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Two Additional Appeals Rejected in Disease Team Round

Posted: September 9, 2012 at 3:50 pm



The governing board of the California stem cell agency last night rejected appeals by two applicants -- OncoMed Pharmaceuticals of Redwood City and Albert Wong of Stanford -- in the $200 million disease team round.

Both petitions generated little discussion. You can find more on their petitions here and here.

The board also approved changes in its intellectual property and grant administration rules. Both proposals will now enter the state's official administrative law process for more comment and possible change.

Source:
http://californiastemcellreport.blogspot.com/feeds/posts/default?alt=rss

StemCells, Inc., Hails $40 Million in Awards from California Stem Cell Agency

Posted: at 3:50 pm



StemCells, Inc., was quick this morning
with a press release about winning a $20 million award last night from the
California stem cell agency.

The publicly traded, Newark, Ca., firm
also pointed out that the CIRM board in July awarded another $20
million to the business.
The news release hailed the awards as
validating its science and business. Martin McGlynn, who personally
appeared before the CIRM board last night, said,

 "CIRM's approval of two
awards to StemCells illustrates the tremendous promise of
our neural stem cell technology and the high degree of confidence in
the world class team of scientists and clinicians who will be working
to translate this technology into potential treatments and cures for
these devastating diseases." 

On the Alzheimer's award last night,
McGlynn said,

 "With the recent spate of late-stage clinical
failures in Alzheimer's disease, it is clear that the field could
benefit from alternative approaches to lessen the huge burden on
families, caregivers and our healthcare system.

He continued,

"Our recently reported preclinical
data, which showed that our neural stem cells restored memory and
enhanced synaptic function in two animal models relevant to
Alzheimer's disease, shows our approach has promise. We greatly
appreciate the support from CIRM, which should help us accelerate our
efforts to test our HuCNS-SC cells in Alzheimer's disease."

The news release did not note that the
board has required that the firm must show proof that it has access
to $20 million in matching funds prior to receiving cash from the
agency on the Alzheimer's grant. The California Stem Cell Report is
asking CIRM whether that requirement extends to the earlier grant as
well.
One of the analysts who follows the
company released a special report on the firm this morning. Stephen
Dunn
of LifeTech Capital said,

 “We are reiterating our strong
speculative buy with a price target of $4.50 as StemCells Inc.
continues to distinguishing themselves as one of the most advanced
players in the stem cell space.”

At the time of this writing, the firm's
stock was trading at $2.20 up seven cents. Its 52 week high is $2.67
and its 52 week low is 59 cents.  

Source:
http://californiastemcellreport.blogspot.com/feeds/posts/default?alt=rss

StemCells, Inc., Wins Another $20 Million From California Stem Cell Agency

Posted: at 3:50 pm



Following a second impassioned pitch by its former chairman, Robert Klein, the governing board of the California stem cell agency approved a $20 million award to a financially strapped biotech firm, StemCells, Inc., of Newark, Ca.

Approval came on a 7-5 vote with the condition that the company demonstrate it has access to $20 million in matching funds prior to funding.  It is the second $20 million award that the company has received in the disease team round, which now totals $214 million. Another disease team application has been tabled and will not be considered until October.

The current CIRM chairman, J.T. Thomas, a Los Angeles bond financier, asked for the financial proof because he said some concerns were expressed during an executive session that CIRM would now "account for such a large part of the assets of the company." Martin McGlynn, CEO of StemCells, Inc., also told the board that the company might have to drop its Alzheimer's research if it did not receive the CIRM award.

The StemCells, Inc., application was rejected twice by reviewers. The original rejection came before the July meeting at which Klein first appeared (see here and here). The proposal was then sent back for re-review, during which it was rejected again.

However, the 29-member board narrowly approved the application following discussion tonight and following its rejection of another Alzheimer's research proposal from USC. Both applicants produced a number of witnesses, including patients, on behalf of their appeals.

The re-review on the StemCells, Inc., application said in reference to a statement by Klein to board in July,

“The reviewers did not feel there was compelling data for neuron migration in the submitted manuscript. This is the manuscript specifically referenced at the ICOC (CIRM governing board) meeting (in July) that prompted the call for additional analysis. The manuscript is not yet accepted, it is 'potentially acceptable' but requires 'major revisions' according to the journal editor note. In addition, however, the studies in this manuscript used mouse NSCs, not the human NSCs proposed for the disease team award....”

In July, Klein said, “....(W)e have brand-new data that demonstrates and totally contradicts the key weakness on which it was downgraded.” 

A footnote: The CIRM staff said that as a result of two StemCells application, a proposal is being prepared to limit applications to one per entity in later rounds.

Source:
http://californiastemcellreport.blogspot.com/feeds/posts/default?alt=rss

Pre-Existing Conditions Coverage to Stay in Romney’s Health Plan

Posted: at 3:13 pm


By Roxana Tiron - 2012-09-09T14:41:41Z

Mitt Romney, the Republican presidential nominee, said he would keep health insurance coverage for people with pre-existing conditions even as he vows to replace President Barack Obamas signature health-care law on the first day of his presidency.

