Say hello to MassDevice +5, a bite-sized view of the top five medtech stories of the day. This feature of MassDevice.com’s coverage highlights our 5 biggest and most influential stories from the day’s news to make sure you’re up to date on the headlines that continue to shape the medical device industry.
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5. Should the medical device industry pay user fees to CMS?
Achieving reimbursement from payers has become a major challenge for medical device companies. Could the solution lie in having them pay user fees to CMS – the way they do to FDA?
That was the question floated by Nadim Yared, president of CVRx and the current chairman of AdvaMed, during this week’s Medtech Conference powered by AdvaMed. Yared made the suggestion during a talk with Tamara Syrek Jensen, director of the coverage and analysis group at CMS, and Dr. Jeff Shuren, director of CDRH. Read more
4. Analytics 4 Life lands $25m for AI-backed cardiac imaging tech
Analytics 4 Life said today that it landed $25 million in a Series B financing round. A group of investors, including doctors and medical device experts, contributed to the round.
The digital health company’s cardiac imaging tech is designed to help physicians assess the presence of coronary artery disease using signals from the body – without the use of radiation or contrast agents. Read more
3. Boston Scientific launches third Connected Patient Challenge
Boston Scientific today announced the launch of its third annual Connected Patient Challenge, which it is holding in collaboration with Google and Medstro.
The last competition was about big data, artificial intelligence and patient-engagement technologies. This time around, the competition is offering winners up to $50,000 in services to help them realize their big idea about how to use the Internet of Things to improve diagnosis, treatment, monitoring or patient care. Read more
2. 6 innovative pediatric devices you need to know
The creators of six innovative pediatric devices received a total $250,000 in prize money at the fifth annual Pediatric Device Innovation Symposium, co-located this year at AdvaMed’s The MedTech Conference in San Jose, Calif.
The event – organized by the Sheikh Zayed Institute for Pediatric Surgical Innovation at Children’s National Health System and sponsored by National Capital Consortium for Pediatric Device Innovation (NCC-PDI) – allows companies to showcase innovative medical device solutions that help meet needs in pediatric health. Read more
1. FDA head Gottlieb says hurricane damage in Puerto Rico “bad, if not worse” than predicted
The impact of Hurricane Maria on the island of Puerto Rico, including its substantial medical device manufacturing hub, is “just as bad, if not worse, than predicted,” FDA Commissioner Dr. Scott Gottlieb said in a statement released yesterday.
Many companies are rushing to assess damages to their facilities after the storm, with industry groups like AdvaMed and the FDA undertaking efforts to help begin the process of recovery for not only the production facilities on the island, but the people and infrastructure as well. Read more