Oscar Health files registration statement for billion dollar IPO
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- Published: 22 February 2021 22 February 2021
Oscar Health (Oscar) has filed an amended registration statement on February 22, 2021 for a proposed initial public offering (IPO) of 31,000 Class A shares. The company describes itself as having “one foot in consumer technology and the other in health care”. Oscar had 529,000 members as of 1/31/2021, serving 291 counties across 18 states. Its members had five million health care visits in 2020, and as of 1/31/2021, its average individual per member/per month (PMPM) direct policy premium was $515. Its draft prospectus emphasizes its full stack technology platform and member engagement engine as key strategic assets.
ONC holds webinar to explain information blocking rules
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- Published: 14 February 2021 14 February 2021
The Office of the National Coordinator for Health Information Technology (ONC) held a webinar on February 4, 2021 to discuss ONC’s plans to develop industry guidance on the information blocking regulations adopted pursuant to the 21st Century Cures Act (the Cures Act). ONC has posted a collection of materials on all the Cures Act rules, and plans to develop a web page specific to the information blocking prohibition. Meanwhile, ONC is working on several outreach initiatives, including developing a presentation that would provide continuing medical education (CME) credit on information blocking. ONC encourages the public to use the Health IT Feedback and Inquiry Portal to submit requests for clarification, and may develop additional Frequently Asked Questions (FAQs) based on common themes. The Portal can also be used to report suspected instances of information blocking.
AMA, ACP, APA and others provide information blocking resources
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- Published: 09 February 2021 09 February 2021
The Department of Health and Human Services (HHS) information blocking rules come into effect on April 5, 2021. These rules prohibit health care providers and developers of health information technology (HIT) from unreasonably restricting rights to access, exchange or use electronic protected health information (EPHI). These are complex rules which will impose new compliance obligations on physician practices, hospitals and other providers. To assist in developing appropriate policies and procedures, a group of industry leaders has compiled several compliance resources. Participants include the American Medical Association, the American College of Physicians, the American Psychiatric Association, and the Medical Group Management Association, among others.
ONC recommends standards development to support Precision Medicine Initiative
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- Published: 01 February 2021 01 February 2021
The Office of the National Coordinator for Health Information Technology (ONC) recently published a report of the Advancing Standards for Precision Medicine (ASPM) project team. Precision medicine moves beyond standardized approaches to healthcare delivery to tailor treatment and prevention strategies based on an individual’s unique characteristics, including environment, lifestyle and biology. The ASPM project supports the All of Us research program of the National Institutes of Health (NIH) by identifying health data needs required to advance precision medicine. The ONC report identifies two priority data classes: mobile health, sensor and wearable data; and social determinants of health (SDH) data.