Expensive Company – Man Prada Sunglasses http://manpradasunglasses.com/ Wed, 07 Jul 2021 21:38:57 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 http://manpradasunglasses.com/wp-content/uploads/2021/06/icon-3-141x136.png Expensive Company – Man Prada Sunglasses http://manpradasunglasses.com/ 32 32 Former Grass Seed Company Director Sentenced to Federal Prison for Schemes to Defraud Simplot and His Customers | USAO-OR http://manpradasunglasses.com/former-grass-seed-company-director-sentenced-to-federal-prison-for-schemes-to-defraud-simplot-and-his-customers-usao-or/ http://manpradasunglasses.com/former-grass-seed-company-director-sentenced-to-federal-prison-for-schemes-to-defraud-simplot-and-his-customers-usao-or/#respond Wed, 07 Jul 2021 21:16:02 +0000 http://manpradasunglasses.com/former-grass-seed-company-director-sentenced-to-federal-prison-for-schemes-to-defraud-simplot-and-his-customers-usao-or/ PORTLAND, Oregon — The former managing director of the Jacklin Seed Company, a grower and distributor of grass and turf seeds in the Pacific Northwest, was sentenced today to federal prison for plotting to commit wire fraud and money laundering in connection with several schemes aimed at defrauding Jacklin’s former owner, the company JR Simplot, […]]]>

PORTLAND, Oregon — The former managing director of the Jacklin Seed Company, a grower and distributor of grass and turf seeds in the Pacific Northwest, was sentenced today to federal prison for plotting to commit wire fraud and money laundering in connection with several schemes aimed at defrauding Jacklin’s former owner, the company JR Simplot, and its clients.

Christopher Claypool, 53, a resident of Spokane, Washington, was sentenced to three years in federal prison and three years on probation.

Under his plea deal, Claypool has already paid nearly $ 8.3 million in restitution and agreed to forgo nearly $ 7.8 million in proceeds of crime.

As Managing Director of Jacklin, Claypool oversaw sales of the company’s products to domestic and overseas distributors. Jacklin contracted with independent growers in Oregon for the production of proprietary grass seed varieties and fulfilled orders for a distribution facility in Albany, Oregon. Differences in grass seed yield rates have led to overproduction of some varieties and underproduction of others.

According to court documents, at some point between 2013 and 2015, Claypool and other Jacklin employees realized that growers’ preference for high-yielding grasses was creating significant shortages of low-yielding varieties that Jacklin had contracted. to deliver to its customers. Claypool and a colleague who oversaw product execution at the company’s Albany distribution facility acknowledged that these shortages would either cause Jacklin to fail to honor his existing contracts or require Jacklin to pay. a bonus to producers to acquire the necessary stocks, considerably eroding the profits of the company. Claypool and his colleague predicted that either outcome would negatively affect their careers.

From January 2015 and until at least summer 2019, Claypool and his colleague asked employees at Jacklin, the factory in Albany and elsewhere, to fulfill customer orders with different grass seed varieties from those ordered by customers, in order to conceal these customers, and to bill customers as if no substitution had taken place. Claypool and his colleague called this program “getting creative.”

To cover up the unauthorized substitutions, Claypool and his colleague asked Jacklin employees to package the substitute seed varieties with false and misleading labels. They also ordered employees to bill customers according to the original terms of their contracts, notwithstanding unauthorized substitutions. As a result of this scheme, Simplot refunded or credited more than $ 1.5 million to defrauded buyers.

In addition to undisclosed seed substitutions, Claypool engaged in several other fraudulent schemes while he was general manager of Jacklin. In a ploy, he asked an accomplice to set up a limited liability company (LLC) to pose as an independent grass seed broker. Claypool and a co-worker conspired to funnel some of Jacklin’s overseas sales through a competing grass seed seller based in Jefferson, Oregon. The company, in turn, would add its own mark-up to sales and pay out disproportionate commissions to Claypool through his accomplice’s LLC. From December 2018 to August 2019, Claypool generated over $ 369,000 in fraudulent commissions.

In a third ploy, Claypool conspired with the owner of an independent travel agency in Spokane to inflate the alleged costs of Claypool’s international business travel. Claypool traveled extensively abroad on business and had the authority to approve his own travel expenses. Instead of using Simplot’s contractual travel agency, Claypool booked its flights through the independent travel agency. The agent booked economy fares and other cheaper fares for Claypool, but created bogus first class bookings on the more expensive comparable routes in order to generate inflated invoices which he passed on to Simplot, via Claypool , for payment. In total, the agent overcharged more than $ 500,000 for international airline tickets, the majority of which Claypool eventually received bribes from the agent.

In the most lucrative fraud scheme, Claypool directed Simplot’s payment of more than $ 12 million in “rebates” and “commissions” to entities that posed as foreign business partners but were, in fact, offenders. facades for the accomplices of Claypool in the embezzlement of these funds. The accomplices then passed on some of their ill-gotten gains on accounts in Hong Kong to real estate investments in Hawaii under Claypool’s control. Years later, Claypool sold the real estate and transferred the proceeds to investment accounts in Spokane as part of an elaborate money laundering operation.

On February 24, 2021, Claypool was indicted on criminal charges of conspiring to commit electronic fraud and money laundering. On March 15, 2021, he dropped the charge and pleaded guilty to all counts.

