Thursday, July 3, 2008

 

UnitedHealth Group Inc.'s Earnings Guidance and Settlements Generates Comments

A.M. Best Comments on UnitedHealth Group Inc.'s Earnings Guidance and Settlements

OLDWICK, N.J.-- July 03, 2008 --A.M. Best Co. has commented that the ratings of UnitedHealth Group Inc. (UnitedHealth) (Minnetonka, MN) (NYSE: UNH) and its subsidiaries remain unchanged following the company's release of a revision to earnings guidance and reduced second quarter and full year 2008 earnings. UnitedHealth also announced a settlement in the federal securities class action and Employee Retirement Income Security Act (ERISA) lawsuits.

On July 2, 2008, UnitedHealth announced a revision to its earnings outlook for 2008 following an assessment of preliminary second quarter 2008 results and recent business trends. The company's risk-based commercial business produced a lower level of gross margin than expected due to increased pressure on premium yields, which are resulting from a competitive commercial business environment. Furthermore, UnitedHealth is experiencing a decrease in the gross margin for Medicare Part D and Medicare Chronic Special Needs Plans.

Additionally, UnitedHealth announced that it had reached an agreement to settle both the federal securities class action and ERISA lawsuits. Both lawsuits arose from UnitedHealth's historical stock option practices. As a result of the settlements, UnitedHealth will pay $895 million pre-tax into a settlement fund for the benefit of class members of the federal securities class action lawsuit and $17 million into a settlement fund for the benefit of ERISA class members. UnitedHealth's insurance carriers will cover the majority of the ERISA settlement.

A.M. Best expects UnitedHealth to continue to experience pressure in the commercial market, which may result in lower margins. The result of these announcements and the subsequent payment for the settlements are expected to increase UnitedHealth's debt-to-capital ratio above 40%, should the company use debt for the payment. While A.M. Best is not comfortable with an increase in the debt-to-capital ratio above 40%, A.M. Best expects the ratio to remain less than 45% and for this ratio to return to 40%by second quarter 2009. A.M. Best also expects UnitedHealth's earnings before interest and taxes (EBIT) interest coverage to remain at 10 times or greater. Additionally, A.M. Best would like UnitedHealth to scale back its share repurchase program until the debt-to-capital ratio decreases to 40%.

On January 29, 2008, A.M. Best issued a press release announcing a downgrade to the ratings of UnitedHealth Group and select subsidiaries. At that time, A.M. Best considered the change in the company's capital structure and increase in debt-to-capital ratio in the rating action.

If UnitedHealth's debt-to-capital ratio increases above 45% or if the company announces another negative revision to earnings (including any additional settlements or fines), a negative rating action may occur. Additionally, A.M. Best would take into consideration the magnitude of the amount of any settlement or fine in any rating action. A.M. Best will continue to monitor the financial results and risk-based capitalization of UnitedHealth and its insurance subsidiaries, as well as continue its ongoing dialogue with company management.

Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.

Contacts

A.M. Best Co.
Analysts:
Sally Rosen, 908-439-2200, ext. 5280
sally.rosen@ambest.com
or
Kenneth Frino, 908-439-2200, ext. 5012
kenneth.frino@ambest.com
or
Public Relations:
Jim Peavy, 908-439-2200, ext. 5644
james.peavy@ambest.com
or
Rachelle Morrow, 908-439-2200, ext. 5378
rachelle.morrow@ambest.com


Tuesday, July 1, 2008

 

Sterilisation and Disinfectant Markets in Europe

Sterilisation and Disinfectant Markets in Europe Enjoy Mixed Fortunes

LONDON-- July 01, 2008 --The sterilisation and disinfectant market in Europe has been witnessing slow growth as hospitals try to tackle alarmingly high infection rates resulting from inadequately decontaminated patient care equipment. However, the market is mature and saturated, offering little scope for technological innovation, and the complete lack of product differentiation is hampering competition. While the disinfection market has shown potential for expansion, the sterilisation market remains largely static.

New analysis from Frost & Sullivan (
http://www.medicaldevices.frost.com), European Sterilisation and Disinfection Equipment Market, finds that the market earned revenues of over USD269.7 million in 2007 and estimates this to reach USD352.0 million in 2014.