Im not getting rid of all of health-care reform. Of course there are a number of things that I like in health-care reform that Im going to put in place, Romney said on NBCs Meet the Press today. One is to make sure that those with pre-existing conditions can get coverage.

Romney, who as Massachusetts governor enacted his own fix to the states health-care system, said that he would also allow for individuals to have policies that cover their family up to whatever age they might like, and also be able to buy insurance on their own instead of only being able to get it on a tax-advantage basis through their company.

Romney once again defended a Medicare overhaul that would give future retirees a subsidy to buy private insurance rather than have all their health needs covered by the government.

Romneys vision is close to the one his running mate, Representative Paul Ryan of Wisconsin pushed through the U.S. House. Romney said his plan is similar to the current Medicare Advantage and dismissed criticism that the plan didnt drive down costs.

Look, competition works, Romney said.

Ann Romney

Ann Romney joined part of the program and said that she wants to dispel the notion that she and her husband dont know what it is like to struggle.

The thing that I want to communicate to people, and that its so important that people understand, is that Mitt and I do recognize that we have not had a financial struggle in our lives, Ann said. But I want people to believe in their hearts that we know what it is like to struggle.

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Pre-Existing Conditions Coverage to Stay in Romney’s Health Plan

Health insurance plans pair up to meet growing Medicaid, Medicare business

Posted: at 6:16 am


There will be fewer, bigger health insurance players in Ohio after this year thanks to a series of acquisitions. But how will these deals will affect cost and competition?

This year saw more industry consolidation as health insurers realign to meet growing business in Medicaid, the federal-state health insurance program for the poor and disabled, and Medicare, the federal health benefit program for seniors.

I dont think down the road any consumer is going to be well served by having four, five or six very large for-profit health insurance companies serving the country and I dont think anybody really wants to see that happen, said Pamela Morris, president and chief executive officer of Dayton-based CareSource, Ohios largest managed care provider. We think there is a definite place for large regional plans like CareSource and large nonprofit health plans like CareSource.

Three of Ohios biggest commercial insurance companies Anthem Blue Cross and Blue Shield, Aetna Inc. and Humana Inc. have acquired or partnered with Medicaid companies this year. That includes Humanas strategic partnership with CareSource.

The insurer Cigna also closed in January on an acquisition of HealthSpring, a Medicare Advantage health plan. UnitedHealthcare has made several acquisitions the past 10 years, most recently last year of Medicare health plan XLHealth Corp.

Another view is these deals should not act to increase insurance costs more than they are already increasing because they involve traditionally commercial-focused businesses buying companies that focus on the government. It would be more likely to impact competition if the largest commercial insurer in the country was buying the second largest one, for example.

It does not change a lot of things for existing customers, said Peter Costa, senior equity analyst, health care, for Wells Fargo Securities LLC. At some level these companies all expect to get some synergies by being a bigger buyer of health care services. That could help lower costs for the companies and the consumer.

Managed care government contracts to administer Medicaid and Medicare has been proven to save state and federal governments money, said Michael Muntner, managing director in the health care investment banking group for Credit-Suisse.

I think youll likely continue to see consolidation, particularly among the government managed care plans. I think there is far greater growth in this sector than other sectors, Muntner said. In the government sector the price is really dictated by the state government itself. When you look at the Medicaid dollars only 20 percent of Medicaid dollars goes through managed care today. As the proportion goes up, I think the states will start to save money.

The rest of Medicaid dollars now is fees paid by the government direct to health care providers, he said.

Original post:
Health insurance plans pair up to meet growing Medicaid, Medicare business

U.S. Health Care System Wastes $750B Annually, Report Finds

Posted: September 8, 2012 at 11:14 am


THURSDAY, Sept. 6 (HealthDay News) -- About 30 percent of health spending in the United States in 2009 -- about $750 billion -- was wasted on unnecessary services, excessive administration costs, fraud and other problems, a government advisory panel said Thursday.

The report from the Institute of Medicine urges that changes be made to the United States' health care system to reduce costs and improve care.

Institute of Medicine experts added, however, that inefficiency, a vast amount of data and other economic and quality issues obstruct efforts to improve health and threaten the nation's economic stability and global competitiveness, the document warned.

Numerous inefficiencies caused needless suffering. One estimate indicates that about 75,000 deaths might have been prevented in 2005 if every state had delivered health care at the level of the best-performing state.

Gradual upgrades and changes by individual hospitals or health care providers are inadequate to solve the problems, the report committee said.

"Achieving higher-quality care at lower cost will require an across-the-board commitment to transform the U.S. health system into a 'learning' system that continuously improves by systematically capturing and broadly disseminating lessons from every care experience and new research discovery," according to an Institute of Medicine news release.

Solutions include greater use of electronic health records, promoting patient and family involvement in health care decision-making, and quicker adoption of medical breakthroughs.

