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Philips and Humana team up to improve care for at-risk Medicare Advantage members

December 4, 2019

  • Collaboration will help support independent living for high-acuity seniors by providing 24/7 access to care
  • Philips’ remote patient monitoring capabilities will be utilized to help Humana care managers deliver interventions for their members with congestive heart failure 

Amsterdam, the Netherlands Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced a collaboration with Humana Inc. (NYSE: HUM), one of the leading health and well-being companies in the U.S., to help improve care and health outcomes for select high-risk Medicare Advantage members. Through an integrated approach, Humana has implemented two programs that leverage Philips’ medical alert services and remote member monitoring (RMM) solutions to actively monitor at-risk Medicare Advantage members, encourage more timely interventions and improve care delivery.

“Our goal is to continue to find ways to help our Medicare Advantage members stay longer and safer in their homes,” said Susan Diamond, Humana’s Home Business Segment President. “We believe our work with Philips will help offer our members and their caregivers more in-home support and help them to stay engaged and focused on prevention.”

In the face of rising healthcare costs, payers are increasingly realizing the value of population health management, and seeking partnerships with proven experts in the space to help identify vulnerable populations to deliver meaningful insights into patient conditions. Philips connected care solutions will help Humana provide a seamless care experience by connecting services, analytics and devices to help increase patient engagement and access to care. Leveraging Philips’ established solutions, Humana’s care teams can have line-of-sight into members’ wellbeing to help proactively deliver appropriate interventions.

“Forward-thinking companies like Humana are realizing how deploying population health management can enable the industry to influence high-risk, high-cost populations at scale to help them lead healthier lives,” said Carla Kriwet, Chief Business Leader Connected Care, Philips. “As the industry moves beyond traditional care delivery in the hospital to health delivery that starts and ends in the home, Philips’ population health management solutions can enable strong collaboration between care recipients, providers and payers, connecting care and empowering patients.”

Enabling timely, seamless care for seniors
Humana is identifying members who are at-risk and offering them Philips Lifeline medical alert service, including AutoAlert, Lifeline’s proven fall detection technology, supported by Philips CareSage predictive analytics. Early referrals of patients with chronic conditions, and those at risk of falls, can help enable timely care and interventions, while simultaneously improving clinical outcomes [1]. By providing seniors with 24/7 remote access to trained care specialists who can dispatch the right kind of help, this program will help support Humana’s at-risk Medicare Advantage members in their wish to age-in-place. It can also help reduce unnecessary and costly hospital readmissions [2] which in turn can help lead to overall improved patient experience, higher quality of care and more efficient resource utilization. Philips Lifeline is available on select Humana Medicare Advantage plans offered nationwide.

Research shows 57% of Medicare patients are released from the hospital without any direct monitoring by a healthcare professional, contributing to an annual cost of unnecessary readmissions of $17 billion for Medicare patients alone [3]. Philips CareSage predictive analytics, which collects and analyzes data from multiple sources including Philips Lifeline, provides care teams with a line-of-sight into seniors’ wellbeing upon discharge when the risk of readmission is high. By identifying patients who are at risk for emergency transport in an upcoming 30-day period, predictive analytics can help identify early intervention opportunities and thereby enable the delivery of proactive care to help reduce avoidable emergency admissions.

Activating connected care for CHF patients 
The lack of touchpoints with congestive heart failure (CHF) patients outside of a traditional healthcare environment makes managing these members difficult, creating a barrier to timely and effective interventions, and contributing to the $30 billion CHF patients cost the industry nationwide each year [4]. Through the Philips collaboration, Humana has deployed Philips remote member monitoring solution and its connected measurement devices to select CHF members, allowing care managers to monitor and understand meaningful changes in a member’s condition. By giving these members access to advanced virtual care, Philips will empower CHF patients to actively monitor their health from the comfort of their own home.

Humana is identifying a pilot group of members with severe CHF. Philips is providing members with kits that include an interactive tablet that syncs data from connected measurement devices via wireless technology. These devices, including a weight scale, blood pressure monitor and pulse oximeter, allow members to self-manage their condition, and share health information with their care manager daily. This data will be utilized to support Humana care teams in making informed and proactive care decisions with the pilot group in an effort to help to reduce unnecessary readmissions.

Philips Lifeline and Philips’ remote monitoring offerings are part of the company’s broader Population Health Management portfolio, which provides a comprehensive and proactive healthcare delivery strategy to build connected populations for ongoing care. Philips’ innovative care pathway solutions intertwine services, analytics and devices, leveraging consumer and care experience, to help drive improved enrollment, patient compliance and quality outcomes.

