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|Articles - May 2013|
|Monday, April 29, 2013|
Page 4 of 5
The U.S. is renowned for health care innovation, and new medications, devices and techniques have revolutionized standard practices many times over in the last quarter century. However, newfangled technologies have a price. Portland-based HemCon Medical Technologies, for example, developed a novel type of bandage formulated using the substance chitosan, derived from shrimp, which rapidly stops bleeding on the battlefield and beyond. The fact that HemCon became Oregon's biggest corporate bankruptcy of 2012 after being sued for patent infringement illustrates that stakes are high in health care technology. Companies spend many years developing products, investing millions, awaiting FDA approval and fending off litigation. So if and when brand-name drugs or medical devices finally hit the market, prices must be inflated way above manufacturing costs to cover all the R&D, marketing and intellectual property fees before patents run out or the technology becomes obsolete.
These demands fuel medical inflation. In 2012, Portland-Salem’s consumer price index (CPI) for medical care was 262 points above CPI for all other items, and it has greatly surpassed U.S. medical care CPI since 2007. Prescription drugs are one of the fastest growing among medical care CPI components, and Oregonians have been heavier-than-average drug consumers. In 2011, Oregonians per capita filled 13.3 retail prescription drugs at pharmacies, versus 12.1 across the county, according to the Kaiser Family Foundation.
Health care companies will continue to face battles bringing products to market, and it’s unlikely patients’ hunger for better drugs and technologies will be sated anytime soon. But if consumers can become more cognizant of the costs of their care — even as an employer or insurance company foots the bill — they might aid its cost-effectiveness.
SOURCE: CENTERS FOR DISEASE CONTROL AND PREVENTION
SOURCE: U.S. BUREAU OF ECONOMIC ANALYSIS
Thursday, June 05, 2014
BY HANNAH WALLACE | OB BLOGGER
What does it take to launch and run one of these mobile food businesses?
Monday, June 30, 2014
Oregon Business magazine won two silver awards for excellence in writing in the National American Society of Business Publication Editors Western region competition.
Tuesday, July 08, 2014
BY LINDA BAKER | OB EDITOR
The New Yorker recently published a sharply worded critique of “disruptive innovation,” one of the most widely cited theories in the business world today. The article raises questions about the descriptive value of disruption and innovation — whether the terms are mere buzzwords or actually explain today's extraordinarily complex and fast changing business environment.
Update: We caught up with Portland's Thomas Thurston, who shared his data driven take on the disruption controversy.
Thursday, July 03, 2014
BY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS
The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.
Monday, July 07, 2014
BY TOM COX | OB BLOGGER
Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.
Wednesday, July 09, 2014
BY LINDA BAKER | OB EDITOR
Scott Kveton, the CEO of Urban Airship is taking a leave of absence from the company. As the story continues to unfold, here’s our perspective on a few of the key players.
Tuesday, June 03, 2014
Citing the transition to catch shares management as a key to rebuilding stocks and reducing bycatch, 13 species caught by the West Coast trawl fishery today earned designation from the Marine Stewardship Council (MSC) as sustainable.
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