"It will necessitate embracing new technologies to collect and tap clinical data at the point of care, engaging patients and their families as partners, and establishing greater teamwork and transparency within health care organizations," according to the news release. "Also, incentives and payment systems should emphasize the value and outcomes of care."

The nation has the knowledge and tools to improve the health system so it can provide better quality care at lower cost, the report authors said.

"The threats to Americans' health and economic security are clear and compelling, and it's time to get all hands on deck," report committee chairman Mark Smith, president and CEO of California HealthCare Foundation, said in the news release.

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U.S. Health Care System Wastes $750B Annually, Report Finds

Fitness barre set higher in Beachwood business

Posted: at 12:19 am


BEACHWOOD - Pepper Pike resident Yana Salwan just set the fitness barre higher in Beachwood. She recently opened Barre Cleveland, Northeast Ohios first Barre fitness studio.

Barre Cleveland is a women-only studio hidden behind red brick in suite 209 at 3737 Park East Drive. The exterior is nondescript, as a sign has yet to be mounted. The interior is calming with paint colors in shades of green, blue and brown. The space has a beach vibe - something that may be most refreshing to participants come winter.

It is a little refuge for women, Salwan said.

I want women to come here, feel comfortable and create new friendships.

It is important for moms to instill healthy habits in themselves and their children, Salwan said.

Salwans husband is Mario and mother to eight-year old Ashton, a third-grader at Moreland Hills Elementary. Happy wife happy life, Salwan laughed.

In order to be happy, one must be healthy too, she continued. Barre is a type of exercise that incorporates aspects of classical ballet, Pilates, yoga and other strengthening exercises. It was developed more than 50-years ago by Lotte Berk, a German dancer. Berk sought to find an alternative exercise after a back injury and came up with Barre. The exercise method was brought to the United States by Lydia Bach.

Studio owner Salwan has been working on her fitness since college where she ran track religiously. Her knees began to hurt, so she shifted her focus to group fitness classes, such as step aerobics.

After her son was born about eight years ago, Salwan left her career as an analyst at Progressive Insurance to pursue a full-time one in fitness. She has held personal and group fitness training certifications since 1997 and most recently worked as the group fitness manager at Lifetime Fitness. However, years of high-impact workouts gave Salwan three herniated discs in her back.

She needed to find something else to keep her in shape - and able to work as a fitness instructor, she said.

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Fitness barre set higher in Beachwood business

24 Hour Fitness Supports Augie’s Quest With Online Fundraiser

Posted: at 12:19 am


SAN RAMON, Calif.--(BUSINESS WIRE)--

24 Hour Fitness proudly announces support of Augies Quest, the amyotrophic lateral sclerosis (ALS) research initiative of the Muscular Dystrophy Association - whose mission is to find treatments and a cure for ALS. Now through Sept. 30, 24 Hour Fitness members and fans can make a donation online to support Augies Quest and ALS research.

24 Hour Fitness is honored to raise awareness in support of Augies Quest and Augies brave mission to find a cure for ALS, said Carl Liebert, president and chief executive officer, 24 Hour Fitness. Thousands of people are diagnosed with ALS each year and every single donation gets us that much closer to a cure.

24 Hour Fitness is encouraging members and Facebook fans to donate by visiting 24hourfitness.com/augiesquest. Guests are also welcome to make donations, and can visit 24hourfitness.com where they can also download a free pass.

Fitness pioneer Augie Nieto is a prominent leader in the health club industry and is co-founder and former president of Life Fitness and chairman of Octane Fitness. He founded Augies Quest in conjunction with the MDA after his ALS diagnosis in March 2005. ALS, also known as Lou Gehrigs disease, is a progressive neurodegenerative disease that affects the nerve cells in the brain and spinal cord in control of voluntary muscle movement.

24 Hour Fitness has been a great partner of Augies Quest for many years, said Nieto. Their generous support, coupled with the funds raised from their online donation drive, will help us improve the lives of those who suffer from ALS.

To learn more about Augies Quest, please visit augiesquest.org.

About 24 Hour Fitness

Headquartered in San Ramon, Calif., 24 Hour Fitness is a leading health club industry pioneer, serving nearly four million members in more than 400 clubs across the U.S. Since the first club opened in 1979, the company has been dedicated to helping members change their lives and reach their individual fitness goals. With convenient club locations, personal training services, innovative group exercise classes and a variety of strength, cardio and functional training equipment - 24 Hour Fitness offers fitness solutions for everyone.

Through its support of the United States Olympic Committee and many U.S. National Governing Bodies (NGBs) of sport, 24 Hour Fitness is one of the largest supporters of amateur athletics in the country and serves as the Official Fitness Center Sponsor of the U.S. Olympic and Paralympic Teams. The company is committed to being a good neighbor in its communities via charitable and in-kind donations to groups focused on both helping Americans get healthy and improving youth fitness. The companys national accreditation from the Better Business Bureau, which includes A+ ratings for all club locations across the U.S., demonstrates the organizations ongoing commitment to member satisfaction. Please call 1-800-224-0240 or visit 24hourfitness.com for more information and to find the club nearest you.