[1] Op den Buijs J, Simons M, Golas S, Fischer N, Felsted J, Schertzer L, Agboola S, Kvedar J, Jethwani K. “Predictive Modeling of 30-Day Emergency Hospital Transport of Patients Using a Personal Emergency Response System: Prognostic Retrospective Study.” JMIR Med Inform. 2018 Nov; 6(4):e49
[2] Ibid.
[3] Center for Health Information and Analysis. “Performance of the Massachusetts Health Care System Series: A Focus on Provider Quality.” 2015 Jan
[4] Heidenreich PA, Trogdon JG, Khavjou OA, Butler J, et al. “Forecasting the future of cardiovascular disease in the United States: a policy statement from the American Heart Association.” Circulation. 2011;123(8):933–44

For further information, please contact:

Kathy O’Reilly
Philips Global Press Office
Tel.: +1 978-221-8919
E-mail : kathy.oreilly@philips.com
Twitter: @kathyoreilly

Silvie Casanova
Philips North America
Tel: +1 781-879-0692
E-mail : silvie.casanova@philips.com

Nancy A. Hanewinckel
Humana Corporate Communications
941.585.4763
nhanwinckel1@humana.com

About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2018 sales of EUR 18.1 billion and employs approximately 80,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

About Humana

Humana Inc. is committed to helping our millions of medical and specialty members achieve their best health. Our successful history in care delivery and health plan administration is helping us create a new kind of integrated care with the power to improve health and well-being and lower costs. Our efforts are leading to a better quality of life for people with Medicare, families, individuals, military service personnel, and communities at large.

To accomplish that, we support physicians and other health care professionals as they work to deliver the right care in the right place for their patients, our members. Our range of clinical capabilities, resources and tools – such as in-home care, behavioral health, pharmacy services, data analytics and wellness solutions – combine to produce a simplified experience with the goal of making health care easier to navigate and more effective. More information regarding Humana is available to investors via the Investor Relations page of the company’s website at humana.com.

Attachments

CP Kelco Announced as Winner of 2019 Fi Innovation Award in Diversity & Inclusion Category

ATLANTA, Dec. 04, 2019 (GLOBE NEWSWIRE) — CP Kelco, a global leader of nature-based ingredient solutions, has been named by Food Ingredients Europe (FiE) as the winner of the 2019 Fi Innovation Award in the Diversity & Inclusion category. Innovation Award winners in 11 distinct categories were announced during a December 3 ceremony at the FiE industry conference and exposition in Paris.

Presented to CP Kelco’s Didier Viala, President, and Sophie Moyal, Sr. Vice President of Human Resources, the Fi Innovation Award for Diversity & Inclusion recognizes an organization for creating a work environment that offers equal opportunities for all employees irrespective of gender, race, religious background, sexual orientation and physical or mental ability.

“We are truly thrilled and honored to receive this prestigious award and recognition for our achievements and ongoing work to embrace Diversity & Inclusion across our global organization,” Viala said. “As part of the J.M. Huber Corporation, a family-owned company, we operate each day with Diversity & Inclusion at the heart of our CP Kelco brand—it’s core to how we engage our employees, and it’s critical to how we serve our customers.”

Viala added that innovation and problem-solving with customers come from a culture of inclusion. “We’re able to achieve meaningful engagement by welcoming employees’ and customers’ ideas, then taking the best of them to develop the most effective solutions that meet customers’ needs,” Viala said. “CP Kelco’s launch during FiE of our latest innovative ingredient, NUTRAVA™ Citrus Fiber, has been the result of being fully committed to inclusion and close collaboration across our cross-functional, cross-cultural global team along with our external partners worldwide.”

Headquartered in Atlanta, Georgia, USA, CP Kelco employs nearly 2,000 people globally and serves customers in more than 100 countries.

About CP Kelco

CP Kelco is a nature-based ingredient solutions company with over 85 years of experience working with food, beverage and consumer products manufacturers worldwide. We unlock nature-powered success by applying ingredient innovation and problem solving to develop customized solutions that leverage our regional insights and meet manufacturers’ goals to address consumer needs and preferences.  What sets us apart:

  • Unique Portfolio. Produces extensive range of high-quality, plant-based and fermentation-derived ingredients to formulate tailored solutions.
  • Technical Excellence. Offers strong collaboration with a global team of scientists and applications experts, leveraging our regional state-of-the art R&D facilities.
  • Sustainability. Committed to providing responsibly sourced and produced ingredients.
  • Market Insights. Understands market and consumer trends to help customers create relevant and innovative products.

