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Fast Foreward by
Rick Dana Barlow

Are force majeure vendors overreacting like a pain in the gas?

STORM TROOPERS. Here in the post-hurricane
disaster season with China seemingly consuming much of America’s
production capacity (at least that’s how the vendor community justifies
their price hikes and baseless fees) when you spot that sales rep or
vendor exec VIP drive up in a gleaming new Cadillac Escalade with tinted
windows and the oh-so-five-minutes-ago spinning aluminum wheels and
low-profile tires, be sure to ask him or her to take you for a ride in
the surcharge chariot. Come to think of it, aren’t they already trying
to take hospitals for a ride?
OIL SLICKS. Meanwhile, oil company
executives defended their multibillion dollar profit earnings as the
2005 hurricane season closed, saying the cash was necessary for
continuing operations in an up-and-down marketplace. Think of it like
the NBA player’s groaning for contract renegotiations because $10
million a year won’t allow him to feed his family. (Most must be
referring to all the out-of-wedlock offspring.) Once the public converts
to cars that run on things like electricity or hydrogen (or hey, how
about beer or corn syrup?) they’ll need all that surplus cash to offset
the subsidies the federal government won’t give them due to declining
demand. How spankin’ bankable is that?
CHOP PHOOEY. With nary any help from a GPO,
former small-manufacturing crusader and GPO-basher (retired once it
received the GPO contracts it craved) Retractable Technologies Inc. saw
its stock skyrocket 50 percent when news of a major contract with the
Chinese government surfaced. RTI signed a three-year licensing deal with
a government-designated and sanctioned company to make and sell RTI
safety syringes in exchange for royalty payments. The deal reportedly
could generate between $10 million and $14 million in revenue by the
second year of the contract, according to a report in the Dallas
Morning News. Ironically, the newspaper also reported that RTI has
yet to turn an operating profit. Guess all that whining to the federal
government about alleged anticompetitive practices by GPOs and major
competitors, as well as the multimillion-dollar contracts and
settlements with GPOs and major competitors barely plugged a black hole.
Back stateside, crafters of the "new" HIGPA immediately began scheming
on how to launch a fee-for-service GPO model in Beijing. Hmmm…maybe
those claims of demand in China’s aren’t so far-fetched after all.
DUPED DUMPING. With product recalls
continuing to plague Boston Scientific Corp. do you think Johnson &
Johnson executives secretly snicker that Boston Scientific and Guidant
Corp. are so much more of a match than that last-minute mismatch with
their company? It’s not like Guidant’s recall problems represented
shocking news that any 12-year-old with an Internet connection couldn’t
find.
JAN: MEDICAL APOLOGETICS. Harvard Medical
School’s major teaching hospitals are developing a new policy to openly
acknowledge medical errors "and other bad results" to their patients and
apologize for them. One registered nurse (with nearly four decades of
experience) who supports the measure commented on a message board that
this will only result in nurses going to all-day "I’m sorry" classes and
inservices to do the dirty work for the doctors. Why? "Because hospitals
see healthcare as all about consumers...Nurses see healthcare as all
about the patients...but doctors see healthcare as all about THEM."
Ouch. Harsh, perhaps, but true. In an essay published in The New York
Times in late July (Ed. – Find it in the August headlines of
"Around The Nation" on HPN Online) the author, a doctor, revealed
that there’s a good reason why physicians have resisted this: "…doctors
have always been tight-lipped about their mistakes, in part to preserve
an illusion of medical omnipotence." He argues that such honesty
"humanizes them and builds trust." The next sentence he wrote, which
capped his essay, ought to make doctors and lawyers pause and quake.
IT CLIQUE. Sen. Hillary Clinton (D-NY),
Senate Majority Leader Bill Frist (R-TN) and former Speaker of the House
Newt Gingrich (R-GA), all presidential aspirants by the way, have teamed
up with trusty sidekick Rep. Patrick Kennedy (D-RI) to push for
bipartisan legislation for electronic health record adoption and
implementation. Expect to hear and read a lot of rhetorical and
conflicting nonsense at least through the 2008 presidential election and
then nothing until we close in on then former President Bush’s 2014 EHR
deadline with very little progress made. At least, that’s what critics
will argue.
Buy smart, readers |
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January
2006
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