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California still leads the way of all states with $7.77 billion from Venture Capitalists. With a substantial investment, yes you can bet they are going to be actively involved as the start up process begins and continues, after all it's a big investment from their side of the table. Recently...
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As the old saying goes, things roll downhill and Siemens was the straw that broke the camel's back here. Recently Siemens has been in the news with their own issues with restructuring and lay offs. There are other creditors including Clinical Laboratories of Hawaii, Ewa Beach, $3.9 million;...
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More added to the list at various stages either with investigations, layoffs, some trying to figure out how to stay open next year. Some are already deep in debt while some are teetering on the fence post after budget cuts, in short all looking for money to survive and one home health care unit...
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When you look around, it appears the large Not for Profit folks seems to being doing all the facility expansions, as well as hiring new clinicians, but now some of the practices are being looked at with a bit of scrutiny as the Wall Street Journal discusses. Some facilities charge up to 10 times...
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Back in June I had posted some information about the use of this technology. Read the source article for more information on how the hospital is sending information to the Social Security Administration, and there is a simple text example on the page to view as well. Nice to have an update...
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A couple months ago, the product was approved by the FDA and is now coming to market. According to the article hospitals and health organizations will be the first visits for marketing and sales, rather than a direct to consumer sale. Intel also has a pretty large interest in biotech related...
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Two bankruptcies, both are still open for business. BD In Detroit, MI After the bankruptcy, a group of physicians has made an offer to purchase the facility, pending court approval. BD North Oakland Medical Centers Inc. in Pontiac, the hospital to be sold in October to a group of senior physicians...
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It's all about branding and generating additional income. As some hospitals are struggling, some of the larger institutions are generating revenue from affiliations over seas. Below are just a couple examples, but there are many more. BD In any given month, Cleveland Clinic Chief...
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Increased charity is one of the reasons and of course there is the pressure from Medicare and insurers to limit rate increases, but many insurers are on their way to China as posted in prior articles here. There is also the big loss of federal funds, just look at us here in California for a quick...
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Grady is not a newcomer to the news by any means as they have not made money since 2000. It appears progress is being made by the auditors, especially in the contract and financial areas, now the real test. The real test involves changing many operational procedures, and now we are back to the...