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July 21, 2017

Sponsored

  • OpenMarkets exhibiting at AHRMM17, hosting an insider tour of D.C.
  • Distributor News

  • Cardinal Health establishes grant program to support healthcare systems missions to reduce risk of opioid overdose, dependency
  • Manufacturer News

  • Ortho Clinical Diagnostics receives CE Mark for Orthos VITROS Insulin Reagent & Calibrators
  • Tips for Greater Success

  • 5 Ways to Promote a Connected Culture
  • Government News

  • CMS considers launching behavioral health pay model
  • Hospital and IDN News

  • UPMC, Butler Health System form JV for obstetric and gynecological care
  • GPO News

  • Premier Inc analysis finds hospitals making significant strides in optimizing blood use
  • News of the Weird

  • 9-yr-old trips, falls, and discovers 1.2 million-year-old fossil
  • Glass-smashing goat vandalizes business
  • Stock Watch

  • Health Stocks
  • Sponsored
    OpenMarkets exhibiting at AHRMM17, hosting an insider tour of D.C.
    OpenMarkets will help bring healthcare suppliers and providers together during the Association for Healthcare Resource and Materials Management’s Conference and Exhibition (AHRMM17) July 23-26 in Washington, D.C. OpenMarkets will be at booth number 417 in the Exhibit Hall. The OpenMarkets team will focus on demonstrating the new Exchange during Exhibit Hall hours. As the newest part of the OpenMarkets platform, the Exchange brings healthcare providers and equipment suppliers together. The Exchange helps hospitals buy cost-friendly equipment faster and easier.
    Schedule an onsite demo of the Exchange here.
    Additionally, Tom Derrick, OpenMarkets co-founder and SVP, and the OpenMarkets team will host a walking tour of some of Washington D.C.’s historic sites at night on Tuesday, July 25. “As a native of D.C.,” Derrick says, “the best way to see the monuments in our nation’s capital is on foot, on a beautiful summer night. And we’ll share some history and commentary along the way.” The tour will meet in the Marriott Marquis lobby at 9 p.m. on the 25. To join the tour, conference attendees should register here.
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    Distributor News
    Cardinal Health establishes grant program to support healthcare systems missions to reduce risk of opioid overdose, dependency
    With philanthropic investments from the Cardinal Health Foundation's Generation Rx program, 10 healthcare organizations across the country will create measurable action plans designed to modify opioid prescribing, increase patient engagement and improve outcomes for patients suffering from chronic, non-cancer pain. The pain management initiatives will help healthcare organizations better engage healthcare providers, patients, and caregivers to reduce the number of opioids prescribed for pain. Each grantee received $34,000 to $35,000 to support their prescriber education and patient engagement initiatives over the next year. Each organization will measure progress in terms of pain management, patient satisfaction and total number and potency of opioids prescribed. To learn more and see a list of grant recipients, click here.
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    Manufacturer News
    Ortho Clinical Diagnostics receives CE Mark for Orthos VITROS Insulin Reagent & Calibrators
    Ortho Clinical Diagnostics (Raritan, NJ) announced that Ortho’s VITROS Immunodiagnostic Products Insulin Reagent and Calibrators received CE Mark, broadening Ortho’s menu of tests that manage all aspects of diabetes and other pancreatic disorders. The assay is expected to be commercially available for use on all of Ortho’s VITROS Immunodiagnostic and Integrated Systems in Europe and other countries accepting the CE Mark during Q3 2017.
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    Tips for Greater Success
    5 Ways to Promote a Connected Culture
    In this week’s Tips for Greater Success, Dan Nielsen, founder of AmericasHealthcareLeaders.com and NIHCL.com, writes, "Last week we talked about building connections and cultivating authentic relationships. This week I want to share 5 ways in which leaders can promote connection throughout their organization—fostering a healthy, connected workplace culture:
    1. Be proactive when hiring. When interviewing potential new team members, make sure to focus on culture-fit as much as or even more than skill. Skill can be taught, so put more emphasis on finding people with the right character and values to connect with your team’s culture.
    2. Facilitate collaboration. Design projects and plan assignments that allow for teamwork and collaboration. Be careful not to inadvertently isolate team members by giving them assignments that don’t require connection and interaction with coworkers.
    3. Celebrate successes. Publicly recognize, affirm, and celebrate work well done, goals that have been achieved, and any other praise-worthy contributions and accomplishments. Emphasize group effort and celebrate as a team, as well as expressing appreciation for individual contributions.
    4. Foster mutual respect. In every meeting and team interaction, consistently model respect and support of others’ input and ideas, and make it clear that you expect the same from everyone on the team.
    5. Encourage camaraderie. Plan get-togethers outside of work throughout the year, and inject fun into the workweek whenever possible—movie trivia to start off long meetings, silly socks day once a month, birthday shenanigans for every team member’s special day, etc. Let loose, be creative, and encourage your team to do so too!"
