HCA Healthcare Returning $6 Billion In Federal Coronavirus Aid

It’s rare when a company returns federal money. It’s rarer still when that money amounts to billions of dollars. Yet that’s the situation with top U.S. hospital operator HCA Healthcare (NYSE:HCA), which aims to return gobs of government largesse from whence it came.

All told, HCA announced that it’s planning to return roughly $6 billion, $1.6 billion of which consists of federal COVID-19 grants and $4.4 billion in Medicare loans. Both were provided as part of the government’s Coronavirus Aid, Relief, and Economic Security Act (CARES) passed in the early stages of the current pandemic.

HCA benefited from the loans and grants bestowed upon operators of healthcare facilities to help keep them afloat.

The company will pay those funds back because it continues to thrive, even though many elective surgeries have been postponed or canceled in the face of the coronavirus.

Last week HCA published a “preview” of its Q3 of fiscal 2020 results, indicating year-over-year revenue growth approaching 5%, to an estimated $13.3 billion. It is also projecting only a relatively modest drop in profitability, with non-GAAP (adjusted) EBITDA — earnings before interest, taxes, depreciation, and amortization — sliding to around $2.03 billion from the year-ago result of almost $2.29 billion.

“During the early days of the pandemic, the Company took a conservative approach which included a number of actions to meet the operational and financial challenges this global health crisis was expected to present,” HCA explained in the press release heralding the preliminary Q3 figures.

The company did not provide a timetable as to when it would repay the federal grants and loans.

Tuesday was a good day for HCA stock; it rose by almost 2.1%, against the 0.6% drop of the S&P 500 index.

This article originally appeared in the Motley Fool.

Eric Volkman has no position

Developing Effective Healthcare Software Solutions Is Different From The Process Of Traditional Software Development

Technology has stepped into almost each and every industry. Technology makes our life easier and simpler. It helps us in efficiently managing tasks. Technology has touched almost every field, from logistics, entertainment, and law, to catering, etc. The healthcare industry is not far away from its touch either.

The healthcare industry is quick to realize the importance of technology. Industries are embracing technology as well as the advancement in technology. We are residing in a cut-throat competitive world, to which technology gives that much-needed edge. Technology is known to reshape the working of industries. Healthcare industries use technology to not only reduce their workload but also to accelerate their performance. Healthcare application development is one of the important solutions.

According to a survey, the market will grow at a CAGR of 5.8 percent to reach $19.3 billion by 2025. Unsurprisingly, the segment is enormous, commanding a huge market share of close to 31 percent.
Developing effective healthcare software solutions is different from the process of developing traditional software. An effective healthcare software solution requires an in-depth analysis, understanding, and implementation of technology. The demand for healthcare application development is increasing with each passing day. Get a deeper insight into it below:

What Is Traditional Software Development?

Traditional software development refers to the software development process in which simple software is designed. This development process is used when integrating advanced technology is not important. It provides simple solutions and not dynamic solutions. It is great for beginners.

What Are Effective Healthcare Software Solutions?

Effective healthcare software solutions refer to developing dynamic solutions intact with all advanced technology. The healthcare industry is quick to adopt advanced technology with the help of healthcare software development. With effective healthcare software solutions, it is possible to deliver better care to patients. A report says that

Broadband Internet Pilot to Support Access to Healthcare, Jobs and Education for Thousands in Rural Virginia

– Projects in the Northern Neck, Surry and Botetourt counties will help bridge the digital divide in Virginia through partnerships with Internet Service Providers

– Pilot projects will help improve economic and education opportunities related to broadband access in unserved areas of Virginia, if approved

– Dominion Energy Virginia to serve as middle mile provider, enabled by the Grid Transformation & Security Act of 2018

RICHMOND, Va., Oct. 9, 2020 /PRNewswire/ — Residents in rural parts of Virginia could gain access to broadband internet critical for jobs, healthcare and education under three pilot projects proposed Oct. 1 by Dominion Energy Virginia.  


(PRNewsfoto/Dominion Energy)

Thanks to support from the Virginia General Assembly and collaboration with electric cooperatives and Internet Service Providers, the proposed Rural Broadband Pilot projects would extend broadband internet to citizens in Surry County, Botetourt County and the Northern Neck, if approved by the State Corporation Commission. The proposal includes nearly 300 miles of middle-mile fiber and would cost approximately $29 million to construct.

