Mark Zuckerberg and Priscilla Chan’s $3 billion effort aims to rid world of major diseases by end of century

Facebook co-founder Mark Zuckerberg and his wife, Priscilla Chan, on Wednesday announced a $3 billion effort to accelerate scientific research with the wildly ambitious goal of “curing all disease in our children’s lifetime.”

The many components of the initiative include creating universal technology “tools” based on both traditional science and engineering on which all researchers can build, including a map of all cell types, a way to continuously monitor blood for early signs of illness, and a chip that can diagnose all diseases (or at least many of them). The money will also help fund what they referred to as 10 to 15 “virtual institutes” that will bring together investigators from around the world to focus on individual diseases or other goals — an idea that has the potential to upend biomedical science.

Being a scientist in academia today can often be a solitary endeavor as the system is set up to encourage colleagues to keep data exclusive in the hopes that this strategy helps them be more competitive at getting publications and grants. But as more Silicon Valley entrepreneurs like Zuckerberg are seeking to make their mark in the biological sciences, they are emphasizing the power of collaboration and openness.

A centerpiece of the new effort, called Chan Zuckerberg Science, involves creating a “Biohub” at the University of California at San Francisco (UCSF) Mission Bay campus that will bring together scientists from Stanford, the University of California at Berkeley and UCSF.

Zuckerberg and Chan, among the world’s 10 wealthiest couples, with a net worth of $55.2 billion, emphasized that their timeline is long — by the end of the century.

https://www.washingtonpost.com/news/to-your-health/wp/2016/09/21/mark-zuckerberg-and-priscilla-chans-3-billion-scientific-effort-aims-to-rid-world-of-major-diseases-by-end-of-century/?_hsenc=p2ANqtz-_Svl89mXmop0eKm1ONaWLwOcWmwcRGCy8FUngddK86AtKbQfVhPnQoOqSc6AIYgJMq5XZ9DxFkVx40RYXKzME9pkqnwA&_hsmi=34737932&utm_campaign=KHN%3A%20Daily%20Health%20Policy%20Report&utm_content=34737932&utm_medium=email&utm_source=hs_email

 

 

ONLY 49% OF ALL EMPLOYEES HAVE A GREAT DEAL OF TRUST IN THEIR BOSS

https://leadershipfreak.wordpress.com/2016/09/22/only-49-of-all-employees-have-a-great-deal-of-trust-in-their-boss/

give-voice-to-your-heart

EY released Global Generations 3.0 research that found less than half of full-time workers surveyed globally between the ages of 19-68, place a “great deal of trust” in their employer, boss, or colleagues.

“Without trust, at best you get compliance.” Jesse Stoner

The Supremacy of Trust: Reflections on Combat Leadership During the Iraq Surge

https://thesixelement.wordpress.com/2016/09/22/the-supremacy-of-trust-reflections-on-combat-leadership-during-the-iraq-surge/

Image result for paratrooper

The impact of this single training event is scarcely describable. Tough, realistic, and brutally difficult, the platoon evaluations brought every Soldier in the company to the brink of physical and psychological exhaustion, a point where further exertion seemed impossible. Yet throughout, despite the physical difficulty of the training, the men sustained one another. They carried one another’s loads, bandaged each other’s feet, shared their meals in dogged silence, and carried on. Having survived the ordeal, they realized with quiet satisfaction that they were elite, that they had achieved something together that individually none would have contemplated attempting. The experience of shared hardship united leaders and led in an indissoluble bond of trust. It was there, in March 2006, that Baker Company became the cohesive team that would fight and prevail on the battlegrounds of Iraq.”

Click to access mission-command-in-the-21st-century.pdf

Chinese billionaire ups stake in CHS for $31.9M

http://www.beckershospitalreview.com/finance/chinese-billionaire-ups-stake-in-chs-for-31-9m.html

Image result for Chinese billionaire Tianqiao Chen

Chinese billionaire Tianqiao Chen has a more than 12.9 percent stake in Community Health Systems after recently buying nearly 3.5 million more shares of the Franklin, Tenn.-based for-profit hospital operator, according to a recent Securities and Exchange Commission filing.

Mr. Chen and his group of companies paid just over $9 on average per share, bringing the total price of the transaction to $31.94 million.

A pioneer in China’s online gaming industry, Mr. Chen’s net worth is estimated by Forbes to be at more than $1 billion.

Mr. Chen, who began buying CHS at the end of the second quarter, upped his stake in the company as it is exploring options with financial sponsors. Private equity firm Apollo Global Management is reportedly in discussions to acquire CHS’ assets. Some real estate investment trusts are also interested in the company’s assets, people familiar with the matter told Reuters.

Would You Like Some Insurance With Your Insurance?

http://khn.org/news/would-you-like-some-insurance-with-your-insurance/?utm_campaign=KHN%3A+Daily+Health+Policy+Report&utm_source=hs_email&utm_medium=email&utm_content=34662261&_hsenc=p2ANqtz-8_T7tLMkCX6Y6LfTReNo75vKpK1maHvHwggi_b0HJdFjSYivQggGeQ_9T7c_uhl0BRZml0KAXMIdJg7jjXJNAXcqcdiA&_hsmi=34662261

A screenshot from a video touting a gap plan called "Premium Saver." (Courtesy of Crema Design Studio)

Gap plans, used to cover out-of-pocket expenses like high deductibles, are becoming increasingly popular among consumers and businesses.

