February 1, 2010
Wireless remote monitoring for patients with heart conditions is fast becoming a crowded space for wireless health companies -- CardioNet, the only pureplay wireless health company to have gone public and LifeWatch, a Switzerland-based company are just two of the big players in this ever popular field. Last month we noted that Corventis had received FDA approval for its MCOT system, which put it...
January 19, 2010
Big news for the first startup shepherded by the West Wireless Health Institute: The FDA has greenlit Corventis' Nuvant system, a mobile cardiac telemetry system. The 510(k) clearance for Nuvant enables Corventis to begin marketing the service in the U.S. -- Corventis secured FDA clearance for its PiiX sensor (pictured), which is a part of the Nuvant system -- last April. According to the company...
November 6, 2009
Should hospitals who use telemedicine technologies be compensated for revenues lost because of reduced admissions and ED visits? That's the proposition set forth in a column over at iHealthBeat by Protima Advani, Practice Manager for the IT Insights program at the Advisory Board Company:
"Needless to say, more than just federal grants are needed to drive growth in telemedicine programs. Changes...
September 2, 2009
There has been a highly speculative and questionable rumor floating around that Philips is interested in buying wireless cardiac monitoring company CardioNet. The company has had a string of bad news lately as Highmark Medicare Services officially reduced reimbursement for the company's services starting yesterday. CardioNet is also facing class action lawsuits related to the reimbursement cut....
September 1, 2009
Highmark Medicare Services (HMS) confirmed with remote monitoring service provider CardioNet that the reduced reimbursement rate for mobile cardiovascular technology will become effective today, September 1, 2009. The new rate is $754 per service and that represents a 33 percent reduction from the $1,123 reimbursement rate the service has retained all year.
"We are very disappointed at HMS'...
August 4, 2009
"People are now texting more than they are speaking on their mobile phones and this has to tell us something in the healthcare industry." said Frank Avignone, Senior Director, AllOne Mobile at the World Healthcare Congress' Wireless Health event in Boston last week. Avignone noted that wireless only households (homes with no landline phones) now make up more than 18 percent of U.S. households. (...
July 24, 2009
As we have noted in the past, for those seeking to bring clinically-focused wireless health services to market, there are a number of trail blazers in the industry that can provide some clues for go-to-market strategies. We have discussed the FDA and FCC regulatory frameworks facing wireless health as well as the importance of securing reimbursement from (CMS) Centers for Medicare and Medicaid...
July 22, 2009
According to a recent ABI Research report, 15 million wireless devices will be in use by early 2012 to remotely monitor the well-being of elderly or at-risk people. For the next two years at least, most of these devices will consist of medical devices with cellular technology built-in, according to the report.
"Wireless telehealth systems can reduce healthcare costs in a couple of ways," ABI...
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...
July 2, 2009
"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...