Industry Trends

The data that was compromised varies by individual, the hospital said, but may have included names, addresses, phone numbers, dates of birth, Social Security numbers, health insurance information, medical record numbers, patient account numbers, dates of service and limited information about treatment.

The findings counter the industry narrative that the pandemic left many facilities in the red and grappling with the surging costs of care amid supply chain and labor shortages.

Activity in the second quarter was 8% higher than in the first quarter, when 646 transactions were announced. However, it is a drop of 7% compared with activity in the second quarter of 2022, when 748 deals were announced.

The goal is to assess the clinical benefits and economic impact of digital health solutions, along with an offering’s effects on health equity, privacy and security.

Armed with anywhere between $2 trillion and $4 trillion of “dry powder”—with about half of that targeted to healthcare—private equity firms have a lot of capital to put to work. One area receiving interest is the ear, nose, and throat and allergy field.

Digital health network Avia formed the Generative AI Strategic Collaborative with the American Hospital Association and others to address topics such as AI opportunities, risks, data ownership, privacy concerns, regulations, and ethics.

Practices getting experience in value-based care now will benefit down the road, he says.

Overall, the quarter saw at least 29 transactions across all home-based care sub-sectors, according to a recent report from M&A advisory firm Mertz Taggart.

One specific concern is that startups may be reluctant to seek relationships with banks similar to SVB and First Republic due to worries over future failures and loss of capital.

The Detroit-based health system said the unauthorized party conducted a phishing scheme March 30 to access its business email accounts. The accounts contained patients' protected health information in its email boxes, according to a July 14 breach notification from Henry Ford.