Search This Blog

Saturday, November 10, 2018

Athenahealth reports another dip in bookings for Q3


For the third straight quarter since Athenahealth began reporting quarterly bookings, the company booked less business than it did during the same period the year before.
Bookings were down 29% year over year, falling to $46.6 million for the third quarter of 2018.
Revenue was up though, hitting $329.5 million according to the company’s new accounting standards and $331.4 million according to the old standards, a 9% increase from the same period the year before.
Athenahealth is confident in its prospects, Chief Financial Officer Marc Levine said in a statement. The company will hold a call to discuss the results on Monday.
Athenahealth has had a tumultuous 12 months. In late 2017, it laid off about 9% of its workforce. It also weathered several takeover attempts, including two by Elliott Management—which currently has a 9.2% stake in Athenahealth.
Shortly after Elliott Management and Athenahealth tussled over the potential takeover in May 2018, then-CEO Jonathan Bush faced a new set of problems. Reports of sexual harassment surfaced, and it was made public that Bush had attacked his now ex-wife during their marriage. Bush stepped down in June 2018. The company has since been helmed by Jeff Immelt as executive chairman and Levine, who took on additional leadership responsibilities.
Recently, Athenahealth called for a market for health data to promote interoperability, asking the CMS to allow physicians to pay each other for exchanging clinical data.

Early association health plans defy fears, offer comprehensive benefits


When the Trump administration earlier this year made it easier for small businesses and self-employed workers to band together to buy insurance that didn’t have to abide by all the Affordable Care Act rules, supporters of the ACA exchanges feared the worst.
Would easing restrictions on association health plans lure healthy people out of the ACA markets, causing premiums to spike for those who remained? Would consumers be duped into buying skimpier coverage that left them unprotected in a crisis?
But most of the early association health plans being formed or expanded under the June rule claim to comply with ACA mandates, and say they aren’t charging people different premiums based on their health conditions or barring people with pre-existing conditions from enrolling. Sponsors of the plans also say they cover each of the essential health benefits, provide broad networks of doctors, and don’t impose annual or lifetime limits on coverage.
And despite claiming to not cut corners, these association plans are still able to offer lower premiums than comparable plans on the individual insurance exchange, the sponsors say.
In the latest example, farmer-owned cooperative Land O’Lakes said its self-insured association plan, which it is expanding to farmers across state lines under the new rule, will cost about 25% to 35% less than exchange plans in Nebraska, and 10% to 12% less than comparable plans in Minnesota.

