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May 27, 2020

Market Research

  • COVID-19 creates new ripples heading into above-average hurricane season
  • Distributor News

  • Henry Schein announces participation in Virtual Conferences in June
  • Hospital and IDN News

  • Baylor Scott & White to layoff 1,200 employees, furlough more
  • Ascension Medical Group Sacred Heart opens new primary care facility in Florida
  • GPO News

  • Premier acquires stake in nation's largest PPE-maker, Prestige Ameritech
  • Vizient partners with IBM Watson Health to support healthcare providers performance-improvement needs
  • Market Research
    COVID-19 creates new ripples heading into above-average hurricane season
     "The Atlantic Ocean decided to serve up an early reminder that hurricane season was approaching with Tropical Storm Arthur, which swirled non-threateningly off the Eastern coastline last week. It’s never a good time for a hurricane, but this season may be tougher than usual. 
    "Hurricane season kicks off every year on June 1, and experts say that climate conditions in the Gulf of Mexico and the Pacific Ocean are lining up to deliver what could be a near-record storm season. 
    "While hurricanes and other disasters bring the potential for healthcare providers to reduce operations, shelter in place or relocate patients, COVID-19 is going to force providers’ and communities’ disaster preparedness plans to considerably evolve. 
    "Hospitals and health systems are beginning to prepare for ramifications if a storm touches down, including potential supply chain challenges and..."
     


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    Distributor News
    Henry Schein announces participation in Virtual Conferences in June
        Henry Schein, Inc. (Melville, NY) announced it will present at the following virtual investor conferences in June:
    • William Blair 40th Annual Growth Stock Conference on June 9, at 12:20 p.m. Eastern.
    • 41st Annual Goldman Global Healthcare Conference on June 10, at 4:40 p.m. Eastern.
    • Jefferies Virtual Global Healthcare Conference on June 2, at 1:30 p.m. Eastern.
    Henry Schein’s presentations can be heard via live webcast and replays will be available on the Henry Schein website following the presentations.



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    Hospital and IDN News
    Baylor Scott & White to layoff 1,200 employees, furlough more
     Baylor Scott & White Health (Dallas, TX) will lay off roughly 1,200 employees (about 3% of its workforce), due to fallout from the coronavirus. Baylor said it would also furlough an unspecified number of workers, leave open positions unfilled, and cut the pay of about 300 senior leaders. Furloughed employees, who are generally eligible for unemployment insurance, will continue to get company benefits and may be asked to return to the job eventually.
    “We experienced a dramatic drop in patient volumes -- between 50 and 90%, depending upon where they sought care,” Baylor CEO Jim Hinton told employees in a video message.
    The company’s first instinct was to protect workers, he said, so it pledged to keep paying everyone through May. But that won’t be sustained beyond the first week of June, despite an improvement in business in the past several weeks.
    “It has become clear that we must reexamine everything,” Hinton said…
     


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    Ascension Medical Group Sacred Heart opens new primary care facility in Florida
     Ascension Medical Group Sacred Heart has opened a new healthcare facility in Watersound, Florida. The 6,700-square foot outpatient office offers primary care and Ob/Gyn services, with the ability to expand in the future to offer additional specialty care services. The new office is home to internal medicine doctor Michelle Parker, MD, and Ob/Gyn Cory Tinker, MD. Ascension Medical Group Sacred Heart offers the largest network of primary care and specialty physicians in Northwest Florida, with more than 80 locations and 300 providers along the Gulf Coast from Gulf Shores, Ala., to Apalachicola, Fla.
     


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    GPO News
    Premier acquires stake in nation's largest PPE-maker, Prestige Ameritech
     Premier Inc. (Charlotte, NC) and 15 of its leading health system members acquired a minority stake in Prestige Ameritech, the largest domestic manufacturer of face masks, including N95 respirators and surgical masks. Under the agreement, Premier members commit to purchase a portion of all face masks they use annually from Prestige Ameritech for up to six years, inclusive of a three-year renewal option. The arrangement with Prestige Ameritech is part of Premier’s newly announced strategy to work with members to invest in domestic and geographically diverse suppliers of PPE and other medical equipment currently in shortage due to the 
    COVID-19 pandemic. Prestige Ameritech represents a domestic supply chain, with production completed in the U.S. Additionally, the company sells 100% of its products to U.S. customers. Participating members include:
    • AdventHealth (Altamonte Springs, FL)
    • Adventist Health (Roseville, CA)
    • Advocate Aurora Health (Downers Grove, IL, and Milwaukee, WI)
    • Ballad Health (Johnson City, TN)
    • Banner Health (Phoenix, AZ)
    • Baptist Health South Florida (Miami, FL)
    • CommonSpirit Health (Chicago, IL)
    • Genesis Health System (Davenport, IA)
    • Henry Ford Health System (Detroit, MI)
    • McLaren Health Care (Grand Blanc, MI)
    • Riverside Health System (Newport News, VA)
    • St. Luke’s University Health Network (Bethlehem, PA)
    • Texas Health Resources (Arlington, TX)
    • Universal Health Services, Inc. (King of Prussia, PA)
    • University Hospitals (Cleveland, OH)
     


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    Vizient partners with IBM Watson Health to support healthcare providers performance-improvement needs
     Vizient Inc. (Irving, TX) entered into a partnership with IBM Watson Health. Vizient said the partnership will allow each company to help better serve its customers in the areas of performance-benchmarking, strategic planning, and clinical and operational performance. Through the partnership agreement, IBM Watson Health is withdrawing the following offerings from its portfolio and offering a transition path for its clients to Vizient’s analytics portfolio:
    • IBM ActionOI: Vizient will support the ActionOI functionality through Vizient Operational Data Base (ODB) which provides operational benchmarking plus services for peer networking.
    • IBM CareDiscovery: Vizient will offer Vizient Clinical Data Base (CDB) which provides clinical performance improvement plus OPPE reporting and new peer networking opportunities focused on operational and clinical performance improvement.
    • IBM Market Expert: Vizient will offer Vizient Sg2 Market Edge, which integrates strategic growth intelligence with advanced analytics to enable full continuum strategic planning.
     


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