Acting US attorney Scott Erik Asphaug of the Oregon District made the announcement.

This matter was investigated by the IRS-Criminal Investigation and the Office of the Inspector General of the United States Department of Agriculture. He was sued by Ryan W. Bounds, Assistant United States Attorney for the District of Oregon.

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Japan’s SoftBank will help Africa expand internet access across the skies http://manpradasunglasses.com/japans-softbank-will-help-africa-expand-internet-access-across-the-skies/ http://manpradasunglasses.com/japans-softbank-will-help-africa-expand-internet-access-across-the-skies/#respond Tue, 06 Jul 2021 10:31:51 +0000 http://manpradasunglasses.com/japans-softbank-will-help-africa-expand-internet-access-across-the-skies/ The Smart Africa Alliance, a group made up mostly of 32 African countries, has partnered with Japanese tech giant SoftBank on using non-terrestrial connectivity to extend internet access to underserved areas of the continent. the Alliance also includes international organizations and global private sector actors charged with implementing Africa’s digital agenda. The pan-African group operates […]]]>

The Smart Africa Alliance, a group made up mostly of 32 African countries, has partnered with Japanese tech giant SoftBank on using non-terrestrial connectivity to extend internet access to underserved areas of the continent. the Alliance also includes international organizations and global private sector actors charged with implementing Africa’s digital agenda.

The pan-African group operates under the Smart Africa manifesto framework and was put in place to accelerate the development of the continent through the use of information and communication technologies (ICT) and better access to broadband services.

Globally, Africa is home to the second highest number of people, but has the lowest number of internet connections. At the end of 2019, mobile internet adoption on the continent stood at 26%, according to a study by the GSMA. report.

Extending network access and coverage to large parts of the region continues to be a major challenge for governments and the private sector.

Smart Africa aims to double the internet penetration rate to 51% by 2025 and is working on the implementation of the Bulk Capacity Purchase project. This is an investment plan that aims to provide affordable internet connectivity to African citizens through joint large-scale procurement efforts of Smart Africa member countries.

Five African countries have reportedly expressed interest in the project. These include Djibouti, Egypt, Kenya, Morocco and Rwanda.

The investment will allow Smart Africa to combine a number of existing satellite and high altitude communications approaches to expand broadband access. This is where SoftBank comes in.

A recent announcement agreement between the two sides reveals plans for Softbank to deploy its non-terrestrial network (NTN) solutions to reduce Internet costs and build affordable Internet infrastructure, primarily in the most remote parts of Africa.

Until now, the main channels used for broadband in Africa have been fiber networks and satellite connectivity, both of which are expensive and time consuming. There is now a growing interest in High Altitude Platform Stations (HAPS) for connectivity as an alternative for underserved areas.

HAPS are launched into the stratosphere, much lower than conventional satellites, to provide broadband connectivity. They are a type of NTN – an umbrella term for any network involving non-terrestrial flying objects. It also includes satellite communication networks, air-ground networks, Drones (Unmanned Aircraft Systems), etc.

SoftBank will use the connectivity services of several companies that provide NTN solutions in its project in Africa.

Providing connectivity from space and the stratosphere has the advantage of not having to deal with the technical problems associated with terrestrial infrastructures. HAPS, for example, could be deployed in remote areas with rugged terrain, underserved areas and low population areas.

However, whether the project can be done affordably is another question due to its costly nature. Nothing was said about how it will be funded in the statement, although it is likely that SoftBank will fund it in part with contributions also from Smart Africa member and partner countries.

The issue of funding is particularly critical as a similar Internet access initiative recently encountered an inability to find a financially viable business model.

Google’s parent company Alphabet ended Loon this year, which sought to deepen broadband connectivity in remote parts of Africa using internet balloons, starting with Kenya.

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International Pop-Up Kitchens Launch at Artillery Arms’ Freedom Day Celebration – The Isle Of Thanet News http://manpradasunglasses.com/international-pop-up-kitchens-launch-at-artillery-arms-freedom-day-celebration-the-isle-of-thanet-news/ http://manpradasunglasses.com/international-pop-up-kitchens-launch-at-artillery-arms-freedom-day-celebration-the-isle-of-thanet-news/#respond Sun, 04 Jul 2021 11:53:56 +0000 http://manpradasunglasses.com/international-pop-up-kitchens-launch-at-artillery-arms-freedom-day-celebration-the-isle-of-thanet-news/ Pop-up foods from around the world at the Artillery Arms The many months of covid restrictions have resulted in changes in how businesses operate – and nothing more than the hospitality business. From tailoring for take-out services to implementing a multitude of covid security procedures – our pubs, restaurants and guesthouses have come up with […]]]>
Pop-up foods from around the world at the Artillery Arms

The many months of covid restrictions have resulted in changes in how businesses operate – and nothing more than the hospitality business.

From tailoring for take-out services to implementing a multitude of covid security procedures – our pubs, restaurants and guesthouses have come up with a myriad of ideas to keep customers happy while complying with regulations.

The restrictions late last year included an edict for Level 2 zones that alcohol could only be served with a “substantial meal.” Although Kent was placed in the strictest Level 3 measures, the rule sparked some ideas in a Ramsgate pub.

The bosses of The Artillery Arms – a cornerstone of the real ale brigade – say it was the seed that led them to prepare to launch a season of exciting new international pop-up cuisines to accompany the traditional allure of the pub.