Pamela Grove, senior director of benefits for Arden Hills, Minn.-based Land O’Lakes, said the plan primarily achieves savings because of its size—about 44,000 farmers will be eligible in Minnesota and Nebraska—not because of any skimping on coverage. The plan started as a pilot in Minnesota.
Land O’Lakes, several Nevada chambers of commerce, and the National Restaurant Association have formed association plans this year and each say they want to do what’s best for small businesses and their workers by providing an option that may be a better fit for a family than what’s available in the traditional individual and small-group markets.
“Critics have done a very good job of messaging that association health plans are going to offer skimpy coverage, but the facts to date do not corroborate that claim,” said Chris Condeluci, a health policy consultant who worked with Land O’Lakes on its plan. “These are member-based organizations, and if they offer skimpy coverage, their members are going to leave and they’re certainly not going to attract new members.”
The Labor Department loosened restrictions on association health plans by allowing them to serve more employers and self-employed people in the same industry nationwide or in different professions within the same geographic region as a single large employer. Previously, association plans had a hard time meeting ERISA’s large-employer insurance requirements. The Labor Department estimated that 
4 million people could be covered under association plans in the coming years.
Some healthcare advocates and ACA supporters railed against the rule, saying it would expand the availability of junk health plans and undermine the exchanges. Democratic attorneys general in 11 states and the District of Columbia sued in late July to block the rule, and that case is pending. Some state insurance regulators, such as those in Massachusetts and California, have issued emergency rules and guidance limiting what association plans can do within their borders, fearing that access to the plans could destabilize their markets and lead to fraud and insolvencies.
But in a state like Nebraska where choice on the ACA exchange is lacking and premiums have soared, regulators welcome the chance to bring in new competition. Medica is the only insurer offering coverage on the ACA exchange. The average monthly individual premium for the second-lowest cost silver plan is rising 9.1% to $686 before subsidies in 2019 compared with 2018, according HHS data.
Bruce Ramge, Nebraska’s insurance director, said the Land O’Lakes association plan “will offer another really good choice for individuals who either don’t receive a subsidy and cannot afford coverage on the exchange or for some reason prefer not to purchase that coverage.”
Recognizing that Land O’Lakes was “one of the good players,” Grove said the state “bent over backwards to help us get it out and approved as soon as possible.”
Laura Arp, Nebraska’s life and health administrator, said the plans look a lot like what’s offered on the ACA exchange.
Modern Healthcare reviewed the plan documents for Land O’Lakes’ eight Nebraska plans, including a platinum-level plan, one gold plan, and three silver and three bronze options. They feature a range of deductibles and appear to provide coverage for each category of essential health benefits including prescription drugs, maternity care and mental health and substance abuse treatment. Land O’Lakes leases its network from Cigna Corp. in Nebraska and PreferredOne in Minnesota.
Medica is also offering an association plan with the Nebraska Farm Bureau in 2019 with average premiums about 25% less than a comparable individual exchange plan, said Geoff Bartsch, vice president of Medica’s individual and family business. Like the Land O’Lakes plan, Medica’s farm bureau insurance will cover all the essential health benefits and will not charge more for or exclude those with pre-existing conditions, he said.
Medica is able to offer lower premiums because the group of potential farm bureau members is relatively healthier than the individual market. That said, Bartsch also explained that the plan will set premiums based on age, location and industry, and is considering varying rates based on gender in the future, which will also allow some savings. ACA exchange plans are prohibited from varying rates based on industry and gender, but the Labor Department rule allows it.
In Nevada, a fully insured association health plan offered by several chambers of commerce offers HMO premiums at up to 15% to 20% less than comparable exchange plans, despite offering robust benefits, because its partner UnitedHealthcare will attract enough volume to command lower rates, said Scott Muelrath, CEO of the Henderson Chamber of Commerce. Still, the plan will vary rates based on age, occupation, location and group size.
Aaron Frazier, director of healthcare policy at the National Restaurant Association, similarly said members will see lower premiums because of the combined purchasing power of its small businesses.
In addition to size, Land O’Lakes’ self-insured status
will also help fetch savings. Being self-
insured means it will avoid certain state premium taxes, and it won’t have to pay a “risk load” or profit margin to a health insurance carrier, Condeluci explained. The plan also will vary rates based on ZIP code and age, leading older members to pay as much as four times what younger members pay. ACA exchange plans are limited to charging older patients three times more.
Insurance experts said those explanations make sense. “AHPs can offer comprehensive coverage and still be cheaper than marketplace plans if they either serve a population that is less costly than the average of the marketplace and/or they somehow are able to pay less for services,” said Katherine Hempstead, who directs the Robert Wood Johnson Foundation’s work on health insurance coverage.
The Trump administration rule did leave the door open for some plan sponsors to skimp on coverage. And it is possible that some could claim to cover the 10 categories of essential health benefits, yet still not meet federal standards, said Sabrina Corlette, health insurance expert at Georgetown University.
Critics of association plans also worry they will lure healthy individuals away from the ACA-compliant markets, causing premiums to spike for those left behind. But Land O’Lakes and the Nebraska Insurance Department rejected those concerns. Ramge, the Nebraska insurance director, said most of the people with ACA coverage receive some type of subsidy; the association plans will attract those who don’t qualify for federal financial assistance.
And since the plan is not charging premiums based on health status, Land O’Lakes’ plan gives all farmers—healthy and sick—another option, Grove said.
“If there’s only one option out there for them right now, and it isn’t feasible, then this becomes their viable option,” she added. “And I like competition. It drives us to ensure that we continue to offer good coverage at affordable prices and offer good customer services and some tools and education for those employees, because a lot of them are not healthcare-savvy. They are looking for people they can trust, and luckily they trust Land O’Lakes.”

