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Health IT Firms Could Be Fined Up to $1M for Info Blocking Starting 9/1

Beginning September 1, HHS’ Office of the Inspector General will begin enforcing the anti-information blocking regulations laid out in the 21st Century Cures Act. EHR vendors are the entities that are most at risk of being fined — they could face penalties up to $1 million.
Troy Bannister Office Of The Inspector Particle Health Inspector General Century Cures Century Cures Act

Hospitals' Operating Margins Fell In July After 4 Months of Growth

Hospital finances worsened in July as volumes dropped, according to a new report. Following four months of growth, hospitals' median year-to-date operating margin index fell 1.3%, down from 1.4% in June. Hospital finances still remained in a better place than they were last year, given hospitals’ median operating margins were -0.98% in July 2022.
Kaufman Hall Erik Swanson Weight Loss Medical Devices Healthcare Innovation Medcity News

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The Inflation Reduction Act's Impact on Drug Development for Rare Diseases

Despite these wins for many patients, the new law is already impacting the discovery and development of new drugs for people living with orphan diseases. Not only are drugs that could treat more than one disease being disincentivized, small molecule medicines, which play an important role in treating neurological disorders, cancers, and other diseases, may also be disadvantaged by the law.
Inflation Reduction Act Weight Loss Medical Devices Healthcare Innovation Medcity News Medcity News

Bayer Pushes Ahead With Parkinson's Cell Therapy on Heels of Positive Phase 1 Data

A Bayer cell therapy for Parkinson’s disease has met primary and secondary goals of its first test in humans, and the pharmaceutical giant is now planning for a larger Phase 2 clinical trial expected to begin enrollment in the first half of next year.
United States Claire Henchcliffe Movement Disorders International Congress University Of California Bluerock Therapeutics

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