Tag Archives: study

Significant Cost Reduction in COPD Care With Simple, Drug-free Device

Aerobika® OPEP device proves to be a cost-effective treatment option in the management of post-exacerbation COPD patients.

Plattsburgh, NY, USA — The Aerobika® Oscillating Positive Expiratory Pressure (OPEP) device (Monaghan Medical Corporation) is a cost-effective treatment option in the management of COPD exacerbations, according to a study published October 20th in the International Journal of COPD.[1] This study, which used data from the published literature and national fee schedules to model the cost-effectiveness of the Aerobika® OPEP device, shows that it provides both clinical benefit and direct medical cost savings in a post-exacerbation care COPD population.

COPD is a major (and growing) source of morbidity, mortality and healthcare utilization, with hospitalization for acute exacerbations being the biggest cost driver.[2] Once a patient experiences an exacerbation, the risk of further exacerbation is increased two- to four-fold[3], and many patients experience two or three exacerbations every year.[4] As many as one in five patients discharged from hospital following an exacerbation are re-admitted within 30 days.[5]

The economic burden on the healthcare system associated with COPD is significant; in the US alone, the cost of COPD in 2010 was estimated to be US $50 billion; $30 billion in direct healthcare expenditure, with the remainder accounted for by indirect costs such as productivity losses and costs to families.[6] Approximately half of the direct costs could be accounted for by hospital care for COPD exacerbations,[6] which supports the GOLD guideline treatment goals of minimizing the negative impact of exacerbations and preventing recurrences.[2] Healthcare systems in many countries acknowledge the problem, and policies are now being put in place to try to address it; the US Medicare Hospital Readmission Reduction Program penalizes hospitals for excess 30-day, all-cause readmissions after a hospitalization for an acute exacerbation of COPD.[7]

The Aerobika® OPEP device is a drug-free, handheld mechanical oscillating positive expiratory pressure (OPEP) device that has been designed to address the structural and functional challenges in the airways of patients with COPD. When the patient exhales through the device, it helps to expand the airways, loosen and expel mucus from the lungs and may also enhance drug deposition. It has been shown to improve lung function, exercise capacity and quality of life in COPD patients,[8] and a recent real-word study showed that the device reduced exacerbation rates in patients during the critical 30-day post-exacerbation period.[9] Using data from the latter study to provide real-world input, the authors of this current analysis showed cost savings ($553 per patient) and improved outcomes (equivalent to 6 fewer exacerbations per 100 patients per year) with the Aerobika® OPEP device compared with no OPEP/PEP use, and concluded that the device provides cost-effective treatment for post-exacerbation COPD patients.

The authors also used various scenarios to investigate the likelihood of the benefit continuing over a full year, and predicted further clinical and cost benefits (21 exacerbations per 100 patients per year; cost savings of $1,952 per patient). Author Dominic Coppolo, MBA, RRT, FAARC, Vice President Clinical Strategy and Development noted, “Our model provides evidence of clinical and cost benefits of the Aerobika® OPEP device in that critical 30-day period following an exacerbation. Given the high burden of COPD – in particular, costs relating to exacerbations – in the US population, we would expect that even a small benefit would have a significant impact on the healthcare system”. He went on to say that, although further studies would be needed to validate the long-term effectiveness, these data also give a good indication that the benefits will be sustained with long-term use.

“With the increasing pressure to improve care and reduce hospital admissions, the previously-published real-world study showing exacerbation reductions in the critical 30-day post exacerbation period gave us useful insights into the benefits of integrating the Aerobika® OPEP device into standard clinical practice”, noted Dr Jason Suggett (Group Director of Global Science and Technology, TMI). “This new analysis now gives us clear evidence that such clinical benefits would be translated into cost-effectiveness in this post-exacerbation population. In addition, new data presented at CHEST 2017 demonstrating that the generation of the proprietary pressure/oscillation pattern of the Aerobika* device efficiently generates oscillations throughout a high percentage of each exhaled breath, and with consistently high pressure amplitudes. The Aerobika* device demonstrated efficient and effective performance related to therapeutic effectiveness nearly twice that of other devices tested.”[10]

About Monaghan Medical Corporation (MMC, USA)
MMC offers leading aerosol drug delivery devices and respiratory management products including AeroEclipse® II BAN, AeroChamber Plus® aVHC and the Aerobika® device (http://www.monaghanmed.com/aerobika) exclusively in the United States. MMC’s strength lies in product development around core capabilities in mechanical design complimented by collaboration with a state-of-the-art aerosol research laboratory. MMC focuses on developing cost-efficient, outcome-based solutions for its customers.

