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Morning Brew April 19, 2024

Healthcare Brew

Thoropass

It’s Friday, Friday! Hospitals reported the strongest quarter of mergers and acquisitions since 2020, according to consulting firm Kaufman Hall. Four of the 20 announced transactions in the first quarter of 2024 were “megamergers” and brought in $12 billion in revenue in that time period, per the firm’s analysis. The era of consolidation is here.

In today’s edition:

Drug shortages

Expansions galore

🧃 Making Rounds

—Maia Anderson, Quinn Sental

FDA

Record breaking

Blue and white capsules on a conveyer belt Sweetbunfactory/Getty Images

The number of active drug shortages in the US has hit an all-time high, according to data professional group the American Society of Health-System Pharmacists (ASHP) released on April 11.

There are 323 drugs in shortage, beating out the previous record of 320 in 2014, according to ASHP, which tracks drug shortages in partnership with the University of Utah. The most “worrying” shortages include chemotherapy drugs, generic sterile injectable drugs, and emergency drugs found in hospital crash carts, ASHP CEO Paul Abramowitz wrote in a letter to the organization’s members.

While it’s not clear why so many drug shortages aren’t resolving, Erin Fox, associate chief pharmacy officer of shared services at the University of Utah Health in Salt Lake City, previously told Healthcare Brew the shortages are likely due to a lack of financial incentives for drug manufacturers to boost production.

Keep reading here.—MA

Do you work in healthcare or have information about the industry that we should know? Email Maia at [email protected]. For confidential conversations, ask Maia for her number on Signal.

   

PRESENTED BY THOROPASS

Trust or bust

Thoropass

HITRUST is quickly becoming the compliance gold standard for healthcare tech companies—but getting HITRUST-certified is no small task. Fear not, healthcare pros. Thoropass's new guide covers everything you need to know.

Why get certified in the first place? HITRUST’s robust security controls and assessment levels help organizations show their commitment to protecting health data. In a crowded and competitive marketplace, this certification can help you stand out from the crowd.

Whether you’re looking to achieve e1, i1, or r2 compliance, the guide digs into what you need to get compliant—fast. Learn about:

  • the benefits of HITRUST certification
  • what to expect from the certification process
  • which assessment type is right for your organization

Read the full guide here.

DIRECT CARE

Walmart Health expansion

Illustration of people walking around a stethoscope. Mathisworks/Getty Images

Texas and Missouri will soon have about two dozen Walmart health centers, the retail giant announced this month, adding to its 50-site roster.

The company plans to open eight clinics in the Houston metro area, 10 sites in the Dallas-Fort Worth area, and four facilities in Kansas City by the end of 2024, Modern Healthcare reported.

Walmart began opening health centers in 2019 around the US in Arkansas, Florida, Georgia, Illinois, Missouri, and Texas. Located next to Walmart Supercenters, the health centers offer primary care as well as dental and behavioral health services, among other treatments.

Keep reading here.—MA

   

WE’RE IN BIZ

Making Rounds

A woman with glasses smiles Renee Gorrell

On Fridays, we schedule our rounds with Healthcare Brew readers. Want to be featured in an upcoming edition? Click here to introduce yourself.

This week’s Making Rounds features Renee Gorrell, the library and information services director at the Goldfarb School of Nursing at Barnes–Jewish College, where she helps nursing students conduct research using the St. Louis college’s online library.

This interview has been lightly edited for length and clarity.

Can you briefly explain what you do?

I’m the library director at the Goldfarb School of Nursing. We have a student population of around 550. Those are undergraduates, master’s degree, and doctoral students.

Our library here is 100% online—we have over 10,000 full-text scholarly journals in healthcare and over 100,000 full-text books. It’s weird; we’re almost totally virtual and online. I think some of the college administration would love to make me into a hologram, but so far, I’m still flesh and blood.

Keep reading here.—QS

Do you work in healthcare or have information about the industry that we should know? Email Quinn at [email protected]. For confidential conversations, ask Quinn for their number on Signal.

   

TOGETHER WITH PAYLOCITY

Paylocity

More than a Band-Aid solution. The healthcare industry comes with its own set of challenges, and it can be tricky to figure out how to tackle ’em from an HR standpoint. Paylocity’s brand-new guide explains how medical clinics and healthcare facilities can leverage modern tech to overcome five HR challenges. Get the deets.

VITAL SIGNS

A laptop tracking vital signs is placed on rolling medical equipment. Francis Scialabba

Today’s top healthcare reads.

Stat: UnitedHealth Group expects to lose up to $1.6 billion from the Change Healthcare cyberattack. (Reuters)

Quote: “Health equity does not exist in any state in the US.”—David Radley, a senior scientist at the health policy research nonprofit Commonwealth Fund, on a report he co-authored that found “deep racial and ethnic disparities” within health systems (Stat)

Read: A production problem with pharmaceutical giant Merck’s HPV shots means nearly 10 million girls globally won’t get vaccinated this year. (the New York Times)

Certified, verified: HITRUST certification is a serious undertaking for any organization, but it proves your org is committed to security. Thoropass's guide explains everything you need to know about getting certified. Get it here.*

*A message from our sponsor.

EVENTS

AI pulse

Bench to Bedside & Beyond: The Future of Health Tech MB

As AI and other groundbreaking advancements reshape patient care and business operations, staying ahead is essential. Join Healthcare Brew and industry experts to dissect the latest tech solutions. From macroeconomic trends to healthcare gamification, we’ll explore the evolving landscape, balancing priorities and reimagining strategies. Register now to secure your spot at the pulse of the health industry.

JOBS

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