All GLG News Analyses Filed Under: Healthcare Services

Electronic Medical Records Sold through Walmart

March 13, 2009

Analysis by: GLG Expert Contributor

Analysis of:Wal-Mart Plans to Market System for Digital Health Records - NYTimes.com | www.nytimes.com

I am not confident that this will work.  I say this based on a study I did on the organic food market place, when everyone thought Walmart would transform that business into sizes that no one could then imagine. It did not work for them and they eventually downplayed organic food significantly.  In fact, I owned stock in Walmart thinking that the recession would chase people into their stores.  It did, finally, but only after W. management realized what their business is:  Every day low prices. Their customer base is the price shopper:  Not the white, suburban, soccer mom and certainly not the MD looking to get his/her records into electronic form. I don't think it will work. 

Key thoughts.

February 24, 2009

Analysis by: GLG Expert Contributor

Analysis of:Biobanks will provide 'electronic specimens' for medical research | healthcareitnews.eu

Biobanks will further the use of data,text and dual mining in the field of drug developement in particular. This will become a automated or semi-automated process. Algorithms will integrate with Blast and other genetics/informatics algorithms extant. This is very exciting. This will increase the need for virtualisation and grid computing in this field as well as desktop supercomputers, featuring GPU'S.

Adam FeinFounder & PresidentPEMBROKE CONSULTING INC

No Visible Revenue Synergies in CVS Caremark's Latest Numbers

February 23, 2009

Analysis of:CVS Net Rises; Finance Chief Plans to Retire | online.wsj.com

CVS Caremark’s PBM businesses are not becoming a larger share of prescriptions filled at CVS retail pharmacies. Put another way, the flagship Maintenance Choice program may be appealing to payers and consumers, but there is not yet a quantitatively visible shift in CVS' retail activity. If CVS pharmacies are taking retail pharmacy market share, then it’s not yet as a result of corporate co-ownership with a PBM.

Ken PowellPresidentGenesis Business Development, LLC

Electronic Specimens Could Be a New Business Model

February 23, 2009

Analysis of:Biobanks will provide 'electronic specimens' for medical research | healthcareitnews.eu

As clinical diagnostics becomes more information-driven, there is a new opportunity to transition from biological samples to electronic specimens to support diagnostics and therapy.  Over 75% of clinical decisions are based on a diagnostic test result.  The data rich, high growth areas of molecular diagnostics are an example of this new era in which data needs to be transformed into medically actionable information.

Ken PowellPresidentGenesis Business Development, LLC

Hospitals Could Face Perfect Storm

February 19, 2009

Analysis of:State hospitals, staff suffering in recession | www.northjersey.com

A recent survey of 50% of New Jersey's acute care hospitals by the New Jersey Hospital Association reveals that they are facing a multiple challenges.  They include healthcare worker layoffs, a decline in higher margin elective procedures, a significant increase in charity cases and reduced services.  The results of this survey could portend the future for other acute care facilities throughout the nation and challenge the long held belief that healthcare is "recession proof."

Healthcare and Health Insurance Costs

February 5, 2009

Analysis by: GLG Expert Contributor

Analysis of:Facts on Healthcare | www.nchc.org

Sixteen percent of the GDP goes toward healthcare and that number is rising.  Any component of the economy that takes such a high percentage bears scrutiny; one that affects overall health and well-being and is so fraught with emotion even more so.   First we must ask if portions of this money could be better spent on other resources like education and economic development, both of which have been shown to affect overall health and well-being.  Second, we must ask if we are funding the proper services in the proper amount, e.g. prevention vs. intervention.   Employers still pay the bulk of health insurance and rising costs have implications for economic viability and employee out-of-pocket expenses.   One approach would be to offer a more basic level of coverage which included prevention, primary care and catastrophic coverage.  Broader scope coverage could be purchased at the discretion of the employee based on individual needs and resources.

We have to burst the Healthcare Bubble

February 2, 2009

Analysis by: GLG Expert Contributor

Analysis of:Facts on Healthcare | www.nchc.org

We have the world's most expensive healthcare system costing $2.4 trillion per Year 4.3 times more than we spend on national defense, 20% of GDP. It is also one of the world's worst systems ranked 37th by the World Health Organization. Costs are escalating at 7%, at least twice the rate of inflation. Our Healthcare System is the most inefficient and wasteful among leading industrial countries. Other countries with some regulation, provide Universal Healthcare for about half of the cost of our system, which does not. We can support economic recovery through healthcare reform. About 46% of the US population is receiving government provided healthcare at a cost of $1 trillion. This includes politicians, prisoners, armed forces, federal and state employees and Medicaide and Medicare recipients. There is little central purchasing power leverage and billions of our tax dollars are being wasted along with billions of dollars of philanthropic, employer, employee and individuals monies.

Alan ZaccariaPlastic SurgeonMD ALAN FACS ZACCARIA

Health Care in America--An Ailing Commodity That Doctors Can't Cure

January 30, 2009

Analysis of:Perspectives on Health Reform, 17th January 2009 | healthaffairs.org

Fixing the health care system in America is like trying to fix the economy.  We keep dumping more and more money into it, only to find ourselves going nowhere.  There seems to be a renewed sense of hope with the emergence of a new administration in Washington, but there are no easy solutions.  We are a country endeared to our ever increasingly expensive technology, which everyone wants, but only few can afford.  We treat everyone who needs medical care, whether or not they can afford it, taking the position that hospitals and doctors will absorb the cost.  Well, hospitals and yes doctors, are going out of business.  Until the actual issues are looked at and tough decisions are made, we will find ourselves in a situation of a government run, nationalized health care system (ala Canada) which will set medicine in America back to the stone ages.

Successful health information exchange will occur when barriers formed by competing interests are mitigated through federal mandate and funding

January 8, 2009

Analysis by: GLG Expert Contributor

Analysis of:WA Launching Health Record Bank Pilot | www.fiercehealthit.com

We should applaud the State of Washington for taking initiative in this important area, but we must acknowledge that the health record bank is just the flip side of the coin regarding the question of centralized or federated models for HIE.  Beginning with the CHINs of the early 90's until now, we see that all stakeholders in the system consider stewardship of health data to be an asset, and they do not readily see a sustainable ROI for investing in any methodology for exchange of the data with others. Success of Washington's efforts and those of the many other State and regional efforts depends, not on the efficacy of the model, but on the successful demonstration of HIE infrastruction via the NHIN projects and subsequent mandate and funding at the federal level.

Microsoft and Google Your Future Bankers Providing Health-SWIFT Codes

January 7, 2009

Analysis by: GLG Expert Contributor

Analysis of:WA Launching Health Record Bank Pilot | www.fiercehealthit.com

This article is important as it delivers a clear model for the next level of healthcare information value innovation. In my analysis I will define Health Record Banks structure then briefly outline the role of HRB into innovatively changing the way we do healthcare. Could HRB be the missing link toward eHealthcare!?   

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