Digital Transformation

This evolution of healthcare involves using technology to improve diagnosis, treatments, monitor patients, enhance hospital operations and culture, and bolster consumer-focused care. This includes virtual reality tools, wearable devices, workflow software, health apps and other digital health tools.

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13 healthcare companies reach $1B valuations this year

Thirteen healthcare companies have reached $1 billion in valuation this year, an especially notable achievement as the U.S. economy approaches a recession and investors pull back.

 

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Oracle acquires Cerner for $28.3 billion

Oracle has completed its $28.3 billion acquisition of Cerner, the company announced. The deal will finalize June 8.

FDA issues a cybersecurity warning: DNA sequencing software is vulnerable to attacks

While there haven’t been any reports of a cybersecurity threat, the vulnerability could allow an unauthorized user to take control of the medical device remotely, alter settings on the systems and even impact patient test results, according to the FDA.

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CVS Health launches virtual primary care

CVS Health has launched a new virtual care program for Aetna plan sponsors and CVS Caremark clients.

Walmart Health retail care clinic

MeMD changes name to Walmart Health Virtual Care

Walmart acquired the telehealth company back in May 2021. 

GE Healthcare invests $50M in handheld tele-ultrasound device

The device is a novel self-operated prenatal home ultrasound solution that enables pregnant women to self-scan for remote clinical assessment by their healthcare provider when the device is combined with their smartphone.

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CMS updates Medicare site for more user-friendly experience

CMS has been updating its Medicare website since 2021 to make it easier to use, most recently redesigning the home page.

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Hospital-based smart pacifier could eliminate infant blood draws

“We know that premature babies have a better chance of survival if they get a high quality of care in the first month of birth,” Jong-Hoon Kim, associate professor at the Washington State University School of Engineering and Computer Science and a co-corresponding author on the study, said in a statement.

Around the web

The tirzepatide shortage that first began in 2022 has been resolved. Drug companies distributing compounded versions of the popular drug now have two to three more months to distribute their remaining supply.

The 24 members of the House Task Force on AI—12 reps from each party—have posted a 253-page report detailing their bipartisan vision for encouraging innovation while minimizing risks. 

Merck sent Hansoh Pharma, a Chinese biopharmaceutical company, an upfront payment of $112 million to license a new investigational GLP-1 receptor agonist. There could be many more payments to come if certain milestones are met.