Archive for December, 2007

Click to play: YouTube and similar sites have more doctors getting ready for their close-ups

Loring Jacobs. MD , an internist from Las Vegas, wanted to find a more personal way to tell patients their routine test results, otherwise relayed through a phone call, an automated system or a nurse.

So Dr. Jacobs began making video e-mails, giving patients the results himself, and explaining them in more detail. If the news is bad, Dr. Jacobs sends a video requesting that the patient make an appointment.

Dr. Jacobs has been sending video e-mails for about seven months. He said he does it because his patients like it, not only because they can see him talk about their test results, but also because they like how tech-savvy the video e-mail makes him appear.

"They say, 'Thanks,' and then, 'How did you do that?' " Dr. Jacobs said.

That "how" question is one a small but growing number of physicians are trying to figure out, as they incorporate the use of Internet video into their practices.

Doctors are creating video blogs, or posting video of lectures or procedures, or as Dr. Jacobs is doing, adding video to e-mail. Some are posting video to their own Web sites, to YouTube or to doctor- or health-specific sites.

Creating Web video doesn't have to be expensive. Dr. Jacobs pays $9 per month for his video e-mail system and made a one-time purchase of a webcam, which can sit atop or near the computer and feed video straight into it. A webcam can cost as little as $25.

Nina Sossamon-Pogue, with BenefitFocus, a Charleston, S.C.-based health IT company that recently launched the open-source video site icyou.com, said video is a way to make things easier for patients to understand what the physician wants to convey.

[...] Copyright 2008 American Medical Association. All rights reserved.
RELATED CONTENT  You may also be interested in reading:
Capitalizing on a craze: Medicine on an MP3  June 4, 2007
Massachusetts considers requiring all surgeries to be videotaped  April 23/30, 2007
Podcasting primer: All you need is the Internet  May 8, 2006

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Former United CEO settles in case charging stock backdating

UnitedHealth Group's former CEO and board chair has settled with the company and the Securities and Exchange Commission over allegations that he benefited from an illegal scheme to maximize what he earned in stock options. But legal troubles remain for both William McGuire, MD, and United.

On Dec. 5, 2007, Dr. McGuire settled with the Securities and Exchange Commission and with pension funds that had brought a lawsuit against him over backdating of stock options, which was alleged to have occurred from 1994 to 2005. The SEC settlement totaled $468 million, the largest ever resulting from options backdating.

Though Dr. McGuire admitted no wrongdoing, the size of the settlement "reflects the magnitude and scope of Dr. McGuire's misconduct," Linda Chatman Thomsen, director of the SEC's enforcement division, said in a prepared statement.

Of that total, $7 million was a civil fine paid to the SEC, another $12.7 million was a return of what the SEC called "ill-gotten gains," and the remainder was a forfeiture of options already issued. The SEC settlement also bars Dr. McGuire from serving as an officer or director in a public company for 10 years.

In the lawsuit settlement, Dr. McGuire agreed to reimburse United for $448 million in options and cash, on top of $200 million in options he gave back upon resigning from United in November 2006, after 15 years with the company. The SEC said the lawsuit settlement, which needs to be reviewed and approved by a U.S. District Court judge in Minnesota, was sufficient to cover the forfeiture it had ordered.

[...] Copyright 2008 American Medical Association. All rights reserved.
RELATED CONTENT  You may also be interested in reading:
Health plan earnings up, but United's woes continue  Feb. 26, 2007
SEC takes closer look at United's stock-option grants  Jan. 15, 2007
Stock option problems magnifying financial troubles for United  Nov. 27, 2006

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Benazir was shot

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SaddamGate - now Lilly join the party

A third Big Pharma said Sunday it is being investigated by Britain's Serious Fraud Office (SFO) over alleged breaches of the United Nations oil-for-food programme in Saddam Hussein's Iraq.


Eli Lilly and Company Limited said it had been asked to hand over documents to the SFO, a day after GlaxoSmithKline and AstraZeneca announced they had received similar requests.Sphere: Related Content

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What will 2008 bring to Western Big Pharma?

Not much!

WuXi Pharmatech Inc., a decade-old drug research company in the industrial outskirts of Shanghai, will employ more chemists next year than Pfizer Inc., the world's largest producer of medicines.

``You have to have your own discovery capabilities, but you also increasingly need to source externally in order to access science and innovation,'' said James Ward-Lilley, president of AstraZeneca's operations in China, in an interview in his Shanghai office.

In China, personnel and supplies can cost 60 percent less than in the U.S., according to Boston Consulting Group. A two- month primate study to test a drug's toxicity may run $20,000 there, a 10th as much as in the U.S., according to the consulting firm Ernst & Young LLP in New York.

Entry-level scientists at WuXi make $35,000 a year, while Pfizer pays equivalent workers in the U.S. more than $90,000. The lower wages mean WuXi can hire more people and get jobs done faster.

It employs 2,500 scientists and chemists.

More at BloombergSphere: Related Content

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