Sunday, February 28, 2016

One Big Piece of the Puzzle that American Investors Take For Granted



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Why Europeans Aren’t Quite as Keen on the Stocks as Americans (But Should Be)



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5 Presidents Who Were Terrible with Money



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3 Growth Opportunities to Watch for LinkedIn



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How LinkedIn Reported a Great Quarter… and Tanked



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At Current Prices, Is LinkedIn a Buy?



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Thursday, February 25, 2016

How This $1.6 Billion Company May Change A $10 Billion Market



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Making Healthcare Great Again: The Republicans



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Making Healthcare Great Again: The Democrats



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Healthcare: Making Healthcare Great Again *** INDUSTRY FOCUS ***



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Health Wonk Review is up at Colorado Health Insurance Insider

Colorado Health Insurance Insider hosts The Path Forward edition of the Health Wonk Review blog carnival. I must say, that is an optimistic way to look at the world of healthcare policy, but one that I applaud.

I hope you enjoy the thoughtful collection of posts.



from Health Business Blog http://healthbusinessblog.com/2016/02/25/health-wonk-review-is-up-at-colorado-health-insurance-insider-12/
via A Health Business Blog

Thursday, February 18, 2016

Healthcare: Have Ethics Become Passe in Biotech? *** INDUSTRY FOCUS ***



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Deadpool Defies Its R-Rating to Shatter Box Office Records for Fox



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Burger King Ready to Serve This American Staple After a Strong 2015 Performance



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Twenty-First Century Fox Hopes to Extend Box Office Winning Streak With Established Titles



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Consumer Goods: A New Superhero Movie Franchise Is Born *** INDUSTRY FOCUS ***



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Friday, February 12, 2016

What Went Wrong With Anthem’s Hack?



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Why Insurers Are Cozying Up to FitBit



from The Motley Fool http://www.youtube.com/watch?v=8jO0YBrpMn4
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Who Gets Called in When A Company Gets Hacked?



from The Motley Fool http://www.youtube.com/watch?v=pUbZZH0OzlI
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Health Wonk Review is up at Medicare Resources

It’s the Money Changes Everything edition of the Health Wonk Review over at MedicareResources.org.

Head over to learn more about the Super Bowl, executive compensation, medical homes and more.

 



from Health Business Blog http://healthbusinessblog.com/2016/02/12/health-wonk-review-is-up-at-medicare-resources-3/
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Thursday, February 11, 2016

Remix: How Tech Is Helping Healthcare Providers *** INDUSTRY FOCUS ***



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Should Medicare negotiate drug prices? Probably not

ID-10074078

A popular idea, but not a good one

It’s nice that the vast majority of Democrats (93%) and Republicans (74%) have found something to agree upon. Too bad it’s the overrated idea of having Medicare negotiate drug prices.

Prescription drug costs are rising again after years of flat or modest growth. New, expensive products are hitting the market while drug makers have also found ways to boost the prices of older products, even generics. There’s been a lot of ink (and electrons) spilled by people complaining about “the $1000 pill” and other outrages, like bad boy drug exec and price gouger Martin Shkreli. On the other hand, many Hepatitis C patients have been cured and the need for liver transplants and cancer treatment averted. That should be worth something.

Why do people think Medicare would be such a good negotiator? Private sector Part D drug plans already do a good job of price negotiation. Executives’ bonuses and stock options depend on getting good deals from the drug makers. Meanwhile, if Medicare tried to negotiate it would have to be willing to say “no” to certain drugs and to impose restrictions such as prior authorization and high co-pays. No doubt many in the vast majorities cited above would be quick to complain about those tactics, making it hard for Medicare to be the bad guy.

It’s a whole different ballgame if we’re talking about Medicare simply dictating the price it will pay or requiring rebates as Medicaid does. But that’s not negotiation.

In fact Medicare should do something about drug spending. Something more innovative than squeezing unit price. Medicare should develop and test full-fledged value-based medication reimbursement programs that reward manufacturers financially if their drugs work well and lower overall medical costs (not just drug costs). Only Medicare is big enough to get the attention of all the drug makers.

Medicare has done a good job testing out new payment models with providers (think Accountable Care Organizations and bundled payments), which set precedents that private payers can follow and improve upon. It should take the same approach with drugs –setting up innovative programs that can be tested and then implemented widely.

