Alvaka Provides List of Mitigations to Reduce Risk of Cyber Attacks
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In Reduce the Risk of Ransomware & Other Cyber Attacks, Alvaka Networks declares that ransomware is an existential threat to every business - large and small - so it's crucial that companies take steps to reduce the risk of cyber attacks. The average ransom amount for just one of the hundreds of ransomware variants has risen to $939,063 per victim. Additional expenses include lawyers, incident response (including forensics and remediation), reputational damage, new computing devices, potential breach notification, lawsuits, fines, loss of employees and clients. These expenses are often multiples of the ransom paid and cannot be avoided, even if you choose not to pay the ransom demand or have a fully viable backup. Alvaka then provides a list of mitigations to reduce the risk of cyber attacks. (Oli Thordarson, OC)
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Bayer's BlueRock Therapeutics Gets FDA Fast-Track Designation for Parkinson's Treatment
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BlueRock Therapeutics, a clinical stage biopharmaceutical company and wholly owned subsidiary of Bayer AG, announced that the FDA has granted Fast Track designation for DA01 for advanced Parkinson's disease (PD). DA01, BlueRock's pluripotent stem cell-derived dopaminergic neuron therapy, is under evaluation in a Phase 1 study. The designation is intended to facilitate the development and review of drug candidates that treat serious conditions and address an unmet medical need. This drug candidate may be eligible for more frequent interaction with the FDA to discuss its development plan as well as eligibility for accelerated approval and priority review. (Rama Penta, SV)
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Biospectal Raises $4.3 Million Funding Led by Digital Health Investor, SeedLink
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Biospectal SA, the remote patient monitoring and biosensing software company, recently announced the closing of a $4.3 million round of seed funding led by digital health investor, SeedLink, with additional funding from LabCorp, Athensmed, Swiss-based Privilege Ventures, and other European and US investors. Biospectal will leverage the new funds to scale its OptiBP smartphone blood pressure monitoring application and data platform technology worldwide. View a short video of how Biospectal OptiBP works here. (Eliott Jones, SV)
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Choice in Aging's Learning Division Named "Best of the Bay"
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For the third consecutive year, Choice in Learning, part of Choice in Aging, has been voted best of the bay by Parents' Press - named 2021's best Montessori Preschool, Independent Preschool, and Childcare. Meanwhile, watch recent episodes of "Dishing with Debbie" here, a video series in which CEO Debbie Toth speaks with guests on relevant topics. (Debbie Toth, OAK)
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Cigna + Oscar Expands Convenient Access to Virtual Primary Care
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Cigna and Oscar Health, Inc. announced that they are launching Oscar Virtual Primary Care on select Cigna + Oscar plans, beginning in 2022, available to small businesses in Tennessee and Georgia. Oscar's Virtual Primary Care is powered by a versatile and comprehensive care model that spans virtual and in-person touch points and can help members manage chronic conditions, receive preventive care, coordinate specialty care, and lower overall costs for both the member and the small business owner. (Chris De Rosa, OC)
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Covered California Announces 2022 Plans: Full Year of American Rescue Plan Benefits, More Consumer Choice and Low Rate Change
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Covered California announced its plans and rates for the 2022 coverage year, which will include a full year of lower premiums under the American Rescue Plan. The new and expanded financial help provided by the law has led to a record 1.6 million people enrolled in Covered California, which contributes to the state having one of the healthiest consumer pools in the nation, resulting in a low rate change for a third straight year. (Kathy Keeshen, JD, SF)
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Elemeno Health Raising Growth Funds on StartEngine + Signs Major Channel Partnership
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Elemeno Health recently launched a fundraising campaign on StartEngine and so far has raised over $723,400 from 104+ investors.
Also, Elemeno announced its first major channel partnership - with the National Perinatal Information Center, which represents 90 major perinatal hospitals across the US, and which will market Elemeno to their clients with an associated revenue share. "With this raise, we are leveraging our learnings from the past 3 years to optimize our platform for scalability, simplify and accelerate client onboarding, and improve margin. And that sets us up to multiply our channels and resultant sales," Elemeno added. (Arup Roy-Burman, MD, OAK)
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GeBBS Healthcare Acquires Aviacode & Earns HITRUST CSF Certification
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GeBBS Healthcare Solutions announced the acquisition of Aviacode, a Salt Lake City-based provider of medical coding and compliance services to hospitals and physician groups - part of GeBBS' growth strategy, supported by its investors, ChrysCapital. Aviacode clients will benefit from GeBBS' end-to-end RCM services, workflow/automation tools, and large geographic footprint. And GeBBS will expand its US-based delivery capabilities and medical coding/audit/CDI services portfolio.
