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August 31, 2016 Headlines 3 Comments

UPMC reports strong year-end financials

UPMC closes its 2016 fiscal year with a positive outlook on its ACA exchange policy, growing its regional market share from 18 to 67 percent. CFO Robert DeMichiei explains, “We did not jump in with low price points. That is what I think happened to the national insurers and to many of the Blues across the country — the idea was to grab market share immediately. We did not do that, and that allowed us to get some clarity about the population and the right pricing.”

The World’s Most Innovative Companies

Forbes names Cerner to its list of world’s most innovative companies, ranking it 37 of 100.

Theranos Halts New Zika Test After FDA Inspection

Theranos withdraws its FDA application for a Zika diagnostic test after regulators found that the company did not include proper patient safeguards during its testing.

Researchers question report alleging vulnerabilities in St. Jude devices

Medical-device manufacturer St. Jude Medical responds to allegations made by investment firm Muddy Waters that its medical devices are vulnerable to life threatening hacks. In a statement released by the company, President and CEO Michael Rousseau says “The allegations made by Muddy Waters and MedSec are irresponsible, misleading and unnecessarily frightening patients.”

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Reader Comments

  • FRANK POGGIO: Shows to go ya...answering black and white Jeopardy questions is a far cry from the massive grey area of medicine/pharma...
  • Number Cruncher: You are right AC. The cost is seriously underestimated here. Just looking at the numbers - $1 B for 5 years = $200 M ...
  • Abraham Van Helsing: Re Theranos. Will be interesting to follow the saga. As I and others had noted going back 2+ years, something was obvi...
  • Prof. Moriarty: Re: Watson pull out. I've not been directly involved with this product, but from its beginning I have always seen Watso...
  • mih: Of course they can, and for much much cheaper. But why would they do it? Existing arrangement works for everyone in the ...
  • Andrew M. Harrison: Thanks for (actually) reading our paper. I enjoyed the story of your friend, as well as the translation of numbers to em...
  • Mike: I would love to see this type of discussion around Blockchain. It is being hyped heavily currently. Yet, I wonder how we...
  • Brian Too: Just slightly off-topic, but I recently heard an interesting downtime rule-of-thumb: Every hour of downtime requires 2 ...
  • James E Thompson: AI in particular isn't disruptive until it can offer an effective alternative against which a go/no-go decision makes se...
  • Former Newspaper Guy: I applaud your attention to grammar and style. In high school, I worked for the local newspaper in the sports department...

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