From the Philadelphia Business Journal

EXCLUSIVE: Senate health bill's Medicaid cuts puts pressure on local health systems
Tuesday June 27th, 2017 06:58:24 PM Alison Burdo
In the next decade, nearly 15 million people could lose Medicaid coverage if the Senate's health care bill gets passed — causing worries for those currently insured under the program and for industry leaders from around Greater Philadelphia who say the proposed Senate legislation would cause a ripple effect on the city and state's economy for years to come."We still have this big decision out there: is health care a right or is health care a privilege?" asked Beth Duffy, COO of Einstein Medical…
Merck says it is the target of a global ransomware cyber attack
Tuesday June 27th, 2017 06:30:22 PM John George
Merck & Co. Inc. on Tuesday became the latest company targeted by a global cyber attack that began earlier this week.The pharmaceutical company on Twitter stated:“We confirm our company’s computer network was compromised today as part of global hack. Other organizations have also been affected. We are investigating the matter and will provide additional information as we learn more.”The action against Merck, which has operations around the world, is believed to be part of the "Petya"…
Spark Therapeutics CEO talks drug pricing, gene therapy & his Philadelphia roots
Tuesday June 27th, 2017 06:23:07 PM Jeff Blumenthal
"We generally pay for more diagnostic tests, procedures, visits and prescriptions. And I think [patients] should be paying for better outcomes and not for more health care.”
IBC to place tighter limits on opioid prescriptions
Tuesday June 27th, 2017 05:39:21 PM John George
Independence Blue Cross, the region's largest health insurer, said it plans to place more restrictive limits on new opioid prescriptions starting next month.Beginning in July, the Philadelphia company said it will restrict the quantity of opioids a physician can prescribe no more than five days' worth for initial low dose opioids."This safeguard prevents multiple opioid prescriptions from being filled at different pharmacies and reduces the risk for addiction while addressing legitimate pain…
South Jersey health system names new CEO
Tuesday June 27th, 2017 04:51:04 PM John George
'The time has come for me to pass the baton to the next generation of leaders.'
Brandywine Realty Trust making $5.6M investment in West Philadelphia
Tuesday June 27th, 2017 04:50:51 PM Dell Poncet
An ambitious, innovative $3.5 billion mixed-use project, called Schuylkill Yards, will get an injection of $5.6 million toward job creation and community engagement, developer Brandywine Realty Trust announced today.Brandywine’s Neighborhood Engagement Initiative, the company announced, is designed to support local and minority businesses; employ local workers; provide job training and workforce advancement; preserve and add to the housing stock for all income levels; and encourage community…
American Airlines: 'We aren’t particularly excited about Qatar’s outreach'
Tuesday June 27th, 2017 04:40:02 PM Bill Hethcock
Qatar Airways’ attempt to become one of the four biggest owners of Fort Worth-based American Airlines could help the Gulf carrier hit aggressive expansion targets. But it won’t come cheap.Having an equity stake in American (Nasdaq:AAL) could also help Qatar Airways gain greater insights on the U.S. aviation industry and their bilateral air services agreements with the rest of the world, an airline analyst told the Dallas Business Journal.Qatar Airways Ltd. is seeking to buy about 10 percent…
If Comcast & Charter strike deal with Sprint, what's next for T-Mobile?
Tuesday June 27th, 2017 04:37:43 PM Elise Reuter
Sprint Corp. reportedly agreed to exclusive talks with Charter Communications Inc. and Comcast Corp., according to an anonymously sourced report by the Wall Street Journal. A Sprint (NYSE: S) spokesman stated Friday night the Overland Park-based carrier was "not commenting one way or the other" on discussions.In May, Philadelphia-based Comcast (Nasdaq: CMCSA) and Stanford, Conn.-based Charter (Nasdaq: CHTR) agreed to cooperate with their respective wireless businesses, with an interesting caveat:…
Wells Fargo sells commercial insurance unit to USI
Tuesday June 27th, 2017 03:05:16 PM Jeff Blumenthal
As part of an ongoing restructuring effort, Wells Fargo & Co., the Philadelphia region’s largest deposit taker, has agreed to sell its commercial insurance unit to privately held USI Insurance Services.Terms of the deal, set to close in the fourth quarter, were not disclosed. Wells Fargo Insurance Services USA (WFIS) includes insurance brokerage and consulting, employee benefits and property-and-casualty national practices, along with Safehold Special Risk, small business insurance, student insurance,…
How to deal with narcissists, egotists & other overconfident people
Tuesday June 27th, 2017 02:53:20 PM Karen Friedman
I once had a colleague in the news business who my father called a three-dollar bill. He said that because he thought she was phony. Her eye contact and body language never matched her words. It was as if the corners of her mouth turned up and down on cue.She was so impressed with herself, that she thought she was down to earth. When I first launched my business, I sent announcement notices out to everyone I knew. Months later, I happened to run into her and she said: “I got your announcement,…





