Cleveland Clinic neuromodulation spinoff Intelect Medical may have stealthily exited Cleveland to set up shop in Boston, but the company’s recent $78 million sale to Boston Scientific (NYSE:BSX) highlights Northeast Ohio’s growing strength in neurotechnology.
CleveMed chairman Bob Schmidt thinks he has an answer for the trends of rising healthcare costs, fewer doctors to treat more patients and provider pay-cuts by the federal government: eHealth.
“eHealth” means different things to different organizations, though for most it means using the Internet or electronic means to deliver and manage healthcare.
The Cuyahoga County New Product Development and Entrepreneurship Loan Fund awarded Cleveland Medical Devices Inc. $60,000 to step up commercialization of the company’s SleepView device for sleep apnea screening at home.
CleveMed has a lineup of wireless diagnostic sleep systems, including SleepView, which is the smallest and lightest home sleep monitor with an American Academy of Sleep Medicine-recommended Type 3 channel set.