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Healthcare Reform

BREAKING: Amazon, Berkshire, JPMorgan joint healthcare venture is ending

January 4, 2021 By Sean Whooley

Amazon (NSDQ:AMZN), Berkshire Hathaway and JPMorgan Chase announced today that they are ending their joint healthcare venture. The venture, launched in 2018 and known as “Haven,” aimed to bring the companies’ scale and complementary expertise to a long-term project which initially focused on technology solutions to help provide their U.S. employees and families with “high-quality and […]

Filed Under: Business/Financial News, Featured, Healthcare Reform Tagged With: Amazon, Berkshire Hathaway, haven, Insurance, JP Morgan Chase

Medical Alley to collaborate with Accenture for Healthcare Transformation Initiative

November 18, 2019 By Sean Whooley

The Medical Alley Association and Accenture (NYSE:ACN) announced today that they are collaborating to lead phase one of the Healthcare Transformation Initiative campaign in an effort to redefine the course of healthcare. HTI-MA is an initiative with the goal of bringing together healthcare leaders to define realities of today’s healthcare system, identify modes of collaboration for […]

Filed Under: Business/Financial News, Healthcare Reform Tagged With: Accenture, Medical Alley, Medical Alley Assn.

Study: Nearly $1 trillion wasted in U.S. healthcare annually

October 10, 2019 By Nancy Crotti

About 25% of U.S. healthcare spending — between $760 billion and $935 billion annually — is wasted, according to a new report published today. Researchers from Humana (NYSE:HUM) and the University of Pittsburgh School of Medicine searched medical literature from January 2012 to May 2019, looking for waste and savings opportunities in six domains of […]

Filed Under: Business/Financial News, Featured, Healthcare Reform Tagged With: Centers for Medicare and Medicaid Services (CMS), Humana, Journal of the American Medical Assn. (JAMA), University of Pittsburgh

HHS proposes regulatory changes to promote value-based payment arrangements

October 9, 2019 By Chris Newmarker

UPDATED Oct. 9, 2019, with comments from press briefing in Minneapolis. The U.S. Department of Health and Human Services today proposed what it’s describing as a modernization of the physician self-referral law in order to promote value-based healthcare. The proposed regulatory changes, which are heading into a 75-day public comment period, say the physician self-referral […]

Filed Under: Digital Health, Featured, Health Information Technology, Healthcare Reform, Regulatory/Compliance Tagged With: Centers for Medicare and Medicaid Services (CMS), Dept. of Health & Human Services (HHS), value-based healthcare

How can medical device companies thrive in the future?

September 20, 2019 By Chris Newmarker

Medical device data is becoming more important than the hardware itself, so medtech companies need to forge a partnership with consumer technology companies to stay innovative, according to a new report from Deloitte. The Deloitte report — called “Winning the Future of Medtech” — came out yesterday in advance of next week’s AdvaMed MedTech Conference […]

Filed Under: Big Data, Business/Financial News, Emerging Markets, Featured, Health Information Technology, Healthcare Reform, News Well, Software / IT Tagged With: Deloitte, Medtech Conference

Baxter throws $500m behind CMS push for dialysis innovation

July 30, 2019 By Chris Newmarker

Baxter (NYSE:BAX) officials apparently think their company can benefit from a Trump administration and CMS proposal to provide extra reimbursement for new and innovative dialysis equipment and supplies. Just days ago, CEO Joe Almeida told analysts in an earnings call that the company planned to invest $500 million to significantly increase production capacity and meet new […]

Filed Under: Business/Financial News, Dialysis, Featured, Healthcare Reform Tagged With: Baxter, Centers for Medicare and Medicaid Services (CMS), Dialysis

Medicare’s bundled ortho payments yield modest savings

January 2, 2019 By Nancy Crotti

Medicare’s randomized trial of a new bundled payment model for hip and knee replacement surgeries led to $812 in savings per procedure, a 3.1% reduction in costs when compared with traditional means of paying for care, according to new research. The study from Harvard T.H. Chan School of Public Health and Harvard Medical School found that the […]

Filed Under: Healthcare Reform, Hospital Care, Medicare, News Well, Orthopedics Tagged With: Centers for Medicare and Medicaid Services (CMS), Harvard Medical School, Harvard T.H. Chan School of Public Health, New England Journal of Medicine

Nearly 150 groups join AdvaMed’s anti medtech tax letter

December 6, 2018 By Fink Densford

In a recent letter sent to leaders of U.S.Congress and Senate, medtech industry lobbying group AdvaMed was joined by 142 other organizations in urging for the repeal of the 2.3% medical device tax. Major medical companies including Medtronic (NYSE:MDT), BD (NYSE:BDX), Boston Scientific (NYSE:BSX) and GE Healthcare (NYSE:GE) added their signatures to the letter, as well as a […]

Filed Under: Healthcare Reform

Gingrich stumps for medical device tax repeal

December 4, 2018 By Fink Densford

Former U.S. House Speaker Newt Gingrich this week published an editorial with StatNews urging members of Congress to repeal the medical device tax. In the opinion piece, Gingrich calls the tax “misguided” and “job-killing” and suggested that the 2.3% tax, which was levied on medical devices as part of the Affordable Care Act in 2010, […]

Filed Under: Business/Financial News, Featured, Healthcare Reform

Medtech reporting would change under new opioid law

October 10, 2018 By Nancy Crotti

A section of the recently-passed bill to address the opioid crisis could have implications for medtech. The 250-page Substance Use-Disorder Prevention that Promotes Opioid Recovery and Treatment for Patients and Communities Act (SUPPORT for Patients and Communities Act) contains a provision that would require manufacturers of certain medical devices, drugs and biologics covered by Medicare, Medicaid, […]

Filed Under: Featured, Healthcare Reform, Medicare, Regulatory/Compliance Tagged With: Centers for Medicare and Medicaid Services (CMS), Donald Trump, opioid crisis, U.S. Congress

Report: Trump to sign controversial law granting patients access to experimental drugs

May 29, 2018 By Sarah Faulkner

President Donald Trump is slated to approve legislation this week that will give terminally-ill patients access to experimental drugs that haven’t yet been cleared by the FDA. The “right-to-try” bill has sparked a great deal of controversy among policymakers and patient groups. While some, including the president, describe the effort as offering hope to patients […]

Filed Under: Food & Drug Administration (FDA), Healthcare Reform, Pharmaceutical, Regulatory/Compliance Tagged With: FDA

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