coronavirus

3 Med Info Stocks to Improve Portfolio Health Amid Coronavirus Woes

Unlike other businesses, the initial phase of COVID-19 proved to be beneficial for the Medical Information industry that advanced on growing demand for digital healthcare support to control the spreading of the infection. This created unique opportunities for heavyweights within the industry like Cerner (CERN) whose AI-enabled workflow started to get huge industry acceptance.

However, the pandemic put a brake on the flow of seamless R&D operations within this sector.  Also, a gloomy second-quarter performance, along with many of the industry players’ apprehension about a ‘new great depression’ approaching has resulted in significant bearishness. The frontrunners in the industry are 10x Genomics Inc. (TXG), Allscripts Healthcare (MDRX) and NextGen Healthcare (NXGN).

About the Industry

The Zacks Medical Info Systems industry comprises companies, which develop and market healthcare information systems. They offer software and hardware solutions to healthcare providers with secure access to real-time clinical, administrative and financial data in a

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Wellesley Coronavirus Grants Fund New Technology At Nursing Home

WELLESLEY, MA — The latest round of grants from Wellesley’s coronavirus relief grant program awarded over $6,000 to a nursing and rehabilitation facility. Elizabeth Seton Residence in Wellesley was awarded $6,779 — the bulk of which will be used on new technology to keep residents connected but safe in the age of COVID-19.

This latest round of grants brings the total amount of money awarded by the COVID-19 Relief Fund to nearly $94,000 in 10 weeks.

The grant money for Elizabeth Seton Residence will pay for:

• Boogie Board Writing Tablets to help caregivers better communicate with residents. Wearing masks eliminates visual cues between nursing staff and residents and creates frustration. Grant money will purchase 86 tablets for resident rooms that can be quickly used to communicate information and needs. The tablets can also be easily sanitized.

• PockeTalkers and Headphones will enhance the quality of communication between residents and

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Hiring picks up in these industries as coronavirus layoffs ease and states reopen

Even with COVID-19-related layoffs at historically bleak levels, another trend is quietly taking root: Businesses are starting to hire again.

All 50 states have begun allowing nonessential businesses to reopen in phases, prompting restaurants, shops, hair salons and others to rehire at least some of the employees they laid off or furloughed to stem the spread of the coronavirus. Many small businesses have received federal loans that are forgivable as long as they retain or rehire staffers.

Yet job postings in those and other industries are also picking up, underscoring that firms are seeking to tap a broader pool of workers, including the roughly 30 million Americans who are unemployed. Meanwhile, hiring in fields that have benefited from the pandemic is surging.

The economy unexpectedly added 2.5 million jobs in May as employers rehired laid-off workers, the Labor Department reported Friday. Eight million payroll losses were expected. Although 9.3 million

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Medical Info Systems Outlook Bright Amid Coronavirus Crisis

The Zacks Medical Info Systems industry comprises companies, which develop and market healthcare information systems. They offer software and hardware solutions to healthcare providers with secure access to real-time clinical, administrative and financial data in a time-efficient manner. Over the past few years, this digital health sector has evolved greatly to meet the changing needs of healthcare providers.

Focus on patient satisfaction and security of patient data, and increasing administrative costs have increased the need for big data, 3D printing, blockchain and AI. These technologies are currently shaping the MedTech space.

The industry players are raking in billions from the sale of proprietary software and related hardware, professional services and IT outsourcing services. Recurring service contracts for software maintenance and certain transaction processing services also contribute to revenues. A major player in this industry is Cerner, a healthcare information technology (HCIT) solutions provider.           

Let’s take a look at the four

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