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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Mayo Clinic partners with FundamentalVR to develop novel virtual reality solutions

The Mayo Clinic and London-based virtual reality developer FundamentalVR have announced a three-year strategic alliance and joint development agreement, making the Mayo Clinic the first American medical center to institute the company’s technology.

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Morgan Stanley hired its first CMO

Investment bank and financial services company Morgan Stanley has hired a chief medical officer for the first time in the firm’s history, according to Business Insider.

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Bundled payment convener triples business

Remedy Partners tripled its business under Medicare’s Bundled Payments for Care Improvement (BPCI) Advanced program, the Connecticut-based bundled payment convener company announced.

Health Leads Launches New Strategy to Advance Community-Led Health Aims

National nonprofit deepens 22-year commitment to overcoming barriers to health with new vision, mission, strategy and resource-rich website.

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Misdirected faxes, emails a top source of Medicaid data breaches

State Medicaid agencies had 1,260 data breaches in 2016, many of which were the result of misdirected communications that sometimes exposed the information of beneficiaries in letters, emails and faxes.

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75K consumer records accessed on ACA exchanges in data breach

The files of approximately 75,000 individuals were accessed during suspicious activity in the Affordable Care Act enrollment system, according to CMS. The agency stated it took immediate steps to secure the system.

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Anthem to pay $16 million settlement for health data breach

Anthem, Inc. will pay a record $16 million to HHS Office for Civil Rights (OCR) after a data breach exposed the electronic protected health information of nearly 79 million people.

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Mayo Clinic completes Epic EHR rollout

Mayo Clinic has completed its implementation of the Epic electronic health record (EHR) system at all of its locations.

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.