October 2012

Medicare costs: Are electronic records the solution—or the problem?

Electronic billing has been promoted as a big cost savings for healthcare. But is it? The Center for Public Integrity has challenged the conventional wisdom, and the rest of us would do well to pay attention. For 20 months, CPI combed Medicare records and talked to providers, billing consultants, and others to document one big reason for the growth in Medicare spending over the last decade: Doctors and hospitals are sometimes “upcoding,” or charging Medicare for higher levels of services when they didn’t provide it, while hospital emergency departments too are grabbing billions in extra fees for their services.

A couple of startling findings: 1) “More than 7,500 physicians billed the two top-paying codes for three out of four office visits in 2008, a sharp rise from the numbers of doctors who did so at the start of the decade.” 2) “Use of the top two most expensive codes for emergency room care nationwide nearly doubled from 25 percent to 45 percent of all claims during the time period examined. In many cases these claims were not for treating patients with life-threatening injuries. Often they (patients) were treated for seemingly minor injuries and complaints.”

In response to the CPI investigation and the Times story, Attorney General Eric Holder and Health and Human Services Secretary Kathleen Sebelius sent a letter to five major hospital trade groups, warning about fraudulent use of electronic medical records to inflate Medicare bills. The move strikes me as slap-on-the-wrist response to a significant and costly problem, and it certainly bears follow-up from the media.

Justice Department Grants $2.4M to Local Police for IP Theft Crackdowns

The Department of Justice has granted more than $2.4 million to 13 local law enforcement agencies around the country to crack down on online piracy.

The funding was secured through the Prioritizing Resources and Organization for Intellectual Property Act, signed in 2008, to curb copyright infringement. Attorney General Eric Holder awarded the grants on Wednesday at a ceremony at Towson University in Maryland. "Without question, these new investments are coming at a critical time," Holder said in a prepared statement. "As our country continues to recover from once-in-a-generation economic challenges, the need to defend IP rights -- and to protect Americans from IP theft -- has never been more urgent."

T-Mobile USA and MetroPCS to Combine, Creating Value Leader in US Wireless Marketplace

Deutsche Telekom and MetroPCS have signed a definitive agreement to combine T-Mobile USA and MetroPCS.

This transaction will create the leading value carrier in the U.S. wireless marketplace, which will deliver an enhanced customer experience through a wider selection of affordable products and services, deeper network coverage and a clear-cut technology path to one common LTE network. The combined company, which will retain the T-Mobile name, will have the expanded scale, spectrum and financial resources to aggressively compete with the other national U.S. wireless carriers. Deutsche Telekom’s supervisory board and MetroPCS’ board of directors unanimously approved the transaction. The transaction is structured as a recapitalization, in which MetroPCS will declare a 1 for 2 reverse stock split, make a cash payment of $1.5 billion to its shareholders (approximately $4.09 per share prior to the reverse stock split) and acquire all of T-Mobile’s capital stock by issuing to Deutsche Telekom 74% of MetroPCS’ common stock on a pro forma basis. Deutsche Telekom has also agreed to roll its existing intercompany debt into new $15 billion senior unsecured notes of the combined company, provide the combined company with a $500 million unsecured revolving credit facility and provide a $5.5 billion backstop commitment for certain MetroPCS third-party financing transactions.

The combined company will be a stronger competitor and will be well-positioned to drive future growth. Based on analyst consensus estimates for 2012, the combined company is expected to have approximately 42.5 million subscribers, $24.8 billion of revenue, $6.3 billion of adjusted EBITDA, $4.2 billion of capital expenditures and $2.1 billion of free cash flow (defined as EBITDA less capital expenditures) in 2012. After closing, the company’s headquarters will be in Bellevue, Washington and it will retain a significant presence in Dallas, Texas. The combined company will have an 11-member board of directors, including a number of members appointed by Deutsche Telekom consistent with its equity ownership. The transaction is subject to MetroPCS shareholder approval, regulatory approvals and other customary closing conditions. The transaction is expected to close in the first half of 2013.

What T-Mobile gains from a MetroPCS merger: Surgical spectrum

Within hours of making their merger plans official, T-Mobile and MetroPCS started selling their grand plan to investors, customers, the media and the world. On a conference call with analysts and press, T-Mobile’s new CEO John Legere painted a picture of a new hyper-competitive carrier that would dominate the prepaid and budget mobile markets and offer the country’s most powerful 4G network in the biggest metro markets.

In short, the new carrier – which the companies are referring to as NewCo while waiting for regulatory approval – would be much greater than the sum of its parts, according to Legere, who would take over the helm of the new carrier. “When you add MetroPCS to an already aggressive challenger strategy, it acts as an accelerant,” he said. From a consumer’s perspective, there’s a lot to like in combined T-Mobile and MetroPCS assuming they can pull their complex transition plan off. Its 42 million subscribers would still leave it the No. 4 carrier in the U.S. rankings, but it will have closed considerable distance with No. 3 Sprint. What’s more, those two subscriber bases would match up almost perfectly, Legere said.

FCC Announces Winners of America's First "Mobility Fund" Auction

Federal Communications Commission Chairman Julius Genachowski announced the winners of America’s first ‘Mobility Fund’ auction.