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24 Hour Fitness Supports Augie’s Quest With Online Fundraiser

USF Health Selects Tampa's Bisk Education to Expand Online Degree Offerings

Posted: at 12:19 am


TAMPA, Fla., Sept. 7, 2012 /PRNewswire/ --USF Health has selected Bisk Education's University Alliance division to assist in developing and delivering online degree programs. Representatives from each organization, both long-time institutions in Tampa, met at Bisk's Sabal Park headquarters on Friday, August 17 to finalize the agreement.

USF President Judy Genshaft, Ph.D., met with Nathan Bisk, Founder, Chairman, and CEO of Bisk Education, Inc., and Andy Titen, President and Chief Operating Officer, to sign the contract that will expand the online delivery of USF's highly acclaimed academic programs.

"I believe that providing students with increased opportunities for online learning is imperative to their success," said Dr. Genshaft. "Partnering with Bisk Education is a vital part of accomplishing this goal."

In addition to Dr. Genshaft, representatives in attendance included Dr. Stephen Klasko, Chief Executive Officer of USF Health and Dean of the Morsani College of Medicine; Michael Barber, D.Phil., Associate Dean for Graduate and Postdoctoral Affairs; John Ekarius, Chief Operating Officer of USF Health and the Morsani College of Medicine; John W. Long, Chief Operating Officer of USF; Hilary Black, JD, Associate General Counsel of USF; Lisa Greene, Director of Strategic Communications for USF Health; and Dana Tirrell, Project Manager.

The first degree to be offered, a Master of Science in Health Informatics, which will launch in early 2013, will be developed by esteemed USF faculty who are dedicated to using the latest technology to educate students.

"Health Informatics combines science, computer science, and healthcare. It's truly transforming the healthcare field," said Dr. Klasko. "USF Health is dedicated to helping our students succeed in this kind of high-tech, innovative field. We are glad that Bisk, our newest partner, shares that commitment and will help us provide that education nationally and internationally."

Bisk Education is the leader in developing and delivering online degree and professional certificate programs for top-ranked regionally accredited universities. Bisk has helped nationally ranked universities expand their reach and advance their mission since 1996. The company's unique value proposition focuses on six areas or principles of excellence that ensure the development and execution of online programs that help universities increase enrollments while maintaining their academic standards and traditions.

"It is an honor to be selected by the University of South Florida," said Nathan M. Bisk, Founder and Chairman of Bisk Education. "Bisk's commitment to delivering academic excellence to students anytime, anywhere takes on a whole new meaning when the university is in our backyard. Not only are we changing the lives of healthcare professionals everywhere, but we're part of the growth and success of a local institution. This is a partnership that Tampa Bay can be proud of."

After finalizing the partnership USF's representatives toured Bisk's corporate campus where more than 750 employees develop the technology and services that make online enrollment and course facilitation possible.

To learn more about Bisk's comprehensive services for creating scalable online learning programs, please visit http://www.bisk.com.

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USF Health Selects Tampa's Bisk Education to Expand Online Degree Offerings

Roberta Herzberg Joins Aarches Community Health Care Board of Directors

Posted: at 12:19 am


SALT LAKE CITY, Sept. 7, 2012 /PRNewswire/ -- Aarches Community Health Care today announced that Roberta Herzberg, Department Head, Political Science, Utah State University, was elected to Aarches Community Health Care's Board of Directors. Roberta also serves as Vice-chair and Member, Health Advisory Committee, Utah Health Department.

"Roberta is an expert on health policy and economics in Utah and we look forward to benefiting from her insights and experience as a member of Aarches Community Health Care Board," said Linn Baker, Aarches Community Health Care CEO. "Roberta will be our 11th board member, and I think she will add a new dimension to our already lively board discussions."

"Aarches is clearly on the forefront of aligning members and providers of care around coordination of care delivery and payment reform," said Roberta Herzberg, Department Head, Political Science, Utah State University. "I feel privileged to join this exciting and dynamic team and look forward to working closely with Linn and the board during the next phase of healthcare reform and the launch of Aarches Community Health Care.

At Utah State University, Roberta is responsible for managing a $1M budget, personnel, faculty development, curriculum and advising 400+ students across three majors. She has developed new programs, including one minor and an expansion of offerings in China. Roberta also represents the Utah State University in other units and in the broader community. She was formerly Member, Utah Medical Education Council, appointed by then Governor Leavitt and Commissioner, Utah Health Policy Commission, also appointed by then Governor Leavitt. Additionally Roberta was Chair, Utah SCHIP Benefits Committee.

Roberta is well published through the Journal of Economic Organization and Behavior, American Journal of Managed Care, Journal of Politics, Journal of Conflict Resolution and Western Political Quarterly.

