“Value” is a word that one hears a lot these days in the medical device industry and healthcare in general, but it’s hard to pin down what it exactly means. Defining what it means matters because public and private healthcare payers in the U.S. and around the world are moving away from traditional fee-for-service payments. […]
Electromed (NSDQ:ELMD) said last week that it settled a beef with the Centers for Medicare & Medicaid Services for roughly $1 million. New Prague, Minn.-based Electromed, which makes the SmartVest airway clearance system, said the dispute arose over some 700 Medicare fee-for-service claims it submitted from 2012 through 2015, totaling about $2.9 million. After the government health […]
Several clinical study results were published this week, while other companies reached distribution deals. Here are 7 medtech stories we missed this week but were still worth mentioning. 1. Health Canada approves Ventripoint’s complete heart analysis system for 2D ultrasounds Ventripoint Diagnostics received a license from Health Canada for its new VMS-Plus machine and the 4-chamber […]
Royal Philips (NYSE:PHG) has promoted its India managing director and CEO Krishna Kumar to a position managing its emerging healthcare business division, according to The Times of India. Kumar is slated to continue as managing director of Philips India division until December, at which point he will lead the development of consumer and profesisonal healthcare […]
The 3 months ended March 31 made up Abiomed’s "best quarter and year in company history, in terms of number of patients supported, revenue growth, and profitability," chairman, president & CEO Michael Minogue said in prepared remarks.