Struggling Babylon Health cancels its last NHS contract eight years early, saying that the projects aren’t profitable enough to continue in a cost-cutting environment.
Babylon had offered an AI-based chatbot for triaging patients and a telehealth service.
The company will focus on the US market, where the for-profit healthcare system generates more potential funding.
BBLN shares are down more than 90% since the company went public in a SPAC merger in October 2021.
From Long Island IT: “Re: Northwell. Word in metro New York is that it is talking to Epic now that its CIO, who was tied tightly to Allscripts, is gone and the product set has been sold to Harris.” Unverified. Northwell and Allscripts announced in October 2019 that they would co-develop a next-generation EHR (which never happened) and Northwell extended its Allscripts contracts through 2027.
None scheduled soon. Previous webinars are on our YouTube channel. Contact Lorre to present your own.
Acquisitions, Funding, Business, and Stock
Shares of Signify Health jump on the news that Amazon is reportedly interested in acquiring the home healthcare company, joining CVS Health and UnitedHealth. Final bids for Signify, which could achieve an $8 billion valuation, are due around Labor Day. UnitedHealth’s bid of $30 a share has made it the frontrunner thus far, followed by Amazon, which acquired membership-based primary care company One Medical last month for nearly $4 billion.
Virtual care company Recuro Health acquires Competitive Health, which offers digital health programs to employers. Recuro, which was founded last year by Teladoc founder Michael Gorton, acquired virtual primary care company WellVia in April.
Shares of Zoom took a beating on Tuesday as the company reported mixed quarterly results and lowered its forecast after enterprise sales failed to offset the loss of consumer users. A huge growth in Microsoft Teams users isn’t helping. ZM shares peaked in October 2020 at $559. They are now at $81, having lost 75% of their value in the past 12 months.
- Baptist Health chooses Censinet for vendor and product risk assessment.
- BronxCare Health System will implement virtual physical therapy, care paths, and remote education from Force Therapeutics for its orthopedic patients.
Suki names Belwadi Srikanth, MBA (Google) VP of product and design.
Brittany Carter, MBA (Cboe Global Markets) joins ChartSpan as CFO.
Todd Garlitz, MBA (LexisNexis Risk Solutions) joins virtual genomic services company Genome Medical as VP of growth marketing.
David Wardlaw, MBA (MobileSmith Health) joins Avant-garde Health as SVP of sales.
Tamara Elias, MD (Merck) joins Nuance / Microsoft as SVP of strategy and business incubation.
Announcements and Implementations
Cone Health’s payer subsidiary, HealthTeam Advantage, implements Bamboo Health’s Pings real-time care notification technology.
Brown & Toland Physicians makes e-consults with Stanford Health Care (CA) subspecialists available to its network of primary care physicians.
The Sequoia Project selects HITRUST as the certifying body for organizations looking to prove compliance with TEFCA security requirements for designation as Qualified Health Information Networks.
Payments technology vendor Anomaly announces an AI-powered claims prediction engine that it says can identify likely actionable denials with 97% accuracy.
The National Cancer Institute awards a grant to Memorial Sloan Kettering Cancer Center to publish best practices for telehealth-enabled cancer care, which will include a study of its MSK@Home program for breast and prostate cancer.
Privacy and Security
Methodist McKinney Hospital (TX) refuses to pay hackers to retrieve 360 gigabytes of data that was stolen in a recent ransomware attack, which also affected two Methodist surgery centers. The attack occurred between May and July. The hackers have threatened to sell the data on the dark web.
In France, ransomware hackers demand $10 million to restore the systems of 1,000-bed CHSF Hospital Centre, which is sending patients to other hospitals.
The federal government warns hospitals about voice phishing attacks, in which hackers use telephone calls to convince computer users to install malware. The targeted user receives an email indicating that a subscription that they never signed up for is ending or from what is claimed to be a government entity or technology company, with instructions to call a provided telephone number for more information.
The Verona paper profiles Epic’s artist-in-residence Manabu Ikeda, whose on-campus studio is open for visitors each Monday, Wednesday, and Friday from 1:00 to 2:00 p.m.
A reader sent this shot of the famous opening campfire of Epic UGM. They offered kudos to the Verona fire department for managing the actual campfires. Meanwhile, I’ve read quite a few horror stories about would-be attendees who are sitting home because the airlines couldn’t figure out how to get them to Verona.
Epic UGM attendee and Luminis Health CIO Saad Chaudhry, MS, MPP tweeted this shot of Judy’s address in Deep Space. He says that masks were required and distancing was in place. Seems like a lot of empty seats.
- WebPT releases the Keet Remote Therapeutic Monitoring Dashboard and announces enhanced integrations with WebPT and Insight EHRs.
- Ellkay adds CRM data archiving to its LKArchive platform.
- CarePort will exhibit at the Chicago Care Coordination Summit August 30.
- An OptimizeRx study finds that its Evidence-Based Physician Engagement solution successfully identified doctors whose patients have treatment plans that may lapse due to a loss of insurance coverage.
- Biofourmis COO Jaydev Thakkar will present at the 2022 DPharm Idol Disrupt Event September 13 in Boston.
- Diameter Health exhibits at the Civitas Networks for Health Conference through August 24 in San Antonio.
- Bamboo Health makes its Crisis Management System available to support 988 Suicide and Crisis Lifeline regional call centers.
Mr. H, Lorre, Jenn, Dr. Jayne.
Get HIStalk updates.
Send news or rumors.