Morning Briefing
Summaries of health policy coverage from major news organizations
UnitedHealth Projects Revenue In 2016 Will Be Lower Than Analysts' Estimates
The Wall Street Journal: UnitedHealth Sees 2016 Revenue Slightly Below Estimates
UnitedHealth Group Inc., ahead of its investor day on Tuesday, projected revenue next year that falls just shy of analysts’ estimates, less than two weeks after it said weak performances on public health exchanges would cut into profit. UnitedHealth said it expects 2016 revenue of $180 billion to $181 billion, while analysts polled by Thomson Reuters had forecast $182.36 billion on average. ... The guidance comes shortly after UnitedHealth said it had suffered huge losses on its policies sold on the Affordable Care Act’s exchanges and would consider withdrawing from them, which stoked worries about the future of the marketplaces. (Becker, 11/30)
USA Today/The Arizona Republic: Arizona Inspectors Find Theranos Lab Issues
Before the Silicon Valley lab-testing company Theranos suspended use of its finger-prick blood draws in September because of U.S. Food and Drug Administration concerns, the company tangled with Arizona lab regulators over testing instruments and lab practices. Theranos, which operates retail locations inside 40 Walgreens stores across metro Phoenix, did not always meet lab regulations before taking corrective steps, according to inspection reports reviewed by The Arizona Republic. (Alltucker, 11/30)
The New York Times' DealBook: AppDynamics Expected To Announce Raising Of $158 Million
With customers as varied as large banks, Tesla and the Container Store, AppDynamics helps corporations find anomalies in computer code before they cause major problems, a sub-industry called “application performance management.” ... Among AppDynamics’ customers is Xerox Government Healthcare, which creates applications for Medicaid in multiple states. Gorkey Vemulapalli oversees the unit, which is responsible for seven million lines of code, and he said that before using AppDynamics, five people would spend a 40-hour workweek trying to pinpoint any issues. Now it takes minutes, he said. This business is growing rapidly but is filled with many heavy-hitting and deep-pocketed rivals. (Picker, 11/30)
