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GLG News by General and Acute Care Hospital Economic Experts

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October 28, 2008
The Dismal Science
Analysis of: Financial Meltdown Hits Home | modernhealthcare.com
Author: GLG Expert Contributor
Credit will likely get tighter before it eases.  1) Bank Letter of Credits will be called upon to provide liquidity, making less funds available to be lent out.  2)  Car manufactures and other industries dependent on consumers purchaing with the use of credit. 3)  Traditional...
Richard BalandOctober 14, 2008
Winners and losers in Healthcare IT
Analysis of: Stark Offers Bill to Hasten e-record Adoption | modernhealthcare.com
Author: Richard Baland, Partner, B2B CFO
This will soon be the best time in history to be selling Healthcare IT software and services. More money will be spent in the next three years than ever before. It may not be the best time for the staff at many hospitals. The staff are woefully unprepared for a quantum leap in Healthcare Technology
September 2, 2008
Hospital Death Rates Unveiled for Second-time
Analysis of: Hospital Death Rates Unveiled for First-Time Comparison | www.usatoday.com
Author: GLG Expert Contributor
1) Health Care Financing Administration published hospital mortality rates in the 80's, only to later discontinue the practice.  2) Mortality rates are a poor proxy for quality.  3)  Other measures are better to assess quality of care.
August 6, 2008
A Transparent Health System - a Platform for Health Reform
Analysis of: Transparency in Healthcare | www.hospitalimpact.org
Author: GLG Expert Contributor
The healthcare industry has become complex due to the wide variety of specialized proprietary solutions from all players within the system.  Each player understands their piece and how to optimize the system for their benefit.  The result has been a patchwork industry that has evolved into...
July 28, 2008
Pharmacogenetic Tests for Antidepressants Disappointing So Far
Analysis of: TheraGenetics Licenses Intellectual Property Related To Predicting Patient Response To Antidepressant Therapy | www.medicalnewstoday.com
Author: GLG Expert Contributor
-Pharmacogenetic tests have not made it into the treatment or assessment process for most physicians. -Until the cost for these tests become negligible -- or, included in the cost of a particular antidepressant -- psychopharmacogenetic testing will not make it into the mainstream. 
Glen McDanielJuly 1, 2008
Boomers numbers and demands point to increased demand for medical real estate
Analysis of: Aging Baby Boomers Will Drive Demand for Healthcare Properties Over Next Decade, Grubb & Ellis Report Reveals | www.bio-medicine.org
Author: Glen McDaniel, President and Chief Executive Officer, GM Global
Baby boomers are rapidly aging. According to Census Bureau by 2010 there will be 77 million people aged 55 and older; a number which will grow to a whopping 98 million by 2020. This aging population, living longer with chronic illnesses and more demanding of cafeteria-type service will drive the demand...
June 4, 2008
When CMS put objectives in the blender, providers get the mash
Analysis of: CMS ANNOUNCES DEMONSTRATION TO ENCOURAGE GREATER COLLABORATION AND IMPROVE QUALITY USING BUNDLED HOSPITAL PAYMENTS | www.cms.hhs.gov
Author: GLG Expert Contributor
CMS has the objective of keeping their costs down, increasing quality, protecting the Stark laws against physician referrals, and guarding against beneficiaries being enticed to receive more services than necessary.  CMS threw all these objectives into the ACE demonstration project.  The problems...
May 14, 2008
Tapentadol: The New Ultram?
Analysis of: Johnson & Johnson Presents Tapentadol Phase 3 Clinical Data at American Pain Society's Annual Meeting | www.investor.jnj.com
Author: GLG Expert Contributor
Don't bother listening to the May 6 audio presentation, as it is a useless waste of time.  Just look at the pdf slide presentation, showing tapentadol IR to provide equivalent pain control to 10 or 15mg oxycodone, with reduced GI side effects, in treating acute bunionectomy pain and also arthritis...
Richard BalandApril 21, 2008
What can Hospitals do about their Spending and Borrowing in 2008?
Analysis of: University Hospitals in Cleveland makes aggressive refinancing move | blog.cleveland.com
Author: Richard Baland, Partner, B2B CFO
Increasing interest rates and debt service, a Decrease in available cash, a Migration to more fixed rate borrowing and appeals to state governments for assistance, a delay in physical plant additions/upgrades
Richard BalandApril 4, 2008
There will be significant growth in Healthcare Real Estate in the next ten years. But in what areas?
Analysis of: Aging Baby Boomers Will Drive Demand for Healthcare Properties Over Next Decade, Grubb & Ellis Report Reveals | www.bio-medicine.org
Author: Richard Baland, Partner, B2B CFO
For one reason, this industry has outperformed the commercial average for the most recent eight years. Secondly, demographics are driving medical services. More of the population is aging. People are living longer. And Medical technology is improving at a rate that provides new and better healthcare...

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