services vendor Avaya, whose healthcare offerings include solutions for virtual care, collaboration, and patient access technology, files for Chapter 11 bankruptcy for the second time in six years.
Elation Health Acquires Medical Billing Company Lightning MD to Accelerate Market’s First Primary Care All-in-One Solution
Primary care EHR vendor Elation Health acquires practice-focused medical billing company Lightning MD.
Spacelabs Healthcare Expands Clinical Informatics Capabilities with Acquisition of Predictive Analytics Company PeraHealth
Spacelabs Healthcare acquires PeraHealth and its Rothman Index patient deterioration software for undisclosed…

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Demo of the LG TV Integration with Amwell

Demo of the LG TV Integration with Amwell

At a recent conference, I had a chance to chat with Atul Singh, General Manager, Digital Health at LG Electronics about their relatively recent virtual care solution with Amwell. It makes a lot of sense why Amwell and LG would want to work together. Many hospitals and healthcare organizations have already installed LG TVs in their organizations or they will as they build new hospitals or update their existing exam rooms. Those TVs often act as a hub of information for a patient and increasingly are becoming a patients connection with their nurses and doctors.Given that final piece, LG and Amwell…

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News 2/17/23

News 2/17/23

Top News

Unified communications and collaboration services vendor Avaya, whose healthcare offerings include solutions for virtual care, collaboration, and patient access technology, files for Chapter 11 bankruptcy for the second time in six years.
The Durham, NC-based company reported lower than expected revenue and earnings last year, blaming accounting problems with its cloud subscription revenue, after which it replaced its CEO.
AVYA share price has dropped 98% in the past 12 months, valuing the company at $24 million.

Reader Comments From Baby Payer: “Re: IVF coverage. In an example of our messed up healthcare system, women are taking Amazon jobs and quitting after…

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Retail disruptors face big strategy questions in 2023, says AHA

Retail disruptors face big strategy questions in 2023, says AHA

A new report from the American Hospital Association Center for Health Innovation explores how retail companies and tech giants like Apple and Google will drive transformational change in healthcare delivery in 2023 and beyond.WHY IT MATTERS
With billions of dollars invested this past year, such as CVS Health’s purchase of Signify Health, the AHA report highlights retail healthcare companies having grabbed significant market share in primary care, concierge medicine, virtual care and in-home medical services. 
They’ve also broadened their reach into pharmacy benefits management, behavioral health and other areas, said AHA researchers in the report.
One example is Amazon. While the company is in the process of buying…

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Digital MSK startup IncludeHealth scores $11M and more digital health fundings

Digital MSK startup IncludeHealth scores $11M and more digital health fundings

Digital musculoskeletal (MSK) health company IncludeHealth announced it had raised $11 million in a funding round led by CincyTech with participation from Tamarind Hill and other investors.The company said it would use the funds to expand MSK-OS, its virtual care platform for delivering musculoskeletal care and physical therapy. Late last year, IncludeHealth announced a partnership with Yale New Haven Health System to offer a hybrid MSK care model for the system’s patients using the platform. 
In addition to the funding round, the startup said it had hired Ray Shealy as COO and added Grant Koster, who served as senior vice president of…

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From Telemedicine to Complete Virtual Care and Beyond

From Telemedicine to Complete Virtual Care and Beyond

Michael Gorton, CEO of Recuro HealthTelemedicine has helped improve the quality of life of patients in every corner of the world and has been successfully utilized to provide convenient care to people with limited or no access to health services. Today, worldwide digital interconnectivity is growing, enabling telehealth to advance health equity, bring access to care for underserved regions and meet the urgent, primary and behavioral healthcare needs of an exploding global population.It has been a remarkable journey for the innovators who pioneered telemedicine. Since its inception, digital health services began the transformation from traditional healthcare — a reactive, disease-focused model…

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Elation Health Buys Medical Billing Company to Create All-in-One Tech Platform for Primary Care Providers

Elation Health Buys Medical Billing Company to Create All-in-One Tech Platform for Primary Care Providers

Elation Health — a San Francisco-based company that sells its electronic health record (EHR) and other technology solutions to primary care providers — on Thursday announced its  acquisition of medical billing firm Lightning MD.
The deal will help Elation become an all-in-one technology platform for primary care offices, CEO Kyna Fong said in a recent interview. Fong founded Elation with her brother in 2010. The siblings grew up in Canada, where their father was a primary care physician — and a passionate one. He was so passionate that he ended up moving his family to the U.S. because he couldn’t “practice the…

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Which Moves Should Providers Watch From Amazon, CVS & Walgreens This Year?

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…

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An inside look at AdventHealth's powerful telemedicine program

An inside look at AdventHealth’s powerful telemedicine program

Most healthcare consumers have experienced certain pain points in receiving care for family and friends.THE PROBLEM
Patient access is a top priority for AdventHealth, a health system based in Altamonte Springs, Florida. For the health system, improving the way it delivers care to patients starts with meeting them at the place of their needs.
“Looking for ways to solve for bringing the right care to the right patient at the right place and time is imperative to stay ahead of the ever-changing landscape,” said Ashley Bard, IT director, care navigation and virtual care technology, at AdventHealth. “In recent years, our users of healthcare…

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