I want drug companies to have the potential to make a lot of money when they cure patients, improve quality of life, or lower medical costs. That’s good for patients, families, investors, private payers and the public purse. Outcomes based payment approaches led by Medicare could get us there. Medicare price negotiation or price regulation just won’t do the trick.

Image courtesy of Master isolated images at FreeDigitalPhotos.net

By healthcare business consultant David E. Williams, president of Health Business Group.



from Health Business Blog http://healthbusinessblog.com/2016/02/11/should-medicare-negotiate-drug-prices-probably-not/
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Wednesday, February 10, 2016

Getting a Mortgage on a Smartphone App, and How Millennials Are Approaching Houses



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What You Need to Know About Private-Label Retailer Credit Cards



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Remix: CG and Financials Join Forces to Cover Retailer Credit Cards *** INDUSTRY FOCUS ***



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Investing Principle #4: Fish Where Others Aren't



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Investing Principle #6: Keep Score



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Investing Principle #7: Have Fun!



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Investing Principle #5: Check Your Emotions at the Door



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Tuesday, February 9, 2016

Donald Trump or Dwayne Camacho for president?

Donald Trump is a clown, and his popularity among voters reflects poorly on the electorate and bodes ill for our society. The 2006 movie Idiocracy provides an entertaining view of where the dumbing down of society and politics is leading us. You should watch the whole thing. Meanwhile, here’s one of my favorite scenes: President Dwayne Elizondo Mountain Dew Herbert Camacho’s address to Congress. The Donald’s got nothing on him!

Idiocracy – President Camacho Speech from ChEeZe BaLL on Vimeo.

 

 



from Health Business Blog http://healthbusinessblog.com/2016/02/09/donald-trump-or-dwayne-camacho-for-president/
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Investing Principle #3: Diversify Your Portfolio



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Investing Principle #2: Be a Lifetime Investor



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Investing Principle #1: Buy Businesses, Not Tickers



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Friday, February 5, 2016

Energy: Big Oil's Earnings Are Starting to Take on Water *** INDUSTRY FOCUS ***



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Examples of Companies Currently in Each of the Five Phases of the Hype Cycle



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When Tech Excitement Booms and Busts – The "Hype Cycle" and Its Five Phases



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Gilead Sciences Outlook For 2016: What You Need To Know



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How Gilead Sciences plans to Beat Merck in Hepatitis C



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Can Gilead Sciences Maintain Its Dominance in HIV Treatment?



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Big Things Are Happening At Gilead Sciences



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Thursday, February 4, 2016

Healthcare: Grading Gilead Sciences Performance in 2015 *** INDUSTRY FOCUS ***



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Latest Michael Kors Earnings Show Strength in a Weak Retail Environment



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CDC Ends E.coli Investigation at Chipotle – Are You Going Back for a Burrito?



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In Medicare Advantage, providers are becoming payers

Centaur-Character

Payer, provider or PayVider?

Accountable Care Organizations enable providers of care to take on some of the functions of health plans and to receive some of the financial rewards as well as the risk. But at least on the Medicare side it can be fairly indirect, with patients “attributed” to providers rather than assigned and little formal ability to keep a patient within a single provider system.

So it’s not huge surprise that some integrated provider organizations are going further, and sponsoring Medicare Advantage (MA) plans themselves. That way they are literally both the payer and provider. Setting up an MA managed care plan and running an ACO are not mutually exclusive, since the MA plan applies just to those who sign up for managed care.

Avalere Health has released an interesting report on this phenomenon. Some key takeaways:

  • More than half of the MA plans that started between 2012 and 2015 were provider sponsored
  • Provider sponsored plans are much more likely than other plans to achieve the top star ratings of 4 or 5
  • In a few geographies, provider sponsored MA plans have enrolled the vast majority of MA members and account for more than 10 percent of all Medicare recipients (most of whom are in traditional fee for service Medicare)
  •  Provider sponsored plans are not limiting themselves to the Medicare market. Some are going after commercial patients as well

What does this all mean? A few things:

  • We need to reconsider the boundary between payers and providers; they are starting to overlap more
  • Commercial health plans face even more pressure than before to demonstrate that they can add value –since providers are competing with them and showing better quality results. (The Avalere report was sponsored by Aetna –I’m not exactly sure what they were expecting to hear.)
  • Even if a Republican President and Congress overturn Obamacare, the concept of providers taking risk for Medicare patients isn’t going away
  • Medicare beneficiaries who are fans of a particular provider system should consider checking whether that system offers an MA plan