Energy drinks narrow blood vessels within 90 minutes of intake


Researchers have found that within one and half hour of taking an energy drink the internal diameter of the blood vessels is reduced by half on an average. As the blood vessels narrow, the vital blood supply to the organs also reduces and this can lead to several problems – heart attacks and strokes being just two of them. The caffeine and sugar present in such drinks are to blame for this phenomenon say researchers. Thus within 90 minutes of consuming an energy drink, the risk of heart attack in an individual rises find researchers from the University of Texas at Houston.
Image Credit: Alexey Lesik / Shutterstock
Image Credit: Alexey Lesik / Shutterstock
There have been earlier studies that have shown that these drinks can lead to nerve and stomach problems and also cause heart problems. Consuming them in high amounts has also been previously linked to metabolic disorders such as diabetes and metabolic syndrome. This is the first study that shows the mechanism by which these drinks can cause harm.
The team of researchers looked at 44 students in their 20s from McGovern Medical School at UT Health. The participants were non-smokers and were generally found to be healthy. Endothelium is the layer that lines the inner walls of the blood vessels and its damage plays an important role in several cardiovascular diseases. The effect of these drinks on healthy endothelium was tested in this study. Each of the participant underwent an examination to check for their endothelial function and then offered a 24-ounce energy drink. After 90 minutes the endothelial function was tested again. Ultrasound was used to check for arterial blood flow, inner diameter of the arteries and overall health of the blood vessel.
In 90 minutes the inner diameter of the arteries was found to be reduced by half on average – from 5.1 percent to 2.8 percent on an average. The effect was noted to be due to the excess caffeine, taurine and sugar content of these drinks. Other herbal components of the drink too affected the endothelial layer say the researchers.
The primary culprit was found to be sugar. It was seen that 12 ounces of Red Bull contains 37 grams or over nine teaspoons of sugar. Such high amounts of sugar can lead to blood vessel contraction explain the researchers. Caffeine too has been found to be responsible for contraction of blood vessels by releasing adrenaline – a hormone that causes the heart to pump up and raises blood pressure. These energy drinks contain around 80 mg of caffeine per 250 ml of the drink. This is equivalent to around 2.5 cans of cola.
This study is a warning say experts about the harm these drinks can cause. According to the reports from the National Center for Complementary and Integrative Health around one third of teenagers between ages 12 and 17 regularly take these energy drinks. Dr John Higgins, the study leader, said, “As energy drinks are becoming more and more popular, it is important to study the effects of these drinks on those who frequently drink them and better determine what, if any, is a safe consumption pattern.”
The results of this study will be presented at the American Heart Association’s Scientific Sessions 2018 in Chicago between 10th to 12th November.

Friday, November 9, 2018

White House adviser Navarro to Wall Street: Stay out of U.S.-China trade talks


White House adviser Peter Navarro on Friday lashed out at efforts by current and former Wall Street executives to urge the United States and China to end their trade dispute, calling them “unregistered foreign agents” who were trying to pressure President Donald Trump into a deal.
“When these unpaid foreign agents engage in this kind of diplomacy, so-called diplomacy, all they do is weaken this president and his negotiating position,” Navarro said at the Center for Strategic and International Studies in Washington.
“No good can come of this. If there is a deal, if and when there is a deal, it will be on President Donald J. Trump’s terms, not Wall Street terms,” he added.

