Morning Headlines 12/1/17
Drug Charity May Shutter After U.S. Faults Pharma Influence
Caring Voice Coalition, a big pharma-funded charity setup to help patients pay their prescription drug co-payments, will likely shut down after an OIG investigation finds that the charity was providing drugmakers detailed information on whether their charitable contributions were going to their own customers, which ultimately allows them to raise the prices of their drugs for insurers, while insulating patients from the immediate out-of-pocket effects.
VA misses deadline on Cerner contract
The VA misses its own self-imposed deadline to sign its contract with Cerner. The contract is reportedly ready to execute, but the VA needs approval from the House and Senate Appropriations committee to transfer of $374 million between existing accounts prior to moving forward, which it has not yet received.
Siemens unit set for major Frankfurt IPO
Siemens will list its healthcare unit, Siemens Healthineers, on the German stock exchange at a value of $47 billion.
Hardly anyone uses Australia’s My Health Record service
Australia’s nationwide patient portal and health information exchange service has almost no traffic, despite its $1.5 billion price tag. Fewer than 200 GP patient summaries and 150 hospital discharge summaries are accessed by healthcare providers in a given month.
Sounds reasonable, until you look at the Silicon Valley experience. Silicon Valley grew like a weed precisely because employees could…