[grow_thumb image=”https://telecareaware.com/wp-content/uploads/2018/07/Rock-1-crop-2.jpg” thumb_width=”125″ /]Theranos is now formally in California insolvency proceedings (note on their website). Creditors may have enough awarded to them to go down to the local pizzeria to buy a slice or two. Hard lessons indeed for creditors and shareholders. But aside from the drama yet to come in the trial of Elizabeth Holmes and Sunny now Shady Balwani, a/k/a the Silicon Valley Trial of the Century, are there any further lessons to be learned? For those of us who have not been closely following The Theranos Story, David Shaywitz’s kind-of-review of John Carreyrou’s Bad Blood coupled with... Continue Reading
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CEO change at GE may mean delay or cancellation of GE Healthcare spinoff–for good or ill
The well-publicized and unvarnished dumping of GE‘s CEO John Flannery after only 13 months has led a leading research analyst to predict that the planned GE Healthcare spinoff will be delayed or even halted. Analyst Jim Corridore of CFRA stated on CNBC that incoming CEO Lawrence Culp, a recent board member who was CEO of Danaher, a scientific, industrial and healthcare conglomerate, may decide that the division should stay. At $19 billion in revenue with a profit of $3.4 billion, 15.8 percent of GE’s total sales and 43.2 percent of its operating profit in 2017, the wisdom of a GEHC... Continue Reading
Best Buy update: ‘Assured Living’ assuredly up and running. And was this Editor’s in-store experience not typical?
...her Website We Like, Aging in Place Technology Watch. (She’s alarmed about chipping people too and frames it as more of a security and a moral issue than this Editor did, who prefers her chips to be chocolate and her cars to be driven by her alone.) As to this Editor’s ghostly experience buying a TV in store, perhaps I should have invited a Best Buy rep over! Reader, former Marine flyboy, eldercare expert, and full time grandfather John Boden did and got a simple solution to an annoying problem. Read about it in comments on our prior article here.... Continue Reading
Can Best Buy have an effective older adult strategy when they can’t sell a TV?
...I installed it and can now watch TV without closed captioning. I can assure you I am an elder as the baby boomers are the younger generation to me. Best Buy’s in-home consult is definitely a great service for elders. John Boden Donna Cusano Hi John--perhaps because you're in Florida and I'm in NJ? I'm glad you had a good experience. See the article above for an update. Donna Cusano John--I returned to this article for other reasons a few weeks ago and investigated ZVOX speakers for my brother, who has hearing issues and doesn't always wear the aids indoors.... Continue Reading
The Theranos Story, ch. 56: Bye, bye Theranos…but the litigation continues (updated)
[grow_thumb image=”https://telecareaware.com/wp-content/uploads/2018/07/Rock-1-crop-2.jpg” thumb_width=”150″ /]No more blood in this rock. Really. Theranos, according to a report by John Carreyrou in the Wall Street Journal (unfortunately paywalled) is dissolving. An email to shareholders by (short-lived) Chief Executive David Taylor informed them that the company will cease to exist soon, and that whatever remaining cash will be distributed to unsecured creditors in coming months. The email also added that Theranos made overtures to more than 80 potential buyers through Jefferies Group, but despite 17 NDA’s signed, none succeeded. The dissolution process will start on Monday, pending approval by the board and shareholders. The... Continue Reading
The Theranos Story, ch. 55: ‘Bad Blood’s’ altered reality on ‘Mad Money’; it was all Bad Blitzscaling
[grow_thumb image=”https://telecareaware.com/wp-content/uploads/2018/07/Rock-1-crop-2.jpg” thumb_width=”150″ /] She lied and the lies got bigger and bigger and eventually the lies got so big relative to reality that it became a pretty massive fraud. The hyperbolic Jim Cramer of CNBC’s ‘Mad Money’ settled down for a chat with John Carreyrou, the author of ‘Bad Blood’, to dissect what Mr. Cramer touted as ‘the best business book since Phil Knight’s book about starting Nike, ‘Shoe Dog”. Mr. Carreyrou outlines Elizabeth Holmes and Sunny Balwani went ‘live’ with fingerstick tests far too prematurely, burned through money, lied to the board, and (schadenfreude alert!) lied to attack... Continue Reading
Can equipping care homes with telehealth save the NHS £1bn? (UK)
John boden Care homes that utilize the various skills and talents of the residents as well as technology will bring about greater effectiveness as well as a more fullfilling lives for the elder residents.... Continue Reading
The Theranos Story, ch. 52: How Elizabeth Holmes became ‘healthcare’s most reviled’–HISTalk’s review of ‘Bad Blood’
[grow_thumb image=”https://telecareaware.com/wp-content/uploads/2018/07/holmes-barbie-doll-1.jpg” thumb_width=”125″ /]A Must Read, even if you don’t have time for the book. During the brief Independence Day holiday, this Editor caught up with HISTalk’s review of John Carreyrou’s ‘Bad Blood’, his evisceration of the Fraud That Was Theranos and The Utter Fraud That Is Elizabeth Holmes. Even if you’ve read the book, it’s both a lively recounting of how the scam developed and the willingness–nay, eagerness!–of supposedly savvy people and companies to be duped. The reviewer also reveals that Mr. Carreyrou wasn’t the first to raise questions about Theranos after raves in the press and kudos from... Continue Reading
The 50,000 foot pick as CEO of the JP Morgan Chase-Berkshire Hathaway-Amazon health joint venture
John Hoben Donna Cusano, are you familiar with BrightLife Services as they’re a tremendous part of the telehealth solution? See this article by Kathy Dion for background: http://www.homehealthtechnologynews.com/vendors/brightlife-services-offers-all-in-one-platform/ Pete Ianace, Founder is a fellow member of the Society for Participatory Medicine http://ParticipatoryMedicine.org which is where we met. Strong promise on many levels. Great model for veteran health. John Donna Cusano Thank you John. I noted that BrightLife uses Sensoscan which is the first I've seen of their partnering in the home health area.... Continue Reading
The Theranos Story, ch. 50: DOJ indicts Holmes, Balwani for fraud (updated)
...CEO as well as general counsel, while Ms. Holmes will remain as founder and board chair. None of this is reflected on their website. In fact, Mr. Taylor is nowhere to be found on the website’s leadership page. The estimable John Carreyrou, who broke the story in the WSJ and is the author of Bad Blood [TTA 13 June], on The Street’s Technically Speaking podcast at 06:00 shared this insight on how Theranos got away with bad tests. While both FDA and CMS highly regulate lab testing and the machines that perform them, neither actively police “lab-developed tests, which refer... Continue Reading
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