Also, GeBBS's iCode platform and SaaS applications, along with its supporting infrastructure, have earned Certified status for information security by HITRUST and received certification against the NIST Cybersecurity Framework, which consists of standards, guidelines, and best practices to manage cybersecurity risk. (Gabe Stein, LA)
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HumanGood Teams with Wilshire Health + Wins Awards
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Judson Terrace Homes and Judson Lodge, HumanGood affordable housing communities in San Luis Obispo, CA, have partnered with Wilshire Health and Community Services to deliver in-residence medical care for residents. Resident service coordinators at both communities coordinate care with Wilshire Health. Program costs are covered through Medicare/Medi-Cal and the residents' medical insurance.
Meanwhile, HumanGood received honors in several categories from the 2021 National Mature Media Awards and HumanGood was named a recipient of NRC Health's third-annual award recognizing senior living organizations for delivering exceptional customer and employee experiences. (Tara McGuinness, OAK)
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Kaiser Permanente Hospitals Among Nation's Best + Tops 2021 U.S. Consumer Net Promoter Scores
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Kaiser Permanente (KP) hospitals are among the best in the nation for delivering high-quality care, according to U.S. News & World Report's 2021-22 Best Hospitals rankings. All 39 KP hospitals are "high performing" for 1 or more measures; 19 KP hospitals in California are ranked among the best in the state for overall care.
Also, when it comes to the most highly recommended health plan, KP is number one, according to the NICE Satmetrix 2021 U.S. consumer Net Promoter Score Benchmarks study. For the 11th year in a row, KP rated highest in the annual study of health plan providers, receiving a Net Promoter Score of 48, nearly double the industry average of 27. In addition, KP's 2021 score is 14 points higher than its score of 34 last year. (Marcos Vasconcelos, OAK)
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King & Spalding Among Most Recommended + Announces Upcoming Healthcare Events
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BTI Consulting Group has named King & Spalding (K&S) among the top 11 firms most frequently recommended by top legal decisionmakers. BTI conducted 350+ interviews of in-house leaders at large companies with $700+ million in revenue to learn which law firms they would be most likely to recommend to their peers.
Meanwhile, on September 9-10, K&S will host its virtual 14th Annual Medical Device Summit, and on Sept. 20, will host its 30th Annual Health Law & Policy Forum (more details to come).
And, on August 26, K&S will hold a webinar - Post-Acute Care False Claims Act Trends, which will explore recent government enforcement trends and current scrutiny of post-acute providers, including hospice, home health, SNFs, and inpatient rehabilitation facilities. (Marcia Augsburger, JD, SF)
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LigoLab's TestDirectly Offers Direct-to-Consumer Business Model
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MedWand Projected to "Revolutionize the Healthcare Industry"
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TechRound featured MedWand in a recent article - The Future of TeleMedicine Includes Physical Exams Thanks to Award-Winning Start-up: MedWand, which includes: "Created by a primary care physician and a team of expert medical device engineers, the award winning, one-of-a-kind, clinical-grade telemedicine device, MedWand, is projected to revolutionise the healthcare industry. Housing up to 10 diagnostic tools in one device, MedWand is not only leading the way for the future of virtual healthcare, but the company also provides what is currently missing in telehealth - physical exams. When conceiving which diagnostics would go into MedWand, the MedWand team selected tools most commonly used in the specialty of family medicine, designed to make the job of primary care clinicians easier and healthcare more accessible. (Bob Rose, OC)
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Mission Hospice Offers Classes on Advanced Healthcare Directives & Healing Touch + Announces Fall Gala
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On August 19 and Aug. 26, Mission Hospice will present a free online class - Take Charge! - Guided Advance Care Planning, in which participants will learn more about advance health care directives and the steps to take to help get the care you want, based on what matters most to you.
And, on Aug. 21, Mission will present Healing Touch Level 1 Training, which provides training in a gentle, complementary energy-based approach to health and healing.
Meanwhile, save October 9th for Mission Hospice Auxiliary's virtual fall gala - Diamonds & Denim. (Dolores Gomez, SF)
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Nelson Hardiman Interviewed on Legality of Vaccine Mandates & on "Next Opioid Legal Frontier"
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Spectrum News recently turned to Nelson Hardiman's Harry Nelson for answers on the legality of vaccine mandates - in this video.
