Showing posts with label Other Items of Interest. Show all posts
Showing posts with label Other Items of Interest. Show all posts

Monday, May 2, 2011

Community Health Systems Raises Bid by 20% for Tenet With Best and Final Offer

This makes yet another offer and we also have the lawsuit filed by Tenet against Community Health System too.  Who would ever think hospitals would be involved with hostile take overs, but here’s one.  Tenet is not to anxious to become part of Community Health from what we have seen and there’s also the investigation that HHS has started with Community too that was recently announced. 

Who’s advising Community on this affair, none other than Goldman Sachs.

Tenet Files Suit Accusing Community Health Of Inflating Hospital Admissions

Community Health has been working at a hostile takeover of Tenet which started back in January, or least that’s when it started receiving coverage in the news.  Community even went so far as to recommend replacing their board of directors with their suggestions.

Community Health Converts Bid to $3.3 Billion Bid in Cash-Warming Up For Some of the Most Complicated Algorithmic Auditing Lawsuits in History With Healthcare

We might just be warming up for the most technical lawsuits ever filed, the battles of the hospital algorithms.  We better get some better intelligence in Congress and seriously think about our processes as with digital illiteracy we as a nation of citizens are set to be screwed in more ways than one when all this shakes lose with formulas beyond normal comprehension with skewed and denied care for patients, but nobody did anything wrong, correct?

Tenet Tells Community Health Thanks But No Thanks in Response to Their Submission of 10 Nominees for Tenet’s Board of Directors

Community Health Systems Inc.'s boosted its hostile takeover offer for Tenet Healthcare Corp. by more than 20%, making a "best and final offer" and giving its rival a week to respond—the latest move in the contentious takeover fight.

Tenet said its board will review the revised proposal—which increases the all-cash bid to $7.25 a share, or some $4.07 billion, from $6 a share—and noted that its directors have unanimously rejected Community Health's previous offers. Tenet has been aggressive in battling its pursuer, including filing a federal lawsuit last month that accused Community Health of overbilling Medicare.

Community Health Raises Offer for Tenet by 20% - WSJ.com






Sunday, May 1, 2011

Eli Broad A Major Philanthropists Giving Away Millions For Medical Research and More (Video)

Eli Broad is one of the most generous philanthropists in the US today.  It is imageinteresting to hear the comments and Eli Broad wants to die relatively poor.  In the wild west we live in today with disruption and distraction, thank goodness philanthropy at this level exists.  Los Angeles is a major recipient and the view of what has occurred in downtown LA. The one parking lot shown is one that I know well as park there when attending Microsoft User Group meetings, been there many times, right on Grand avenue and watch the Disney Hall go up.  As the video states he practices “venture philanthropy” in other words he wants results and if he doesn’t see them he stops funding.  Bloomberg has some kind words as he has contributed to New York Schools and addresses the fact that people say Broad is hard to work with and says “its his money” so you play or you don’t play, makes sense to me. 

The Broad Institute of course is in Massachusetts and have one of the world’s largest genomic centers.  I have covered some of their news here from time to time and each time it seems there’s always a mention of buying more genomic sequencing machines. 

Broad Institute of MIT Purchases 51 Sequencing Machines from Illumina – Genomics

In January stem cell research at UCLA Edith and Eli Broad imageCenter had some major news relative to regenerative medicine for repairing brain injuries. 

UCLA Stem Cell Study Creates New Roads for Potential Repairing Brain Injuries-Regenerative Medicine

Broad is one of the Giving Pledge members, a campaign initiated by Warren Buffet and Bill and Melinda Gates.

Bill Gates & Warren Buffett – Call for Philanthropy To Give 50% of Their Fortunes To Help Others With “The Giving Pledge”

He talks about his own children not having the same ambition that he has and they are well taken care of and he states he has plenty to go around and Mr. Broad also makes his art available for display at museums too.   Both California and Massachusetts are miles ahead with research thanks to his donations.  His wish is to just be the “most respected” person around.  BD 

In this era of belt tightening, it's kind of refreshing to take a look at people whose happiest pastime is to give money away. Such a man is 77-year-old Eli Broad, a self-made billionaire, art collector and for the past ten imageyears one of the most consistently generous philanthropists in America - supporting education reform, medical research and the arts. Broad also wants to transform that sprawling monster of a city Los Angeles into a cultural capital.