The rising price of insurance is driving the trend, explained insurance broker Ryan Hillenbrand, president of the Missouri Association of Health Underwriters.

“People see the prices of individual insurance and they say, ‘Boy, a $6,000 deductible seems really high. I don’t want something that gives me that much risk,’ ” Hillenbrand said. “That’s why [the gap insurance] market is heating up a little bit more.”

Gap insurance is in a category of insurance known as “limited benefit.” No matter how bad a person’s situation, the plan will pay out only a certain amount of money. “Mini-med” policies, now illegal under the Affordable Care Act, are another example of a limited benefit plan

Now, there’s renewed interest in gap plans. With monthly premiums on health insurance going up, more people are choosing cheaper, high-deductible options. In 2016, more than90 percent of people buying insurance under the ACA chose plans with an average deductible of $3,000 or higher.

Next year, the cost of one of the most popular plans available under the Affordable Care Act could increase by 10 percent on average across the country. That comes on top of a 5 percent jump the year before.

When consumers see those prices, Hillenbrand said, “they get sticker shock.”

“If you don’t qualify for a subsidy, you’re bearing the brunt of all that cost,” Hillenbrand said. “And here come the gap plans.”

The Opportunities and Challenges of the MSSP ACO Program: A Report From the Field

https://www.aledade.com/new-journal-article-a-report-from-the-field/

table

The trillion dollar shift in healthcare payment “from volume to value” is well underway with both public and private payers and purchasers pushing provider organizations to participate in outcome-based risk contracts, stepping up from pay-for-performance and medical home models to a variety of accountable care and bundled payment programs.

But what are we to take away from the mixed results of these programs — from the lack of savings in the Comprehensive Primary Care demonstration, to the dropouts from the Pioneer program, the recently released underwhelming results from the first year of the Bundled Payment for Care Improvement Initiative, or the 2015 results from the Medicare Shared Savings Program?

One approach would be for partisans for each of these approaches to search for positive nuggets in the results from their preferred program, while heaping scorn on the other “competing” reforms.

Another would be to retreat altogether from the aspirations of achieving better care at lower cost, towards either resignation towards ever-escalating health care costs or more likely to (altogether regretful!) rationing of access to good healthcare for the most vulnerable in our society.

A third path would be to acknowledge that there is no magic bullet for “transforming healthcare” overnight, and that the work of redesigning our delivery systems to meet the expectations of the outcome-based payment models will be slow, hard, and uneven. We would accept that there are likely multiple payment reforms that will need to be implemented alongside each other, targeting different healthcare markets and different participants. (Capitated payments for truly integrated delivery networks. Mandatory bundled payments for proceduralists and hospitals. Accountable care for independent physician networks). And each model will need to be iterated and tweaked and incrementally improved.

That is what I choose to believe.

We are publishing today in the new issue of the American Journal of Managed Care, “A Report From the Field,” the detailed description of what our two ACO “freshman” accomplished in 2015, and openly discussing the challenges we faced, what we are doing differently now, and some policy changes that can put more wind to the backs of those in these trenches.

Here are a few of the key findings:

http://www.ajmc.com/journals/issue/2016/2016-vol22-n9/The-Opportunities-and-Challenges-of-the-MSSP-ACO-Program-A-Report-From-the-Field

Conclusions:

We have learned that, given the right support and incentives, independent primary care practices can embrace population health and practice redesign. These efforts can begin to bear fruit in improved patient access, quality of care, and appropriate utilization in the short term. We strongly believe that the benefits of the program to patients and the taxpayer are not limited to those ACOs that received shared savings distributions. However, lack of recognition of these contributions may stifle continued innovation and physician engagement with alternative payment models. Aledade is committed to navigating these challenges and we are committed to sharing our learning so that more independent physician-led ACOs can succeed in their mission to profitably deliver better care at lower cost. We also hope that policy makers and commercial payers continue to work to remove the unintended policy headwinds ACOs must presently overcome. – See more at: http://www.ajmc.com/journals/issue/2016/2016-vol22-n9/the-opportunities-and-challenges-of-the-mssp-aco-program-a-report-from-the-field/P-5#sthash.3V1BtAtZ.dpuf

 

ACO inside report details challenges of ‘regulatory headwinds’

http://www.healthcaredive.com/news/aco-inside-report-details-challenges-of-regulatory-headwinds/426663/

Image result for regulatory headwinds

  • A new report from Aledade, a company that helps physicians form and operate accountable care organizations (ACOs), says its groups have successfully increased primary care utilization and revenue, decreased lab and imaging costs, and decreased emergency department and hospital utilization and readmissions.
  • The findings were shared to provide a “frontlines” perspective on the challenges and lessons learned in delivering value as a Medicare Shared Savings Program (MSSP) ACO.
  • The report calls out “regulatory headwinds” that it says are currently working against ACOs in the program, including the national benchmark used to determine savings. Although the implementation of regional benchmarking will provide a more accurate measurement in years 4-9, in the meantime it still leaves some ACOs facing a longer stretch of time to achieve financial success.