"Though the sterilisation and disinfection equipment market is not characterised by a strong level of technological development, certain mutations are contributing to the overall positive growth," says Frost & Sullivan Research Analyst Kieu A. Vuong. "For instance, slack growth in the low-temperature gas steriliser segments is compensated by positive trends impacting the disinfector equipment sector."

The spurt in the number of surgical procedures utilising minimally invasive instruments such as endoscopes is also driving the need for sophisticated systems for proper disinfection and maintenance of such equipment. This demand for more efficient disinfecting methods is fuelling the growth of the automatic endoscope reprocessor (AER) segment. The washers and AER disinfection markets are exhibiting continuous growth due to advancements in surgical instrumentation and liquid chemical disinfectants as well.

However, emerging trends indicate increasing consolidation and centralisation of hospitals in Europe, drastically reducing the number of hospitals and the number of potential customers. End-user consolidation is a challenge for this market, as purchasing power is augmented.

"High prices along with slow rate of product replacement will force manufacturers to identify different revenue streams in order to maintain and increase their profit margins," notes Vuong. "Despite several attempts at creating a unified platform, insecurities concerning the standardisation and regulation of products continue."

Nonetheless, participants can accrue revenues by providing integrated service packages and proper nurturing of customer relationships, since virtually all hospitals are already equipped with infection control equipment. To achieve the high standards required for service packages, many companies have entered into partnerships to reduce costs and enhance their offering.

If you are interested in a virtual brochure, which provides manufacturers, end users and other industry participants with an overview of the European sterilisation and disinfection equipment market, then send an e-mail to Patrick Cairns, Corporate Communications, at pcairns_pr@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by e-mail.

European Sterilisation and Disinfection Equipment Market is part of the Medical Devices Growth Partnership Service programme, which also includes research in the following markets: cardiovascular, wound care, surgical, orthopaedic and others. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting and Growth Team MembershipT empower clients to create a growth-focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information about Frost & Sullivan's Growth Partnerships, visit
http://www.frost.com.

European Sterilisation and Disinfection Equipment Market

M236

Contacts

Frost & Sullivan
Corporate Communications - Europe & Africa
Patrick Cairns, +27 18 468 2315
patrick.cairns@frost.com
or
Corporate Communications - North America
Stacie Kopecki, 210-247-2450
fax: 210-348-1003
stacie.kopecki@frost.com
or
Corporate Communications - Asia Pacific
Jasminder Kaur, 65-6890-0937
fax: 65-6890-0988
jkaur@frost.com
or
Corporate Communications - South Asia
Remi Chatterjee, +91-44-4001 3419
fax: +91-22-2832 4713
remi.chaterjee@frost.com
or
Corporate Communications - Middle East
Nimisha Iyer, +91 22 4001 3404
fax: +91 22 2832 4713
niyer@frost.com
or
Corporate Communications - China
Amelia Wong, +86 21 5407 5783, ext. 8669
cell: +86 13621724823
amelia.wong@frost.com
or
Corporate Communications - Latin America
José María Jantus, + 54-11-4777-9951
fax: + 54-11-4777-0071
jose.jantus@frost.com
http://www.frost.com


Saturday, June 28, 2008

 

New Patient Safety Solution Supported By Pharmacy Technician Certification Board

Pharmacy Technician Certification Board (PTCB) Supports Florida's New Patient Safety Solution

The Pharmacy Technician Certification Board (PTCB), the leading national program that has certified more than 300,000 pharmacy technicians, supports and congratulates the Florida House of Representatives and Governor Charlie Crist for passing legislation requiring new standards for pharmacy technicians. The new Florida legislation takes a progressive step toward increasing patient safety for consumers. The legislation will ensure pharmacy technicians meet key requirements for training, certification and registration.

Washington, D.C. - June 27, 2008 -- The Pharmacy Technician Certification Board (PTCB) (
http://www.ptcb.org/), the leading national program that has certified more than 300,000 pharmacy technicians, is pleased to support and congratulate the Florida Legislature for passing SB 1360 and Governor Charlie Crist for signing it into law, requiring new standards for pharmacy technicians. Tireless advocacy efforts for the passage of this critical patient safety legislation and its final approval by Governor Crist were spearheaded by the Florida Society of Health-System Pharmacists (FSHP) and the Florida Pharmacy Association (FPA).