In addition to craft beers, customers can now enjoy healthy Korean cuisine, spicy street food from West Africa and Morocco, tapas from Tenerife. South American Chimichanga and more.

Sandy, Roger and Hayden with the staff and regulars

Owner Sandy Berwick, who runs the West Cliff Road pub with her husband Roger and son Hayden, said: “The second level, when you couldn’t have beer unless you had a meal too, got us thinking. . Then we met this great group of people who were looking for a place to host their fantastic new kitchen.

“Our customers have tasted samples over the past few weeks and they can’t wait to try the real one in our newly renovated Montauban dining room on the ground floor. We can’t do a lot of trips this year, so why not bring the world back here.

“As long as Boris sticks to his plans on July 19, we start it all off with a“ Celebrate Freedom ”party on July 29 with an amazing Korean chimaek dish called Bam Bam chicken that we’ll serve with a beautiful Korean spirit called Soju.

Yungju Jung – Chef / Patron of Korean Cuisine Tiger Bride

The program will then be in full swing the following week – Thursdays with Korean food. Fridays with African, Spanish Saturdays and more to come.

Isha Diko – chef / boss of North African street food The Tamarind Girl

Coordinator Tony Stevens said: “We are really grateful to Sandy and Roger for giving us this opportunity.

“There are a lot of talented people out there who are hoping to start a food business or start their own restaurant, but it’s an expensive business and if foreclosure has taught us one thing, it’s that working together is the best way forward and the best way to regenerate a city.

“Ideally, a project like this belongs to the High Street and we took our ideas to the local MP and the Thanet and Ramsgate councils and got no response.

Owner Hayden and Staff Member Deanna with Craig Mackinlay who named The Artillery as Parliamentary Pub of the Year in 2019

“But the Artillery is a great place for start-ups. – a really positive atmosphere, nice customers and at Sandy and Hayden two people who are not afraid to anticipate!

Reserve a table at the new restaurant by calling 01843 853282.

Aspiring Pop-Up Kitchens interested in joining the initiative can email Tony, Isha and Yeungju at kabacatering@gmx.com

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The Perils of Public Relations | The Economist http://manpradasunglasses.com/the-perils-of-public-relations-the-economist/ http://manpradasunglasses.com/the-perils-of-public-relations-the-economist/#respond Fri, 02 Jul 2021 15:28:52 +0000 http://manpradasunglasses.com/the-perils-of-public-relations-the-economist/ July 3, 2021 SCERTAIN DECADES a few years ago, Bartleby covered the results of a company which was then in FTSE index 100. It was brought into the offices of the company’s public relations agency, after which the chatterbox RP man (still an industry titan today) embarked on a ten-minute monologue on the company’s strategy. […]]]>

SCERTAIN DECADES a few years ago, Bartleby covered the results of a company which was then in FTSE index 100. It was brought into the offices of the company’s public relations agency, after which the chatterbox RP man (still an industry titan today) embarked on a ten-minute monologue on the company’s strategy. At that moment, a subordinate stuck his head through the door and RP the man was called. “Thank goodness he’s gone,” said the managing director. “Now I can tell you what’s really going on. “

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Any large business may need a team to manage its public image and deal with the “reptiles” of the press, as Denis Thatcher has dubbed them. (This extends to RP companies: This week, reports of inappropriate behavior forced the boss of a large company, Teneo, to resign.) But once you start employing RP people, it can be hard to stop. In a variation of Parkinson’s Law, “RP expands to fill the available budget. Companies can hire an internal team while choosing to use a RP solidify. And in the event of bad news, the bosses often wish to call upon a firm specializing in “crisis management”.

The goal of a business is to frame the narrative favorably. Any business wants to be seen not as a money-hungry business that pollutes the environment and exploits its workers, but as an innovative pioneer with sustainable operations and a social conscience. An expert RP executive can refine such a message and identify the best way to communicate it to investors and the general public, for example by selecting journalists and publications that will lend a listening ear.

At least that’s the theory. In practice, most relationships between journalists and RP professionals look like “groundhog day”. Day 1 : RP the person sends an email about the customer. Day 2: RP the person sends a follow-up email to verify that the reporter received a previous missive. Day 3: RP no one calls the reporter to make sure he is aware of the e-mails. Day 4: RP sends a new email to the same client and the process starts over.

Perhaps this frantic activity has some use. It is possible that a publication is in desperate need of filling up space or is seeking the opinion of a random leader on an issue of the day. But in most cases, this only serves to irritate the caller who has to deal with the harassment.

The poor office juniors at the RP companies are given the thankless task of chasing email. More experienced staff are operating face to face, or at least did so before the pandemic. They tend to come in three types. The first is the interventionist mentioned above, who pontificates as if he were actually part of the board of directors of the company concerned. Sympathetic on the surface, these RP people tend to become condescending or hostile if the reporter asks an uncomfortable question. An unfavorable article will be followed by a furious phone call (Lord X will be very disappointed with your article) or even an attempt to influence the publisher.

The second RP the type is much more discreet. Some disseminate a minimal amount of information as part of a deliberate policy to keep their customers out of the headlines. Others are fond of publicity but keep a Trappist silence during meetings, content to take notes and enjoy expensive lunches while the client speaks. Apart from inflating the income of the restaurant industry, it can be difficult to discern the function of this group.

