You got lucky with the incompetence of the idiots at the helm holding the technology. So now they dress this pig up and sell it to a farmer who knows the proper way to raise a beautiful pig left to die.
Just to be clear other than for about 3 days when Yahoo was having severe issues have I used a different name on this board. I have always used pharmmaaproved which by the way means nothing. One poster has insinuated I have used other alias playing both sides of the fence, I HAVE NOT! This poster has also insinuated I work for the company, I am sleeping with Jody (PR) lady, or being Jody herself. What a delusional character.
As far as my position, I am still long and will remain long until they go bankrupt (which i doubt) or get taken out. I still find weekly tid-bits about recent patients, coverage, centers, surgeons, and advertising. I just don't think it's cared much around here but by a few anymore, hopefully you guys see what i'm seeing and hearing, it is all relevant to the company's long-term success.
Dem didn't quote anything from the article. I believe dem put the link up for anyone interested to read. They can make their own judgments from the article. Anyone who knows you knows you think you are smarter than the FDA and a full panel of experts..
Preliminary results will be announced at the Meeting. The final results will be filed in 8-K with the Securities and Exchange Commission no later than four business days after the date of the Special Meeting.
You told us docs where dropping out.
The 80 plus docs who are trained could perform the procedure today. I never said the 50 centers where offering the vbloc procedure. We all know it takes several months for the final verification (vac) to be implemented before procedures take place. To date it looks like they are more than halfway there.
Gladney answered a lot of my questions. I thought he was very thorough, now we see if they can execute. He is the company's last hope at this point. By the way ooze was wrong again trying to tell us docs & centers dropping off. I knew he was, you don't just get untrained. There are now 50 centers certified with 80 surgeons trained.
You're right, it should have read "cover cost up to $27000 for eligible patients" The vbloc homepage is not up to date, so i really have no idea how many docs are trained nor centers certified.
I do remember him saying something along the lines "it doesn't take much in the way of sales to make this a $300M company."
I am still on the fence about cost. Yes the device probably needs to be adjusted, but that's a fine line to walk now with CMS telling you they'll cover the cost up to $27000.
The potential Vbloc patient isn't looking for replacement meals.So unless it was a partnership with one of the medical device or pharma companies I would not be a fan. Those who have or will have the vbloc procedure want to continue eating the same foods as before, just less of it.
Enteromedics already has the Vbloc Achieve program.
A comprehensive individualized program that provides one-on-one and group coaching from nationally acclaimed nutritionists and dietitians to maximize your weight loss and help you achieve your goals. The centers usually have a extended follow-up programs as well.
Anyway how about them Pacers, hope they can contain Curry tonight it should be a good game.
Any opinions "update of other recent company developments"
Would like to hear how many in the original group of the 50 people are left in the vbloc access program. And also see if we can get some updated numbers on new people entering the program.
I would also like to hear Dan talk about his envision of the company going forward. I know we heard from him briefly already, but want to hear more..
What do expect coverage overnight? Reimbursement is a cumbersome task, then add we are dealing with something totally new, so it will take time to work through the channels.
Medicaid Guidelines for Coverage of Bariatric Surgery
Bariatric surgery is considered medically necessary when it is used as a treatment for medical conditions that were caused by or worsened by the patient’s obesity. These conditions must be so severe that the benefits of eventual weight loss clearly outweigh the risks associated with bariatric surgery.
Bariatric surgery is not considered beneficial if the primary purpose is weight loss for its own sake, for cosmetic reasons, to correct psychological problems with poor body image, or simply because the patient prefers surgery to other traditional forms of weight loss.
Pre-authorization documentation used to determine eligibility for bariatric surgery must cover all of the following: No significant contraindications that would suggest bariatric surgery would endanger the health of the patient.
Documentation provided for prior authorization must attest that none of the following additional contraindications exist: Inflammatory bowel disease, chronic pancreatitis, cirrhosis, portal hypertension, abnormalities of the gastrointestinal tract, or endocrine causes of obesity, Long-term steroid treatment, Malignant cancer, Significant psychological disorders that would be worsened or interfere with the post-operative management of the patient, Pregnancy, or plans to become pregnant within 18 months, Non-compliance with medical treatment.
