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By Brian Dolan July 14, 2009
It's been a tough couple of months for wireless arrhythmia monitoring company CardioNet: The company has terminated its plans to acquire Minnesota-based Biotel, which has its own cardiac arrhythmia monitoring business, an experienced design and development team plus manufacturing capabilities that were set to support CardioNet's growing business. The deal was originally pegged at $14 million but...
By Brian Dolan July 14, 2009
For the record, BlackBerry has conducted clinical trials with smartphones paired with Bluetooth-enabled medical peripheral devices for years. Three of the company's smartphones are among the five most popular smartphones in North America. At least one executive at BlackBerry-maker Research In Motion is a bit curious about all the hype around Apple's recent medical foray with the iPhone....
By MHN Staff July 13, 2009
CONSHOHOCKEN, Penn. - CardioNet (Nasdaq: BEAT), announced today that on Friday, July 10, 2009, it received a letter from Highmark Medicare Services stating effective September 1, 2009 Highmark was adjusting its reimbursement rate for MCOT services to $754 per service. This reimbursement change affects all providers covered under CPT Code 93229. Randy Thurman, Chairman, President and CEO of...
By Brian Dolan July 13, 2009
By Bradley Merrill Thompson, Partner, Epstein Becker & Green, P.C. It can come as a bit of a shock to people in the consumer electronics, IT and telecommunications industries that FDA might regulate certain equipment like cell phones that companies are planning to put at the center of connected health services. My goal is to outline the factors that FDA considers when deciding whether to...
By Brian Dolan July 13, 2009
After months of rumors and analyst speculation, Highmark CMS has, after all, cut the reimbursement rate for wireless cardiac monitoring MCOT services from $1,123.07 to $754. While some analysts have been anticipating a rate drop on the order of about $200 for the past few months, the rate cut was almost double that. CardioNet, the only pure-play wireless health company that has gone public, is...
By MHN Staff July 10, 2009
SAN DIEGO - DexCom, Inc. (NASDAQ:DXCM) today announced the appointment of Eric Topol, M.D. as a member of DexCom’s Board of Directors. Dr. Topol is the Director of the Scripps Translational Science Institute, a National Institutes of Health funded program of the Clinical and Translational Science Award Consortium. In 2009, he was named the Gary and Mary West Endowed Chair of Innovative Medicine....
By MHN Staff July 10, 2009
NEW YORK–The healthcare industry has always been an early adopter of Wi-Fi. A new study from ABI Research forecasts that revenue from sales of Wi-Fi-enabled healthcare products worldwide (not even including Wi-Fi-equipped medical equipment) will total $4.9 billion in 2014. This represents an increase of nearly 70% over today’s figure. With $20 billion allocated in the US Stimulus Bill for the...
By Brian Dolan July 10, 2009
Continuous blood glucose monitoring company DexCom has appointed Dr. Eric Topol to its board of directors. Topol also serves as Director of the Scripps Translational Science Institute, Founding Member and Chief Medical Officer of the West Wireless Health Institute, Board Member of Triage Wireless and was on CardioNet's Scientific Advisory Board previously. DexCom looks to be the first wireless...
By Brian Dolan July 10, 2009
The revenue from worldwide sales of WiFi-enabled healthcare products will reach nearly $5 billion in 2014, according to a recent report from ABI Research. The figure represents an increase of almost 70 percent over today's market.  "It's a pretty big business," ABI Research vice president Stan Schatt said in a statement. "The strong uptake of WiFi in the health industry is underpinned by its need...
By Brian Dolan July 9, 2009
iPhone as hearing aid sounds dubious: TechCrunch points out that the industry may still have a long way to go before we see commercial launches for blood glucose monitors and blood pressure pumps that connected to the iPhone, some health and disability-related apps are available. That includes soundAMP, a hearing aid application that's available in the AppStore for $9.99. More Kaiser Permanente's...

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