There is a third group. Some RP people provide useful facts about the company when asked, give a clear indication of the veracity of market rumors, and set up an interview with the CEO if necessary. These useful RP people are unevenly dispersed in the corporate sector. It is virtually impossible to predict where they will be found.

The existence of these three categories is not the only reason journalists maintain a love-hate relationship with the RP industry. However irritating RP people can be, they are often one of the only channels for information about a business. And many hackers in their 30s and 40s choose to join the industry in order to earn a bigger salary. In a sense, the relationship is an ecosystem, in which both parties see each other as parasites.

Whether companies should fund this system is another question, as the main benefits accrue to the participants. A lot of RP the activity has no impact on the client’s public profile. It sounds like a more extreme version of the famous advertising quote: Three-quarters of the money I spend on public relations is wasted – the problem is, which three-quarters.

This article appeared in the Business section of the print edition under the headline “The Perils of Public Relations”

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The July 4th trip will begin on Thursday afternoon; gas price at the highest for seven years http://manpradasunglasses.com/the-july-4th-trip-will-begin-on-thursday-afternoon-gas-price-at-the-highest-for-seven-years/ http://manpradasunglasses.com/the-july-4th-trip-will-begin-on-thursday-afternoon-gas-price-at-the-highest-for-seven-years/#respond Thu, 01 Jul 2021 09:35:00 +0000 http://manpradasunglasses.com/the-july-4th-trip-will-begin-on-thursday-afternoon-gas-price-at-the-highest-for-seven-years/ COLORADO SPRINGS, Colo. (KKTV) – If you’re traveling for the July 4th weekend, you’ll be joined by a lot of people on the roads. 11 News has all the details on gas prices and travel impacts for your Independence Day weekend. Gas Prices in Colorado: If you’re planning on traveling around the state, you’ll find […]]]>

COLORADO SPRINGS, Colo. (KKTV) – If you’re traveling for the July 4th weekend, you’ll be joined by a lot of people on the roads. 11 News has all the details on gas prices and travel impacts for your Independence Day weekend.

Gas Prices in Colorado:

If you’re planning on traveling around the state, you’ll find a Thursday gas price map below.

Colorado Gas Prices 7/1/2021(AAA Colorado)

According to AAA, El Paso County and the Denver area have roughly average gas prices going into the fourth weekend, while gas in the mountains is more expensive.

The average price of a gallon of gasoline in Colorado is 96 cents higher than a year ago, with an average gasoline price of $ 3,427 per gallon in 2021 and $ 2,465 in 2020.

Gas prices throughout the country:

If you plan to travel out of state, below is a Thursday gas price map.

Gas prices throughout the country 1/7/2021
Gas prices throughout the country 7/1/2021(AAA)

According to AAA, western parts of the country, including Colorado, have above-average gas prices heading into the fourth weekend, while gas in the Midwest and southern parts of the country is cheaper.

The average price of gasoline per gallon across the country is 94 cents higher than a year ago, with an average gasoline price of $ 3.123 per gallon in 2021 and $ 2.179 in 2020.

AAA said the gas was the most expensive for seven years. Experts believe prices have yet to plateau and will continue to climb until August.

Travel time :

AAA Colorado has said holiday weekend trips will likely begin Thursday afternoon, when travelers mingle with business commuters. Drivers can expect double the journey time until around Monday.

“Denver is the third most popular destination for travelers, so we’ll be seeing a lot of people from outside Colorado visiting us, especially going up into the mountains and trying to escape the heat a bit,” Cassie said. Tanner from AAA. Colorado.

For more information on road conditions and traffic impacts in Colorado, click here for the CDOT website.

For more information on the impacts of air travel through Denver, click here for the DIA website.

For more information on the impacts of air travel through Colorado Springs, click here for COS airport website.

Copyright 2021 KKTV. All rights reserved.

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TravelPerk partners with Divvy to strengthen T&E http://manpradasunglasses.com/travelperk-partners-with-divvy-to-strengthen-te/ http://manpradasunglasses.com/travelperk-partners-with-divvy-to-strengthen-te/#respond Tue, 29 Jun 2021 20:30:17 +0000 http://manpradasunglasses.com/travelperk-partners-with-divvy-to-strengthen-te/ Share Tweeter Share Share Share E-mail Travel benefits and Split team up to provide a travel and corporate expense management experience with a connection between the two companies. TravelPerk Achieves Primary Travel Partner Status Of Divvy Via Collaboration, According To Tuesday (June 29) ad. “Through [recognizing] With each other’s strengths and expertise, we are able […]]]>

Travel benefits and Split team up to provide a travel and corporate expense management experience with a connection between the two companies. TravelPerk Achieves Primary Travel Partner Status Of Divvy Via Collaboration, According To Tuesday (June 29) ad.

“Through [recognizing] With each other’s strengths and expertise, we are able to set new standards for employees and businesses that we think our customers will love, ”said TravelPerk Chief Product and Technology Officer Ross McNairn in the ad.

To this end, Split Travel (powered by TravelPerk) provides a streamlined central portal that allows staff members to easily book and control their trips – from the moment they make their reservations until the time they spend their trips, the ad says.

The service also equips finance teams with “exceptional” visibility and management for all business expenses, according to the announcement. And it saves time and money.