    Click here to read the rest of this week's Tips.
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    Government News
    CMS considers launching behavioral health pay model
    The CMS is considering launching a new pay model that will target behavioral health services and seeking public comment on what the new effort should look like. The CMS announced that its Innovation Center would like to design a payment or service delivery model to improve healthcare quality and access for Medicare, Medicaid or Children's Health Insurance Program beneficiaries with behavioral health conditions. The model may address the needs of beneficiaries battling substance use or mental disorders. It could also target Alzheimer's disease and related dementias.
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    Hospital and IDN News
    UPMC, Butler Health System form JV for obstetric and gynecological care
    UPMC and Butler Health System (BHS) formed a joint venture for obstetric and gynecological care. Under the joint venture agreement, BHS and UPMC have acquired Advanced OB/GYN Associates. The practice name, “Advanced OB/GYN Associates” will remain unchanged. The physicians, physician assistants and midwives, as well as the patients of Advanced OB/GYN Associates will have access to UPMC experts.
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    GPO News
    Premier Inc analysis finds hospitals making significant strides in optimizing blood use
    According to Premier Inc (Charlotte, NC) a nationwide analysis of 645 hospitals found a 20% decrease in blood utilization across 134 diagnoses that account for 80% of red blood cell use. The analysis illustrates the strength of having comparative data analytics to drive performance improvement. Premier conducted the analysis using inpatient data on more than 27 million discharges from 2011 through the first half of 2016. Significant decreases in blood use were a direct result of provider efforts to optimize care by improving stewardship of this costly commodity through the use of evidence-based practices around blood use. Blood transfusions can cost upwards of $1,000 per unit when accounting for all direct and indirect costs. When used unnecessarily, blood transfusions can also diminish quality of care, increasing the likelihood of allergic reactions, fever, lung injury, immune suppression, iron overload and other adverse events.
    To learn more about the study and its findings, click here.
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    News of the Weird
    9-yr-old trips, falls, and discovers 1.2 million-year-old fossil
    Jude Sparks was only 9 years old when he made a remarkable paleontological discovery. While out for a walk with his family in Las Cruces, New Mexico in November, Jude, tripped and fell while running to hide from his younger brothers. He found himself face to face with something that, he said, looked like “fossilized wood.” It looked like a massive jaw. Jude’s younger brother thought it belonged to a cow skull. His parents, Michelle and Kyle Sparks, thought it resembled the remains of an elephant. They took a picture of the object to investigate further. A bit of research led them to believe that what they had found did not really match the remains of an elephant. They sent an email to a biology professor at nearby New Mexico State University, Peter Houde. He recognized the find almost immediately. These were the remains of a long-extinct Stegomastodon, and Jude had tripped over its fossilized tusk.
    “This is really very unusual to find,” he said, explaining that prehistoric remains are so fragile that they typically disintegrate shortly after erosion exposes them to the elements. The Sparkses simply got lucky by visiting the site shortly after strong rains had exposed the fossil.
    When Dr. Houde and the Sparks family visited the remains one day after Jude’s discovery, they made sure to bury them again. After months of arranging a team, getting money, and securing a permit, the skull was finally excavated in May.
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    Glass-smashing goat vandalizes business
    While most businesses just have burglars to worry about, one Colorado company also discovered it needs to protect itself from a herd of hard-headed goats. Surveillance video taken at a Boulder County business on Sunday captured a goat smashing out the building’s front glass windows as its buddies scurried around in the background. Greg Cappaert, who works for polyurethane producer Argonics, said the company’s general manager came in on Monday morning to find one glass door and a floor-to-ceiling window shattered, prompting him to call 911.
    “His instant reaction is, ‘We’ve been robbed,’” Cappaert told local news. “He called police right away, and they are taking pictures and everything, and then he goes and checks the video.” Their findings were surprising.
    “For like 20 minutes [the goat] sat and banged on the front door,” Cappaert said. “He must have seen his reflection in the door and thought it was another goat. He was trying to beat up the whole building.”
    Cappaert said he later struggled with what to say when calling the insurance company. “What do you do about goats? What is the policy on having goats come and trash your front door?”
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    Stock Watch
    Health Stocks

