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U.S. signs up 8.2 million people so far for insurance on HealthCare.gov (29.12.2015)
The U.S. government signed up 8.2 million people for health insurance through the HealthCare.gov website, including 2.1 million people from the insurers' most sought-after demographic - those aged under 35, the top health official said on Tuesday.

That compares with the 6.4 million people who signed up or were automatically enrolled at this time last year, U.S. Department of Health and Human Services Secretary Sylvia Burwell said during a conference call.

HealthCare.gov sells subsidized individual insurance in 37 states, and Burwell said millions more had gained coverage through the state-based insurance exchanges that serve Washington, D.C. and the remaining 13 states.

The enrollment figures come at a time when expectations for 2016 sign-ups have been tempered. The government has said it expects total enrollment of 10 million people via both HealthCare.gov and the state-based exchanges at the end of 2016, about half of what its 2016 estimate had been earlier this year.

Large health insurers have been lukewarm on the market, saying it is a challenge to make money there.

Health insurer UnitedHealth Group Inc said last month that the low enrollment and high medical costs of those covered through the exchanges were causing the company to lose money. It said it would have to review its participation in the two dozen states where it sells plans next year.

The 8.2 million people signed up or automatically re-enrolled in a plan as of Dec. 19 will have coverage effective Jan. 1. Enrollment remains open through the end of January.

On Friday, the government announced that enrollment was running faster than last year and that 6 million people had signed up through Dec. 17, and shares of insurers rose.

Shares of Aetna Inc, UnitedHealth and Anthem Inc all rose slightly on Tuesday after the government announced the most recent data.

The government said it estimated that more than 9.1 million people were enrolled for health coverage through HealthCare.gov and the state-based exchanges at the end of 2015.

Of the 9.3 million people who were enrolled at the end of September, about 84 percent received subsidies, the government said. The average subsidy was $271 per month. Enrollment fluctuates as people gain or lose employment-base insurance or have a change in status, such as becoming married.

Read more...
TPG invests $75 million into life sciences service firm (29.12.2015)
The growth equity arm of buyout firm TPG Capital LP has invested $75 million in life sciences services company Precision for Medicine, according to people familiar with the matter, the latest in a string of TPG investments in the healthcare sector.

The sources asked not to be identified ahead of an announcement of the investment later on Tuesday.

Based in Bethesda, Maryland, Precision for Medicine helps pharmaceutical and life sciences companies develop and commercialize new drugs. The company was founded in 2013 by healthcare executives Ethan Leder and Mark Clein with $150 million in financing led by investment firms Oak Investment Partners, J.H. Whitney and Company, and LCI Capital.

TPG has invested steadily in the healthcare sector since the firm was founded in 1992 by David Bonderman and James Coulter. For example, it bought generic drugmaker Par Pharma for $1.9 billion in 2012 before selling it to pharmaceutical firm Endo International Plc for about $8 billion earlier this year.

TPG Growth manages more than $7 billion, while TPG has $70.2 billion of capital under management in total.

The global healthcare sector has seen a blitz of merger and acquisition activity this year that culminated in Pfizer Inc's $160 billion acquisition of Botox maker Allergan Plc in November, a deal that will create the world's largest drugmaker.
Read more...
CryoLife announces definitive agreement to acquire On-X Life Technologies Holdings, Inc. (29.12.2015)
CryoLife, Inc., a leading medical device and tissue processing company focused on cardiac and vascular surgery, announced today that it has entered into a definitive agreement to acquire On-X Life Technologies Holdings, Inc. ("On-X"), an Austin, Texas-based, privately held mechanical heart valve company.

J. Patrick Mackin, Chairman, President, and Chief Executive Officer of CryoLife, said, "We believe this will be a transformative acquisition for CryoLife that will significantly enhance the size of our addressable market and growth potential.  This transaction will provide CryoLife access to the $220 million mechanical valve market with a highly advanced portfolio of products.  On-X valves have been implanted in over 200,000 patients, and On-X has achieved a 13% revenue CAGR over the past four years with modest sales and marketing support.  We are very excited about the outlook for continued growth for several reasons.  First, the On-X aortic valve is the only mechanical valve to receive FDA labeling requiring an INR (international normalized ratio) level of only 1.5-2.0.  This labeling provides the On-X valve with a distinct competitive advantage.  Second, with the addition of the On-X sales team to the CryoLife team, our U.S. cardiac surgery sales force will more than double.  Third, as the power of On-X's technology and its supporting robust clinical data become more widely known through our expanded sales organization, we believe the acquired portfolio will continue to post double-digit compounded growth from 2016-2020.  Finally, we believe we will also see strong synergy between our product portfolios, which will drive cross-selling opportunities across our entire business."

