Dementia is a substantial and growing source of cost to the Medicare program.
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Hello Heart, a vendor of another digital heart health tracker, raises $12 million in new financing. I have no clue why investors think we need the 400th iteration of this digital tracking crap that no one is going to find long-term value in.
https://venturebeat.com/2019/07/30/hello-heart-raises-12-million-to-improve-employees-heart-disease-outcomes/Prices for generic drugs have actually fallen fairly rapidly in recent years, according to a study from the National Bureau of Economic Research.
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This year's version of the Milliman Medical Index is out, giving medical cost trend information for employment-based health insurance.
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Digital disease management firm Livongo also went public, raising $350 million and has a valuation of over $2.5 billion. As with Health Catalyst, the shares rose over 40% on the first day of trading and even more so, the valuation is ridiculous and the firm will never live up to it. Can you say Castlight or Evolent.
https://medcitynews.com/2019/07/shares-surge-in-the-public-market-debuts-of-livongo-and-health-catalyst/?utm_campaign=MCN%20Daily%20Top%20Stories&utm_source=hs_email&utm_medium=email&utm_content=75053241&_hsenc=p2ANqtz-8Ddhc0SlvI3WJX8ddgIKZIp3p2gfA2Z58rDDqMHQjTHV3g3zerMykGlxYvzTTimXFAK413d5W_F-ISAPIqruOZesN2F9d8hIPlheIuw-G1sj_L_9A&_hsmi=75053241Health Catalyst, the vendor of data analytics for health systems raised $182 million in its initial public offering, and promptly saw a 40% rise in the share price. Don't mean to rain on the parade but this is just an absurd valuation and while the VCs undoubtedly will do well, investors buying in the public market are due for a huge disappointment.
https://www.pehub.com/2019/07/vc-backed-health-catalyst-debuts-ipo/A report from the Patient Centered Primary Care Colloborative discusses primary care spending by state.
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AHRQ issues a new Statistical Brief updating information relating to employment-based health care coverage.
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A new Kaiser Family Foundation brief examines persistently high-cost patients.
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Large European conglomerate Philips has expanded its burgeoning health division by acquiring Medumo, which helps hospitals communicate with patients through text and email.
https://www.fiercehealthcare.com/tech/philips-acquires-patient-navigation-company-medumo?mkt_tok=eyJpIjoiTTJZNE1qRm1ZVEZqWkRobSIsInQiOiJsYzJvelVBdGx2YnkrOEY2WUU1ZFVUXC9TTkcwcXNuNTg0cFwvekV3YnJ6amJBNFFGSEVQRXRyUkJHb2RLSEhVYWxvUHVpUWc1QXpmK1d1QjNhSTZBdDVadmtcL1R4N1wvSkNKaXZsMFFYQzRQZkwxVGVFYzJUYVNxb2xyamVOYzFZekQifQ%3D%3D&mrkid=635530Research in NEJM analyzes eight years' experience with the Massachusetts BCBS alternative quality contract.
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About this Blog
The Healthy Skeptic is a website about the health care system, and is written by Kevin Roche, who has many years of experience working in the health industry. Mr. Roche is available to assist health care companies through consulting arrangements through Roche Consulting, LLC and may be reached at khroche@healthy-skeptic.com.
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