Month: February 2020

Cloudbreak Health today announced it has secured a $10 million investment from Columbia Partners Private Capital to fuel growth and product innovation. “Partnering with Columbia allows us to invest in the further expansion of our telemedicine solutions while expanding our IT, sales and customer service teams,” said Cloudbreak CEO Jamey Edwards. “In line with our mission to resolve healthcare disparities, we will add resources to our interpreter network and expand our technical team to support innovation in the next phase of scalability, product development and interoperability.”

Read the full article: Telehealth, language services platform Cloudbreak Health scores $10M (Mobi Health News)

VA mortgage company NewDay USA appointed a new chief operating officer. Michael “Mo” Oursler has been with NewDay for the last eight years as chief credit officer, senior vice president of operations and NewDay University, and vice president of capital markets.

“Mo is one of the most capable individuals I’ve ever had the privilege to work with,” said NewDay USA Founder and CEO Rob Posner.

Read the full article: NewDay USA promotes Michael Oursler to COO (HousingWire)

George Smith Partners has promoted Malcolm Davies to lead the day-to-day strategy and operations along with Jonathan Lee and Shahin Yazdi. “Many of the initiatives the firm has embarked on over the past decade have been used by our specific team, the Davies Group, to ensure production was at the forefront of the company’s revenue,” Davies, principal and managing director at George Smith Partners, tells GlobeSt.com.

Read full article: George Smith Partners Shakes Up Leadership (GlobeSt.com)

Miracle Mile Advisors spoke with GoBankingRates.com on how each democratic candidate will affect the stock market if elected. “Among the Democratic candidates, the market might initially respond best to a President Bloomberg or Biden, as they are more known quantities than a Klobuchar or Buttigieg,” said Kevin O’Grady, managing director and portfolio manager at Miracle Mile Advisors.

Read the full article: Expert Opinions About How Each Democratic Candidate Will Affect the Stock Market if Elected (GoBankingRates.com)

The US pharmaceutical industry is constantly changing. With tough regulatory scrutiny and emphasis on quality issues, many are asking how they can keep up and what trends they should be following in order to break through the stigma.

“With the first FDA-approved cannabis extract (Epidiolex) emerging from the stigma of recreational cannabis, the pharmaceutical industry has taken notice of the potential therapeutic uses of scheduled drugs with no currently accepted medical use,” says Jessica Rousset, COO at CURE Pharmaceutical. “Last year, the FDA fast-tracked studies evaluating the safety and effectiveness of MDMA to treat PTSD and psilocybin for the treatment of depression.”

Read the full article: US Pharma Outlook: Ten Trends to Look Out For in 2020 (CPHI)

There is a mental trap when it comes to index funds, and Miracle Mile gives insight on how to avoid this trap. “The most important factor for most investors is not whether they can ‘meet’ or ‘beat’ an index, but rather whether they can ensure a quality retirement and ensure that they do not outlive their money,” says Dimitry Farberov, Investment Adviser at Miracle Mile Advisors in Los Angeles. “Investors focusing on index returns often miss the forest from the trees of what they’re trying to accomplish.”

Read the full article: Index Investors’ Avoidable Mental Trap #5: This Anchor Can Weigh You Down If You Let It (Forbes)

The coronavirus outbreak in China sparked fear on Wall Street. For the average investor, it’s arguably more important to highlight stocks hurt by coronavirus – companies with core operations that are materially affected by a sudden, scary new bug.

Gambling giant Wynn Resorts is also one of the coronavirus stocks suffering financially from the outbreak. “Since the casino shutdown in China, Wynn Resorts has been losing $2.6 million a day,” says Kevin Koehler, associate portfolio manager at Miracle Mile Advisors.

Read the full story: Coronavirus Stocks: 5 Companies Hit by the New Bug (U.S. News)

On Wednesday, February 12th, Saban Community Clinic and The Center in Hollywood came together for a ribbon-cutting ceremony for the opening of the new satellite clinic that will provide a variety of health services to individuals experiencing homelessness.

The Saban Community Clinic has partnered with The Center to provide a satellite clinic to expand healthcare services directly to community members experiencing homelessness. The satellite clinic will add an exam room, a nurse practitioner, a medical assistant/front desk assistant and a patient eligibility specialist to assist with insurance enrollment. Saban Community Clinic is a critical resource in the neighborhood and will go a long way toward addressing the physical and mental health needs of homeless residents.

More women die every year from heart disease than from all cancers combined. With February being National Heart Month, Melissa Olaso shares her story on her struggle with heart failure and how the Impella CP heart pump saved her life. She was a healthy woman who went through three totally normal pregnancies and was unaware her heart would fail on her fourth pregnancy.