About the Aerobika® device
The Aerobika® OPEP device (http://www.monaghanmed.com/Aerobika-OPEP) is a hand-held, robust, easy-to-use, drug-free oscillating positive expiratory pressure (OPEP) device designed to help expel mucus from the lungs, expand airways and enhance drug deposition. When the patient exhales through the device, intermittent resistance creates a unique pressure-oscillation dynamic, which expands the airways, helps expel the mucus to the upper airways where it can be coughed out. The Aerobika® OPEP device is designed to function independent of angle of use or flow rate, and allows for a direct aerosol pathway for patients using a nebulizer for medication delivery. The Aerobika® OPEP device has been shown to significantly improve forced vital capacity (FVC), 6-min walk distance (6MWD), and St. George’s Respiratory Questionnaire (SGRQ) score in COPD patients.[8] The Aerobika® OPEP device is available in the US via Monaghan Medical Corporation (http://www.monaghanmed.com), and in Canada, Mexico, and select European countries including the UK and Germany through Trudell Medical International (http://www.trudellmed.com).

About the study
A one-year Markov model was used to estimate the cost-effectiveness of the Aerobika® OPEP device in patients who had experienced an exacerbation in the previous month, or a post-exacerbation care population, with input data from the published literature and national fee schedules. Using a base-case assumption that the benefit of the Aerobika® OPEP device would last 30 days, cost-savings ($553 per patient) and improved outcomes (ie, 6 fewer exacerbations per 100 patients per year) were demonstrated when compared with no OPEP/positive expiratory pressure use. Assuming a scenario with effect beyond the conservative 30 day time frame, the Aerobika® OPEP device continued to show benefit (21 exacerbations per 100 patients per year; cost savings of $1,952 per patient). One-way sensitivity analyses were conducted for all input variables, increasing or decreasing the effect by 20%, to determine the impact of change on costs and health effects; the results supported the robustness of the base-case conclusions.

For clinical inquiries, please contact:
Dominic P. Coppolo, MBA, RRT, FAARC
Vice President Clinical Strategy and Development
Monaghan Medical Corporation
1-800-343-9071

Words or phrases accompanied by ® are trademarks and registered trademarks of Monaghan Medical Corporation or an affiliate of Monaghan Medical Corporation. © 2017 Monaghan Medical Corporation.

1. Khoudigian S, Kowal S, Suggett J, D. C. Cost-effectiveness of the Aerobika* oscillating positive expiratory pressure device in the management of COPD exacerbations. International journal of chronic obstructive pulmonary disease. 2017;In Press.
2. Global strategy for the diagnosis, management and prevention of COPD, Global Initiative for Chronic Obstructive Lung Disease (GOLD) 2017.
3. Khakban A, Sin DD, FitzGerald JM, et al. The Projected Epidemic of Chronic Obstructive Pulmonary Disease Hospitalizations over the Next 15 Years. A Population-based Perspective. Am J Respir Crit Care Med. 2017;195(3):287-291.
4. Puhan MA, Chandra D, Mosenifar Z, et al. The minimal important difference of exercise tests in severe COPD. Eur Respir J. 2011;37(4):784-790.
5. Guerrero M, Crisafulli E, Liapikou A, et al. Readmission for Acute Exacerbation within 30 Days of Discharge Is Associated with a Subsequent Progressive Increase in Mortality Risk in COPD Patients: A Long-Term Observational Study. PLoS One. 2016;11(3):e0150737.
6. Guarascio AJ, Ray SM, Finch CK, Self TH. The clinical and economic burden of chronic obstructive pulmonary disease in the USA. Clinicoecon Outcomes Res. 2013;5:235-245.
7. Shah T, Press VG, Huisingh-Scheetz M, White SR. COPD Readmissions: Addressing COPD in the Era of Value-based Health Care. Chest. 2016;150(4):916-926.
8. Svenningsen S, Paulin GA, Sheikh K, et al. Oscillatory Positive Expiratory Pressure in Chronic Obstructive Pulmonary Disease. COPD. 2016;13(1):66-74.
9. Burudpakdee C, Seetasith A, Dunne P, et al. A real-world study of 30-day exacerbation outcomes in chronic obstructive pulmonary disease (COPD) patient managed with Aerobika OPEP. Pulmonary Therapeutics. 2017.
10. Meyer A and Suggett J. A Laboratory Assessment into the Efficiency and Effectiveness of Different Oscillating Positive Expiratory Pressure Devices by Means of Patient Simulated Expiratory Waveforms. Presented at CHEST 2017.

Learning A Language Abroad

Languages are getting more and more important, especially in our fantastic world of economics and tourism. The best way to learn a language is to learn it there, where the language is spoken.