“With so many Virginians working and learning from home due to COVID-19, access to reliable internet is an absolute necessity,” said Ed Baine, president of Dominion Energy Virginia. “We hope these partnerships are the first of many, and we’re optimistic about how much these efforts could help communities here in our home state.”

More than 500,000 Virginians still live without easy access to high-speed internet. Extending broadband internet access would support economic development, social equity, public safety, educational opportunities, and healthcare services for citizens of the Commonwealth.

In rural areas, it’s not cost effective for Internet Service Providers to lay the fiber necessary to reach less-populated communities with broadband internet. Dominion Energy is in a unique position to help bridge the digital gap. The company is installing new infrastructure as it moves forward

UCSF, Fortanix, Intel, and Microsoft Azure Utilize Privacy-Preserving Analytics to Accelerate AI in Healthcare

UC San Francisco’s Center for Digital Health Innovation (CDHI), Fortanix, Intel, and Microsoft Azure today have formed a collaboration to establish a confidential computing platform with privacy-preserving analytics to accelerate the development and validation of clinical algorithms.

The platform will provide a “zero-trust” environment to protect both the intellectual property of an algorithm and the privacy of healthcare data, while CDHI’s proprietary BeeKeeperAI will provide the workflows to enable more efficient data access, transformation, and orchestration across multiple data providers.

Gaining regulatory approval for clinical artificial intelligence (AI) algorithms requires highly diverse and detailed clinical data to develop, optimize, and validate unbiased algorithm models. Algorithms that are used in the context of delivering healthcare must be capable of consistently performing across diverse patient populations, socioeconomic groups, geographic locations, and be equipment agnostic. Few research groups, or even large healthcare organizations, have access to enough high-quality data to accomplish these goals.

“While we have been very successful in creating clinical-grade AI algorithms that can safely operate at the point of care, such as immediately identifying life-threatening conditions on X-rays, the work was time consuming and expensive,” said Michael Blum, MD, associate vice chancellor for informatics, executive director of CDHI and professor of medicine at UCSF. “Much of the cost and expense was driven by the data acquisition, preparation, and annotation activities. With this new technology, we expect to markedly reduce the time and cost, while also addressing data security concerns.”

The organizations will leverage the confidential computing capabilities of Fortanix Confidential Computing Enclave Manager, Intel’s Software Guard Extensions (SGX) hardware-based security capabilities, Microsoft Azure’s confidential computing infrastructure, and UCSF’s BeeKeeperAI privacy preserving analytics to calibrate a proven clinical algorithm against a simulated data set. A clinical-grade algorithm that rapidly identifies those needing blood transfusion in the Emergency Department following trauma will

North America Healthcare Application Programming Interface (API) Market Report 2020 – Press Release

Dublin, Oct. 02, 2020 (GLOBE NEWSWIRE) — The “North America Healthcare API Market by Services, by End User, by Deployment, by Country, Industry Analysis and Forecast, 2020 – 2026” report has been added to ResearchAndMarkets.com’s offering.

The North America Healthcare API Market is expected to witness market growth of 5.6% CAGR during the forecast period (2020-2026).

Patient-centric healthcare is a developing value-based model for healthcare services, which has brought about an improvement in care quality, better results, and more prominent patient satisfaction. Developing focus on patient-centric healthcare delivery by means of application programming interfaces (APIs) has been noted over a few past years and the rise of a large group of services, for example, wearable medical gadgets and remote patient monitoring have prodded the demand for healthcare API solutions.

Expanding adoption of Application Programming Interfaces (API) coordinated Electronic Health Records (EHRs) that give straightforwardness and simplicity of healthcare data availability is driving the market development. Besides, improved patient results expanded patient satisfaction, and advancement in the care quality is driving the market expansion. Besides, expanding the requirement for healthcare integration is driving interest.

Incorporation of new work processes between the providers and the payers, the applications which can get to information from EHRs, wearables, and their services, consistent progress of care are some of the important factors expanding the adoption of healthcare API. Inside normalization for different items or work processes will help to effortlessly access the patient’s information.

Key Topics Covered:

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Competition Analysis – Global
3.1 Cardinal Matrix
3.2 Recent Industry