About Aarches Community Health Care

Aarches Community Health Care is a Utah 501c non-profit corporation that received start-up and solvency funding under the Affordable Care Act's Consumer Operated and Oriented Plan (CO-OP) program (section 1322) to become a member-owned health plan covering all 29 counties of Utah. For more information, please visit http://www.AarchesHealth.org or call 866.207.8003.

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Roberta Herzberg Joins Aarches Community Health Care Board of Directors

Health officials issue warning about meningitis death

Posted: at 12:18 am


By Robert Vitale

The Columbus Dispatch Friday September 7, 2012 5:42 PM

Columbus health officials issued a rare public-health notice today, following the bacterial-meningitis death of a Pittsburgh man who spent Labor Day weekend in the Short North.

Joseph Christopher Cecchini, 29, died on Wednesday in Pittsburgh, according to Dr. Jim Lando, chief of epidemiology and biostatistics for the Allegheny County Health Department. Officials there contacted Columbus Public Health because meningitis is contagious for people who come in close contact with an infected person.

Cecchini went by the name Joe Christopher, which was used in the public notice by Columbus health officials. He came to Columbus last Saturday and went home on Monday, Columbus Public Health spokesman Jose Rodriguez said.

Cecchini was the president and publisher of Cue magazine, a Pittsburgh-based publication for gay readers.

Because he was a local businessman here ... he could have had a lot of contacts, Rodriguez said.

He said Columbus Public Health officials had given a preventative antibiotic to about 10 people bythis afternoon.

Bacterial meningitis is spread through saliva respiratory-droplet spread, Lando said thats exchanged during coughing or sneezing in close proximity, or when people kiss or share food, a beverage or cigarette.

The federal Centers for Disease Control and Prevention say, however, that the bacteria that cause meningitis are not as contagious as the flu or common cold.

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Health officials issue warning about meningitis death

Research and Markets: Encyclopedia of Human Nutrition, Four-Volume Set. Edition No. 2

Posted: September 7, 2012 at 2:22 pm


DUBLIN--(BUSINESS WIRE)--

Research and Markets (http://www.researchandmarkets.com/research/tvq5w5/encyclopedia_of_hu) has announced the addition of Elsevier Science and Technology's new report "Encyclopedia of Human Nutrition, Four-Volume Set. Edition No. 2" to their offering.

This Second Edition is a thorough revision and 20% expansion of the 1998 release, reflecting the continuing scientific advances in the field of human nutrition. Now a four-volume set, nearly 300 articles with concise, up-to-date information are complemented by an award-winning indexing system. Included is expanded coverage of epidemiology of diet-related diseases, functional foods, food safety, clinical nutrition and gastrointestinal disorders. Virtually everyone will find the Encyclopedia of Human Nutrition an easy-to-use resource making it an ideal reference choice for both the professional and the non-professional alike.

Also available online via ScienceDirect - featuring extensive browsing, searching, and internal cross-referencing between articles in the work, plus dynamic linking to journal articles and abstract databases, making navigation flexible and easy. For more information, pricing options and availability visit http://www.info.sciencedirect.com.

FEATURES OF SECOND PRINT EDITION

- Now a four-volume set with over 250 articles

- Expanded coverage of epidemiology of diet-related diseases, functional foods, food safety, and gastrointestinal disorders, among other topics

ONLINE FEATURES AND FUNCTIONALITIES

- Browse the whole work by volume, authors or article titles

- Full and extensive subject index can be searched or browsed online, and takes you directly to the indexed paragraph, section, figure or table

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Research and Markets: Encyclopedia of Human Nutrition, Four-Volume Set. Edition No. 2

Letter To Shareholders from Creative Edge Nutrition, Inc.

Posted: at 2:22 pm


MADISON HEIGHTS, Mich., Sept. 7, 2012 /PRNewswire/ -- Creative Edge Nutrition, Inc. (FITX), a nutritional supplement company focusing on active lifestyles.

We are at the dawn of exciting times for Creative Edge Nutrition, Inc. (FITX). Since I was appointed as CEO of the Company on April 6, 2012, our Board of Directors had a clear vision and strategy in mind: build a vertically integrated nutrition company that can conceptualize, create and sell direct to the consumer while leveraging strategic distribution partners globally. The foundation towards achieving this goal has been built and we are hard at work daily to execute to this vision. As recently announced, we had sales of $1,541,206, in the second quarter of this year and were profitable.

We will leverage our acquisitions and strategic partners to enable continued organic and inorganic growth to support our goal of creating long-term shareholder value. To support such value growth we also intend to become fully reporting under the requirements of OTC QB to enable FITX to move off the pink sheets by the end of this year.

We will be exhibiting at the Mr. Olympia Show in Las Vegas September 27-30 in booth numbers 281,282,381,382 island booth 20'x20', showcasing many of our new products to current and perspective customers distribution channels. Please stop by our booth if you are attending this event, we would love to meet you. We will also use this show to launch our newly formulated CENERGY brand line of products. http://fp37.a2zinc.net/clients/fpweiderpub/mrolympia12/public/eventmap.aspx?ver=html&shmode=E

I am very proud of our distinctive, innovative and hard working company and the many keen insights we have developed that have guided our bold moves over the past year. More important, I am profoundly excited about continuing to execute the vision of FITX.