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Area Business News From The Posts

New Florist Shop Owners Search For Artisans

lower pottsgrove township: New Sanatoga Florist Searches For Artisans

Flowers By Colleen will occupy a building now being renovated at 2296 E. High St., Sanatoga

20160115-ColleenRodgers-FlowersByColleen

Colleen Rodgers

SANATOGA PA – The owners of Flowers By Colleen, a new Sanatoga florist shop now under renovation at 2296 E. High St., are looking for selected local artisans interested in selling their made-in-the-U.S. works on consignment as part of the retailer’s gift offerings, they recently announced on their Facebook page.

Owners Colleen and Richard Rodgers of Pottstown expect the shop to open when work on the building is complete, but the company is already conducting business from a virtual store online. To discuss prospective consignments or floral needs, contact Colleen by e-mail, here.

At the Sanatoga location, their business sign has been erected, new doors and windows are installed, and the exterior has been painted in an eye-catching blue and yellow theme. Parking for vehicles driven by the disabled also has been added. Necessary plumbing, signage and electrical permits for some of the work were issued by Lower Pottsgrove late last year.

Colleen Rodgers has worked in floral design for more than 30 years, and for 14 years has been a special events designer for globally-known Longwood Gardens in Kennett Square PA. Flowers By Colleen will specialize in offering clients one-of-a-kind floral pieces and other merchandise for weddings, celebrations, corporate and business activities and seasonal events, according to its website.

Top photos by The Post; Colleen Rodgers’ portrait from Facebook

Virtual Campus Earns National Recognition

Virtual Campus Earns National Recognition

BLUE BELL PA – Montgomery County Community College’s Virtual Campus has received national attention after earning its first “Learning! 100” award from Elearning! magazine late last year.

The award recognizes innovative learning programs in public and private sectors across the country. The college ranked 24th in the public sector category and was specifically recognized for the comprehensive process through which faculty members design and refresh online courses.

“The refresh process is one of checks and balances. Faculty evaluate their courses to ensure they are meeting their intended goals, while providing the appropriate level of work for their students,” according to virtual campus Director Kelly Trahan. About 95 percent of more than 300 virtual campus courses now offered have been refreshed, she added.

During the Fall 2015 semester, 3,654 students were enrolled in online and hybrid courses through the Virtual Campus; an increase of almost 6 percent over the previous year. Courses are offered in flexible seven-, 10- and 15-week sessions, as well as a 21-day winter session.

Composite image from Montgomery County Community College

Ambler Savings Taps Dean For Business Lending

Commercial Lending VP John H. Dean, and the Limerick branch of Ambler Savings

Commercial Lending VP John H. Dean, and the Limerick branch of Ambler Savings

LIMERICK PA – John H. Dean has been named by Ambler Savings Bank, which operates a branch office at 438 W. Ridge Pike, as its vice president of commercial lending, the company announced Thursday (Dec. 3, 2015). He will be responsible for expanding its small business relationships, and grow the bank’s Small Business Administration lending program.

Dean arrives at Ambler with more than 30 years of experience at several financial institutions, ranging from larger regional banks to local community banks in the greater Philadelphia area, the bank said. During his banking career, Dean has been responsible for business development, credit underwriting, loan presentation, loan settlements, and maintenance of a commercial loan portfolio.

Outside of the bank, Dean is a volunteer with the Boy Scouts of America – Cradle of Liberty Council. He is an advisory board member and finance chairman of the Sisters of St. Joseph Welcome Center, and a member of the Board of Observers and Alumni at Muhlenberg College.

Photos from Ambler Savings Bank and Google Maps