Hospitals must post ‘chargemaster’ prices online. How useful will that be?
The posting will only be useful if the price schedules reflect realistic prices, not list pricing that no one actually pays. If policymakers want to protect competitiveness of hospitals, price schedules could reflect prior year actual pricing.
Without realistic pricing, the policy is a hollow effort to improve affordability in care
Behind the Market Swoon: The Herdlike Behavior of Computerized Trading – The Wall Street Journal.
The article details how automated trading impacts market performance. The vast majority of trades are done via modeling and electronic channels.
Pfizer, Glaxo to Create Over-the-Counter Drug Giant – The Wall Street Journal.
The two pharmaceutical giants shed their consumer health units to focus on more profitable ventures, like the reliable prescription drug market.
The deal allows Pfizer to focus on growing its biologic and biosimilar pipeline. GSK can now attempt to get stability in its pharma operations.
Health inspection reports find critical violations at NFL, NHL, NBA, MLB stadiums – 2018 ESPN Outside the Lines
The health and sanitation issues surrounding our sports facilities is quite troubling. This is not the first time ESPN raised the concern and probably won’t be the last. The study did not include college facilities or other arenas not used by the big 4 sports leagues.
What is the big fuss? The food vendors at many stadiums either improperly store or handled food or do not adequately maintain cleanliness of facilities to meet requirements. Given the crowd sizes, the potential for outbreaks of food related illnesses is significant.
People want to attend games for a positive experience for their families, friends, or other groups. Sports executives should ensure that the fan experience does not involve sickness and death.
The Plymouth Colony and the Business Case for Gratitude WSJ
A simple concept many managers across the spectrum forget or completely ignore. Showing appreciation for workers and what they contribute to your team is vital for retention and productivity.
Too many managers hold outdated leadership philosophies of yesteryear, which plague their teams with high turnaround. Some managers focus on negative reinforcement to drive metrics, ignoring underlying issues.
Being able to inspire workers, align them with organizational objectives, and foster their ingenuity and innovation into process improvements can help productivity more than cracking the whip.
A title does not make you a leader. Being bossy is not a sign of leadership. Look for those that inspire, influence, and motivate, then you will find your leaders.
Walmart employee app gives physical stores more power – Business Insider
The ability to sell to cash customer is a slight advantage Walmart has on Amazon, but the ability to leverage store inventory as well as distribution inventory is another.
The only problem with the new strategy is the ability of the Walmart workers to effectively satisfy customers. It is no secret Walmart struggles with in-store customer service. The increased engagements may not improve the perception.
As Amazon continues to consider brick and mortar stores, retailers need to figure out how to improve the in-store experience to keep consumers coming back. Amazon is not perfect in its service by any means, but provides convenience.
Nexstar Confirms Deal to Buy Tribune Media WSJ https://www.wsj.com/articles/nexstar-confirms-deal-to-buy-tribune-media-for-4-1-billion-1543842177
Tribune Media found a new home after all. Following the failed merger with Sinclair Media, Tribune merged with Nexstar Media. The combined entity will be the largest operator of local TV stations in the United States.
Interesting to see how local TV stations proceed with content, as consumer taste and behaviors continue to evolve. Can these operators evolve and find a path to greater relevancy in changing market space.
U.S. Climate Report Warns of Damaged Environment and Shrinking Economy- NY TIMES
The updates on climate change continue to paint a dark picture. Despite past policy changes, progress does not appear effective. Industries were disrupted, employees destined to longterm unemployment, but still climate change still continues.
There really needs to be a better approach to fighting the effects of carbon. Proactively capture and storing carbon might be an effective way of mitigating climate change and somewhat protecting our economic progress. Being able to directly eliminate externalities with production will create the needed balance.
Producers need to continuously implement green manufacturing processes. Consumers need to continue to prefer cleaner goods and services. Instead of leveraging climate change for political purposes, instead use free markets and private sector solutions to solve climate change.
Study Cites the Benefits of Taking Student Loans – The Wall Street Journal. https://www.wsj.com/articles/study-cites-the-benefits-of-taking-student-loans-1542191401
Not surprising that people who invest in themselves and their own future will be more focused and efficient when navigating their way towards a college degree.
While not having the trust fund or full ride can be challenging after the fact, students that pay their way find ways to avoid unnecessary charges, like non-essential classes and bloated meal plans, and focus on the GPAs, which can help their ability to attract higher paying employment to pay down the loans. All while providing them life lessons that will help them in their future.
The push for free college will undoubtedly make colleges perform like high schools, as the personal investment will not be there to motivate student performance. Over time, student drop outs will increase, as many high schools ill-prepare students for completing a college curriculum. Progressives will then push for policies that force colleges to graduate students, even though they lack the needed competencies.
The goal should be to incentivize colleges and universities to operate efficiently and pass savings to students, not passing the cost to the taxpayers. Students should truly only pay for the cost of education and services attained. Other activities and projects should be funded through donations, fundraisers, public grants, and other channels.
Amazon Picks NYC, Northern Virginia for Its HQ2 Locations (WSJ) https://www.wsj.com/articles/amazon-hq2-announcement-lic-crystal-city-nashville-1542121089
After reviewing proposals from 238 cities filled with proposed tax breaks and other incentives, Amazon selected two highly affluent cities to house it’s new headquarters. Not many suspected the HQ2 project would lead to more than one location.
As Google previously announced it’s own NYC expansion, it will interesting to see how Mayor de Blasio and re-elected Gov. Cuomo plan to handle further challenge to it’s already overstretched public infrastructure. Taxpayers will probably see their bills increase as investments are made to transportation and housing for 25,000 workers, many not already in the city.
The fanfare is over. Amazon made its decision. Now, the remaining cities will now figure out what is next.