Medicare hospital fund reserves likely to be exhausted in 2026: U.S. report

Reuters | April 22, 2019

Medicare’s hospital insurance fund will be depleted in 2026, as previously forecast, and Social Security program costs are likely to exceed total income in 2020 for the first time since 1982, according to a government report released on Monday. The report from the board of trustees for Social Security and Medicare also projected that Social Security funds could be depleted by 2035, leading to potential reductions in expected payouts to retirees and other beneficiaries. U.S. healthcare costs are expected to be a hot topic during the 2020 presidential campaign, with uncertainty around possible cost-cutting solutions already weighing on healthcare stocks this year.

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http://www.fairfaxcounty.gov/dfs/chil... Today, over 300 Fairfax County children are in foster care. The Foster Care and Adoption Program offers placements for these children and services to help their families.

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EMERGING TECHNOLOGY

AE Industrial Partners Completes Investment in York Space Systems

York Space Systems | November 15, 2022

AE Industrial Partners, LP ("AEI"), a leader in space investing and a private equity firm specializing in aerospace, defense & government services, space, power & utility services, and specialty industrial markets, announced today that it has completed its majority stake investment in York Space Systems ("York" or "the Company"), an independent provider of small satellites, satellite components and turnkey mission operations. Dirk Wallinger, who founded York in 2012, will remain in his current role as CEO & Board Director, and Charles "Chuck" Beames will continue to serve on the Board of Directors. They will also maintain significant ownership positions in York. Terms of the transaction were not disclosed. Headquartered in Denver, CO, York manufactures and architects low Earth orbit ("LEO"), geosynchronous equatorial orbit ("GEO"), and cislunar spacecraft solutions for the proliferated satellite market. Its products are purposefully designed to balance scalability, manufacturability, and efficiency to meet the schedule-driven, high-volume demand for customers' small satellite constellations. York's spacecraft solutions are designed for all mission types, including communications, EO/IR, radiofrequency, hyperspectral, weather, remote proximity ops, and more. "York has transformed the small satellite market with its complete mission solutions and mass manufacturing capabilities. The Company has become a critical partner to the Space Development Agency ("SDA"), Space Force, and other national security customers given its ability to deliver new satellite technology solutions faster and more cost efficiently than any other player in the market, With significant momentum from multiple marquee national security LEO constellation wins, York now has the ability to manufacture satellites at mass production level scale, which is transformative to the commercial space industry. We are excited to collaborate with Dirk, Chuck and the entire York team as the Company enters into this next stage of growth and development." -Kirk Konert, Partner at AEI. York currently serves a variety of leading government and commercial customers. The SDA recently awarded York an additional contract with a total potential value of approximately $200 million. Known as the T1DES program, York will build and operate 12 prototype satellites that will test satellite communications from LEO to augment the Tranche 1 Transport Layer constellation. As previously announced, York is also providing spacecraft solutions as part of both Tranche 0 and Tranche 1 of the SDA's Transport Layer and has a contract with the U.S. Department of Defense's new proliferated LEO constellation. AEI's experience building other space companies in their portfolio coupled with their strategic investment in York empowers us to continue to compete with the world's biggest aerospace companies while still maintaining the highest level of efficiency and affordability for our government and commercial customers, said Mr. Wallinger. With rote production now well underway at both our Denver Tech Center and downtown facilities, York is well-positioned to meet today's surging commercial and DoD market demand. We are optimistic about the opportunities ahead. About York Space Systems: Headquartered in Denver, CO, York Space Systems was founded in 2012 to radically improve spacecraft affordability and reliability, transforming and enabling next generation space mission operations worldwide. An independent provider of small satellites, satellite components and turnkey mission operations, York's products and solutions are used by both government and commercial customers. About AE Industrial Partners: AE Industrial Partners is a private equity firm specializing in aerospace, defense & government services, space, power & utility services, and specialty industrial markets. AE Industrial Partners invests in market-leading companies that can benefit from our deep industry knowledge, operating experience, and relationships throughout our target markets. AE Industrial Partners is a signatory to the United Nations Principles for Responsible Investment and the ILPA Diversity in Action initiative.

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EMERGING TECHNOLOGY, CYBERSECURITY

3M Health Information Systems division secures key federal government clearance for platform IT and security