Bariatric surgery may be prior authorized when the patient meets all of the following criteria: Clients 21 years of age or older must have a BMI of greater than or equal to 35 kg/m2. The patient, no matter what age, has at least one major comorbid condition, such as: Congestive heart failure, Obesity-related hypoventilation, Sleep apnea, Hypertension, Pseudotumor cerebri, Or two major comorbid conditions, such as: Type 2 diabetes, Cardiovascular or peripheral vascular disease, Pulmonary hypertension, Increased blood lipid levels that are resistant to medication, Recurrent or chronic skin ulcerations with infection, Gastroesophageal reflux disease with aspiration, Accelerated weight-bearing joint disease. In addition, documentation must include a summary of the treatment provided for the patient’s s comorbid conditions and a description of the patient’s unsatisfactory response to standard treatment.
The documentation also must contain a description of why the bariatric surgery is medically necessary. The facility must be recognized as a Bariatric Surgery Center of Excellence by CMS as certified by the American Society for Metabolic and Bariatric Surgery, or must be accredited as a Level 1 bariatric surgery center as designated by the American College of Surgeons. The prior authorization request must include documentation to show that the patient has demonstrated his/her compliance with medical treatment. The patient also must have demonstrated at least 6 months of compliance with a physician directed, non-surgical weight-loss program that occurred with 12 months of the request date.
Other documentation must show:
That the patient is psychologically mature and can cope with the post-surgical changes.
That the patient and the parent/guardian (as applicable) understand and will follow the required changes in eating habits.
That pre-operative nutritional and psychological services are available.
How the patient will accept post-operative surgical, nutritional, and psychological services.
Revisional bariatric surgery may be deemed medically necessary in these circumstances:
To correct complications from bariatric surgery such as band malfunction, obstruction or stricture.
Behavioral health services are not considered part of the bariatric surgery proper, but may be provided as part of the pre-operative or post-operative phase of bariatric surgery.
Again you should know the whole process before implantation takes months. The bariatric center selection, training , and certification process follows a defined protocol that includes center qualification criteria and didactic and surgical training. Once the center criteria are met, the Company's field staff trains the surgeon and staff on Vbloc, theory of operation, and program implementation. This is followed by procedure and system operation training and one or two supervised surgeries, after which the surgeon is certified. There is also delay in the accounting and quality assurance systems process which can take 2-3 months per center.
Did we get "faked out" there again ooz
Open the the link ""Roper St Francis is proud to offer the latest procedures to fight obesity, one of them is called vbloc"
You missed the the bigger picture of my post. The post was more about the horror stories lap-band is producing. But yes there was an ad on the site which tells me the company is ramping up advertisement.
And not that it's any of your business but I rarely trade. I am more a mid to long term investor, in a sea of green. So keep bashing, calling me out if it makes you feel better, I'll be here with a few others having the last laugh while the rest of you whine and complain. Truth is if you where making the quick money you thought you where going to, you would be thanking ole pharma and others for there contributions to the board.
lol "had the balls to mention vbloc ad" now why would I lie? You are just mad deux cause you thought this was the next Netflix. And you thought I had lofty expectations.
I didn't really expect you to open the link since you have no financial interest. But if you would have the link you would have directed you to 100's if not 1000's of horror stories from lapband. So yes I did pick the first two post I read and provided a link to the 100's more since Yahoo only allows so many words.
As far as my post not being relevant, maybe, maybe not. Lapband procedures are down to it's lowest point and complications from patients are still on the rise. Many docs have said vbloc can help fill the gap between pills and invasive surgery which is exactly where lapband was. Vbloc greatest success will come from those who have tried pills but failed, and those who need surgery but want the least invasive route. And heck you get to eat the foods you like while you're at it, like TWINKIES!!" So I think it's very relevant, but again that's just me.
As far as your comments on side effect. Okay, that's minimal compared to everything else available. Vbloc is the safest FDA approved device for weight loss, and beats the hell out of prescription weight-loss drugs too.
Gastric Sleeve 13% complication rate
Gastric Band 13% complication rate
Gastric Bypass 21% complication rate
Vbloc 3.7% complication rate