The new Florida legislation takes a progressive step toward increasing patient safety for consumers. By passing this legislation without amendment, and signing it into law, the Florida state legislature and governor will ensure pharmacy technicians meet key requirements for training, certification and registration. PTCB is proud to have certified 15,000 pharmacy technicians in Florida to date and looks forward to working with more pharmacy technicians and their employers.

"Florida's new pharmacy technician standards are an important patient safety solution for consumers in the Sunshine State and Governor Crist and the state's legislators should be applauded," said PTCB Executive Director and CEO Melissa Murer Corrigan. "To meet these new state standards, PTCB is looking forward to continued work with pharmacy technicians and significant employers of Florida's pharmacy technicians such as Walgreen's, CVS, Publix, Target, the U.S. military, multiple health-systems and independent pharmacists in communities across the state. Several of these employers presently support and endorse PTCB across the United States."

The landmark piece of Florida legislation (SB 1360) contributes to raising the bar for states across the country by providing an example of the high standards needed for pharmacy technicians. The more than 40,000 pharmacy technicians currently working in Florida will be required to register with the Florida Board of Pharmacy by 2010. In 2011, they will need to either complete a board-approved training program with 1,500 hours of work as a technician under a Florida licensed pharmacist, or be certified (
https://www.ptcb.org/AM/Template.cfm?Section=Guidebook_to_Certification&Template=/CM/HTMLDisplay.cfm&ContentID=2952) by a program accredited by the National Commission for Certifying Agencies (NCCA). PTCB is the pioneer in certifying pharmacy technicians (https://www.ptcb.org/AM/Template.cfm?Section=Learn&Template=/CM/ContentDisplay.cfm&ContentID=1384) and is accredited by the NCCA. PTCB's certification program has been included in regulations by more than 30 state boards of pharmacy. Through its strategic partnership with Pearson VUE, PTCB is able to offer highly scalable computer-based testing through the world's largest network of testing centers.

Studies show without a doubt that Americans support a standard of excellence for pharmacy technicians. A recent poll commissioned by PTCB confirms that 91% of American consumers support strong regulations across the country to protect patient safety by requiring that pharmacy technicians are trained and certified. While states like Florida reflect this growing need for action, almost twenty other states still have no requirement for certification. Clearly, consumers are relying on state boards of pharmacy to protect them and enact strong requirements such as Florida's for pharmacy technicians.

About the Pharmacy Technician Certification Board (PTCB) (
http://www.ptcb.org/)

PTCB was established in January 1995 and is governed by five pharmacy organizations - the American Pharmacists Association (APhA), the American Society of Health-System Pharmacists (ASHP), the Illinois Council of Health-System Pharmacists (ICHP), the Michigan Pharmacists Association (MPA) and the National Association of Boards of Pharmacy (NABP). Since PTCB's inception, PTCB has certified over 300,000 pharmacy technicians through the examination and transfer process. PTCB's certification program is accredited by the National Commission for Certifying Agencies (NCCA). The goal of the PTCB national certification program is to enable pharmacy technicians to work more effectively with pharmacists to offer safe and effective patient care and service. PTCB contracts with Pearson VUE, the industry's technology leader, as its computer-based testing vendor. PTCB draws upon the experience and expertise of its 13-year partner, Professional Examination Service (PES) for test development.

Contact Information
Mark Franco
The Pharmacy Technician Certification Board
http://www.ptcb.org
202-429-7508
202-828-9767


Friday, June 27, 2008

 

Suboxone Treatment Program Launched

InterventionTreatment.com Launches Suboxone Treatment Program

LOS ANGELES-- June 27, 2008 --Intervention Treatment announced today that it has launched a suboxone treatment program. The program will be used to increase Intervention Treatment's Global mission of providing Intervention and Treatment resources to those affected by alcohol and drug addiction. According to Dr. Jason Schiffman, Chief Medical Officer for Intervention Treatment, "There is a large, poorly met demand for outpatient, office-based treatment of opiate dependence and the addition of the suboxone treatment program to Intervention Treatment's array of alcohol and drug addiction related services will be a great tool for patients and their families."