“We are delighted to partner with TravelPerk to provide business owners with easy-to-use software that controls expenses,” Divvy Chief Revenue Officer sterling snow said in the ad. “With a complete expense and travel process, Divvy and TravelPerk can save finance teams valuable time and money. “

The collaboration occurs as businesses reopen and “must be positioned to grow, while on budget,” according to the announcement.

In April, TravelPerk announced that it had raised $ 160 million in Series D debt financing and equity to fuel the next iteration of its international investment, bringing its total investment to $ 294 million.

At the time, it was noted that TravelPerk intended to exploit the infusion to strengthen its European and American presence and focus on product innovations.

“Over the past 12 months, we have consistently innovated to meet the changing needs of travelers navigating the complex travel environment during COVID and have continued to grow as a business during one of the industry’s worst crises. ever known ”, TravelPerk CEO and co-Founder Avi meir said at the time.

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NEW PYMNTS DATA: FOCUS ON AI: THE BANK’S TECHNOLOGICAL ROADMAP

About the study: The AI ​​In Focus: The Bank Technology Roadmap is a research and interview report examining how banks are using artificial intelligence and other advanced IT systems to improve credit risk management and other aspects of their operations. The Playbook is based on a survey of 100 banking executives and is part of a larger series assessing the potential of AI in finance, healthcare and others.


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Companies are starting to work with transparent pharmacy benefit managers http://manpradasunglasses.com/companies-are-starting-to-work-with-transparent-pharmacy-benefit-managers/ http://manpradasunglasses.com/companies-are-starting-to-work-with-transparent-pharmacy-benefit-managers/#respond Mon, 28 Jun 2021 14:24:56 +0000 http://manpradasunglasses.com/companies-are-starting-to-work-with-transparent-pharmacy-benefit-managers/ Pharmaceutical industry intermediaries called drug benefit managers are struggling for overcharging customers. It pushes companies towards companies that promise transparency and say they operate differently. But breaking through is difficult for alternative PBMs that aren’t as valued by powerful consultants. See more stories on the Insider business page. Pharmacy benefit managers face a new wave […]]]>
  • Pharmaceutical industry intermediaries called drug benefit managers are struggling for overcharging customers.
  • It pushes companies towards companies that promise transparency and say they operate differently.
  • But breaking through is difficult for alternative PBMs that aren’t as valued by powerful consultants.
  • See more stories on the Insider business page.

Pharmacy benefit managers face a new wave of scrutiny from states into the covert ways they generate profits.

It helps boost business in small businesses and venture-backed startups that say they operate differently.

PBMs are intermediaries that manage prescription drug benefits for health plans and companies that provide health benefits to their employees. About 157 million people benefit from health coverage thanks to their work.

PBMs say they are saving companies money by negotiating discounts with drug manufacturers, but official audits in Ohio, Delaware, Florida, and other states have discussed how some PBMs mark up drug prices and pocket the difference.

Several states are investigating the billing practices of PBMs, The Wall Street Journal reported in May. In June, insurer Centene settled lawsuits in two states without admitting fault and said it had set aside more than $ 1 billion to settle similar disputes in other states. CVS Health also revealed in a quarterly filing in March that its PBM was at the center of several investigations and prosecutions. A CVS spokesperson told Insider that the company is disclosing disputes regardless of their merit.

Employers and other PBM clients have long been kept in the dark about the benefits of PBMs – and confidential and highly complex contracts have made it nearly impossible for them to know if they are getting a good deal.

But as employers struggle to pay for rising drug costs, they are increasingly questioning traditional PBMs and looking for alternative companies that promise to pass on all discounts and other costs without taking a margin, according to consultants and other health experts.

“Employers are very interested in transparency. Their biggest frustration is the opacity of the supply chain and not really understanding whether everything is going or not,” said Brian Marcotte, former CEO of the Business Group on Health, which advises the startup PBM. With Me Health.

Alternative PBMs like WithMe, Capital Rx and Navitus Health Solutions who say they make money solely from administrative fees say their businesses are growing as employers seek transparent options to help control costs.

Still, it’s not easy to gain a foothold in an industry controlled by three PBM giants – CVS, Cigna’s Express Scripts and OptumRx from UnitedHealth Group – and experts say transparency doesn’t necessarily mean lower costs.

Business is booming for some PBMs that promise transparency

Traditional PBMs take advantage of “price-pricing,” when they charge health plans more than they pay pharmacies to dispense drugs.

They also negotiate rebates in the form of rebates from drug manufacturers in exchange for listing a drug on a formulary or list of covered drugs. Expensive drugs offer higher discounts, but could increase costs for employers and workers in the long run, experts said.

A growing number of small businesses have given up on these tactics and said they pass all discounts and other costs on to drugs, making money just by charging administrative fees.

Business is booming for one of these so-called pass-through PBMs, Navitus. The Wisconsin-based company manages drug benefits for the 300,000 Costco employees and their families.

A photo of David Fields, CEO of Navitus.

David Fields, President and CEO of Pharmacy Benefits Manager Navitus.

Navitus


Despite the COVID-19 pandemic, 2020 was the biggest year of Navitus customer growth in its 20-year history. The company serves more than 7 million people and has enrolled an additional 1 million people for the coming months, whereas five years ago it served 5 million people. It plans to reach 15 million customers in the next five years.

