Magellan Health Reports Second Quarter 2014 Financial Results – Yahoo Finance

Baidu’s Health Cloud Aims To Be The App Store For Distance Health Management – Forbes


We have plans in place to address the cost of care issues over the balance of the year. Capitalizing on the current favorable credit markets, we have put in place a new five-year credit facility to provide capacity for future investments. This facility will allow Magellan to continue to grow its business, while efficiently deploying capital to maximize shareholder return. The company reaffirmed its 2014 guidance ranges for full-year net income of $53 million to $69 million, segment profit of $238 million to $258 million, and cash flow from operations of $204 million to $226 million, excluding the net shift of restricted funds between cash and investments. The company updated its guidance for diluted earnings per share to a range of $1.90 to $2.47 per share, based on updated fully diluted shares 27.9 million. This updated share amount reflects share repurchases and option exercises through the close of business on July 21, 2014, but excludes any potential activity that may occur during the remainder of the year. The company also reaffirmed its 2014 guidance range for full-year adjusted net income of $74.5 million to $92.5 million, which results in adjusted earnings per share of $2.67 to $3.32. Earnings Conference Call Management will host a conference call at 11 a.m.

Actually, the reason why the latest Baidu news is surprising to me is the government seems to have changed its stance in allowing an Internet company that had no experience and expertise to operate in a highly specialized field where stake can be so high. Yet if anyone can do it at all, Baidu seems to be uniquely positioned the company has been enjoying cozy relationship with the government, playing a significant role in the latters censorship and global cultural expansion. Robin Li , Baidus CEO was among President Xis entourage in his state visits to South American countries and gave a presentation to Xi and Brazilian President about the companys new Portuguese language search engine. In fact, at yesterdays launch event, officials from Beijing government was present; Baidu stated that the municipal government would be its partner in building multiple user experience centers across the city which seems aimed to ensure investors that the government is on its side. Baidu has no plan to build the entire infrastructure on its own. The idea, rather, is to build something that resembles Apple Apple s App Store an open platform that everyone can develop hardware and applications this is corroborated by the fact that the six devices that Baidu currently uses, including a smart wristband, and a smart electrocardiogram, are of different brands. Baidu suggested that in the future, it would enlist more hardware manufacturers, and even work with professional weight-losing consultancies to send users fitness advices through its network based on analysis of the health data that the devices have collected. Sad News For iKang Among people who are bound to be taken aghast by Baidus move, there is iKang, alex simring related site a Nasdaq-listed Chinese health management institution that provides health examination service through its chain. In the past, iKang is known for being a steadfast champion of the concept of distance health management. Being outdone by Baidu is probably a blow to its morale, if not business prospect. In a June 20 media interview, Zhang Ligang, president of iKang, when talking about the companies future, especially mentioned the potential of smart health tracking devices and cooperation with large Internet companies.
Baidu’s Health Cloud Aims To Be The App Store For Distance Health Management – Forbes

Health Affairs Study Reinforces Notion That EHRs Discourage Medicare Fraud – Forbes

That fear seems to be unfounded, at least for the time before the federal EHR incentive program known as Meaningful Use, according to two prominent researchers. An analysis of Medicare payment data, cross-referenced with American Hospital Association surveys about health IT adoption between 2008 and 2010, found no statistically significant relationship between Medicare inpatient payments and use of EHRs, according to a paper published this month in the policy journal Health Affairs. In fact, while payments per hospital discharge actually grew faster during the study period for non-EHR users than for those hospitals that had switched to electronic records. It did not matter whether the hospital was for-profit or nonprofit, or whether the hospital had adopted computerized physician order entry (CPOE) or digitized clinical notes. One plausible explanation for our findings is that most institutions had heavily invested in optimizing coding before they adopted EHRs. Hospitals operate on thin financial margins and therefore likely work hard to maximize reimbursement. Thus, simply having more electronic data or better documentation may not provide as much of an opportunity to increase coding as has been postulated, write the authors, Julia Adler-Milstein of the University of Michigan School of Public Health and a former professor of hers, Dr.
Health Affairs Study Reinforces Notion That EHRs Discourage Medicare Fraud – Forbes


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s