Intervention Treatment is currently one of the fastest growing online resources for those affected by drug and alcohol addiction. The new Suboxone Treatment program is designed to help those affected by opiate addiction.

About Suboxone:

Suboxone is the first drug approved by the FDA for opiate dependence treatment in office based settings. This means that patients addicted to opiates may now choose to receive opiate-based treatment as an outpatient instead of in a hospital setting. Patients are evaluated and treated during office visits and receive a prescription for suboxone which they may fill at any pharmacy. Suboxone is comprised of two separate medications: buprenorphine and naloxone. Buprenorphine is a partial opiate agonist, meaning its opiate effects are significantly reduced compared to that of full opiate agonists, such as vicodin or heroin. The naloxone in suboxone is not appreciably absorbed from the digestive track when suboxone is taken orally and is in place to prevent the misuse of suboxone by injection drug users. The combination of these two medications leads to suboxone's effectiveness in treating opiate dependence.

About Suboxone Treatment:

Suboxone treatment differs significantly from standard opiate dependence treatment programs. Traditionally, opiate addicts undergoing medical detoxification have been administered either methadone or a combination of drugs, each targeting a symptom of withdrawal. The latter approach usually must take place in an inpatient setting in order to be done safely, while methadone treatment requires a patient to visit a clinic on a daily basis to receive a prescribed dose. Suboxone treatment differs from these treatments in several important ways. Firstly, a prescription for suboxone can be obtained at a specially licensed physician's office and filled at any pharmacy. This means the patient does not need to be admitted to a hospital or make daily visits to a methadone clinic in order to receive their medication. Secondly, because suboxone is a mixture of naloxone and buprenorphine, a partial opiate agonist with a long duration of action, the potential for abuse and overdose are much less than with methadone. Thirdly, because buprenorphine is a partial opiate agonist, suboxone may be easier to taper off of than full opiate agonists like methadone.

About Intervention Treatment

Intervention Treatment, formed in 2007, is an internet resource offering help to those affected by drug and alcohol addiction. Intervention Treatment provides referrals to drug and alcohol rehabs, intervention services, suboxone treatment referrals, and general information regarding addiction and treatment.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of the Company, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contacts

Intervention Treatment
William Donovan, Co-Founder, 949-267-4113
bj@interventiontreatment.com
www.interventiontreatment.com


Wednesday, June 18, 2008

 

Physician Practice Documentation Receives CCHIT Certification

Dairyland Healthcare Solutions' Physician Practice Documentation Receives 2007 CCHIT Certification

Software Complies with 100 Percent of Updated 2007 Certification Criteria


GLENWOOD, Minn.-- June 18, 2008 --The Certification Commission for Healthcare Information Technology (CCHIT®) today announced that Dairyland Healthcare Solutions' Physician Practice Documentation (PPD), Version 9.0.0 is CCHIT Certified®, and meets the Commission's ambulatory electronic health record (EHR) criteria for 2007. Ambulatory EHRs are designed for physician offices and clinics where most Americans get their healthcare. CCHIT - an independent, nonprofit organization - is the Recognized Certification Body in the United States for certifying health information technology products.

In the second year of the program's operation, the criteria and testing have been significantly enhanced. The Commission added 96 criteria to the 151 original requirements from last year. As a CCHIT Certified product has been tested and passed inspection of 100 percent of a set of updated criteria for functionality, interoperability and security.

"For 2007, the Commission raised the bar from the previous year's criteria. Ambulatory EHRs now must include electronic prescribing, demonstrate an ability to receive lab results, and show enhanced patient safety, quality, and security features," said Mark Leavitt, M.D., Ph.D., chair, CCHIT. "Investment in 2007 certified ambulatory EHRs gives providers even more powerful tools to improve quality, safety and efficiency while protecting the privacy of health information."

The CCHIT Certified mark - a "seal of approval" for EHR products - provides the first consensus-based, government-recognized benchmark for ambulatory EHR products. By looking to products with the CCHIT Certified seal, physicians and other providers can reduce their risk in selecting an EHR product, allowing them to focus their evaluation on the special needs of their practices.