“Most of our clients have become disillusioned with the Big Three and realize that there is now a different way of doing it that can lead to different results,” Navitus CEO David Fields told Insider.

Employers’ drug costs drop an average of 15% after switching to Navitus because the company isn’t taking a spread or looking for steep discounts, Fields said.

Fields said the company’s relationship with Costco, which bought a minority stake in PBM in 2020, gave it credibility. Today, more and more large employers who previously thought Navitus was too small to work with are turning to him for help managing drug costs, he said.

Startups That Manage Pharmaceutical Benefits Attract New Customers and Investors

Capital Rx, a New York-based startup launched in 2018, has grown its client base by 400% in 2020 and plans to move closer to that level of growth this year again, CEO AJ Loiacono said. The PBM plans to serve more than one million people in more than 200 employers by January 2022.

Capital Rx has raised $ 69 million from investors like Transformation Capital and Edison Partners. The company, which charges a fixed administrative fee to customers, is based on the concept that prescription drugs should have a fixed price that everyone pays – just like over-the-counter drugs like Tylenol – and that a PBM should not determine or score up to the price.

Loiacono said that all Capital Rx clients got the same drug prices, based on the federal government list of the actual prices that retail pharmacies pay for drugs. Customers can see the prices paid at pharmacies, while pharmacies can see what customers are charged, Loiacono said.

It’s different from the way things work in traditional PBMs. Their agreements with the companies do not contain specific drugs, but descriptions of types of drugs, like generic and branded drugs, that can easily be handled, Loiacono said. Companies pay these PBMs the “average wholesale price” of the drugs minus a discount, but this does not reflect actual drug prices, he said.

Capital Rx is echoing with employers who question not only traditional PBMs, but also the consultants who put them on bad contracts, Loiacono said.

“What people suddenly understand is that the fortunes of PBMs and carriers are extended to certain brokers and consultants,” he said.

WithMe Health, launched in November, focuses on managing and supporting patients in order to reduce costs for employers.

The PBM wants to make sure that patients are taking the right drugs and the cheapest versions available. He says he’s using data, technology, and a pharmacist-led team to do this. Traditional PBMs have focused less on efficient patient management and more on rates and discounts, said Joe Murad, CEO of WithMe.

Murad said WithMe charges a fixed monthly fee per person – that way his advice is not influenced by the desire for more transactions and higher discounts, but by what is in the patient’s best interest.

WithMe has raised $ 48.5 million from venture capital firms like OMERS Ventures. Navitus has also invested and partnered with the company.

The young startup serves more than 25 employers as a PBM, and it’s “growing dramatically,” Murad said. Because employers want choice and it’s hard to oppose entrenched PBMs, WithMe said, its drug referral services can build on a traditional PBM model.

Pass-through PBMs compete with industry giants who have close relationships with consultants

Getting an employer to switch to a smaller alternative PBM can be a tough sell. Employers rely on consultants, and consultants haven’t always appreciated transparent PBMs, Marcotte said. Consultants place a lot of weight on discounts and discounts and less on things like medication management, he said.

Several sources also said that moving to a transparent PBM model doesn’t necessarily mean employers will save money on drug costs.

“Even though the big guys take the margin, they’re also big, so their scale allows them to negotiate prices at a lower level,” said David Dross, pharmacy benefits consultant at Mercer.

This has prevented some employers from trying alternative PBMs. Still, Dross said his practice is seeing more and more employers, especially in the western United States, switching to pass-through PBMs not because they think they’re going to save a lot of money. , but because they are “philosophically opposed to the idea of ​​spread pricing.”

Magda Rusinowski, vice president of Business Group on Health, said employers want transparency so they can get a better idea of ​​what is behind the high costs of their pharmacies. While this desire prompts employers to consider alternative PBMs, it also puts pressure on traditional PBMs to become more transparent, she said.

Centene, for example, who settled lawsuits in Ohio and Mississippi over its PBM earlier this month, said it had eliminated pricing from spreads and restructured its business to be more transparent.

But Linda Cahn, a PBM expert who helps employers write airtight PBM contracts, said that while many companies claim to pass on all discounts, few actually do. Some exploit loopholes in contracts to circumvent their promises; they could choose to pass on their more expensive tariffs while also spreading out their cheapest tariffs, she said.

Michael Yang, managing partner of OMERS Ventures and board member of WithMe, said the industry still has a long way to go before transparent PBMs become mainstream. But he is optimistic.

“The big three have ridiculous market power,” he said. “I’m not here to tell you that every employer is ditching the big three and moving to a transparent pass-through model. These are the brave, and it’s little and far right now, but it’s absolutely the future. . “

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West Norfolk Business Survey paints a picture of optimism in King’s Lynn http://manpradasunglasses.com/west-norfolk-business-survey-paints-a-picture-of-optimism-in-kings-lynn/ http://manpradasunglasses.com/west-norfolk-business-survey-paints-a-picture-of-optimism-in-kings-lynn/#respond Sun, 27 Jun 2021 06:00:00 +0000 http://manpradasunglasses.com/west-norfolk-business-survey-paints-a-picture-of-optimism-in-kings-lynn/ A lack of understanding of the availability and flexibility of trade finance could hamper the growth of businesses in the region, although most companies said they would likely need external financing in the next three years, according to a new business survey. The regional business survey was undertaken by Lynn Complete Commercial Finance between April […]]]>

A lack of understanding of the availability and flexibility of trade finance could hamper the growth of businesses in the region, although most companies said they would likely need external financing in the next three years, according to a new business survey.

