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December 7, 2016

Government News

  • House to vote on telemedicine bill this week
  • From the Publisher

  • New episode of Healthcare Supply Chain Radio available featuring John Strong!
  • Distributor News

  • Institutional Investor recognizes Henry Schein management team in all-America Executive Team surveys
  • Manufacturer News

  • Siemens Healthineers, Northwell Health announce research partnership
  • Baxter lays off 12 employees
  • Hospital and IDN News

  • CHS receives regulatory approval to sell home health business
  • BCBS, Texas Health Resources reach impasse in contract negotiations
  • ACA/FAH report claims an ACA repeal would trigger $166B loss for hospitals by 2026
  • Weimar Medical Center closes unexpectedly after failing to make payroll
  • Stock Watch

  • Health Stocks
  • Government News
    House to vote on telemedicine bill this week

    The U.S. House of Representatives is expected to vote on a bill that promotes telemedicine and was unanimously passed by the Senate last week. The Expanding Capacity for Health Outcomes Act, or ECHO Act asks the HHS to study whether telemedicine could promote collaborative clinical learning and disseminate best practices among healthcare professionals, primarily those in medically underserved areas. Among other things, the HHS would study “technology-enabled collaborative learning and capacity building models” used in clinical settings that address mental health and substance abuse, chronic diseases, prenatal and pediatric care, pain management and palliative care. The study must also address technology's potential impact on healthcare workforce issues, such as specialty care shortages, primary care workforce recruitment and retention and “support for livelong learning.”

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    From the Publisher
    New episode of Healthcare Supply Chain Radio available featuring John Strong!

    The latest edition of Healthcare Supply Chain Radio podcast is available for download! This episode is brought to you by: Green Healthcare Exchange: "Green Purchasing made easy. We work with and for you, sourcing green products you can trust."

    In this episode of HSCR, John Pritchard, publisher of The Journal of Healthcare Contracting, interviews John Strong, president of Greenhealth Management, a subsidiary of Practice Greenhealth. The company operates Greenhealth Exchange, a Delaware public benefit company focused on developing specifications and aggregating green, sustainable purchasing volume to accelerate the adoption of better and more sustainable products in the healthcare industry.

    Download the podcast from iTunes or visit http://www.jhconline.com/hscr-8-john-strong.html.

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    Distributor News
    Institutional Investor recognizes Henry Schein management team in all-America Executive Team surveys

    Henry Schein Inc (Melville, NY) was chosen among the top performers in the Health Care Technology & Distribution category as part of Institutional Investor's 2017 surveys for the All-America Executive Team. Institutional Investor surveyed 3,178 investment professionals at 910 financial services firms across the country to identify this year's All-America Executive Team, which is made up of companies and executives that display excellence in their fields. Henry Schein was ranked as follows in the Health Care Technology & Distribution category:
    -- Stanley Bergman, chairman of the board and CEO, was ranked second for Best CEO by the sell-side
    -- Steven Paladino, EVP and CFO, ranked second overall for Best CFO and was ranked second by the sell-side and third by the buy-side
    -- Henry Schein was ranked second for Best IR Company by the sell-side

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    Manufacturer News
    Siemens Healthineers, Northwell Health announce research partnership

    Siemens Healthineers (Malvern, PA) and Northwell Health (Great Neck, NY) announced a research partnership aimed at developing research projects centered on clinical effectiveness and outcomes research utilizing data analytics-based population health evidence. In addition to its funding and research support over the next four years to Northwell Health’s Imaging Clinical Effectiveness and Outcomes Research (iCEOR) Program, Siemens Healthineers will dispatch dedicated full-time employees to work jointly with Northwell Health on outcomes-based research projects and population health management efforts. Terms of the agreement were not disclosed.

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    Baxter lays off 12 employees

    Baxter (Deerfield, IL) has laid off 12 employees at its facility in Bloomington, Indiana. The layoff affects 12 out of 650 employees in the Bloomington facility and the 12 affected employees come from several different departments and functions, and represent a wide range of tenure and expertise, according to Deborah Spak, Baxter's director of global communications. The layoff marks the second time in two years Baxter's Bloomington facility, part of the company's BioPharma Solutions business, let workers go following business assessments, according to the report. The facility also laid off 36 workers due to Baxter's decision to create a spin-off company called Baxalta.

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    Hospital and IDN News
    CHS receives regulatory approval to sell home health business

    Community Health Systems (Franklin, TN) received regulatory approval to proceed with its agreement to sell a controlling interest in CHS Home Health to Almost Family (Louisville, KY). CHS Home Health operates 74 home health and 15 hospice locations in 22 states. In October, CHS announced plans to sell a controlling interest in its home health business to Almost Family, a provider of home health nursing services. Under the agreement, Almost Family will pay $128 million, subject to a working capital adjustment, for an 80 percent equity interest in CHS Home Health. The transaction is expected to close by the end of 2016.

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    BCBS, Texas Health Resources reach impasse in contract negotiations

    Blue Cross Blue Shield of Texas (San Antonio, TX) will drop Texas Health Resources (Arlington, TX) from its network January 1 unless the two organizations reach a new contract by the end of the year. The insurer said THR's demands for higher reimbursement rates have caused contract negotiations to break down. Texas Health Resources CEO Barclay Berdan said the health system is dedicated to reaching an agreement with BCBS of Texas.

