News and notes from the day in MedCity, Ohio:
In recent years, hospitals nationwide have created observation units to watch patients for a few hours or a few days without admitting them, according to the Columbus Dispatch. The practice can cut cost of billing by one-third, and insurers are more likely to cover the cost.
Mayfield Heights probiotics maker Ganeden Biotech Inc. announced a partnership with Pathway International Pty Ltd. to exclusively distribute GanedenBC30 in Australian and New Zealand, according to a PRNewswire release.
With the Rise of AI, What IP Disputes in Healthcare Are Likely to Emerge?
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
Grubb & Ellis Healthcare REIT II Inc. has agreed to acquire Parkway Medical Center, a two-building medical office portfolio of about 88,000 square feet in Beachwood, according to a PRNewswire release. On Monday, the Santa Ana, Calif., real estate investment trust said it had received subscriptions for 2 million shares of its stock, satisfying the Ohio offering minimum, so Ohio residents now be accepted as stockholders.
Cardinal Health in Dublin has approved a regular quarterly dividend of 17.5 cents a share, payable on April 15 to shareholders as of April 1, according to a company release.
The Ohio Department of Insurance’s fourth annual Ohio Medical Professional Liability Closed Claim Report (pdf) showed 3,080 medical professional liability claims were closed in 2008 at an average cost of $252,522 per closed claim, according to a department statement.
The number of medical liability closed claims in Ohio is down 40 percent since the enactment of tort reform legislation sponsored by the Ohio State Medical Association in 2005, the association said in a statement.
A Personalized Approach to Medication Nonadherence
At the Abarca Forward conference earlier this year, George Van Antwerp, managing director at Deloitte, discussed how social determinants of health and a personalized member experience can improve medication adherence and health outcomes.
Dr. Michael Roizen, who is chief wellness officer at the Cleveland Clinic, was the guest of honor at a kickoff reception for the Clinic’s annual Palm Beach dinner dance, the Palm Beach Daily News reported.
Dayton managed care company CareSource has been named one of Training Magazine’s Top 125 companies that excel at training practices, evaluation methods and training initiatives, according to the Dayton Business Journal.
