IMCO adds Supreme Medical Fulfillment to its preferred distributor team
IMCO Home Care partnered with Supreme Medical Fulfillment, a wholesale distribution company focused on the fulfillment of medical supplies and durable medical equipment to the post-acute market. Supreme Medical joins the team of IMCO independent family owned distributors that will help service IMCO Home Care members around the US. Terms of the partnership were not disclosed.
Owens & Minor awarded Supplier Legacy Award from Premier Inc
Owens & Minor Inc (Richmond, VA) announced that for the fourth consecutive year it has received the Supplier Legacy Award from Premier Inc (Charlotte, NC). Recognized by the Premier members for its long-standing support, Owens & Minor was praised for exceptional local customer service and engagement, value creation through clinical excellence, and commitment to achieving the best cost. Legacy Award winners must have tenure of more than three years as a Premier contracted supplier before they are eligible for the Legacy Award.
Roche acquires mySugr GmBh
Roche announced it acquired all shares of mySugr GmbH. mySugr is one of the leading mobile diabetes platforms in the market and will become an integral part of Roche’s new patient-centered digital health services platform in diabetes care. As a focal point for Roche`s integrated diabetes management strategy, mySugr is foreseen to remain a separate legal entity with an open platform for all diabetes devices and services. Users will continue to have the ability to automatically upload blood glucose data from their preferred device into the mySugr logbook app as well as the facilitated data sharing with healthcare professionals and caregivers.
Cleveland Clinic creates insurance joint venture with Oscar Health
Cleveland Clinic is launching a joint venture health insurance company with Oscar Health (NY). The JV will offer individuals coverage on and off the Affordable Care Act’s exchanges at a time when most other insurers are jumping ship because of financial losses and regulatory uncertainty perpetuated by the Trump administration and Republican-controlled Congress. One of Oscar’s founders Joshua Kushner is the younger brother of Jared and brother-in-law of Ivanka Trump. Oscar Health, which has struggled with financial losses in the past few years, gets to align itself will a well-known system that it hopes will attract enrollment. Starting January 2018, Cleveland Clinic and Oscar will together offer individual coverage in five northeast Ohio counties. The 50-50 joint venture takes some risk of the move away from Cleveland Clinic, because the companies will share equally in the losses and profits. The Cleveland Clinic will handle care delivery and Oscar will provide the tech platform and insurance operations expertise. Oscar now covers about 105,000 people, and expects a few thousand to enroll in Ohio in the first year. According to a Modern Healthcare article, Oscar has struggled with losses despite raising millions in venture capital. This year, it sold coverage on exchanges in New York, California, and San Antonio. It lost more than $200 million on plans in 2016 and $120 million in 2015. Oscar previously pulled out of exchanges in Dallas and New Jersey, and recently filed requests with New York regulators to raise its individual rates in the state by 11% on average.