"We are delighted to receive CCHIT certification," said James Burgess, CEO of Dairyland. "The CCHIT review process is rigorous and essential to ensuring that technologies carrying this important certification meet the highest safety and quality standards. We are pleased that CCHIT recognizes Dairyland's high standards," he added.

CCHIT's certification compliance criteria and its design for a certification inspection process have been thoroughly researched, taking into account the state of the art of EHRs and available standards, and comparing certification processes in other industries and other countries. The inspection process is based on real-life medical scenarios designed to test products rigorously against the clinical needs of providers and the quality and safety needs of healthcare consumers and payers. One script, for example, recreates a scenario of an elderly man with poorly controlled diabetes, hypertension and other chronic conditions in order to test EHR functions such as potential adverse drug reactions, disease management and treatment plans.

About Dairyland Healthcare Solutions

Dairyland Healthcare Solutions is an award-winning healthcare information systems company that links essential information between small community hospitals and their healthcare delivery and business networks. Dairyland enables its hospital partners to deliver the highest level of patient care by providing the information infrastructure required to operate effectively in the dynamic and complex healthcare delivery environment. For almost three decades, Dairyland has partnered with leading community hospitals to help them improve efficiencies, enhance profitability and ensure patient safety by providing solutions to manage, integrate and access key financial, clinical and patient information. Dairyland is the only company to be awarded three consecutive "Best in KLAS" ratings in the Community Hospital Information Systems category. To learn more, visit:
http://www.dhsnet.com.

About CCHIT

The Certification Commission for Healthcare Information Technology (CCHIT®) is an independent, nonprofit organization that has been named by the federal government as the Recognized Certification Body for health information technology. Its mission is to accelerate the adoption of health information technology by creating a credible, sustainable certification program. The certification requirements are based on widely accepted industry standards and involve the work of hundreds of expert volunteers and input from a variety of stakeholders throughout the health care industry. More information on CCHIT and CCHIT Certified® products is available at www.cchit.org.

"CCHIT®" and "CCHIT Certified®" are service marks of the Certification Commission for Healthcare Information Technology.

Contacts

Dairyland Healthcare Solutions
Tracey Schroeder, 612-787-3125
VP Marketing & Communications
tracey.schroeder@dhsnet.com
or
CCHIT
Sue Reber, 503-703-0813
sreber@cchit.org


 

Clinical Trial Findings Show Significant and Persistent Reduction in Blood Pressure

Two-Year Clinical Trial Findings Show Significant and Persistent Reduction in Blood Pressure with CVRx® Rheos® Hypertension Therapy

Data Presented at Hypertension Berlin 2008 Congress; Pivotal Rheos Trial in Progress
Hypertension Berlin 2008


MINNEAPOLIS & BERLIN-- June 18, 2008 --The first available two-year data from the European clinical trial evaluating the Rheos® Hypertension (HT) System were presented today at Hypertension Berlin 2008. Developed by U.S.-based CVRx, Inc., the Rheos HT System is the only implantable medical device designed to control hypertension, or high blood pressure. Worldwide, hypertension is a leading and growing cause of heart and kidney disease, stroke and death. The Rheos HT System could provide a new treatment option for the millions of people who cannot control their hypertension with medications. The device activates the body's own system for regulating blood pressure.

"We are excited to see a sustained reduction in blood pressure after two years of Rheos HT Therapy - a major milestone in the evaluation of our novel treatment approach," said Nadim Yared, CVRx president and chief executive officer. "Hypertension is a complex condition, affecting multiple physiological functions. The early data on improved heart function and preserved kidney function also presented at this conference are encouraging, and we are hopeful Rheos HT Therapy may help prevent serious, costly conditions related to hypertension. Our Rheos Pivotal trial is assessing the safety and clinical efficacy of Rheos HT System and is well underway."