Clyde Baker, President and Chief Executive Officer of On-X, commented, "On-X is  extremely excited to join forces with CryoLife and we believe CryoLife is well suited to take the On-X business to the next level.  We expect this transaction to enhance the growth trajectory of On-X products through the additional resources provided by a larger, global cardiac surgery company."

On-X generated revenue of approximately $33 million in 2014, representing compound annual growth of approximately 13% over the preceding four years.

Read more...

Eye For Pharma October 2015

ACEM

Achieving Performance

Himss 2016

E-newsletter - latest issue of Hospital & Healthcare Management Magazine

If you are not able to view this newsletter, click here to view it online

ARTICLES
Automating prescription services in Africa for real-time anonymous drug consumption and diagnostic market analysis
The lack of comprehensive data on pharmaceutical consumption in Africa makes it difficult for governments and pharmaceutical companies to gain market intelligence on medicine use.

Read how mPharma a Ghana based data company sovles this issue by automating prescription services.
Role of Big Data in Middle East's Emerging Healthcare Systems
Big Data’ has become a buzzword in the last couple of years, and for good reason: we now have enough computing power and resources to gather data about every detail of a system’s inner workings.

This article describes the role Big Data could play in the emerging healthcare systems of the Middle East and North Africa
Transforming healthcare delivery with insight into the "when" and "why" of readmissions
The question is: how can healthcare organizations change the way they deliver care to improve patient outcomes over the long term – especially when they have limited resources at their disposal?

Read how PinnacleHealth found an answer to this.
The future of Surgery
In this article Ms. Eric Johnson speaks about the advantages of going high-tech and how Hybrid OR, with its double team of positioning and navigation can takes surgery to the next level.
CASE STUDIES
Improved Connectivity for Improved Care
Healthcare IT systems must address stakeholder objectives, otherwise even well-tailored software can fall short of requirements.

This Case Study explains how Mountain Health States Alliance managed to synchronize its 90 clinics across multiple U.S. States with the adoption of an EMR system.
Connected Heath transforming the traditional drugstore
Providing cost-effective pharmacy, health and wellness services and advice could easily turn up to be a nightmare for a drugstore chain which operates with more than 8,200 drugstores and caters to more than 6 million customers daily.

Thanks to connected health approach which keeps Walgreens functions smoothly in their day to day activity and this is our next case study.
 
 
TECHNO TRENDS
RFID IN HEALTHCARE: REDUCING COSTS AND IMPROVING OPERATIONAL EFFICIENCY
RFID in healthcare has proven to be a very important element in reducing cost and improving operational efficiency, why RFID and its various benefits are explained in this Techno Trend.
Moving Towards Mobile and Browser Based EHRs to Maximize the Physician Experience
Less desk work and better patient data always helps doctors spend more time with patients. How recognition, customizable EHRs, and clinical-grade surface devices maximize the physician experience is our next read.
Medical Fair Thailand
PUBLICATION
Discussing about Automation in Healthcare & it's benefits have never been more important earlier.

With this in mind, we introduce the latest edition of Hospital & Healthcare Management your one-stop resource that hepls you stay up to date with the issues that matters ........

View Previous Issues:
Aug'14 | Feb'14 | June'13 | Feb.'13 | Aug.'12 | Apr.'12 | Dec.'11 | Aug.'11 | >> 
 
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20.03.2015
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10.09.2015 - 12.09.2015
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Up Coming Webinars


webners Register through HHM Global for the upcoming webinars conducted by the leading providers covering subjects on various spectrums within the healthcare industry:

  • OCT: Does It Have What It Takes to Move Beyond its Commercial Tipping Point? - Frost & Sullivan
  • Creating a IT Client Infrastructure (VDI) that Optimizes the Clinician Experience - Lessons of an Early Adopter - HIMSS
  • eCare Communities or Healthcare Information Exchanges: What Are We Really Trying to Build? - HIMSS
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Aug. 2015 - PDF | e-book

Discussing about Automation in Healthcare & it's benefits have never been more important earlier.

With this in mind, we introduce the latest edition of Hospital & Healthcare Management - Vol 4 Issue 2 your one-stop resource that hepls you stay up to date with the issues that matters most.

View Previous Issues:
Feb'15 | Aug'14 | Feb'14 | June'13 | Feb.'13 | Aug.'12 | Apr.'12 | Dec.'11 | Aug.'11 | >> 

Product Showcase

 

Online Medical Records Vault by Sajix Inc

Sajix Inc come up with this unique and revolutionary offering- OMR Vault - iHelix’s Personal H...

 

Flowline Worlds only Servo controlled High Frequency Oscillatory Ventilator DRAGONFLY

WORLDS Only SERVO Controlled High Frequency Oscillatory Ventilator (HFOV) Model DRAGONFLY Features: ...
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