1LifeHealthcare, parent company of One Medical, reports a Q1 loss of $39.3 million, offset by a 54% jump in Q1 revenue, no doubt attributable to its 31% increase in membership. The company, which went public in January, was accused several months later of offering COVID-19 vaccines to ineligible patients, including some with ties to company leadership in several states. The accusations, spurred on by an NPR report, prompted the House Select Subcommittee on the Coronavirus Crisis to launch an investigation in March into the primary care company’s vaccination practices, the results of which have not yet been released.
June 3 (Thursday) 2 ET: “Diagnosing the Cures Act – Practical Prescriptions for Your Success.” Sponsor: Secure Exchange Solutions. Presenters: William E. Golden, MD, MACP, medical director, Arkansas Medicaid; Anne Santifer, executive director, Arkansas Department of Health – Office of Health Information Technology; Kyle Meadors, principal, Chart Lux Consulting. A panel of leading experts will provide practical guidance on how to prepare for the Cures Act. Will it upend your business model? What is information blocking? How can standardized technologies be applied to meet Cures Act requirements? What must I do now as well as in the next five years?
Acquisitions, Funding, Business, and Stock
Automated medical transcription startup DeepScribe raises $5.2 million in a seed funding round. The company’s technology, developed by two of its co-founders while they were at UC Berkeley, also leverages speech recognition capabilities from IBM and Google.
Prescription savings and telemedicine company GoodRx acquires competitor RxSaver from Vericast for $50 million. The company, which went public last September, last week reported a 20% increase in Q1 revenue to $160.4 million.
TCS Healthcare Technologies names Kerry Winkle (Beacon Healthcare Systems) chief growth officer, and promotes Matt Fahner to chief product officer.
Announcements and Implementations
Professional Physical Therapy begins offering its patients on-demand, in-home physical therapy through Luna and its patient-matching software.
Government and Politics
Health officials in Nova Scotia will launch a pilot program to offer patients without a designated primary care physician access to a virtual care program powered by telemedicine company Maple. The region is experiencing a shortage of PCPs. Over 65,000 patients report being without a designated physician.
In Delaware, Sussex County Department of Libraries converts its Bookmobile to a mobile COVID-19 vaccination clinic with help from local emergency services and Beebe Healthcare. The county’s library department is no stranger to combining healthcare with its services: It installed telehealth kiosks at several branches earlier this year.
- EClinicalWorks posts a new episode of its podcast titled “How Software Updates Promote Usability and Patient Safety.”
- Healthwise partners with the City of Boise, Idaho to develop and open the Hillside to Hollow Reserve and trailhead.
- Big data and interoperability: The keys to better healthcare interactions (Nordic)
- PCMH: Putting Patients at the Forefront of Healthcare (EClinicalWorks)
- An enterprise roadmap to data conversions (Nordic)
- Honoring Nurses of Note 2021: Vera Hall, SVP/Chief Nursing Executive, St. Elizabeth Healthcare (PerfectServe)
More news: HIStalk.