By healthcare business consultant David E. Williams, president of Health Business Group.



from Health Business Blog http://healthbusinessblog.com/2016/02/04/in-medicare-advantage-providers-are-becoming-payers/
via A Health Business Blog

Wednesday, February 3, 2016

Consumer Goods: Luxury Retailers Surge on Upbeat Results *** INDUSTRY FOCUS ***



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An Introduction to Peer-to-Peer Lending



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How to Judge if Stocks Are Overpriced



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How to Think About Banks and Oil Exposure



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Why Are Companies Added to and Removed from the S&P 500?



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Why Do Stock Prices Go Up and Down?



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Are Chipotle’s Problems Temporary or Permanent?



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Tuesday, February 2, 2016

Financials: A Rundown of Readers Questions on Everything Financial *** INDUSTRY FOCUS ***



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Mass Health Quality Partners releases patient experience results

Screenshot 2016-02-02 08.15.50

Massachusetts Health Quality Partners is a national leader in reporting on patient experience in primary care. Its latest data release at healthcarecompass.org provides valuable information for patients looking for a physician and for practices seeking to understand how they perform in absolute terms and in comparison with others.

You may be familiar with the adage, “What gets measured gets done,” so it really is important what we decide to measure and to publicize. Some patient experience topics, like communication, have been measured and reported for some time. The average score is now 93.5 out of 100 –which is great, but it also means that it’s hard to improve from there and that communication may not be a great way to choose between practices.

By contrast, some of the newer categories demonstrate opportunities for –and evidence of– improvement. This is just the second year asking about behavioral health screening –an important topic since so many behavioral issues first present in primary care. Scores on that measure have risen from 53.1 to 56.5 from 2014 to 2015, while some practices have shown improvements of up to 20 points.

Self-management, a new topic this year, comes in with a score of 54.0 for adult practices and 43.6 for pediatrics. Look for that one to rise in the coming years as well. Statewide results are summarized on the MHQP website.

Most of the scores are reported as Harvey balls, with four levels of differentiation. It’s easy to compare practices against one another on specific measures, but on the other hand it’s difficult to figure out how any given practice rates overall. That’s partly because unlike commercial rating sites, MHQP is a collaborative that needs to keep the providers on board.

A shorthand way to make comparisons is with the “willingness to recommend” score that’s reported as a percentage. I asked MHQP spokesman Joe Ternullo about this measure and how to use it:

How can patients use this measure to chose a physician?

People often ask others for a recommendation when choosing a new doctor. To learn more about this, MHQP asked patients:   “Would you recommend this provider to your family and friends?”  MHQP suggests that patients look at all available information before choosing a new doctor. This is because no single rating by itself can give a clear picture about a healthcare provider’s quality of care.

Can a consumer use that measure to make a decision when the information is presented at a practice level?

Yes. A consumer should use the ratings at healthcarecompassma.org to see how his/her primary care practice fares, or to look for practices in their region that have scored particularly well.  In either case, focus on two things. First, look at the percentage of patients who said they would recommend the doctor. Don’t focus too much on minor differences, such as between practices with scores from, say, 86 to 89. Second, look at its scores for individual aspects of performance, such as communicating with patients, coordinating care, and getting timely appointments.  These measures are a guide to help patients assess certain aspects of patient care. No single measure reveals everything about the quality of care at a provider’s office.  Different practices may excel in different areas. But a low score can point out certain aspects of care that a doctor’s office needs to improve.

And as a follow-on, how do practices use that information with their own providers?

Medical care is complex, and patient experience is only one measure of quality. For example, it is important to know how well as doctor helps patients manage conditions like arthritis, diabetes, high blood pressure or high cholesterol. But patient experiences can affect those clinical measures. Many practices have used the MHQP statewide patient experience survey results to improve how they interact with their patients.

The MHQP patient experience survey is a valuable community resource that we are fortunate to have in Massachusetts. The survey is supported by leading health plans and provider organizations.

By healthcare business consultant David E. Williams, president of Health Business Group.



from Health Business Blog http://healthbusinessblog.com/2016/02/02/mass-health-quality-partners-releases-patient-experience-results/
via A Health Business Blog