Our key product lines include gellan gum, pectin, xanthan gum, carrageenan, diutan gum, refined locust bean gum, microparticulated whey protein concentrate and our latest innovations, CELLULON Cellulose Liquid (fermentation-derived cellulose) and NUTRAVA™ Citrus Fiber. Learn more at www.cpkelco.com.

CONTACT:
Michele Cacdac-Jones
Director, Brand & Marketing Communications
michele.cacdac-jones@cpkelco.com
Mobile: +1 770 743 0564

Avenir LNG Limited Appoints Milorad Doljanin as CEO

London, Dec. 04, 2019 (GLOBE NEWSWIRE) — Avenir LNG Limited (NOTC: AVENIR) announced today that Milorad Doljanin will assume the role of Chief Executive Officer with effect December 13th, 2019. Mr Doljanin joined Avenir LNG in August 2019 as COO. He brings 15 years of LNG trading and commercial experience with PetroChina, Gazprom, EON and BP. Commenting on his appointment, Milorad said “This is an exciting time for Avenir LNG, a company which is uniquely placed to provide LNG to small-scale LNG customers who were previously unable to access the fuel’s environmental and commercial benefits.”

Mr Doljanin succeeds Andrew Pickering, who will retire as CEO of Avenir LNG Limited on December 13th, 2019. Mr Pickering has spent almost 40 years with Stolt-Nielsen Limited, the last five years heading the LNG group, which led to the launch of Avenir LNG Limited in 2018. Mr Pickering commented: “We started with a vision in 2014 and with the commitment of our shareholders built a solid organisation ready for the next phase of LNG distribution. It is with great confidence that I hand over the reins to Milorad.“

Niels G. Stolt-Nielsen, Chairman of Avenir LNG , added “I would like to thank Andrew for the excellent work he has done in establishing Avenir LNG and look forward to working with Milorad in continuing to develop the many exciting opportunities lying ahead for Avenir LNG.”

About Avenir LNG Limited: Avenir LNG supplies small-scale LNG to the marine bunkering, off-grid industries, power generation and transport fuel sectors. Avenir LNG is one of the leading providers of small-scale LNG solutions; working with local partners and end users to develop the infrastructure necessary to unlock new markets for natural gas. With an LNG import facility under construction in Sardinia, Italy and 6 small-scale vessels scheduled for delivery in the next 18 months, Avenir LNG is uniquely positioned to capitalise on this segments high growth potential.

Contact:
info@avenirlng.com
+44 20 7062 6000

Wencor Announces Exclusive Distribution Partnership With Korry Electronics

PEACHTREE CITY, Ga., Dec. 03, 2019 (GLOBE NEWSWIRE) — Korry Electronics Co. has selected Wencor as their exclusive aftermarket distribution partner within Europe, Middle East, and the Americas effective immediately. Under the new agreement, Wencor will support the commercial and general aviation markets with Korry human-machine interface (HMI) solutions which includes switches, cockpit controls, displays and panels.

“We are excited to build this new relationship,” said Chris Curtis, Wencor Chief Executive Officer. “As the aviation industry moves forward, Wencor remains committed to providing innovative solutions that enable aerospace reliability, availability and cost efficiency. Adding the Korry product line to our portfolio supports that objective. ”

Rob Gibbs, President of Korry, commented, “We are delighted to be partnering with Wencor for distribution of the Korry portfolio of parts.  With a worldwide network of stocking locations and strong partnerships with airlines and MRO shops, Wencor can add great value and improved service to our customers.“ Korry has been a trusted name in HMI solutions for more than 80 years.

Wencor will provide increased availability and customer intimacy as both companies work together on innovative solutions that deliver value and quality to customers in the ever changing aerospace market.

About Wencor

Wencor has been a trusted partner in aerospace for over 60 years, offering CMM and DER repairs, PMA and an extensive network of distribution solutions to help make flights safer and more cost effective. We support most of the commercial airlines, repair stations and OEMs worldwide through our corporate affiliates Wencor, Soundair Aviation Services, PHS/MWA Aviation Services, Aerospace Coatings International, Flight Line Products, Accessory Technologies Corporation, Fortner Engineering & Manufacturing, Silver Wings, and Kitco Defense. Wencor Group is headquartered in the Atlanta, Georgia area with additional offices in Utah, Miami, Seattle, California, Alabama, New York, Amsterdam, Singapore, Beijing, Shanghai, and Istanbul. For more information, please visit www.wencorgroup.com.

