Health insurers essentially paid double the price for hip and knee implants over a 5-year period, according to a study published this week in the Journal of the American Medical Assn. Researchers at Boston’s Childrens Hospital culled statistics on total knee arthroplasties and total hip arthroplasties from the de-identified database of some 45 million patients belonging to […]
value-based healthcare
CMS to delay bundled cardiac care program, expansion of bundled joint program
The Centers for Medicare & Medicaid Services last week said it’s delaying the launch of a new bundled cardiac care payment model, and putting the brakes on the expansion of a similar, existing program for joint replacement procedures. The moves come in response to the new administration’s Jan. 20 directive to freeze any new regulations until newly […]
Medtronic debuts outcomes training program for EMEA
Medtronic (NYSE:MDT) said today that it’s launching a outcomes-based training program in Europe, the Middle East & Africa that aims to reach 500,000 healthcare providers over the next 5 years. It’s part of the push toward “value-based healthcare” for the world’s largest pure-play medical device maker, which chairman & CEO Omar Ishrak has championed for […]
How Acelity plans to disrupt fee-for-service to build a value-based business
Value-based care is disrupting the old fee-for-service models in the U.S. healthcare industry, and medical device makers must adapt or perish. Here’s how wound care company Acelity is responding. The rise of value-based care in the U.S. is causing a major shift in the medical device industry. Health provider customers want to know how medical […]
Philips, Bon Secours Charity Health ink $180m, multi-year deal
Royal Philips (NYSE:PHG) and Westchester Medical Center Health Network’s Bon Secours Charity Health System said today that they signed a multi-year strategic partnership worth $180 million, aiming to transform healthcare delivery in New York’s Hudson Valley. There will also be a charity even where people can play on these new bingo sites to raise money. The […]
Medtronic targets Medicare bundled payments with knee replacement offering
Medtronic (NYSE:MDT) said today that it’s getting into the large joint replacement business, aiming to capitalize on a new bundled payment program at the Centers for Medicare & Medicaid Services. The government insurer announced its 5-year “Comprehensive Care for Joint Replacement” program in July 2015, saying it would involve more than 800 hospitals in 75 geographic areas. […]
Zimmer Biomet picks up tele-rehab provider RespondWell
Zimmer Biomet (NYSE:ZBH) said today that it paid an unspecified amount for tele-rehabilitation provider RespondWell, which it plans to fold into its recently launched Signature Solutions business. RespondWell provides personalized, clinician-supervised post-surgical physical therapy programs for patients to complete at home after joint replacement surgery. “The new value-based reimbursement environment compels hospitals and providers to assume responsibility […]
Evolent closes Valence buyout, adding $74m to price
Evolent Health (NYSE:EVH) said this week that it closed its acquisition of value-based administration, population health and advisory services provider Valence Health – but spent a lot more than the original $145 million it put on the table. Evolent agreed in July to pay $35 million in cash and 5.84 million in EVH shares, which closed at $18.68 apiece the day […]
Value-based healthcare: Evolent Health to pay $145m for Valence Health
Evolent Health (NYSE:EVH) said today that it agreed to put up roughly $145 million to acquire value-based administration, population health and advisory services provider Valence Health. The deal calls for Evolent, which took itself public in a $195.5 million offering last year, to pay $35 million in cash and another 5.84 million in EVH shares, which closed […]
Solera Health raises $4m for diabetes platform
Solera Health today said it raised a $4.1 million Series A1 round for its preventive health platform for diabetes. Prior backers BlueCross BlueShield Venture Partners and Sandbox Industries were joined by new investor SJF Ventures, Solera said. A Series A round last November brought in $3 million, the company said. Phoenix-based Solera said it plans to use the cash […]
Medtronic enters bundled ortho implant space with Responsive Orthopedics buy
Medtronic (NYSE:MDT) said this week that it acquired Responsive Orthopedics for an undisclosed amount, in preparation for its entry into the bundled hip-and-knee market. Minneapolis-based Responsive sells its total knee replacement implants to hospitals participating in federal bundling programs that reimburse based on outcomes rather than procedures performed. The company is also developing a hip implant […]