The clinical data from the Device-Based Therapy of Hypertension (DEBuT-HT) study (Abstract No. OS17/3) were presented at Hypertension Berlin 2008, a joint congress held in Berlin of the 18th Scientific Meeting of the European Society of Hypertension and the 22nd Scientific Meeting of the International Society of Hypertension. Of the 45 patients enrolled in this study, 16 patients from four European centers have completed two years of Rheos HT Therapy. Blood pressure measurements were taken in the clinic and after two years showed:

    * Systolic blood pressure was reduced by an average of 35 mmHg (191 mmHg vs.156 mmHg); and
    * Diastolic blood pressure was reduced by an average of 24 mmHg (116 mmHg vs. 92 mmHg).

Similar results were found at three months and one year of Rheos HT Therapy. Patients remained on background medical therapy during the trial. During the two-year study period, the average number of antihypertensive medications remained stable.

A drop in systolic blood pressure of at least 20 mmHg was achieved in 12 of the 16 patients (75 percent). The Rheos implants were well tolerated, and there were no unanticipated adverse events related to the system or procedure. Further information on these study results can be found on the CVRx Web site at www.cvrx.com.

Peter de Leeuw, professor of medicine and hypertension at the University of Maastricht in The Netherlands, is the leading enroller in the DEBuT-HT study. The 16 patients included in the two-year results were from the following clinical trial sites: the University Hospital Maastricht and Cardiovascular Research Institute Maastricht, Maastricht, The Netherlands; University Hospital, Inselspital Bern, Bern, Switzerland; Humboldt University Charité Campus Buch, Berlin; and Heart and Diabetes Center North Rhine Westphalia, Bad Oeynhausen, Germany.

Additional Rheos Data Presented at Hypertension 2008

Additional data from the DEBuT-HT study and U.S. Rheos feasibility study were presented in two poster sessions at Hypertension 2008. These studies showed early signs that the Rheos HT System can improve heart function and preserve kidney function.

    * Heart function was notably improved among the 16 patients who completed one year of Rheos HT Therapy (Abstract No. PS33/THU/24). Blood pressure was reduced significantly, and left ventricular hypertrophy (LVH) significantly regressed. LVH, a process in which the heart becomes enlarged and does not work efficiently, increases the risk of heart attacks, heart failure and sudden cardiac death and regression of LVH reduces these risks.
    * The University of Maastricht studied the effects of the Rheos HT Therapy on kidney function (Abstract No. PS32/WED/63) among their 12 patients who received therapy for one year. In this group, the Rheos HT Therapy was shown to help preserve kidney function over this time period. High blood pressure increases the risk and progression of kidney disease.

U.S. Rheos Pivotal Trial in Progress

CVRx received investigational device exemption (IDE) approval from the FDA to begin the Rheos Pivotal Trial to evaluate the safety and effectiveness of the Rheos HT System. The trial is enrolling 300 patients at multiple clinical sites in the United States and in Europe. Prospective patients can call (888) 8BP-RISK (827-7475) or visit www.bloodpressuretrial.com, to learn more about the clinical trial.

The Rheos HT System: Working with the Body's Own Mechanisms

The Rheos HT System uses CVRx patented Baroreflex Activation TherapyT (BATT) technology that is designed to electrically activate the carotid baroceptors, the body's natural blood pressure sensors. When the baroreceptors are activated, signals are sent through neural pathways to the brain and interpreted as a rise in blood pressure. The brain works to counteract this perceived rise in blood pressure by sending signals to other parts of the body (heart, blood vessels and kidneys) to lower high blood pressure.

The Rheos HT System includes the following components:

    * A small pulse generator that is implanted under the collar bone;
    * Two thin lead wires that are implanted at the left and right carotid arteries and connect to the pulse generator; and
    * The Rheos Programmer System, an external device used by doctors to non-invasively regulate the activation energy from the generator to the lead wires.

About Hypertension

Hypertension causes an estimated one in eight deaths worldwide.1 In the United States alone, high blood pressure affects approximately 73 million people.1 Approximately 25 percent of people with hypertension cannot control their high blood pressure, despite the use of multiple medications. 2, 3 Each incremental increase of 20 mmHg in systolic blood pressure or 10 mmHg in diastolic blood pressure above normal levels is associated with a two-fold increase in death rates from stroke, coronary heart disease and other vascular causes.

Editor's Note: Blood pressure is typically recorded as two numbers - the systolic pressure (top number) over the diastolic pressure (bottom number). The systolic pressure is the pressure of blood in the vessels when the heart contracts. Diastolic pressure is the pressure of the blood between heartbeats, when the heart is at rest and is refilling.