About Korry

Korry has been a trusted name in human-machine interface (HMI) solutions for the Aerospace and Defense industry since 1937.  Korry provides leading edge Utility Control Systems, Touchscreen Controllers, Integrated Control Panels, Displays and Backlights, Data Concentrators, Pushbutton Switches and Indicators, Knobs and Night Vision Optical Filters.  Korry products are internationally known for their quality in design, manufacturing and service.  For more information about Korry, please visit www.korry.com.

Contact

416 Dividend Drive
Peachtree City, Georgia 30269 USA

Phone: 678.490.0140
Fax: 678.490.0142
www.wencorgroup.com

Craft Brewer Kings & Convicts Brewing Co. to Acquire Ballast Point

CHICAGO and VICTOR, N.Y., Dec. 03, 2019 (GLOBE NEWSWIRE) — Chicagoland-based Kings & Convicts Brewing Co. and Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that Kings & Convicts has signed an agreement with Constellation to acquire the Ballast Point brand and a number of its associated production facilities and brewpubs, excluding Constellation’s Craft & Specialty operations in Daleville, Virginia. This transaction is expected to close by the end of Constellation’s fiscal 2020.

“We’re excited to welcome the team at Ballast Point into the Kings & Convicts family,” said Brendan Watters, Kings & Convicts’ chief executive officer. “We have long admired the quality and spirit of Ballast Point’s brands and team. Ballast Point’s best-in-class brewing standards will remain unchanged, delivering the same high-quality, award-winning products the company has become known for over the years. Our goal is to leverage Ballast Point’s deep know-how, talented and passionate employee base, and outstanding operating team to grow both Ballast Point and Kings & Convicts together.”

As part of this agreement, Kings & Convicts will retain all positions within Ballast Point’s existing workforce, with plans to hire additional resources to support the future growth of the business.

“Trends in the U.S. craft beer segment have shifted dramatically since our acquisition of Ballast Point,” said Bill Newlands, Constellation Brands president and chief executive officer. “Ballast Point remains one of the most iconic craft beer brands in the country and we’re pleased to transition the business to an owner that can devote the resources needed to fuel its future success. At the same time, this decision allows Constellation to focus more fully on maximizing growth for our high-performing import portfolio and upcoming new product introductions, including Corona Hard Seltzer, scheduled to launch this spring.”

Constellation expects to realize slightly improved depletion and margin trends for the beer business upon close of this transaction. Terms of the transaction were not disclosed.

About Kings & Convicts Brewing Co.
Kings & Convicts started brewing for the public in Highwood, Illinois in 2017. Conceived by an Englishman and an Aussie, Kings & Convicts was built on the freedom of anti-authority and the spirit of fellowship. They brew ales and lagers inspired by the tales of convicts, royalty and the undercurrent of American gangsters. Every beer tells a story. Kings & Convicts’ beer is available in draft and cans at their taproom and in bars and restaurants across Chicagoland and southern Wisconsin. For more information, follow along on Instagram and Facebook, and visit www.kingsandconvicts.com.

About Constellation Brands
Constellation Brands (NYSE: STZ and STZ.B), a Fortune 500® company, is a leading international producer and marketer of beer, wine and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Constellation is the No. 3 beer company in the U.S. with high-end, iconic imported brands such as the Corona and Modelo brand families and Pacifico. Its high-quality, wine and spirits brands include the Robert Mondavi and The Prisoner Wine Company brand families, Kim Crawford, Ruffino, Meiomi, and SVEDKA Vodka. The company’s portfolio also includes a collection of highly-rated wine brands such as SIMI and Mount Veeder Winery, spirits brands High West Whiskey and Casa Noble Tequila, as well as new wine innovations such as Cooper & Thief, 7 Moons, and Crafters Union.

Based in Victor, N.Y., the company believes that industry leadership involves a commitment to brand building, our trade partners, the environment, our investors and to consumers around the world who choose our products when celebrating big moments or enjoying quiet ones. Since its founding in 1945, Constellation’s ability to see, meet and stay ahead of shifting consumer preferences and trends across total beverage alcohol has fueled our success and made us one of the top growth contributors in beverage alcohol in the U.S.

To learn more, follow us on Twitter @cbrands and visit www.cbrands.com.

Forward-Looking Statements
This news release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements. The word “expect,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These statements may relate to business strategy, future operations, prospects, plans and objectives of management, as well as information concerning expected actions of third parties. All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, such forward-looking statements.

