Category Archives: Related News

New Law Opens Door for Stem Cell Therapy in Texas

image001The legal battle to get patients access to stem cell therapy in Texas is closer to reality, according to TWCNews.com latest news article.

Texas Governor Greg Abbott signed such legislation into law this week, and it means some patients will be heading into uncharted medical territory.

After Sept. 1, patients with terminal illnesses or severe chronic diseases will be allowed to access experimental stem cell treatments in Texas.

Currently, most patients who want stem cell therapy have to travel outside the United States to do it, and stem cell re-injections are only allowed here within a 24-hour window.

“This is going to protect patient health, and provide for the treatments to be done here locally at home,” said Mike Byrom, the Chief Science Officer at Austin stem cell bank BioEden​.

Byrom said the new law will keep patients in the country, and will provide renewed hope for those with serious ailments.

Scott Wolf, CEO and Director of Research of Grace Century commented: ”The recognition of Stem Cells treating aliments, and acceptance in Texas is cracking the flood gates open. Get the Insurance companies on board and it lights out!“

Read the rest of the article here.

Stem Cell Therapy is One Step Closer to Becoming Law in Texas

Screen Shot 2017-05-24 at 11.22.00 AMStem cell therapy is one step closer to becoming law in Texas, the latest state to push for passage of a patients’ “Right to Try” legislation. House Bill (HB) 810 is one of three proactive stem cell bills being considered in the Texas Legislature that would make it easier for those suffering with incurable illnesses to have access to stem cell treatments. The bill, which passed the Texas House unanimously, now heads over to the Senate.

Scott Wolf, CEO and Director of Research for Grace Century comments: “This kind of legislation, hopefully will be controlled, but moves the goal post closer for the industry. Personally, I am waiting for Insurance companies to agree to pay for storage of young healthy cells: to me that’s a no brainer for improving health down the road, while saving tons of cash.”

Read the rest of the article on WAFB

Department of Veterans Affairs to seek commercial EHR system

Proud saluting male army soldier on american flag background (Memorial day, Veteran's day, 4th of july, Independence day)According to a recent report on Health Care IT News, The US Department of Veteran Affairs will shift to a commercial electronic health records (EHR) systems, moving away from the VistA system that it had previously developed in-house.

VistA had been developed to initially to serve both the VA and the U.S. Department of Defense, however last year it was confirmed that each organisation would develop their own system. The VA has, since that point, struggled to develop a system adequate for their needs, thus the focus towards 3rd party commercially-available solutions.

VA Secretary David Shulkin, MD, said “I’ve come to the conclusion that VA building its own software products and doing its own software development inside is not a good way to pursue this. We need to move toward commercially-tested products.

This is potentially good news for Grace Century’s EHR project partner The Quantum Group. Quantum CEO Noel Guillama said “The industry about to make a huge leap. We are ready to jump in- we can compete, not for this but for doctors and MSO/ACO looking for real solutions”

Read the full story on Health Care IT News by clicking here.

Subscribing to Cloud Computing

3D illustration. Image background concept of cloud computing.

A recent article on ZD Net takes a look at cloud computing / technology and how it the business models to generate revenue from related products have evolved over the years.

Our electronic medical records partner The Quantum Group Inc, have developed an innovative cloud- based system known PWeR, which a shortened version of Personal Wellness Record. Quantum currently employs a subscription model, which interestingly is how most the companies who use cloud technology in other industries – Amazon being a prime example – are structuring their business models.

Scott Wolf, President and Director of Research for Grace Century, commented “this is an interesting article on the subject of cloud technology, and from our perspective is it notable that Quantum have taken a commercial path which is similar to that of cutting-edge industry giants in other technology-based market sectors. The difference between the healthcare sector and other market sectors is that the use of cloud computing and related technology is very much behind in the healthcare sector, and Quantum are one of the very few companies in this sector who have embraced such technology at a best-practice level.”

Read the full article on ZD Net by clicking here.

Where is the money flowing? Into regenerative medicine

April 19th News Story ImageA recent report from Goldman Sachs, featured in an article on News Max Finance strongly indicates that regenerative medicine is continuing to be a an attractive option for investment.

The GS report is entitled “The Coming Age of Regenerative Medicine”, and to quote from it “venture capital in companies pursuing regenerative medicine increased from $296 million in 2011 to $807 million in 2016, growing roughly 34% year-over-year.”

The report also states that 80 regenerative-medicine companies have gained investment with the last 3 years, representING approximately 50% of the top VC deals in 2015 and 2016.

Grace Century President and Director of Research Scott Wolf said “This continues to show that our research was right 6 years ago. Regenerative medicine is the new Gold Rush.”

Read the full article on News Max Finance here

Variable cost of MRI has big impact for American healthcare consumers

Doctor fees

A recent article in Business Insider looks at what Americans are currently paying for their healthcare – and the conclusion is that the average American is paying than ever before.

