Community Health Ventures signed a contract for Masimo’s (NSDQ:MASI) Pronto 7 and Pronto devices which provide on-the-spot hemoglobin, SpO2, pulse rate and perfusion index measurements.
Masimo
D+Vice Talk – June 7, 2013 with guest speaker Stephen Simpson, medtech analyst
Welcome to the latest edition of the MassDevice.com’s D+Vice Talk, our new webcast, in which we review medical device stories from the last week.
Masimo throws down the gauntlet with $1M challenge against Covidien
Medical device tax: How much are companies paying to government for healthcare reform?
In January 2013, Medical device companies began paying a 2.3% excise tax on U.S. Sales in order to pay for the Patient Protection and Affordable Care Act.
The levy is expected to generate some $30 billion over the next 10 years.
MassDevice.com is tracking the tally paid by several medical device companies, based on quarterly earnings report for the first quarter of 2013. We will update the list as more companies returns file in.
Tallies based on companies with Q1 earnings ended on March 31, 2013
Masimo lands FDA win for pediatric acoustic sensor
Masimo gains on Q1 numbers, affirmed guidance
Masimo (NSDQ:MASI) shares are up following the Irvine, Calif.-based medical device company’s solid 1st-quarter results, gaining some 7% since last week’s earnings announcement.
Masimo, which makes patient monitoring equipment, posted profits of $16.4 million, or 28¢ per share, on sales of $135.9 million during the 3 months ended March 30, for bottom-line growth of 4.1% and a top-line gain of 14.0%.
Masimo’s Q4 sales jump 18%, but 2012 profits drop 2%
N.J. doc admits to collecting $100K in imaging kickbacks | MassDevice.com On Call
MASSDEVICE ON CALL — New Jersey cardiologist Dr. Shashi Agarway last week admitted to collecting more than $100,000 in kickbacks for referring patients for imaging diagnostic exams.
Agarway pleaded guilty to referring patients for MRI and computed tomography scanning at Orange Community MRI in exchange for cash. He told regulators that he received $100 for each Medicare or Medicaid patient he referred for MRI scanning and $50 for each CAT scan.
Patient safety advocates declare war on preventable deaths | MassDevice.com On Call
MASSDEVICE ON CALL — Patient monitoring devices maker Masimo this week touted the "great success" of its 1st Patient Safety, Science & Technology Summit, touting a groundswell of support from hospitals and medical technology companies.
Masimo updated its progress toward its stated goal of eliminating preventable deaths by 2020, illustrating the problem with a couple of grim examples.
MassDevice.com +3 | The top 3 med-tech stories for Jan. 15, 2013
Say hello to MassDevice +3, a bite-sized view of the top three med-tech stories of the day. This feature of MassDevice.com’s coverage highlights our 3 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.
If you read nothing else today, make sure you’re still in the know with MassDevice +3.
Medical device makers ink interoperability pledge
Nine medical device companies ranging from industry titans to small-cap movers inked a pledge to make the data generated by their devices available to patients, in a move aimed at ridding the healthcare system of unnecessary deaths by 2020.