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    ACA/FAH report claims an ACA repeal would trigger $166B loss for hospitals by 2026

    A report commissioned by the Federation of American Hospitals (Washington, DC) and the American Hospital Association (Chicago, IL) claims that hospitals would take a $165.8 billion loss on net income if the ACA were repealed without replacement. The report uses H.R. 3762 — the reconciliation bill vetoed by President Barack Obama in January — as its model of what an ACA repeal would look like. If this bill were passed under a Trump administration, it would repeal the ACA's individual mandate, the employer mandate, premium tax credits, cost-sharing subsidies, the transition reinsurance program, Medicaid expansion and a handful of other taxes, such as the medical device tax. The bill would also restore Medicaid Disproportionate Share Hospital payments that were cut under the ACA. The $165.8 billion estimated negative impact on hospitals includes restored Medicaid DSH payments.

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    Weimar Medical Center closes unexpectedly after failing to make payroll

    Weimar Medical Center (Weimar, TX) shut down November 25 after the hospital failed to make payroll due to financial troubles, forcing the facility to cease services. The future of the facility is uncertain. After the hospital failed to make payroll there was not enough staff available to treat potential patients. Before WMC closed its doors, the 38-bed hospital's only inpatient was discharged and emergency room patients were treated and discharged. Officials said the hospital would reopen once it regained its financial footing. Although they hoped the hospital would be back in service by December 2, as of Tuesday the hospital was still closed. WMC is owned by Price Family Capital Partners (Anaheim, CA) and a sign on the door to the hospital indicates that the firm is selling the facility.

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    Stock Watch
    Health Stocks

    Quotes last updated at 12/7/2016 11:01:43 AM EST

    Company Price Change Trends
    S&P 500 Index 2214.47 +2.24 Analyze
    NASDAQ Composite 5331.49 -1.51 Analyze
    ABBVIE INC 58.91 -2.71 Analyze
    AMERISOURCEBERGN 73.97 -4.90 Analyze
    ABBOTT LABS 37.46 -0.96 Analyze
    ALERE INC 39.68 -0.18 Analyze
    BAXTER INTL INC 43.56 -0.43 Analyze
    CR BARD INC 208.19 -0.55 Analyze
    BECTON DICKINSON 161.67 -2.35 Analyze
    BRISTOL MYERS SQ 54.53 -1.50 Analyze
    BOSTON SCIENTIFIC 20.42 -0.39 Analyze
    BOVIE MEDICAL CORP 4.0301 -0.0299 Analyze
    CARDINAL HEALTH 68.71 -2.71 Analyze
    CERNER CORP 47.97 +0.42 Analyze
    CLOROX 114.37 +0.10 Analyze
    CANTEL MEDICAL 81.14 +0.00 Analyze
    CONMED CORP 43.91 -0.04 Analyze
    CEPHEID 52.95 +0.00 Analyze
    CRYOLIFE 17.90 -0.25 Analyze
    DANAHER 76.77 -0.61 Analyze
    DIVERSICARE HEALTHCARE SERVICES 11.9053 -0.4226 Analyze
    DYNACQ HEALTHCARE 0.05 +0.00 Analyze
    EXPRESS SCRIPTS 74.96 -1.77 Analyze
    GENERAL ELECTRIC COMPANY 30.97 -0.20 Analyze
    HCA 71.28 +0.08 Analyze
    HMS HOLDINGS 17.95 -0.15 Analyze
    HOLOGIC INC 38.75 -0.14 Analyze
    HILL-ROM HOLDINGS INC 54.935 -0.085 Analyze
    HENRY SCHEIN 148.53 -1.36 Analyze
    HEALTHSTREAM INC 25.42 -0.42 Analyze
    INTEGRA LIFESCIENCES HOLDINGS CORP 76.41 -1.15 Analyze
    ICU MEDICAL 145.10 -2.25 Analyze
    JOHNSON & JOHNSON 109.985 -2.075 Analyze
    MASIMO CORP 62.43 -0.55 Analyze
    MCKESSON CORP 136.94 -8.46 Analyze
    MEDASSETS N/A +0.00 Analyze
    MEDTRONIC INC 71.25 -0.86 Analyze
    MIMEDX GROUP INC 8.70 -0.51 Analyze
    3M COMPANY 172.68 +0.88 Analyze
    MERIT MEDICAL SYSTEMS 25.15 -0.15 Analyze
    MICROSOFT 60.15 +0.20 Analyze
    MYLAN LABS 34.08 -1.78 Analyze
    OMNICELL 32.10 -0.10 Analyze
    OWENS & MINOR 33.97 -0.28 Analyze
    PHILIPS 29.58 +0.35 Analyze
    PREMIER INC 29.91 -0.32 Analyze
    QUIDEL CORP 21.95 -0.28 Analyze
    SUPERIOR UNIFORM GROUP 19.03 -0.89 Analyze
    SMITH & NEPHEW 28.46 -0.41 Analyze
    STERIS CORP 66.30 +0.09 Analyze
    STANLEY BLACK & DECKER INC 119.07 +0.43 Analyze
    STRYKER CORP 111.89 -0.70 Analyze
    TELEFLEX MEDICAL 151.77 -1.63 Analyze
    THERMO FISHER SCI 140.455 -3.135 Analyze
    ZIMMER HOLDINGS 113.56 +0.00 Analyze
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