Update: Updated with analyst information on Insulet and DexCom, and Insulet’s response. Tandem Diabetes Care (NSDQ:TNDM) shares dropped over 20% after UnitedHealth Group (NYSE:UNH) announced it is making Medtronic (NYSE:MDT) its preferred provider of insulin pumps. Insulet (NSDQ:PODD) and Dexcom Inc. (NSDQ:DXCM) also took a hit with the news, seeing shares drop 10% and 3% respectively The shift will go into […]
UnitedHealth Group
UnitedHealth tightens hysterectomy coverage
U.S. healthcare groups taking a closer look at medical implants
A quartet of U.S. healthcare groups are teaming up to take a closer look at the long-term effectiveness of medical implants, launching independent clinical studies in order to evaluate devices and their outcomes for patients, the group announced this week.
Abiomed lands reimbursement expansion for Impella heart pump
Abiomed (NSDQ:ABMD) won expanded reimbursement for its flagship Impella heart pump from 4 private and Medicare Advantage insurers, including 1 of the largest names in the industry.
Humana, UnitedHealthcare Medicare Risk, Independence Blue Cross and Capital Blue Cross. The expanded coverage at the private or Medicare Advantage plans includes new Impella policies.
UnitedHealth, Mayo Clinic in pact to improve patient care
UnitedHealth Group, the largest American health insurer, and the Mayo Clinic are joing up to merge insurance records and medical data to help standardize care and lower costs.
The initiative, including a Mayo/Optum Labs venture announced earlier this week, aims to optimize treatments like hip replacements or medication compliance, according to Veronique Roger, head of Mayo’s Center for the Science of Health Delivery.
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Revolutions Medical taps new CFO | Personnel Moves
Here’s the latest personnel changes from medical device, diagnostics and life science companies around the nation. For more recent hirings and firings, check out MassDevice’s compilation of the latest personnel moves.
Gingrich: GOP’s Medicare plan is “right-wing social engineering”
Conservative icon Newt Gingrich, the former speaker of the U.S. House who’s mounting a run at the White House, lambasted a Republican plan to overhaul Medicare over the weekend, calling it "right-wing social engineering.”
Gingrich also voiced his support for the controversial lynch-pin of President Barack Obama’s landmark health care reform law, the so-called individual mandate, which is the object of a slew of constitutional challenges in courts around the country.
MassDevice On Call: Health insurer warns diabetes will cost $3.4 trillion over next decade
Health insurer warns diabetes will cost $3.4 trillion over the next decade. Costs related to diabetes will run up a tab of almost $3.4 trillion through 2020 in the United States, with more than 60 percent paid for by the U.S. government — unless people lose weight, a study released today by health insurer UnitedHealth Group Inc. revealed, according to Bloomberg.
UnitedHealth’s Ingenix picks up partner A-Life Medical
UnitedHealth Group’s (NYSE:UNH) health information technology subsidiary Ingenix is buying yet another company that could help it cut administrative costs in healthcare — A-Life Medical — for an undisclosed amount.
Ingenix buys compliance consulting firm
UnitedHealth Group’s (NYSE:UNH) health information technology subsidiary Ingenix will acquire compliance consulting company Executive Health Resources.
Ingenix didn’t disclose the price for the Newton Square, Pa.-based company, but a Bloomberg report last week put the figure at about $1.5 billion.
UnitedHealth subsidiary Ingenix picks up Picis
UnitedHealth Group Inc.’s (NYSE:UNH) health information technology subsidiary Ingenix acquired the hospital software provider Picis for an undisclosed amount.
Wakefield, Mass.-based company provides enterprise software to hospitals’ emergency departments, surgical suites and intensive care units, according to a statement from Ingenix.