StudyLingua International Linguistics is a Swiss based company with a large number of language schools all over the world. StudyLingua offers more than 200 schools in 30 countries worldwide. Beside english for foreigner, the company offers spanish, italian, portuguese and french schools.

Furthermore they have language schools in China, Japan, Russia and Germany in their program. Every school is different and offers a various number of different language courses. So it is important to collect the right information first, before booking a language school abroad. Those language courses for adults can be booked from 2 to 12 weeks, long term courses up to 52 weeks. Adults can choose between standard / intensive courses, exam preparation or business courses.

StudyLingua offers a free counseling service, so everybody can easily get all the needed information directly from the company. New at StudyLingua’s program is a language course at teachers home; especially for professionals or for those who expect an intensive and high quality language course. There are teachers available all over the world for almost every language. The quality of leaving is quite high and StudyLingua is able to consider the most of students requests.

Language courses at teachers home is designed and built up on individual needs. Get more specific information about this program by contacting StudyLingua directly. Also juniors are very welcome: StudyLingua offers a large range of junior courses for 12 to 16 years during summer holidays. Together with a language course in the morning hours, the juniors will get a great activity and adventure program in the afternoon. So they could choose between several excursions, beach volleyball, soccer or water sports for example. All juniors / minors are supervised by well educated teachers, 24 hours a day! Juniors usually stay in a campus residence accommodation, some junior programs also offer accommodation in host families. StudyLingua is able to create specific programs for all needs and requests, so feel free to contact StudyLingua at any time.

Get more information about StudyLingua International Linguistics by visiting our websites:
www.studylingua-sprachaufenthalte.ch
http://www.studylingua.de

Contact Details: StudyLingua AG
Multergasse 21
9000 St. Gallen
Switzerland
T: +41 71 260 14 20
F: +41 71 260 14 21
M: info@studylingua.ch

 

Market Rates Insight Offers Lifestyle Financial Services Study to Independent Community Bankers of America® Members

First-ever Study Revealing Services Consumers Want from Banks Now Available to ICBA Members with Exclusive 10% Discount.

SAN ANSELMO, Calif. (August 26, 2012) — Market Rates Insight, Inc. (MRI, http://www.marketratesinsight.com), a leader in pricing intelligence for deposits, personal loans, mortgages, and fees, recently conducted the first nationwide consumer study to understand consumer attitudes about fees paid for banking services. The study has uncovered a new category of “lifestyle financial services” that consumers are willing to pay for, and is now available at a 10% discount to community banks through an exclusive relationship with the Independent Community Bankers of America (ICBA)®.

The study from Market Rates Insight reveals new ways community banks can compete more effectively and promote greater customer loyalty by offering services that consumers want and are willing to pay for. The Lifestyle Financial Services study reveals that customers will pay, on average, $3.63 per month each of the seven services that deliver convenience, efficiency, mobility, and protection. For example, 63.4% of those surveyed indicated they would spend up to $2.37 per month for mobile remote deposit capture services, and 73.7% said they would pay $3.39 per month for credit score reporting.

“Income from service fees on deposit accounts declined 13% between 2007 and 2012, so now more than ever, community and regional institutions need to develop new ways to attract and keep customers,” said Dr. Dan Geller, Executive Vice President of Market Rates Insight and the architect of the study. “Our emerging Lifestyle Financial Services study reveals that consumers want services, such as mobile deposits and personal money transfer from their financial institution. By working directly with ICBA, we can help community banks identify new sources of fee income as well as help promote customer loyalty.”

ICBA members now can buy the Lifestyle Financial Services study at a special ICBA rate. They study is available in various forms:

– The complete study, including consumer research, likelihood of use, perceived value and competitive analyses for the top five U.S. banks, at a discounted price of $4,455.
– The consumer research on all seven categories of Lifestyle Financial Services, including an analytic overview, at a discounted price of $3,105.
– The consumer research for one specific type of services, such as credit score reporting, identity theft services, personalized couponing, prepaid loadable cards, overdraft transfer services, person-to-person payments, and mobile remote deposit capture, for $895 each.

Each study report features consumer research on preferences and perceived value, as well as demographic segmentation.

For more information, contact Market Rates Insight at info@marketratesinsight.com.

About Market Rates Insight
For more than two decades, Market Rates Insight (MRI) has been helping clients price with precision by providing banks, thrifts, credit unions, and other financial institutions with comprehensive market intelligence on deposits, loans, and fees. MRI uses deposit surveys, mortgage and consumer loan surveys, fees and features studies, new product alerts, benchmarking and market share analysis to give subscribers the intelligence needed to strategically position products, optimize pricing and react to emerging trends. MRI’s products include web-enabled, customizable report programming, proprietary product research tools, searchable databases, market alerts, and online dashboards that aggregate key client data to provide real-time interactive views on how they rank against their specific competitors.