Broad thinks big, but his critics say he can act very small: that he may give billions away, but that he tries to micromanage almost every dollar he gives. Broad doesn't really care what they say - all he wants to do is die poor. Well, relatively poor.

"When you've got one 800 pound gorilla in the room, you're scared to death of the guy. Everybody does want something from Eli. And since he is the biggest game in town, nobody wants to alienate him," art critic Christopher Knight said.

Why and how Eli Broad is giving billions away - 60 Minutes - CBS News






Company Advertisements Get Caught Making False Claims And Are Called to Task And So Much of This Activity is in Healthcare

Back in October of 2010 I wrote about everyone marketing their “ass” off and in addition to the foods and other side of healthcare we have it with software and other claims too on the web.  It’s like a virus out there to grab the consumer buck and with all the ground breaking technologies we do have today in healthcare, it’s sometimes hard for all of us to distinguish which is which!image

Why Is Almost Everyone In Healthcare Marketing Their “Ass” Off

Having a mother that is a senior really helps out here with me gathering some of this information together as being a senior she’s a big target out there as she’s aging and what the economists and others sometimes refer to heartlessly as “expensive” and don’t forget we are all going to get there some day so not a bad idea to cut some of this crap out with relaying news and product information today. 

Here’s an example of what happened last year with some behavior patterns that got out of whack with the focus on pay for performance and wrangling that consumer, my Mom into what they were pushing that day. Shoot even her health care plan and the drug store were giving her conflicting standards on when she should check her glucose levels and she’s been doing this for 15 years and nowhere along the line did the “experts” on both sides mention the involvement of her doctor, so what’s wrong with this picture I ask?  Is this where “marketing your ass off” takes over for common sense and the current structure of healthcare?  I think we have some issues here and the end result is a huge lack of ethics and common sense at times. In some instances it is the pursuit of patient data that drives all of this so they can sell it and make money too. 

Compliance Police Out In Force for Seniors–Health Plans and Drug Stores Making Phone Calls-Business Models & Caller Behavior Sucks -A Result of Pay for Performance Efforts?

You can see where even myself, as hard as I try to be realistic can be taken in a bit imagewith Oreck vacuum cleaner’s claims.  Sure the UV light helps but to what extent were the claims made that consumers could rely upon?  They paid some money out as you can read below due to the FTC researching their claims.  Now this does not mean it’s a bad product at all, as they make one heck of a vacuum cleaner with a great reputation but could the UV light stand up to everything they claimed was the question.  There’s another company that boasts UC treatment for toe nail fungus too and I don’t know where their claims stand today either.  Obviously the product do function but again we are back the “marketing your ass off” paradigm. 

Germ-killing vacuum cleaner from Oreck uses UV light

“Oreck agreed to pay $750,000 to settle allegations about its boasts that the vacuums could "capture and destroy" the flu bug and other germs. The Federal Trade Commission accused the company of being unable to back its boasts.”

In some areas this is where 2 federal agencies need to work together as in the Cheerios advertising claim, so the FDA basically came out and said ok you are going to advertise like a drug with your claims, so now you are a drug and submit your data <grin>.   On some of thee areas lines over cross so collaboration is best.

Cheerios Classified as a “Drug” by the FDA

Drug companies get caught up in this too, like Bayer did with their claims about prostate cancer.  I had a conversation with the Prostate Cancer Foundation and asked their opinion to which they said they were all over it and would be following up for public awareness too as they are one of the first places consumers go to ask since they are the experts with research, development and so forth with this type of cancer.  You can read below the outcome of that one with the class action lawsuit filed for false advertising with the Men’s One A Day.

