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July 2, 2020

Market Research

  • Heart conditions drove spike in deaths beyond those attributed to COVID-19
  • From the Publisher

  • Meyer to play 113 golf holes, marking 13th year of 100 Holes for Our Heroes Fundraiser
  • Distributor News

  • McKesson realigns organizational structure
  • Manufacturer News

  • Protaryx Medical raises $8.3M to develop device for precision transseptal access to left atrium
  • Hospital and IDN News

  • Houston hospitals transferring COVID-19 patients to outlying cities
  • HealthPartners permanently closing seven clinics, plus drug treatment program
  • ICUs close to capacity at three Southwest Florida hospitals
  • Healthcare IT News

  • Teladoc Health acquires InTouch Health
  • GPO News

  • NEXT Medical Products receives Vizient Novaplus contract for ultrasound gel
  • Market Research
    Heart conditions drove spike in deaths beyond those attributed to COVID-19
     Fear of seeking care in hospitals overwhelmed by the pandemic may have caused thousands of deaths as federal data analysis from five hard-hit states and New York City points to 8,300 more deaths from heart problems than would have been typical from March through May. That is an increase of roughly 27% over historical averages. The spike led to Illinois, Massachusetts, Michigan, New Jersey and New York state and the city having a combined 75,000 “excess deaths” during that three-month period. The review suggests that many patients suffering from serious conditions died as a result of delaying or not seeking care as the pandemic progressed in the U.S.
     


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    From the Publisher
    Meyer to play 113 golf holes, marking 13th year of 100 Holes for Our Heroes Fundraiser
     Carl Meyer, executive vice president of The Wetrich Group, will play 113 holes on July 4 at the Chenequa Country Club (Chenequa, WI), weather permitting, to mark the 13th year of fundraising for Hire Heroes USA, a nonprofit organization dedicated to helping veterans and military spouses find meaningful employment. Meyer has received pledges for more than $70,000 for this year’s event and is hoping to raise at least $100,000. Funds will used for virtual career coaching and volunteer mentoring. Meyer has been participating since 2007 and raised a total of more than $900,000.
     


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    Distributor News
    McKesson realigns organizational structure

     
       
       
    McKesson Corporation announced changes to its reportable business structure. The company has revised its reportable segments commencing in the Q2 of fiscal 2021. Under the realignment, McKesson will have four reportable segments. The new reportable segments are:
     
    Medical-Surgical Solutions
    • Led by Stanton McComb, president
    • Unaffected by the realignment
    U.S. Pharmaceutical and Specialty Solutions (USPSS) becomes U.S. Pharmaceutical (USP)
    • Led by Kirk Kaminsky, president
    • Focus will continue to be wholesale drug distribution and value-added technology solutions for retail pharmacies, health systems, payers, and community providers
    • Will also continue with the company's comprehensive solutions offered through The US Oncology Network, US Oncology Research, McKesson Data Evidence and Insights, and Biologics by McKesson specialty pharmacy
    Prescription Technology Solutions (RxTS)
    • New reportable segment bringing together RelayHealth, CoverMyMeds, and RxCrossroads by McKesson to serve the company's biopharma and life sciences partners
    • Led by Nathan Mott, president
    • Connects pharmacies, providers, payers and biopharma for next-gen. patient access and adherence solutions
    International
    • Newly established reportable segment
    • Combines McKesson Canada and McKesson Europe
    • Led by Kevin Kettler, who will also retain responsibilities as CEO and chairman of the management board for McKesson Europe
    • Domenic Pilla remains CEO of McKesson Canada
    • Brings together non-U.S.-based drug distribution services, specialty pharmacy, retail and infusion care services
    • Focus will be enabling and accelerating the delivery of affordable, quality healthcare solutions
    • Will further leverage the company’s scale and reach to drive value across key differentiators like the company’s owned retail pharmacy assets


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    Manufacturer News
    Protaryx Medical raises $8.3M to develop device for precision transseptal access to left atrium
     Protaryx Medical (Baltimore, MD) has raised $8.3 million to develop a first-in-class device for precision transseptal access to the left atrium during structural heart and catheter ablation procedures. The funding includes non-dilutive grants and a seed round totaling $3.2 million and a $5.1 million Series A financing led by Ajax Health and participation from the University of Maryland (UM) Ventures. The device is designed for use in catheter-based procedures such as mitral valve repair and replacement, left atrial appendage closure and catheter ablation to treat cardiac arrhythmias.
     


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    Hospital and IDN News
    Houston hospitals transferring COVID-19 patients to outlying cities
     Hospitals in Houston, TX, have felt the recent surge of COVID-19 patients and Harris Health System, which operates Ben Taub and LBJ hospitals, is now transferring COVID-19 patients to other healthcare facilities in outlying areas. According to Harris Health System, 49% of the patients in Ben Taub’s ICU are COVID-19 positive. ICUs at Ben Taub and LBJ hospitals are at a combined 85% capacity.
     


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    HealthPartners permanently closing seven clinics, plus drug treatment program
     HealthPartners (Bloomington, MN) is permanently closing seven clinics plus a drug and alcohol treatment program as the coronavirus outbreak has accelerated a shift to online healthcare. HealthPartners and other clinic networks across Minnesota announced temporary closures for some medical offices this spring. And a recent decline in health insurance customers at HealthPartners, which sells health plans in addition to running nine hospitals and dozens of clinics, may have been a factor in permanently closing the seven clinics, according to Allan Baumgarten, an independent healthcare analyst.
     


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    ICUs close to capacity at three Southwest Florida hospitals
     Three of Southwest Florida’s nine acute-care hospitals are close to capacity for ICU beds for adults due to the growing number of COVID-19 patients. Cape Coral Hospital (Naples, FL), a Physicians Regional Healthcare System, and Lehigh Regional Medical Center (Lehigh Acres, FL) had full ICUs this week, according to the Florida Agency for Health Care Administration’s daily bed tracker. Lee Health (Fort Myers, FL) and NCH Healthcare System have also seen steadily increasing numbers of patients who have been isolated for the virus.
     


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    Healthcare IT News
    Teladoc Health acquires InTouch Health
     Teladoc Health (Purchase, NY) has acquired InTouch Health (Santa Barbara, CA) and will integrate InTouch Health’s telehealth capabilities linking providers to one another in complex medical environments. Teladoc Health will connect the care experience across in-patient, outpatient and home care settings. Pursuant to the terms of the agreement, the purchase price consists of approximately $150 million and 4.6 million shares of Teladoc Health common stock.
     


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    GPO News
    NEXT Medical Products receives Vizient Novaplus contract for ultrasound gel
     NEXT Medical Products Company (Branchburg, NJ) announced its new Novaplus contract with Vizient for Ultrasound Gel, effective July 1, 2020. Vizient member organizations will be able to acquire this high quality ultrasound gel at enhanced savings as part of the Novaplus private label program. Individual patient ultrasound gel packets, which are especially desirable by clinicians during the COVID-19 pandemic, are also included in the contract. NEXT Medical Products is a manufacturer of ultrasound gels with a product history dating from 1991. It is also a certified minority, woman-owned small business.

     
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