MASSDEVICE ON CALL —GE Healthcare’s (NYSE:GE) decision to switch a large swath of its employees to a high-deductible health plan may be bad news for its own imaging business, one of the world’s largest.
The new insurance plan has cut MRI and CT imaging use by nearly 25%, which is good news for the healthcare giant’s $2.5 billion healthcare costs but could spell disaster for one of the company’s largest divisions.
Similar insurance changes at other large companies and Medicare imaging reimbursements cuts may outpace GE’s efforts to boost its imaging business through pipeline padding and focus on emerging markets, according to the Wall Street Journal.
Time to check CEO incentives?
Corporate policies that reward CEOs for taking "excessive risks" may be putting companies in danger, warn researchers, adding that board of directors should offer strategic stock incentives based on encouraging the amount of risk a company is willing to take.
Intuitive Surgical lands military contract
Robotic surgery devices maker Intuitive Surgical (NSDQ:ISRG) won a $33.9 million U.S. Naval Medical Logistics Command contract to provide instruments for use with the da Vinci system.
J&J launches international innovation centers
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Device communication breakdowns leave patients muddled
A pair of observational studies of patient responses conclude that more than 3-quarters of medical device patients interviewed "could not recall a discussion of perioperative risk or potential long-term complications, such as the publication of an advisory or recall, inappropriate shocks, or depression."