Bayer Claim That Vitamins Prevent Prostate Cancer Is Now A Class Action Lawsuit – False Advertising

In here too we have Pom Wonderful who has spoken about the benefits of pomegranate juice and they too were called on the carpet, so they just kind of exploited their efforts in a recent movie, sponsored by Pom Wonderful.  I do have to say though that prostate cancer gets more than their fair share of a lot of this when folks crunch some numbers without the scientific backing.  I like Pom, tastes good, and like it in a martini, so that’s why I buy it and of course I am not one who buys the product due to it’s prostate cancer claims being a female. <grin>.

FTC and FDA Tell Pom Wonderful To Change Their Advertising Claims or Submit for FDA Approval–Another Study Unrelated Claims Peaches and Plums Kill Breast Cancer Cells Too

It is kind of funny in a way that they are the big sponsor in the “Greatest Movie Ever Sold” and you can read my comments on how this rolls over to healthcare and I ask do we have the greatest healthcare system ever sold too? 

The Greatest Movie Ever Sold” Just Like “The Greatest Healthcare System Ever Sold”- Same Paradigms-Colbert Report (Video)

  If you don’t think you are being marketed beyond all belief today, just take one look at this house painted with social networking logos!  Social networks are great, I use them but common sense needs to enter here somehow too as some of them a driving more revenue for their pockets with some steroid and senseless advertising today too. 

Read the list below and take a look and just be aware as to what is documented by studies and research and don’t be afraid to ask questions or dig a little deeper and search some of this out on the web.  Marketing and superficial advertising today can lead us to believe that donkeys come with two heads as shown above if we are not careful.  BD

  • The Kellogg Co. agreed to dial back its advertising after being accused of going too far with claims that Rice Krispies could help your immune system. That followed a previous confrontation over claims the company's Frosted Mini-Wheats cereal was "clinically shown to improve kids' attentiveness by nearly 20%."
  • The Dannon Co. agreed to stop claiming that its Activia yogurt and DanActive drink, which contain probiotics, could relieve irregularity and help prevent catching colds or the flu.
  • NatureSmart LLC and Rexall Sundown Inc. -- makers of Disney and Marvel Heroes multivitamins -- agreed to pay $2.1 million after claiming their products had certain acids that promoted healthy brain and eye development in children. The FTC said the claims were false and could not be backed up.
  • Legacy Learning Systems Inc., which markets a popular series of guitar-lesson DVDs called the Learn and Master Guitar program, agreed to pay $250,000 after being accused of orchestrating a series of phony reviews and testimonials from supposedly regular folk or independent reviewers.
  • Wellness Support Network Inc. was accused of deceiving consumers "with baseless claims that its supplements would treat and prevent diabetes." The FTC said the Diabetic Pack and the Insulin Resistance Pack were essentially the same collection of vitamins and were sold with the claims they reduce insulin resistance and can prevent diabetes. They also said they were the product of "Nobel Prize-winning technology."
  • American Tax Relief, which heavily advertised on the Web, was accused of taking more than $60 million from consumers with tax debts after claiming they could shrink the amount they owed. Ironically, the company had its license suspended in California for failure to pay taxes.
  • The makers of POM Wonderful 100% Pomegranate Juice were accused of making boasts they couldn't back up that the drink and related supplements could prevent or help those with heart disease, prostate cancer, and erectile dysfunction.
  • Global U.S. Resources, which ran a massive marketing operation aimed at convincing out-of-work people that they could make thousands of dollars a month by stuffing envelopes, was accused of duping consumers to get up-front payments from them.
  • At least 18 different websites were issued formal warnings to stop confusing consumers about getting free credit reports. They were required to disclose in their advertising that every consumer is entitled to a free credit report each year from each of the three major credit-reporting agencies through the site AnnualCreditReport.c​om.
  • Gotcha! When companies make false claims- MSN Money






    President Obama–Absolute Brilliance on Playing His “Literal Trump” Card on His Birth Certificate At The Right Time! (Video)

    If you didn’t see his speech at the 2011 Correspondent’s Dinner, this is a “must watch” as to whether or not you like him, agree with him or the opposite, this was a fabulous strategic move by the President and his imagestaff.  Also by being able to poke fun at himself, this also shows a great deal of confidence that comes with knowledge.  Here’s the full moment as captured by C-Span and you can watch his entire speech.  What at “Trump” card was played!  You hear the President all the time talking about those who get distracted and disrupted and pull our attention away from what really matters and what is important and that’s clearly the message I saw here <grin>.  It makes those very uncomfortable who do this too as transparency today shows everything <grin>. 