About CVRx, Inc.

CVRx, Inc., is a private company founded in 2001 and headquartered in Minneapolis, Minnesota U.S.A. Its senior management and technical teams have many years of experience commercializing implantable medical devices. For more information, visit www.cvrx.com.

1 Heart Disease and Stroke Statistics. American Heart Association - 2008 Update.

2 Lancet 2002;360:1903-1913.

3 JAMA 2003;289:2560-2572.

CAUTION: CVRx Rheos System is an investigational device and is limited by Federal (or United States) law to investigational use only.

CVRx, Rheos, Baroreflex Activation Therapy and BAT are trademarks of CVRx, Inc.

© CVRx, Inc. 2008. All rights reserved.

Contacts

CVRx
John Brintnall, 763-416-2853
Chief Financial Officer
jbrintnall@cvrx.com
or
Mary McGrory-Usset, 651-308-8225
Corporate Communications
mmcgroryusset@comcast.net
or
Padilla Speer Beardsley:
Nancy Johnson, 612-455-1745, 612-812-7568 cell
njohnson@psbpr.com
or
Nick Banovetz, 612-455-1705, 651-815-5999 cell
nbanovetz@psbpr.com


Sunday, June 15, 2008

 

Nursing Home Signs Contract with Patient Placement Systems

Belle Maison Nursing Home Signs Three-Year Contract with Patient Placement Systems

Large Louisiana Nursing Home will use Web-based Referral Management System™ to optimize and manage patient referral and placement. Patient Placement Systems announced today that Belle Maison Nursing Home, a 179-bed nursing home and retirement care facility in Hammond, Louisiana, has signed a three-year contract to use the Patient Placement Referral Management System.

Atlanta, GA  -  January 22, 2008 -- Patient Placement Systems announced today that Belle Maison Nursing Home, a 179-bed nursing home and retirement care facility in Hammond, Louisiana, has signed a three-year contract to use the Patient Placement Referral Management System.

The Patient Placement Referral Management System enables nursing homes, home health agencies, hospices, rehabilitation facilities and other extended care organizations to automate the entire referral management process, efficiently tracking and managing all inbound patient referrals, as well as their associated medical records. Automating this traditionally manual and fax-based process gives facilities a unique opportunity to increase patient placements, better serve patients and referring facilities, enhance productivity, and gain data for better decision-making about their referral management process.

Belle Maison Nursing Home, winner of the 2007 Nursing Home Quality Initiative Achievement Award from the Louisiana Health Care Review, constantly seeks ways to improve processes and enhance quality of care. "The Referral Management System will not only help us place more patients, more efficiently; it will also give us a competitive advantage," says Administrator Paul Guitreau. Guitreau indicates that manual referral tracking processes can result in errors, problems and delays. The Referral Management System will enable Belle Maison to respond more quickly to referral sources, enhance staff productivity and have richer data for analysis and decision-making.

"With the Referral Management System, Belle Maison will save significant time and replace multiple manual processes. Furthermore, they'll have a new level of business intelligence regarding referral source, payor mix and other critical data," says Eric Christ, president of Patient Placement Systems. "And because the system was live in less than a week, they'll see benefits very quickly."
 
 
The Referral Management System improves visibility and efficiency by capturing all inbound patient referrals and medical documents through a HIPAA-compliant Web-based application, effectively eliminating the need for an admissions team fax machine. The Referral Management System includes reporting and analysis at every level - by location, by referral source, by user, by line of business, by payor, and more.

About Patient Placement Systems:
Patient Placement Systems automates the referral process at continuing care providers, hospitals, and payors. The Patient Placement Referral Management System and Discharge Referral System improve information flow and communication so each party involved in patient referral has the information they need, when they need it. Patient Placement Systems is a member of the Jackson Healthcare Solutions family of companies. For more information about Patient Placement Systems, visit www.PatientPlacement.com or call 877-748-6656.


Press Contact: Monique Ervin
Company Name: Patient Placement Systems
Phone: 877-748-6656
Website:
www.PatientPlacement.com


This page is powered by Blogger. Isn't yours?