This market-based policy innovation was part of the Commission’s once-in-a-generation reform of the Universal Service Program last year, which allocated $300 million in savings from cutting waste and inefficiency, to a new Mobility Fund aimed at closing gaps in mobile coverage across the U.S. The effort marks the first time in history the Commission has made universal mobile service an express universal service goal. As a result of the auction, new mobile infrastructure deployment will begin in 31 states with areas that currently lack access to 3G or 4G mobile service. In total, up to 83,000 new U.S. road miles on which millions of Americans live, work, or travel will gain access to advanced mobile networks that significantly enhance opportunities for jobs, education, healthcare and public safety. As part of the auction rules, winning companies must complete projects within three years. They must also make their networks available to other providers for roaming so that as many consumers as possible can benefit from the new networks.

Thirty-eight companies and subsidiaries participated in the auction, submitting nearly 900 bids. Winners ranged from larger national carriers like T-Mobile and U.S. Cellular to smaller carriers like Pine Belt Cellular, Inc. in Alabama, and VTel Wireless, Inc. in Vermont. The Commission expects millions more in private investment to complement the auction funding.

Econ 101: Competition lowers broadband costs

The cost of local access to the Internet is disproportionately higher than the cost of sending the same bits over long haul networks, but the price difference is far from random. A study of access prices on long haul and local transit found that the technology used and local competition were likely to determine how much higher the cost would be.

The study, by analyst firm TeleGeography isn’t really a surprise, but it’s a nice, thorough look at the difference in transmission costs for bits under the ocean as compared to transmission into a business park or corporate campus. TeleGeography focused on corporate connections back to a local point of presence, so it’s not the same as your Comcast or BT connection to the home, but many of the same conditions apply. The review of prices found that Ethernet is cheaper than a T-1 line and that Mumbai has the cheapest local access prices. It also noted the disproportionate costs of shorter local access compared to long haul. For example the report notes, “the average annual price of a 2 Mbps E-1 local loop within central London is $6,823 — nearly 30 percent more than that of a 5,500-kilometer E-1 circuit from New York to London.”

Fox News exposes itself

If you were tuned in to Fox News last night, you may now believe in a grand media conspiracy to cover up the “inflammatory” things that then-U.S. Sen. Barack Obama said about race relations in a June 2007 speech before a conference of black clergy at Hampton University in Virginia.

Sean Hannity, on his eponymous program, aired an “exclusive” broken by the Daily Caller exposing these most “outrageous” passages. That we somehow didn’t know about these passages, says Hannity, provides “further proof that the mainstream media has been in the pocket of Barack Obama since the day that he arrived at the national stage.” Now, in one of these “outrageous” passages ignored by the “left-wing press,” Obama noted how aggressively the federal government handled disaster relief in New York City following the Sept. 11, 2001, attacks and in Florida after Hurricane Andrew. Yet New Orleans, victim of Hurricane Katrina, didn’t get the same generosity from the feds. If you’re upset that you didn’t know about this particular talking point, you may heed Hannity’s call to blame the left-wing media. The speech, after all, wasn’t a secret, as Hannity points out in his broadcast. The Associated Press, local television stations and the Daily Press, Hannity notes, covered the event.

Dish Network slams FCC on slow wireless approval

Dish Network chairman Charlie Ergen said he was disappointed federal regulators were sitting on his company’s application to launch a wireless network, even as the agency approves other industry deals.

“The government does pick winners and losers,” Ergen said in a question and answer session after his keynote speech at the Wireless Infrastructure Show in Orlando. Ergen said he spent nearly $4 billion on 40 megahertz of spectrum four years ago to be used for a terrestrial high-speed Internet network to compete with major national carriers, but the application remains in regulatory limbo. “That is the riskiest part of my business. It’s what keeps me up at night,” Ergen said. Ergen said he had planned to build out a network from scratch, but as Verizon and AT&T widen their lead in snapping up 4G LTE wireless customers, Dish may have to partner with a wireless provider instead.

US airlines in no rush to allow in-flight cellphone use

In the skies over Europe, Asia and the Middle East, airline passengers can chat and text on cellphones without getting an angry look from a flight attendant. But US carriers are not rushing to jump on the bandwagon, even though aviation experts say new satellite-based technology makes airborne cellphone calls safe.

"It's not a priority of ours right now," said Mary Frances Fagan, a spokeswoman for American Airlines. The Federal Aviation Administration and the Federal Communications Commission prohibit cellphone calls on planes over U.S. airspace, but federal officials say they would listen to requests by airlines to lift the restrictions. But don't expect airline officials in the U.S. to press for such changes. They cite the extra cost and hassle to test, install and operate cellphone technology as one reason to keep cellphones off domestic flights. And airlines point out that passengers are not clamoring for the service, according to several surveys that say most air travelers expect that in-flight cellular service will lead to loud phone conversations and onboard fury.

A Big Data Road Map for Government

No entity produces, gathers and stores more data than the American government. So the challenges and opportunities of so-called Big Data loom large for the many agencies and departments of the United States government.

The Obama administration acknowledged that reality last spring when it announced a major research initiative in Big Data computing in government, with funding commitments that totaled $200 million. Research is one step, but to really harness the Big Data opportunity there needs to be a proliferation of useful projects across government. The goal, of course, is to find insights and make better decisions using data from traditional databases as well as from the fast-growing new sources of digital data, including the Web, biological and industrial sensors, video, e-mail and social network communications. A road map for rolling out Big Data projects in government is being released, “Demystifying Big Data: A Practical Guide to Transforming the Business of Government.” The report was produced by the TechAmerica Foundation, a nonprofit education organization, in consultation with technology experts in the White House, Internal Revenue Service, Centers for Medicare and Medicaid Services and other agencies.