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February 21, 2018

Government News
  • Trump administration eases rules on health insurance
  • CMS projects 5.3% healthcare spending increase
  • Provider Services News
  • Albertsons, Rite Aid announce merger
  • Amazon offering line of OTC products
  • Apple introduces medical records solution
  • Distributor News
  • Supreme Medical launches new Homecare & Post-Acute Catalog
  • Hospital and IDN News
  • Cleveland Clinic operating school-based medical clinic
  • Mayo Clinic CEO to retire at end of 2018
  • Report: UNC Health Care, Atrium Health negotiations hit snag
  • Stock Watch
  • Health Stocks
  • Government News
    Trump administration eases rules on health insurance
    The Trump administration made a controversial move to expand access to health insurance plans that do not meet the requirements under ObamaCare, according to TheHill.com. The proposed rules would allow people to buy short-term health insurance for up to 12 months, lifting restrictions from the Obama administration that limited the coverage to a maximum of three months. It's the latest step taken by the Trump administration to open up cheaper, less-comprehensive insurance options as an alternative to people signing up for ObamaCare. Republicans say these options are needed to help people facing high costs under the health law.
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    CMS projects 5.3% healthcare spending increase
    Healthcare industry spending will increase this year - by 5.3%, according to a government agency. In its report, the US Centers for Medicare and Medicaid Services (CMS) believes this uptick is driven by several factors, namely the aging baby-boom population (which translates to increased Medicare enrollment), a surge in the costs of medical goods and services, and more disposable income, Insurance Business reported. CMS is projecting that healthcare spending will, on average, rise 5.5% annually, from 2017 to 2026. The industry's spending will comprise 19.7% of the US economy in 2026, up from 17.9% in 2016. The agency is also predicting that, by 2026, health spending will reach $5.7 trillion.
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    Provider Services News
    Albertsons, Rite Aid announce merger
    Albertsons Companies (Boise, ID), one of the nation's largest grocery retailers, and Rite Aid Corporation (Camp Bill, PA), one of the nation's leading drugstore chains, announced a definitive merger agreement under which privately held Albertsons Companies will merge with publicly traded Rite Aid. The integrated company will operate approximately 4,900 locations, 4,350 pharmacy counters, and 320 clinics across 38 states and Washington, D.C., serving 40+ million customers per week. Most Albertsons Companies pharmacies will be rebranded as Rite Aid, and the company will continue to operate Rite Aid stand-alone pharmacies.
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    Amazon offering line of OTC products
    Amazon has launched an exclusive line of over-the-counter health products, in a possible challenge to pharmacy retail chains that could spark a price war and put pressure on store-brand profit margins, according to a CNBC report. The company doesn't own these products, which are produced by private-label manufacturer Perrigo, but it does put Amazon in a position to squeeze other retailers, the report said. Amazon launched the Basic Care line in August, including 60 products ranging from ibuprofen to hair regrowth treatment. Read more at: https://www.cnbc.com/2018/02/20/amazon-has-quietly-launched-an-exclusive-line-of-over-the-counter-health-products.html
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    Apple introduces medical records solution
    Apple (Cupertino, CA) recently introduced a "significant update" to the Health app with the iOS 11.3 beta, debuting a feature for customers to see their medical records right on their iPhone, according to a company release. The updated Health Records section within the Health app brings together hospitals, clinics and the existing Health app to make it easy for consumers to see their available medical data from multiple providers whenever they choose. Johns Hopkins Medicine, Cedars-Sinai, Penn Medicine and other participating hospitals and clinics are among the first to make this beta feature available to their patients. In the past, patients' medical records were held in multiple locations, requiring patients to log into each care provider's website and piece together the information manually. Apple worked with the healthcare community to take a consumer-friendly approach, creating Health Records based on FHIR (Fast Healthcare Interoperability Resources), a standard for transferring electronic medical records. Now, consumers will have medical information from various institutions organized into one view covering allergies, conditions, immunizations, lab results, medications, procedures and vitals.
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    Distributor News
    Supreme Medical launches new Homecare & Post-Acute Catalog
    Supreme Medical (Mobile, AL), a national wholesale distributor of medical supplies and DME, has launched a new Homecare & Post-Acute catalog. Packed with over 40,000 items from more than 700 manufacturers, Supreme Medical will use this new resource to continue to build its Homecare division that is focused on serving HME/DME Providers, Independent Pharmacies, Home Health Agencies and Hospice Care providers across the nation. Homecare and Post-Acute providers can request a free copy of Supreme Medical's new catalog online by visiting: https://www.suprememedical.com/request-catalog
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    Hospital and IDN News
    Cleveland Clinic operating school-based medical clinic
    Cleveland Clinic's new school-based medical clinic at Lakewood High School has been operating for a month, but the official ribbon-cutting was scheduled for Feb 20, according to a Cleveland.com report. The facility operates during school hours and provides health care services to students and district employees who are enrolled in the school-based health program. Services provided include mental health evaluations, physicals, prescriptions, sick visits, vaccinations and shared medical appointments, as well as help with managing chronic conditions like asthma and diabetes. The opening of the Medical Clinic is an extension of Cleveland Clinic Children's School-Based Health Care program.
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    Mayo Clinic CEO to retire at end of 2018
    Mayo Clinic (Rochester, MN) President and CEO John Noseworthy, M.D., has announced he will serve another year at the request of the Mayo Clinic Board of Trustees. Dr. Noseworthy plans to retire from Mayo Clinic at the end of 2018. Dr. Noseworthy has been with Mayo Clinic for 28 years - nine as president and CEO. A search committee will be announced soon.
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    Report: UNC Health Care, Atrium Health negotiations hit snag
    According to the Charlotte News & Observer, negotiations to form one of the nation's largest health care companies in North Carolina are snagged on a sensitive issue: Who will control the joint organization overseeing some 60 hospitals and 90,000 employees. UNC Health Care CEO William Roper provided an update Tuesday after discussing the matter in a closed session with a special committee of the Board of Governors of the 17-campus UNC System. Roper said UNC and Charlotte's Atrium Health have resolved a number of issues but the talks now come down to control. That decision will ultimately have implications for UNC's medical research and the UNC School of Medicine, of which Roper is dean. Read more at: http://www.newsobserver.com/news/business/article201152499.html
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    Stock Watch
    Health Stocks