The forward-looking statements are based on management’s current expectations and should not be construed in any manner as a guarantee that such results will in fact occur or will occur on the timetable contemplated hereby. All forward-looking statements speak only as of the date of this news release and neither Constellation Brands, Inc. nor Kings & Convicts Brewing Co. undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The transaction between Constellation Brands, Inc.’s subsidiary Home Brew Mart, Inc. and Kings & Convicts is subject to the satisfaction of certain customary closing conditions, including receipt of approvals. There can be no assurance the transaction will occur or will occur on its contemplated terms or timetable.

In addition to risks and uncertainties associated with ordinary business operations, the forward-looking statements contained in this news release are subject to other risks and uncertainties, including completion of the announced transaction; the accuracy of all projections; and other factors and uncertainties disclosed from time-to-time in Constellation Brands, Inc.’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended February 28, 2019 and its Quarterly Report on Form 10-Q for the fiscal quarter ended May 31, 2019, which could cause actual future performance to differ from current expectations.

Kings & Convicts Brewing Co.:

MEDIA CONTACTS
Peyton Robertson   858-382-4922 peyton@baybirdinc.com
Alex Harmon   619-905-8889 alex@baybirdinc.com

Constellation Brands:

MEDIA CONTACTS INVESTOR RELATIONS CONTACTS
Mike McGrew   773-251-4934 michael.mcgrew@cbrands.com Patty Yahn-Urlaub   585-678-7483 patty.yahn-urlaub@cbrands.com
Amy Martin   585-678-7141 amy.martin@cbrands.com Bob Czudak   585-678-7170 bob.czudak@cbrands.com
Maggie Bowman   213-500-2401 maggie.bowman@cbrands.com Tom Conaway   585-678-7503 thomas.conaway@cbrands.com

A downloadable PDF copy of this news release enhanced with multimedia links can be found here:

http://ml.globenewswire.com/Resource/Download/1adfdf7e-6d42-43cf-9696-7c527511f859

Ringgit seen trading at 3.97-4.30 versus US dollar in 2020

KUALA LUMPUR, Dec 4 The ringgit is expected to remain stable and trade in a range of between 3.97 and 4.30 against US dollar in 2020 despite headwinds and unpredictable exogenous variables in the global financial markets, said IQI Global chief economist Shan Saeed.

He said the forecast was based on several premises including that the ringgit will follow the trend of the Chinese yuan and crude oil price movement.

The ringgit is going to monitor endogenous and exogenous variables for its movement in 2020.

I have been observing the ringgit movement in the last seven years very closely and it has maintained structural stability in wake of the currency war which was commenced by the US Federal Reserve since December 2008,” he told Bernama.

Shan opined many global central banks would be heading to lower interest rates regime in 2020 to ward off recession concerns.

He said Bank Negara Malaysia (BNM) was also expected to adjust policy levers as per the market forces with the discount rate to meander at around 2.5 per cent to 3.0 per cent next year.

“Bank Negara still has a lot of options to manoeuvre through monetary levers to spur growth and can deliver economic outcomes successfully.

“Plenty of policy levers ammunition at hand to fire up the economy. It is always the monetary policy that drives economy not the fiscal policy which has limited economic outcomes and impact on gross domestic product (GDP) outlook,” he said, adding the markets have confidence in BNM to stimulate growth through prudent and effective use of the monetary policy.

Shan however cautioned about the external outlook.

“Advanced economies’ central banks have been ineffective in making a significant contribution to GDP growth outlook. They have been following quantitative easing and negative interest rates, which means borrowing future growth rates in a few economies but with zero impact.

“Quantitative easing had inflated asset prices in the global financial markets and created distortion,” he added.

Source: BERNAMA (News Agency)

MED plans to develop big data for local entrepreneurs

KUALA LUMPUR, Dec 4 The Ministry of Entrepreneur Development (MED) plans to develop Big Data to help local entrepreneurs obtain market information more effectively.

Minister Datuk Seri Mohd Redzuan Yusof said Big Data will allow entrepreneurs to access information quickly.

Today we have to go to the Companies Commission of Malaysia, Bank Negara, SME Corp or the Finance Ministry to get the data and this is not easy due to administrative processes.

Therefore, we are looking into this matter and hope that it can be done soon, he told reporters at the Post-Budget 2020 Forum here, today.

Mohd Redzuan added that the Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) has been tasked to propose the Big Data development to the Cabinet, adding that the MED will also formulate laws to safeguard the data, including personal data.

On July 2, it was reported that the KPDNHEP would be developing a database of over 40,000 consumer goods, allowing the ministry to forecast patterns as well as the rise and fall of prices based on location, district, state and season.

Source: BERNAMA (News Agency)