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Merck, Tencent to collaborate on China healthcare

“Merck KGaA (MRK.XE) said Wednesday that it has signed a strategic collaboration agreement with Tencent Holdings Ltd. (0700.HK) to develop digital healthcare services in China” writes Cristina Roca for marketwatch.com. The German company said it will work with the internet service provider to increase public knowledge on diseases and to make healthcare more accessible through digital platforms.The focus will be on all the treatment areas that Merck’s healthcare business currently deals with in China, including allergies, infertility, diabetes, thyroid disorders, cardiovascular diseases and oncology, Merck said. Source: marketwatch.com

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Government healthcare is more expensive than private healthcare

“This being something that isn’t going to happen if government-run, no-insurance-company-profit healthcare is more expensive in the first place” reports washingtonexaminer.com. That city-owned, not-on-any-insurers’-network provider of healthcare seems to be more expensive than the private sector.The lust for profits, for example: Does that drive healthcare forward as it does in nearly all other areas of production?. This is proof that single-payer healthcare is going to be cheaper?.  Source: washingtonexaminer.com

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Crowe Launches Cash Management Solution For Hospitals

“The financial services sector is promoting innovation in the area of healthcare financial management” reports pymnts.com. Accounting, consultancy and technology firm Crowe is rolling out a new solution designed for hospitals to automate daily bank reconciliation processes and manage cash flow, the company said in a recent announcement.Crowe is addressing this friction with the rollout of its Crowe Automated Reconciliation for Healthcare tool, providing hospitals a three-way match solution between their general ledgers, patient accounting systems and banking providers.Hospitals can often struggle to manually reconcile cash flow coming from multiple…

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Health profiles soon available on mobile phones

“An electronic health record (EHR) is the systematized collection of patient and population electronically-stored health information in a digital format” reports tehrantimes.com. Another new priority of healthcare reform plan is to counteract the effects of sanctions on the health system.According to Haqdoust, the healthcare reform plan is currently being revised and new priorities are being determined.TEHRAN- By the end of the current Iranian calendar year (March 20), all Iranians can see their health profiles on their mobile phones, said the deputy health minister for planning. “By providing this service and…

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Indiana AG Curtis Hill: After Obamacare, what’s next for healthcare?

“Choice, freedom, and the roles of the individual states must remain part of the healthcare equation in America” reports washingtonexaminer.com. Across the nation, meanwhile, individual states are also taking their own steps to increase the number of people covered by health insurance.Now that Indiana and 19 other states have won a lawsuit against the Affordable Care Act, what’s next for healthcare in America?. This consumer-driven program provides health insurance coverage for adults with incomes up to 133 percent of the federal poverty level.The Healthy Indiana Plan serves the state well,…

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Walgreens and Microsoft partner to develop digital healthcare services

“(Reuters) – Drugstore chain Walgreens Boots Alliance Inc and Microsoft Corp said on Tuesday they have entered a seven-year agreement to research and develop new methods of delivering healthcare services through digital devices” writes Midwest Communications Inc for 95kqds.com. Walgreens and Microsoft will also develop healthcare solutions to reduce emergency room visits and decrease hospital readmissions while lowering the cost of care, the companies said. Microsoft will become Walgreens’ cloud provider through the agreement and the Microsoft 365 software will be rolled out to more than 380,000 Walgreens employees and…

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Markets News Stocks 

Best U.S. fund managers of ’18 buying healthcare, pot stocks as market wobbles

“The S&P 500 tumbled in the fourth quarter, edging close to the 20 percent decline from its high that would signify a bear market” writes Midwest Communications Inc for 95kqds.com. He began buying shares in the company when it traded around $84 a share in late December.Since hitting a low on Christmas Eve, the broad market is up nearly 11 percent.”We believe that the stock could double over the next three to four years if they continue executing,” Zackery said. Source: 95kqds.com

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2 retail giants are feuding over prescription drugs and it signals a ‘seismic shift’ for the future of healthcare

“T.J. Crawford, a CVS spokesman, said that Walmart’s exclusion from Caremark isn’t designed to push more customers into CVS stores” writes Zachary Tracer for businessinsider.com. “This issue underscores the problems that can arise when a PBM can exert their unregulated power to direct members on where to fill their scripts, disrupting patients’ healthcare,” Walmart said in a statement.The change applies to commercial and managed Medicaid customers, but not to individuals with Medicare prescription drug plans.”There’s a need to create a real, true front door for healthcare that hasn’t existed,” Osborne…

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U.S. healthcare stocks seen maintaining momentum after strong 2018

“The healthcare sector struggled ahead of the 2016 election, with the high U.S. cost of prescription medicines a prominent issue during the presidential campaign” reports businessinsider.com. Healthcare shares overall rose 4.7 percent last year, one of only two S&P 500 sectors, along with utilities, to post positive returns in 2018 as the benchmark index fell 6.2 percent.The healthcare sector has lagged in the early days of 2019, rising less than 1 percent against a 3 percent rise for the S&P 500.For 2019, healthcare companies in the S&P 500 are expected…

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