    Quotes last updated at 2/21/2018 9:25:08 AM EST

    SymbolCompanyPriceChangeTrends
    MMM3M COMPANY235.070.00Analyze
    ABTABBOTT LABS59.12-0.03Analyze
    ABBVABBVIE INC117.98-0.02Analyze
    ABCAMERISOURCEBERGN99.94-0.03Analyze
    BAXBAXTER INTL INC67.04-0.01Analyze
    BDXBECTON DICKINSON219.82+0.03Analyze
    BSXBOSTON SCIENTIFIC26.830.00Analyze
    BVXBOVIE MEDICAL CORP2.48-0.07Analyze
    BMYBRISTOL MYERS SQ67.35-0.01Analyze
    CMDCANTEL MEDICAL112.39-0.10Analyze
    CAHCARDINAL HEALTH68.84-0.03Analyze
    CERNCERNER CORP63.000.00Analyze
    CLXCLOROX128.78+0.01Analyze
    CNMDCONMED CORP61.000.00Analyze
    CRYCRYOLIFE17.900.00Analyze
    DHRDANAHER96.85+0.04Analyze
    DVCRDIVERSICARE HEALTHCARE SERVICES8.100.00Analyze
    DYIIDYNACQ HEALTHCARE0.05000.0000Analyze
    ESRXEXPRESS SCRIPTS76.050.00Analyze
    GEGENERAL ELECTRIC COMPANY14.740.00Analyze
    HCAHCA101.00-0.06Analyze
    HSTMHEALTHSTREAM INC23.670.00Analyze
    HSICHENRY SCHEIN67.970.00Analyze
    HRCHILL-ROM HOLDINGS INC83.01-0.05Analyze
    HMSYHMS HOLDINGS15.280.00Analyze
    HOLXHOLOGIC INC38.870.00Analyze
    ICUIICU MEDICAL225.200.00Analyze
    IARTINTEGRA LIFESCIENCES51.630.00Analyze
    JNJJOHNSON & JOHNSON130.87+0.04Analyze
    MASIMASIMO CORP85.580.00Analyze
    MCKMCKESSON CORP148.85+0.03Analyze
    MDTMEDTRONIC INC66.68 Analyze
    MMSIMERIT MEDICAL SYSTEMS45.500.00Analyze
    MSFTMICROSOFT92.720.00Analyze
    MDXGMIMEDX GROUP INC8.750.00Analyze
    IXICNASDAQ Composite7,234.310.00Analyze
    OMIOWENS & MINOR15.400.00Analyze
    PHGPHILIPS38.29-0.01Analyze
    PINCPREMIER INC31.570.00Analyze
    QDELQUIDEL CORP46.130.00Analyze
    INXS&P 500 Index2,716.260.00Analyze
    SNNSMITH & NEPHEW35.85-0.02Analyze
    SWKSTANLEY BLACK & DECKER INC159.21-0.10Analyze
    STESTERIS CORP64.19-0.02Analyze
    SYKSTRYKER CORP158.74-0.10Analyze
    SGCSUPERIOR UNIFORM GROUP24.370.00Analyze
    TFXTELEFLEX MEDICAL269.07-0.19Analyze
    TMOTHERMO FISHER SCI207.84-0.06Analyze
    ZBHZIMMER BIOMET HOLDINGS118.72+0.03Analyze
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