"You are not going to get paid for cool ideas," IntelliDOT CEO and founder of CardioNet James Sweeney told a group of wireless health entrepreneurs at the Wireless Life Sciences Alliance event last month. "You are not going to get paid for saving lives. You are not going to get paid for anything unless you can prove that you can save them money."
Sweeney's words clearly still echo in the halls of...
Texas-based arrythmia monitoring provider eCardio announced today an undisclosed minority investment from Sequoia Capital. This investment marks the first round of institutional funding for the company since its founding in 2004. Sequoia has previously invested in Apple, Cisco, PayPal, Google, Oracle, Yahoo, YouTube and other well-known tech companies.
"eCardio has experienced tremendous growth...
By Russell Fox, Communications Practice, Mintz Levin
Wireless technology has long been a part of medical devices. The recent introduction of more sophisticated wireless phones and the deployment of wireless broadband networks has sparked the development of new "mHealth" (mobile health) applications and services that enable medical professionals to monitor patient data and help patients manage...
Remote cardiac monitoring company LifeWatch has inked an exclusive carrier agreement with Verizon Wireless for its mobile phone-based service for cardiac patients. LifeWatch's LifeStar Ambulatory Cardiac Telemetry (ACT) service is a direct competitor to CardioNet's MCOT service, but unlike CardioNet, the company uses the patient's mobile phone to transmit the monitoring data. CardioNet uses a...
As we reported a few weeks ago, a financial analyst issued a report that claimed Highmark CMS was planning to reduce the reimbursement rate for CardioNet's wireless cardiac monitoring service and the report ended up dominating the wireless health company's most quarterly investment call.
This week, CardioNet announced that Highmark CMS' reimbursement rate for CPT code 93229, Mobile Cardiovascular...
During the first day of the Wireless Life-Sciences Alliance meeting, called the Convergence Summit, Qualcomm CEO Paul Jacobs defined convergence as the overlapping of computer devices, consumer electronic devices and wireless technology, according to Tim Gee's Medical Connectivity blog. Jacobs pointed to the Amazon Kindle, as a prototype for the future: a device with built-in wireless (cellular...
CardioNet, the only pure play wireless health company that has gone public, began selling a sleep disorders clinical indicator, called SomNet. The company believes that SomNet has the potential to identify patients with a high likelihood of sleep disorders by measuring cyclic variation of heart rate (CVHR), a rhythm that is caused by repeated arousals from sleep because of the disorders.
"There...
One of the critical success factors for a wireless healthcare service is a physician's willingness to prescribe it, and that conversation typically begins once a service has been given the green light for reimbursement by the Centers for Medicare and Medicaid Services (CMS) and other payers.
CardioNet, mHealth's Reimbursement Pioneer?
CardioNet, the only pure-play wireless health company that has...
Jim Sweeney, the founder of CardioNet and new CEO of handheld barcode scanner company IntelliDot, has no interest in Intellidot as it operates today:
"This company in its current form is of no interest to me," Sweeney told Xconomy during a recent interview. "I have a vision of what can happen in terms of wireless technology and applications. I intend to take the company forward into providing...
While at the CTIA event in Las Vegas earlier this month, the BNET.TV news team was kind enough to ask me to discuss the emerging opportunity for wireless companies looking to enter the healthcare and fitness industries. During the 10 minute clip we discuss device interoperability, iPhone 3.0, Jitterbug, Continua Health Alliance, Cardionet, LifeScan and more.
(One caveat: The Continua Health...