3M | September 09, 2022

The 3M Health Information Systems (3M HIS) division has achieved fully authorized Federal Risk and Authorization Management Program (FedRAMP) status for its 3M RevCycle health services platform (RHSP). 3M HIS is the company's first division with a FedRAMP-approved product. With this designation, 3M RHSP is published on the FedRAMP marketplace, allowing federal entities to more easily contract and work with the company. 3M RHSP hosts and supports key operations offered by 3M HIS, including natural language processing (NLP) support for medical coding, clinical documentation integrity, clinician input and medical coding edits, self-service reporting, and evaluation and management. 3M RHSP utilizes robust statistical methodologies to create a comprehensive NLP platform that suggests medical codes, assists with medical terminology, and eases the provider front-end workflow. "We duplicated our commercial Health Services Platform to operate through Amazon GovCloud to achieve a fully authorized FedRAMP status, I am extremely proud of our federal markets team for achieving a FedRAMP ATO (authority to operate), which provides our platform with enhanced visibility, opens the door for us to secure cloud-hosted contracts with federal organizations, and makes it easier for us to add more products and solutions that are cybersecure and government approved." -Kim Aiello, director of federal market solutions, 3M HIS. The federal government is one of the largest buyers of cloud technology, according to FedRAMP. Cloud service providers (CSPs) offer innovative products that can help federal agencies save time and resources while meeting their critical mission needs. FedRAMP is a government-wide program that promotes the adoption of secure cloud services across the federal government by providing a standardized approach to security and risk assessment for cloud technologies and federal agencies. For CSPs, FedRAMP provides a standardized security framework for all cloud products and services that is recognized by all executive branch federal agencies. CSPs only need to complete the FedRAMP Authorization process once for each cloud service offering and perform continuous monitoring, with all agencies reviewing the same continuous monitoring deliverables, creating efficiencies across the government. About 3M: 3M ( NYSE: MMM) believes science helps create a brighter world for everyone. By unlocking the power of people, ideas and science to reimagine what's possible, our global team uniquely addresses the opportunities and challenges of our customers, communities, and planet.

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EMERGING TECHNOLOGY, GOVERNMENT BUSINESS

Esri Partners with Federal Government and State of California to Tackle Climate Change, Improve Resilience

Esri | September 20, 2022

Esri, the global leader in GIS and location intelligence, has partnered with agencies in the federal government and the state of California to build comprehensive and interactive climate data portals and targeted applications to better respond to climate hazards and conservation opportunities. Agencies have used GIS technology for decades to record and track authoritative data on a range of topics that can provide critical insights into complex challenges such as climate change. “Responding to climate change effectively requires a whole of government approach, By harnessing the vast data resources of federal agencies, we’re providing local communities with the information they need to make impactful, equitable decisions that will improve the lives of their citizens.” -David J Hayes, special assistant to the President for climate policy at the White House. This past week, Esri partnered with the Biden-Harris Administration, Department of Commerce’s National Oceanic and Atmospheric Administration (NOAA), and the Department of the Interior (DOI), to jointly launch the Climate Mapping for Resilience and Adaptation (CMRA) portal. This new website helps organizations plan and implement climate resiliency actions by using a new screening tool that assesses the vulnerability of counties, census tracts and tribal lands. The location-based tool can be used to evaluate projects based on exposure to climate-related hazards now and in the future and can strengthen proposals for federal funding. In July, Esri partnered with NOAA and the Biden Administration through the interagency National Integrated Heat Health Information System (NIHHIS) to launch Heat.gov. Heat.gov offers maps, data and guidance that inform operational decisions by communities on a daily basis related to heat health and its impacts. Communities can also use current and forecasted data to plan equitable mitigation measures in anticipation of future heat events, such as where to plant more trees to improve shade in urban areas. The site seamlessly integrates heat information from across federal agencies, including heat forecasts from National Oceanic and Atmospheric Administration’s (NOAA) National Weather Service, the new national Climate and Health Outlook developed by the Department of Health and Human Services, the CDC’s Heat and Health Tracker, as well as heat planning and preparedness guides. In April of 2022, Esri partnered with the California Natural Resources Agency to build CA Nature in support of Governor Newsom’s vision to conserve 30 percent of the state’s land and coastal water by 2030 to fight species loss and ecosystem destruction. CA Nature provides publicly available interactive mapping and visualization tools to identify conservation opportunities and track progress against the 30x30 goal. Powered by Esri’s ArcGIS, CA Nature explains the 30x30 mission, visualizes biodiversity throughout the state, and catalogs protected lands. “Together, these efforts reflect the will and desire of governments at all levels to use maps and data to empower communities to effectively meet our most pressing climate challenges, We are encouraged that governments are embracing the power of maps and GIS to better understand climate impacts and how to plan and build for a more resilient and sustainable future.” -Jack Dangermond president Esri. About Esri: Esri, the global market leader in geographic information system (GIS) software, location intelligence, and mapping, helps customers unlock the full potential of data to improve operational and business results. Founded in 1969 in Redlands, California, USA, Esri software is deployed in more than 350,000 organizations globally and in over 200,000 institutions in the Americas, Asia and the Pacific, Europe, Africa, and the Middle East, including Fortune 500 companies, government agencies, nonprofits, and universities. Esri has regional offices, international distributors, and partners providing local support in over 100 countries on six continents. With its pioneering commitment to geospatial information technology, Esri engineers the most innovative solutions for digital transformation, the Internet of Things (IoT), and advanced analytics.

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