MASSDEVICE ON CALL — Physicians may face cuts in Medicare reimbursements by nearly one-third of current levels if Congress can’t come to terms on a deficit cutting plan.
Physician stand to lose 27.4 percent of their reimbursement payments at the end of the year, an accumulation of gradual cuts that have been delayed by Congress in a series of efforts colloquially called the "doc fix."
Furthermore, without an agreement on Capital Hill an automatic 2 percent cut across the board for Medicare payments will take effect in 2013, Healthwatch reported.
GE Healthcare aims to provide "turn-key" approach to blood plasma fractionation
GE Healthcare joined forces with plasma fractionation engineering company Neste Jacobs Oy to design a "turn-key" approach for countries to support their own blood plasma production industries, according to a press release.
Device tax a blight on jobs and innovation, Ohio exec says
The 2.3 percent medical device tax slated to go into effect in 2013 puts small businesses and their innovations at risk, said Ohio-based BioOhio president & CEO Tony Dennis in an editorial for Cleveland.com.
Health care law without individual insurance mandate terrifies insurers
If the Supreme Court strikes down the individual insurance mandate in President Barack Obama’s health care reform while upholding the rest of the law, insurers worry that they may be "left holding the bag," Healthwatch reported.
iPad app from Philips measures vitals via camera