    Quotes last updated at 7/21/2017 10:38:17 AM EST

    SymbolCompanyPriceChangeTrends
    MMM3M COMPANY210.59-1.86Analyze
    ABTABBOTT LABS50.73-0.12Analyze
    ABBVABBVIE INC74.985+0.975Analyze
    ALRALERE INC50.42+0.03Analyze
    ABCAMERISOURCEBERGN91.95+0.00Analyze
    BAXBAXTER INTL INC62.95-0.09Analyze
    BDXBECTON DICKINSON205.56+2.23Analyze
    BSXBOSTON SCIENTIFIC27.78+0.05Analyze
    BVXBOVIE MEDICAL CORP2.45+0.00Analyze
    BMYBRISTOL MYERS SQ55.63+0.19Analyze
    CMNCANTEL MEDICAL81.14+0.62Analyze
    CAHCARDINAL HEALTH76.88-0.44Analyze
    CPHDCEPHEID52.95+0.00Analyze
    CERNCERNER CORP65.73+0.27Analyze
    CLXCLOROX131.10+0.21Analyze
    CNMDCONMED CORP50.195-0.275Analyze
    BCRCR BARD INC322.82+0.92Analyze
    CRYCRYOLIFE19.35-0.05Analyze
    DHRDANAHER83.30+0.10Analyze
    DVCRDIVERSICARE HEALTHCARE SERVICES9.70+0.30Analyze
    DYIIDYNACQ HEALTHCARE0.05+0.00Analyze
    ESRXEXPRESS SCRIPTS62.37-0.27Analyze
    GEGENERAL ELECTRIC COMPANY25.5665-1.1235Analyze
    HCAHCA85.86+0.10Analyze
    HSTMHEALTHSTREAM INC26.22+0.09Analyze
    HSICHENRY SCHEIN184.99+0.55Analyze
    HRCHILL-ROM HOLDINGS INC83.1805-0.2995Analyze
    HMSYHMS HOLDINGS19.41+0.07Analyze
    HOLXHOLOGIC INC45.42+0.01Analyze
    ICUIICU MEDICAL175.95+0.40Analyze
    IARTINTEGRA LIFESCIENCES HOLDINGS CORP55.94+0.24Analyze
    JNJJOHNSON & JOHNSON135.44-1.13Analyze
    MASIMASIMO CORP97.28+0.01Analyze
    MCKMCKESSON CORP165.33+0.26Analyze
    MDASMEDASSETSN/A+0.00Analyze
    MDTMEDTRONIC INC85.755+0.085Analyze
    MMSIMERIT MEDICAL SYSTEMS39.50+0.10Analyze
    MSFTMICROSOFT74.05-0.17Analyze
    MDXGMIMEDX GROUP INC15.18+0.19Analyze
    MYLMYLAN LABS39.18-0.31Analyze
    ^IXICNASDAQ Composite6379.6455-10.3564Analyze
    OMCLOMNICELL43.50+0.35Analyze
    OMIOWENS & MINOR31.95-0.06Analyze
    PHGPHILIPS35.96-0.37Analyze
    PINCPREMIER INC35.52-0.02Analyze
    QDELQUIDEL CORP37.855+0.125Analyze
    ^GSPCS&P 500 Index2468.10-5.35Analyze
    SNNSMITH & NEPHEW34.98-0.22Analyze
    SWKSTANLEY BLACK & DECKER INC146.03-0.63Analyze
    STESTERIS CORP82.2125+0.0225Analyze
    SYKSTRYKER CORP147.57+0.17Analyze
    SGCSUPERIOR UNIFORM GROUP21.39-0.38Analyze
    TFXTELEFLEX MEDICAL213.46+0.89Analyze
    TMOTHERMO FISHER SCI182.6799+1.1299Analyze
    ZMHZIMMER HOLDINGSN/A+0.00Analyze
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