Market Rates Insight is located in San Anselmo, California. For more information, see http://www.marketratesinsight.com

Photos available upon request

For additional information contact:
Tom Woolf
Market Rates Insight
(415) 259-5638
tom.woolf@marketratesinsight.com

Market Rates Insight’s New Integrated Study on Service Fees Reveals Lifestyle Financial Services Will Pay Off for Financial Institutions

First Ever Consumer Service Fee Study Shows High Desire for and Willingness to Pay More to Banks and Credit Unions for Convenience Services That Deliver Concrete Value.

SAN ANSELMO, Calif. (May 22, 2012) — The results of the first Integrated Study on Service Fees designed to gauge consumer acceptance of fee-based services from banks and credit unions reveal that consumers are willing to pay more for “lifestyle financial services.” Market Rates Insight, Inc. (MRI, http://www.marketratesinsight.com), a leader in pricing intelligence for deposits, personal loans, mortgages, and fees, conducted this nationwide consumer study to give banks and credit unions empirical data to help them reduce the risks associated with consumer backlash from service fees, and identify new sources of revenue from value-based services that consumers want.

The study is expected to prove valuable for banks and credit unions, giving them insight to compete effectively with larger institutions offering lifestyle financial services. Those new services have a higher perceived value and promote greater consumer loyalty such as credit score monitoring, identity theft alerts, mobile banking services, personalized couponing services, person-to-person payments, and other services. The study includes an in-depth analysis of consumer preferences and perceived value for such services, as well as a competitive overview of these same services from the top five U.S. banks. The findings are based on a national sample of 1,500 consumers and are broken down by demographic data such as age, gender, income, and other criteria.

Consumers indicated they are willing to pay on average $3.63 for lifestyle financial services that deliver convenience and efficiency, and credit union members indicated a higher likelihood to use such services (68.7%) than bank customers (66.3%). Foremost among the services that consumers indicated they would seek from financial institution is Identity Theft Alerts. More than 82 percent of those surveyed indicated they would be likely to buy Identity Theft Alert services from their bank or credit union at an average monthly fee of $4.07. Ranking second was Credit Score Reporting, with more than 73 percent indicating they were likely to buy this service at an average fee of $3.39 per month.

“Financial institutions continue to see revenue from fees for traditional banking services shrinking. In fact, income from service fees on deposit accounts declined 13 percent between 2007 and 2012,” said Dr. Dan Geller, Executive Vice President of Market Rates Insight and the architect of the study. “With continued low interest rates, banks and credit unions need to develop new revenue models based on fees consumers are willing to pay for. Our new study reveals the importance of this new class of lifestyle financial services; those services that consumers want, and that will soon uses as a criteria to determine whom they will trust with their money.”

Traditionally, financial institutions have based their decisions about setting service fees on the competitive landscape for similar services. However, consumers have demonstrated they are no longer interested in paying fees for services that have no perceived value. The new Integrated Study on Service Fees points toward a new approach by assessing consumers’ preferences on price sensitivity with the competitive landscape reveal what consumers want, what they are willing to pay, and where the market opportunities lie. The first-of-its-kind consumer survey helps financial executives reduce risk from making poor fee decisions, and increases the probability of generating incremental income from new services.

The Integrated Study on Service Fees is available as a comprehensive report assessing all seven lifestyle financial services. Individual reports also are available for credit score services, identify theft protection, personalized couponing, prepaid reloadable cards, overdraft protection, personal money transfer, and mobile remote deposit capture. Each study features consumer research on preferences and perceived value, as well as demographic segmentation.

For more information, contact Market Rates Insight at info@marketratesinsight.com.

About Market Rates Insight
For more than two decades, Market Rates Insight (MRI) has been helping clients price with precision by providing banks, thrifts, credit unions, and other financial institutions with comprehensive market intelligence on deposits, loans, and fees. MRI uses deposit surveys, mortgage and consumer loan surveys, fees and features studies, new product alerts, benchmarking and market share analysis to give subscribers the intelligence needed to strategically position products, optimize pricing and react to emerging trends. MRI’s products include web-enabled, customizable report programming, proprietary product research tools, searchable databases, market alerts, and online dashboards that aggregate key client data to provide real-time interactive views on how they rank against their specific competitors.

Market Rates Insight is located in San Anselmo, California. For more information, see http://www.marketratesinsight.com.

Photos available upon request

For additional information contact:
Tom Woolf
Market Rates Insight
(415) 259-5638
tom.woolf@marketratesinsight.com