Splunk (SPLK) Rose on an All-Cash Acquisition Offer
Fred Alger Management’s Alger Mid Cap Focus Fund underperformed the Russell Midcap Growth Index in Q3 2023 as U.S. equities dipped after three strong quarters. Industrials and Consumer Staples were high contributors to overall performance. The fund has highlighted technology firm Splunk Inc., which recently received an acquisition offer from Cisco, among its top stocks. […]
A new era of age verification
Digital wallets and digital identities are emerging as safe, secure, and convenient methods of age verification, expected to be used by 6.5 billion people by 2026. They can share specific information based on what’s required, adding privacy. They offer robust security measures, including encryption, multi-factor authentication, and biometric verification, are easy to use, and provide […]
Hospitals Should Leave Hospitality to Hotels
The author criticizes the rising trend of American hospitals prioritizing luxurious amenities, likening them to hospitality or travel experiences for patients. This approach, she argues, has led to increased costs for patients while adding no substantial health benefits. Additionally, it places emphasis on services irrelevant to patient health, such as art collections or gourmet meals, […]
Looking Ahead to Regulatory Trends in Healthcare IT
The regulatory landscape in healthcare IT is continually evolving, with healthcare providers struggling to keep pace. The Office of the National Coordinator for Health Information Technology’s new continuous update model will force developers to adapt to yearly or biennial updates to maintain certification. Integrating AI, blockchain, and IoT devices into healthcare systems presents further challenges, […]
Automation in Healthcare Data Privacy and Compliance
Automation technologies are being harnessed to enhance data privacy and security, particularly in the healthcare industry. They are used for automated data classification, implementation of data access controls, monitoring and auditing of data privacy policies, and encryption and tokenization. Automation also aids in streamlining compliance, managing risk, ensuring transparent incident response and reporting for compliance […]
Novant Health to buy three Tenet hospitals in South Carolina for $2.4B
Tenet Healthcare has agreed to sell three of its South Carolina hospitals to Novant Health for $2.4 billion, with proceedings primarily going towards paying debt. Tenet’s financial services subsidiary Conifer Health Solutions will provide revenue cycle management for the hospitals under a 15-year contract. The deal is expected to close in Q1 2024.
NCQA Launches Virtual Care Accreditation Pilot
The National Committee for Quality Assurance (NCQA) is launching a Virtual Care Accreditation Pilot program to improve quality of healthcare delivered via telehealth or digital platforms. Eighteen organisations have been selected from over 100 applicants for the pilot and will provide input for the program’s development. The program initially focuses on primary and urgent care, […]
Mayo Clinic posts $4.5B in operating revenue for Q3
Mayo Clinic has posted an 8.2% YoY increase in operating revenue to $4.5 billion in Q3, with operating income of $302 million, as outpatient visits and surgical procedures increased. The performance marks the third quarter Mayo has posted net income following struggles last year, despite enduring a 37% YoY increase in contract labour costs in 2022. […]
Pendle councillor in ‘misogyny’ row breached code of conduct – but will not face sanction
Conservative councillor Sarah Cockburn-Price breached a conduct code by accusing Liberal Democrat councillor David Whipp of misogyny, but won’t face any sanctions, according to a ruling by a standards committee. Cockburn-Price claimed Whipp had been harassing her during meetings, but the independent investigation found no evidence to support her claims. Whipp denied the allegations and […]
Samsung UK discloses year-long breach, leaked customer data • The Register
Updated The UK division of Samsung Electronics has allegedly alerted customers of a year-long data breach – the third such incident the South Korean giant has experienced around the world in the past two years. An email to customers, shared on social media by web security consultant and Have…