Best regards, Bill Chaaban Chairman and Chief Executive Officer

About Creative Edge Nutrition, Inc.Creative Edge Nutrition is a holding company and a Nutritional Supplement Company focused on developing innovative, high quality supplements. The company offers a broad spectrum of capsules, tablets, and powders, as well as science based products in the principal categories of weight management, nutrition challenges, energy and fitness. The Company manufactures under strict GMP guidelines at GMP Certified and/or FDA registered facilities. http://www.CenergyNutrition.com and http://www.facebook.com/pages/Creative-Edge-Nutrition-Inc/115224738609211

Safe Harbor Notice This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities, and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Security and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.

Contact: Paul Thomas (313) 655-1669 Email: Info@cenergynutrition.com

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Letter To Shareholders from Creative Edge Nutrition, Inc.

Alexandra loves teaching fitness

Posted: at 2:22 pm


Trainee personal trainers (from left) Alexandra Prince, Blake Daley and Jessica Harvey from Gerrard Rider Health and Fitness.

Kevin Farmer

TEACHING a fitness class by herself for the first time was daunting, but now Toowoomba teenager Alexandra Price couldn't think of anything better.

"Taking a class by yourself for the first time, well, it's a bit scary," she said.

"But you watch the trainers and because we're always here in the studio we get a pretty good idea of what we have to do."

The Year 11 student from St Joseph's College in Toowoomba is a school-based personal trainer at Gerrard Rider Health and Fitness along with Blake Daley and Jessica Harvey.

The three have been learning the ins and outs of personal training for almost a year from the owner of the fitness centre,Gerrard Rider.

If you would like to book a session with Alexandra, Blake or Jessica phone the studio on 4659 7344.

Sessions cost $10 for an adult and $7 for a student.

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Alexandra loves teaching fitness

Health care system wastes $750 billion a year, report says

Posted: at 2:21 pm


WASHINGTONThe U.S. health-care system squanders $750 billion a year roughly 30 cents of every medical dollar through unneeded care, byzantine paperwork, fraud and other waste, the influential Institute of Medicine said Thursday in a report that ties directly into the presidential campaign.

President Barack Obama and Republican Mitt Romney are accusing each other of trying to slash Medicare and put seniors at risk. But the counter-intuitive finding from the report is that deep cuts are possible without rationing and a leaner system might even produce better quality.

"Health care in America presents a fundamental paradox," said the report from an 18-member panel of prominent experts, including doctors, business people, and public officials. "The past 50years have seen an explosion in biomedical knowledge, dramatic innovation in therapies and surgical procedures, and management of conditions that previously were fatal. ... Yet, American health care is falling short on basic dimensions of quality, outcomes, costs and equity."

If banking worked like health care, ATM transactions would take days, the report said. If home building were like health care, carpenters, electricians and plumbers would work from different blueprints and hardly talk to one another. If shopping were like health care, prices would not be posted and could vary widely within the same store, depending on who was paying.

How much is $750 billion? The one-year estimate of health care waste is equal to more than 10years of Medicare cuts in Obama's health care law. It's more than the Pentagon budget. It's more than enough to care for the uninsured.

Getting health care costs better controlled is one of the keys to reducing the deficit, the biggest domestic challenge facing the next president.

The report did not lay out a policy prescription for Medicare and Medicaid but suggested there's plenty of room for lawmakers to find a path.

Panel members urged a frank discussion with the public about the value Americans are getting for their health care dollars. As a model, they cited "Choosing Wisely," a campaign launched this year by nine medical societies to challenge the widespread perception that more care is better.

"It's a huge hill to climb, and we're not going to get out of this overnight," said panel chairman Dr. Mark Smith, president of the California HealthCare Foundation, a research group. "The good news is that the very common notion that quality will suffer if less money is spent is simply not true."

More than 18 months in the making, the report identified six major areas of waste. Adjusting for some overlap among the categories, the panel settled on an estimate of $750 billion annually:

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Health care system wastes $750 billion a year, report says

Largest Health Plan Survey Cites Key Trends for National and Massachusetts Employer Health Plans

Posted: at 2:21 pm


NEWTON, Mass.--(BUSINESS WIRE)--

In spite of the passage of health care reform legislation, health care costs will continue to increase for both plan sponsors and their employees, according to EBS Capstone, a Massachusetts based Member Firm of United Benefit Advisors (UBA), the nation's largest independent benefits advisory organization. Preliminary results released by UBA from its 2012 UBA Health Plan Survey with 17,905 plans from 11,711 employers -- and the only one of its kind to offer local benefits benchmarking capabilities -- show some startling trends in employer health plans.