Trump is expected to meet with Chinese President Xi Jinping in Buenos Aires, Argentina, at the end of November on the sidelines of a G20 leaders summit to discuss a possible way out of their deepening trade war.
In recent days, Trump has said he believed that he and Xi can reach a deal.
China's top diplomat Yang Jiechi on Friday said the U.S.-China trade talks can be resolved through talks and that any ongoing conflict would hurt both countries.
As the U.S.-China dispute escalated, executives such as Blackstone Group (NYSE: BX) Chief Executive Stephen Schwarzman and Henry Paulson, the former U.S. Treasury Secretary and Goldman Sachs (NYSE: GS) chairman, have met with officials on both sides to press for a resolution.
Paulson, in remarks in Singapore on Wednesday, warned of a new "economic Iron Curtain" being erected between the United States and China that will undo the benefits of globalization.
"Unless these broader and deeper issues are addressed, we are in for a long winter in U.S.-China relations," Paulson told an economic forum.
Navarro said he believed such efforts by Wall Street were not needed by Trump and were counterproductive.
"I would again say, 'Wall Street, get out of those negotiations," Navarro said. "Bring your Goldman Sachs money to Dayton, Ohio and invest in America. The president of the United States does not need shuttle diplomacy," Navarro said.
DEAL SKEPTICISM
Asked if he thought the Trump-Xi meeting would lead to a deal or the start of broader talks, Navarro said such negotiations were "not my lane," and would be led by U.S. Trade Representative Robert Lighthizer.
But Navarro expressed skepticism whether a deal with China was even possible, adding that in the past, Beijing has never acknowledged U.S. concerns about lack of market access, intellectual property theft and forced technology transfers and unfair state subsidies.
"The game that China has played -- and they played people in the Bush administration like a violin -- is to do the tap dance of economic dialogue," Navarro said. "That's all they want to do. They want to get us to the bargaining table, sound reasonable and talk their way while they keep having their way with us."

Nektar presents new results from PIVOT-02 Phase 1/2 Study


Nektar Therapeutics announced a presentation of new clinical and preclinical data for its I-O pipeline at the 2018 Society for Immunotherapy of Cancer Annual Meeting. New clinical study results from the PIVOT-02 Phase 1/2 Study were shared in an oral presentation titled, “Immune monitoring after NKTR-214 plus nivolumab (PIVOT-02) in previously untreated patients with metastatic Stage IV melanoma” (Abstract #O4) by Adi Diab, MD, Assistant Professor, Department of Melanoma Medical Oncology, Division of Cancer Medicine, University of Texas MD Anderson Cancer Center during the Cytokines Reinvented Session on Friday, November 9th. Additional preclinical data presented at the annual meeting showed that NKTR-214 may drive, sustain and expand anti-tumor response when combined with therapies with complementary mechanisms of action including NKTR-262, poly (ADP-ribose) polymerase inhibitors, radiation therapy and other agents. When combined with these treatments, NKTR-214 showed the potential to lead to tumor clearance and tumor specific immunologic memory. “The data presented at this year’s SITC Annual Meeting showcase our pipeline of novel investigational I-O agents that target key components of the immune cycle in order to restore immune surveillance and harness the body’s immune system to fight cancer,” said Jonathan Zalevsky, Ph.D., Senior Vice President and Chief Scientific Officer at Nektar Therapeutics. “Clinical data presented for NKTR-214 show that NKTR-214 plus nivolumab give deep and durable responses in first-line IO-naive Stage IV melanoma patients, including a high rate of complete responses. For our TLR agonist candidate, NKTR-262, we presented data demonstrating alteration of the tumor micro-environment, including activating the innate and adaptive arms of the immune system along with encouraging anti-tumor activity.”

Fluoxetine for Acute Flaccid Myelitis?


