American Specialty Health to move corporate headquarters to Indiana The $240 million American Specialty Health, which began in the garage of founder and chair CEO George DeVries as a managed chiropractic network, has announced that it is moving its corporate
American Specialty Health to move corporate headquarters to Indiana
The $240-million American Specialty Health, which began in the garage of founder and chair CEO George DeVries as a managed chiropractic network, has announced that it is moving its corporate headquarters from San Diego to Indiana. Favorable tax laws and proximity to its national market figure high among the reasons for the translocation. The firm, which presently employs over 1000 people, will continue to have a San Diego office. The day before the announcement, the firm sent a release that Inc. 5000 Names American Specialty Health Among America’s Fastest-Growing Private Companies for Fifth Consecutive Year. The firm’s revenue grew from
$158-million in 2009 to $218-million in 2012. From the release on the move, revenue appears to jump to upwards of $240-million in 2013.
Comment: ASH is the house that covered chiropractic in California built. It would be nice if DeVries would wake up one morning and decide that it’s time to give back. However, it was never about values or the movement for this CEO. When DeVries recognized a legal loop-hole 15 years ago to effectively sequester for his company roughly $7-million that a court of justice (versus a court of law) would have had him redistribute to chiropractors in his state, he took the money to fuel ASH’s national expansion. The move to Indiana evidences the same, unsentimental, all-business perspective. Perhaps one day, DeVries will convene the right group of people to get things right with his karma and figure best use for investing $7-million, for cause, rather than for aggrandizement.
Former Alliance for Natural Health chair Sherri Tenpenny, DO in critical position at work with Fortune 250 firm Parker-Hannifin
What if a Fortune 250 corporation discovers huge savings via a Libertarian’s idea of access to covered complementary and integrative medicine services? What if such a pilot is engaged and the initiative ends up costing a boat-load with little health to show for it? Sitting in the powerful and likely nerve-wracking role of fashioning such a pilot for the last two years is author, clinician and integrative medicine leader Sherri Tenpenny, DO,
ABIHMO. The corporation is the $13-billion manufacturer Parker Hannifin. The multinational has declared a wide open Wellness and Preventive Medicine Program. Given how imbedded are old ways, the fiefdoms of benefits managers, the near illiteracy of information systems, and barriers from HIPAA, the challenges Tenpenny and her colleagues face is no less than the hero’s charge to pull the sword from a stone. At the same time, the influence of well-researched outcomes could be more profound than any single research project in the United States relative to advancing integrative care. An article focusing on the Parker-Hannafin benefit is here: CFO Magazine Urges Fortune 500 Firms to Explore Cost Savings Via Alternative and Integrative Medicine.
Standard Process in new engagement with the acupuncture and Oriental medicine community
For many years, whole foods supplement manufacturer Standard Process has provided scholarships to selected chiropractic students and significant grants to the field’s educational institutions. The firm announced on August 26, 2013 that it is beginning a similar program for acupuncture and Oriental medicine students. They position these as “part of its long-term initiative to support future health care professionals” and, more specifically, the firm’s “dedication to supporting the growth of acupuncture in the United States.” The first awardees were Kristin Hauser, a student in the College of Acupuncture and Oriental Medicine at Southern California University of Health Sciences and Erika Schultz from the Austin, Texas AOMA Graduate School of Integrative Medicine (AOMA). States Amanda Smith, Standard Process’ acupuncture segment manager: “Standard Process is committed to the future of acupuncture and its professionals.”
Comment: An interesting new direction for one of the most powerful and strategic corporate players in the supplement industry.
Sabin on Steps to Negotiating Integrative Medicine in Institutional Settings
I recently shared with integrative clinic consultant Glen Sabin a practical column from acupuncturist Christian Nix on what licensed acupuncturists should and should not do to open doors to health system jobs. Sabin used this as a launch for his own column to his target audience: “8 steps to Negotiating Integrative Medicine within Institutional Settings.” Sabin first offers a pithy summary of Nix’s Ten Cardinal Sins Acupuncturists Make (such as “don’t make upfront assumptions about the ‘deciders’; learn their needs and challenges, ask the right questions and do lots of listening”) then launches his own list. Sabin turns to such topics as the opportunities under accountable care, and a charge to “Focus on the Bigger Economics and Opportunities.”