One trend that stands out in this years survey shows that employer sponsored health plans experienced an increase of 5% compared to 8.2% last year. In addition, more PPO, Consumer Directed Health Plans (CDHP) and HMO plans required and/or increased employee deductibles in 2012. This trend towards cost shifting to employees continues.

Other key National and Massachusetts statistics from this years survey results:

As health care plan offerings and the federal regulatory environment become more complex, benchmarking data such as the 2012 UBA Health Plan Survey have become increasingly critical for employers looking to manage their health care benefit programs effectively.

The intent of the survey is to provide employers of all sizes with the data they need to manage their health care benefit programs effectively, says Tom McCormick, Senior Partner, EBS Capstone. Large employers will find the UBA Health Plan Survey provides more participants and data in their category than other industry survey. And for employers with fewer than 1,000 employees (which represents more than 99% of the employers in the U.S.) and for employers who have operations in multiple locations, this survey is the only source of reliable regional and in many cases, state health plan benchmarks by size and industry.

EBS Capstone can provide employers with a benchmarking report for their region, industry and size, so businesses can determine which types of plans are most popular in their area, which plans are being phased out, average employee costs and participation, and highly relevant pieces of information that can help them negotiate their rates and communicate their plan advantages to employees.

With more Member Firms located in virtually all US markets, UBA uniquely provides employers of all sizes the data they need to remain competitive in their local markets. The 2012 UBA Health Plan Survey wont be available to the public until Nov. 1. Employers can get inside access to the hundreds of thousands of pages of granular state, regional and industry data through a benchmarking report offered by EBS Capstone.

ABOUT THE 2012 UBA HEALTH PLAN SURVEY With responses from 17,905 health plans sponsored by 11,711 employers nationwide, the 2012 UBA Health Plan Survey is the nations largest and most comprehensive survey of plan design and plan cost benchmarks. As the largest survey of its kind, the UBA Health Plan Survey defines benchmarks by a greater number of specific industries, regions and employer size categories than is available from any other resource. The 2011 UBA Benefit Opinions Survey (which delineates employers' positions and opinions on Health Care Strategy, Health Benefits Philosophy and Opinion, Health Plan Management, Personal Health Management, Employee Communication, and Scope of Benefits Offered) serves as a companion piece to the 2012 UBA Health Plan Survey.

ABOUT EBS CAPSTONE EBS Capstone is a full-service insurance advisor, providing employee benefits, property & casualty and retirement planning solutions. Whether your company is emerging or established, we are committed to providing you with superior customer service, innovative solutions and strategic advice to help you achieve your business goals. What makes us different is our partner-driven approach, dedicated team of experts who focus on critical disciplines and service areas and continuous investment in resources and technology.

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Largest Health Plan Survey Cites Key Trends for National and Massachusetts Employer Health Plans

Halfpenny Technologies Announces Expanded Offering for Health Plans

Posted: at 2:21 pm


BLUE BELL, Pa.--(BUSINESS WIRE)--

Halfpenny Technologies today announced its expanded service offering for health plans. Halfpenny Technologies ITF-Hub is a cloud-based clinical data exchange solution enabling health plans to access members laboratory data from a wide variety of hospital and commercial labs through only one data connection. Importantly, Halfpenny's proven methods of clinical data capture, aggregation, normalization and archive / retrieval are being used for millions of covered lives to bridge the gap between claims information and discrete clinical data.

According to Tim Kowalski, Halfpenny Technologies President and CEO, Health plans are increasingly faced with the challenge of reducing their administrative costs and increasing their revenue streams. Although some health plans receive a reduced set of lab data from the largest commercial labs, the reality is that they are only receiving a small subset of the data they need. By connecting to the Halfpenny Technologies ITF-Hub, a health plan can significantly increase the amount of data they receive as well as the usability of the data. Benefits of this include higher Medicare Five-Star Ratings, increased NCQA and HEDIS scores and better disease management programs via propensity modeling and provider alerts. These benefits help drive reduced costs and increased revenue for the health plans.

Halfpenny Technologies has implemented this lab hub solution for Keystone Mercy Health Plan for several of their major hospitals. According to Russell Gianforcaro, Executive Director Keystone Mercy Health Plan, Halfpenny Technologies robust clinical data exchange solution has allowed us to collect critical lab data from several of our network hospitals that enables us to improve our HEDIS scores and positively impact our disease management initiatives.

Halfpennys ITF-Hub health plan solution propensity modeling allows for the analysis and detection of chronic disease patients. This initial offering supports the identification of kidney disease and diabetes patients with additional chronic conditions planned for the future.

Halfpenny Technologies will be attending the 2012 Blue National Summit in Orlando, FL on September 10-12 and representatives will be available to discuss this exciting new product offering.

About Halfpenny Technologies

Halfpenny Technologies Inc. provides clinical laboratories, hospitals, health plans, health information exchanges and EHR vendors with a cloud based, secure, scalable, vendor-neutral clinical data exchange platform. Our proven track record of providing advanced features, rapid implementation, reliable technology infrastructure and LOINC mapping enables laboratories and hospitals to win new clients and better compete in the HITECH era; health plans to improve HEDIS reporting and STAR ratings, increase revenue and support population-based initiatives; and EHR vendors to include CPOE and results delivery in their solutions and meet Meaningful Use certification requirements.