According to the article, more than 50% of American workers pay up to $1,000 up front for their healthcare plans – and this cost runs into several thousand dollars when it comes to specialist services such as getting an X-ray or MRI.

In addition, these costs can escalate significantly if the procedure takes place in a hospital compared to an imaging centre – the research upon which the report is based, which surveyed over 14,000 locations, states that hospital MRI rates were significantly dearer than a stand-alone imaging center.

Scott Wolf, President and Director of Research for Grace Century said “Costs depending on where you go is the whole logic behind our portfolio projects idea for Medxiall. The Business Insider article explains this clearly”

Read the full article here.

Could 2017 be the Year Of Telemedicine? Opinion From Alice LaPlante

Pulse Trace on Smart Phone and Stethoscope

A recent opinion article from Alice LaPlante of CenturyLink, where she speaks about the bright future of telemedicine, has recently been published on forbes.com

The article looks at the current state of telemedicine and opines on the many and wide benefits it can offer across the board, from large healthcare organisations through to small family GP practices – and most importantly, patients.

The key talking points of the article are:

  • The Current State of Telemedicine
  • The Benefits of Telemedicine
  • What Doctors Need to Make Telemedicine Work

This is an excellent and insightful article, please read it in full here

 

Space – the perfect environment for culturing stem cells

Stem Cells article march 2017Transporting stem cell cultivation to the earth’s orbit could play a key role in the faster rate of growth of stem cells for clinical use, according to a recent article in the International Business Times

Preliminary research has shown that the microgravity environment of the International Space Station actively increases the growth rate of stem cell, and researchers have now confirmed that human stem cell are being cultivated on the ISS for trials back on earth.

The trial are specifically researching  mesenchymal stem cells (found in the bone marrow), hematopoietic stem cells (which can grow into all other blood cells) and leukemia cancer stem cells (responsible for leukemia, or cancer of blood-forming tissues).

Abba Zubair, a researcher at the Mayo Clinic in Jacksonville, Florida who is directly involved in the research said “What is unique about this investigation is that we are not only looking at the biology of the cells and how they grow, but focusing on application, how we can use them to treat patients”.

In a statement, NASA said that the long term goals of the research were to develop a safe and reliable clinical grade stem cell bioreactor in space for commercial use and to understand the biology of stem cells and the progression of cancer stem cells.

Scott Wolf, Director of Research for Grace century commented ”It’s only a matter of time before stem cells are regularly cultivated in this manner, given their massive potential for effective clinical treatment of many diseases”

Read the full article here.

Dubai Health Authority to roll out Salama in 2017

Patient medical record browse on tablet in someone hand on white background.

Dubai Health Authority (DHA) has announced that Salama, its electronic medical record (EMR) system, will be rolled out in three phases this year, according to a recent article in Computer Weekly.

11,000 DHA staff will be trained to use Salama in 2017, which already contains 1.4 million patient records and has experienced 112 million transactions. The three phases will be rolled out in April, August and November of this year respectively

Amani Al Jassmi, director of information technology at the DHA, said “Salama marks the transformation of our medical services as it re-engineers the entire process, unifying 25 applications through a single interface. The records system will bring together information about radiology, laboratory, dental, dietetics and so on under one single system.”

Scott Wolf, President and Director of Research for Grace Century, commented, “As always, Dubai continues to lead the world in healthcare reform, by giving patients more control over their own health. Like our Portfolio project, the Quantum Group (and it’s platform PWeR™), patient portals are key by empowering people over their own records.”

Read the full story on Computer Weekly here

 

BBC Journalist Hails the Benefits of Stem Cell Treatment – From Her Own Personal Experience!

BBC_News.svgBBC journalist Caroline Wyatt has gone public about how stem cell therapy helped lift the “brain fog” she has been experiencing as a result of suffering from Multiple Sclerosis.

Caroline had originally been denied a place on a UK National Health service  (NHS) trial – however she was determined to ensure that she was treated with stem cell therapy and paid $60,000 for a stem cell transplant in a private hospital in Puebla, Mexico in January.

After the treatment Caroline said she was “feeling better than I have done in a long time”.

She said she had been inspired by “people who had been in wheelchairs, or people who had been struggling to walk or to think or to speak clearly had come back after the treatment and, if you were a lay person, you’d say they looked cured, if you were a medic, you’d probably say they were in remission.”

Having had the treatment 3 weeks ago, Caroline said that the best thing that had happened was the lifting of the “brain fog” that she had experienced.

Grace Century President and Director of Research Scott Wolf said “Yet another positive, real-life example of the benefits of stem cell therapy – from no less a source than the BBC – highlights just how pioneering and exciting the future of stem cell therapy could be.”

Read the full article on the BBC website here.