• Health Pulse
  • Coronavirus roundup ? AbbVie/Allergan drug divestiture ? Joint Commission defends consulting business

    Bloomberg

    A television screen displays a news report about the coronavirus outbreak as a trader monitors financial data Friday on computer screens on the trading floor at ETX Capital, a broker of contracts-for-difference, in London.

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    CORONAVIRUS 79彩票注册网址 AND RESOURCES: 

    79彩票注册网址• The first major Chicago trade show cancellation has hit McCormick Place. The International Housewares Association’s Inspired Home Show, which brings in close to 60,000 visitors each year, was canceled. It was scheduled for March 14-17. The cancellation deals a blow to the convention center and especially downtown hotels, which lose more than 47,000 room nights tied to the event.   

    • The world’s biggest corporations have started sounding the alarm about the outbreak. So which companies close to home are at risk—and which stand to gain? Crain’s compiled a snapshot. 

    • Researchers at the University of Chicago, Northwestern's Feinberg School of Medicine, Argonne National Laboratory, University of California Riverside School of Medicine and the U.S. Department of Energy have identified a newly mapped protein of the virus that causes COVID-19. Scientists said in a statement from Northwestern Medicine that drugs that had previously been in development to treat the earlier SARS outbreak could now be developed as effective drugs against COVID-19. Mapping a 3D protein structure of the virus, also called solving the structure, allows scientists to figure out how to interfere in the pathogen’s replication in human cells, the statement said. 

    79彩票注册网址• Meanwhile, the University of Illinois System said it has established a new COVID-19 planning and response team to help coordinate the system’s response to and communication about the novel coronavirus. The team, which includes experts from the U of I universities in Urbana-Champaign, Chicago and Springfield, will be led by Dr. Robert A. Barish, vice chancellor for health affairs at the University of Illinois at Chicago. 

    • Crain's health care reporter Stephanie 79彩票注册网址berg spoke on WBEZ’s Reset about how coronavirus impacts Chicago companies and whether local hospitals are ready to deal with the virus. LISTEN TO THE SEGMENT. 

     • Two of Chicago’s major health care associations, the American Hospital Association and the American Medical Association, have launched resources for providers. 

    79彩票注册网址 directs hospital leaders to Centers for Disease Control & Prevention resources including: 

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    79彩票注册网址And the AHA is pointing to the Food & Drug Administration’s  to spur more rapid COVID-19 diagnostic testing capacity by allowing laboratories to immediately use tests they developed and validated, prior to the approval of an emergency-use authorization by FDA. 

    79彩票注册网址CDC's Clinician Outreach and Communication Activity will  at 1 p.m. Thursday on what clinicians need to know to prepare for COVID-19. 

    79彩票注册网址The American Medical Association is using its JAMA Network to house its coronavirus intelligence. The JAMA Network  below, includes, an interactive  courtesy of The Johns Hopkins Center for Systems Science and Engineering, and publications on vaccine development, infection control, and public health preparedness. 

    WHAT'S AT STAKE IN THIS SUBURBAN HOSPITAL TAX TUSSLE? An under-the-radar battle between hospital giant Advocate Aurora Health and south suburban Oak Lawn has big financial implications for hospitals and local governments. Oak Lawn officials are fighting Advocate's bid for a tax break on a new outpatient center near its Christ Medical Center in the village. A win for 28-hospital Advocate—the nation's 10th-largest nonprofit chain—could pave the way for more health systems to push exemptions beyond hospital campuses. READ MORE. 

    ABBVIE, ALLERGAN TO DIVEST DRUG TO ASTRAZENCA AS PART OF ACQUISITION: AbbVie and Allergan said the European Commission has approved the divestiture of brazikumab, an investigational drug for treating autoimmune diseases, to AstraZeneca. The European Commission's approval of AbbVie's pending acquisition of Allergan in January was conditional upon the divestiture of brazikumab to a suitable purchaser. The transaction remains subject to additional customary closing conditions, but the European Commission's final approval clears the pathway in Europe to close the pending transaction. 

    79彩票注册网址The companies said the U.S. Federal Trade Commission continues to review the pending transaction, which is not subject to a specific timeline. However, the companies have entered into a timing agreement with FTC staff that would likely result in a decision by the FTC early in the second quarter. Closing the transaction is also subject to Irish High Court approval. 

    ALLSCRIPTS' FOURTH-QUARTER REVENUE MISSES ITS OWN EXPECTATIONS: Chicago-based electronic health records vendor Allscripts Healthcare Solutions  in revenue for the 2019 fourth quarter, missing its own revenue expectations,  Rick Poulton, Allscripts' president and chief financial officer, said during a call with investment analysts Monday that the company's gross margins suffered from a few factors, including cybersecurity costs in its hosting business, delays in service implementations and the revenue mix in the company's payer and life sciences business, called Veradigm. Poulton was appointed CFO effective Tuesday, after previous CFO Dennis Olis departed from the company. Poulton was already serving as president. 

    79彩票注册网址Allscripts has launched a review of the company's operations as part of an effort to align its resources and become more efficient, Poulton said. As part of that effort, Allscripts will hire an independent advisory firm to provide feedback into the company's operations review and jointly develop a "significant EBITDA margin improvement plan." 