The antidepressant fluoxetine (Prozac) did not improve muscle strength in children with enterovirus (EV) D68-associated acute flaccid myelitis, a rare polio-like disease, a non-randomized, open-label study found.
Children with acute flaccid myelitis who received fluoxetine had poorer neurological outcomes than untreated children, reported Kevin Messacar, MD, of Children’s Hospital Colorado in Aurora and colleagues in Neurology.
“Though fluoxetine has been shown to have activity against EV-D68 in the laboratory, at the dosage and timing administered clinically to patients with acute flaccid myelitis in 2016, it did not demonstrate a signal of efficacy,” Messacar told MedPage Today. “The lack of an efficacy signal emphasizes the need to develop and prospectively investigate better therapeutics and preventative strategies for acute flaccid myelitis.”
Since 2014, several clusters of acute flaccid myelitis have been reported in parallel with outbreaks of EV-D68, an enterovirus associated with mild respiratory disease, noted Katja Wolthers, MD, PhD, a clinical virologist at Amsterdam University Medical Centers in the Netherlands, who was not involved in the study.
“Since then, the relation between EV-D68 and acute flaccid myelitis has been proven, not only by epidemiological association but also by showing that the newly circulating 2014 strains of EV-D68 could induce paralysis in mice, while the older virus variants could not,” Wolthers told MedPage Today.
In the U.S., the CDC has reported a total of 404 confirmed cases of acute flaccid myelitis, mostly in children, from August 2014 to October 2018. Currently, there is no treatment, but efforts to find compounds that can inhibit enteroviruses in vitro have led to several possible candidates.
“Fluoxetine is one of those compounds that has shown antiviral effect against enteroviruses in vitro,” Wolthers noted. “Since this drug is already registered for use in the clinic — but for different indications — there is experience with safety, which makes it an appealing candidate drug to use for a different indication, such as acute flaccid myelitis.”
In this research, Messacar and colleagues studied 56 children, median age of 3.8, who had acute flaccid myelitis in 12 U.S. medical centers in 2015 and 2016, comparing 28 children who received >1 dose of fluoxetine with 26 children who did not receive the drug. (Two children who had one dose only were considered part of the untreated group.) Patients treated with >1 dose of fluoxetine were more likely to have EV-D68 identified from specimens (57.1% versus 14.3%, P<0.001).
The researchers identified a prodromal illness in 51 of 56 patients — most commonly with fever and respiratory symptoms. Neurologic onset of weakness began a median of 8.5 days after prodromal illness onset. Fluoxetine was initiated a median of 5 days after neurologic onset, prior to nadir in 37% of cases and following nadir in 60%. The median time from neurologic onset to latest follow-up was 210 days.
The research team used the summative limb strength score (SLSS), the sum of Medical Research Council strength in all four limbs that ranges from 20 (normal strength) to 0 (complete quadriparesis), to determine the drug’s effectiveness.
At initial exam, mean SLSS was similar (treated 12.9 versus untreated 14.3, P=0.31) but lower in treated patients at nadir (9.25 versus 12.82, P=0.02) and at latest follow-up (12.5 versus 16.4, P=0.005). No serious adverse events were reported.
In propensity-adjusted analysis, SLSS from initial exam to latest follow-up decreased by 0.2 (95% CI −1.8 to 1.4) in treated patients and increased by 2.5 (95% CI 0.7 to 4.4) in untreated patients (P=0.015).
“In such a retrospective observational study, it is difficult not to have differences between treatment versus non-treatment groups, and indeed, patients with more severe paralysis were treated more often, as well as EV-D68 positive patients,” observed Wolthers. Treatment often was started days after initial weaknesses manifested, which could be too late for clinical benefit, she noted.
A retrospective study of non-randomized clinical treatments for an uncommon condition with cases scattered across the country has inherent limitations, Messacar noted, and prospective, controlled trials to evaluate treatments systematically are needed. “Though acute flaccid myelitis is uncommon, the biennial surge in cases of potentially long-term, polio-like paralysis since 2014 suggests this should be a public health priority warranting increased attention and funding,” he said.
This study was supported by the National Institutes of Health.
The researchers reported no relationships relevant to the manuscript.
  • Reviewed by Robert Jasmer, MD Associate Clinical Professor of Medicine, University of California, San Francisco and Dorothy Caputo, MA, BSN, RN, Nurse Planner

Pfizer announces availability of data from Phase 2 breast cancer study


Pfizer announced that results from the Phase 2 PALLET study of Ibrance will be presented at the 41st Annual San Antonio Breast Cancer Symposium, or SABCS. The abstract is now accessible on the SABCS website ahead of the oral presentation on December 6, Pfizer noted. The abstract for the study states that 307 patients were recruited and that 103 were randomized to letrozole alone and 204 to letrozole + palbociclib. “Clinical response was not significantly different between letrozole vs letrozole + palbociclib groups, nor was the small proportion of patients with pathological CR,” the abstract states. The conclusion of the abstract reads: “Adding palbociclib to letrozole markedly enhanced the suppression of malignant cell proliferation as assessed by Ki67 but did not substantially increase the clinical response of primary ER+ breast cancer over a 14-week period. Concurrent reductions in cell death may have reduced the speed of tumor shrinkage.”
https://thefly.com/landingPageNews.php?id=2821769