And, Bloomberg Law interviewed Harry regarding the J&J and three opioid distributors' $26 billion deal to resolve thousands of lawsuits over their role in the addiction crisis. The deal shifts the focus to major pharmacies and may also offer a glimpse into the future of opioid cases. "We haven't seen historically, in previous drug litigation, major action against the distributors," said Harry. (Harry Nelson, JD, LA)
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PreludeDx & GenesisCare Form Precision Medicine Global Partnership; PreludeDx Nominated for Award
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GenesisCare, a leading global provider of integrated cancer care, has taken a minority equity position in Prelude Corporation (PreludeDx), a leader in molecular diagnostics and precision medicine. The investment represents the second partnership for the two companies - it follows the clinically-led strategic partnership to rapidly increase patient access to a new risk assessment tool, DCISionRT, for patients with ductal carcinoma in situ globally. The investment will accelerate the global data registry established by both companies, expand the rollout of DCISionRT to patients in need, and fast-track the active development of a new early-stage invasive breast cancer assay by PreludeDx.
Also, PreludeDx's Co-Founder and Chief Scientific Officer, Dr. Troy Bremer, has been nominated for the Orange County Business Journal's 2021 Innovator of the Year Award, which celebrates OC innovators who are creating game-changing ideas, processes, products, services and business models. (Dan Forche, OC)
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Providence Digital Innovation Group Discusses Behavioral Health Solutions
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Providence Digital Innovation Group (DIG) recently hosted a live online discussion, "It's Behavioral Health's Time, Finally," available to watch here. Providence reports that roughly 1 in 5 people will have a behavioral health need each year, and COVID-19 has caused those numbers to increase. This discussion shares how the Providence DIG is working on solutions to keep up with the need. (Marcee Chmait, LA)
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Royal Ambulance Helps El Camino Health Improve Discharges Before Noon
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Royal Ambulance recently announced, "We are proud of the work that our Customer Success team did in partnership with El Camino Health (ECH) and our post-acute partners to help ECH improve their discharge before noon! Through our collaboration, ECH increased their discharge to SNF before noon by 33 points in less than one year, resulting in nearly $300K saved annually due to reduced bed hours."
Meanwhile, in WorkSpace Connect's recent article - Giving Employee Experience the Royal Treatment - an HR exec for Royal Ambulance shares how the company uses Workplace from Facebook as a platform for communications, collaboration, connectivity, and community. (Steve Grau & Cecile Currier, SV)
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Satellite Healthcare Named a Best Company for Women to Advance
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Satellite Healthcare has been named to the Parity.org "Best Companies for Women to Advance List 2021," for the second consecutive year. Companies on the 2021 list share many common best practices that are known to support women, such as work-from-home or telecommuting options (97%), flexible work hours (94%), and equal paid family leave for men and women (88%). Nearly every company on the List measures and reports on gender parity to the executive team (97%), and regularly communicates their gender-parity values to employees, encourages men to take their full family leave, and has a zero-tolerance policy for harassment. (Jim Glafkides, SV, and Bernadette Vincent, OAK)
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Savi Group Suggests Solutions for Avoiding Physician Burnout
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In How Physician Burnout Hurts Medical Practices, Savi Group identifies many negative effects of burnout and declares that for physicians and medical practice managers, it's essential to define clear work responsibilities among internal staff. Taking the time to think about who should do what and why can be tremendously beneficial in avoiding burnout within the organization. Physicians also need support within the healthcare industry when facing mental struggles, stress, and anxiety. It can be difficult to rise out of depression, especially when you are afraid of potentially losing your medical license. A supportive and understanding network is vital in helping doctors struggling with burnout. (Sumit Mahendru, OC)
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VivaLNK Spotlighted in Business Insider Article
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A recent Business Insider article - 5 examples of popular wearable devices in healthcare - features VivaLNK and its ECG monitor, which records data on heart rate, RR interval, and respiratory rate, designed for in-clinic and remote patient monitoring applications. Business Insider reports that more than one-fifth of the US population is expected to use a smart wearable device this year. (Jiang Li, Ph.D., SV)
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Wipfli Earns Recognitions & Announces Upcoming Healthcare Events
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Wipfli LLP was named 2021 Microsoft Nonprofit Partner of the Year, selected among a global field of top Microsoft partners for demonstrating excellence in innovation and implementing customer solutions based on Microsoft technology.
Also, for the 10th year in a row, Wipfli has been named to the Bob Scott's Top 100 VARs list, which are chosen from organizations specializing in the sale and implementation of enterprise resource planning and accounting software, and based on annual revenue generated by each reseller.
Meanwhile, Wipfli:
>> Published 5 strategic steps to meet looming HHS reporting deadline;
>> Will host a webinar on August 17: Financial planning strategies for busy healthcare professionals - New ways to manage your financial well-being; and
>> Will present Critical Access Hospital & Rural Health Clinic Conference, an in-person event in Reno, NV, on September 14-16. (Jeff Johnson, John Dao, & Steve Rousso, OAK)
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