To learn more about Halfpenny Technologies visit the web site: http://www.halfpenny.com.

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Halfpenny Technologies Announces Expanded Offering for Health Plans

University General Health System Announces Agreement With Rice University Athletics

Posted: at 2:21 pm


HOUSTON, TX--(Marketwire - Sep 6, 2012) - University General Health System, Inc. ( OTCQB : UGHS ), a diversified, integrated multi-specialty health care delivery system, today announced the execution of an agreement between its wholly-owned subsidiary, Sybaris Group, Inc., and Rice University Athletics, whereby Sybaris has been selected as the official catering company for Rice Athletics.

"We are very pleased that our Support Services subsidiary, Sybaris Group, has been named the official caterer for the Athletics Department of such a respected and historic institution of higher learning as Rice University," stated Hassan Chahadeh, MD, Chairman and Chief Executive Officer of University General Health System, Inc. "Sybaris Group has been aggressively expanding its business model, and the outstanding food service provided by Sybaris is consistent with our commitment to the highest level of patient care throughout our expanding health care delivery system. Our relationship with Rice University will allow us to leverage the operating infrastructure that Sybaris has developed in the Houston metropolitan area."

About University General Health System, Inc.

University General Health System, Inc. is a diversified, integrated multi-specialty health care provider that delivers concierge physician and patient-oriented services by providing timely, innovative health solutions that are uniquely competitive, efficient, and adaptive in today's health care delivery environment. The Company currently operates one hospital, two ambulatory surgical centers, two diagnostic imaging centers, three physical therapy clinics, a sleep clinic, and a Hyperbaric Wound Care Center in the Houston area. Also, University General owns three senior living facilities, manages six senior living facilities, and owns a Support Services company that provides revenue cycle and luxury facilities management services.

Forward-Looking Statements

The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements related to the future financial performance of the Company. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful execution of growth strategies, product development and acceptance, the impact of competitive services and pricing, general economic conditions, and other risks and uncertainties described in the Company's Form 10-K, Form 10-Q and other periodic filings with the Securities and Exchange Commission.

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University General Health System Announces Agreement With Rice University Athletics

Public school nutrition forum Sept. 15

Posted: at 12:18 am


San Marcos With the beginning of school in the San Marcos CISD, its time to talk about healthy food choices again.

School nutrition will be the subject of at public forum hosted by the San Marcos Area League of Women Voters at 10 a.m. Saturday, Sept. 15 at San Marcos High School.

The free event will be held in the cafeteria right inside the front entrance. Parents of school-aged children and other interested community residents are invited to attend.

School nutrition was adopted as a study topic by the local league at its annual meeting in May of 2010.

The School Nutrition Study Committee, chaired by Jeannie Lewis, has met monthly for about a year and a half, and, according to Lewis, has learned much in the course of its research.

Lewis says the School Nutrition Study Committee has not yet completed its study so it has taken no public position regarding school nutrition.

She said the purpose of the Sept. 15 meeting is to introduce league members and the public to the new regulations and practices that have been put in place in the local school district.

Local league members will hold a formal consensus meeting on school nutrition next spring.

At the Sept. 15 meeting, Mike Boone, associate director of child nutrition for the SMCISD, will talk about the new nutrition regulations handed down by the U.S. Department of Agriculture last year and on the district's efforts to meet those guidelines.

At the end of his presentation, there will be a question and answer session, followed by samples of school breakfast and lunch items.

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Public school nutrition forum Sept. 15

Mead Johnson to Present at 19th CLSA Investors Forum 2012

Posted: at 12:18 am


GLENVIEW, Ill.--(BUSINESS WIRE)--

Mead Johnson Nutrition Company (MJN) announced today that it will present at the 19th CLSA Investors Forum 2012 in Hong Kong on September 11, 2012. The presentation by Peter Kasper Jakobsen, executive vice president and COO and Peter G. Leemputte, executive vice president and CFO will begin at 10:30 a.m. HKT and will be webcast live on the Internet. To access the webcast go to meadjohnson.com and click first on the Investors tab, then the Events and Presentations tab. A replay will be available for one month after the presentation at meadjohnson.com under the Investors tab, Events and Presentations.

About Mead Johnson

Mead Johnson, a global leader in pediatric nutrition, develops, manufactures, markets and distributes more than 70 products in over 50 countries worldwide. The company's mission is to nourish the worlds children for the best start in life. The Mead Johnson name has been associated with science-based pediatric nutrition products for over 100 years. The company's "Enfa" family of brands, including Enfamil infant formula, is the world's leading brand franchise in pediatric nutrition. For more information, go to http://www.meadjohnson.com.

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Mead Johnson to Present at 19th CLSA Investors Forum 2012

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