    THIS EVENT ALSO HAD A HIDDEN BENEFIT TOO FOR THE DATA SCRAPERS OF THE WEB-ALMOST 3 FUN PACKED YEARS OF BEHAVIORAL ANAYTICS INFORMATION AVAILABLE ALMOST DAILY!

    The sound on the video is a little low so turn up your sound a bit to hear.

    President Obama Proves Disruption/Distraction of Many

    I watched and it was certainly entertaining and I think goes to show that we have a much smarter President in office than some think, and this relates to his birth certificate.  He knew it was there and yet let the news and the public play on this for 3 years and look at the junk news it created, but on the other had it brought up face front all those today who get distracted, disrupted to the point of seeing beyond reality and what is important and the news did a good job of portraying those who do that, and it doesn't look good or give much credibility.

    The President literally had a "Trump" card in hand and waited to play when he felt it was most appropriate and would serve to show some of the inadequacies we imagehave today with those out of touch with what is really important today and those who are “non participants” in the world of technology and ignorant of the facts of how it can help them better do their jobs.  It was a fantastically well thought strategy and I think a huge less for all to think about and when you think of it in those terms, he's one smart man and had the last laugh for sure.  I'm sure they use predictive modeling and for sure collaborate on all of this and stay focused as you can hear him make such comments in his speeches today, many times mentioned.   Here’s the example the White House put out making fun of the President’s prompter, very funny and shows up Biden snoozing away too.

    President Obama Speech Trailer–Lost of Prompter

    Unfortunately we have the other branches of government that need to use some intellectual technology to do the same as some of them were in fact all in the news with not pursuing a smarter method combined with ethics to make their points.  I give him and his staff a big thumbs up for this, brilliant.

    We saw some efforts by having the US Constitution read out loud and that also turned out to be a mockery as pages stuck together and things were missed-why not read it from an Ipad for a simple example:) Digital illiteracy is causing problems at all ends of lawmaking today and the mockery continues as they are lost when finding real paradigms today and flat out just don't know where to take a stand when modern day business methodologies come in to play and we see all the items that played importance in the 70s and 80s resurfacing for some great soap opera antics that we get to view every night on the news, sadly as most is all non productive and puts us further behind the 8 ball.

    Digital Illiteracy Still Plaguing Lawmakers With Not Using High Powered Technology to Model and Simulate Healthcare Laws–Ryan Hasn’t Figured Out He’s No White Hope Yet (Video)

    Our Congress didn't even recognize the tech solutions when it was given a demonstration and put flat in their face and since IBM Watson was used on imageJeopardy I seem to believe they thought this server aggregation and smart query seeking technology was only a game.  The ability of judges to have all their information in full and the ability to make intelligent decisions that can eliminate some unintended consequences is too being challenged today, so again the President in holding his literal "Trump" card was brilliant.

    Healthcare Reform Law– Is Any Judge Fully Capable of A Decision on a Law That is Challenged By Constantly Changing Algorithms?

    The links in here go back to my prior posts on the topic of digital literacy and again hats off for some absolute brilliance here and as we watch the news and see where the world and the US is moving today, this is perhaps both a funny yet important message to not forget and hopefully it will stand to spur on the government “non participants” who make our laws today to come in to the 21st imagecentury and look at themselves (like we see them on the news).  Hopefully they will think again about current methodologies as I’m sure they want to be seen with respect and knowledge with a full understanding of how technology is both impacting and changing the world we live in today. So many of the dog and pony shows that clearly elaborate on politics and lack of digital illiteracy could certainly stand to be put in the “recycle bin” forever and maybe Joe Biden will make a bigger effort to remain awake in time too <grin>.  BD

    YouTube - President Obama at the 2011 White House Correspondents' Dinner