    ABBVIE ENDS TRIAL OF LEUKEMIA TREATMENT: Biopharmaceutical giant AbbVie said its trial of venetoclax in combination with low-dose cytarabine, versus LDAC in combination with placebo, "did not meet its primary endpoint of statistically significant improvement of overall survival for patients with acute myeloid leukemia who are ineligible for intensive chemotherapy at the time of the planned analysis.".  

    "We remain committed to AML patients and our research in AML and other blood cancers," Dr. Neil Gallagher, chief medical officer and vice president of development at AbbVie, said in a statement. "The study results, while not statistically significant, are indicative of the clinical activity of venetoclax in combination with low-dose cytarabine."

    JOINT COMMISSION DEFENDS ROLE AS ACCREDITOR AND CONSULTANT:79彩票注册网址 Oak Brook-based hospital accreditation group Joint Commission is again defending its business framework of acting as both an accreditor and consultant in response to CMS Administrator Semma Verma’s comments last week that it’s “a glaring conflict of interest” when accreditors act as consultants to their clients,  A “robust” firewall maintains the integrity of the accreditation process, a spokeswoman at the Joint Commission said in a statement.  

    ORTHOPEDIC GROUP JOINS IBJI: 79彩票注册网址Oak Orthopedics has joined the independent physician-owned Illinois Bone & Joint Institute, extending IBJI's reach south into Kankakee, Will and Iroquois counties. 

    SUPREME COURT TO LOOK AT OBAMACARE CASE: 79彩票注册网址The U.S. Supreme Court has agreed to consider the politically charged legal challenge brought by the Trump administration and Republican attorneys general that could take down the Affordable Care Act,  The judges will weigh the case in their fall 2020 term, as they . That means the justices likely will not decide the case before the 2020 presidential election. The court will allow 33 state hospital associations to file a legal brief supporting Democratic attorneys general and the U.S. House of Representatives' argument that the rest of the Affordable Care Act should be preserved even if the individual mandate is found unconstitutional. The Chicago-based American Hospital Association praised the court's decision not to wait for further lower court rulings, but called for the court to reconsider expediting the case to hear it sooner. 

    JUSTICE DEPARTMENT LAUNCHES NURSING 79彩票注册网址 INITIATIVE:79彩票注册网址 The U.S. Justice Department has announced a National Nursing Home Initiative, “which will coordinate and enhance civil and criminal efforts to pursue nursing homes that provide grossly substandard care to their residents," according to a statement from the office of the U.S. Attorney for the Northern District of Illinois. The statement said the initiative is focusing on some of the worst nursing homes around the country and the Department has already initiated investigations into approximately thirty individual nursing facilities in nine states as part of this effort. The department looks for nursing homes that “consistently fail to provide adequate nursing staff to care for their residents, fail to adhere to basic protocols of hygiene and infection control, fail to provide their residents with enough food to eat so that they become emaciated and weak, withhold pain medication, or use physical or chemical restraints to restrain or otherwise sedate their residents.” the statement said. 

    IN CASE YOU MISSED IT: 

    • Long the city's splashiest retail strip, North Michigan Avenue is luring more office users as nearby hospitals expand. Fueled by the recent expansion of Northwestern Memorial Hospital, Lurie Children's Hospital and other major health care institutions anchored in Streeterville, the North Michigan Avenue office market is gaining traction as a destination for companies and ventures with ties to the medical field. Advertising agencies and marketing firms that dotted Mag Mile high-rises a generation ago have largely given way to physician group clinics and hospital administration workers. It's helping boost a location that has lost a lot of its inventory over the past two decades as companies have gravitated to other parts of downtown, and it's even pushing some longtime retail landlords on one of the country's shopping meccas to get in on the action. READ MORE. 

    • The Crain’s Chicago Business Editorial Board said that if Toni Preckwinkle wants to control the response to the county health system's financial woes, then she ought to assure her constituents that she knows what the response should be. 

    • Chicago's county Medicaid managed care plan has about $350 million in unpaid medical claims, according to the health system board. As one of six private health insurers administering Medicaid benefits to beneficiaries in Illinois, CountyCare is required by the state to pay claims within 30 days, health plan CEO James Kiamos told board members. But as of Feb. 9, he said, the health plan was more than 90 days behind schedule for claims that have been received but not paid. The culprit: late payments from the state and the county. READ MORE. 

    PEOPLE ON THE MOVE: 

    Gary Kaatz79彩票注册网址 has been appointed to the Illinois Health Facilities & Services Review Board. Kaatz most recently served as president and CEO of the Rockford Health System.

    Peter Hofmann has been appointed to continue his service on the Illinois Medical Disciplinary Board. Hofmann is a partner at Springfield Clinic as a practicing surgeon. In addition, he is clinical assistant professor of surgery at the Southern Illinois University School of Medicine.  

    Dr. Thomas Cornwell79彩票注册网址 will join VillageMD as senior medical director of Village Medical at Home, the Chicago-based company’s home-based primary care offering. Most recently, Cornwell was CEO of the Home Centered Care Institute, where he will now be executive chairman. Cornwell also founded Northwestern Medicine Homecare Physicians. 


    JOIN OUR 79彩票注册网址 CARE DELIVERY ROUNDTABLE: Calling expert panelists for Crain's upcoming virtual roundtable on Health care delivery. Be recognized as a thought leader on the key issues and trends impacting your industry. Contact Sarah Chow for more information on this opportunity: [email protected] 

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