The regional business survey was undertaken by Lynn Complete Commercial Finance between April and early June and paints a picture of optimism, with respondents representing 12 industries.

In the survey, 91 percent of participants said they felt very positive or positive about how their business performed over the next 12 months.

The Complete Commercial Finance team, from left to right, Gary Webb, Karl Lanham and Michael Moore. (48514654)

Not surprisingly, COVID-19 is the biggest challenge facing 51% of businesses, with taxes and late payments also affecting the prospects of 29% of participating businesses.

Despite this, only two percent of those surveyed use the invoice discount which offers a flexible and convenient solution to improve cash flow.

“We were delighted with the response to our first business survey, a project that we plan to repeat each year to compare the attitudes of business owners,” said Karl Lanham and Michael Moore, directors of Complete Commercial Finance.

“The past year has been incredibly difficult for most businesses and it’s encouraging to hear how positive businesses are feeling about the next 12 months.

“Despite this, the study reveals gaps in companies’ financial literacy.

“Many businesses could take advantage of trade finance to improve their cash flow, but 29% of respondents say they don’t know where to find the right financing, worry about a bad credit history (29%), or think that it is expensive (24 percent).

“We’re here to help businesses find the right financing products and overcome credit problems, and our mission is to educate more businesses to view trade finance as a valuable business tool for growth. “

For more information and to view the full results of the comprehensive Business Finance Survey, please visit: ccf.finance



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Biogen defends Alzheimer’s drug price amid fury http://manpradasunglasses.com/biogen-defends-alzheimers-drug-price-amid-fury/ http://manpradasunglasses.com/biogen-defends-alzheimers-drug-price-amid-fury/#respond Fri, 25 Jun 2021 23:36:10 +0000 http://manpradasunglasses.com/biogen-defends-alzheimers-drug-price-amid-fury/ “There is no perfect analogue in this space, but we rated Aduhelm to be about 1/3 the level of cancer immunotherapies and about 25% below the average level of psoriasis biologics” such as Humira, she said in an email. Critics say the comparison would make sense if Biogen had submitted convincing evidence to the Food […]]]>

“There is no perfect analogue in this space, but we rated Aduhelm to be about 1/3 the level of cancer immunotherapies and about 25% below the average level of psoriasis biologics” such as Humira, she said in an email.

Critics say the comparison would make sense if Biogen had submitted convincing evidence to the Food and Drug Administration that Aduhelm worked in clinical trials, as the makers of Keytruda and Humira have done. But this is not the case.

“Keytruda is an expensive drug, but for patients with non-small cell lung cancer, you have clinical data showing that it improves survival,” said Brian Skorney, analyst at Baird investment bank , who argues that drug regulators should not have approved Aduhelm. “The problem here with Aduhelm’s award is that there is no argument that it is doing for Alzheimer’s patients what Keytruda is doing for cancer patients.”

The FDA approved Aduhelm on June 7 over objections from the agency’s scientific advisory board, including three members who resigned in protest, saying Biogen had failed to demonstrate its effectiveness. One of the most closely watched investigational drugs in recent history, it had generated conflicting results in two late stage clinical trials. In one study, people who received the drug declined 22% slower on average than those who received a placebo. The other trial did not achieve its goal.

Many analysts and scientific experts have been stunned by Aduhelm’s approval, which came under pressure from families of people with Alzheimer’s and their advocates. The FDA cleared the drug under a less common “fast track” for drugs that meet a serious unmet need.

The FDA typically uses this approach when regulators are unsure of a drug’s clinical benefits and rely on another yardstick that suggests it would help patients. In this case, it was Aduhelm’s reduction of a sticky substance called amyloid that clumps together in plaques in the brains of people with Alzheimer’s disease. The reduction, Biogen said this week, is “reasonably likely to predict” that the drug will benefit these patients.

Considering the “unbearable expense” of treating the approximately 6 million Americans with the most common cause of dementia, Biogen estimates that $ 56,000 “reflects the overall value this treatment brings to patients, caregivers and the community. the company, ”Parks said.

Critics, including drug pricing experts, leading scientists, a senior insurance executive and several lawmakers in Washington, vehemently disagree.

They say the evidence that Aduhelm was effective in clinical trials was confusing at best, and the drug is only worth a fraction of $ 56,000, if any. They also say there remains an open question whether removing amyloid plaques from the brains of people with Alzheimer’s disease will slow cognitive decline.

“Based on the evidence we have today, this drug is nowhere near as effective, if it is effective at all,” said Dr Steven Pearson, president of the Institute for Clinical and Economic Review, or ICER, an influential drug from Boston. price watch group.

Pearson’s group recently attempted to calculate a fair price for a hypothetical drug that did not cure Alzheimer’s disease but prevented it from progressing in patients with early symptoms. The ICER concluded that such a drug would be a breakthrough and could cost between $ 50,000 and $ 70,000 per year, based on an estimated annual cost of $ 500 billion to the U.S. healthcare system as a result of this. devastating disease.

