Business Management

Hospitals are receiving $30 billion in CARES Act funding by direct deposit

"@HHSGov  is beginning the immediate distribution of $30 billion to hospitals and healthcare providers ..." HHS Sec. Alex Azar tweeted. “@HHSGov is beginning the immediate distribution of $30 billion to hospitals and healthcare providers …” HHS Sec. Alex Azar tweeted.

The Centers for Medicare and Medicaid Services has announced the release of $30 billion of the $100 billion earmarked for hospitals in the Coronavirus Aid, Relief and Economic Security Act.

This money is separate from $34 billion in advance payment loans to providers announced last week. CMS later increased the amount in the Accelerated and Advance Payment Program to $51 billion.

Hospital and provider groups are calling for the release of all of the funding, and those representing essential hospitals

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Business Unit

Coronavirus LIVE updates: Govt says 179 cured in a day, death toll is 339

Coronavirus cases in India: Prime Minister Narendra Modi today extended the nationwide lockdown till May 3 in order to prevent spread of coronavirus. The total number of confirmed corona cases in India has reached 10,541, and fatalities 358, according to Worldometer. 

In a nearly 25-minute televised address to the nation, Modi said implementation of the lockdown will be strictly ensured in its second phase and detailed guidelines will be brought out on Wednesday to ensure that outbreak does not spread to new areas.

Some relaxations may be allowed after April 20 in places where there are no hotspots, he

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Business Value

To weather long-term changes to healthcare due to COVID-19, CFOs need an action plan

CFOs are mobilizing their organizations now to develop a strategic action plan to ensure their hospitals can keep their doors open.

Dan Michelson, CEO of Strata Decision Technology, said the COVID-19 crisis will likely push hospitals and health systems into a rolling financial forecasting mode of doing business — not just now, but in the future.

With a ton of healthcare industry data being funneled through Strata, Michelson looked at the numbers to see if hospitals are being reimbursed at the right level.

“Our analysis is that they’re not,” he said. “For the long-term impact, there’s no question it falls

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Business Consultant

Zoom Offers Regional Data Centre Choices, as Bans Grow

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Unauthorised data across all free and priced accounts will be prevented from routing through China.

Zoom will offer paying customers a choice of geographical region (in which their call data is handled) amid a spate of high profile bans driven by security concerns.

From April 18, Zoom will let paying customers choose from data centres in Australia, Canada, China, the EU, India, Japan/Hong Kong, Latin America or the US.

Chinese servers meanwhile will be geofenced to avoid their use by customers not explicitly opting in, the company said, after a storm over traffic getting routed through China. 

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Business Express

405 New Oracle Security Patches to Land

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273 vulnerabilities are remotely exploitable without authentication…

Oracle users, brace yourselves: an eye-watering 405 new security vulnerabilities need patching, with the avalanche of software updates arriving later today (April 14, 2020).

Over half of them, or a total of 273, are potentially remotely exploitable without authentication, Oracle warned – suggesting some major patching sessions ahead.

The release is part of the company’s quarterly set of security advisories, with initial details provided by the company so customers can assess whether they are impacted.

Among them, a chunky 34 new security patches for Oracle’s suite of financial services applications,

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