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How Geisinger Health System Reduced Opioid Prescriptions

“Pain medications are frequently not completely used and are the most common type of drug to result in leftovers” reports hbr.org. Among patients with chronic non-cancer pain, we’ve seen reduced health care utilization, including fewer emergency department visits.Now deployed in 15 primary care and specialty sites across Geisinger, these pharmacists actively manage pain medications for over 1,500 patients.  We encourage every health system to adopt these and other best practice strategies while sharing new approaches to combatting the opioid epidemic. Source: hbr.org Share This:

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Hospital worker arrested on suspicion of poisoning patients amid neglect allegations

“A healthcare professional has been arrested on suspicion of poisoning patients at Blackpool Victoria Hospital” writes Telegraph Reporters for telegraph.co.uk. A police spokesman said: “A healthcare professional was arrested in relation to these allegations.Detective Chief Insp Jill Johnston said: “This arrest is part of an on-going investigation into allegations of mistreatment of patients by a healthcare professional at Blackpool Victoria Hospital.Lancashire Police said they had been contacted by the Blackpool Teaching Hospitals NHS Foundation Trust on November 8 over allegations of mistreatment and neglect of patients at the stroke unit. Source:…

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News Stocks 

Stocks mostly rise, powered by healthcare and energy companies

“California power provider PG&E surged 37.5% to $24.40 after the president of the utility’s state regulator said it was essential for a power company to have the financial strength to operate safely” writes Associated Press for latimes.com. The remark late Thursday by California Public Utilities Commission President Michael Picker appeared to reassure investors who worry that the company may face a torrent of costs related to the devastating Camp fire in Northern California. Source: latimes.com Share This:

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In rural France, Macron seeks remedy for ‘healthcare deserts’

“President Emmanuel Macron has put rural France at the heart of an overhaul of the healthcare system which he announced on Sept. 18, promising more money and doctors for what he called “healthcare deserts” in areas outside big cities” writes Midwest Communications Inc for 95kqds.com. Although France enjoys a reputation for having one of the world’s best healthcare systems, it has an aging population and a shortage of doctors, especially in rural areas. Source: 95kqds.com Share This:

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Athenahealth sold for $5.7 billion after activist fund Elliott Management pulls bid

“Private equity firms Veritas and Evergreen Coast Capital agreed to buy Athenahealth, the healthcare software firm that an activist investor had previously attempted to take over, for $5.7 billion” reports washingtonexaminer.com. The former chief executive officer of the Watertown, Mass.-based company departed earlier this year amid contentious discussions with billionaire Paul Singer, whose firm, Elliott Management, later dropped its bid.While no major healthcare legislation is likely to be passed once control of Congress is split between Democrats and Republicans in January, there are some areas of potential compromise.In the past,…

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A healthcare company that fought an 18-month battle with an activist investor just struck a $5.7 billion deal to end the fight

“On Monday, the healthcare company reached a $5.7 billion agreement with Veritas Capital and Elliott Management to be acquired” writes Lydia Ramsey for businessinsider.com. Under the two investment firms, Athenahealth will be joined up with Virence Health, a company Veritas acquired in 2018 for $1 billion from GE Healthcare.Elliott took a stake in the company in 2017 and started putting pressure on the company to sell itself.The deal, which values Athenahealth at $135 a share, follows months of pressure from Elliott to strike a deal and go private.”Combining with Virence…

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HHS to pursue Medicare payment reforms that past Republicans spurned

“Republicans were reticent to support his proposal to tie Medicare payments for certain drugs to the price paid overseas” reports washingtonexaminer.com. The statement is the latest sharp break from GOP orthodoxy for HHS. The GOP railed against the Obama administration for making similar experiments mandatory.The Trump administration will pursue more experiments to reshape how it pays for healthcare services through Medicare, even though Republicans in Congress pushed back on making similar experiments mandatory during the Obama era. Source: washingtonexaminer.com Share This:

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Crypto News 

PwC Research Shows Blockchain is Disrupting a Large Part of the Healthcare Industry

“Besides finance, what other industries do you think will be significantly impacted by blockchain technology?” writes Jp Buntinx for livebitcoinnews.com. Things are a bit different in the healthcare industry.The healthcare industry appears to be favoring this technology at this time.Most healthcare companies see this technology as a viable tool for data sharing and improving quality.PricewaterhouseCoopers (PwC) officials confirm that roughly half of the industry’s organizations are looking at blockchain in one way or another. Source: livebitcoinnews.com Share This:

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Health experts propose a red meat tax to recoup $172 billion in health care-costs

“However, with different laws in different jurisdictions a global meat tax would prove very hard to implement” writes unknown author for cnbc.com. Hundreds of billions of dollars could be put toward health-care costs every year if a tax was applied to red and processed meat, Oxford University researchers said Wednesday.As well as offsetting health-care costs, researchers said their proposed tax could lead to a 16 percent decline in the global consumption of processed meat.A new study from the U.K. university said introducing a health tax on such products would offset…

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