But in a May 7 draft report, the watchdog group said Biogen generated “insufficient evidence” that its drug would fit the bill, if the FDA approved it, as the agency did for four weeks. later. In fact, the ICER calculated that Biogen’s drug would deserve an annual price of only $ 2,500 to $ 8,300, based on conflicting results and evidence from clinical trials. that it can cause worrying side effects, including swelling of the brain which usually does not cause severe symptoms.

Many drug companies have charged breathtaking prices for breakthrough new drugs in recent years, including gene therapy from Novartis that costs $ 2.1 million for a one-time treatment for a rare inherited disease. But Skorney, Baird’s analyst, said Biogen may have “pushed a sleeping bear” into charging $ 56,000 for Aduhelm amid widespread skepticism about its effectiveness.

The price tag, he said, could cause Congress to pursue drug pricing reforms, including seeking permission to negotiate drug costs on behalf of the government-funded Medicare program, whose beneficiaries constitute the bulk of patients with Alzheimer’s disease.

Senators Elizabeth Warren, Democrat of Massachusetts, and Bill Cassidy, Republican of Louisiana, this week called on Congress to investigate Aduhelm’s implications for the federal budget. Analysts have predicted that Medicare and its registrants, who pay a share of their prescription drug costs, will spend between $ 5.8 billion and $ 29 billion per year on the drug, which could be more than the federal government spends. for some entire agencies.

Biogen and its Japanese business partner, Eisai, said in a press release Wednesday that they plan to market the drug to 1 to 2 million Americans with mild cognitive impairment, although the drug’s label from the FDA does not limit it to these patients.

Biogen also said it was working with Connecticut-based insurer Cigna and the Veterans Health Administration on “innovative access agreements” for the patients these organizations serve, but Biogen did not provide details. A spokesperson for the Veterans Health Administration said on Friday it could not provide any information immediately. Cigna did not respond to inquiries.

Michael Sherman, chief medical officer of Point32Health, the insurance company formed by the recent merger of Tufts Health Plan and Harvard Pilgrim Health Care, agreed that Aduhelm’s pricing could fuel long-standing appeals to the government to limit drug prices, anathema to pharmaceuticals. industry.

His company, Massachusetts’ second-largest health insurer, is carefully weighing whether to cover Aduhelm because it’s so expensive, and experts consulted by Point32Health have “consistently … been negative about their belief in the effectiveness of the drug. medication, ”Sherman said. in an email.

Biogen, Sherman continued, demonstrated that the current drug approval process “can create a blank check when it approves a drug for which there is no direct competition. The fact that Biogen chose to populate it with an inordinately high number shows this in a way that invites a strong regulatory response. “

Even the Alzheimer’s Association, which enlisted celebrities such as Samuel L. Jackson in a public campaign that lobbied the FDA to approve Aduhelm, broke with Biogen over the price.

Joanne Pike, chief strategy officer for the nonprofit, said Thursday the group recognizes Aduhelm is not a cure, but believes it will benefit patients and lead to better medicines.

“The association does not determine the costs of the drugs, but we want the treatment to be affordable and accessible,” she said. “The price as it stands today is unacceptable.”


Jonathan Saltzman can be reached at jonathan.saltzman@globe.com.

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How to have a good meeting http://manpradasunglasses.com/how-to-have-a-good-meeting/ http://manpradasunglasses.com/how-to-have-a-good-meeting/#respond Thu, 24 Jun 2021 19:56:57 +0000 http://manpradasunglasses.com/how-to-have-a-good-meeting/ But some of the worst encounters are born from the best intentions. In his 1976 superlative treatise on effective communication in the workplace, “How to organize a meetingBritish writer Antony Jay warns of risks such as reluctance to exclude someone from a discussion and waiting for everyone to arrive before going into business. (“There’s only […]]]>

But some of the worst encounters are born from the best intentions. In his 1976 superlative treatise on effective communication in the workplace, “How to organize a meetingBritish writer Antony Jay warns of risks such as reluctance to exclude someone from a discussion and waiting for everyone to arrive before going into business. (“There’s only one way to make sure a meeting starts on time, and that’s to start it on time,” Jay wrote.)

In manic detail, Mr. Jay described what seems to the reader something like 500,000 possible permutations of rally type, goals, leadership tactics, discussion structures, seating arrangements, etc., l architecture of hypothetical meetings – each path of which inevitably leads. , to productivity – looking more and more like something out of an Escher lithograph. Yet Mr. Jay is not, by default, pro-rally. A meeting is only justified, he wrote, if the consequences of not holding it are serious enough.

Tsedal Neeley, professor of business administration at Harvard Business School, blamed the glut of modern meetings on the assumption that the best way to communicate is verbally.

“All these meetings,” she said, “I bet you, I promise you: 50% of them can go away if people have the courage.

In selecting a communication format, Dr Neeley advised considering two criteria: First, should all parties be present at the same time in the same space to exchange information? Second, will the information be better understood through “lean media” (which is text-based) or “rich media” (which includes non-verbal context)?

Instant messaging apps, Dr Neeley said, are both “synchronous” (designed for simultaneous participation) and “lean” (mostly text-based), making them ideal for simple coordination. Whether held in person or via video chat, she said, meetings are synchronous and rich – and they’re ideal for tasks involving complex coordination and negotiation.

A meeting can be good, in short, but only if it has to be a meeting.

Consultative meetings should be restricted, said Dr Neeley – no more than six people, to reduce the risk of “social laziness”, which people attend but do not participate in the meeting.

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