Latest / Becker’s Healthcare Digital Health + Health IT / Waystar fights lawsuit after buying Olive AI, Epic accused of patent infringement + more

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Waystar fights lawsuit after buying Olive AI, Epic accused of patent infringement + more · Becker’s Healthcare Digital Health + Health IT

• 0:00
  - Welcome to the Becker's Healthcare Podcast.
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  Without further ado,
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  here is your daily industry news briefing for today,
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  January 22nd.
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  First, executive leaders
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  and board members at some
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  of the largest US health systems said that AI
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  and new technologies were the top risks
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  they were most concerned about.
• 0:49
  In 2024, according to a January 22nd report from Kodiak,
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  Kodiak identified keyed management risk
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  by conducting interviews with executive leaders
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  and board members and major US health systems
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  and perform risk assessments at hospitals, health systems,
• 1:05
  medical practices,
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  and various healthcare provider organizations.
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  The company found that the top risk
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  for these individuals are AI
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  and new technologies, competition, cybersecurity,
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  and data privacy, financial performance, and workforce.
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  Second, Waystar is fighting a lawsuit from an Ohio economic
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  development organization over its purchase of Olive ai.
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  Columbus first bus Columbus business first reported
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  the Revenue Cycle Management company bought some
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  of the assets of the now defunct startup in October,
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  jobs Ohio, then sued Waystar
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  and another olive buyer, Humana Health seeking reimbursement
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  for the 598,000 in training
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  and recruitment funding it gave Olive,
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  which missed the agreed upon hiring targets.
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  According to the January 17th story,
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  olive shut down in October selling its data clearinghouse
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  and digital insurance determination units
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  to waystar a revenue cycle management firm for $10 million
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  and its prior authorization business
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  through the newly launched Humana for 1.25 million
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  business first reported in December.
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  Olive have previously sold its utilization management arm
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  to ability another revenue cycle company
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  for nearly 35 million.
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  Waystar said in response to the complaint quote,
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  jobs Ohio can seek to recover from olive ai.
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  The money that Waystar paid Waystar was unaware of all
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  of AI's purported obligation to Jobs Ohio
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  until it was served with a complaint in the lawsuit.
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  Accordingly, Waystar acquired the assets from all
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  of AI in good faith and without intent to defraud harm or
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  otherwise impact Jobs Ohio.
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  And quote in the lawsuit,
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  jobs Ohio called the Asset Sale a fraudulent convenience
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  to get out of paying the private nonprofit back.
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  According to the news outlet, a judge extended
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  - The deadline for Humana to submit its response.
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  Olive was once valued at 4 billion
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  and raised more than 850 million in venture capital funding.
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  It had more than 900 hospital clients. In 2021.
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  Third, EHR vendor Epic Systems is facing a patent
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  infringement lawsuit over its patient portal software.
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  MyChart Syn Cloud Technologies filed the lawsuit in the
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  Western district of Wisconsin alleging
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  that Epic's MyChart uses similar software
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  as the one listed in its US patent.
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  According to a January 7th suit obtained by Becker's,
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  specifically, syn Cloud Technologies states
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  that Epic has infringed on the patent by creating,
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  having others create, using, selling
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  and offering for sale their MyChart product.
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  The accusation also includes situations
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  where Epic tests its products
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  or provides cloud-based hosting services
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  to healthcare providers.
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  Skin Cloud, syn Cloud is seeking a trial by jury according
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  to the suit Epic told Becker it does not have
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  comment on the lawsuit.
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  through the 11th in Chicago.
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  to reserve your spot today.